HomeLight
APRIL 15, 2022
If an iBuyer wants to purchase your home, they’ll offer you cash in as little as a few days and you know the deal won’t fall through due to a financing or appraisal contingency. Cons: The most significant downside to selling your home to an iBuyer is you eliminate the possibility of a bidding war. Financing contingency.
HomeLight
NOVEMBER 10, 2021
By selling your house to one of the iBuyer companies, you can avoid many of these headaches. The term iBuyer refers to a group of high-tech house flipping businesses have grown rapidly in recent years since their introduction in the mid 2010s. HomeLight Trade-In allows you to buy a new home before selling your old one.
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HomeLight
MARCH 21, 2022
House flippers look for specific improvements to boost equity, such as cosmetic updates, mechanical repairs, an addition, or a change to the layout. Doug Van Soest , who owns a house flipping business in Southern California, purchases an average of 40 to 50 homes per year and says he typically aims for at least a 10% return on his investment.
HomeLight
JANUARY 4, 2022
According to a Q3 2021 study by ATTOM Data Solutions, all-cash home sales are at their highest level since the first quarter of 2015, with 34% of all single-family homes and condos purchased without financing. “In Who’s paying cash for houses? Reasons to sell your house for cash.
HomeLight
JANUARY 28, 2022
To get that return, they didn’t put much money into buying the home in the first place. Most people have seen a billboard or ad for one of the big wigs in the house flipping industry, We Buy Ugly Houses, owned by HomeVestors. According to their website, We Buy Ugly Houses buys homes regardless of their condition.
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