HomeLight

AUGUST 31, 2021

Let’s take a look at the most common foreclosure sales and how they work. Short sale. A short sale isn’t necessarily a foreclosure sale, but it’s common to see a short sale done to avoid foreclosure. A seller will usually have to prove financial hardship for the lender to agree to the sale.

Pre-approval 100

Pre-approval Short sale Banks Finance 100

HomeLight

SEPTEMBER 30, 2020

“An online option like a real estate owned (REO) property, you’re not spending any money into it,” says Durham. 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

Due diligence 98

Due diligence Hard money loan Finance Banks 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. An inspection might cost a few hundred dollars, but a $400 inspection can keep you away from a $10,000 or $20,000 problem,” he says.

House Flipping 99

House Flipping Inspection Renovation Finance 99

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. Even if something went wrong, you likely wouldn’t end up losing money. Donate recommends a hard money loan as the top financing strategy for flippers.

House Flipping 87

House Flipping Hard money loan Finance Investor 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. 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?

House Flipping 73

House Flipping Inspection Renovation Finance 73

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. Even if something went wrong, you likely wouldn’t end up losing money. Find a Buyer's Agent What is house flipping?

House Flipping 97

House Flipping Renovation Finance Agents 97

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. Even if something went wrong, you likely wouldn’t end up losing money. You don’t have a great chance to do an inspection or have the utilities turned on.

House Flipping 90

House Flipping Renovation Investor Finance 90