HomeLight

AUGUST 16, 2021

“One of the best lessons I have learned over the years from other investors is that you don’t find deals, you make them,” explains Mark Motes, a real estate investor at Mark Buys Houses , who buys fixer-upper properties in the Birmingham, Alabama, market with a team of local experts. There is never a perfect investment situation.

Banks 104

Banks Pre-qualification Investor Short sale 104

Realtor.com

DECEMBER 20, 2022

Just a few months ago, home prices hit record heights, investors were gobbling up scores of homes, and buyers were racing to purchase whatever they could before prices rose even further. Then, quite suddenly, the market seemed to seize up and prices and sales began falling. .” Mortgage lending is not nearly as risky.

Marketing 113

Marketing Construction Investor New Construction 113

HomeLight

MARCH 30, 2022

Whether you’re an investor looking for a speedy sale so you can move on to your next deal or a homeowner trying to unload a property quickly to avoid financial strain, you’re in search of real estate cash buyers to purchase your house without a lengthy or uncertain process. Reduce the time it takes to close your sale.

Sales 99

Sales Investor Renovation Due diligence 99

Housing Wire

MAY 13, 2021

As you probably know by now, the Federal Housing and Finance Agency has limited GSEs to a 7% cap on loan purchases for second home and investment properties. This means that lenders who sell these types of loans to Fannie Mae and Freddie Mac will be subject to restrictions if their volume exceeds 7%.

Loans 327

Loans Bankruptcy Investor Short sale 327

Realty Biz

AUGUST 4, 2020

Today, with millions of Americans missing their mortgage payments because of COVID-19, something similar to this program or some type of partial loan forgiveness might come back in the next several months. Short sales can be complicated. Short sales are complicated. Sell to an investor. Home improvements.

Equity 59

Equity Short sale Investor Title 59

HomeLight

SEPTEMBER 1, 2020

Timelines can stretch longer than a typical close cycle, and financing might not be the same, either. One of the first things an experienced REO specialist should ask is how you plan on financing the purchase. A home that goes to auction is often a cash-only sale, which may be outside your reach.

Banks 87

Banks Agents Sales Short sale 87

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?

Short sale 88

Short sale Sales Pre-approval Equity 88

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. Whatever the case, you can either pursue an off-market sale with a cash buyer, or, depending on your level of flexibility, sell on the open market with a few shortcuts worked in.

Short sale 109

Short sale Agents Sales Days on market 109

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.

Investor 109

Investor Inspection Sales Closing 109

HomeLight

SEPTEMBER 30, 2020

While investors are known to attend and bid at foreclosure auctions, you can do it, too. We also have a spreadsheet that does some assumptions, like a 30-year fixed loan and 5% [interest].” Figure out your financing. If the auction does not allow for financing through a mortgage, you can consider a hard-money loan.

Due diligence 98

Due diligence Hard money loan Finance Banks 98

HomeLight

JULY 31, 2021

International investors scooping up Phoenix real estate. Timeline for a cash sale in Phoenix. The Phoenix real estate market draws investors with its consistent housing stock, strong employment base, and vacation-worthy weather. cities where foreign investors are increasing their real estate investments. in Atlanta.

Investor 89

Investor Seller disclosure Sales Closing 89

HomeLight

APRIL 15, 2022

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. HomeLight’s Simple Sale platform is another option for selling your home quickly and with fewer hassles. What does iBuyer stand for?

Title 88

Title House Flipping Title search Sales 88

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?

Short sale 89

Short sale Sales Purchase and sale agreement Banks 89

Kyle Handy

JANUARY 20, 2023

A house flipper isn’t just a real estate investor when done right. As a real estate agent or investor, you probably already know which neighborhoods are best for flipping homes. Other Local Professionals Many real estate investors make the mistake of only networking with other real estate professionals.

House Flipping 89

House Flipping Bankruptcy Investor Renovation 89

HomeLight

SEPTEMBER 1, 2020

If the former homeowner defaulted on an FHA loan, the home may become inventory for various HUD programs, including the Good Neighbor Next Door program. 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.”. Source: faiq daffa / Unsplash).

Banks 82

Banks Inspection contingency Inspection FHA loan 82

HomeLight

AUGUST 24, 2022

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. Simple Sale has a network of cash buyers on its platform, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold.

