Bigger Pockets

MARCH 14, 2023

You’ve found your market, done your due diligence, passed your inspections, and now you’re asking, “what’s next?” Don’t know what to do AFTER closing on a house? Two of our […]

Due diligence 83

Due diligence Investor Inspection Closing 83

HomeLight

AUGUST 31, 2021

The lender usually also requires additional contingencies before they’ll approve the loan, such as an appraisal contingency to make sure the home is worth the amount they are loaning you to buy it, and an inspection contingency to see if there are any potential problems. A cash buyer is more likely to waive appraisal and inspections.

Due diligence 106

Due diligence Inspection Pre-approval Pre-qualification 106

HomeLight

NOVEMBER 27, 2024

If you’re a homeowner in Illinois looking for a way to sell your house without the stress of appraisals, inspections, or buyer financing, working with a cash home buyer could be the solution you need. Focus on investors rather than owner-occupiers Investors, including institutional buyers, are key players in Illinois’ cash market.

Proof of funds 105

Proof of funds Sales Due diligence Investor 105

Realty Biz

OCTOBER 5, 2022

Also, there is no substitute for your own due diligence. Due proper due diligence. This is especially true for people who are new to real estate investing or even experienced investors taking on a project type that they have never been involved with before. This goes beyond having an inspection done.

Due diligence 96

Due diligence Inspection Investor Residential 96

Realty Biz

JANUARY 25, 2023

Research and Due Diligence Before making an offer on a property, it is important to do your research and due diligence. This includes researching the local housing market, inspecting the property, and reviewing the property's financial history.

Due diligence 94

Due diligence Hard money loan Property Management Finance 94

HomeLight

FEBRUARY 26, 2021

You might not be aware of every flaw — that’s for the home inspection to notice — but once you are, you can’t hide them, and legally, neither can your agent. Buyers can still get an inspection to unearth problems. A home inspection is part of a buyer’s due diligence. Risks of sweeping home flaws under the rug.

As-is 111

As-is Sales Inspection Investor 111

Marco Santarelli

APRIL 9, 2024

A rental-ready project earns an investor money almost immediately after its purchase. The other reason why investors love turnkey rental deals is the responsibility it take off their shoulders. This too is a factor that attracts a lot of passive real estate investors to rental properties. ” Why so? You may ask.

Due diligence 98

Due diligence Property Management Investor Development 98

HomeLight

AUGUST 31, 2021

Complete inspections: If the deal moves forward, the cash buyer may still perform steps like the inspection and appraisal — it all depends on who you work with and how they operate. Even if you’re selling “as is”, an inspection could still be required. Now we’re seeing a lot of these investors coming in at market value.”.

Proof of funds 144

Proof of funds Investor Due diligence Title 144

Realty Biz

JUNE 4, 2023

Investors, brokerage firms, builders, and in fact, modern-day buyers or sellers, mostly millennials, prefer using online routes to manage and close transactions. What's more, virtual data rooms make sure that realtors easily collaborate with their teammates, the firm's management, investors, and everyone involved in the deal.

Due diligence 82

Due diligence Title search Investor Inspection 82

The Close

NOVEMBER 7, 2024

A well-structured plan will guide your decisions and attract potential partners or investors. Crowdfunding: Real estate crowdfunding is when investors pool resources and invest in projects such as new developments or acquisitions. The key here is finding deals where the seller, wholesaler (you), and investor all win.

Hard money loan 91

Hard money loan Purchase and sale agreement Investor Due diligence 91

HomeLight

MARCH 13, 2023

The buyer does due diligence during the option period in California, which is typically one to 10 days. Although there are no required disclosures because the property is being sold as-is, there is an inspection period. I get inspections on big-ticket items like the sewer and the foundation.

Sales 105

Sales Purchase and sale agreement Due diligence Inspection 105

HomeLight

OCTOBER 17, 2022

In most cases, unless you’re working with investors, it’s very wise to have one completed for the seller’s protection and for the benefit of a smoother transaction,” said Deborah Morton , a top-selling real estate agent in Acworth, Georgia, who sells properties 42% faster than the average agent in her area.

Purchase and sale agreement 105

Purchase and sale agreement Due diligence Earnest money deposit Inspection 105

HomeLight

OCTOBER 30, 2020

Problems come up during inspection. Real estate contract contingencies are commonly associated with getting a mortgage, as lenders tend to do their due diligence on a property before they’ll put up the money for it. But understand that inspections can delay the deal. These are all major repairs that can add up quickly.

Closing 116

Closing Inspection contingency Title search Purchase and sale agreement 116

HomeLight

FEBRUARY 29, 2024

Acceptance of this offer leads to a swift closing, bypassing common holdups like loan approvals or home inspections. In Spokane, a variety of reputable house-buying companies and investor groups are ready to pay cash for your home. Here are the three easy steps in the Simple Sale process: Who else buys houses for cash in Spokane?

Due diligence 111

Due diligence Property Management Inspection Sales 111

Marco Santarelli

OCTOBER 5, 2024

If so, let me tell you: turnkey properties are a game changer for newbie real estate investors. Let’s explore why these properties are becoming a favorite among first-time investors and how they work. Investment Ease: Minimal hands-on effort for investors. Immediate Cash Flow: Start earning from day one.

Investor 52

Investor Purchase and sale agreement Property Management Renovation 52

HomeLight

SEPTEMBER 30, 2021

However, investors and agents often see these preforeclosures as an opportunity. Again, most foreclosure auction purchases are completed by professional investors, because these deals are typically done in cash, and foreclosed homes may involve risks that everyday homebuyers aren’t up for (more on that soon). You’re buying as-is.

