Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. Investors may see foreclosure purchases as an opportunity to renovate and resell for a profit, while homebuyers may find a house they wouldnt otherwise be able to afford.

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Pre-approval FHA loan Short sale Banks 31

The Close

AUGUST 6, 2024

The buyer is expected to shoulder additional renovations and improvement expenses once they become the official homeowners. 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.

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As-is Agents Purchase and sale agreement Inspection 98

HomeLight

DECEMBER 1, 2021

Maybe the real estate market took a dive and you went overboard on past home renovations. 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 sales have their drawbacks, though.

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Purchase and sale agreement Short sale Loans Mortgages 111

The Close

JANUARY 13, 2025

One approach is house flipping, which involves purchasing a home that needs repairs or renovations. How to Find Houses to Flip in 7 Ways Finding and purchasing a property to renovate is often more complex and time-consuming than buying a home for full-time living. If you resell, there is no tenant management.

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House Flipping Investor Renovation Short sale 98

HomeLight

MARCH 30, 2022

Whether you’re an investor looking for a speedy sale so you can move on to your next deal or a homeowner trying to unload a property quickly to avoid financial strain, you’re in search of real estate cash buyers to purchase your house without a lengthy or uncertain process. Reduce the time it takes to close your sale.

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Sales Investor Renovation Staging 111

HomeLight

JULY 6, 2023

When your home first hits the market, your listing agent will note that it’s “Active,” as in ready and available for showings — but there’s a lot of ground to cover before your agent lists the status as “Closed,” when you have a done deal and you’re ready to hand over the keys. An offer has been accepted, and the sale is expected to close.

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MLS Backup offer Inspection contingency Purchase and sale agreement 105

HomeLight

MARCH 31, 2022

Repairing or renovating a home can be expensive and isn’t always financially feasible. Selling “as is” allows you to move forward with the sale without making a huge investment or tying up money you need for other purposes. A faster track to closing. Can’t afford repairs. Facing a critical or unexpected financial situation.

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As-is Inspection Investor Short sale 122

HomeLight

FEBRUARY 24, 2023

After all, someone needs to buy that house you’ve just renovated , and your chances of a quick sale — at a desirable price — are much higher in a location where people want to live. Jenkins also notes that now is a great time to buy and hold a property — as opposed to renovating a house and selling it immediately. “I

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House Flipping Renovation Finance Agents 105

HomeLight

JULY 25, 2022

Age does not necessarily detract from your home’s worth, as long as quality materials and building practices were used and the home has been renovated or at least properly maintained. Forgiven debt can include a short sale, foreclosure, deed in lieu of foreclosure, or loan modification. Expect to pay 9%-10% of the sale price.

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Closing costs Equity Short sale Agents 111

HomeLight

JULY 25, 2022

Age does not necessarily detract from your home’s worth, as long as quality materials and building practices were used and the home has been renovated or at least properly maintained. 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.

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Closing costs Short sale Equity Sales 110

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. Closing costs. Renovation time. Line up the contractors, plumbers, electricians, and anyone else you might need to begin work the day after the closing.

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House Flipping Inspection Renovation Finance 111

Realty Biz

SEPTEMBER 23, 2021

Home equity can be tapped for renovations, college loans and more. Miami Distressed Sales Keep Dropping, Reflecting Healthy Market. of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales, compared to 3% in August 2020. Miami Cash Sales 76.8%

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Sales Fixed-rate mortgage Short sale Equity 104

HomeLight

FEBRUARY 26, 2021

And in most cases, an investor or flipper who purchases the home will want to make those bigger renovations themselves, as they have the expertise and resources to tackle them faster and less expensively. In an ideal investing scenario, a fixer-upper would have only cosmetic issues, where the renovations would be low-cost and straightforward.

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Investor Inspection Renovation Sales 110

The Close

JULY 30, 2024

Recovery stage (Source: CrowdStreet ) What investors should do during recovery : Purchase below-market properties (best to do in the early stages of recovery) Sell renovated properties that were purchased during a recession Negotiate property prices to get undervalued properties or the best value for your flipped homes 2.

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HomeLight

MARCH 10, 2023

With more than 17 years of experience in the Syracuse market, Frank Procopio has closed nearly 600 real estate transactions and has personal experience flipping houses, as well as working with investors and homebuyers who are actively flipping houses in the area. Find a Buyer's Agent What is house flipping?

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HomeLight

JULY 31, 2021

turn four walls and a roof into money in the bank, without the need for inconvenient showings, nail-biting appraisals , or a 50-day closing. They look for motivated sellers who want to close quickly and avoid the potential complications of financing or sale contingencies, even if it means accepting a lower offer price,” he explains.

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Earnest money deposit Inspection Inspection contingency Title 98

HomeLight

FEBRUARY 24, 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. There’s an opportunity to do renovations differently than most other house flippers in Texas. Find a Buyer's Agent What is house flipping?

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House Flipping Renovation Finance Investor 105

HomeLight

FEBRUARY 24, 2023

As home renovation shows have skyrocketed in popularity in recent years, so too has the business of flipping houses. After all, someone needs to buy that house you’ve just renovated , and your chances of a quick sale — at a desirable price — are much higher in a location where people want to live. Byron R Ford, Jr.

