Redfin

JUNE 21, 2023

Consider area potential and long-term equity gains Buying your first investment property doesn’t necessarily mean it will be where you reside. When considering where to purchase, you’ll want to think about a location’s potential and the possible long-term equity gains associated with the area.

Due diligence 56

Due diligence Earnest money deposit Investor Inspection 56

HomeLight

MARCH 13, 2023

As concrete foundations settle on sandy soil, houses may develop settlement cracks and other foundation issues. Airbnb owners get tired of paying management fees and dealing with customer complaints and negative ratings, but they have too little equity to sell the traditional way. Look for dumpsters, permit boxes, or contractor signs.

Sales 78

Sales Investor Due diligence Renovation 78

HomeLight

MARCH 13, 2023

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. Be on the lookout for vacant homes in your development that are undergoing renovations. New construction surge contributing to competition for buyers.

Sales 68

Sales Investor House Flipping Pre-approval 68

HomeLight

MARCH 13, 2023

The buyer does due diligence during the option period in California, which is typically one to 10 days. Although there are no required disclosures because the property is being sold as-is, there is an inspection period. When you sell your home for cash, you’re sacrificing your equity for speed and convenience.

Sales 88

Sales Purchase and sale agreement Due diligence Inspection 88

HomeLight

MARCH 16, 2023

You’ll get speed and convenience in exchange for some of the property’s equity,” says Naumann. The buyer does due diligence during the option period in Texas. The option period is the number of days the buyer has to thoroughly inspect the property and terminate the contract for any reason.

Sales 64

Sales Purchase and sale agreement Earnest money deposit Investor 64