Redfin

JUNE 21, 2023

From relationship building to conducting due diligence, you’ll be equipped with the knowledge and strategies to enter the world of real estate investing and buy your first investment property with ease. Understanding and comparing mortgages, government-backed loans, and private financing can greatly impact your financial success.

Due diligence 57

Due diligence Earnest money deposit Investor Inspection 57

HomeLight

MARCH 13, 2023

The buyer does due diligence during the option period in California, which is typically one to 10 days. Whether you’re working with a local or online cash-buying company , a seller should perform due diligence when working with a cash buyer. The buyer runs the numbers and makes an offer.

Sales 91

Sales Purchase and sale agreement Due diligence Inspection 91

HomeLight

MARCH 13, 2023

As concrete foundations settle on sandy soil, houses may develop settlement cracks and other foundation issues. Joseph has encountered active military who recently purchased homes with a VA loan, but got orders to ship out only to find that their home hadn’t appreciated much in a short time.

Sales 81

Sales Investor Due diligence Renovation 81

HomeLight

MARCH 13, 2023

They may want to avoid the 6% interest rate of a loan by buying with cash. Flexible closing date: While closing typically takes place faster with a cash buyer than with a traditional loan-backed sale, Speed points out that sellers may need to wait a little longer before closing. No pre-qualifying for a loan.

Sales 70

Sales Investor House Flipping Pre-approval 70

HomeLight

MARCH 16, 2023

So you won’t be holding your breath until the buyer’s loan approval comes through or be on the hook for needed repairs discovered during the home inspection. The buyer does due diligence during the option period in Texas. But there is generally no due diligence period for a cash buyer.

Sales 66

Sales Purchase and sale agreement Earnest money deposit Investor 66