HomeLight

NOVEMBER 30, 2023

Selling your home in Missouri and buying a new one often involves a tricky dance of timing and finances. In real estate, a bridge loan, also known as a swing or bridging loan, is a short-term financing option designed to help homeowners like you. But what if there was a smoother solution?

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Equity Loans Debt-to-income ratio Home sale contingency 98

Housing Wire

OCTOBER 20, 2023

Design a photo with the testimonial included, then use the caption to express gratitude for the review. Share design inspiration In addition to cool homes, people on social media really enjoy beautiful interior design. Staging ideas There’s a science to staging, but a lot of people don’t know that.

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Agents Lending Staging Renovation 337

HomeLight

DECEMBER 6, 2023

Transitioning from one home to another often involves a delicate balance of timing and finances, especially in a market where inventory is scarce and prices are soaring. Enter the bridge loan – a short-term financing option that could be the key to securing your new home before you’ve sold your old one. You’re not alone.

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Equity Loans Debt-to-income ratio Home sale contingency 91

HomeLight

DECEMBER 15, 2023

This short-term financing solution can provide the funds you need to secure your new Austin home before selling your old one. A bridge loan is a temporary solution designed to “bridge the gap” between selling your current home and buying a new one. Prepare your old home for sale more effectively, including staging.

Equity 88

Equity Loans Debt-to-income ratio Home sale contingency 88

HomeLight

NOVEMBER 29, 2023

This short-term financing option is designed to help you bridge the gap, allowing you to buy your new home in Washington state before you’ve sold your current one. It taps into your existing home’s equity , providing you with the necessary funds for a down payment and covering closing costs on your new property.

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Equity Loans Debt-to-income ratio Home sale contingency 87

HomeLight

NOVEMBER 29, 2023

In a market with limited inventory and high prices, aligning the timing and finances for both transactions becomes a significant challenge. In real estate, a bridge loan is a short-term financial tool designed to aid you during the overlapping period of selling your current home and purchasing a new one.

Equity 86

Equity Loans Debt-to-income ratio Home sale contingency 86

HomeLight

NOVEMBER 21, 2023

A bridge loan isn’t just another financing option; it’s a strategic tool tailored for homeowners like you, seeking a seamless move in today’s complex market. It allows you to tap into the equity of your existing home, providing the funds needed for the down payment and closing costs of your new property.

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Equity Loans Debt-to-income ratio Staging 94

HomeLight

DECEMBER 6, 2023

Designed as a short-term financing option, bridge loans empower you to secure your next home in Houston before you’ve sold your existing one, simplifying the buy-sell process significantly. A bridge loan, sometimes called a swing loan, bridging loan, interim financing, or gap financing, is a financial stepping stone.

Equity 85

Equity Loans Debt-to-income ratio Home sale contingency 85

HomeLight

NOVEMBER 17, 2023

This short-term financing option offers a seamless transition by empowering you to purchase your new Maryland home before selling your old one, ensuring you don’t have to juggle between selling, moving, and buying in a tight timeline. It allows you to move out, thus enabling you to stage or renovate the property.

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Equity Loans Debt-to-income ratio Home sale contingency 97

HomeLight

NOVEMBER 30, 2023

This short-term financing option is designed to help you purchase your new home in Maine before selling your old one, easing the transition and aligning the pieces of your real estate journey more smoothly. This is where the equity in your existing home steps in to cover the down payment and closing costs for your new abode.

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Equity Loans Debt-to-income ratio Home sale contingency 95

HomeLight

DECEMBER 5, 2023

A bridge loan is your short-term financial bridge, designed to help you purchase that new home while your old one is still on the market. It hands you the cash needed for a down payment and covers those pesky closing costs on your new purchase. That’s where a bridge loan in Connecticut can be your saving grace.

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Equity Debt-to-income ratio Loans Home sale contingency 89

Realty Biz

FEBRUARY 19, 2024

Unlike purchasing a ready-made home, it offers the flexibility to design and build according to personal or business needs. However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Technically, you also do not have a buildable lot without an approved design.

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HomeLight

DECEMBER 4, 2023

This short-term financing option in North Carolina can help bridge the gap, allowing you to purchase your new home before selling your old one and smoothing out the transition in this significant phase of your life. You aim to sell your current home empty or staged, which can often appeal to buyers and potentially be more profitable.

