Remove Development Remove Due diligence Remove Equity Remove Pre-qualification
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Buying REO Homes? Here’s What to Do — And What Not to Do — According to Experts

HomeLight

So how can you develop that skill that makes the pros so confident — and drives major return on investment? So find out who is listing the current REOs and work on developing a relationship with this person or company.”. Go to your county’s office and ask for the pre-foreclosure list ,” he says. But that’s only part of it.

Banks 104
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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. Department of Housing and Urban Development , a government agency first created by President Lyndon B.

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20 Home Search Apps that Aim to Help You Close the Deal

HomeLight

Type in your address on the site to estimate your home’s value, track equity, calculate potential home sale profit, and view local market trends. Mortgage websites and apps can help strengthen a buyer’s offer by preapproving them for a mortgage, as opposed to a pre-qualification. Mortgage portals.

Closing 89
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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. These mortgages were developed in the 1980s in an era of double-digit interest rates when borrowers were hopeful that the rates wouldn’t rise much more. Due diligence period.