Realty Biz

MARCH 19, 2022

Additionally, they will successfully navigate through negotiations, due diligence, and closing. For example, in neighborhood developments, there’s likely an HOA that dictates the rules in the area. Do: Have Your Finances in Order. Do: Consider Other Restrictions.

Land 83

Land Sales Proof of funds Due diligence 83

HomeLight

MARCH 13, 2023

Insurance companies may not insure homes with aluminum wiring or Federal Pacific Stab-Lok electrical panels due to the greater risk of fire. You are either replumbing the house, rewiring the house, or putting a new roof on the house prior to closing so that a financed buyer can get insurance.

Sales 87

Sales Investor Due diligence Renovation 87

HomeLight

MARCH 13, 2023

You don’t have to deal with negotiating offers, low appraisals, or the risk of a buyer’s financing falling through. Instead, however, he advises sellers to validate cash buyers for proof of funds. Be on the lookout for vacant homes in your development that are undergoing renovations. No pre-qualifying for a loan.

Sales 75

Sales Investor House Flipping Pre-approval 75

HomeLight

MARCH 16, 2023

You don’t need the added stress that comes with the risk of the buyer’s financing falling through or a home inspection turning up unpleasant surprises. Less hassle: You won’t need to worry about showings, open houses, fielding offers, negotiating, low appraisals, or the risk of the buyer’s financing falling through.

Sales 70

Sales Purchase and sale agreement Earnest money deposit Investor 70

The Close

DECEMBER 29, 2022

A short-term loan that covers the cost to build a property until the owner can secure long-term financing. 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. Cost of funds index (COFI). Due diligence period.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98