HomeLight

MARCH 30, 2022

Investors making a cash offer are more likely to purchase a house as-is , so you can cut costs for renovations , staging , and curb appeal projects. You’ll avoid the inconvenience of showings, open houses, and renovations. Simple Sale, a solution from HomeLight, has a network of real estate cash buyers on its platform.

Sales 96

Sales Investor Renovation Due diligence 96

HomeLight

AUGUST 16, 2021

You can look for these homes on the multiple listing service (MLS) or on various auction sites. Most REOs are sold on the MLS,” explains Todd Miller, who worked in mortgage banking for over a decade, has purchased several REO homes, and now runs the personal finance website TightwadTodd.com. Finding REO homes: How the experts do it.

Banks 104

Banks Pre-qualification Investor Short sale 104

HomeLight

FEBRUARY 26, 2021

According to the 2020 Profile of Home Buyers and Sellers from the National Association of Realtors (NAR), 44% of buyers who purchased new homes did so to avoid renovations and problems with plumbing or electricity. A home inspection is part of a buyer’s due diligence. Enter real estate disclosures.

As-is 97

As-is Sales Inspection Investor 97

HomeLight

APRIL 30, 2021

Any renovations and upgrades. 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. Type of heating, cooling, and roofing systems. Highlights and features (i.e,

Agents 72

Agents Marketing Due diligence Sales 72

HomeLight

SEPTEMBER 1, 2020

You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”. Bank-owned homes may not be the best-staged or the most recently renovated. Ask your agent to find you bank-owned or REO homes on the MLS (multiple listing service) that meet your specifications.

Banks 79

Banks Inspection contingency Inspection FHA loan 79

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. Generally, I start from the back — what is the after-repair value (ARV) when the house has been fully renovated? Find a Buyer's Agent What is house flipping?

House Flipping 89

House Flipping Renovation Investor Finance 89

HomeLight

AUGUST 24, 2022

There are plenty of reasons to have a real estate agent in your corner — visibility in the MLS , help with stagings and showings, assistance with negotiations and contracts, to name just a few — and now you can add sourcing a cash buyer to the list. Do your due diligence. Our network of experts shared some insider tips.

Purchase and sale agreement 105

Purchase and sale agreement Title search Proof of funds Title 105