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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HomeLight

AUGUST 16, 2021

A REIT is a company that owns and operates income-producing properties, such as apartment buildings or commercial lease properties, for its investors. I took a loan against my retirement account with no penalty,” Hardiman explains. “In down payment and some of the closing costs” needed for an FHA loan , she explains. “I

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HomeLight

JULY 31, 2022

Once you’ve zeroed in on a few different lenders, apply for preapproval or prequalification with each and compare the loans they are offering to see what works best for your situation. This is where you’ll make your offer on the price of the home along with how you’ll pay it — cash, a mortgage loan, or seller financing.

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HomeLight

MARCH 31, 2022

For example, waterfront homes may garner a price increase of up to 250% when compared to similar inland homes. And a booming rental market means that tourist locations and vacation-like amenities need to be priced right to attract investors. As a starting point, look at several online estimators for your home’s value.

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HomeLight

OCTOBER 30, 2020

A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. Because it’s fast.

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HomeLight

APRIL 15, 2022

An iBuyer is a deep-pocketed real estate technology company that uses digital tools to purchase homes directly from homeowners and close quickly. 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.

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HomeLight

JANUARY 3, 2023

Step 9: Close the sale. Colorado is a “wet close” state, meaning that “all of the paperwork needed to officially close the loan must be completed and approved on the exact day of loan closing,” according to mortgage company CMG Financial. –– or while the ink is still wet, so to speak. Who is buying homes in Colorado?

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HomeLight

MARCH 31, 2022

Step 9: Close the sale. Arizona is a “dry funding” state, meaning that “all parties get together to sign mortgage documents, but all of the paperwork required to officially close the loan doesn’t have to be completed at that time. Review your settlement statement for a complete list of fees and credits of the sale.

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