HomeLight

NOVEMBER 9, 2021

agent commission fee from the seller’s balance sheet. Sellers then have their own set of closing costs to pay, the biggest of which is agent commissions totaling 5.8% These commission charges are usually split between the listing agent and buyer’s agent who facilitated the sale. title search fee of $200.

Closing costs 110

Closing costs Closing Title Title search 110

The Close

JANUARY 21, 2025

Real estate wholesaling is a cost-effective way to start investing if you have limited funds and want fast returns without dealing with costly renovations or tenants. Wholesalers act as intermediaries, facilitating transactions between sellers and buyers without owning or renovating the property. Building a solid network is critical.

Investor 96

Investor Title Renovation Due diligence 96

HomeLight

MAY 28, 2021

But, while some as-is homes are in disarray, not all of them are broken beyond repair, says Ed Verdel , a New Jersey real estate agent with over 11 years of experience. Or a house left to an inheritor or estate agent after a death might go as-is because it’s too costly or time-consuming for them to locate and fix any issues in the home.

As-is 100

As-is Inspection Title search Inspection contingency 100

HomeLight

MARCH 13, 2023

We’ve gathered insights from top real estate agents and investors to create this guide navigating Orlando’s cash home buyer market so you can sell your property in as fast a timeframe as you require. With the strong Florida sun shortening the lifespan of roofs and air conditioning systems, costly renovations may be necessary.

Sales 98

Sales Investor Due diligence Renovation 98

HomeLight

SEPTEMBER 27, 2022

Nevertheless, Gina Candelario , a top agent who works with 78% more single-family homes than the average San Antonio, Texas, agent, says sales are good and it’s still a seller’s market. Before undertaking any large renovation projects or repairs, consult with your Realtor®. Buyer’s agent fee: $9,750. Seller concessions.

Seller concession 98

Seller concession Closing costs Homeowner’s association Title 98

HomeLight

AUGUST 31, 2021

But right as you’re about to call your real estate agent, you notice there’s a line in there that labels it a foreclosure. We talked with veteran real estate agents with a combined 30-plus years working with foreclosures to bring you a comprehensive guide to the often confusing world of distressed properties. Pre-foreclosure.

Pre-approval 111

Pre-approval Short sale Banks Finance 111

HomeLight

FEBRUARY 14, 2022

This includes perspective from Margaret Labus , a real estate agent in the Lake Geneva , Wisconsin, area, who has 18 years of industry experience. Real Estate Agent. Real Estate Agent at @properties. You can renovate , decorate, and maintain your home as you like,” Ortega says. Margaret Labus. Margaret Labus.

Purchase and sale agreement 109

Purchase and sale agreement Due diligence Finance Equity 109

HomeLight

JUNE 14, 2022

Ann Nordling , a top real estate agent from Seattle who works with over 70% more single-family homes than the average area agent, notes the cost to sell a house in Seattle will vary on a case-by-case basis within a changing market. Before undertaking any large renovation projects or repairs , consult with your Realtor®.

Seller concession 119

Seller concession Closing costs Agents Closing 119

HomeLight

JULY 31, 2021

They can purchase a property at a discount, providing value through a quick sale to the owner, and leverage their funds and expertise toward a profitable renovation. If the whole house has been renovated recently and the seller wants full market value, they’re typically better off working with an agent.”. Good bones.

Earnest money deposit 98

Earnest money deposit Inspection Inspection contingency Title 98

HomeLight

APRIL 15, 2022

A couple in Atlanta is ready to sell their charming and recently renovated three bed, two bath brick two-story home. After some email back-and-forth, they get their final iBuyer offer: Offer details: 98% of what a real estate agent estimated they could earn, minus a 5% service fee, a $2,000 repair credit, and 1% in closing costs. .

Title 109

Title House Flipping Title search Sales 109

HomeLight

AUGUST 16, 2021

Perrin Cornell , a top agent in Wenatchee , Washington, who works with 82% more single-family homes than the average agent in his area. Reynolds adds that “using a real estate agent who’s familiar with foreclosures in your local area may be valuable and more time-efficient” than simply searching online.

Title 111

Title Due diligence Finance Inspection 111

Realtor.com

NOVEMBER 28, 2022

They can be used to purchase townhouses as well as single-family homes, fund new construction , or renovate an existing home. Repair/renovation loans and grants. Repair/renovation loan and grant applicant requirements. Repair/renovation loan: The maximum loan amount is $40,000, and the maximum grant amount is $10,000.

