HomeLight

NOVEMBER 29, 2023

For many homeowners, it might seem like the only path forward is to sell, temporarily move out, and endure the inconvenience of living elsewhere while hunting for that perfect new home. Enter the bridge loan, a potential game-changer for your real estate strategy. What is a bridge loan, in simple words?

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HomeLight

NOVEMBER 29, 2023

You might think your only option is to sell your current home, find a temporary place to live, and search for your new dream house. However, a bridge loan could be the solution you’re looking for. 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 83

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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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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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

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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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 102

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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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 90

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. Still, upon the sale of your home, you must pay that advance back.

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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 81

HomeLight

JANUARY 4, 2022

Fifty-seven percent of agents have seen buyers leverage their own retirement or securities funds, 49% have seen buyers take out a home equity loan or home equity line of credit, and 38% have seen buyers receive short-term loans from family members in order to buy a house with cash.

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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. Reminders for closing: .

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Purchase and sale agreement Inspection MLS Inspection contingency 92

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. Buying a house from an iBuyer is not much different than buying a home the traditional way.

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Title House Flipping Title search Sales 79

HomeLight

MARCH 31, 2022

Step 9: Close the sale. Florida 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. Reminders for closing: .

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Purchase and sale agreement Inspection Title MLS 85

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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Purchase and sale agreement Inspection MLS Inspection contingency 83