The Close

APRIL 30, 2024

Strategy 2: Offer Seller Financing This idea isn’t as much a price-reduction strategy as it is about attracting buyers. If the seller can offer full or partial seller financing at slightly better than market mortgage rates, a buyer may be willing to pay a little more for the property since they’ll save money on interest payments over time.

Agents 77

Agents Short sale Staging Sales 77

Point2Homes

JUNE 4, 2021

The local government websites are a good starting point, but you can also check out real estate websites, MLS reports and even local newspapers. Also, it’s very rare that you’ll be able to take out a mortgage to finance an auction property. Also, it’s worth considering short sales and REO properties as an alternative.

Title search 96

Title search Title Inspection Short sale 96

HomeLight

OCTOBER 5, 2020

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. What’s a short sale?

Short sale 77

Short sale Sales Pre-approval Pre-qualification 77

HomeLight

MARCH 30, 2022

His client received a cash offer of $60,000 over the asking price, but the sale likely would have fallen through because of a low appraisal if the buyer needed financing. Reduce the time it takes to close your sale. Take away risks of your sale falling through. Benefits of real estate cash buyers.

Sales 95

Sales Investor Renovation Due diligence 95

HomeLight

JULY 6, 2023

That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. An offer has been accepted, and the sale is expected to close. I can do that from my phone.”

MLS 92

MLS Backup offer Inspection contingency Purchase and sale agreement 92

HomeLight

DECEMBER 2, 2021

One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale? Your agent will also ensure that all additional legal guidelines required in a short sale are followed.

Short sale 82

Short sale Sales Loans Banks 82

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. Off-market sales have their benefits as well as drawbacks.

Marketing 55

Marketing MLS Pre-approval Sales 55

HomeLight

MARCH 30, 2021

You may have heard a little bit about short sales — enough to know that this type of real estate listing can present some opportunities to get a good deal. But while short sales offer potential opportunities , they come with plenty of potential pitfalls as well. Know if a short sale is the best option for you.

Short sale 60

Short sale Sales Pre-approval Closing costs 60

HomeLight

JANUARY 3, 2022

NAR reports that 5% of recent contracts were terminated , with the most common reasons being appraisal issues (13%), home inspection issues (9%), financing issues (8%), titling or deed issues (4%), or contract contingencies (3%). Now let’s say Sam and Diane consider working with an iBuyer, such as HomeLight’s Simple Sale platform.

Agents 94

Agents Title Inspection Title search 94

HomeLight

SEPTEMBER 30, 2020

They have access to MLS listings and can advise you on how to approach the auction — and this includes knowing what amount to spend. Figure out your financing. You can get financing for foreclosed and auction properties… but prepare for some potential obstacles, as well as long approval times from the bank.

Due diligence 98

Due diligence Hard money loan Finance Banks 98

Kyle Handy

JANUARY 20, 2023

They want to sell their house without an MLS listing or an agent, so they list it on Zillow and wait for potential offers to come in. To be even more creative, you could target those looking up information about a foreclosed home, what it takes to recover a foreclosed property, or how to navigate a short sale with a lender.

House Flipping 89

House Flipping Bankruptcy Investor Renovation 89

HomeLight

MAY 10, 2021

A buyer’s agent knows where and how to tap into unlisted homes — that is, homes not listed on the MLS where competition may be fierce in a hot market. These might be so-called “ pocket listings ,” or they might be non-standard sales like short sales or foreclosures, which can be even trickier to find (and to navigate).

Agents 104

Agents Inspection Brokerage Closing 104

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.”. Ask your agent to find you bank-owned or REO homes on the MLS (multiple listing service) that meet your specifications. Source: Judy Grayson / Unsplash). Step 3: Find available homes near you.

Banks 78

Banks Inspection contingency Inspection FHA loan 78

HomeLight

SEPTEMBER 30, 2021

Your real estate agent will give you a more precise number using a comparative market analysis (CMA) that analyzes the value of your home based on comparable sales, a tool that you will use to price your home when the day comes. This is where you’ll be able to see: The sale price of the property. Contact your lender.

Mortgages 101

Mortgages Debt-to-income ratio Equity Closing costs 101

HomeLight

JULY 31, 2021

Home prices have risen in lockstep with the city’s ongoing improvements and jobs market; in Q2 2021, the median sales price for Maricopa County — where Phoenix is based — saw an annual 27% increase in median real estate sales prices , according to data from the Arizona Realtors MLS. Landlord laws entice Phoenix cash buyers.

Investor 86

Investor Seller disclosure Sales Closing 86

HomeLight

OCTOBER 27, 2021

Most online property value tools draw on multiple listing service, or MLS, data. Because they look at recent sales in the home’s area to determine value, they claim to be similar to an agent’s comparable market analysis. Distressed properties and other sales skew data. Short sales and foreclosures can also skew data.

Sales 73

Sales Title Agents As-is 73

HomeLight

DECEMBER 29, 2023

Fast facts about selling a house ‘as is’ in Minnesota Median sales price in Minnesota $334,900 Average days on market (DOM) for Minnesota 32 days Disclosures Minnesota law requires sellers to disclose material facts about the property through the Minnesota Seller’s Property Disclosure Statement. Yes Is a real estate attorney required?

