HomeLight

OCTOBER 30, 2020

And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. Contingencies are clauses in real estate contracts stipulating that certain conditions must be met before the deal can close. Why do sellers love cash so much?

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HomeLight

DECEMBER 31, 2020

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

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HomeLight

AUGUST 31, 2021

Ever since the 2008-2009 recession, cash offers have become more prevalent, accounting for 33% of sales as of 2021 — that’s up from 20% in 2019. Cash buyers have the option of taking these same steps for appraisals and inspections, but they aren’t required to so to appease a lender. Updated August 31, 2021. Source: (Mike / Pexels.com).

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HomeLight

MARCH 13, 2023

Whatever your reason for needing a quick sale without making a substantial investment, the Orlando real estate market is teeming with cash buyers ready to make a deal no matter your home’s condition. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready.

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Point2Homes

DECEMBER 7, 2020

If a homeowner fails to keep up with their mortgage payments, the lender can begin foreclosure proceedings, and the sale of foreclosed homes can sometimes be a bargain to home buyers. As an example, below are some of the steps involved in the sale of a foreclosed home that you need to be aware of. How to Buy Foreclosed Homes.

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HomeLight

MAY 28, 2021

But there are protections in place that are designed to prevent the sale of a “lemon” house equivalent. Issues beneath the flooring or behind the drywall won’t be uncovered by a regular inspection, but inspectors will alert buyers of any questionable, tell-tale signs that may need to be further investigated by a specialist.

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HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

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HomeLight

MAY 28, 2021

However, it’s vital to do your due diligence before buying a home as-is to protect yourself or you might just end up wasting your investment on a money pit. An example: Let’s say a property is listed as-is, and a home inspection finds a leaky roof and foundation issues. As-is, where-is. The first is the seller’s disclosure.

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HomeLight

JULY 26, 2022

Is it a yard sale? No…it’s a for sale sign!!! A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent. A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent.

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HomeLight

JULY 31, 2021

Reports from the National Association of Realtors show that nearly a quarter of existing home sales were made with all-cash in the spring of 2021 — but how do you go about finding your cash buyer? Our guide aims to address the urgency of needing cash with the level of thought and care that a sale of this weight requires. Good bones.

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HomeLight

SEPTEMBER 1, 2020

If the homeowner fails to catch up on their payments by the auction date, the home is auctioned for sale. 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 property sales work a little differently and can often take a bit longer.

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HomeLight

AUGUST 27, 2021

Even if it’s not legally required, the seller could still face issues with the sale because the mold issue could come to light and could put the sale in jeopardy. Do your due diligence with FSBO homes and get a home inspection to identify telltale signs of mold, such as visible mold growth, leaky pipes, water damage, and more.

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HomeLight

OCTOBER 29, 2021

The lender needs to do their due diligence on the property you’re buying, too. Reputable lenders do due diligence before they give a preapproval letter,” Maggio says. In that case, you could get your earnest money back if you have an inspection contingency and make the decision within the period the contract specifies.

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HomeLight

AUGUST 24, 2022

According to Todd Auslander , who completes 27% more sales than the average Stamford, Connecticut agent, selling a house ‘as is’ in Connecticut is mostly done when the owner inherits the house, lives out of state, or the house is in really bad condition. Median sales price in Connecticut. Estate sales. Request Offer.

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HomeLight

OCTOBER 29, 2020

Contingencies can range from the relatively minor or otherwise workable — like requesting a $3,000 allowance to fix a plumbing issue that was revealed during inspection — to more serious stipulations, such as a buyer needing to sell their existing house before closing on the next. Negotiable contingencies. Home inspections.

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Redfin

OCTOBER 10, 2023

“While New York State (NYS) does not mandate home inspections when purchasing a house, given the current market situation and the limited supply of homes for sale, we believe it is even more important for home buyers to exercise due diligence and safeguard their most significant lifetime investment,” recommends J² Home Inspections.

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HomeLight

AUGUST 9, 2022

If you back out of the sales agreement and your reason for doing so isn’t covered by contingency written into the contract, the seller can keep your earnest money. Earnest money is usually refundable if certain contingencies aren’t met causing the termination of the contract. A word to the wise: proceed with caution.

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HomeLight

SEPTEMBER 15, 2021

Even if you’re listing your home without a Realtor’s® help, you’ll still need to gather the necessary paperwork for the sale and fill it out correctly. We hope it helps illuminate this tricky part of the sale, while giving you an honest idea of just how complex real estate transactions can be! Original sale contract.

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HomeLight

JULY 29, 2022

There are certain properties I would immediately order a title search before I do anything else: A foreclosure , a short sale , a bankruptcy, an estate sale,” Houck says. What if you get to the closing table… and it turns out the seller doesn’t actually have the full rights to make the sale?

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Redfin

MARCH 15, 2021

But even in a seller’s market, where there are far more buyers than homes for sale, there is no guarantee your home will attract multiple offers. With a 3D Walkthrough , buyers can explore every nook and cranny of a home for sale without ever having to leave their homes. Include an interactive virtual walkthrough in your listing .

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HomeLight

FEBRUARY 28, 2021

The average home sales price for new and existing homes in the Salt Lake City Comprehensive Housing Market Analysis was $396,100 during the 12 months ending June 2020, up 8% from the previous 12-month period. The median price of a home in the U.S. Oftentimes houses can’t be insured if they have these panels.”.

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Point2Homes

SEPTEMBER 30, 2021

Real estate transactions often feature contingency clauses that allow both parties to back out of the sale under the circumstances stipulated in the contract. One common type you’ll encounter is a sale and settlement contingency. However, they’re no guarantee that your house will sell. Cash Purchases.

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