RIS Media

SEPTEMBER 21, 2020

Approved for short sale : A term that indicates that a bank has approved a homeowner for a reduced listing price on a home, and said home is ready for resale. Closing : A meeting during which ownership of a home is transferred from seller to buyer, usually attended by the buyer, the seller, both real estate agents and the lender.

Pre-approval 77

Pre-approval Pre-qualification Title search Inspection 77

HomeLight

JULY 31, 2020

In the February 2020 Realtors Confidence Index survey by the National Association of Realtors, 77% of real estate agents responded that contracts closed on time, and 19% reported delays but eventually closed; 4% of contracts were terminated. So the answer to “how long does it take to close on a house?” Short sale.

Closing 119

Closing Purchase and sale agreement Title search Earnest money deposit 119

The Close

JUNE 15, 2022

Closing costs 42. Who pays closing costs? Closing costs for seller 44. For sale by owner 32. Home inspection checklist 52. Home inspection checklist for sellers 53. Home inspection checklist 73. Condos for sale 34. Home inspection checklist for buyers 54. FHA loans.

Closing costs 98

Closing costs Title Inspection Closing 98

The Close

AUGUST 6, 2024

As their agent, you must also know how to protect your clients through the as-is selling process and understand the nuances such as navigating inspections and disclosures. A seller also may sell a home as-is at full market value, even if the repairs are minor, if they’re underwater on their mortgage, or if it is a short sale.

As-is 84

As-is Agents Purchase and sale agreement Inspection 84

Marco Santarelli

AUGUST 16, 2024

A structurally unsound building can quickly become a money pit, negating any initial cost savings. Factor in all costs: The purchase price is just the tip of the iceberg. Consider closing costs, potential renovations, carrying costs like property taxes, insurance, and potential vacancies.

Due diligence 52

Due diligence Purchase and sale agreement Renovation Title search 52

HomeLight

MAY 23, 2022

“As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. These companies can help sellers cash out quickly and many will cover a seller’s closing costs. There’s a lot of really good things about having your house pre-inspected.

As-is 118

As-is Purchase and sale agreement Inspection Closing costs 118

CT Homes

MARCH 7, 2024

Consider the Costs of Selling: Selling a home isn’t free. Be prepared for expenses such as agent commissions, which can range from 5% to 6% of the sale price, and closing costs, which vary by location and situation. At CT Homes, we don’t mandate a home inspection or appraisal to make our cash-as-is offer.

Purchase and sale agreement 78

Purchase and sale agreement Mortgages Equity Short sale 78

HomeLight

JULY 25, 2022

Deduct your outstanding mortgage balance and any costs of selling you incurred (such as real estate commission, closing costs, title fees, repairs, prep, and staging). This free tool will provide an estimate of the costs of selling your home and the potential net proceeds you might earn. Overlap costs (1%-2%).

Closing costs 111

Closing costs Equity Short sale Agents 111

HomeLight

MAY 19, 2022

Even in the case of an as-is sale, you are still required to provide a list of latent defects to prospective buyers. These are any problems the purchaser wouldn’t be able to discover for themselves during a visual inspection, as well as anything that would pose a health or safety hazard. Consider a pre-listing inspection.

As-is 119

As-is Inspection Investor Closing costs 119

HomeLight

JULY 25, 2022

Here are some of the common concerns you may face: Cost of mortgage interest: At the beginning of your loan, a bigger percentage of your mortgage payment goes toward interest. Closing costs that add up: You paid these when you closed on this home, but you’ll probably have to pay them again if you sell it and buy another home.

Closing costs 110

Closing costs Short sale Equity Sales 110

HomeLight

MAY 24, 2022

Michael Simpkins , a real estate agent in Florida who’s worked with 69% more single-family homes than the average agent in Apollo Beach , thinks that the advantage to paying cash over taking out a mortgage to buy a home is that you’ll save on closing costs. Inspections: One week to book; 2 to 4 hours to complete.

