HomeLight

MARCH 13, 2023

As concrete foundations settle on sandy soil, houses may develop settlement cracks and other foundation issues. More certainty: With a pre-offer walk-through, a cash home buyer can generally provide a firm cash offer that comes with few contingencies, or no contingencies at all. to 3% of the sale price in Orlando.

Sales 98

Sales Investor Due diligence Renovation 98

HomeLight

NOVEMBER 10, 2021

After you submit your documentation, you’ll know what kind of budget you have to work with, or your approval “ceiling.”. Local agents also know the housing stock in the area — including which builders built which local developments, the common issues in their homes over time, or the most desirable new areas. Source: (Beazy / Unsplash).

Inspection 98

Inspection Title Agents Pre-approval 98

Marco Santarelli

AUGUST 16, 2024

Laying the Foundation: Pre-Investment Essentials A successful real estate investment journey begins with a solid foundation. Get pre-approved for a mortgage: This strengthens your position as a serious buyer and streamlines the purchase process. Factor in all costs: The purchase price is just the tip of the iceberg.

Due diligence 52

Due diligence Purchase and sale agreement Renovation Title search 52

HomeLight

MARCH 16, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few contingencies, or no contingencies at all. Home-buying companies generally pick up the remainder of closing costs that total about 8% including title search and title insurance.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93

HomeLight

SEPTEMBER 16, 2021

Since around 2005, homeowners have been able to request a free home value estimate online thanks to the development of algorithmic pricing tools. Clear title. Title problems can delay your closing, and a title search will be necessary to close the sale regardless of whether your buyer is paying all-cash or needs a mortgage.

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Title Inspection Proof of funds Investor 105

HomeLight

AUGUST 31, 2021

The exact steps vary from state to state, but let’s take a general look : Pre-foreclosure: As the name implies, a pre-foreclosure isn’t in foreclosure yet, but it’s on the way there. Usually, a home goes into pre-foreclosure after several consecutive months of missed mortgage payments, and the lender issues a notice of default.

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Pre-approval Short sale Banks Finance 111

HomeLight

MARCH 17, 2021

Pre-qualification is just an estimate of what size loan you might qualify for. With a pre-approval, you typically submit your financial paperwork with your initial mortgage application, and the lender will verify the information. Complete the title review (about a week before closing). Navigating open houses.

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Pre-approval Purchase and sale agreement Title Closing 98

Real Trends

DECEMBER 27, 2022

Before a mortgage is approved, lenders will have a property appraisal. On the buyer’s side, if a property’s appraised value is lower than the contract’s value, the mortgage may be declined; the mortgage may be approved if the buyer contributes cash up-front (to make up for the difference in value). Asynchronous appraisal.

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Sales Home sale contingency Pre-approval Inspection 62

The Close

DECEMBER 29, 2022

Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership. A title search helps create that chain and is usually conducted by a lawyer or title company.

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98