Remove Finance Remove Hard money loan Remove Inspection Remove MLS
article thumbnail

How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

You’re reading through a new MLS listing, and you believe you found your ideal home. For example, a homeowner and lender agree to sell a house for $200,000 even though there is a balance of $250,000 on the mortgage loan. Short sales can typically be found through the MLS database or your buyer’s agent. Pre-foreclosure.

article thumbnail

How do Foreclosure Auctions Work? How to Find Properties, Research, and Bid

HomeLight

“An online option like a real estate owned (REO) property, you’re not spending any money into it,” says Durham. You’re not spending any money into it until after you’re under contract and based on your inspection.”. Figure out your financing. This can sometimes push the home over its actual market value.

Insiders

Sign Up for our Newsletter

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

article thumbnail

A 2023 Guide to Flipping Houses in California: 5 Cities to Consider

HomeLight

Even if something went wrong, you likely wouldn’t end up losing money. Financing your flip in California Purchasing a home to flip with cash is almost always going to be in your best interest — however, not all investors have that kind of funding. Disclaimer : As always, there are benefits and drawbacks to each financing option.

article thumbnail

A 2023 Guide to Flipping Houses in Georgia: 5 Cities to Consider

HomeLight

An inspection might cost a few hundred dollars, but a $400 inspection can keep you away from a $10,000 or $20,000 problem,” he says. Financing your flip in Georgia Purchasing a home to flip with cash is almost always going to be in your best interest — however, not all investors have that kind of funding.

article thumbnail

Flipping Houses in Massachusetts: 5 Cities to Consider

HomeLight

I never recommend that someone skip a home inspection. If a buyer chooses not to, we have them sign a release stating that we advised them to have a home inspection and they waived it. I never recommend that someone skip a home inspection. Even if something went wrong, you likely wouldn’t end up losing money.

article thumbnail

Flipping Houses in Ohio? 5 Cities to Consider

HomeLight

Even if something went wrong, you likely wouldn’t end up losing money. Financing your flip in Ohio Purchasing a home to flip with cash is almost always going to be in your best interest — however, not all investors have that kind of funding. Disclaimer : As always, there are benefits and drawbacks to each financing option.

article thumbnail

Flipping Houses in Florida: 5 Cities to Consider

HomeLight

Even if something went wrong, you likely wouldn’t end up losing money. Financing your flip in Florida Purchasing a home to flip with cash is almost always going to be in your best interest — however, not all investors have that kind of funding. Disclaimer : As always, there are benefits and drawbacks to each financing option.