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 86

Sales Purchase and sale agreement Due diligence Inspection 86

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 55

Due diligence Earnest money deposit Investor Inspection 55

HomeLight

MARCH 13, 2023

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. More certainty: With a pre-offer walk-through, a cash home buyer can generally provide a firm cash offer that comes with few contingencies, or no contingencies at all.

Sales 75

Sales Investor Due diligence Renovation 75

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. Certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few, if any, contingencies.

Sales 65

Sales Investor House Flipping Pre-approval 65

HomeLight

MARCH 16, 2023

You’ll get speed and convenience in exchange for some of the property’s equity,” says Naumann. He adds that negotiations and home inspection issues could further reduce the price by 10%. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts.

Sales 62

Sales Purchase and sale agreement Earnest money deposit Investor 62