Realty Biz

JUNE 15, 2022

Performing due diligence is vital when purchasing a home. Discovered a property encroachment could hold up the sale. Do some due diligence to ensure something can’t be developed that could be detrimental. Is The Title Clear? Things to Find Out Before Purchasing Land. Land Encroachments.

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HomeLight

DECEMBER 31, 2020

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

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Realty Biz

OCTOBER 26, 2022

Many homes are abandoned due to financial reasons, making them run down and in need of renovation. This makes them attractive properties for investors, flippers, and wholesalers because they sell at a lower-than-market price. You can also try a straight-up Google search for abandoned homes near me or abandoned houses for sale near me.

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Realty Biz

SEPTEMBER 25, 2023

Risk mitigation: By conducting thorough due diligence, a real estate attorney can identify potential risks and help you make informed decisions, minimizing the chances of future legal complications. The post How to Find a Real Estate Attorney appeared first on RealtyBizNews: Real Estate Marketing & Beyond.

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Redfin

MARCH 3, 2022

To avoid a closing delay or, even worse, the sale falling through, it’s essential to be upfront and honest with your loan officer. The home appraisal is lower than the sale price. A home appraisal provides the fair market value of a property and is typically required by your mortgage lender. Clouds on the title.

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Housing Wire

MARCH 2, 2021

HousingWire spoke with Steve Greenfield, Altisource General Manager of Mortgage Real Estate Solutions, about the state of the mortgage market and how Altisource’s HomeVal solution is benefiting lenders. HousingWire: What are some due diligence and underwriting challenges loan originators face today? Altisource does.

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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. An appraiser will compare the home to others around it, taking into account recent sales prices for other homes with similar features. Current market.

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HomeLight

MAY 26, 2021

According to the National Association of Realtors®, only 22% of residential sales are cash sales, so it’s likely that you’re taking out a mortgage to finance your home purchase. This due diligence protects the lender in case you default and they need to recover their costs. Source: (Erik Mclean / Unsplash).

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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. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Close the sale and get paid quickly.

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HomeLight

JUNE 23, 2022

However, if the buyer terminates the contract for any other reason not specified in these conditions, the seller is typically entitled to keep the earnest money as a concession for the time they took the home off the market to enter into the exclusive agreement. In competitive markets, this contingency is very unattractive to sellers.

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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. Maybe your company is transferring you from Atlantic City to Las Vegas, and you don’t have time for a lengthy home sale process.

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Housing Wire

APRIL 30, 2024

During the refinance process, title insurance professionals would do their due diligence to disqualify any potential heirs who may attempt to claim the property down the road. The couple contacted their title company and were told they had coverage for this dilemma. When a homeowner refinances, they obtain a new loan.

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HomeLight

MARCH 13, 2023

Perhaps your Metro West resort-style condo isn’t bringing in the revenue you expected as a vacation rental and you don’t want to invest more money to list it on the market. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Need to Sell Your House Fast in Orlando?

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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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Realty Biz

JUNE 4, 2023

That’s why the virtual data room market is flourishing rapidly and has crossed the billion-dollar mark. Faster and Safer Real Estate Due Diligence Whether it is a traditional real estate sale/purchase or inviting investors to finance a project, due diligence is a crucial part of the process.

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HomeLight

JANUARY 5, 2022

Now you can skip the part where you stage, show, and market the house, which makes you want to do a little happy dance. An agent won’t need to offer their full level of service to include yard signs, digital marketing, and professional photography, but they can act as a neutral go-between to prevent strain or awkwardness during negotiations.

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HomeLight

AUGUST 24, 2022

Looking to connect with a Florida cash home buyer for a quick sale in the Sunshine State? The destination’s great weather and tax-friendliness bring a steady stream of buyers to the market, and cash buyers help make sellers’ homes fly. A cash offer can lead to a speedier and lower hassle sale. Do your due diligence.

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HomeLight

OCTOBER 30, 2020

And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. For example, let’s say the market crashes, and your 401(k) loses a huge amount of value overnight. The title isn’t clear. Why do sellers love cash so much?

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HomeLight

AUGUST 31, 2021

A divorce, job move, or low bank account can all be strong motivators to go for the speed and convenience of a cash sale. But when your buyer doesn’t have to wait for the lender to underwrite or process their loan, you can usually coordinate a much faster sale. Are cash-for home companies legit? Need a cash offer?

