HomeLight

JUNE 10, 2024

Are you looking to fund your next real estate venture in Dallas with a hard money loan? Whether you’re hoping to flip a ranch-style home in Oak Cliff or purchase a townhouse rental in Uptown, hard money lenders in Dallas can provide the flexibility and speed you need. How does a hard money loan work?

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HomeLight

NOVEMBER 17, 2023

However, there’s a strategic solution that might just be the perfect fit for your situation: a bridge loan. In this guide, we’ll present the mechanics, pros, cons, and alternatives to bridge loans, in Maryland, ensuring you have all the tools you need to make the best decision on how to “Buy Before You Sell.”

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Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

DECEMBER 6, 2023

Selling your current home first means you might have to move twice – first to a temporary location, then to your new home. Enter the bridge loan – a short-term financing option that could be the key to securing your new home before you’ve sold your old one. What is a bridge loan, in simple words?

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Equity Loans Debt-to-income ratio Home sale contingency 91

HomeLight

SEPTEMBER 27, 2023

If you need assistance navigating the use of a bridge loan in Colorado, HomeLight encourages you to reach out to your own advisor. If you are selling your home in Colorado but also looking to purchase a new one, the timing of both transactions can feel impossible to plan perfectly. Learn More What is a bridge loan, in simple words?

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Equity Loans Debt-to-income ratio Home sale contingency 81

HomeLight

MARCH 31, 2023

DISCLAIMER: As a friendly reminder, this post is meant to answer questions about bridge loans in California and is intended for educational purposes, not financial advice. If you need assistance navigating the use of a bridge loan in California, HomeLight always encourages you to reach out to your own advisor.

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HomeLight

NOVEMBER 6, 2023

Especially in a market where inventory is scarce and home prices are high, the balancing act can seem daunting. Are you feeling cornered into selling first, moving out, and then scrambling to find a temporary rental while you search for your next home? You can then make a strong offer on your next home with no home sale contingency.

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Equity Loans Debt-to-income ratio Home sale contingency 94

HomeLight

SEPTEMBER 25, 2023

If you need assistance navigating the use of a bridge loan in Texas, HomeLight encourages you to reach out to your own advisor. Explore a bridge loan and let your home’s equity help fund your next house in the short term. Explore a bridge loan and let your home’s equity help fund your next house in the short term.

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Equity Loans Debt-to-income ratio Home sale contingency 79

HomeLight

JANUARY 3, 2023

Before the deal is final, you can expect the following next steps to occur: Complete the home inspection, usually within five days to a week of signing the purchase agreement. Complete home appraisal by a third-party independent appraiser (necessary if your buyer is using a mortgage). Step 9: Close the sale.

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Purchase and sale agreement Inspection MLS Inspection contingency 93

HomeLight

APRIL 15, 2022

A couple in Atlanta is ready to sell their charming and recently renovated three bed, two bath brick two-story home. They share photos of the home, complete a digital walkthrough, and have the property exterior inspected. They find this offer to be satisfactory and are able to close in days without mortgage lender involvement.

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Title House Flipping Title search Sales 79

HomeLight

MARCH 31, 2022

Before the deal is final, you can expect the following next steps to occur: Complete the home inspection, usually within five days to a week of signing the purchase agreement. Complete home appraisal by a third-party independent appraiser (necessary if your buyer is using a mortgage). Negotiate inspection items (if applicable).

Purchase and sale agreement 84

Purchase and sale agreement Inspection MLS Inspection contingency 84

HomeLight

MARCH 31, 2022

Before the deal is final, you can likely expect the following next steps to occur: Complete the home inspection, usually within five days to a week of signing the purchase agreement. Complete home appraisal by a third-party independent appraiser (necessary if your buyer is using a mortgage). Step 9: Close the sale.

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Purchase and sale agreement Inspection Title MLS 85

HomeLight

JULY 6, 2023

According to HomeLight’s Top Agent Insights Report for Summer 2023, a gents estimate that buyers only waived the inspection contingency on 20% of contracts. Financing contingency Sometimes called a mortgage contingency , this specifies that the deal hinges on the buyer securing their loan.

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MLS Backup offer Inspection contingency Purchase and sale agreement 86

HomeLight

MARCH 13, 2023

Aging homes require expensive upgrades and present insurance hurdles Two-thirds of Orlando homes were built before the year 2000. With the strong Florida sun shortening the lifespan of roofs and air conditioning systems, costly renovations may be necessary. People don’t have the money or time to fix them up,” says Reiner.

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Sales Investor Due diligence Renovation 75

HomeLight

MARCH 21, 2022

Not all sellers have the time or budget for hefty renovations necessary for a proper listing, and that’s OK. Generally trade-in companies will offer to buy your current home, freeing up your funds to buy a new home and removing the need for a home sale contingency. Orchard Move First. Local investors.

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Closing costs Home sale contingency Investor Closing 89

HomeLight

AUGUST 16, 2021

In this scenario, you take on the full responsibilities for a property for a period of time, including the ability to renovate the property. If you do intend to substantially renovate the property, you may be able to negotiate lower lease payments in exchange for the value you are adding to the asset. “I One program will “cover the 3.5%

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Purchase and sale agreement Equity FHA loan Home sale contingency 103

HomeLight

JANUARY 4, 2022

HomeLight’s 2020 agent survey found that buyers who would traditionally use a mortgage are finding ways to pay cash however they can. When a buyer adds contingencies to a real estate contract, the risk of a delayed or cancelled settlement increases. Turnkey homes are in especially high demand. You need quick access to cash.

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HomeLight

DECEMBER 22, 2020

It had brand new appliances, flooring, and renovated bathrooms. Everything in the home was fresh and ready to go. Other homes in the neighborhood were nowhere near as polished. “We “It was the second house we looked at, and we fell in love,” Rivera shares. And best of all? There was a perfect loft space playroom for the kids.

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Closing Home sale contingency FHA loan Title 82

HomeLight

APRIL 29, 2022

HomeLight Trade-In : Removes the stress of buying and selling a home at the same time. HomeLight works with your agent to make an offer on your current home, so you can make an offer on a new home with no lending or home sale contingency. It enables you to avoid double moves and mortgages.

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