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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction). No problem!

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What Is a Co-Op? The Pros and Cons of Housing Cooperatives

Redfin

Co-ops also own the land under the building(s). Within the unit, residents are often required to submit renovation plans to the board for approval. Sometimes even minor renovations are subject to approval, especially in historic buildings. . They also typically have lower closing costs. .

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The Ultimate Guide to Buying a House in Colorado

Redfin

Colorado, the land of breathtaking natural beauty and endless outdoor adventures, is a wonderful place to call home. Additionally, it’s important to review your credit report and score, as these can impact your ability to get approved for a mortgage and affect your interest rate. Are house prices in Colorado dropping?

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What Is the Cost to Sell a House in Chicago?

HomeLight

The total cost to sell a house in Chicago depends on your specific situation. Closing costs. Many factors influence the cost of prepping your home for sale. Pre-listing inspection: $279-$400 , if desired or needed. We estimate that the average cost for you to prepare your home for sale in Chicago is $7,300.

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Find Cash Home Buyers in Los Angeles for a Fast, Simple Sale

HomeLight

This includes the time it takes to sell the property, taxes on the property during the holding period, any necessary services (such as routine pool service), and costs associated with selling the remodeled property, such as closing costs and real estate agent commissions. You can typically sell your house in as few as 10 days.

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Wait! Read This Before You Sell Your House for Cash

HomeLight

Plus, you’ll save money on things like commissions, repairs, and closing costs.”. Whether a small mom-and-pop operation or a larger business, flippers buy homes — often in poorer condition and at a lower price — with the intention of renovating them and reselling them for more. Lower-maintenance sale.

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Welcome to The Pass: Your Guide to Buying a House in El Paso

HomeLight

We created this guide to give you the lay of the land and help you navigate potential pitfalls, so you’re as ready as you can be to buy a house in El Paso. These numbers will help immensely as you start the process of getting pre-approved for a mortgage. Source: (Mackenzie Freemire / Death to Stock). Know your budget.