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Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes

HomeLight

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

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5 Legit We Buy Houses for Cash Companies in Colorado That Sellers Love

HomeLight

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.

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Selling to Florida Cash Home Buyers: Tips from Experts

HomeLight

In addition, 34% of Florida housing units are occupied by renters, so the state remains a hotspot for investor activity. Niakin says that most agents have a broad network of active investors. Before signing an offer, ask for proof of funds. Property investors. How to request a cash offer in Florida.

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How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

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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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. If you want to work with real estate investor clients, read our own Sean Moudry’s simple, yet thorough run down: “ How to Explain 1031 Exchange Rules to Your Clients.” Home inspection. ” A. .”