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

HomeLight

Selling to a house flipper is an attractive option if you want to skip repairs and staging, but beware — home flippers turn large profits on houses by buying them for well below their market value. Home inspection contingency. Home inspection contingencies may lead to further price negotiations , depending on what issues turn up.

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

HomeLight

You will learn what each stage of the process looks like as we define the different terms clearly. One thing to keep in mind, though, is that the seller probably isn’t going to have cash reserves available to fix any issues uncovered in the inspection before closing. You aren’t able to inspect the property beforehand, either.

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11 Homeselling Myths, Debunked

The Close

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. Home sale preparation is done like a dealership preps the cars for the lot.

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

HomeLight

When you apply for underwritten preapproval, you’ll also need to submit documentation for the information that you entered in the prequalification stage, and this documentation differs depending on your employment status and the loan type you are applying for. Closing conditions (inspections, appraisal, title search, etc.)

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

HomeLight

No repairs, no staging, no open houses. Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. To help prove their serious intentions, they are happy to offer proof of funds and provide substantial earnest money. Inspections / repairs.

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Wait! Read This Before You Sell Your House for Cash

HomeLight

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. Even if you’re selling “as is”, an inspection could still be required. Ask for proof of funds and EMD. Request Cash Offer.

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What’s Required to Sell a House Without a Realtor?

HomeLight

Pre-inspection. Getting a pre-listing inspection can facilitate a quicker sale because it eliminates surprises – and gives the seller time to fix major flaws. Home inspection report. To ward off home-inspection pitfalls , check off any necessary home repairs. Check your state’s specific disclosure laws. Photograph it.