Realty Biz

JUNE 15, 2022

Performing due diligence is vital when purchasing a home. Do some due diligence to ensure something can’t be developed that could be detrimental. Is The Title Clear? When buying any property it is crucial to have a title search performed to make sure there is a clean title.

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Realty Biz

OCTOBER 12, 2021

Real Estate agents refer to this as the due diligence period in real estate. Title Search. A title search is often a standard step in the home purchase process. When buying a home and doing your due diligence, the first place you should start is with your real estate agent.

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Realty Biz

DECEMBER 8, 2022

The home will need to be appraised and a title search conducted. It is worth the time and effort to do your due diligence. The post Killer Tips For Preparing to Get a Home Loan appeared first on RealtyBizNews: Real Estate Marketing & Beyond. Your application will then go through the underwriting process.

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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. Realtors have access to the multiple listing service and can do a search for these specific kinds of homes.

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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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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

A home appraisal provides the fair market value of a property and is typically required by your mortgage lender. Clouds on the title. Before you can close the deal, you’ll need to make sure that the title is clear. Make sure the title company is ordering lien letters and ask to see them before closing.

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Realty Biz

NOVEMBER 11, 2020

How your real estate agent markets your property when an offer has been accepted can have vital implications. They will also get their earnest money deposit back , and the home will go back on the market. Will they be marketing the home properly? Sometimes real estate markets heavily favor sellers.

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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. 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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HomeLight

MAY 26, 2021

This due diligence protects the lender in case you default and they need to recover their costs. You’ll learn jargon you’ve never heard before, like earnest money , escrow, and title search. Why is the appraisal so important to your lender? Importantly, it also protects you, by validating that you’re not overpaying.

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Housing Wire

MARCH 28, 2024

Homeownership is out of reach for many Americans because of the lack of affordable homes, regulatory burdens to development, and high interest rates – not the cost of title insurance. During a refinance , homeowners receive a new loan, and title insurance provides assurance that a lender’s investment is protected. million in claims.

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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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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. Title insurance is equally important when homeowners refinance. This would allow the surviving wife to officially claim ownership of the property.

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HomeLight

DECEMBER 31, 2020

Real estate agents keep an eye on sales pending properties because there are a number of ways that the deal could fall through and the house could come back on the market. For further details, you should talk to your agent about your area’s local market customs and norms. The property appraisal. Source: (vchal / ShutterStock).

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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. The timeframe may vary depending on the company and market. Offers are made based on market value and repairs needed. You receive a firm offer.

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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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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. In New Jersey, it typically takes around 88 days to sell a home on the market using an agent.

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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

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. Property survey.

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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

APRIL 30, 2021

Competition is heating up in real estate markets across the country as homebuyers struggle to make their offers stand out from the pack. Homes fly off the market in days, not weeks; offers go well over asking price; and bidding wars are increasingly the norm. If you’re using cash, you’ll have to show proof of funds with your offer.

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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. Expanding population and job market fuel rental growth Greater Orlando’s population of 2.67 Need to Sell Your House Fast in Orlando? million people by 2030.

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HomeLight

AUGUST 24, 2022

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. This is another area where a top agent can help you tap into the out-of-state market. Do your due diligence. Inside the Florida cash home buyers market. “In

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HomeLight

MARCH 22, 2022

We are in a competitive market. Ever heard of the due diligence fee in North Carolina? Not to rain on your parade, but North Carolina has something called the due diligence fee, separate from the down payment or earnest money deposit, that you need to have ready to nab that home. We have good and bad news.

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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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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. Many companies combine title and escrow services under one roof, as their functions are closely interrelated. Title search: 3 days. Why does it take this long?

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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. Conduct a title search. This step is pretty standard in most real estate transactions, but a title search will show you who owns the rights to the property.

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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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HomeLight

FEBRUARY 14, 2022

The price I agreed to was slightly higher than market value at the time of purchase, and that’s because the lease agreement was for three years,” explains Johnson. Obtain a title report to see how long the seller has owned the property — the longer they’ve owned the property, the more equity they have.”.

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HomeLight

JULY 26, 2022

For sellers in neighborhoods with many recently sold homes, it can be easier to determine what their asking price should be based on estimated market value. The housing market can also play a role in the seller deciding to sell the home themselves. One of the benefits of hiring a listing agent is their marketing expertise.

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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. You have to demonstrate that it’s priced to sell and that it’s going to be marketed effectively.”.

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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

The San Antonio real estate market draws investors with its consistent housing stock, variety of industries, and steady influx of residents. Darren Dickout , a San Antonio real estate investor and owner of Big Buck Home Buyers, shares that the overall state of the cash-buying market in San Antonio is strong. “The

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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

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

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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