Housing Wire

FEBRUARY 23, 2023

We’re also seeing interest in technology and solutions that support home equity lending. Our IDS business, for example, has a real foothold in the home equity space with its credit union clients. Uniform Instrument updates took center stage in 2022, and the 4506-T tax transcript is being phased out for the 4506-C in 2023.

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Due diligence Technology Loans Lending 384

HomeLight

JULY 12, 2022

Get cash fast: Unexpected expenses that pile up due to job loss, hospitalization, or even inflation might cause you to consider how to quickly convert your equity to cash , so you can relieve debt. Because they can close in as little as 10 days, online quote companies may be the solution to help protect your hard-earned equity.

Purchase and sale agreement 80

Purchase and sale agreement Investor Equity Closing 80

HomeLight

SEPTEMBER 1, 2020

Bank-owned homes may not be the best-staged or the most recently renovated. As you weigh your options, really take a close look at which of your top choices offers the best value overall and which one might allow for significant gains in sweat equity via easily implemented corrections. Step 2: Consider dealbreakers.

Banks 77

Banks Inspection contingency Inspection FHA loan 77

Realty Biz

SEPTEMBER 4, 2023

At this stage in my life I prefer hands-off real estate investing strategies. As publicly traded equities, they fall under the SEC’s regulation, which means these REITs must make a great deal of information public and transparent. Today I no longer pick individual stocks or invest without deep due diligence in real estate deals.

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Earnest money deposit Seller concession Investor Hard money loan 85

HomeLight

MARCH 13, 2023

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. The buyer does due diligence during the option period in Florida. Due diligence for a cash buyer is mostly title related.

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Sales Investor Due diligence Renovation 79

Realty Biz

MAY 24, 2021

At this stage in my life I prefer hands-off real estate investing strategies. As publicly traded equities, they fall under the SEC’s regulation, which means these REITs must make a great deal of information public and transparent. Today I no longer pick individual stocks or invest without deep due diligence in real estate deals.

Earnest money deposit 126

Earnest money deposit Seller concession Investor Hard money loan 126

HomeLight

SEPTEMBER 30, 2021

“The primary benefit of a foreclosure property is its condition and your ability to improve the condition of the property and build equity as a result.”. But again, understand that we’re not talking about a massive discount here — more like a modest savings and an opportunity to build equity as you improve the home.

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Banks Inspection Equity Investor 100

HomeLight

JULY 25, 2023

No repairs, no staging, no showings — and close in as little as 10 days. No repairs or home staging When you sell your home for cash to a house-buying company, you can skip the repairs and other preparations typically required when selling on the open market. You skip the preparations, repairs, and staging.

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Title search Staging Closing costs Title 81

HomeLight

JANUARY 5, 2022

Now you can skip the part where you stage, show, and market the house, which makes you want to do a little happy dance. For example, if you offer your friend a discount on your home – intentionally or not – it may be considered a “gift of equity” subject to gift taxes. If you ever decide to sell, please let me know.”.

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Pre-approval Purchase and sale agreement Title search Title 103

HomeLight

SEPTEMBER 13, 2022

The selling price will set the stage for how the transaction will be handled moving forward. If you wish to sell the home to your relative for less than its fair market value , then you’ll likely have to report the difference between the home’s value and the sale price as a gift of equity with the IRS (more on this later in the article).

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Purchase and sale agreement Title Title search Finance 91

HomeLight

AUGUST 24, 2022

There are plenty of reasons to have a real estate agent in your corner — visibility in the MLS , help with stagings and showings, assistance with negotiations and contracts, to name just a few — and now you can add sourcing a cash buyer to the list. Do your due diligence. Our network of experts shared some insider tips.

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Purchase and sale agreement Title search Proof of funds Title 102

HomeLight

AUGUST 24, 2022

Buyers are still going to do their inspection, they’re going to do their own due diligence and they are going to be paying their inspector. Preliminary offer: At this stage, some house buying companies will provide a preliminary offer that is subject to change after a house assessment. No staging. Todd Auslander.

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As-is Inspection Investor Closing costs 94

HomeLight

APRIL 14, 2023

If you need to sell your house fast in Miami, whether you’ve inherited a property, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. It doesn’t happen that way.”

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Sales Due diligence Agents Closing 80

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. Krueger says the due diligence period in Houston is typically 10 days for an agent-assisted sale.

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Sales Purchase and sale agreement Earnest money deposit Investor 65

HomeLight

AUGUST 31, 2020

So in other words, if you think about this, that pre-listing stage, I’m reverse engineering. I’m sure you guys did some due diligence prior to reaching out, maybe you went to Zillow or something of that nature. I’m giving you everything you need as a consumer that you are accustomed to. Aaron: Yeah.

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Pre-qualification Agents Due diligence As-is 94

HomeLight

MAY 17, 2021

So in other words, if you think about this, that pre-listing stage, I’m reverse engineering. I’m sure you guys did some due diligence prior to reaching out, maybe you went to Zillow or something of that nature. I’m giving you everything you need as a consumer that you are accustomed to. Aaron: Yeah.

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Pre-qualification Agents As-is Due diligence 59

HomeLight

SEPTEMBER 1, 2022

Forgivable Equity Builder Loan – Gives first-time homebuyers immediate equity of up to 10% of the purchase price of the home in the form of a loan. At this stage, you should get preapproved rather than prequalified. It’s important to do your due diligence when deciding what agent to hire.

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Earnest money deposit VA loan FHA loan Loans 89

HomeLight

APRIL 29, 2022

I told her, the market’s been so strong for so long; there’s still equity in that home,” Graham says. “If Most people let the buyers do their due diligence,” he says. Preliminary offer: At this stage, some house buying companies will provide a preliminary offer that is subject to change after a house assessment.

As-is 69

As-is Purchase and sale agreement Investor Inspection 69

HomeLight

OCTOBER 1, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Ohio real estate market and a steep rise in equity added extra incentive to maximize profits.

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MLS Pre-approval Agents Sales 88

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 Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. Put a voice to a name. Step 5: Review offer details and choose the best one.

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Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

OCTOBER 14, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Illinois real estate market and a steep rise in equity added extra incentive to maximize profits.

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MLS Agents Sales Mortgage pre-approval letter 70

HomeLight

NOVEMBER 23, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot West Virginia real estate market and a steep rise in equity added extra incentive to maximize profits.

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MLS Agents Sales Closing 79

The Close

DECEMBER 29, 2022

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Loans with less than 20% down often require buyers to pay private mortgage insurance until they reach a certain equity ratio. Due diligence period. Home equity conversion mortgage.

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Purchase and sale agreement Title Proof of funds Pre-approval 98

HomeLight

DECEMBER 8, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Washington State real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 84

MLS Agents Sales Closing 84

HomeLight

DECEMBER 6, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Oregon real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 81

MLS Agents Sales Inspection 81

HomeLight

DECEMBER 6, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot New Jersey real estate market and a steep rise in equity added extra incentive to maximize profits.

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Purchase and sale agreement MLS Pre-approval Agents 75

HomeLight

DECEMBER 13, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Virginia real estate market and a steep rise in equity added extra incentives to maximize profits.

Purchase and sale agreement 83

Purchase and sale agreement MLS Agents Sales 83