HomeLight

OCTOBER 5, 2020

But what if it’s a different kind of sale … for example, how much should you offer on a short sale? Enter the short sale : a solution for the seller, and a special opportunity for a buyer. What’s a short sale? Short sales are unique because they require the approval of the seller’s lender.

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Short sale Sales Banks Due diligence 64

HomeLight

SEPTEMBER 30, 2020

The title’s been checked out, you can go inside the house and look at it and do all your due diligence. With the courthouse steps [auction], you literally do no due diligence.”. Another aspect of education is doing due diligence for the property you want to buy.

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Due diligence Hard money loan Finance Banks 98

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

MARCH 30, 2022

Investors are looking for a good deal, so be prepared to accept a lower price if you want a quick cash sale, cautions Colofranson. Investors who promote homes for sale or rent are often in the market to buy new investment properties. But proceed with caution and don’t sign any documents until you’ve done your due diligence.

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Sales Investor Renovation Due diligence 95

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 72

HomeLight

FEBRUARY 26, 2021

A home inspection is part of a buyer’s due diligence. By saying your sale is “as is,” you’re not preventing a buyer from requesting an inspection , just signaling that no matter what the inspection finds, you don’t want to negotiate on price. Source: Michal Jarmoluk / Pixabay).

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As-is Sales Inspection Investor 96

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.”. Ask your agent to find you bank-owned or REO homes on the MLS (multiple listing service) that meet your specifications. Source: Judy Grayson / Unsplash). Step 3: Find available homes near you.

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Banks Inspection contingency Inspection FHA loan 78