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Hit Them With Your Best Shot: How Much to Offer on a Short Sale

HomeLight

But what if it’s a different kind of sale … for example, how much should you offer on a short sale? Enter the short sale : a solution for the seller, and a special opportunity for a buyer. What’s a short sale? Short sales are unique because they require the approval of the seller’s lender.

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Do I Need a Lawyer to Buy a House (And How Much Does That Cost)?

HomeLight

A lawyer or title company can also check for any deed restrictions limiting the property’s use, in addition to any easements that might grant other parties the right to use part of your land. This could include a tenant who doesn’t want to leave, easement or title issues, or in short sale or foreclosure situations.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Due diligence period. What if your clients are asking about their due diligence period? One example is someone using a private road to access their own land. This is the government’s right to use private land for a specific, public purpose after compensating the owner. Short sale. Encroachment.

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Eliminating Stringent Contingencies: How to Make a Contingent Offer Stronger

HomeLight

Zoning and land use contingencies. Short sale or bank approval contingencies. Buyers have to be willing to move forward with their due diligence right away,” says Lagrois. When a seller has accepted your thoughtful (and perhaps rather clever) offer, it’s time to kick into overdrive and get things done.

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How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

When looking for properties to buy, he focuses on single- and multi-family homes rather than vacant land or mobile homes because they allow for “value-add.”. In addition, these properties allow for multiple exit strategies for investors, including flips, short- or long-term rentals, or wholesales.”. Put a voice to a name.

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Miami Real Estate Market & Investment Overview 2020

Marco Santarelli

percent of close sales were distressed sales. Yet total Miami distressed sales and short sales fell. With an average monthly rent of 2400 dollars a month in Miami and 2000 in the Miami suburbs, those who can land a house for that monthly payment and afford it will take it.

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