Redfin

JUNE 21, 2023

Lastly, establishing relationships with reputable contractors and property managers can streamline property renovations and day-to-day operations. Scott Jones, the economic development director for the city of Manor, Texas , proudly showcases his community as a shining example of a location’s potential.

Due diligence 55

Due diligence Earnest money deposit Investor Inspection 55

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. I get inspections on big-ticket items like the sewer and the foundation.

Sales 87

Sales Purchase and sale agreement Due diligence Inspection 87

HomeLight

MARCH 13, 2023

With the strong Florida sun shortening the lifespan of roofs and air conditioning systems, costly renovations may be necessary. A cash buyer relieves them of the headaches of renovating and listing the property. As concrete foundations settle on sandy soil, houses may develop settlement cracks and other foundation issues.

Sales 77

Sales Investor Due diligence Renovation 77

HomeLight

MARCH 13, 2023

The buyer does due diligence during the agreed-upon option period in Texas (the number of days the buyer has to thoroughly inspect the property and terminate the contract for any reason: typically one to 10 days). Drive around your neighborhood to find homes being renovated.

Sales 67

Sales Investor House Flipping Pre-approval 67

HomeLight

MARCH 16, 2023

They sign the lease just a couple of weeks after the home is renovated and ready for occupancy. He routinely works with multiple crews of contractors so he completes renovations at a lower cost and with fewer headaches than most homeowners. He adds that negotiations and home inspection issues could further reduce the price by 10%.

Sales 63

Sales Purchase and sale agreement Earnest money deposit Investor 63