Realty Biz
FEBRUARY 16, 2024
Buyers, investors, sellers, and the go-between, real estate agents, brokers, appraisers, etc., You need to finish a state-approved pre-licensing real estate course. Complete a pre-licensing education (varies from state to state but usually lasts around 135 hours) and pass a state licensing exam. Now comes the real challenge!
HomeLight
SEPTEMBER 15, 2022
Experienced investors and developers are often present at these trade-offs, making it easier to deal with problem properties,” he says. Step 4: Determine the qualification process for bidders. Your home will be visible to pre-qualified, serious buyers. The sale is not contingent on an appraisal or inspection.
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HomeLight
JULY 30, 2021
The seller can determine the terms of the option, which may or may not include a pre-set purchase price for the home. What about the appraisal and inspections? While getting an inspection on a house before you buy it is always a good idea, it doesn’t mean the seller will be responsible for any needed repairs.
HomeLight
JUNE 28, 2021
Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. Get pre-qualified with a mortgage lender. Qualifying for a HUD home. Find a HUD-approved agent. No problem!
HomeLight
AUGUST 31, 2021
submit your purchase offer with a pre-qualification or preapproval letter from a lender, these funds aren’t a sure thing until the loan is fully approved. Cash buyers have the option of taking these same steps for appraisals and inspections, but they aren’t required to so to appease a lender. The inspection.
Realty Biz
JANUARY 12, 2021
It also requires qualifying for a bank loan based on passing a set of rigid qualification standards. It means proving you are pre-qualified for a loan before you know what house you might buy. Although the professional inspection is for your peace of mind, your lender can refuse to accept it. Or seller financing.
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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