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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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Tempted by a Cash Offer for Your Home? Dissect It With This Guide

HomeLight

Your sale is more likely to close and close faster with a cash offer than with an offer that hinges on a mortgage approval. While all-cash offers used to be relatively rare, they now make up 25% of all home sales. A cash offer may come from a homebuyer with liquid funds who wants an edge over the competition.

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

HomeLight

Whatever the case, a We Buy Houses for Cash company could be the best solution if you’re looking for a quick and easy sale. No repairs, no staging, no open houses. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Colorado. Simple Sale. Website: [link].

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11 Homeselling Myths, Debunked

The Close

Home sale preparation is done like a dealership preps the cars for the lot. Still, the car was detailed, professionally photographed, staged, posted online, and syndicated to numerous websites to find a buyer. Plus, consider the fact that if an issue arises during the inspection, they can offer a credit to keep the deal moving forward.

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7 of the Top We Buy Houses for Cash Companies in Central Florida

HomeLight

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. However, the initial offer is typically subject to change after they have inspected your home. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract.

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How Long Does It Take to Get Preapproved for a Mortgage? Here’s Your Ballpark Guide!

HomeLight

Go with the turn time that the lender states and then add an extra day to it, just to be safe,” says Richie Helali, a mortgage sales leader with HomeLight Home Loans who gave us the inside scoop on how long a mortgage preapproval really takes. Closing conditions (inspections, appraisal, title search, etc.) Underwritten preapproval.

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Wait! Read This Before You Sell Your House for Cash

HomeLight

A divorce, job move, or low bank account can all be strong motivators to go for the speed and convenience of a cash sale. Translating that to real estate terms, selling a house for cash goes something like this: Request an offer: You skip the staging and showing process and go straight to requesting an offer. Need a cash offer?