Hank Miller Team

DECEMBER 1, 2021

Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more. There are more buyers waiving due diligence and purchasing homes "as is" than ever before.

Inspection contingency 52

Inspection contingency Due diligence Seller disclosure Inspection 52

HomeLight

AUGUST 31, 2021

The associated contingencies , which come with additional risks for the seller, are where you’ll find most key distinctions between a cash offer and an offer backed by a mortgage loan. The most obvious contingency with an offer that requires financing is, of course, the financing itself. There’s no financing contingency.

Due diligence 77

Due diligence Inspection Pre-approval Pre-qualification 77

HomeLight

SEPTEMBER 1, 2020

Prices can be more difficult to negotiate on bank-owned properties for the reasons stated above, and also because any offers often have to be reviewed by several members of the bank, who all in turn have to answer to shareholders or investors. Make sure the offer includes any important contingencies, such as an inspection contingency.

Banks 78

Banks Inspection contingency Inspection FHA loan 78

HomeLight

OCTOBER 30, 2020

A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. Financing issues. Makes sense, right?

Closing 111

Closing Inspection contingency Title search Purchase and sale agreement 111

HomeLight

MARCH 13, 2023

We’ve gathered insights from top real estate agents and investors to create this guide navigating Orlando’s cash home buyer market so you can sell your property in as fast a timeframe as you require. But Orlando’s cooling real estate climate with interest rates that nearly doubled since last year has taken its toll on investor activity. “In

Sales 81

Sales Investor Due diligence Renovation 81

HomeLight

AUGUST 24, 2022

As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. 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. Todd Auslander.

As-is 98

As-is Inspection Investor Closing costs 98

HomeLight

MAY 28, 2021

However, it’s vital to do your due diligence before buying a home as-is to protect yourself or you might just end up wasting your investment on a money pit. A seller may lack the resources or finances to complete repairs at the moment and doesn’t want to have that contingency to sell the home.

As-is 71

As-is Inspection Title search Inspection contingency 71