Purchase and sale agreement 111

Purchase and sale agreement Closing Title search Title 111

HomeLight

MAY 23, 2022

A lot of times, sellers are trying to remove some future liability by listing their house ‘as is,’ but buyers do, of course, still have the opportunity to inspect it and ask for any repairs or a price reduction,” Rynders says. “So These companies can help sellers cash out quickly and many will cover a seller’s closing costs.

As-is 116

As-is Inspection Investor Closing costs 116

HomeLight

JANUARY 10, 2023

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Closing costs: You pay no closing costs; FL Cash Home Buyers covers them. Closing costs : No prep costs, no agent commissions, and no fees charged by HomeLight.

Closing costs 98

Closing costs Purchase and sale agreement Closing Sales 98

HomeLight

MAY 23, 2022

Buyers need to ask direct questions and pay close attention to the results of a home inspection so that they can determine the condition of the property and its features. The buyer may request answers in writing, especially after a home inspection. Consider a pre-listing inspection.

As-is 111

As-is Inspection Sales Investor 111

Marco Santarelli

AUGUST 4, 2024

The Complexity of the Transaction: High-End Properties: For expensive properties with complex negotiations, agents may negotiate higher commissions due to the time, expertise, and resources required to manage the sale effectively. Escrow Fees: Fees charged by escrow companies for handling the financial aspects of the sale.

Sales 52

Sales Agents Short sale Closing costs 52

HomeLight

AUGUST 31, 2021

Let’s take a look at the most common foreclosure sales and how they work. Short sale. A short sale isn’t necessarily a foreclosure sale, but it’s common to see a short sale done to avoid foreclosure. A seller will usually have to prove financial hardship for the lender to agree to the sale.

Pre-approval 111

Pre-approval Short sale Banks Finance 111

HomeLight

MAY 23, 2022

These companies can help sellers cash out quickly and many will cover a seller’s closing costs. Considering 80% of Americans say they would prefer to buy a move-in-ready home, an “as is” sale likely has a reduced buyer pool from the start. Consider a pre-listing inspection. Pros of listing a home ‘as is’.

As-is 112

As-is Purchase and sale agreement VA loan Inspection 112

HomeLight

AUGUST 10, 2022

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. After one showing, sellers get a no-obligation offer and can choose their closing date. Closing costs: According to the company website, Better House Buyers takes care of closing costs.

Closing costs 97

Closing costs Purchase and sale agreement Closing Inspection 97

HomeLight

MARCH 31, 2022

The buyer can still request repairs: Even if the home is listed “as is,” the buyer can still order an inspection after making an offer and request repairs to areas of concern that come up on the inspection. But you still have the option to negotiate concessions like closing cost assistance based on work that is needed.

As-is 122

As-is Inspection Investor Short sale 122

HomeLight

JULY 31, 2021

Closing costs. According to Shipwash, some home-buying companies will agree to pay all of the closing costs , which could save you thousands of dollars. Harvell says it’s important to make sure that none of the normal closing costs are included in the sales price. Inspection period.

Earnest money deposit 98

Earnest money deposit Inspection Inspection contingency Title 98

HomeLight

FEBRUARY 28, 2022

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Just request a fair cash offer, choose your closing date, and walk away. Closing costs: You pay no closing costs; Sell Quick California covers them.

Closing costs 97

Closing costs Closing Sales Staging 97

HomeLight

FEBRUARY 17, 2022

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Closing costs: We Buy Ugly Houses covers most, if not all closing costs. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight.

Closing costs 97

Closing costs Closing Sales Staging 97

HomeLight

JANUARY 3, 2022

However, there still are some contingencies to clear before they can close, such as the home inspection , the home appraisal , and the buyer’s lender approving their mortgage. Recent sales took a median of 30 days to close , with 25% of contracts in the past three months having a delayed settlement. Inspections / repairs.

Agents 105

Agents Title Inspection Title search 105

HomeLight

FEBRUARY 28, 2022

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. The company provides quick offers, flexible closing dates, and $10,000 in earnest money to show that it is serious when buying real estate. Closing costs: You pay no closing costs; Watson Buys covers them.

