article thumbnail

13 Steps to Buying a Bank-Owned Foreclosure

HomeLight

If the former homeowner defaulted on an FHA loan, the home may become inventory for various HUD programs, including the Good Neighbor Next Door program. Make sure the offer includes any important contingencies, such as an inspection contingency. Step 9: Order an inspection. Source: faiq daffa / Unsplash).

Banks 80
article thumbnail

Selling a House ‘As Is’ in Missouri

HomeLight

As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. You’re looking for an agent who doesn’t shy away from listings that need a little TLC and maybe has a strong network of investor connections.

As-is 90
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Buy a Home As-Is and Make Sure You’re Protected

HomeLight

An inspection can tell you upfront the exact issues with the house so you know what money you might have to spend down the line. It’s also wise to add an inspection contingency in your purchase contract , so if the inspection shows more repairs than you expected, you can walk away. Great for investors or cash buyers.

As-is 71
article thumbnail

Selling a House ‘As Is’ in Connecticut

HomeLight

As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. You’re looking for an agent who doesn’t shy away from listings that need a little TLC and maybe has a strong network of investor connections. Sell directly to a cash buyer.

As-is 99
article thumbnail

Can You Sell a House with Code Violations? Here are Your Options

HomeLight

For example, FHA loans typically won’t allow buyers to purchase properties with unpermitted converted garages or outdated electrical panels. According to both Barker and Davis, the home inspection is when most code violations are discovered. HomeLight’s network of investors will buy houses in almost any condition.

article thumbnail

Selling a House ‘As Is’ in California

HomeLight

As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. This is because many We Buy Houses companies are franchises and often use independent investors or local wholesaling outfits. Sell directly to a cash buyer.

As-is 99