HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer within a week and close in as little as 10 days. In this article, we explain how to find and sell to a Los Angeles area cash home buyer.

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Sales Purchase and sale agreement Due diligence Inspection 93

RIS Media

OCTOBER 14, 2020

If you agree to a sale price that’s less than the appraised value, you’ll have to pay the difference out of pocket. That may be a struggle if you’re already strapped by a down payment, closing costs and moving expenses. Lack of Equity. How to Approach the Home-Buying Process.

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HomeLight

OCTOBER 25, 2021

“In the right scenario, yes,” it may make sense to sell to your renter, says AJ Petterson with The Advisory Realty Group , a high performance real estate team in Minneapolis that also specializes in Townhome sales. As is advisable in any home sale, work with a top real estate agent to evaluate the strength of your renter’s offer.

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Broke Agent Media

MAY 16, 2023

After all, the harder it is to buy a home, the more difficult it is for buyer-sellers to move ahead with a sale. It’s also true that, while both sides do share some concerns, buyers and sellers generally approach a home purchase/sale with a different set of objectives. Source: Opendoor Across the U.S.,

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HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

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HomeLight

APRIL 14, 2023

But even though the monthly mortgage payments fit into your budget, you’re concerned about coming up with enough cash for a myriad of closing costs in addition to the down payment. Find a Buyer's Agent What are closing costs? Some of these costs, such as property taxes and insurance, apply to homeownership in general.

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Realty Biz

OCTOBER 4, 2022

Rent-to-own is a contract between the homeowner and the buyer that sets aside a certain percentage of rent towards an agreed-upon home purchase price. Under these agreements, the buyer pays a slightly higher-than-average rental price as well as a one-time option fee between 3% and 7% of the total home price. Mortgage Pros and Cons.

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HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. Check your equity to get started. As a military member selling a house, the options available to you depend on your equity , which is the percent of your home that you own outright. VA-backed mortgage as marketing.

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HomeLight

JANUARY 10, 2023

With such impressive sales figures, some sellers may be curious about how to sell a house by owner in California — a decision that could help them save on agent commissions. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Fast Fasts for Selling a House in California.

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HomeLight

AUGUST 16, 2021

Plus, if you do decide to take the leap, you’ll be ready to tackle your home purchase like a pro. Some savings you can use toward a down payment and closing costs? Are you open to doing some sweat equity in the beginning?” Estimate your down payment and closing costs. 42 steps to buying a house. she prompts.

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HomeLight

JULY 31, 2020

Real estate purchases made entirely with cash are rumored to create big benefits for homebuyers. With the help of Brad Graves , a top real estate agent in San Antonio, Texas , and some recent national home purchase data, we’ll examine the pros and cons of all-cash offers. Pro #3: Quick, streamlined closing.

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HomeLight

AUGUST 10, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Chicago. Get an offer in as few as 48 hours and close in as little as 10 days. Diamond Equity Investments. This cash homebuying company guarantees a fast and convenient closing. Request Offer.

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Realty Biz

JULY 11, 2022

When you set out to purchase a home as buyer you will eventually find a property you love. At that point, you’ll sit down and construct on offer to purchase. The offer will spell out all of the common terms and conditions such as the offer amount, what you’re financing, any contingencies, and the closing date.

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HomeLight

JULY 12, 2022

If you are thinking about selling your home, those low-hassle, convenient, fast-sale pitches may pique your interest. You may be curious about getting an online quote for the sale of your home. These buyers will provide an online quote to purchase your home—often sight-unseen. Like you, they thought there had to be a catch.

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HomeLight

JUNE 28, 2021

When you purchase a home using a mortgage, you’ll have to meet the lender’s debt-to-income — or DTI — requirements. Most homebuyers need to put something down to purchase a home. Do you have money for closing costs? It’s not uncommon to have closing costs that add up to 2% to 5% of your loan amount.

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Redfin

JANUARY 25, 2021

When you purchase a house that ends up in need of a major repair, you could take a significant financial hit. The inspection contingency can protect you from purchasing a poor property investment because it allows you to back out of the deal if a major issue is discovered. 4) Home sale contingency. 2) Appraisal contingency.

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HomeLight

APRIL 29, 2022

People searching for a home can also browse Offerpad-owned listings and work with one of the company’s transaction managers to make a purchase. When selling to Offerpad, you skip many of the typical hassles associated with listing a home for sale, such as staging, showings, and open houses. What is Offerpad?

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HomeLight

JUNE 13, 2022

You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought. Let’s dive right in! Why rent to own?

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Purchase and sale agreement Loans Inspection Closing costs 110

HomeLight

DECEMBER 30, 2021

Taking on a mortgage is no casual agreement — which is why the loan qualification process is so stringent — but you’ll nearly always have options. Homeowners who sell their home while still holding a mortgage will pay it off with the proceeds of the sale — even if they end up taking on a new loan with the purchase of another property.

