HomeLight

JUNE 28, 2021

Buying a HUD home isn’t like traditional home sales. John Collinge , a multi-year top-producer awardee and 11-year top-selling real estate agent out of Anchorage, Alaska, suggests all HUD homebuyers have a cash reserve. Once a home is listed for sale it’s given a specific window during which bid submissions are accepted.

Pre-approval 105

Pre-approval Pre-qualification FHA loan Inspection 105

HomeLight

AUGUST 31, 2021

They’ll put the house up for auction either in a sheriff’s or public trustee sale (the name depends on what foreclosure process your state follows). Bank-Owned or REO: If a home doesn’t sell at auction, it becomes a real-estate owned home , meaning the bank or lender officially owns it. Short sale.

Pre-approval 111

Pre-approval Short sale Banks Finance 111

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? REOs for short, these kinds of sales expose buyers to a lot of potential risk. But they also provide a lot of opportunity for big return on investment, too — much bigger, and faster, than you might expect with many traditional sales. What is an REO sale?

Banks 105

Banks Pre-qualification Investor Short sale 105

HomeLight

MARCH 10, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Generally, I start from the back — what is the after-repair value (ARV) when the house has been fully renovated? I determine what is the most I can get out of it. Wise agrees.

House Flipping 105

House Flipping Renovation Investor Finance 105

HomeLight

MARCH 30, 2022

As a starting point, get a near-instant real estate house price estimate from HomeLight for free. We’ll consider the records of recently sold homes in the area, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Get Estimate. Work relocation. In 2021, 32.5%

Pre-approval 116

Pre-approval Agents Closing MLS 116