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

FEBRUARY 28, 2022

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. Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Sale timeline.

Closing costs 78

Closing costs Closing Sales Staging 78

HomeLight

AUGUST 24, 2022

There are plenty of reasons to have a real estate agent in your corner — visibility in the MLS , help with stagings and showings, assistance with negotiations and contracts, to name just a few — and now you can add sourcing a cash buyer to the list. Before signing an offer, ask for proof of funds.

Purchase and sale agreement 105

Purchase and sale agreement Title search Proof of funds Title 105

HomeLight

JULY 31, 2021

Verify past sales. Harvell also suggests getting concrete proof that the buyer has purchased properties in their name as part of the vetting process. I’m not talking about a ‘proof of funds’ letter — those are easily manipulated,” he says. “If Verification of funds.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

The Close

DECEMBER 29, 2022

This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. Proof of funds. Clients should be aware that proof of funds is different from pre-approval from a lending institution. These funds must be liquid, not stocks or bonds. Short sale.

Purchase and sale agreement 98

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