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Distressed homeowners have a new path to avoid foreclosure

Housing Wire

Auction.com referenced recent survey data from Clever Real Estate showing that roughly 20% of sellers prefer nontraditional sales methods such as for sale by owner (FSBO) or all-cash transactions through an iBuyer over the use of a real estate agent. Auction.com reported that demand for distressed homes fell in the third quarter of 2024.

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Cash offer startup Accept.inc raises 90M in debt and equity

Housing Wire

Led by venture capitalist firm Signal Fire as well as existing seed investors Y Combinator and DN Capital , Accept.inc said it plans to use the funding to scale its platform, double its team size and enter new markets. If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close.

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Wait! Read This Before You Sell Your House for Cash

HomeLight

Ask for proof of funds: You should always obtain documentation that a person or company is who they say they are and actually has the funds and abilities to complete a transaction of this size. Ask for proof of funds and EMD. Hot market puts pressure on iBuyer offers. Request Cash Offer.

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How to Find Cash Home Buyers in Stow for a Hassle-Free Home Sale

HomeLight

Always ask for proof of funds, like a bank statement, to confirm the buyers ability to complete the purchase. iBuyers: Compared to other types of investors, iBuyers generally offer higher prices that are more in line with market value. You can also contact your local office, the BBB of Akron , for additional information.

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Cash Home Buyers North Carolina: The Ultimate Guide for Sellers

HomeLight

Keep in mind that you will still be on the hook for real estate commissions unless you opt to sell to an iBuyer or a “We Buy Houses” company, for example. Before signing an offer, ask for proof of funds It’s essential to confirm that a cash buyer has the necessary funds to proceed with the purchase.

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Surprising Things You Should Know About Cash Homebuyers

Realty Biz

However, investors ranging from house flippers, iBuyers, and buy-and-hold investors prefer paying cash. Cash Buyers Should Show Proof of Funds While not as complicated as being approved for a mortgage, cash homebuyers should show proof of funds for their offer to stick.

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

HomeLight

To help prove their serious intentions, they are happy to offer proof of funds and provide substantial earnest money. Within the cash-for-homes business you’ll also encounter a particular group of companies known as iBuyers, or instant buyers. iBuyers offer all-cash and can close in a matter of days to a few weeks.