HomeLight

MARCH 13, 2023

Competition from house-flip companies. They may want to avoid the 6% interest rate of a loan by buying with cash. Flexible closing date: While closing typically takes place faster with a cash buyer than with a traditional loan-backed sale, Speed points out that sellers may need to wait a little longer before closing.

Sales 70

Sales Investor House Flipping Pre-approval 70

HomeLight

MARCH 13, 2023

Once both parties agree on the price, they sign a contract and submit it to a title company (at which point it goes into escrow). The buyer does due diligence during the option period in California, which is typically one to 10 days. According to data from Ellie Mae, purchase loans take an average of 50 days to close.

Sales 91

Sales Purchase and sale agreement Due diligence Inspection 91

HomeLight

JANUARY 20, 2023

Investors, iBuyers, and other “we buy houses” companies see opportunity in Dallas. Common types of cash buyers in Dallas Typically, you will find the following types of cash buyers in Dallas: House-flipping investors who are looking to buy low and sell high. Both parties sign a contract and submit it to a title company.

Sales 76

Sales Investor Due diligence Agents 76