HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. Essentially, equity is the market value of your property minus the amount of money you still owe on your mortgage loan. To determine your home’s equity, you first need to assess your property’s fair market value.

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VA loan Purchase and sale agreement Short sale Pre-approval 70

HomeLight

SEPTEMBER 1, 2022

Once you have the purchase agreement in hand, you might think there are no more obstacles in your way, but the home still has to appraise for the amount you agreed to pay for it. Before the pandemic created a hot market, about 8% of appraisals came in lower than the offer on the home. What is a low appraisal?

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Purchase and sale agreement Earnest money deposit Short sale Loans 80

HomeLight

NOVEMBER 1, 2021

If you’re selling your home in a hot market rampant with bidding wars that drive up the purchase offers on home sales, you may realize that your home is unlikely to appraise for the inflated purchase offer or even for your asking price. Short sales or foreclosures in your area have driven home prices artificially low.

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Purchase and sale agreement Proof of funds Backup offer Finance 93

HomeLight

JANUARY 25, 2021

Even in a hot real estate market, “move-in” ready remains king among today’s homebuyers. House flippers usually purchase houses for cash as-is, saving homeowners the expense of making repairs that lenders might require, along with the stress of showing and staging the home. Find House Flippers Near You. You need to relocate fast.

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Purchase and sale agreement Investor Inspection Due diligence 105

HomeLight

NOVEMBER 9, 2021

You just heard about short sales, and they sound intriguing. But it would be a mistake to think you’re automatically getting a deal with a short sale. He points out that the bank isn’t likely to sell the property for less than market value. Short sales fall into the category of “distressed” sales.

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Short sale Sales Purchase and sale agreement Banks 86

HomeLight

FEBRUARY 16, 2023

Individual program details frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Maybe you’ve inherited property that’s not in the best shape, and a quick sale is the simplest way to settle the debts of an estate.

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Purchase and sale agreement Closing costs Closing Sales 84

HomeLight

DECEMBER 6, 2022

Individual program details frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Perhaps you need a fast home sale to start a new job right away. The timeframe may vary depending on the company and market.

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Purchase and sale agreement Closing costs Closing Sales 88

HomeLight

AUGUST 10, 2022

Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Atlanta.

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Closing costs Purchase and sale agreement Closing Inspection 78

HomeLight

AUGUST 24, 2022

Individual program details can also frequently change — please visit a company’s website for the most up-to-date- information on each program’s fees, market coverage, business model, and more. Maybe your company is transferring you from Atlantic City to Las Vegas, and you don’t have time for a lengthy home sale process.

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Closing costs Purchase and sale agreement Closing Staging 78

HomeLight

DECEMBER 1, 2021

Maybe you got caught up in a bidding war, bought at a market peak, and buyer interest (along with home values) has since cooled. Maybe the real estate market took a dive and you went overboard on past home renovations. You’re maxed out on second loans and now you owe more than your home’s value. Source: (kaleb tapp / Unsplash).

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Purchase and sale agreement Short sale Loans Mortgages 107

HomeLight

MAY 27, 2021

But when it comes to one of the key aspects of buying that home — how to get a mortgage loan — you may draw a blank. We include advice from an agent who has worked with hundreds of new buyers, descriptions of different loans, and information about the many kinds of paperwork you’ll deal with. Source: (Matthew Henry / Burst).

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Loans Mortgages Title FHA loan 83

HomeLight

OCTOBER 1, 2020

After a low appraisal on your dream home , you may assume that this is the end of the road because it may mean the termination of your mortgage loan if you can’t work out a deal. There are many reasons why the appraisal can come in low; one cause may be a shifting market. A shifting market . Short sales in the neighborhood .

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Purchase and sale agreement Short sale Rent back Sales 88

HomeLight

MAY 23, 2022

Schaus did advise her client to contact a junk removal company to clear out the house, but that was the only preparation made before the house hit the market. “[The HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. 359,600 (April 2022).

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As-is Purchase and sale agreement VA loan Inspection 86

HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Problem: You lost your job.

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Closing Purchase and sale agreement Title Home sale contingency 104

HomeLight

JANUARY 13, 2022

In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. So he knows all the twists and turns that can occur between an accepted offer and a closed sale.

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Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 79

HomeLight

JANUARY 6, 2023

Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. You receive a firm offer.

