Housing Wire
AUGUST 10, 2023
Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. I rented back to the previous owner, and they are still the tenant.
HomeLight
DECEMBER 15, 2022
Mahan explains that in 2021’s hot seller’s market, “for some sellers looking at over 20 offers that were all very similar financing-wise and similar as far as net dollar amount, sometimes the offer letter would make them stand out one way or another and help them visualize a different person in their home.”.
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HomeLight
AUGUST 31, 2021
The associated contingencies , which come with additional risks for the seller, are where you’ll find most key distinctions between a cash offer and an offer backed by a mortgage loan. The most obvious contingency with an offer that requires financing is, of course, the financing itself. There’s no financing contingency.
The Close
FEBRUARY 6, 2024
The less your buyers need to finance, the less likely the deal will fall through. They only had to finance a small part of the home loan (less than $100,000) after they offered to pay 80% of the list price in cash. She encouraged the buyers to express fondness for the home, even the parts they intended to renovate.
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
MAY 24, 2022
If you’re planning to finance your next home, securing a lower mortgage rate now might save you money in the long run and make your house more affordable to potential buyers. With a cash buyer, there’s no worry about mortgage approval or financing contingencies delaying the sales process. Sell Fast With an All-Cash Offer.
HomeLight
JANUARY 28, 2022
We buy houses” companies are flippers who purchase properties “as is” for cash and renovate them, generating a profit at resale. After renovating the house, the company sells it at a significantly higher price — sometimes in a matter of weeks! But no one wants to be taken advantage of, conned, or ripped off. “We
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