HomeLight

MAY 8, 2024

If you’re not a professional investor but looking for a solution to bridge the buy-sell timing gap , we’ll also share an innovative way to tap into your home’s equity, allowing you to buy before you sell. Here’s what you need to know to determine if these types of loans align with your investment and home-buying goals.

Hard money loan 97

Hard money loan Loans Home sale contingency Finance 97

HomeLight

NOVEMBER 17, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

Equity 99

Equity Loans Debt-to-income ratio Home sale contingency 99

HomeLight

DECEMBER 6, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

Equity 93

Equity Loans Debt-to-income ratio Home sale contingency 93

HomeLight

AUGUST 6, 2020

Initially, the plan had been to remodel and expand their home in San Jose, California, but when the coronavirus pandemic turned daily life upside down — and suddenly there were six people at home, all day, every day — the Tripps started to reconsider.

Home sale contingency 54

Home sale contingency Closing Inspection Renovation 54

HomeLight

SEPTEMBER 27, 2023

If you are selling your home in Colorado but also looking to purchase a new one, the timing of both transactions can feel impossible to plan perfectly. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Need to Buy Before You Sell?

Equity 82

Equity Loans Debt-to-income ratio Home sale contingency 82

HomeLight

NOVEMBER 6, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

Equity 96

Equity Loans Debt-to-income ratio Home sale contingency 96

HomeLight

MARCH 31, 2023

The bridge lender will lend the buyer the equity they have built in their existing house so they can move forward with the purchase of a new home. So in the past few years, I think it’s pretty easy [for borrowers to qualify] because of the equity spike. When might I need a bridge loan in California?

Equity 78

Equity Loans Debt-to-income ratio Finance 78

HomeLight

SEPTEMBER 25, 2023

Explore a bridge loan and let your home’s equity help fund your next house in the short term. A bridge loan can be a fitting solution when you’ve found your dream home and need to act quickly, or you need more time to prepare your old home to sell, allowing you to buy before you sell. Need to Buy Before You Sell?

Equity 81

Equity Loans Debt-to-income ratio Home sale contingency 81

HomeLight

JUNE 17, 2022

Your want to sell your home without renovating. You don’t have the time or money to do renovations and want to move without extensively updating your home, and are willing to accept less money for it. You’re selling a newly remodeled home.

Inspection 102

Inspection Pre-approval Inspection contingency Renovation 102

HomeLight

AUGUST 16, 2021

In this scenario, you take on the full responsibilities for a property for a period of time, including the ability to renovate the property. If you do intend to substantially renovate the property, you may be able to negotiate lower lease payments in exchange for the value you are adding to the asset. Source: (Standret / ShutterStock).

Purchase and sale agreement 103

Purchase and sale agreement Equity FHA loan Home sale contingency 103

HomeLight

JANUARY 3, 2023

Review your settlement statement for a complete list of fees and credits of the sale. Gather your title, loan documents, survey, insurance information, and any permits for renovations and have them ready for closing. You can even tap into your home’s equity — HomeLight can provide a downpayment loan on your new home.

Purchase and sale agreement 94

Purchase and sale agreement Inspection MLS Inspection contingency 94

HomeLight

JULY 6, 2023

Title contingency Before closing, a title company pulls public records and other details to guarantee that no one else can stake a claim on the property you’re trying to sell. Home sale contingency This contingency can arise when a buyer must sell their current home before buying yours.

MLS 89

MLS Backup offer Inspection contingency Purchase and sale agreement 89

HomeLight

MARCH 13, 2023

Aging homes require expensive upgrades and present insurance hurdles Two-thirds of Orlando homes were built before the year 2000. With the strong Florida sun shortening the lifespan of roofs and air conditioning systems, costly renovations may be necessary. People don’t have the money or time to fix them up,” says Reiner.

Sales 78

Sales Investor Due diligence Renovation 78

HomeLight

MARCH 21, 2022

Not all sellers have the time or budget for hefty renovations necessary for a proper listing, and that’s OK. House flippers look for specific improvements to boost equity, such as cosmetic updates, mechanical repairs, an addition, or a change to the layout. Example home trade-in companies: HomeLight Trade-In. Local investors.

Closing costs 92

Closing costs Home sale contingency Investor Closing 92

HomeLight

JANUARY 4, 2022

Fifty-seven percent of agents have seen buyers leverage their own retirement or securities funds, 49% have seen buyers take out a home equity loan or home equity line of credit, and 38% have seen buyers receive short-term loans from family members in order to buy a house with cash. Buyers who re-invested their equity.

Investor 98

Investor Finance Inspection Sales 98

HomeLight

JANUARY 28, 2022

We buy houses” companies are flippers who purchase properties “as is” for cash and renovate them, generating a profit at resale. Unlike iBuyers and buy-and-hold investors, fix-and-flippers buy homes in poor condition for considerably less than market value. But no one wants to be taken advantage of, conned, or ripped off. “We

Purchase and sale agreement 106

Purchase and sale agreement Investor Agents Sales 106

HomeLight

APRIL 29, 2022

HomeLight Trade-In : Removes the stress of buying and selling a home at the same time. HomeLight works with your agent to make an offer on your current home, so you can make an offer on a new home with no lending or home sale contingency. Use your home equity. Redfin Concierge : For a 2%-2.5%

Agents 86

Agents MLS Closing Home sale contingency 86