HomeLight

OCTOBER 11, 2021

You see a house you love, but the listing shows that it is an “active pending short sale.”. And just what is a short sale, anyway? Is a short sale home purchase for you? And can you still make an offer on an active pending short sale? Short sales defined . Wait, what?

Short sale 101

Short sale Sales Banks Backup offer 101

HomeLight

MARCH 30, 2021

You may have heard a little bit about short sales — enough to know that this type of real estate listing can present some opportunities to get a good deal. But while short sales offer potential opportunities , they come with plenty of potential pitfalls as well. Know if a short sale is the best option for you.

Short sale 80

Short sale Sales Pre-approval Closing costs 80

HomeLight

JULY 31, 2020

Closing on a house seems pretty straightforward. There’s a house for sale that you want to buy. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. So the answer to “how long does it take to close on a house?” How it can delay closing. Easy, right? Yeah, not so much.

Closing 119

Closing Purchase and sale agreement Title search Earnest money deposit 119

The Close

FEBRUARY 19, 2025

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? The simple answer is that a short sale is when a homeowner owes more for their home than its current market value and puts it up for sale. What Happens in a Real Estate Short Sale?

Short sale 52

Short sale Sales Due diligence Purchase and sale agreement 52

HomeLight

JULY 29, 2022

Closing on a house is a thrilling time for buyers : Once you’ve found the one and have an accepted offer, you’re ready to grab the keys and make it your own. But closing time can also be plenty to rack your nerves. What can go wrong on the buyer’s side at closing. Problem: There’s an issue with the Closing Disclosure.

Closing 105

Closing Purchase and sale agreement Title Home sale contingency 105

HomeLight

MAY 24, 2022

Sellers tend to prefer all-cash offers because those deals close more quickly. Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. But just how long does it take to close on a house with cash, compared to a traditional loan?

Purchase and sale agreement 111

Purchase and sale agreement Closing Title search Title 111

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 90

Pre-approval Pre-qualification Title search Inspection 90

HomeLight

JUNE 30, 2024

Each listing includes essential details like photos, descriptions, and contact information for agents or banks handling the sale. Equator.com Equator.com offers a comprehensive free website for finding foreclosed homes, short sales, and open market listings posted on the Hubzu auctions platform.

Short sale 115

Short sale Banks Finance Investor 115

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

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

The Close

JUNE 15, 2022

Closing costs 42. Who pays closing costs? Closing costs for seller 44. Townhomes for sale 36. Short sale process. Cheap houses for sale 37. Waterfront homes for sale 38. Closing Costs First-time homebuyers Phoenix Closing costs in Phoenix.

Closing costs 98

Closing costs Title Inspection Closing 98

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

FEBRUARY 17, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Texas. Get an offer in as few as 48 hours and close in as little as 10 days. We Buy Houses companies in Texas typically promise quick, all-cash offers and ultra-fast closings, often in as few as seven days.

Closing costs 97

Closing costs Closing Sales Staging 97

HomeLight

DECEMBER 1, 2021

A refinance loan comes at a cost, though. Closing costs generally run 1% to 1.5% of the loan amount, although no closing cost options exist (that is, they’ll be lumped in with your principal or you’ll pay a higher rate). Short sale: selling when you owe more than your home is worth.

Purchase and sale agreement 111

Purchase and sale agreement Short sale Loans Mortgages 111

HomeLight

JANUARY 10, 2023

We Buy Houses companies in Florida typically promise quick, all-cash offers and ultra-fast closings, often in as few as seven days. If you accept the offer, you’ll both sign a contract and the closing process will begin. Some companies offer a large deposit or moving cost assistance, and a few may even pay for the home upfront.

Closing costs 98

Closing costs Purchase and sale agreement Closing Sales 98

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure. Sell 'As Is' With a Cash Offer.

As-is 118

As-is Purchase and sale agreement Inspection Closing costs 118

HomeLight

FEBRUARY 28, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in California. Get an offer in as few as 48 hours and close in as little as 10 days. We Buy Houses companies in California typically promise quick, all-cash offers and ultra-fast closings, often in as few as seven days.

Closing costs 97

Closing costs Closing Sales Staging 97

HomeLight

FEBRUARY 28, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Colorado. Get an offer in as few as 48 hours and close in as little as 10 days. We Buy Houses companies in Colorado typically promise quick, all-cash offers and ultra-fast closings, often in as few as seven days.

Closing costs 98

Closing costs Closing Sales Staging 98

HomeLight

SEPTEMBER 8, 2020

After closing, when we went back to our new home, the sellers had left Grandma behind!”. You might have heard some funny stories about home sellers from your friends and family, but not all home sales happen on the open market between individuals. Closing costs usually work out to between 3% and 6% of the loan’s total amount.

Closing costs 102

Closing costs Finance Loans Closing 102

HomeLight

MARCH 21, 2022

Reduce the stress of selling by requesting a cash offer from HomeLight’s Simple Sale platform today. In as little as 48 hours, we’ll send over a competitive offer with the ability to close in as few as 10 days. Closing: If you accept the offer, you and the company will each sign the contract and closing will begin.

