Equity Inspection Proof of funds Staging 
The Close
DECEMBER 29, 2022
A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Home equity conversion mortgage. Home inspection.
HomeLight
AUGUST 24, 2022
There are plenty of reasons to have a real estate agent in your corner — visibility in the MLS , help with stagings and showings, assistance with negotiations and contracts, to name just a few — and now you can add sourcing a cash buyer to the list. Before signing an offer, ask for proof of funds. Property investors.
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HomeLight
JANUARY 5, 2022
Now you can skip the part where you stage, show, and market the house, which makes you want to do a little happy dance. For example, if you offer your friend a discount on your home – intentionally or not – it may be considered a “gift of equity” subject to gift taxes. Do: Plan for the buyer’s home inspection and appraisal.
HomeLight
JULY 31, 2021
Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In Harvell also suggests getting concrete proof that the buyer has purchased properties in their name as part of the vetting process. Verification of funds. Inspection period. Step 6: Pass the inspection.
HomeLight
SEPTEMBER 16, 2021
Pass the home inspection. For example, some investors will purchase the home “as is” but still require an inspection; some will offer to waive the inspection entirely , though it may mean accepting a reduced price to hedge the investor’s risk of finding major issues with the property. Complete the home inspection.
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. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises.
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%. Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home.
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