Equity 95

Equity Loans Debt-to-income ratio Home sale contingency 95

HomeLight

DECEMBER 14, 2023

A bridge loan is a short-term financing option that allows you to buy a new home before selling your current one. This loan provides you with the cash needed for a down payment and to cover the closing costs of your new home. This can be a vital tool in a market like San Francisco, where every minute counts.

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Equity Loans Debt-to-income ratio Home sale contingency 93

HomeLight

NOVEMBER 15, 2023

Enter the bridge loan – a short-term financial solution designed to bridge the gap. It uses the equity in your current home as leverage, giving you the cash needed for a down payment and covering closing costs on your new property. Often, the lender who is financing your new home will also provide the bridge loan.

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Equity Loans Debt-to-income ratio Home sale contingency 85

HomeLight

NOVEMBER 29, 2023

Tailored as a short-term financing option, a bridge loan empowers you to leap ahead and purchase your new Idaho home before you’ve sold your current one, smoothing out the transition and keeping you on track towards your real estate goals. Selling an empty or staged home can be more lucrative and convenient.

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Equity Loans Home sale contingency Debt-to-income ratio 84

HomeLight

DECEMBER 8, 2023

It’s designed for homeowners like you who are in the midst of transitioning from your current home to a new one. This equity is then used to provide you with the necessary funds to make a down payment and handle closing costs on your new home in Ohio.

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Equity Loans Debt-to-income ratio Home sale contingency 90

The Close

APRIL 30, 2024

If the CMA is on point, the listing might benefit from home staging and improved curb appeal by cleaning up the front yard and painting. After you’ve staged the home and updated the curb appeal , write a new listing description and hire a professional photographer to take new real estate listing photos.

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Agents Short sale Staging Sales 80

Marco Santarelli

MAY 20, 2024

A significant number locked in mortgages with rates below 3% during the early stages of the pandemic. Potential solutions may lie in government programs designed to increase housing inventory and assist first-time homebuyers with down payments or closing costs. Many current homeowners are also feeling the pinch.

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Mortgages Construction New Construction Closing costs 59

HomeLight

NOVEMBER 21, 2023

A bridge loan is essentially a financial tool designed to make your journey from one home to another smoother and faster. However, if your current home is under contract and the buyer’s financing is secure, some lenders might only factor in the mortgage of your new home. What is a bridge loan, in simple words?

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Equity Loans Debt-to-income ratio Home sale contingency 75

Realtor.com

NOVEMBER 7, 2022

Examples might range from “For a limited time, get $5,000 in designer upgrades!” to “Purchase before X date, and we’ll pay all of your closing costs.”. Homebuilders may offer incentives at any stage of the project’s development. Why builder incentives are on the rise today.

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New Construction Construction Finance Closing costs 76

HomeLight

NOVEMBER 30, 2021

For the seventh year in a row, Texas has become the home for more than 500,000 new residents, prompted by a bustling job market, with oil and gas setting the stage for Texas as a powerhouse. For example, if you were interested in moving to Fort Worth, the City of Fort Worth has a department designated to helping first-time homebuyers.

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Closing costs Loans Principal Finance 93

HomeLight

JANUARY 22, 2022

Review your finances. Ideally, your home sale price should be enough to pay off your remaining mortgage and cover these additional expenses: Repairs and renovations: These costs depend on your home’s condition. Agent Rolodexes are full of reliable contractors and designers. Set you up with staging services.

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Staging Agents Renovation Sales 105

HomeLight

AUGUST 23, 2022

These companies can help sellers cash out quickly and many will cover a seller’s closing costs. Lynn goes the extra mile for all of her clients by doing light staging to properties that need it. We Buy Houses operations buy “as is” at a discounted rate and generally seek out homes in need of significant repairs.

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As-is Investor Closing costs Inspection 90

HomeLight

FEBRUARY 21, 2023

These companies can help sellers cash out quickly, and many will cover a seller’s closing costs. My MLS and most MLS systems have an as-is designation allowing search on that term”, says Ailion. Even qualified buyers can run into problems with financing. I advise ‘cash is king’ in negotiation.

