HomeLight

AUGUST 24, 2022

Individual program details can also frequently change — please visit a company’s website for the most up-to-date- information on each program’s fees, market coverage, business model, and more. Closing dates are set at the seller’s discretion, and they can have cash in hand within 7 days. Individual investor fees may vary.

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Closing costs Purchase and sale agreement Closing Staging 75

HomeLight

JUNE 23, 2022

However, if the buyer terminates the contract for any other reason not specified in these conditions, the seller is typically entitled to keep the earnest money as a concession for the time they took the home off the market to enter into the exclusive agreement. In competitive markets, this contingency is very unattractive to sellers.

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Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 105

HomeLight

OCTOBER 30, 2020

For example, let’s say the market crashes, and your 401(k) loses a huge amount of value overnight. Contingencies are clauses in real estate contracts stipulating that certain conditions must be met before the deal can close. The title isn’t clear. However important title searches are, they can reveal issues that delay closing.

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Closing Inspection contingency Title search Purchase and sale agreement 109

HomeLight

MARCH 22, 2022

Factors such as the pandemic, increasing job opportunities, and a lower cost of living have increased the demand for housing in North Carolina. “We We are in a competitive market. It’s key to work with an agent that has the experience and knows the tactics to get you closed quickly. What about closing costs?

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Due diligence Closing costs Earnest money deposit Loans 85

HomeLight

MARCH 13, 2023

Perhaps your Metro West resort-style condo isn’t bringing in the revenue you expected as a vacation rental and you don’t want to invest more money to list it on the market. Receive your offer within a week and close in as little as 10 days. Expanding population and job market fuel rental growth Greater Orlando’s population of 2.67

Sales 78

Sales Investor Due diligence Renovation 78

HomeLight

APRIL 30, 2021

Competition is heating up in real estate markets across the country as homebuyers struggle to make their offers stand out from the pack. Homes fly off the market in days, not weeks; offers go well over asking price; and bidding wars are increasingly the norm. Anyone asking the seller to help them with closing costs.

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Due diligence Finance Proof of funds Earnest money deposit 98

HomeLight

JULY 26, 2022

For sellers in neighborhoods with many recently sold homes, it can be easier to determine what their asking price should be based on estimated market value. The housing market can also play a role in the seller deciding to sell the home themselves. One of the benefits of hiring a listing agent is their marketing expertise.

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Earnest money deposit Purchase and sale agreement Title Inspection 93

HomeLight

MAY 24, 2022

In a competitive market, paying cash could help you beat out other homebuyers. Sellers tend to prefer all-cash offers because those deals close more quickly. He estimates that on a $200,000 house, you could save between $5,000 and $6,000 in closing costs. Everyone involved will need time to perform their due diligence.

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Purchase and sale agreement Closing Title search Title 101

HomeLight

MAY 27, 2021

Maureen Kile , a real estate agent from Tulsa , Oklahoma, who has worked with 75% more single-family homes than the average agent in her market, notes that lenders will always check a buyer’s credit score; the higher the score, the better the loan terms. Preapproval is vital, especially in a hot real estate market.

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Loans Mortgages Title FHA loan 80

HomeLight

JULY 25, 2023

Whether you’re facing financial difficulties or ready to downsize, it’s possible to sell your house for cash and avoid the traditional real estate market. No repairs, no staging, no showings — and close in as little as 10 days. Cash investors typically pay anywhere from 50% to 70% of market value.

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Title search Staging Closing costs Title 80

HomeLight

AUGUST 31, 2021

Plus, you’ll save money on things like commissions, repairs, and closing costs.”. Fast-forward to closing: Without a lender’s involvement, there will be no lender-ordered appraisal or loan processing period, which as of June 2021 averaged 51 days , according to a report from Ice Mortgage Technologies. Check their BBB rating.

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Proof of funds Investor Due diligence Closing 144

HomeLight

JULY 29, 2022

In the case of mortgage wire fraud, scammers impersonate the title company and send fraudulent wiring instructions via email for buyers to wire their down payment and closing costs to. If that happens, your funds could go MIA just as you need them to close. We do all the due diligence upfront,” he says.

Closing 103

Closing Purchase and sale agreement Title Home sale contingency 103

HomeLight

SEPTEMBER 13, 2022

Selling a house to a family member is typically a much quicker and simpler process than selling on the open market. There are several ways to receive an estimate of your home’s current market value. The traditional methods are to get an appraisal or have a real estate agent conduct a comparative market analysis (CMA).

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Purchase and sale agreement Title Title search Finance 91

HomeLight

DECEMBER 7, 2021

Unless there is an extraordinary exception, sellers will generally only get a copy of the inspection report if they paid for part of it, which can sometimes happen through shared closing costs. It’s all up to the buyer to perform due diligence. List of repair requests sent to seller . How a seller can respond.

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Inspection Purchase and sale agreement Pre-approval Closing 85

HomeLight

MARCH 16, 2023

We’ve gathered insights from real estate experts to create this guide for navigating Houston’s cash home buyer market so you can sell your property in as fast a time frame as you require. Receive your offer within a week and close in as little as 10 days. For local investors in the Houston area, the cash-for-homes market is heating up.

Sales 64

Sales Purchase and sale agreement Earnest money deposit Investor 64

HomeLight

SEPTEMBER 1, 2022

We can’t always predict what the future holds — let’s be honest, we probably didn’t see ourselves locked down because of a pandemic or foresee the crazy real estate market that followed. Median home prices in June 2022, however, are down 4% from May 2022, a sign of some market cooling. Research the market. City-specific options.

Earnest money deposit 89

Earnest money deposit VA loan FHA loan Loans 89

HomeLight

JULY 31, 2021

If the whole house has been renovated recently and the seller wants full market value, they’re typically better off working with an agent.”. Step 2: Research your local cash buyer market. This can save you time and money —a study we conducted found that on average, homeowners spend nearly $5,500 prepping their home for the market.

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Earnest money deposit Inspection Inspection contingency Proof of funds 98

The Close

DECEMBER 29, 2022

After all, great communication leads to closed deals. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. There is always a chance a sale might not go through, especially in today’s wild interest rate market. Assignment.

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Purchase and sale agreement Title Proof of funds Pre-approval 97