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Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes

HomeLight

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

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5 Legit We Buy Houses for Cash Companies in Colorado That Sellers Love

HomeLight

No repairs, no staging, no open houses. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Colorado. Get an offer in as few as 48 hours and close in as little as 10 days. If you accept the offer, you’ll both sign a contract and the closing process will begin.

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Selling to Florida Cash Home Buyers: Tips from Experts

HomeLight

A cash offer can lead to a speedier and lower hassle sale. Let’s review some of the top reasons to work with a cash home buyer in Florida: Faster time to close. Imagine you list your home for sale and attract a buyer right away who is also willing to offer a top price. Before signing an offer, ask for proof of funds.

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How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

turn four walls and a roof into money in the bank, without the need for inconvenient showings, nail-biting appraisals , or a 50-day closing. They look for motivated sellers who want to close quickly and avoid the potential complications of financing or sale contingencies, even if it means accepting a lower offer price,” he explains.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

After all, great communication leads to closed deals. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. This is when the seller signs over all rights and obligations related to a property to the buyer before the actual closing.