HomeLight

JULY 25, 2023

No repairs, no staging, no showings — and close in as little as 10 days. No repairs or home staging When you sell your home for cash to a house-buying company, you can skip the repairs and other preparations typically required when selling on the open market. You skip the preparations, repairs, and staging.

Title search 83

Title search Staging Closing costs Title 83

HomeLight

DECEMBER 2, 2021

Home pre-inspection. Home staging and preparation. According to Caldwell, today’s buyers look for turnkey homes, not sweat equity. In Kentucky, for example, the buyer typically pays for both the owner’s and lender’s title insurance policy and title search. Home staging and preparation. Transactions.

Seller concession 111

Seller concession Staging Inspection Renovation 111

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.

Sales 82

Sales Investor Due diligence Renovation 82

HomeLight

SEPTEMBER 16, 2021

Pass the home inspection. Clear title. 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. Clear title.

Title 100

Title Inspection Proof of funds Investor 100

HomeLight

NOVEMBER 9, 2021

You’re also responsible for paying off any home equity loans you may have taken out against your mortgage. Title search. A title search ensures that the property has no liens, judgments or other claims from outside parties (or “encumbrances”) on it that would prohibit a sale. Most lenders require them. Roof damage.

Closing costs 83

Closing costs Closing Title search Title 83

HomeLight

SEPTEMBER 13, 2022

The selling price will set the stage for how the transaction will be handled moving forward. If you wish to sell the home to your relative for less than its fair market value , then you’ll likely have to report the difference between the home’s value and the sale price as a gift of equity with the IRS (more on this later in the article).

Purchase and sale agreement 94

Purchase and sale agreement Title Title search Finance 94

HomeLight

JULY 12, 2022

no more than $2,500 on repairs and staging. An overview of expenses sellers typically encounter includes: home repairs, staging, and other prep work. Staging the home: $1,600. Pre-listing inspection, if desired or needed: $279-$400. Title insurance premiums: Varies. Title search fees: (.05%-1%

Seller concession 95

Seller concession Closing costs Renovation Title search 95

HomeLight

SEPTEMBER 1, 2022

Forgivable Equity Builder Loan – Gives first-time homebuyers immediate equity of up to 10% of the purchase price of the home in the form of a loan. At this stage, you should get preapproved rather than prequalified. Order inspections and get an appraisal. Order a title search. Negotiate repairs.

Earnest money deposit 92

Earnest money deposit VA loan FHA loan Loans 92

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 While price tends to take center stage, many other components of an offer should be considered before entering into a contract. Inspection period. Step 6: Pass the inspection. Step 7: Clear the title.

Earnest money deposit 98

Earnest money deposit Inspection Inspection contingency Proof of funds 98

HomeLight

MARCH 16, 2023

You’ll get speed and convenience in exchange for some of the property’s equity,” says Naumann. Ramcharitar says sellers also pay 2% of the sales price for closing costs and another 2% for title insurance. He adds that negotiations and home inspection issues could further reduce the price by 10%.

Sales 67

Sales Purchase and sale agreement Earnest money deposit Investor 67

HomeLight

NOVEMBER 21, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot South Carolina real estate market and a steep rise in equity added extra incentive to maximize profits.

Purchase and sale agreement 77

Purchase and sale agreement MLS Pre-approval Agents 77

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. Clear title. Sure, deals can fall apart.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98