Home sale contingency 105

Home sale contingency Closing costs Investor Sales 105

HomeLight

JANUARY 6, 2023

Receive your offer within a week and close in as little as 10 days. We Buy Houses companies in Orlando typically promise to give home sellers quick, convenient all-cash offers, and exceptionally speedy closings, often wrapping up the property sale in as few as seven days. Close the sale and get paid quickly.

Purchase and sale agreement 97

Purchase and sale agreement Closing costs Closing Sales 97

HomeLight

SEPTEMBER 1, 2022

Appraisers base their reports on recent sales, but the purchase price data they use could be a few months old as most prices are negotiated well before the sale actually closes. Perhaps the appraiser couldn’t find recent sales in the area that closely matched the home being appraised, so the results are off.

Purchase and sale agreement 107

Purchase and sale agreement Earnest money deposit Short sale Loans 107

HomeLight

MAY 19, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. Real estate attorneys are not considered essential for closing in the state of Maryland. Sell 'As Is' With a Cash Offer. Request Cash Offer. Is a real estate attorney required?

As-is 119

As-is Inspection Investor Closing costs 119

HomeLight

SEPTEMBER 30, 2020

And what about those closing costs or repair expenses? Sanchez adds that major credit setbacks such as a short sale or foreclosure means a buyer will most likely have to wait at least seven years before being able to qualify for a new loan. Closing costs were much more than we anticipated,” says Tarra. “We

Loans 98

Loans Closing costs Short sale Closing 98

HomeLight

AUGUST 10, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Atlanta. Get an offer in as few as 48 hours and close in as little as 10 days. We Buy Houses companies in Atlanta typically promise quick, all-cash offers and ultra-fast closings, often in as few as seven days.

Purchase and sale agreement 97

Purchase and sale agreement Closing costs Closing Inspection 97

Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. Preforeclosure can be tricky as sometimes the properties may never be for sale. Short sales A short sale is not the same as a foreclosure or a pre-foreclosure.

Pre-approval 31

Pre-approval FHA loan Short sale Banks 31

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. Real estate attorneys are considered essential for closing in the state of North Carolina. Mention in your as-is listing if your home is close to any of the following: Schools.

As-is 112

As-is Purchase and sale agreement VA loan Inspection 112

HomeLight

DECEMBER 6, 2022

Receive your offer within a week and close in as little as 10 days. We Buy Houses companies in Denver typically promise to give home sellers quick, convenient all-cash offers, and exceptionally speedy closings, often wrapping up the property sale in as few as seven days. Close the sale and get paid quickly.

Purchase and sale agreement 98

Purchase and sale agreement Closing costs Closing Sales 98

HomeLight

JULY 31, 2022

This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit. Another benefit of VA loan assumption is lower closing fees.

VA loan 95

VA loan Purchase and sale agreement Short sale Pre-approval 95

HomeLight

JANUARY 19, 2023

Receive your offer within a week and close in as little as 10 days. Request Offer Working with house-buying companies in Tallahassee We Buy Houses companies in Tallahassee typically promise to give home sellers quick, convenient all-cash offers, and exceptionally speedy closings, often wrapping up the property sale in as few as seven days.

Purchase and sale agreement 97

Purchase and sale agreement Closing costs Closing Sales 97

Redfin

JANUARY 28, 2025

Lower closing costs With an FHA loan assumption, the buyer might also benefit from reduced closing costs. In addition to the downpayment, these may include a loan assumption fee, as well as other closing costs like title fees, credit report costs, or attorney fees.

FHA loan 31

FHA loan Loans Closing costs Mortgages 31

HomeLight

AUGUST 24, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in New Jersey. Get an offer in as few as 48 hours and close in as little as 10 days. We Buy Houses companies in New Jersey typically promise quick, all-cash offers and ultra-fast closings, often in as few as seven days.

Closing costs 97

Closing costs Purchase and sale agreement Closing Staging 97

HomeLight

MAY 23, 2022

“Either there are a couple of issues with the house that they want to disclose but not necessarily repair or they’re selling a house as part of an estate sale and don’t know a lot about it.”. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Sell 'As Is' With a Cash Offer.

As-is 116

As-is Inspection Investor Closing costs 116

HomeLight

OCTOBER 30, 2020

It costs money to sell a house. You’ll also need to factor in any fees for staging and preparing the house for sale, your real estate agent commission , closing fees, seller concessions, and moving costs. Keep in close touch with your lender. What about pursuing a short sale? Subtract selling fees.

Short sale 105

Short sale Banks Equity Mortgages 105

HomeLight

APRIL 15, 2022

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. . They find this offer to be satisfactory and are able to close in days without mortgage lender involvement.

Title 109

Title House Flipping Title search Sales 109

HomeLight

FEBRUARY 16, 2023

Receive your offer within a week and close in as little as 10 days. If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin. Some house-buying companies will initially provide a large deposit or funds to assist the seller with moving costs.

Purchase and sale agreement 98

Purchase and sale agreement Closing costs Closing Sales 98

HomeLight

DECEMBER 30, 2021

Here’s an overview of what a real estate lawyer does, when you’ll need one, and what it will cost you to use one. This is why, in almost half of states, an attorney has to at least be present at closing — if not actively overseeing the deal. Which states require a lawyer to be present at closing? Matt Laricy. Real Estate Agent.

Purchase and sale agreement 97

Purchase and sale agreement Title Short sale Closing 97