Remove Closing Remove Hard money loan Remove Inspection Remove MLS
article thumbnail

A 2023 Guide to Flipping Houses in California: 5 Cities to Consider

HomeLight

Even if something went wrong, you likely wouldn’t end up losing money. If you need to finance the home with a mortgage, there are a few options you should consider: Hard money loans : These are loans from private lenders for short periods of time — they can come with higher interest rates and can be risky for inexperienced investors.

article thumbnail

A 2023 Guide to Flipping Houses in Georgia: 5 Cities to Consider

HomeLight

Chandie Hupman Real Estate Agent Close Chandie Hupman Real Estate Agent at Keller Williams Realty 5.0 An inspection might cost a few hundred dollars, but a $400 inspection can keep you away from a $10,000 or $20,000 problem,” he says. Check licenses and references before signing any contracts.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Flipping Houses in Massachusetts: 5 Cities to Consider

HomeLight

I never recommend that someone skip a home inspection. If a buyer chooses not to, we have them sign a release stating that we advised them to have a home inspection and they waived it. Real Estate Agent Close Byron R Ford, Jr. I never recommend that someone skip a home inspection. Byron R Ford, Jr.

article thumbnail

How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

You’re reading through a new MLS listing, and you believe you found your ideal home. For example, a homeowner and lender agree to sell a house for $200,000 even though there is a balance of $250,000 on the mortgage loan. Short sales can typically be found through the MLS database or your buyer’s agent. Pre-foreclosure.

article thumbnail

Flipping Houses in Ohio? 5 Cities to Consider

HomeLight

Heidi jenkins Real Estate Agent Close Heidi jenkins Real Estate Agent at serenity Realty 5.0 Even if something went wrong, you likely wouldn’t end up losing money. Once you win your bid on the appropriate home, it’s absolutely crucial that you get a home inspection and an appraisal. Akron’s median home value is $119,145 , up 12.3%

article thumbnail

How do Foreclosure Auctions Work? How to Find Properties, Research, and Bid

HomeLight

With an online type option, you’re having a normal closing,” says Durham. An online option like a real estate owned (REO) property, you’re not spending any money into it,” says Durham. You’re not spending any money into it until after you’re under contract and based on your inspection.”.

article thumbnail

Flipping Houses in Texas: 5 Cities to Consider

HomeLight

Jeremy Larsen Real Estate Agent Close Jeremy Larsen Real Estate Agent at Berkshire Hathaway HomeServices, PenFed Realty Texas 5.0 Even if something went wrong, you likely wouldn’t end up losing money. Once you win your bid, it’s absolutely crucial that you get a home inspection and an appraisal.