CT Homes

MARCH 8, 2021

Should you get a rental property inspection before signing a lease? A home inspection is the norm when you buy property, but they’re virtually unheard of for renters. If you ask for a rental property inspection before signing a lease, are you just being a pain, or are you making a smart decision? Is that a big mistake?

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Realty Biz

JANUARY 25, 2023

Research and Due Diligence Before making an offer on a property, it is important to do your research and due diligence. This includes researching the local housing market, inspecting the property, and reviewing the property's financial history.

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Housing Wire

NOVEMBER 22, 2023

As we’re implementing technology, we always try to think of things that are going to improve the experience for all stakeholders: homeowners, real estate agents, investors, rating agencies, appraisers, loan officers, mortgage brokers. Everybody is affected by the appraisal process.

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Lighter Side of Real Estate

OCTOBER 5, 2022

And with mortgage rates now in the 6-7% range, many buyers feel punished for waiting and regret not buying sooner. Not able to thoroughly research the house they were buying, or do inspections. It could become harder to get a mortgage – Whether or not we’re currently in a recession is subject to debate.

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HomeLight

MARCH 7, 2024

Contingencies: Conditions that must be met for the sale to proceed, such as home inspections, financing approval, and the sale of the buyer’s current home. Closing and possession dates: When the sale will officially close and when the buyer can take possession of the property.

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Marco Santarelli

APRIL 9, 2024

You must do your due diligence before stepping in, which includes property inspection, real estate comps, maintenance expenses, property taxes property protection, etc. The losses add up more if you have bought the rental property through a mortgage. You may ask.

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Realty Biz

OCTOBER 5, 2022

If the interest rate is likely to go up later (balloon payment or adjustable mortgage), run the numbers for the worst-case scenario before committing to the loan. Also, there is no substitute for your own due diligence. Due proper due diligence. Always get a professional inspection of the property.

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HomeLight

FEBRUARY 29, 2024

A cash buyer with the necessary funds can directly purchase your home without the delays of mortgage approvals. Acceptance of this offer leads to a swift closing, bypassing common holdups like loan approvals or home inspections. Here are the three easy steps in the Simple Sale process: Who else buys houses for cash in Spokane?

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HomeLight

AUGUST 31, 2021

A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. The inspection. The appraisal.

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Realty Biz

DECEMBER 15, 2023

Property Condition And Repairs Assessing the property's condition is fundamental to the due diligence process. Remember, a thorough inspection ensures your property's immediate profitability and safeguards against future maintenance surprises.

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HomeLight

JUNE 18, 2021

Many buyers tend to budget for their monthly mortgage payment and their down payment , but closing costs need to be considered in the equation as well. Others, such as origination fees and interest, are directly related to obtaining a mortgage. Mortgage loan costs. Mortgage broker fee. We’re going to find out.

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Redfin

JUNE 21, 2023

From relationship building to conducting due diligence, you’ll be equipped with the knowledge and strategies to enter the world of real estate investing and buy your first investment property with ease. Understanding and comparing mortgages, government-backed loans, and private financing can greatly impact your financial success.

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Realtor.com

AUGUST 13, 2020

Step 1: Getting mortgage pre-approval. If problems crop up—with the home inspection, appraisal, mortgage, or other things—then the real estate buying process could take even longer. Step 1: Get pre-approved for a mortgage. Keep in mind that mortgage pre-approval is different than mortgage pre-qualification).

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Toronto Realty Blog

JUNE 2, 2021

They would be conditional on a lawyer’s review, a home inspection commissioned by the buyer (but paid for by the government…), satisfactory and guaranteed mortgage financing, a catch-all for unfettered “due diligence,” and a mandated ten-day cooling-off period where the buyer can change his or her mind for any reason.

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Point2Homes

DECEMBER 7, 2020

If your ability to afford the mortgage payments on the home you want to buy is causing you concern, buying a foreclosure home may make a lot of sense. If a homeowner fails to keep up with their mortgage payments, the lender can begin foreclosure proceedings, and the sale of foreclosed homes can sometimes be a bargain to home buyers.

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Point2Homes

JANUARY 31, 2023

With a budget in place, your next step should be to get pre-approved for a mortgage. For example, it’s common for real estate offers to be contingent on the results of the home inspection and appraisal , as well as whether the buyer is able to secure financing or not. Stick to the essentials— home inspection , financing, etc.—and

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RIS Media

APRIL 18, 2022

Buyers are waiving a home inspection. Getting rid of the mortgage financing clause in their offer. Get pre-approved for a mortgage. Before making an offer on a property, it’s important to have pre-approval for a mortgage. Your agent can help you get pre-approved for a mortgage in the current market.

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Realty Biz

JULY 25, 2022

When you are buying a home there are three types of properties that need more research and due diligence. Types of Properties With More Required Due Diligence. Short Sales Require Patience and Due Diligence. If a homeowner is no longer able to pay their monthly mortgage, they will often fall into arrears.

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Realty Biz

FEBRUARY 20, 2021

Home inspection: often called a due diligence contingency, will give the buyer rights to have the house inspected. Most buyers will have a home inspection contingency in their contract. Unless a buyer is paying cash, the mortgage contingency clause is almost always found in a purchase and sale agreement.

