Realtor.com

DECEMBER 14, 2022

Getty Images / Realtor.com When it comes to making the largest purchase of their lives, most homebuyers would prefer to play it safe in choosing a loan. That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. Many loans have caps on how high a borrower’s future payments can rise.

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Fixed-rate mortgage Mortgages Loans VA loan 102

Realtor.com

DECEMBER 14, 2022

Getty Images / Realtor.com When it comes to making the largest purchase of their lives, most homebuyers would prefer to play it safe in choosing a loan. That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. Many loans have caps on how high a borrower’s future payments can rise.

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Fixed-rate mortgage Mortgages Loans VA loan 99

Real Trends

OCTOBER 21, 2022

Are we on the all-new crazy train, destined to crash off the cliff in a pile of short sales and foreclosures? Are distressed sales headed to your market? The headlines say that the influx of active listings will drive prices down, reduce the velocity of sales and, consequently, wreck the market. Is the bubble bursting?

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New Construction Equity Short sale Construction 105

HomeLight

MARCH 18, 2022

By eliminating lender involvement, you open up sales to non-traditional buyers, such as house flippers , buy-and-hold investors , and iBuyers. After all, investors are buying the property for business reasons, so their profit margins are usually top-of-mind. Step 4: Coordinate on lien searches or inspections. Find Agent.

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Inspection Investor Sales Agents 100

HomeLight

SEPTEMBER 1, 2020

In a normal home sale, if the home inspection finds issues, you can negotiate with the seller. But with an REO sale, you generally won’t get an additional discount on the price or to ask for repairs. Are you planning on using an FHA 203(k) rehab loan and rolling the costs of repairs into the financing?

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Banks Agents Sales Short sale 87

HomeLight

JULY 31, 2021

Profitable flips drive investor activity. Timeline of a cash sale in Pittsburgh. The Pittsburgh real estate market draws investors with its budget-friendly home prices, profitable gross flipping ROI, and 90-plus neighborhoods to find a great investment. Profitable flips drive investor activity.

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Investor Inspection Sales Closing 109

HomeLight

JUNE 8, 2021

Myles Daniel , a real estate investor in Greenville, SC, spoke with HomeLight about the types of challenges or situations that can require a fast sale. Keep in mind, though, that a large item such as foundation cracks will raise red flags in an inspection, resulting in a price discount. Common reasons people need to sell fast.

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HomeLight

MARCH 30, 2022

Whether you’re an investor looking for a speedy sale so you can move on to your next deal or a homeowner trying to unload a property quickly to avoid financial strain, you’re in search of real estate cash buyers to purchase your house without a lengthy or uncertain process. Keep it simple with HomeLight’s Simple Sale platform.

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Sales Investor Renovation Due diligence 99

HomeLight

JANUARY 25, 2021

Kyle McCorkel , an investor who regularly buys, rehabs, and resells properties around Harrisburg, Pennsylvania, recently bought a 1,200-square-foot townhouse for $55,000 from two brothers who wanted to sell the home on behalf of their father, who has health issues and let it fall into disrepair. Your property suffered severe damage.

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Purchase and sale agreement Investor Inspection Due diligence 106

HomeLight

AUGUST 31, 2020

You will also have to expect a drawn-out process and condition issues, and you’ll have to button up your insurance and inspection processes. If it does sell, the lender gets back some of the outstanding loan amount through the sale. With an REO, you can also get the house inspected yourself after committing to buy it.

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Banks Inspection Inspection contingency Title 95

HomeLight

SEPTEMBER 20, 2022

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales. What is a short sale?

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HomeLight

SEPTEMBER 1, 2020

If the former homeowner defaulted on an FHA loan, the home may become inventory for various HUD programs, including the Good Neighbor Next Door program. 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.”. Source: faiq daffa / Unsplash).

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Banks Inspection contingency Inspection FHA loan 82

HomeLight

NOVEMBER 9, 2021

You just heard about short sales, and they sound intriguing. But it would be a mistake to think you’re automatically getting a deal with a short sale. Short sales fall into the category of “distressed” sales. Here’s when it’s good to buy a short sale house. First: What’s a short sale?

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HomeLight

APRIL 15, 2022

They share photos of the home, complete a digital walkthrough, and have the property exterior inspected. iBuyers tend to offer much closer to market value than other types of investors and flippers, but they also charge a service fee and are limited in the types of homes they will buy. What does iBuyer stand for?

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Title House Flipping Title search Sales 88

Kyle Handy

JANUARY 20, 2023

A house flipper isn’t just a real estate investor when done right. Others know that their property isn’t going to pass a house inspection. As a real estate agent or investor, you probably already know which neighborhoods are best for flipping homes. They’re someone investing in and improving their community.

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House Flipping Bankruptcy Investor Renovation 89

HomeLight

AUGUST 10, 2022

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Simple Sale , a solution from HomeLight, is an online platform where sellers in Atlanta (and across the country) can request a cash offer for their home. Individual investor fees may vary.

Closing costs 81

Closing costs Purchase and sale agreement Closing Inspection 81

HomeLight

OCTOBER 5, 2020

When a home goes up for auction, there’s usually at least one financial claim on the house, usually by the lender who’s been trying to collect on the home loan. A home equity loan or line of credit. Even if you can’t conduct a typical home inspection , there are things you can do to better gauge the home’s condition.

