HomeLight

AUGUST 31, 2021

As a rising number of companies provide cash offers for homes and improve experiences for sellers with advanced technology, the idea that you don’t have to wait months to list and close on your house appeals to many stressed-out sellers. Ask for proof of funds and EMD. Are cash-for home companies legit? Request Cash Offer.

Proof of funds 144

Proof of funds Investor Due diligence Closing 144

HomeLight

MARCH 13, 2023

If you paid top dollar for your Orlando home and need to sell before you intended due to a change of life circumstances such as divorce or lost job, you might have little or no equity which makes it difficult to take the traditional sales route. The buyer does due diligence during the option period in Florida.

Sales 84

Sales Investor Due diligence Renovation 84

HomeLight

MAY 24, 2022

But just how long does it take to close on a house with cash, compared to a traditional loan? If you’re buying a house with a standard mortgage, closing takes about 49 days , according to the June 2021 ICE Mortgage Technology Origination Insight Report. Everyone involved will need time to perform their due diligence.

Purchase and sale agreement 106

Purchase and sale agreement Closing Title search Title 106

HomeLight

MARCH 16, 2023

Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home. So you won’t be holding your breath until the buyer’s loan approval comes through or be on the hook for needed repairs discovered during the home inspection.

Sales 68

Sales Purchase and sale agreement Earnest money deposit Investor 68