Remove Construction Remove Due diligence Remove Inspection Remove Short sale
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Hit Them With Your Best Shot: How Much to Offer on a Short Sale

HomeLight

But what if it’s a different kind of sale … for example, how much should you offer on a short sale? Enter the short sale : a solution for the seller, and a special opportunity for a buyer. What’s a short sale? Short sales are unique because they require the approval of the seller’s lender.

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5 of the Top We Buy Houses For Cash Companies in New Jersey

HomeLight

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. After closing, Halo Redevelopment, the construction branch of their business, comes in to rehab the property. Sale timeline. Inspections / repairs. 7 to 30 days. Home preparations.

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How to Buy a House at Auction: A Guide for Foreclosure Newbies

HomeLight

But this isn’t a time to skip your due diligence — be sure that you fully understand the rules of the auction and what the payment terms are if you’re the successful bidder. Tax, construction, or homeowner’s association liens may follow the home or even inhibit the sale entirely. Understand the fine print.

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How to Connect with Cash Home Buyers in San Antonio

HomeLight

Working with a cash buyer could help you overcome these common selling setbacks in San Antonio: Surge in new home construction. The amount of new construction may create a challenge for some sellers, particularly if their property needs some work. Building is seeing a boom in San Antonio. Hot climate.

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Flipping Houses in New York: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. You don’t have a great chance to do an inspection or have the utilities turned on. Procopio says the biggest mistake flippers make is not doing their due diligence.

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

The Close

.” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection.

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Miami Real Estate Market & Investment Overview 2020

Marco Santarelli

percent of close sales were distressed sales. Yet total Miami distressed sales and short sales fell. The condo glut has already caused new listings of condos to fall, and new construction of them is at a standstill. The supply of single-family houses is slowly growing due to high demand. in 2021.

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