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Buying a Short Sale Property? Your Guide to Short Sale Requirements for Buyers

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As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. What’s a short sale?

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

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For this type of home purchase, you can get either a conventional loan or government loan (such as an FHA loan or VA loan ). And that prospect can be tricky, as these homes aren’t as easy to find as a house that’s listed on the MLS because they’re not for sale. Step 3: Find your house.

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Selling a House ‘As Is’ in Maryland

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MLS has field to mark a listing “as is”? I just had three sales last month where I lent the sellers the money needed to make the repairs and they netted almost triple the amount of money we put into the house,” Umanzor says. Consider a pre-listing inspection. Be aware of minimum property standards for certain loans.

As-is 101
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Selling a House ‘As Is’ in Massachusetts

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MLS has field to mark a listing “as is”? Consider a pre-listing inspection. A pre-listing home inspection is the same as a standard home inspection except that the seller pays for it before listing their home on the market. That being said, a pre-listing inspection isn’t a necessity. Real estate transfer taxes?

As-is 93
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Buying a House Online? How to Get it Done in 15 Steps

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Or that FHA loan limits vary widely, too? Buyers who are moving from one area of the country to another could be shocked at the difference in prices and loan limits. After you submit your documentation, you’ll know what kind of budget you have to work with, or your approval “ceiling.”. Source: (Mark Olsen / Unsplash).