Realty Biz

SEPTEMBER 28, 2022

That could decrease the loan amount the homeowners can take out to buy the residence. If so, lenders may turn down your loan application due to the condition of the property, which could lead to additional costs for repairs. Investors who specialize in larger property deals look nationwide for suitable houses.

Purchase and sale agreement 75

Purchase and sale agreement Inspection Investor Closing costs 75

HomeLight

AUGUST 31, 2021

“You make a phone call or answer some questions online, agree to an offer, and then it’s not something you have to worry about anymore,” says Doug Van Soest , owner of a house flipping company in Southern California, in describing the typical way things go. Ask for proof of funds and EMD. Request Cash Offer.

Proof of funds 144

Proof of funds Investor Due diligence Closing 144

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 73

Sales Investor House Flipping Pre-approval 73

HomeLight

FEBRUARY 16, 2023

For Owner Matt Buttner, real estate runs in the family; he got his start in 2009 by helping his parents who owned a house-flipping company. While sweeping floors at first wasn’t as glamorous as HGTV shows, Matt learned the business and is now an investor, real estate broker, and house flipper.

Purchase and sale agreement 85

Purchase and sale agreement Closing costs Closing Investor 85