Redfin

JUNE 21, 2023

Lastly, establishing relationships with reputable contractors and property managers can streamline property renovations and day-to-day operations. Never buy a property without having an inspection A home inspection is pivotal in identifying potential flaws within a property.

Due diligence 57

Due diligence Earnest money deposit Investor Inspection 57

HomeLight

MARCH 13, 2023

The buyer does due diligence during the option period in California, which is typically one to 10 days. Although there are no required disclosures because the property is being sold as-is, there is an inspection period. I get inspections on big-ticket items like the sewer and the foundation.

Sales 94

Sales Purchase and sale agreement Due diligence Inspection 94

HomeLight

MARCH 13, 2023

With the strong Florida sun shortening the lifespan of roofs and air conditioning systems, costly renovations may be necessary. A cash buyer relieves them of the headaches of renovating and listing the property. Many people who contact Reiner have older homes that haven’t been updated. For a rental, not as much,” explains Joseph.

Sales 83

Sales Investor Due diligence Renovation 83

HomeLight

MARCH 16, 2023

They sign the lease just a couple of weeks after the home is renovated and ready for occupancy. He routinely works with multiple crews of contractors so he completes renovations at a lower cost and with fewer headaches than most homeowners. He adds that negotiations and home inspection issues could further reduce the price by 10%.

Sales 68

Sales Purchase and sale agreement Earnest money deposit Investor 68

HomeLight

MARCH 13, 2023

The buyer does due diligence during the agreed-upon option period in Texas (the number of days the buyer has to thoroughly inspect the property and terminate the contract for any reason: typically one to 10 days). Drive around your neighborhood to find homes being renovated.

Sales 72

Sales Investor House Flipping Pre-approval 72