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House Flipping Inspection Renovation Finance 100

HomeLight

MARCH 29, 2023

The platform combines the information you provide us about your home with local neighborhood data to get you a great cash offer within a week and closing on your home in as little as 10 days. They repair and renovate properties in hopes of turning a significant profit. Sellers can forgo repairs and staging.

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Sales Staging Investor Agents 98

HomeLight

JANUARY 19, 2023

Flipping houses has never been a more desirable pursuit, no doubt thanks in part to the vast popularity of home renovation shows. Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. During this time, 12.9%

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House Flipping Inspection Renovation Finance 105

HomeLight

FEBRUARY 26, 2021

According to the 2020 Profile of Home Buyers and Sellers from the National Association of Realtors (NAR), 44% of buyers who purchased new homes did so to avoid renovations and problems with plumbing or electricity. In fact, 95% of purchased homes undergo an inspection before closing. Enter real estate disclosures.

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As-is Sales Inspection Investor 111

HomeLight

AUGUST 16, 2021

What will it cost to renovate it so you command either market rent or a sale at a price that represents a margin you’re comfortable with? That gives us some breathing room for closing costs, holding costs, and selling costs, while still having the ability to make a reasonable ROI,” he says.

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Banks Pre-qualification Investor Short sale 105

HomeLight

JULY 31, 2021

So began the foundations of a business built on buying properties at below-market value, renovating them, and re-selling them on the open market — a process D’Angelo would master and develop training systems around that he could then pass on to others. The approximate cost of renovations and repairs. Some offers are negotiable, though.

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House Flipping Renovation Investor Sales 98

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?

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As-is Inspection Investor Closing costs 119

HomeLight

JULY 31, 2021

While some traditional homebuyers may find these issues problematic, there are plenty of cash home buyers in Pittsburgh who are willing to purchase properties “as is” in the area while offering a quick closing. Timeline of a cash sale in Pittsburgh. Perhaps such a deal is of interest to you as a Pittsburgh homeowner. nationwide.

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Investor Inspection Sales Closing 111

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. Not all sellers have the time or budget for hefty renovations necessary for a proper listing, and that’s OK.

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Home sale contingency Closing costs Investor Closing 105

Rent, Buy & Sell

JANUARY 20, 2023

Foreclosures and short sales may be enticing due to low offer prices, but they carry some risks and potentially higher costs. Be Wary of Foreclosures and Short Sales Foreclosures and short sales abound in poor economies. For example, a homeowner may hire a contractor to do a kitchen renovation.

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Title search Short sale Title Fixed-rate mortgage 59

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 Massachusetts. It’s worth noting there are many buyers out there looking for a renovation project.

As-is 111

As-is Inspection Sales Investor 111

HomeLight

APRIL 30, 2021

It’s also a helpful tool for homeowners who might be considering some renovations and wonder what the return on investment might be for adding that deck or upgrading the master bath. Lenders require buyers who are getting a mortgage to obtain an independent, third-party appraisal prior to their home closing.

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Marketing MLS Agents Renovation 111

HomeLight

FEBRUARY 24, 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. Year-over-year population growth: Up 1.17% Median home sale price: $380,000 Year-over-year home price growth: Up 8.2% Find a Buyer's Agent What is house flipping?

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House Flipping Renovation Investor Finance 105

Redfin

MARCH 4, 2025

Ideally, you would have enough equity to cover commissions, any liens, and closing costs. Foreclosure can damage your credit score, so you may want to consider a short sale if this is the case. However, your lender will need to agree to a short sale so its best to speak with them as soon as you can.

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Equity Loans Seller concession Short sale 31

HomeLight

SEPTEMBER 1, 2020

You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”. Bank-owned homes may not be the best-staged or the most recently renovated. You’ll want to know exactly what you are getting into before the deal closes. Step 14: Closing time!

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Banks Inspection contingency Inspection FHA loan 98

HomeLight

AUGUST 24, 2022

A cash offer can lead to a speedier and lower hassle sale. Let’s review some of the top reasons to work with a cash home buyer in Florida: Faster time to close. Imagine you list your home for sale and attract a buyer right away who is also willing to offer a top price. Pros of working with a Florida cash home buyer.

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Purchase and sale agreement Title search Proof of funds Title 111

HomeLight

JANUARY 25, 2021

According to a survey over 2,000 adults from real estate brokerage Coldwell Banker, 80% of Americans say they would prefer to buy a turkey home over one that requires renovations. She checks sold comps to see what renovations provide the best return on investment so she’s not tempted to over-improve a property.

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Purchase and sale agreement Investor Inspection Due diligence 111

The Close

AUGUST 18, 2022

Emile L’Eplattenier, Managing Editor , The Close. Emile L’Eplattenier, Managing Editor , The Close. Emile L’Eplattenier, Managing Editor , The Close. Sean Moudry, Close Contributor & Real Estate Coach , 16 Strategies. Sean Moudry, Close Contributor & Real Estate Coach , 16 Strategies. copy to clipboard.

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Purchase and sale agreement Title Closing Short sale 98

HomeLight

FEBRUARY 9, 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. Flipping houses requires a delicate balance of availability of homes at discounted prices, making cost-effective renovations , and buyer demand for when you go to sell.

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House Flipping Hard money loan Finance Renovation 105

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. .

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Title House Flipping Title search Sales 109