Loans 95

Loans Mortgages FHA loan Debt-to-income ratio 95

HomeLight

JUNE 16, 2022

It’s usually easier to sell a home when you partner with a reliable agent. A top real estate agent from California, Robert Lopez, who’s an agent with Team Z , explains the value a real estate agent brings to your home sale, “Your agent takes on photography and marketing. Buyer’s agent fee $19,104 (2.25%).

Seller concession 109

Seller concession Closing costs Inspection Agents 109

Marco Santarelli

AUGUST 16, 2024

Cheap doesn't mean dilapidated: While properties requiring renovations can offer significant discounts, avoid equating “cheap” with uninhabitable. Consider closing costs, potential renovations, carrying costs like property taxes, insurance, and potential vacancies. This impacts your property selection and exit strategy.

Due diligence 52

Due diligence Purchase and sale agreement Renovation Title search 52

HomeLight

AUGUST 31, 2021

Clear title: The cash buyer will require a title search to make sure that you can convey the property free and clear of any clouds or judgments against the property, such as mechanic’s liens, unpaid taxes, or boundary encroachments. Request Cash Offer. Ask for proof of funds and EMD. What about ‘We Buy Houses?’®.

Proof of funds 144

Proof of funds Investor Due diligence Title 144

HomeLight

OCTOBER 20, 2022

Together with local expert and HomeLight network real estate agent Hillary Smith , we’ll look at some of the quirks of the local market. Smith, who has sold 100% of her listings and does so more than 43% faster than the average Austin agent, knows what it takes to get the job done. Partner With a Top-performing Austin Agent.

Seller concession 110

Seller concession Purchase and sale agreement Closing costs Inspection 110

HomeLight

AUGUST 16, 2021

To navigate the short sale process, you’ll need an experienced real estate agent and lots of patience. Together with top agents Laura Sanders of Coral Springs , Florida, and Bob Wisdom of Elgin , Illinois, we’re exploring the question of how long a short sale takes and what buyers should know along the way. Getting preapproved to buy.

Short sale 105

Short sale Sales Purchase and sale agreement Banks 105

Realty Biz

AUGUST 2, 2023

In my experience as a real estate agent over the last thirty-plus years, many homeowners will search " sell my house fast " for the best-selling strategy. Working with a knowledgeable real estate agent is crucial in navigating the home showing and negotiation.

Purchase and sale agreement 93

Purchase and sale agreement Title Staging Inspection 93

Realty Biz

OCTOBER 26, 2022

Many homes are abandoned due to financial reasons, making them run down and in need of renovation. You can also try a straight-up Google search for abandoned homes near me or abandoned houses for sale near me. Contact a Real Estate Agent. Contact a real estate agent who specializes in foreclosure properties.

Due diligence 73

Due diligence Title search Inspection Investor 73

HomeLight

OCTOBER 5, 2020

To help you calculate how much a foreclosed home might sell for at auction, we talked to expert real estate agents with years of experience in the field of foreclosures. Before you bid, it’s a good idea to run a title search , which will give you an indication of any liens on the home. Source: (bongkarn thanyakij / Pexels).

Due diligence 72

Due diligence Earnest money deposit Banks Inspection 72

HomeLight

NOVEMBER 7, 2022

Together with local expert and HomeLight network real estate agent Shawn Manderscheid , we’ll look at some of the quirks of the local market. Manderscheid, who sells properties more than 56% quicker than the average agent in the Houston market, knows how to close the deal efficiently. Real Estate Agent. Find Agent.

Seller concession 104

Seller concession Purchase and sale agreement Closing costs Inspection 104

HomeLight

MAY 3, 2023

“Depending on the price range of the home, I tell my clients that they need to be ready to spend 9%–10% of the sale price on selling costs, including the real estate agent commission and closing costs,” says Joanne McCoy , a top-selling real estate agent in Lincoln, Nebraska. Find Agent How is your commission divided between agents?

Seller concession 111

Seller concession Purchase and sale agreement Inspection Title 111

The Close

FEBRUARY 19, 2025

Therefore, knowing market conditions and regulations surrounding short sales is essential for real estate investors and agents. Obtaining a clear title is also critical, so investors must conduct comprehensive research and due diligence. Inspect the property’s condition, title, and existing liens or encumbrances.

Short sale 52

Short sale Sales Due diligence Purchase and sale agreement 52

HomeLight

JANUARY 12, 2022

The seller’s portion of closing day usually takes one to two hours , according to Sherry Wiggs , a top real estate agent in Westchester County, New York. Title issues: (~11% of delays). The discovery of a title issue can create a delay. Another potential issue is if the seller made renovations without a permit.

