HomeLight

AUGUST 31, 2020

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?

Short sale 89

Short sale Sales Banks Inspection 89

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.

Purchase and sale agreement 92

Purchase and sale agreement Proof of funds Backup offer Finance 92

HomeLight

FEBRUARY 28, 2022

Many reviews speak of prompt and professional communication, Shaun’s excellent knowledge of the real estate market, and fair offers. Customers also comment that the company was happy to make the sale process easier, whether that involved helping move items into storage or letting buyers choose their closing date. Quick sale.

Closing costs 78

Closing costs Closing Sales Staging 78

HomeLight

AUGUST 24, 2022

The destination’s great weather and tax-friendliness bring a steady stream of buyers to the market, and cash buyers help make sellers’ homes fly. This is another area where a top agent can help you tap into the out-of-state market. Before signing an offer, ask for proof of funds. How to request a cash offer in Florida.

Purchase and sale agreement 105

Purchase and sale agreement Title search Proof of funds Title 105

HomeLight

JULY 31, 2021

“This gives us a good idea of the condition of the property, so we know where we can provide value in the sale. If the whole house has been renovated recently and the seller wants full market value, they’re typically better off working with an agent.”. Step 2: Research your local cash buyer market. Verify past sales.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

MAY 24, 2022

In a competitive market, paying cash could help you beat out other homebuyers. Without a lender to verify funds, the seller will likely request proof of funds and earnest money from the buyer. While this typically takes just a few days, if the home has been through a foreclosure or short sale, it could take longer.

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Purchase and sale agreement Closing Title search Title 104

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. There is always a chance a sale might not go through, especially in today’s wild interest rate market. It’s often presented as a percentage of the fair market value.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97