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HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

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HomeLight

AUGUST 16, 2021

Department of Housing and Urban Development (HUD) homes for sale portal. Reserve auctions are similar to minimum-bid auctions in that there is a fixed price that must be met to finalize the sale, but a reserve price is kept under wraps, while a minimum bid is clearly stated. Source: (Willy Barton / ShutterStock).

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HomeLight

MAY 24, 2022

In a competitive market, paying cash could help you beat out other homebuyers. Everyone involved will need time to perform their due diligence. A cash sale: Start to finish. With a cash sale, you can skip a few steps in the typical closing process. Title search: 3 days. Why does it take this long?

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HomeLight

JULY 26, 2022

Is it a yard sale? No…it’s a for sale sign!!! A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent. A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent.

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HomeLight

MARCH 22, 2022

All in all, North Carolina is homebuyer-friendly compared to the national median of a single-family home sale at $353,600 in 2021. “I I have some clients currently searching in the $200,000 range, and that seems to be a pretty modest budget, depending on location. We are in a competitive market. We have good and bad news.

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HomeLight

JULY 31, 2021

Whether you’re a retiree looking to downsize from a large suburban home or a landlord ready to unload a River Walk rental condo, finding cash home buyers in San Antonio will be the best way to fast-track the sale and move you closer to your goals. Timeline for a cash sale in San Antonio. Timeline for a cash sale in San Antonio.

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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. You’ll be on the hook for the entirety of those repairs, and you can’t expect any financial help from the seller if you pursue the sale. Source: (Max Murauer / Unsplash).

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HomeLight

JULY 25, 2023

Whether you’re facing financial difficulties or ready to downsize, it’s possible to sell your house for cash and avoid the traditional real estate market. This calls for working with a niche type of buyer that typically purchases off-market homes — houses that may need repairs or can otherwise be purchased at a discount.

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HomeLight

OCTOBER 29, 2020

Choosing a qualified agent and searching for the perfect home in terms of ideal size, location, price, and condition can already feel like a journey, but making an offer on a property is when the challenge really begins. Sales contingency. If something jeopardizes your sale, then their deal with you is now also at risk.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 78

HomeLight

SEPTEMBER 13, 2022

Selling a house to a family member is typically a much quicker and simpler process than selling on the open market. There are several ways to receive an estimate of your home’s current market value. The traditional methods are to get an appraisal or have a real estate agent conduct a comparative market analysis (CMA).

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HomeLight

FEBRUARY 14, 2022

Since one caveat of rent-to-own homes is that property values are likely to change during the term of the agreement — which could extend from one to five years — buyer and seller must determine a sales price that feels fair to both parties. It’s worth repeating: Do your due diligence ! Source: (ward aronciano / Unsplash).

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HomeLight

JULY 29, 2022

In a traditional market, buyers won’t want to close until the issue is resolved. That likely went right to your lender, so ask to get a copy from either them or directly from the title company. These are the properties where there’s a strong possibility there could be a cloud on the title.

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HomeLight

DECEMBER 7, 2021

Source: (LinkedIn Sales Solutions / Unsplash). 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. Because of the [current] market conditions,” Marshall points out, “sellers are less willing to fix things.”.

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HomeLight

MAY 27, 2021

Maureen Kile , a real estate agent from Tulsa , Oklahoma, who has worked with 75% more single-family homes than the average agent in her market, notes that lenders will always check a buyer’s credit score; the higher the score, the better the loan terms. Preapproval is vital, especially in a hot real estate market. Title search.

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HomeLight

JULY 31, 2021

Reports from the National Association of Realtors show that nearly a quarter of existing home sales were made with all-cash in the spring of 2021 — but how do you go about finding your cash buyer? Our guide aims to address the urgency of needing cash with the level of thought and care that a sale of this weight requires. Good bones.

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HomeLight

SEPTEMBER 1, 2022

We can’t always predict what the future holds — let’s be honest, we probably didn’t see ourselves locked down because of a pandemic or foresee the crazy real estate market that followed. Median home sale prices in California increased by 5.4% Research the market. Median days on market: 10. Median days on market: 10.

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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. After all, great communication leads to closed deals. ” A.

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