article thumbnail

How Does an Appraisal Gap Coverage Clause Work

Realty Biz

In the current real estate market, many property buyers choose to finance their purchases. However, with the current market heavily favoring sellers, quite a few buyers who would otherwise be taking out a mortgage are paying cash. Doing so will satisfy the lender and allow the sale to proceed. 400,000 vs. $384,000.

article thumbnail

How to Sell a House by Owner in Texas

HomeLight

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. That 6% is deducted from the seller’s proceeds at closing.

Insiders

Sign Up for our Newsletter

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

article thumbnail

7 of the Top We Buy Houses for Cash Companies in Phoenix

HomeLight

Perhaps you need a fast home sale to start a new job. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer within a week and close in as little as 10 days. They usually present a take-it-or-leave-it sale price. Website: azhomebuyer.com.

article thumbnail

6 of the Top We Buy Houses for Cash Companies in Fort Worth

HomeLight

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer within a week and close in as little as 10 days. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract.

article thumbnail

Land of the First Boardwalk: Down Payment Assistance in New Jersey

HomeLight

The amount varies, but it is usually based on a percentage of the home’s purchase price. William Hagan , a New Jersey agent who typically sells homes more than 40% faster than the average agent in his area, warns that even a 20% down payment may not be enough to win a bidding war in the 2021 sales market. “In

Land 92
article thumbnail

6 of the Top We Buy Houses for Cash Companies in Dallas

HomeLight

HomeLight’s Simple Sale platform provides all-cash offers for homes nationwide, including in Dallas. We Buy Houses companies in Dallas typically promise to give home sellers quick, convenient all-cash offers, and exceptionally speedy closings, often wrapping up the property sale in as few as seven days. Phone: (844) 488-8455.

article thumbnail

Selling a House ‘As Is’ in North Carolina

HomeLight

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. Median sales price in North Carolina. Average days on market for North Carolina. 23 days (from listing to contract). Sell 'As Is' With a Cash Offer.

As-is 87