Closing costs 98

Closing costs Closing Sales Staging 98

HomeLight

JANUARY 6, 2023

However, the initial offer is typically subject to change after they have inspected your home. They provide a cash offer within 48 hours of evaluating the property and work with issues such as probate, foreclosures, short sales, tenant-occupied homes, or homes that need extensive repairs. The company performs a walk-through.

Purchase and sale agreement 97

Purchase and sale agreement Closing costs Closing Agents 97

HomeLight

JUNE 19, 2023

Once accepted, you can close the deal quickly since there are no mortgage approvals or inspections to wait for. Here are the three easy steps in the Simple Sale process: Who else buys houses for cash in Florida? Apart from HomeLight’s Simple Sale, which connects you with the largest network of cash buyers in the U.S.,

Inspection 96

Inspection Staging Agents Short sale 96

HomeLight

SEPTEMBER 8, 2020

The HomePath Ready Buye r program is not a mortgage; rather, Fannie Mae assists you by providing additional assistance with closing costs. After completing an educational course, you can get up to 3% of the total loan amount in assistance for closing costs. Source: (Vera Arsic / Pexels). Must use an agent.

Closing costs 102

Closing costs Finance Loans Closing 102

HomeLight

DECEMBER 29, 2023

However, Minnesota does allow certain exceptions for sellers who haven’t lived in the home, such as having a qualified third-party inspector provide an inspection report or submitting the Minnesota Disclosure Alternatives form. These companies can help sellers cash out quickly, and many will cover a seller’s closing costs.

As-is 111

As-is Inspection Finance Investor 111

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.

As-is 95

As-is Purchase and sale agreement Investor Inspection 95

HomeLight

JANUARY 19, 2023

However, the initial offer is typically subject to change after they have inspected your home. The company then schedules an appointment for one of their “House Helpers,” who will, after doing in-depth research on the property and surrounding area home sales, give sellers a cash offer. Closing costs: Sellers pay no closing costs.

Purchase and sale agreement 97

Purchase and sale agreement Closing costs Closing Agents 97

HomeLight

APRIL 15, 2022

They share photos of the home, complete a digital walkthrough, and have the property exterior inspected. 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

NOVEMBER 10, 2021

They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs. When it’s time for the inspection, they’ll reassure you that a damp basement is normal for the town, or tell you to get it checked out by a professional. Step 9: Order an inspection.

Inspection 98

Inspection Title Agents Pre-approval 98

HomeLight

JULY 29, 2022

In the case of mortgage wire fraud, scammers impersonate the title company and send fraudulent wiring instructions via email for buyers to wire their down payment and closing costs to. If that happens, your funds could go MIA just as you need them to close. Problem: You didn’t budget for closing costs and are caught flat-footed.

Closing 105

Closing Purchase and sale agreement Title Home sale contingency 105

HomeLight

DECEMBER 30, 2021

It could include important contingencies — like a home inspection — and the timeline to get them done. And the agent will also handle negotiations with the seller if (for example) an issue emerges during the home inspection, or the appraisal comes in low. You may either pay those fees out of pocket or roll them into your closing costs.

Purchase and sale agreement 97

Purchase and sale agreement Title Short sale Closing 97

HomeLight

MARCH 21, 2022

These companies can also provide a quick and flexible closing, reduce or eliminate the need for repairs, and in many cases will cover all of a seller’s closing costs. Fees: Sellers pay no closing costs ; We Buy Ugly Houses covers them. Fees: Sellers pay no closing costs ; We Buy Houses covers them.

Closing costs 105

Closing costs Home sale contingency Investor Closing 105

HomeLight

NOVEMBER 30, 2022

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for big bucks. Costs vary based upon what the home needs and what you plan on updating, the area you live in, labor costs for contractors and landscapers, and more. Closing costs.

House Flipping 111

House Flipping Inspection Renovation Investor 111

HomeLight

DECEMBER 6, 2022

However, the initial offer is typically subject to change after they have inspected your home. They buy houses in any condition and situation, including homes with structural issues, owners going through financial crises, and estate sales, typically offering between 50% and 70% of Fair Market Value. The company performs a walk-through.

Purchase and sale agreement 98

Purchase and sale agreement Closing costs Closing Sales 98