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HomeLight

AUGUST 31, 2021

Negotiations and inspections may be nearly finished, but now there’s a laundry list of things to do, and even more to keep track of. Apply for your mortgage. You’ve — hopefully — been in contact with a lender, so this next step should just be finalizing your mortgage application. Order an inspection. Order an appraisal.

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Realty Biz

DECEMBER 15, 2021

Many public records can be checked to determine ownership, these include: Property deeds Mortgage documents Property tax records Legal documents Bankruptcy court records County land records Probate information. An inspection. Inspecting the lot could reveal encroachments or signs of easements that may not be recorded in the documents.

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HomeLight

OCTOBER 29, 2021

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. Source: (Call Me Fred / Unsplash).

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Realty Biz

APRIL 17, 2023

Home Inspection Results Buyers unsatisfied with the home inspection results can terminate the real estate transaction and get their earnest money refunded. A home inspection is an essential step in the home-buying process as it helps identify potential issues with the property.

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McKissock

JANUARY 18, 2022

Dale Schaechterle, the founding partner and CEO at Realty Executives Integrity , shares with Forbes that the services of a good real estate agent are essential for a first-time home buyer given the complicated network of mortgage rates and tax laws that they will have to navigate. Explain About Closing.

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CT Homes

DECEMBER 14, 2023

These are individuals or entities that purchase homes outright, without the need for mortgage approvals or lending institutions. While “we buy houses any condition” services can be incredibly beneficial, it’s essential to do your due diligence. Learn more about CT Homes’ simple as-is cash offers today!

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Rent, Buy & Sell

JUNE 11, 2021

You’ll be expected to repair any issues after the home inspection process. Selling With an Upside Down Mortgage. If you still owe more on your mortgage than you have in equity, you’ll sell when you’re upside down on your mortgage. After that, you’ll need to consider potential repairs.

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Realty Biz

NOVEMBER 6, 2020

If the interest rate is likely to go up later (balloon payment or adjustable mortgage), run the numbers for the worst-case scenario before committing to the loan. Also, there is no substitute for your own due diligence. Due proper due diligence. Always get a professional inspection of the property.

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Redfin

DECEMBER 18, 2023

After navigating through the phases of house hunting, making the offer, securing a mortgage, finally closing the deal, you might be wondering what happens next, besides moving in. This is because securing homeowners insurance is a standard requirement for obtaining a mortgage.

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Realty Biz

NOVEMBER 11, 2020

Home Inspection Contingency. Home inspections are one of the biggest hurdles in home sales. It is not uncommon for a home to go from being market “contingent” to “back on the market” because of some issues discovered from the home inspection. The Mortgage Financing Contingency.

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HomeLight

JUNE 19, 2023

In addition, you’ll want to have any inspections , appraisals , and testing done prior to signing the contract. So whether you’re looking at a lease purchase or a lease option, it’s best to do your due diligence before getting too far. Sit down with your mortgage specialist. Now is the time to implement it.

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Hank Miller Team

FEBRUARY 27, 2022

The average mortgage rate is a good 1 higher than twelve months ago, with an expected 3-5 Fed rate bumps over '22. It's a beauty contest and the most appealing offers are getting selected. Home buyers are rushing to buy ahead of additional rate and/or rent increases, some will be trapped on the hamster wheel of renting.

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Realty Biz

OCTOBER 26, 2022

There are some real estate sites that specialize in properties where the owners have missed mortgage payments. Having a professional home inspection could be money well worth spending. Having a professional home inspection could be money well worth spending. It is a type of property that requires more due diligence than others.

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HomeLight

DECEMBER 31, 2020

Things that could derail a sale during the sale pending period include: The home inspection. Most buyers will add a number of contingencies to the contract, such as the home inspection, appraisal, and financing contingency. You’re not entitled to see the full inspection report. The property appraisal.

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Point2Homes

SEPTEMBER 30, 2021

Not having to wait on all the mortgage-related documentation alone can be a real time saver. Similarly, be cautious of buyers who refuse to work with a title company or using a notary to formalize the deed of sale and who are suspiciously pushy about getting your signature on the contract. Cash Purchases.

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HomeLight

OCTOBER 5, 2020

The lender that’s trying to collect on the defaulted mortgage will order an appraisal on the home to determine its worth. An auction price will depend partly on what the owner still owed on the previous owner’s mortgage. Those other claims might include: A second mortgage on the home. A lien due to unpaid taxes.

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HomeLight

AUGUST 27, 2021

Or if the inspector uncovers a mold-related issue during the inspection? If you’re dealing with a larger mold issue, it may be time to acquire professional help with inspecting and cleaning the home. A mold inspection could be helpful if you want to see the extent of the growth and find the source of the mold.

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HomeLight

SEPTEMBER 30, 2020

The purpose of the foreclosure auction is to recoup money for missed mortgage payments or tax liens. The title’s been checked out, you can go inside the house and look at it and do all your due diligence. With the courthouse steps [auction], you literally do no due diligence.”.

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