HomeLight

APRIL 30, 2021

Sales history and value adjustments over the years. Once the agent has done due diligence on the focal property, it’s time to widen the scope to see how it measures up to the surrounding homes. That involves looking at sales comps , which are similar homes that have recently sold in the area. Highlights and features (i.e,

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Agents Marketing Due diligence Sales 77

HomeLight

JANUARY 25, 2021

If your property isn’t turnkey or in livable condition, a cash buyer may be in a much better position to purchase it than someone with a conventional or government-sponsored loan. “If If you’re going to sell your house for cash, make sure you do your due diligence on the buyer. Source: (Sidekix Media / Unsplash). Next steps.

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Purchase and sale agreement Investor Inspection Due diligence 108

HomeLight

MAY 27, 2021

But when it comes to one of the key aspects of buying that home — how to get a mortgage loan — you may draw a blank. We include advice from an agent who has worked with hundreds of new buyers, descriptions of different loans, and information about the many kinds of paperwork you’ll deal with. Source: (Matthew Henry / Burst).

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Loans Mortgages Title FHA loan 89

HomeLight

AUGUST 24, 2022

The selling process at Cash Buyer New Jersey is straightforward, with the same slim due diligence and closing periods as other cash-offer businesses. They specialize in short sales, so sellers who have fallen behind on mortgage payments may take extra interest in their expertise. Sale timeline. 7 to 30 days.

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Closing costs Purchase and sale agreement Closing Staging 84

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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Title Due diligence Finance Inspection 109

HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Get it ASAP and look it over thoroughly.

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Closing Purchase and sale agreement Title Home sale contingency 104

HomeLight

OCTOBER 29, 2020

That’s why financed offers come with appraisal contingencies — the loan can’t clear until the home has been appraised and the lender knows they’re not lending you too much for the home. Plus, you’ll want to include a financing contingency in your purchase contract which states that the home loan has to clear before the deal can close.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 80

HomeLight

JULY 31, 2021

According to Dickout, the process for selling a house for cash in San Antonio follows the same general steps as a traditional sale, albeit in a shorter time frame: The seller finds a buyer (or if the buyer is good at marketing, the buyer finds the seller). That’s the ease of Simple Sale ! Selling for cash in San Antonio.

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Investor Title Due diligence Sales 108

HomeLight

APRIL 29, 2022

Most people let the buyers do their due diligence,” he says. Be aware of minimum property standards for certain loans. When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan. More often than not, however, he typically doesn’t.

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As-is Purchase and sale agreement Investor Inspection 76

HomeLight

MARCH 10, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. I know a lot of people who were doing fix-and-flips through borrowing and bridge loans, but now, with high interest rates and more challenging timelines, it is not as successful.

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House Flipping Renovation Investor Finance 95

HomeLight

MAY 24, 2022

But just how long does it take to close on a house with cash, compared to a traditional loan? Everyone involved will need time to perform their due diligence. The bulk of the time, however, is consumed by loan underwriting and processing. Setting the standard. Why does it take this long?

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Purchase and sale agreement Closing Title search Title 108

The Close

DECEMBER 29, 2022

Make sure clients who see an acceleration clause in their mortgage contracts understand that this allows their lender to demand repayment of the loan in full if they default on the loan. 4 Loan Questions Worth Asking. Basically, amortization is the preset schedule of mortgage loan payments, including interest, over time.

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

HomeLight

JULY 31, 2021

According to the latest data from Ellie Mae, the purchase loans are taking an average of 50 days to close as of May 2021. Beyond doing your due diligence online, it’s also a good idea to pick up the phone and put a voice to the business. You’ll have the ability to pick a move date that works best for your schedule.

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Earnest money deposit Inspection Proof of funds Inspection contingency 98

Marco Santarelli

AUGUST 21, 2020

percent of close sales were distressed sales. Yet total Miami distressed sales and short sales fell. Many people can refinance their home loans assuming they aren't taking loan forbearance. As a rental property investor, it should be on your list of due diligence.

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Marketing Investor Sales As-is 126