HomeLight

OCTOBER 5, 2020

But, as we’ll discuss below, the home’s current condition might set it apart from other comparable homes in the area, dragging its value down until it’s been renovated or repaired.). A home equity loan or line of credit. A lien due to unpaid taxes. A lien due to unpaid HOA (homeowners association) costs.

Due diligence 54

Due diligence Earnest money deposit Banks Inspection 54

HomeLight

MARCH 13, 2023

With the strong Florida sun shortening the lifespan of roofs and air conditioning systems, costly renovations may be necessary. Most sellers approach Joseph because their home did not sell after several months on the open market due to outdated decor, major structural issues, or fire damage. For a rental, not as much,” explains Joseph.

Sales 81

Sales Investor Due diligence Renovation 81

HomeLight

FEBRUARY 14, 2022

Though it’s true that most sellers would rather finalize the transaction as quickly as possible once they’ve accepted a purchase offer , not everyone is in a hurry to relocate or collect equity. Obtain a title report to see how long the seller has owned the property — the longer they’ve owned the property, the more equity they have.”.

Purchase and sale agreement 84

Purchase and sale agreement Due diligence Finance Equity 84

HomeLight

AUGUST 24, 2022

Do your due diligence. These buyers typically have more cash on hand — or more equity in their primary homes up North — which enables them to purchase a Florida home without having to obtain financing. The buyer runs a title search on the property. Property investors.

Purchase and sale agreement 105

Purchase and sale agreement Title search Proof of funds Title 105

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. You’ll get speed and convenience in exchange for some of the property’s equity,” says Naumann.

Sales 66

Sales Purchase and sale agreement Earnest money deposit Investor 66

HomeLight

JULY 31, 2021

Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In They can purchase a property at a discount, providing value through a quick sale to the owner, and leverage their funds and expertise toward a profitable renovation. In need of renovations or updates.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98