Closing costs 81

Closing costs Purchase and sale agreement Closing Staging 81

HomeLight

OCTOBER 5, 2020

When a home goes up for auction, there’s usually at least one financial claim on the house, usually by the lender who’s been trying to collect on the home loan. A home equity loan or line of credit. You won’t be getting an auction foreclosure financed like a regular house — conventional lenders usually consider them far too risky.

Due diligence 54

Due diligence Earnest money deposit Banks Inspection 54

Marco Santarelli

JULY 23, 2022

Due to the crash, there may also be short sales and foreclosures, offering you the opportunity to acquire a deal. Mortgage approval rates today are lower than they were in the pre-crisis era, which suggests that borrowers are less likely to default on their loans. Many homebuyers may feel that obtaining a mortgage is too risky.

Mortgages 52

Mortgages Marketing Lending Equity 52

HomeLight

AUGUST 10, 2022

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. Simple Sale has a network of cash buyers on its platform, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold.

Closing costs 81

Closing costs Purchase and sale agreement Closing Inspection 81

HomeLight

FEBRUARY 28, 2022

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. Simple Sale has a network of cash buyers on its platform, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold.

Closing costs 82

Closing costs Closing Sales Staging 82

HomeLight

AUGUST 31, 2020

If it does sell, the lender gets back some of the outstanding loan amount through the sale. And you should consider getting some specialty inspections to make extra sure you aren’t buying a money pit, especially with this kind of sale. It gets to that phase after the borrower defaults on mortgage payments for a period of time.

Banks 95

Banks Inspection Inspection contingency Title 95

HomeLight

FEBRUARY 17, 2022

That includes an average of 32 days on market , plus the typical 54 days a buyer needs to close on a purchase loan. 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.

Closing costs 77

Closing costs Closing Sales Staging 77

HomeLight

FEBRUARY 16, 2023

Simple Sale (a HomeLight platform) Contact information: homelight.com/simple Phone: 844-488-8455 Locations: Nationwide, including Colorado Springs Simple Sale , a solution from HomeLight, is an online platform where sellers in Colorado Springs (and across the country) can request a cash offer for their home. The company has 4.6

Purchase and sale agreement 86

Purchase and sale agreement Closing costs Closing Sales 86

HomeLight

DECEMBER 6, 2022

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. Simple Sale has a network of cash buyers on its platform, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold.

Purchase and sale agreement 90

Purchase and sale agreement Closing costs Closing Sales 90

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.

As-is 96

As-is Inspection Finance Investor 96

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. You are limiting the number of buyers that could purchase the property because of the type of loan they have,” Umanzor says. Sell directly to a cash buyer.

As-is 104

As-is Inspection Investor Closing costs 104

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.

Investor 98

Investor Finance Inspection Sales 98

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.”

House Flipping 100

House Flipping Inspection Renovation Finance 100

HomeLight

MAY 23, 2022

Schaus does business in the area of Fort Bragg, which means that Department of Veterans Affairs home loans ( VA loans ) are used very often by buyers. “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

As-is 88

As-is Purchase and sale agreement VA loan Inspection 88

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.

House Flipping 89

House Flipping Hard money loan Finance Investor 89

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. However, unless homeowners can come current on their current mortgage or negotiate a loan modification, they will lose their home. Foreclosure.

Inspection 97

Inspection Banks Short sale Title 97

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. A good broker is going to tell you what is in your interest for getting the most money and for the most productive sale,” says Muncey. Sell directly to a cash buyer.

As-is 96

As-is Inspection Investor Sales 96

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. When a home is in truly terrible condition, then probably only a flipper or investor would buy it and have the funds and resources to fix it up,” Rynders says.

As-is 110

As-is Inspection Investor Closing costs 110

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.

House Flipping 98

House Flipping Renovation Finance Agents 98

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.

Closing costs 98

Closing costs Home sale contingency Investor Closing 98

HomeLight

APRIL 29, 2022

Graham says he frequently calculates the after-repair value (or ARV) of an as-is sale to arrive at a list price. Investors typically offer no more than 70% of a property’s ARV for a house they plan to flip. Look for an agent who: Understands investors. So if a property needs repairs, subtract those estimated costs from that 70%.

As-is 73

As-is Purchase and sale agreement Investor Inspection 73

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.

House Flipping 92

House Flipping Renovation Investor Finance 92