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As-is Investor Inspection Closing costs 72

HomeLight

JULY 25, 2022

Get an offer in as few as 48 hours and sell without the need for repairs, staging, or open houses. The home needed just cosmetic updates such as new flooring and paint to bring its design aesthetic out of the 1980s. “It’s These companies can help sellers cash out quickly and many will cover a seller’s closing costs.

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As-is Purchase and sale agreement Inspection Closing costs 82

CT Homes

JANUARY 24, 2023

An iBuyer , also often called an “instant buyer”, is a relatively new trend in the real estate market and is designed to allow homeowners to sell their homes quickly, assuming many of the responsibilities that typically fall on the seller’s shoulders. But what is an iBuyer? to make it easier for them to sell the home down the line.

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Design Closing costs Inspection Closing 81

HomeLight

JANUARY 25, 2023

This company assigns customers to a designated coordinator who provides updates and works directly with you. They also specialize in quick sales, stating on their website that they usually deliver a cash offer within one hour and can close in as little as seven days. The company also takes pride in its customer relationships.

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Purchase and sale agreement Closing costs Closing Agents 71

HomeLight

FEBRUARY 17, 2023

If you’re too busy to meet for a pre-offer consultation, they’ll also drive by your property and provide a cash offer over the phone or schedule an appointment with tenants or a designated person you trust. Closing costs: Sellers pay no closing costs; Cash House Buyers Tampa covers them. The company has 5.0

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Purchase and sale agreement Closing costs Closing Sales 71

HomeLight

MAY 19, 2022

If the home is part of a designated historic district. The disclosure form closes by asking the seller if there are any other material defects, including latent defects, affecting the physical condition of the property. “We These companies can help sellers cash out quickly and many will cover a seller’s closing costs.

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As-is Inspection Investor Closing costs 94

First Team Real Estate

JULY 27, 2021

The traditional way to sell a house takes longer because most homebuyers need to secure financing for the home with a mortgage loan, which takes time. According to Ellie Mae’s March 2021 Origination Report , the average time to get from application to closing is 51 days. . How long does it take to buy a house once an offer is accepted?

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Staging Renovation Agents Sales 98

HomeLight

JANUARY 22, 2024

These companies can help sellers cash out quickly, and many will cover a seller’s closing costs. But if you do end up working with a financed buyer, be aware that different mortgage types (such as conventional loans or government-backed FHA, USDA, or VA loans) have different minimum property standards.

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As-is Inspection Finance Investor 91

HomeLight

MAY 23, 2022

If they filed any insurance claims for damage to the property in the last five years, or if the home is a designated historic building, they will need to disclose that information, as well. These companies can help sellers cash out quickly and many will cover a seller’s closing costs. Exceptions.

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As-is Inspection Investor Closing costs 101

HomeLight

DECEMBER 30, 2020

At a minimum, you want to have enough equity in your home to cover the cost of selling your home (e.g., closing costs and agent commission). Otherwise, you’ll need to find another way to finance these costs. Changing the interior design. Refresh your home’s interior with new linens and curtains.

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Agents Equity Staging Renovation 103

HomeLight

SEPTEMBER 8, 2020

There are a lot of costs you have to worry about, such as the down payment , closing costs , your monthly mortgage amount , and more. The Freddie Mac Home Possible loan is designed for buyers with lower credit scores. Many sellers hire a professional to help them stage their home. Foreclosure pros and cons.

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Closing costs Inspection Debt-to-income ratio Title 85

HomeLight

MARCH 31, 2022

As a high-level rule of thumb, sellers can expect to pay between 6-10% of the final sale price in commissions and closing costs. Below are the details based on an actual net sheet created for a home seller (slightly adjusted to simplify and reflect current costs). Closing costs credit to the buyer: -$500.

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Closing Purchase and sale agreement Title Title search 98

HomeLight

SEPTEMBER 14, 2022

In general, the top things you’ll want to improve include: Fix roof damage – because roofs will often determine if a house can be financed or not. Stage your home. Showcasing all the features of your home with the right staging will invite buyers and give them the ability to visualize themselves living in your welcoming space.

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Marketing Inspection Staging Seller concession 101