Redfin

JUNE 21, 2023

Consider area potential and long-term equity gains Buying your first investment property doesn’t necessarily mean it will be where you reside. When considering where to purchase, you’ll want to think about a location’s potential and the possible long-term equity gains associated with the area.

Due diligence 57

Due diligence Earnest money deposit Investor Inspection 57

HomeLight

MARCH 13, 2023

Speed: One of the biggest benefits is a fast sale, as cash buyers are able to close the transaction quickly without the delays often associated with traditional home sales, such as waiting for financing approval or appraisal. The buyer does due diligence during the option period in California, which is typically one to 10 days.

Sales 92

Sales Purchase and sale agreement Due diligence Inspection 92

HomeLight

MARCH 13, 2023

You are either replumbing the house, rewiring the house, or putting a new roof on the house prior to closing so that a financed buyer can get insurance. Airbnb owners get tired of paying management fees and dealing with customer complaints and negative ratings, but they have too little equity to sell the traditional way.

Sales 82

Sales Investor Due diligence Renovation 82

HomeLight

MARCH 13, 2023

These include: Out-of-state buyers flocking to Austin – particularly California sellers who cashed out the equity in their expensive homes and can afford to pay cash in Austin. They may want to avoid the 6% interest rate of a loan by buying with cash. No pre-qualifying for a loan. iBuyers see opportunity in Austin.

Sales 71

Sales Investor House Flipping Pre-approval 71

HomeLight

MARCH 16, 2023

You’ll get speed and convenience in exchange for some of the property’s equity,” says Naumann. You don’t need the added stress that comes with the risk of the buyer’s financing falling through or a home inspection turning up unpleasant surprises. The buyer does due diligence during the option period in Texas.

Sales 67

Sales Purchase and sale agreement Earnest money deposit Investor 67