HomeLight

OCTOBER 30, 2020

For example, let’s say the market crashes, and your 401(k) loses a huge amount of value overnight. 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. Tenant issues.

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Closing Inspection contingency Title search Purchase and sale agreement 111

Realty Biz

OCTOBER 26, 2022

These types of homes can be the perfect properties for both real estate investors and contractors to locate and purchase. Many homes are abandoned due to financial reasons, making them run down and in need of renovation. Realtors have access to the multiple listing service and can do a search for these specific kinds of homes.

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Due diligence Title search Inspection Investor 76

HomeLight

AUGUST 31, 2021

Clear title: The cash buyer will require a title search to make sure that you can convey the property free and clear of any clouds or judgments against the property, such as mechanic’s liens, unpaid taxes, or boundary encroachments. Hot market puts pressure on iBuyer offers. Check their BBB rating.

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Proof of funds Investor Due diligence Closing 144

HomeLight

MARCH 16, 2023

We’ve gathered insights from real estate experts to create this guide for navigating Houston’s cash home buyer market so you can sell your property in as fast a time frame as you require. The Greater Houston area is expected to continue being a hot investor marketplace this year as its 7.2 Need to Sell Your House Fast in Houston?

Sales 72

Sales Purchase and sale agreement Earnest money deposit Investor 72

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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Investor Title Due diligence Sales 106

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 90

HomeLight

OCTOBER 5, 2020

One important factor in how much a house will go for at a foreclosure auction is its appraised value — the professional estimate of its worth in the current market. Knowing the ins and outs of the market you’re hoping to buy in will help you estimate a potential auction price. Current market. Appraised value.

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Due diligence Earnest money deposit Banks Inspection 55

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

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 ). Conduct a title search.

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As-is Inspection Title search Inspection contingency 73

HomeLight

AUGUST 16, 2021

But this isn’t a time to skip your due diligence — be sure that you fully understand the rules of the auction and what the payment terms are if you’re the successful bidder. Buy title insurance. Though you’ve — hopefully — already had a title search conducted on the property, now is the time to purchase title insurance.

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Title Due diligence Finance Inspection 107

HomeLight

APRIL 11, 2023

Individual program details frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. The timeframe may vary depending on the company and market. Individual investor fees may vary. The company performs a walk-through.

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Purchase and sale agreement Closing costs Closing Sales 92

HomeLight

AUGUST 24, 2022

Individual program details can also frequently change — please visit a company’s website for the most up-to-date- information on each program’s fees, market coverage, business model, and more. Individual investor fees may vary. Once the deal is closed, they work with investors to either resell or rent the property.

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Closing costs Purchase and sale agreement Closing Staging 85

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. It’s often presented as a percentage of the fair market value.

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

Redfin

APRIL 13, 2022

You can also do a title search, by going through a title company , to ensure there are no extraneous liens on the property and that you’re working with the actual owner of the property deed, and that the property taxes are up to date. . Most of the time, the purchase price is higher than the home’s current market value.

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Purchase and sale agreement Equity Mortgages Due diligence 69

HomeLight

DECEMBER 7, 2021

It’s all up to the buyer to perform due diligence. When the seller isn’t legally required to make repairs, the decision to do so often relates to the market. In a buyer’s market — or any time the seller is eager to sell — it’s more likely that the seller will agree to make at least some of the requested repairs.

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Inspection Purchase and sale agreement Pre-approval Closing 95