Closing 116

Closing Purchase and sale agreement Pre-approval Inspection 116

Marco Santarelli

DECEMBER 20, 2020

In other cases, the investment property is the one in desperate need of repairs or renovations. Fix-and-rent is a hybrid of these two approaches, buying homes in need of repair, making the needed renovations and repairs, and then renting out your newly desirable rental property.

Sales 79

Sales MLS Renovation Investor 79

HomeLight

DECEMBER 7, 2021

Because it can be a complicated process, we researched the subject and spoke with Clarissa Marshall , who is in the top 1% of all real estate agents in her area in Asheville, North Carolina. Real Estate Agent. Real Estate Agent at eXp Realty. Buyer will review the report with their agent. What does the inspection cover?

Inspection 105

Inspection Purchase and sale agreement Pre-approval Closing 105

HomeLight

MARCH 16, 2023

“We get a massive amount of investors coming to us looking for us to help them with investment properties, and a lot of them are cash,” says James Krueger , a top-performing real estate agent who sells properties 42% faster than the average Houston agent. Houston’s rental market is so active that he doesn’t even advertise for tenants.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93

Marco Santarelli

AUGUST 28, 2020

Fortunately, this gives you several months to negotiate the purchase price, arrange for the seller to make repairs, and perform a proper title search. And remember that this 180-day time frame includes the time spent shopping for replacement property and planning the renovations. You have 180 days to complete the transaction.

Investor 137

Investor Purchase and sale agreement Title Land 137

HomeLight

NOVEMBER 9, 2021

We’ll walk you through it, with expert intel from Dave Zajdzinski , a top-selling agent who works with 71% more single-family homes than the average Phoenix agent. For most transactions, the sale is contingent on factors specified in the contract, such as inspection , appraisal , and title search. California. New Mexico.

Purchase and sale agreement 106

Purchase and sale agreement Pre-approval Closing Title 106

HomeLight

AUGUST 10, 2022

Because they’re working with a knowledgeable HomeLight real estate agent , the property sells for $700,000. Her agent says $15,000 in updates could increase the home’s value by $50,000 and result in a sale of around $150,000. Since he’ll be living in the house until it sells, he’s nixed the idea of a full renovation.

Principal 105

Principal Title Sales Title search 105

HomeLight

JULY 28, 2022

That means it costs less money to renovate. Fewer dollars on renovations can ostensibly result in better offers than the competition. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. The reviewers expressed happiness with the timeliness of the process and the friendliness of the agents.

Closing costs 104

Closing costs Purchase and sale agreement Residential Closing 104

Redfin

AUGUST 27, 2021

Below, we outline how you can search for a house’s history so you know exactly when it was built, any major renovations that were completed, and other important details to help make homeownership that much easier and stress free. . Can I do a free online property title search? How can I find the history of my property?

Land 71

Land Title search Construction Title 71

Toronto Realty Blog

APRIL 19, 2023

But on the flip-side, you have couples like Georgia & Zach who plan way, way ahead, and who after renovating their townhouse, upgrading their salaries, and getting their financial ducks in a row, are now ready to jump into the housing market. I had discussed numbers with the listing agent and I knew where we needed to be on price.

Agents 98

Agents As-is Title search Closing 98

HomeLight

FEBRUARY 28, 2022

Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Watson Buys is primarily run by couple Shaun and Jen, who have been purchasing and renovating Colorado homes since 2011. Listing with an agent. Going with an agent could pay off big time. Overwhelmed by finding an agent?

Closing costs 98

Closing costs Closing Sales Staging 98

HomeLight

JULY 28, 2022

Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Local owners Cory Basham and Matt Syvertsen set out to give local home sellers an alternative to working with local real estate agents. In Louisville, it typically takes around 76 days to sell a home on the market using an agent.

Closing costs 97

Closing costs Purchase and sale agreement Closing Staging 97

HomeLight

AUGUST 24, 2022

Lauderdale, but they can’t make renovations on their aging row house. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. In New Jersey, it typically takes around 88 days to sell a home on the market using an agent. Then compare cash offers to what a top agent might be able to get for your home.

Closing costs 97

Closing costs Purchase and sale agreement Closing Staging 97

HomeLight

AUGUST 10, 2022

Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. We Buy Houses Chicagoland says that its fast, hassle-free selling process is built on a foundation of years of professional experience resulting in purchasing power amassed through many sale transactions and completing renovations over the years.

Closing costs 97

Closing costs Purchase and sale agreement Closing Staging 97