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Purchase and sale agreement Closing costs Closing Agents 77

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Indiana. Average days on market for Indiana. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure. Disclosures.

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As-is Purchase and sale agreement Inspection Closing costs 98

HomeLight

JULY 6, 2023

When your home first hits the market, your listing agent will note that it’s “Active,” as in ready and available for showings — but there’s a lot of ground to cover before your agent lists the status as “Closed,” when you have a done deal and you’re ready to hand over the keys. An offer has been accepted, and the sale is expected to close.

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MLS Backup offer Inspection contingency Purchase and sale agreement 93

HomeLight

MAY 24, 2022

If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. In a competitive market, paying cash could help you beat out other homebuyers. But just how long does it take to close on a house with cash, compared to a traditional loan?

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Purchase and sale agreement Closing Title search Title 105

HomeLight

JANUARY 10, 2023

HomeLight’s Simple Sale platform provides all-cash offers for homes nationwide, including in Florida. Along with providing full cash offers to purchase homes in “as is” condition, Florida Cash Home Buyers also offers another sale option which they refer to as “Novation.”. Simple Sale. Website: [link].

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Closing costs Purchase and sale agreement Closing Sales 85

HomeLight

APRIL 29, 2022

“Some people have a lot more time and energy to engage and make the best of the sale, and some people don’t,” says George Graham , a top real estate agent in the Seattle, Washington, area. An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds.

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As-is Purchase and sale agreement Investor Inspection 71

HomeLight

JUNE 24, 2022

If you live in a community property state and your home, classified as community property , was acquired during the marriage, the proceeds from the sale are typically split strictly and equally 50-50. The market conditions aren’t ideal right now to sell. Community property (the minority of states). However, while James L.

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Purchase and sale agreement Equity Sales Agents 104

HomeLight

OCTOBER 27, 2021

A home is in preforeclosure when the owner has stopped making mortgage payments for several months and their loan is delinquent or in default — so the owner is approaching foreclosure. In fact, the homeowner might even have a plan to catch up on the mortgage, and in the end, the home won’t end up in any kind of sale.).

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Purchase and sale agreement Inspection Homeowner’s association Title 88

HomeLight

OCTOBER 29, 2020

The need for a competitive offer is stronger than ever these days, when experts nationwide agree that the events of 2020 have created a robust seller’s market. While widely considered a best-practice move when purchasing a house, home inspections have some wiggle room. Buyer financing. So can a financing contingency be negotiable?

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 79

HomeLight

JANUARY 19, 2023

Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. You receive a firm offer.

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Purchase and sale agreement Closing costs Closing Agents 76

Marco Santarelli

AUGUST 27, 2020

The Las Vegas housing market is literally on fire amid the pandemic. The booming Las Vegas real estate market was impacted by the ongoing pandemic but things are turning back to normal. The economic uncertainty and massive job losses directly affected its housing market as well. Closed sales increased by 34.9 It was a 1.5

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Marketing Purchase and sale agreement Investor Sales 128

Marco Santarelli

SEPTEMBER 5, 2020

Even after suffering from the pandemic, the Phoenix housing market 2020 still comes out on top. As we saw Arizona real estate market thriving & becoming sizzling hot in the past couple of years, even the rise in mortgage rates was believed not to affect it. It could only pause sales, which in turn created a huge pent up demand.

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Marketing Purchase and sale agreement Investor Sales 135

HomeLight

OCTOBER 1, 2020

They sold the Norwalk, Ohio, home three years after purchase for $160,000 — even though they’d intended to stay long-term, a job opportunity in Costa Rica proved too much to resist. He knew the market and what the home could capture in terms of sales price once it had been fixed up. A quick flip. Moving on after divorce.

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Purchase and sale agreement Banks Earnest money deposit Equity 55

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. 4 Loan Questions Worth Asking. Active contingent. What About ARMs?

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Purchase and sale agreement Title Proof of funds Pre-approval 98

McKissock

JULY 21, 2021

When potential homebuyers come to you for help in finding a home, you’ll want to be certain that they’re qualified to make the purchase before you start working with them. A client’s income will be an important factor in qualifying them for a loan, Antoni says, but the credit rating is usually more important.

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Purchase and sale agreement Finance Mortgages Agents 52