Remove Earnest money deposit Remove Inspection Remove Renovation
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Unlocking the Dream of Homeownership in Portland: A Comprehensive Guide from Offer to Keys

The Living Room

Prospective buyers should account for closing costs, inspections, and the ongoing maintenance associated with homeownership. Consider flexibility on closing dates, a solid earnest money deposit, and minimal contingencies to appeal to sellers.

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What to Look Out for when Working with Cash Buyers

CT Homes

I.e. they’re giving up the right to… perform further inspections review seller’s disclosures confirm clean ownership with a title report complete a final walkthrough… … in addition to plenty of other protections that are standard in a purchase contract. Long (Unnecessary) Inspection Periods.

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How to Win a House Negotiation: 9 Expert Tactics for Home Sellers

HomeLight

Making enough money off the sale to fund the downpayment on a new home. Selling the property “ as is ,” or without the needed repairs or renovations. Getting the highest possible offer for the property (even if it requires some additional work and money to prepare the property for sale). Require a sizable earnest money deposit.

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Are HUD Homes a Good Deal? How to Tell If the Properties Are a Fit

HomeLight

The HUD Home bid package includes a sales contract , an addendum regarding lead-based paints, an earnest money deposit of 5% through cash, cashier’s check, money order, or letter of credit, and a forfeiture of earnest money deposits document. The closing period is 60 days for renovation loans.

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Your Top 11 Questions About Down Payments, Answered (Including: What’s an Average Down Payment?)

HomeLight

Once you’re in your new home, if you’re thinking about remodeling or repairs, a VA refinance loan also allows eligible borrowers to take cash out up to 100% of their home’s equity to pay for renovations such as new kitchens or a new addition. Always make sure to get a thorough inspection on a house first.

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How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

They can purchase a property at a discount, providing value through a quick sale to the owner, and leverage their funds and expertise toward a profitable renovation. If the whole house has been renovated recently and the seller wants full market value, they’re typically better off working with an agent.”. Earnest money deposit.

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What to Look Out for when Working with Cash Buyers

CT Homes

I.e. they’re giving up the right to… perform further inspections review seller’s disclosures confirm clean ownership with a title report complete a final walkthrough… … in addition to plenty of other protections that are standard in a purchase contract. Long (Unnecessary) Inspection Periods.