As-is 93

As-is Inspection Finance Investor 93

HomeLight

FEBRUARY 9, 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 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.

House Flipping 85

House Flipping Hard money loan Finance Investor 85

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 95

House Flipping Renovation Finance Agents 95

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. 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.

House Flipping 97

House Flipping Inspection Renovation Finance 97

HomeLight

MAY 23, 2022

MLS has field to mark a listing “as is”? In North Carolina, there isn’t a specific “as is” checkbox they can use when listing a home on the multiple listing service (MLS), so they have to include it in the Remarks 1 and Remarks 2 fields. Want to know more about the Simple Sale experience? Disclosures.

As-is 85

As-is Purchase and sale agreement VA loan Inspection 85

HomeLight

APRIL 29, 2022

MLS has field to mark a listing “as is”? Not in Northwest MLS, the largest MLS in the region ; agents instead will include “as is” in the property notes. Graham will look for items that a seller could do easily to make the property financeable, making it more attractive to investors. “A Disclosures. Advises on easy fixes.

As-is 70

As-is Purchase and sale agreement Investor Inspection 70

HomeLight

FEBRUARY 4, 2022

The bank will then work with a listing agent to list the home on the MLS. Use the MLS. You’ve probably searched Zillow or realtor.com or even individual real estate agent sites for homes for sale — or just to look at the island property you’ve been dreaming about buying when you win the lottery. Track a foreclosure property.

Agents 80

Agents Banks MLS Title 80

HomeLight

MAY 19, 2022

MLS has field to mark a listing “as is”? Umanzor says that homes sold “as is” in the area typically sell for less than regular listings and have a reduced buyer pool, which is why he always provides an offer to help finance home improvement projects for his sellers prior to listing a house. Average days on market for Maryland.

As-is 101

As-is Inspection Investor Closing costs 101

HomeLight

MAY 23, 2022

Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure. MLS has field to mark a listing “as is”? On occasion, conventional lenders may even finance a fixer-upper property sold “ as is ,” and it’s not impossible to finance a fixer-upper with an FHA loan.

As-is 97

As-is Purchase and sale agreement Inspection Closing costs 97

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 Massachusetts 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 72

House Flipping Inspection Renovation Finance 72

HomeLight

MAY 23, 2022

MLS has field to mark a listing “as is”? In Wisconsin, there is no specific as-is checkbox or label for agents to mark on the multiple listing service (MLS), so that information will need to be included in the listing. Average days on market for Wisconsin. 46 Days (from listing to contract). Disclosures. Real estate transfer taxes?

As-is 107

As-is Inspection Investor Closing costs 107

HomeLight

MAY 23, 2022

MLS has field to mark a listing “as is”? But if you do end up working with a financed buyer, be aware that different mortgage types (such as conventional loans or government-backed FHA, USDA, or VA loans) have different minimum property standards. Curious to know more about the Simple Sale experience? Real estate transfer taxes?

As-is 92

As-is Inspection Investor Sales 92

HomeLight

OCTOBER 27, 2021

Whereas with a preforeclosure, you have the ability to finance that transaction and the benefit of seeing the property. And that prospect can be tricky, as these homes aren’t as easy to find as a house that’s listed on the MLS because they’re not for sale.

Purchase and sale agreement 87

Purchase and sale agreement Inspection Homeowner’s association Title 87

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 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.

House Flipping 93

House Flipping Renovation Investor Finance 93

Marco Santarelli

DECEMBER 20, 2020

Let’s learn how to find investment properties for sale. How To Find Investment Properties For Sale: Search For Off-Market Deals. Once the property hits the MLS, you’re going to be in a bidding war with others considering buying the same property. When you search a site like realtor.com, you’ll be searching the MLS.

Sales 80

Sales MLS Renovation Investor 80

HomeLight

MARCH 10, 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 New York 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 88

House Flipping Renovation Investor Finance 88

HomeLight

AUGUST 24, 2022

Imagine you list your home for sale and attract a buyer right away who is also willing to offer a top price. However, this buyer needs a mortgage to finance the deal, and that can take months. By contrast, a cash sale can be wrapped up in as few as 7 to 10 days since the transaction doesn’t require a lender’s involvement.

Purchase and sale agreement 105

Purchase and sale agreement Title search Proof of funds Title 105

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 Texas 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 76

House Flipping Renovation Investor Finance 76

The Close

DECEMBER 29, 2022

A short-term loan that covers the cost to build a property until the owner can secure long-term financing. Simply put, this measures the number of days a property is for sale, from the day it is listed on the multiple listing service (MLS) to the day a buyer and seller are under contract. Construction loan. Contingency.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97

Marco Santarelli

MARCH 15, 2021

Housing data by Bright MLS, Inc. The following housing report of the Philadelphia Metro Area is based on February 2021 Bright MLS housing data. To solve this problem, the Pennsylvania Housing Finance Agency has been working with homeowners via their Residential Mortgage Foreclosure Diversion program.

Marketing 126

Marketing Investor Sales As-is 126

Marco Santarelli

NOVEMBER 27, 2021

22 by personal finance website GOBankingRates, “50 Housing Markets That Are Turning Ugly,” based on risk variables like price appreciation, foreclosure rates, and marketing delays. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in July.

Marketing 97

Marketing Investor Sales As-is 97