Realty Biz

NOVEMBER 14, 2023

Target Distressed Properties Distressed properties, such as foreclosures and short sales, are prevalent during a housing market correction. Yet, careful due diligence is essential to understand these properties' potential risks and costs well. These properties are often sold at a discount.

Due diligence 91

Due diligence Marketing Investor Finance 91

HomeLight

OCTOBER 5, 2020

But, as we’ll discuss below, the home’s current condition might set it apart from other comparable homes in the area, dragging its value down until it’s been renovated or repaired.). They’ll likely need renovations, whether you’re living in it or you plan to rent to a tenant. Constantine recommends you do your due diligence.

Due diligence 55

Due diligence Earnest money deposit Banks Inspection 55

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 101

Sales Investor Renovation Due diligence 101

HomeLight

AUGUST 16, 2021

What will it cost to renovate it so you command either market rent or a sale at a price that represents a margin you’re comfortable with? Ervin puts it similarly: “The best way to get a good deal on a banked-owned house is to do your due diligence and over-budget your rehab cost… because you never know what you’ll run into.”.

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 101

As-is Sales Inspection Investor 101

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 76

Agents Marketing Due diligence Sales 76

HomeLight

JANUARY 25, 2021

According to a survey over 2,000 adults from real estate brokerage Coldwell Banker, 80% of Americans say they would prefer to buy a turkey home over one that requires renovations. She checks sold comps to see what renovations provide the best return on investment so she’s not tempted to over-improve a property. Next steps.

Purchase and sale agreement 107

Purchase and sale agreement Investor Inspection Due diligence 107