HomeLight

AUGUST 16, 2021

“The second and really most important thing is you bring a contractor in with you to find out the cost of the repairs,” explains Joseph Baylis , a top-selling agent in the Trenton , New Jersey, area who has significant experience in short sales and REOs, and who specializes in dealing with investors.

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Banks Pre-qualification Investor Short sale 104

HomeLight

DECEMBER 30, 2021

This could include a tenant who doesn’t want to leave, easement or title issues, or in short sale or foreclosure situations. An easement or title issue could delay the home’s closing, and you may not want to buy a house if someone else has the right to access your property at any time (for example, to use a path for beach access).

Purchase and sale agreement 80

Purchase and sale agreement Title Short sale Closing 80

HomeLight

AUGUST 24, 2022

Closing dates are set at the seller’s discretion, and they can have cash in hand within 7 days. Closing costs: No closing fees for sellers. With Simple Sale, you can get an all-cash offer in as few as 48 hours and sell your home in as little as 10 days, skipping the months it can take to sell the traditional way.

Closing costs 81

Closing costs Purchase and sale agreement Closing Staging 81

HomeLight

MARCH 30, 2022

Although cash offers are typically discounted as a trade-off for the convenience of a quick closing— you can expect to get around 90%-95% of market value — you’ll save time and money on repairs, agent commissions, and closing costs. But proceed with caution and don’t sign any documents until you’ve done your due diligence.

Sales 99

Sales Investor Renovation Due diligence 99

HomeLight

MAY 27, 2021

Average closing costs in 2020 were $6,087, including prepaid taxes, according to ClosingCorp data. These costs vary widely by state, and you may be able to roll the closing costs into the loan — although that means paying interest on the closing cost amount for the life of the mortgage.

Loans 86

Loans Mortgages Title FHA loan 86

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. Problem: You didn’t budget for closing costs and are caught flat-footed.

Closing 104

Closing Purchase and sale agreement Title Home sale contingency 104

HomeLight

MAY 24, 2022

Michael Simpkins , a real estate agent in Florida who’s worked with 69% more single-family homes than the average agent in Apollo Beach , thinks that the advantage to paying cash over taking out a mortgage to buy a home is that you’ll save on closing costs. Everyone involved will need time to perform their due diligence.

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Purchase and sale agreement Closing Title search Title 107