Marco Santarelli

AUGUST 5, 2022

In addition, the mortgage sector took action against loans that ballooned in size or were intended for borrowers to fail. 75% of subprime loans were adjustable-rate mortgages with low initial rates and a scheduled reset after two to three years. And only purchasers with a consistent, verifiable income may qualify for mortgages.

Marketing 106

Marketing Mortgages Lending Construction 106

HomeLight

NOVEMBER 30, 2022

Home improvement shows have popularized the concept of “flipping” houses, bringing this segment of the real estate industry into the living rooms of everyday Americans, even inspiring some to take on the challenge of buying a home needing TLC, updating the home with old-fashioned sweat equity, and selling for a nice profit. Rent or sell.

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House Flipping Inspection Investor Renovation 104

HomeLight

JULY 6, 2023

Financing contingency Sometimes called a mortgage contingency , this specifies that the deal hinges on the buyer securing their loan. Home sale contingency This contingency can arise when a buyer must sell their current home before buying yours. Closed”- Consider these listings sold. How does a listing status get changed?

MLS 98

MLS Backup offer Inspection contingency Purchase and sale agreement 98

HomeLight

APRIL 29, 2022

Whether you’re thinking about selling your home, borrowing from your home equity, or canceling private mortgage insurance (PMI) , it’s worth considering how to increase home value for an appraisal. If you’re selling your home to a buyer prequalified for a home loan, it’s important to prepare for the appraisal.

Equity 117

Equity Agents Construction As-is 117

HomeLight

JANUARY 19, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Remember that whatever you can do yourself — whether it’s a fresh coat of paint or scraping popcorn from the ceiling — builds sweat equity that will make you money when you sell.

House Flipping 101

House Flipping Inspection Renovation Finance 101

HomeLight

JULY 31, 2021

Equity is your friend. As you pay off your mortgage, you gain equity (that’s the portion of the home you own as opposed to what you still owe your lender) in your investment. And if you ever need to access that money down the road, you can leverage it through a home equity loan or line of credit. with an FHA loan.

Investor 96

Investor Equity Renovation Mortgages 96

HomeLight

FEBRUARY 9, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Donate recommends a hard money loan as the top financing strategy for flippers. Increases in construction costs could eat away at your flip’s profit, or put you in the red.

House Flipping 92

House Flipping Hard money loan Finance Investor 92

HomeLight

MARCH 10, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. According to Wise, putting in a little sweat equity on the interior work can improve your profit margin. “If Find a Buyer's Agent What is house flipping? Wise agrees.

House Flipping 95

House Flipping Renovation Investor Finance 95

HomeLight

FEBRUARY 24, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Remember that whatever you can do yourself — whether it’s a fresh coat of paint or scraping popcorn from the ceiling — builds sweat equity that will make you money when you sell.

House Flipping 99

House Flipping Renovation Investor Finance 99

HomeLight

OCTOBER 1, 2020

She was drawn to foreclosures because, “For me, having a house that has equity has always been important. Many homebuyers like buying and knowing that they have immediate equity, above and beyond the down payment, in the house. Christina Griffin is a top agent who’s listed and sold thousands of foreclosures in Florida.

Purchase and sale agreement 57

Purchase and sale agreement Banks Earnest money deposit Equity 57

HomeLight

FEBRUARY 24, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Remember that whatever you can do yourself — whether it’s a fresh coat of paint or scraping popcorn from the ceiling — builds sweat equity that will make you money when you sell.

House Flipping 80

House Flipping Renovation Investor Finance 80

HomeLight

MAY 23, 2022

Sellers must disclose any known issues related to wells, septic systems, and storage tanks, including: Well defects due to construction issues, improper closure or contamination. But if it’s 80 to 95 percent of what it should be, it could be a great house to put some sweat equity into.”. Wells, septic systems, storage tanks.

As-is 109

As-is Inspection Investor Closing costs 109

HomeLight

APRIL 29, 2021

A strong economy, reticent home sellers, and lagging new construction all contribute to a seller’s market. Too few resale homes for sale. With competing buyers and rising home prices, you could net more than what recent sales in your neighborhood suggest. A flood of homes for sale gives homebuyers more options to choose from.

Marketing 107

Marketing Sales Agents Construction 107