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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. You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”. Step 9: Order an inspection.

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Selling a House ‘As Is’ in Minnesota

HomeLight

However, Minnesota does allow certain exceptions for sellers who haven’t lived in the home, such as having a qualified third-party inspector provide an inspection report or submitting the Minnesota Disclosure Alternatives form. But if it is a turnkey house where they’re just ready to go to the next chapter, they’re tired, etc.,

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Selling a House ‘As Is’ in Massachusetts

HomeLight

Buyers need to ask direct questions and pay close attention to the results of a home inspection so that they can determine the condition of the property and its features. The buyer may request answers in writing, especially after a home inspection. Consider a pre-listing inspection.

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Selling a House ‘As Is’ in Maryland

HomeLight

Even in the case of an as-is sale, you are still required to provide a list of latent defects to prospective buyers. These are any problems the purchaser wouldn’t be able to discover for themselves during a visual inspection, as well as anything that would pose a health or safety hazard. Consider a pre-listing inspection.

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The 77 Best Real Estate Keywords of 2022 (+ How to Use Them & Find More)

The Close

FHA loans. Staging a house 65. FHA vs conventional loans. For sale by owner 32. Home inspection checklist 52. Home inspection checklist for sellers 53. Home inspection checklist 73. Condos for sale 34. Home inspection checklist for buyers 54. Townhomes for sale 36.

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How to Buy a Preforeclosure Successfully: A 13-Step Beginner’s Guide

HomeLight

A home is in preforeclosure when the owner has stopped making mortgage payments for several months and their loan is delinquent or in default — so the owner is approaching foreclosure. At this stage, official notice of default has been issued and is publicly available. Step 9: Get an inspection. Step 3: Find your house.

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Selling a House ‘As Is’ in North Carolina

HomeLight

Considering 80% of Americans say they would prefer to buy a move-in-ready home, an “as is” sale likely has a reduced buyer pool from the start. Consider a pre-listing inspection. Schaus does warn that there can be a downside to these pre-inspections, as well. Possibility of reducing negotiations from the inspection.

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