HomeLight

JUNE 8, 2021

Myles Daniel , a real estate investor in Greenville, SC, spoke with HomeLight about the types of challenges or situations that can require a fast sale. Keep in mind, though, that a large item such as foundation cracks will raise red flags in an inspection, resulting in a price discount. Common reasons people need to sell fast.

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Short sale Agents Sales Days on market 111

HomeLight

JULY 31, 2021

Profitable flips drive investor activity. Timeline of a cash sale in Pittsburgh. The Pittsburgh real estate market draws investors with its budget-friendly home prices, profitable gross flipping ROI, and 90-plus neighborhoods to find a great investment. Profitable flips drive investor activity.

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Investor Inspection Sales Closing 110

HomeLight

SEPTEMBER 20, 2022

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales. What is a short sale?

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Short sale Sales Pre-approval Equity 83

HomeLight

FEBRUARY 26, 2021

And in most cases, an investor or flipper who purchases the home will want to make those bigger renovations themselves, as they have the expertise and resources to tackle them faster and less expensively. Target a network of investors and house flippers who are seeking properties to renovate. Investors want a deal.

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Investor Inspection Renovation Sales 88

HomeLight

APRIL 15, 2022

They share photos of the home, complete a digital walkthrough, and have the property exterior inspected. iBuyers tend to offer much closer to market value than other types of investors and flippers, but they also charge a service fee and are limited in the types of homes they will buy. What does iBuyer stand for?

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Title House Flipping Title search Sales 85

HomeLight

NOVEMBER 9, 2021

You just heard about short sales, and they sound intriguing. But it would be a mistake to think you’re automatically getting a deal with a short sale. Short sales fall into the category of “distressed” sales. Here’s when it’s good to buy a short sale house. First: What’s a short sale?

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Short sale Sales Purchase and sale agreement Banks 86

HomeLight

AUGUST 31, 2020

You will also have to expect a drawn-out process and condition issues, and you’ll have to button up your insurance and inspection processes. You can also be assured that the bank will have the house inspected before it’s available for sale, so you’ll at least know what condition it’s in before you buy it. It takes a while.”.

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Banks Inspection Inspection contingency Title 92

HomeLight

SEPTEMBER 1, 2020

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.”. If your offer is accepted, you start the process of inspections, title checks, and negotiations while securing a mortgage loan and signing the papers when it’s all said and done.

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Banks Inspection contingency Inspection FHA loan 77

HomeLight

NOVEMBER 10, 2021

Though each business operates a little differently, iBuyers generally provide near-instant cash offers for homes, allow you to sell your home mostly or entirely online, and can facilitate much faster closings than a more traditional or financed buyer. Request a cash offer. Decide if you want to accept it. Close in as few as 10-14 days.

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Home sale contingency Sales Closing Short sale 96

HomeLight

AUGUST 10, 2022

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Simple Sale , a solution from HomeLight, is an online platform where sellers in Atlanta (and across the country) can request a cash offer for their home. Individual investor fees may vary.

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Closing costs Purchase and sale agreement Closing Inspection 75

HomeLight

SEPTEMBER 30, 2020

While investors are known to attend and bid at foreclosure auctions, you can do it, too. You’re not spending any money into it until after you’re under contract and based on your inspection.”. Unlike live auctions, many auction websites charge a fee on top of the sale price. “If Figure out your financing.

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Due diligence Hard money loan Finance Banks 98

HomeLight

OCTOBER 5, 2020

Even when the bank has set an appropriate price for the home, in line with its appraised value, the current real estate market in the area can have an important impact on its eventual sale price. Even if you can’t conduct a typical home inspection , there are things you can do to better gauge the home’s condition. Buyer beware!

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Due diligence Earnest money deposit Banks Inspection 53

Kyle Handy

JANUARY 20, 2023

A house flipper isn’t just a real estate investor when done right. Others know that their property isn’t going to pass a house inspection. As a real estate agent or investor, you probably already know which neighborhoods are best for flipping homes. They’re someone investing in and improving their community.

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House Flipping Bankruptcy Investor Renovation 89

HomeLight

FEBRUARY 28, 2022

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Simple Sale , a solution from HomeLight, is an online platform where sellers in Colorado (and across the country) can request a cash offer for their home. Individual investor fees may vary.

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Closing costs Closing Sales Staging 77

HomeLight

AUGUST 24, 2022

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Simple Sale , a solution from HomeLight, is an online platform where sellers in New Jersey (and across the country) can request a cash offer for their home. Individual investor fees may vary.

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Closing costs Purchase and sale agreement Closing Staging 75

HomeLight

FEBRUARY 17, 2022

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. If your home was severely damaged in a weather event, or you’ve fallen years behind on routine maintenance, you can still sell without needing to make the extensive repairs that financed buyers may require.

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Closing costs Closing Sales Staging 73

HomeLight

AUGUST 25, 2020

“The sellers that we’ve been able to help with their properties, it’s usually something along the lines of, their home might need some repairs, and they don’t have the finances to be able to pay for those repairs before it hits the market,” he says. She could use the funds from the house sale to start over fresh,” he says.

