Development Inspection Proof of funds Renovation 
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.
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). Instead, however, he advises sellers to validate cash buyers for proof of funds. No pre-qualifying for a loan.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
HomeLight
SEPTEMBER 30, 2020
The name comes from the US Department of Housing and Urban Development (HUD). HUD homes are sometimes eligible for FHA 203(k) renovation mortgage loans. You’ll either need a mortgage or cash (with proof of funds). It’s wise to also have a contractor submit bids for repairs after receiving your inspection report.
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%.
HomeLight
DECEMBER 14, 2021
Sight-unseen offers from buyers have increased in recent years due to the development of virtual tours, video listings, and digital walkthroughs. According to a survey of over 2,000 adults from Coldwell Banker, 80% of Americans say they would prefer to buy a move-in ready home over one that requires renovations. Needs a little work.
Expert insights. Personalized for you.
77 
Let's personalize your content