HomeLight

MARCH 13, 2023

With the strong Florida sun shortening the lifespan of roofs and air conditioning systems, costly renovations may be necessary. Most sellers approach Joseph because their home did not sell after several months on the open market due to outdated decor, major structural issues, or fire damage. For a rental, not as much,” explains Joseph.

Sales 80

Sales Investor Due diligence Renovation 80

HomeLight

AUGUST 16, 2021

If you’re using a mortgage to buy the property, never start bidding before you’re pre-approved,” warns Reynolds. Not all auctions will allow you to use a mortgage, so be diligent with your research on each property.”. Buy title insurance. Otherwise, the registration process should be straightforward.

Title 108

Title Due diligence Finance Inspection 108

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. Check their BBB rating. Lower-maintenance sale.

Proof of funds 144

Proof of funds Investor Due diligence Closing 144

HomeLight

DECEMBER 7, 2021

Usually, it’s the buyer, but the seller may schedule a pre-inspection before listing the home. Generally, cosmetic issues, renovations or updates you want to do, landscaping, and repairs to outbuildings are considered unreasonable repair requests. It’s all up to the buyer to perform due diligence. inspection.

Inspection 88

Inspection Purchase and sale agreement Pre-approval Closing 88

HomeLight

MARCH 16, 2023

They sign the lease just a couple of weeks after the home is renovated and ready for occupancy. He routinely works with multiple crews of contractors so he completes renovations at a lower cost and with fewer headaches than most homeowners. He buys homes for cash, fixes them up, obtains refinancing, and then rents them out.

Sales 66

Sales Purchase and sale agreement Earnest money deposit Investor 66