HomeLight

OCTOBER 30, 2020

Maybe you aren’t using a loan, but you can still run into cash flow issues. Real estate contract contingencies are commonly associated with getting a mortgage, as lenders tend to do their due diligence on a property before they’ll put up the money for it. The title isn’t clear. “Wait a minute,” you’re probably thinking.

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Closing Inspection contingency Title search Purchase and sale agreement 112

HomeLight

AUGUST 31, 2021

Fast-forward to closing: Without a lender’s involvement, there will be no lender-ordered appraisal or loan processing period, which as of June 2021 averaged 51 days , according to a report from Ice Mortgage Technologies. They generally pay more than flippers or buy-and-hold investors but charge an average 9% service fee.

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Proof of funds Investor Due diligence Closing 144

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. Many as-is home sales target professional investors looking for a cash purchase or rehabbers (think the TV show Flip or Flop ). USDA loans.

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HomeLight

FEBRUARY 14, 2022

One investor I work with works solely in the rent-to-own arena, because they have it as their mission to supply good and fair housing to people who don’t have the means to purchase right now,” says Labus. Her investor client believes that everyone deserves to live in a place they can be proud of and be treated with dignity.

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Purchase and sale agreement Due diligence Finance Equity 87

HomeLight

JULY 31, 2021

With the help of a local real estate agent and some seasoned San Antonio real estate investors, we created this guide to give you a head-start to finding a San Antonio cash buyer for your home. Affordable housing sparks investor activity in San Antonio. Affordable housing sparks investor activity in San Antonio.

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HomeLight

AUGUST 16, 2021

Given the various types of mortgages that are available, the auction process may differ depending on whether the loan on the house up for auction was government-backed or a conventional loan. There are also tax auctions , wherein the IRS has seized a home due to unpaid property taxes and is now attempting to recover losses.

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HomeLight

JULY 25, 2023

When you sell a house for cash, it simply means that you sell to a buyer who can purchase the home outright without the use of a mortgage loan. Cash investors typically pay anywhere from 50% to 70% of market value. Appraisal House-buying companies and investors may or may not perform a traditional appraisal.

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HomeLight

MARCH 16, 2023

The Greater Houston area is expected to continue being a hot investor marketplace this year as its 7.2 Learn more: 7 of the Top We Buy Houses for Cash Companies in Houston However, first-time or fair-weather investors facing high interest rates and inflation have created some challenges in the Texas market.

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Sales Purchase and sale agreement Earnest money deposit Investor 68

HomeLight

DECEMBER 7, 2021

It’s all up to the buyer to perform due diligence. However, some lenders require specific issues (such as rot, insect damage, or moisture problems) be addressed before a loan is funded. The closing process also includes a title search and the buyer’s mortgage underwriting before the closing date. Structural issues.

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HomeLight

JULY 31, 2021

The main method is to request a cash offer from an investor or cash-buying company that will likely purchase your home “as is.” Your buyer could be an investor who plans to turn your home into a rental, an iBuyer (instant buyer) that provides quick offers online, or a house flipper who plans to remodel and resell the property for a profit.

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Earnest money deposit Inspection Proof of funds Inspection contingency 98

The Close

DECEMBER 29, 2022

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. If you want to work with real estate investor clients, read our own Sean Moudry’s simple, yet thorough run down: “ How to Explain 1031 Exchange Rules to Your Clients.” 4 Loan Questions Worth Asking.

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Purchase and sale agreement Title Proof of funds Pre-approval 97