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Due diligence Earnest money deposit Banks Inspection 54

HomeLight

SEPTEMBER 30, 2020

While investors are known to attend and bid at foreclosure auctions, you can do it, too. You’re not spending any money into it until after you’re under contract and based on your inspection.”. Unlike live auctions, many auction websites charge a fee on top of the sale price. “If But how do foreclosure auctions work? “An

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Due diligence Hard money loan Finance Banks 98

HomeLight

AUGUST 24, 2022

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Simple Sale , a solution from HomeLight, is an online platform where sellers in New Jersey (and across the country) can request a cash offer for their home. Individual investor fees may vary.

Closing costs 81

Closing costs Purchase and sale agreement Closing Staging 81

HomeLight

FEBRUARY 28, 2022

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Simple Sale , a solution from HomeLight, is an online platform where sellers in Colorado (and across the country) can request a cash offer for their home. Individual investor fees may vary.

Closing costs 82

Closing costs Closing Sales Staging 82

HomeLight

FEBRUARY 17, 2022

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. That includes an average of 32 days on market , plus the typical 54 days a buyer needs to close on a purchase loan. Individual investor fees may vary. Sale timeline. Inspections / repairs.

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Closing costs Closing Sales Staging 77

HomeLight

FEBRUARY 16, 2023

However, the initial offer is typically subject to change after they have inspected your home. Simple Sale connects you to the largest network of cash buyers in the U.S. Partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. Individual investor fees may vary.

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Purchase and sale agreement Closing costs Closing Sales 86

HomeLight

DECEMBER 6, 2022

However, the initial offer is typically subject to change after they have inspected your home. Simple Sale , a solution from HomeLight, is an online platform where sellers in Denver (and across the country) can request a cash offer for their home. Individual investor fees may vary. Reviews: Simple Sale is a HomeLight platform.

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Purchase and sale agreement Closing costs Closing Sales 90

HomeLight

MAY 19, 2022

“As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. You are limiting the number of buyers that could purchase the property because of the type of loan they have,” Umanzor says. Consider a pre-listing inspection.

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As-is Inspection Investor Closing costs 104

HomeLight

DECEMBER 29, 2023

As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. Depending on their situation, whether they’re facing foreclosure, price becomes way more important to what we have to do for the short sale with the bank.

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As-is Inspection Finance Investor 96

HomeLight

MAY 23, 2022

As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. Buyers need to ask direct questions and pay close attention to the results of a home inspection so that they can determine the condition of the property and its features.

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As-is Inspection Investor Sales 96

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. However, unless homeowners can come current on their current mortgage or negotiate a loan modification, they will lose their home. Foreclosure.

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Inspection Banks Short sale Title 97

HomeLight

MAY 23, 2022

Schaus does business in the area of Fort Bragg, which means that Department of Veterans Affairs home loans ( VA loans ) are used very often by buyers. “As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. “I

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As-is Purchase and sale agreement VA loan Inspection 88

HomeLight

JANUARY 19, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Then I have investors I’m working with who even like houses that have been burned up inside because that creates a blank canvas for them.”

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House Flipping Inspection Renovation Finance 100

HomeLight

MAY 23, 2022

A lot of times, sellers are trying to remove some future liability by listing their house ‘as is,’ but buyers do, of course, still have the opportunity to inspect it and ask for any repairs or a price reduction,” Rynders says. “So Consider a pre-listing inspection. Which types of homes are sold ‘as is’? Sell directly to a cash buyer.

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As-is Inspection Investor Closing costs 110

HomeLight

MAY 23, 2022

As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. Then they’ll try to sell that contract to another investor or buyer to make a profit.”. There’s a lot of really good things about having your house pre-inspected.

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As-is Purchase and sale agreement Inspection Closing costs 101

HomeLight

JANUARY 4, 2022

It wasn’t long ago that the decision to sell your house for cash was associated with a neglected or foreclosed property whose value had plummeted, as an investor swooped in to snatch it up for a bargain. Buy-and-hold investors. Who’s paying cash for houses? Here are some of the most common sources of cash offers in 2022.

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Investor Finance Inspection Sales 98

HomeLight

APRIL 29, 2022

“Some people have a lot more time and energy to engage and make the best of the sale, and some people don’t,” says George Graham , a top real estate agent in the Seattle, Washington, area. An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds.

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As-is Purchase and sale agreement Investor Inspection 73

HomeLight

FEBRUARY 9, 2023

Let’s get into the details of where and how you can become an experienced real estate investor in the Golden State. Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. A top real estate agent can help.

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House Flipping Hard money loan Finance Investor 89

HomeLight

FEBRUARY 24, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. I never recommend that someone skip a home inspection. I never recommend that someone skip a home inspection. Find a Buyer's Agent What is house flipping?

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House Flipping Inspection Renovation Finance 74

HomeLight

MARCH 21, 2022

House flippers are real estate investors that purchase properties at a discount with the intention of remodeling to add value, then resell those properties quickly for a profit. Certain investors on HomeLight’s Simple Sale platform. Local investors. These entities can range in size, areas served, and business goals.

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Closing costs Home sale contingency Investor Closing 98

HomeLight

NOVEMBER 30, 2022

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for big bucks. It’s much harder for investors to find properties,” says Frey. Home inspection fees. What is house flipping? What’s contributing to the profit margin declines?

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House Flipping Inspection Investor Renovation 104