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HomeLight

MAY 3, 2023

But in focusing on the equity portion, people are often surprised to learn how much it costs to sell a house in the U.S. Selling fee Typical % of sale price Real estate agent commission 5.8% of the property sales price. Renting a dumpster costs $381 on average. Money is always top of mind when selling a house.

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HomeLight

AUGUST 16, 2021

And you’ll also need to check with your landlord and leasing agreement to make sure renting your apartment is permitted in the first place (many leases prohibit subletting). Insisting upon a signed and notarized legal rental agreement. Consider a master lease agreement. A few tips: Remove valuable items to another location.

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HomeLight

MARCH 31, 2021

With rent-to-own homes , you get to try the home on for size while holding the door open to purchasing the home later. This method of buying a home can be more complicated than a straightforward home purchase, and it’s not a widely used technique. Source: (LinkedIn Sales Solutions / Unsplash). If so, consider the offer.

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Purchase and sale agreement Closing costs Equity Loans 93

HomeLight

SEPTEMBER 27, 2022

In cities with hot housing markets and real estate inventory shortages, homeowners are receiving unsolicited offers to buy their homes from investors, wholesalers, and house flippers who purchase homes at a discount and sell them for a profit to another buyer. Some cash buyers offer to buy homes at no cost to you. Beware of scams.

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HomeLight

AUGUST 9, 2022

It’s the first financial move you’ll make in securing your new home purchase. Since a down payment is, as the term suggests, the amount of money you’re putting down on the purchase of your home, your mortgage lender will need to see proof of these funds fairly early on in the approval process. Don’t forget about closing costs.

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HomeLight

MARCH 31, 2022

As housing prices skyrocket, many homeowners are considering ways to turn their growing home equity into cash. If you’re one of the 6 million Americans projected to sell a home this year, you may be trying to figure out exactly how much of that increasing equity will end up in your pocket after all is said and done. Sales price.

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HomeLight

JULY 29, 2022

If you’re in this demographic and looking for a house in retirement, chances are your priorities have changed from when you purchased your first home. Building equity. Building equity , or increasing your home’s value minus the amount you owe on it, is something every homeowner strives for. Maintenance and repairs.

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HomeLight

JULY 25, 2022

JoAnn and her business partner and husband, Thomas “Tom” Jacobs, have sold real estate in Tallahassee, Florida, for more than 24 years and have completed the sale of 100% of their listings. Sellers are interested in listing their home ‘as is’ because they want a sale with an easy transaction and a lot less hassle,” says Tom.

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Marco Santarelli

JUNE 25, 2021

Purchase Money Mortgage/Seller Financing. However, with a purchase money mortgage, the seller extends finances to the buyer. The excess rental fee will then be channeled towards the purchase price. With this type of agreement, the investor is able to purchase an investment real estate using a slightly higher rental fee.

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Purchase and sale agreement Hard money loan Equity Investor 133

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Receive your offer within a week and close in as little as 10 days.

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HomeLight

DECEMBER 10, 2021

Just how much do you stand to lose if you list your home as an as-is sale ? When selling your house as is, the buyer purchases the home with the understanding that the seller chooses not to make any repairs or improvements. Also, an as-is sale doesn’t preclude the buyer from inspecting the property. Your buyer.

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HomeLight

NOVEMBER 29, 2021

If you’re considering a rent-to-own house, you need to have a clear understanding of how these contracts work — they’re a little bit different from both a typical rental contract and a typical home purchase contract. When the future purchase price is set. Lease option vs. lease purchase. Term lengths. Option fee.

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Purchase and sale agreement FHA loan Loans VA loan 101

HomeLight

AUGUST 12, 2022

On the flip side, some buyers in today’s seller’s market are trying so hard to compete that they submit an as-is offer indicating their willingness to purchase the property without expecting the seller to make changes. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition.

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HomeLight

SEPTEMBER 13, 2022

If the IRS decides to audit the transaction, then you’ll have documentation to prove your home’s fair market value at the time of the sale. AVMs use publicly available data and recent sales records to generate a value range based on the current market conditions. Sign a purchase agreement. Closing timeline.

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HomeLight

APRIL 19, 2021

If you’ve lived in your home for years, purchasing a second home and renting out the first could be a viable option. You get the mortgage benefits of purchasing a home that will be owner-occupied, such as lower interest rates and less strict down payment requirements. Cost and return. Cost and return.

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HomeLight

NOVEMBER 29, 2021

A down payment is money that a buyer will pay at closing, usually expressed as a percentage of the home’s total purchase price. You always want to make sure that you have money left over so you’re not house poor and can afford not only repairs, but closing costs, homeowners insurance , and property taxes.

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HomeLight

DECEMBER 1, 2021

We also connected with HomeLight Home Loans Mortgage Sales Leader Richie Helali, who offered an insider’s look at mortgage options that could help you hold on to your home — or let it go without falling into foreclosure. Here’s when you may want to reconsider — or at least carefully weigh the consequences of — a home sale.

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HomeLight

APRIL 29, 2022

“Some people have a lot more time and energy to engage and make the best of the sale, and some people don’t,” says George Graham , a top real estate agent in the Seattle, Washington, area. An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds.

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