Point2Homes

OCTOBER 19, 2021

So, you’ve decided to enter the exciting world of house flipping. In this guide, we’ll take a look at the key steps you’ll need to take to flip your first house. When looking for houses to flip , it’s important to think like an investor, not a homebuyer. Find Financing. Sell Your Flip.

House Flipping 94

House Flipping Renovation Pre-approval Finance 94

HomeLight

MARCH 13, 2023

Speed: One of the biggest benefits is a fast sale, as cash buyers are able to close the transaction quickly without the delays often associated with traditional home sales, such as waiting for financing approval or appraisal. You can typically sell your house in as few as 10 days. Keep in mind that this isn’t always the case.

Sales 87

Sales Purchase and sale agreement Due diligence Inspection 87

HomeLight

SEPTEMBER 15, 2022

The National Association of Realtors agrees that auctions can accelerate a sale, in addition to offering these key benefits for sellers: Higher visibility among pre-qualified, prepared buyers who are ready to buy. Your home will be visible to pre-qualified, serious buyers. The sale is not contingent on an appraisal or inspection.

Pre-qualification 83

Pre-qualification Pre-approval Investor Agents 83

HomeLight

MARCH 13, 2023

Competition from house-flip companies. Certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few, if any, contingencies. Less hassle: Skip showings and open houses. No pre-qualifying for a loan. Weather events cause widespread foundation issues.

Sales 67

Sales Investor House Flipping Pre-approval 67

HomeLight

AUGUST 31, 2021

“You make a phone call or answer some questions online, agree to an offer, and then it’s not something you have to worry about anymore,” says Doug Van Soest , owner of a house flipping company in Southern California, in describing the typical way things go. Even if you’re selling “as is”, an inspection could still be required.

Proof of funds 144

Proof of funds Investor Due diligence Closing 144

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.

Closing costs 91

Closing costs Home sale contingency Investor Closing 91