The Close

FEBRUARY 14, 2024

Investments & Improvements Myth #6: Major Renovations Guarantee a Return on Investment Home tastes and styles change. Some clients may even ask if they should look into a HELOC for renovations. That’s most likely easier and faster than replacing an entire system or a big renovation. Let your sellers know your thoughts.

Pre-approval 98

Pre-approval Earnest money deposit MLS Renovation 98

HomeLight

JUNE 29, 2021

Your sale is more likely to close and close faster with a cash offer than with an offer that hinges on a mortgage approval. This means that the buyer has the funds to purchase the home in full. Cash offers are more likely to close and close faster than those backed by a lender. Financing contingency.

Inspection contingency 58

Inspection contingency Proof of funds Inspection Pre-approval 58

HomeLight

AUGUST 31, 2021

As a rising number of companies provide cash offers for homes and improve experiences for sellers with advanced technology, the idea that you don’t have to wait months to list and close on your house appeals to many stressed-out sellers. Plus, you’ll save money on things like commissions, repairs, and closing costs.”.

Proof of funds 144

Proof of funds Investor Due diligence Closing 144

HomeLight

MARCH 13, 2023

Receive your offer within a week and close in as little as 10 days. The benefit of cash offers for sellers is that these deals tend to close faster and have fewer risks , ” she explains. With the strong Florida sun shortening the lifespan of roofs and air conditioning systems, costly renovations may be necessary.

Sales 84

Sales Investor Due diligence Renovation 84

HomeLight

MARCH 13, 2023

Receive your offer within a week and close in as little as 10 days. Flexible closing date: While closing typically takes place faster with a cash buyer than with a traditional loan-backed sale, Speed points out that sellers may need to wait a little longer before closing. The buyer and seller sign the closing documents.

Sales 73

Sales Investor House Flipping Pre-approval 73

HomeLight

FEBRUARY 3, 2022

You’re waiting for showings, waiting for offers, waiting for your buyer to submit repair requests, and waiting on the lender for the clear to close.”. An all-cash offer removes this specific risk, creating a clearer path to closing. You can sell your house in almost any condition, and close in as few as 10 days. Andrew Robinson.

Pre-approval 102

Pre-approval Staging Agents Proof of funds 102

HomeLight

SEPTEMBER 30, 2020

Buyers with lower credit scores or lower down payments can sometimes get an FHA loan even if they can’t get approved for a conventional loan. HUD will also take care of some of the closing costs, up to 3% of the home’s purchase price. HUD homes are sometimes eligible for FHA 203(k) renovation mortgage loans. Pretty big perks!

Earnest money deposit 82

Earnest money deposit FHA loan Pre-approval Finance 82