article thumbnail

The Process for Buying Land with Cash in 11 Simple Steps

HomeLight

If the land is near a conservation area or has endangered animals, construction work is often limited or outright restricted. First, the seller is likely to want to see proof of funds. Proof of funds should be on an official letterhead from the institution where your funds are.

Land 108
article thumbnail

Find Cash Home Buyers in Austin for a Fast, Simple Sale

HomeLight

These include: Out-of-state buyers flocking to Austin – particularly California sellers who cashed out the equity in their expensive homes and can afford to pay cash in Austin. New construction surge contributing to competition for buyers. Instead, however, he advises sellers to validate cash buyers for proof of funds.

Sales 70
Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Manage the Stress of Selling a House: 11 Helpful Tips

HomeLight

It’s also good practice to screen buyers for pre-approval or proof of funds before they view the home to cut back on useless showings. That way, they can go to market, extract the maximum equity from their home without worrying about where they’ll live. With advanced planning, new construction is another option. “If

article thumbnail

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

The Close

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Construction loan. Loans with less than 20% down often require buyers to pay private mortgage insurance until they reach a certain equity ratio. Home equity conversion mortgage.

article thumbnail

How to Sell a House By Owner in Chicago: A Windy City FSBO Guide

HomeLight

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Chicago real estate market and a steep rise in equity added extra incentive to maximize profits.

article thumbnail

How to Sell a House By Owner in Michigan: A Great Lakes State FSBO Guide

HomeLight

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Michigan real estate market and a steep rise in equity added extra incentive to maximize profits.

article thumbnail

How to Sell a House by Owner in South Carolina: A FSBO Guide

HomeLight

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot South Carolina real estate market and a steep rise in equity added extra incentive to maximize profits.