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Marketing MLS Pre-approval Sales 55

HomeLight

FEBRUARY 16, 2023

However, the initial offer is typically subject to change after they have inspected your home. Simple Sale connects you to the largest network of cash buyers in the U.S. Partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. Individual investor fees may vary.

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Purchase and sale agreement Closing costs Closing Sales 81

HomeLight

DECEMBER 6, 2022

However, the initial offer is typically subject to change after they have inspected your home. Simple Sale , a solution from HomeLight, is an online platform where sellers in Denver (and across the country) can request a cash offer for their home. Individual investor fees may vary. Reviews: Simple Sale is a HomeLight platform.

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Purchase and sale agreement Closing costs Closing Sales 85

HomeLight

DECEMBER 29, 2023

As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. Depending on their situation, whether they’re facing foreclosure, price becomes way more important to what we have to do for the short sale with the bank.

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As-is Inspection Finance Investor 93

HomeLight

MAY 19, 2022

“As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. Especially if there are safety concerns, you’ll be looking for an investor to buy the home rather than a buyer willing to pay top dollar.”. Sell directly to a cash buyer.

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As-is Inspection Investor Closing costs 101

The Close

AUGUST 18, 2022

My solution: Showcase your home with over 60 international ads in key investor markets throughout Asia, Europe, South America, and more. I’ll inspect your home and property from top to bottom to reveal true problems affecting its successful sale: from specific condition issues, through lot sighting, home sighting, and location.

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Purchase and sale agreement Title Closing Short sale 98

HomeLight

MAY 23, 2022

As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. 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.

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As-is Inspection Investor Sales 92

HomeLight

JANUARY 19, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Then I have investors I’m working with who even like houses that have been burned up inside because that creates a blank canvas for them.”

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HomeLight

MAY 17, 2022

But if you’re not an experienced investor who has a background in fixing up homes to flip or rent, buying a foreclosure might not be a strategy you want to tackle on your own immediately. I mean, it takes probably, at the minimum, three to four months to get a short sale through.”. Step 3: Figure out your financing.

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Inspection Banks Short sale Title 94

HomeLight

JANUARY 4, 2022

It wasn’t long ago that the decision to sell your house for cash was associated with a neglected or foreclosed property whose value had plummeted, as an investor swooped in to snatch it up for a bargain. Buy-and-hold investors. Who’s paying cash for houses? Here are some of the most common sources of cash offers in 2022.

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Investor Finance Inspection Sales 98

HomeLight

MAY 23, 2022

A lot of times, sellers are trying to remove some future liability by listing their house ‘as is,’ but buyers do, of course, still have the opportunity to inspect it and ask for any repairs or a price reduction,” Rynders says. “So Consider a pre-listing inspection. Which types of homes are sold ‘as is’? Sell directly to a cash buyer.

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As-is Inspection Investor Closing costs 108

HomeLight

MAY 23, 2022

“As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. “I You’re looking for an agent who doesn’t shy away from listings that need a little TLC and maybe has a strong network of investor connections.

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As-is Purchase and sale agreement VA loan Inspection 86

HomeLight

MAY 23, 2022

As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. Then they’ll try to sell that contract to another investor or buyer to make a profit.”. There’s a lot of really good things about having your house pre-inspected.

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As-is Purchase and sale agreement Inspection Closing costs 98

HomeLight

FEBRUARY 24, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. I never recommend that someone skip a home inspection. I never recommend that someone skip a home inspection. Find a Buyer's Agent What is house flipping?

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House Flipping Inspection Renovation Finance 72

HomeLight

FEBRUARY 9, 2023

Let’s get into the details of where and how you can become an experienced real estate investor in the Golden State. Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. A top real estate agent can help.

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House Flipping Hard money loan Finance Investor 85

HomeLight

NOVEMBER 30, 2022

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for big bucks. It’s much harder for investors to find properties,” says Frey. Home inspection fees. What is house flipping? What’s contributing to the profit margin declines?

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House Flipping Inspection Investor Renovation 102

HomeLight

FEBRUARY 24, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. 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.

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HomeLight

APRIL 29, 2022

“Some people have a lot more time and energy to engage and make the best of the sale, and some people don’t,” says George Graham , a top real estate agent in the Seattle, Washington, area. An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds.

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As-is Purchase and sale agreement Investor Inspection 69

HomeLight

FEBRUARY 24, 2023

A cooling, less competitive Florida housing market means investors can find more opportunities to make a deal on the types of properties they need for a flip. Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit.

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House Flipping Renovation Investor Finance 93

HomeLight

MARCH 10, 2023

Investors and individuals are drawn to house flipping in the state of New York because it can be creatively satisfying as well as a very lucrative venture, with flippers earning an average profit of $56,400 in the Empire State. Wise says most of the investors in his area are looking for a 15%-20% profit.

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House Flipping Renovation Investor Finance 88

HomeLight

MARCH 21, 2022

House flippers are real estate investors that purchase properties at a discount with the intention of remodeling to add value, then resell those properties quickly for a profit. Certain investors on HomeLight’s Simple Sale platform. Local investors. These entities can range in size, areas served, and business goals.

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Closing costs Home sale contingency Investor Closing 95