article thumbnail

Selling to Florida Cash Home Buyers: Tips from Experts

HomeLight

Before signing an offer, ask for proof of funds. The serious, professional, reliable home buyers will gladly show you legitimate proof of funds.”. If you’re looking for a fast, easy home sale, we’d recommend our Simple Sale platform, which has nationwide coverage (including for the state of Florida).

article thumbnail

How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In In addition, these properties allow for multiple exit strategies for investors, including flips, short- or long-term rentals, or wholesales.”. Verify past sales. Verification of funds.

article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

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. Loans with less than 20% down often require buyers to pay private mortgage insurance until they reach a certain equity ratio. Home equity conversion mortgage. Certificate of eligibility.