HomeLight

MAY 17, 2022

But if you’re not an experienced investor who has a background in fixing up homes to flip or rent, buying a foreclosure might not be a strategy you want to tackle on your own immediately. I mean, it takes probably, at the minimum, three to four months to get a short sale through.”. But it takes literally months. Foreclosure.

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Inspection Banks Short sale Title 90

HomeLight

JULY 31, 2021

The main method is to request a cash offer from an investor or cash-buying company that will likely purchase your home “as is.” Our guide aims to address the urgency of needing cash with the level of thought and care that a sale of this weight requires. says Andy Kolodgie , a real estate investor in Washington, D.C. Good bones.

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Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

FEBRUARY 26, 2021

By saying your sale is “as is,” you’re not preventing a buyer from requesting an inspection , just signaling that no matter what the inspection finds, you don’t want to negotiate on price. Cash buyers or investors will be more receptive to the ‘as is’ label. How investors see “as is” differently.

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HomeLight

AUGUST 31, 2020

And you should consider getting some specialty inspections to make extra sure you aren’t buying a money pit, especially with this kind of sale. Get an inspection contingency so you can get out of the deal if there are serious issues that the bank missed. An REO should be free of liens or other title issues.

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Banks Inspection Inspection contingency Title 92

HomeLight

SEPTEMBER 1, 2020

You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”. Make sure the offer includes any important contingencies, such as an inspection contingency. Step 9: Order an inspection. Source: Birgit Loit / Unsplash).

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