Banks 122

Banks Inspection Equity Investor 122

HomeLight

AUGUST 24, 2022

As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. Buyers are still going to do their inspection, they’re going to do their own due diligence and they are going to be paying their inspector. Todd Auslander.

As-is 111

As-is Inspection Closing costs Investor 111

Realty Biz

DECEMBER 15, 2023

Michelle Kam explores ten factors that every prospective real estate investor should carefully evaluate before purchasing. Market Trends And Property Values Staying abreast of current market trends is essential for prospective real estate investors. Property Taxes Property taxes can significantly impact the overall cost of ownership.

Due diligence 97

Due diligence Property Management Investor Finance 97

The Close

SEPTEMBER 24, 2024

Real estate wire fraud is up 4x over the past five years, which is a scary thought for real estate agents and investors. As a real estate safety expert, former agent, and investor, I’ve seen firsthand the devastating consequences rental scams can have. Cyber insurance is also a must for today’s investors.

Due diligence 88

Due diligence Investor Title Inspection 88

CT Homes

NOVEMBER 24, 2020

Knowing why investors include these terms in their offers and how to counter them will put you in a much stronger position in the transaction and simplify the process of selling your home for cash. Companies that buy houses for cash say they’re non-contingent and that they “don’t need an inspection period”.

Earnest money deposit 52

Earnest money deposit Due diligence Inspection Investor 52

CT Homes

NOVEMBER 24, 2020

Knowing why investors include these terms in their offers and how to counter them will put you in a much stronger position in the transaction and simplify the process of selling your home for cash. Companies that buy houses for cash say they’re non-contingent and that they “don’t need an inspection period”.

Earnest money deposit 52

Earnest money deposit Due diligence Inspection Investor 52

HomeLight

MARCH 13, 2023

We’ve gathered insights from top real estate agents and investors to create this guide navigating Orlando’s cash home buyer market so you can sell your property in as fast a timeframe as you require. But Orlando’s cooling real estate climate with interest rates that nearly doubled since last year has taken its toll on investor activity. “In

Sales 98

Sales Investor Due diligence Renovation 98

HomeLight

MAY 24, 2022

First things first: Get your septic system inspected by a certified inspector — a private contractor, someone from the health department, or a wastewater professional. Average cost of a professional inspection ranges from $260 to $420. In fact, if you have an offer on your home, an inspection might be compulsory before closing.

Inspection 116

Inspection Due diligence Agents As-is 116

The Close

NOVEMBER 12, 2024

Inspect the land: Take a stroll on the property—bring your favorite boots. As part of your due diligence, here are some factors to explore when purchasing land. Step 3: Decide the Type of Land to Purchase Many new investors usually know about common land deals, like buying a rural property, farmland, or empty residential lots.

Land 75

Land Investor Finance Development 75

HomeLight

JULY 31, 2021

The main method is to request a cash offer from an investor or cash-buying company that will likely purchase your home “as is.” Your buyer could be an investor who plans to turn your home into a rental, an iBuyer (instant buyer) that provides quick offers online, or a house flipper who plans to remodel and resell the property for a profit.

Earnest money deposit 98

Earnest money deposit Inspection Inspection contingency Title 98

HomeLight

JANUARY 25, 2021

Kyle McCorkel , an investor who regularly buys, rehabs, and resells properties around Harrisburg, Pennsylvania, recently bought a 1,200-square-foot townhouse for $55,000 from two brothers who wanted to sell the home on behalf of their father, who has health issues and let it fall into disrepair. Your property suffered severe damage.

Purchase and sale agreement 111

Purchase and sale agreement Investor Inspection Due diligence 111

Realty Biz

JULY 6, 2022

Many perceptive investors know that turn key rentals can bring in a reliable, low-risk, and highly rewarding passive income. A turnkey rental doesn’t become passive until you’ve done the original due diligence to put all of the right pieces in place. Have the property professionally inspected. Know the neighborhood.

Due diligence 86

Due diligence Property Management Investor Inspection 86

HomeLight

MARCH 16, 2023

The Greater Houston area is expected to continue being a hot investor marketplace this year as its 7.2 Learn more: 7 of the Top We Buy Houses for Cash Companies in Houston However, first-time or fair-weather investors facing high interest rates and inflation have created some challenges in the Texas market.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93

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. Sometimes you still have the ability to back out.

As-is 100

As-is Inspection Title search Inspection contingency 100

HomeLight

FEBRUARY 4, 2022

Guide you through the steps of due diligence and inspections. Unless you’re a real estate investor who deals with dozens of home sales every year, it’s going to be very difficult to learn as much about real estate as your agent already knows. Provide advice on first-time buyer programs and recommend mortgage lenders.

Agents 115

Agents Purchase and sale agreement Due diligence Inspection 115

HomeLight

JULY 31, 2021

With the help of a local real estate agent and some seasoned San Antonio real estate investors, we created this guide to give you a head-start to finding a San Antonio cash buyer for your home. Affordable housing sparks investor activity in San Antonio. Affordable housing sparks investor activity in San Antonio. Hot climate.

Investor 111

Investor Title Sales Due diligence 111

Realty Biz

FEBRUARY 2, 2024

When the damage is significant, contacting real estate investors for a quick turnaround may make sense. Assessing the Extent of the Damage To assess the extent of the fire damage, it is essential to inspect both the visible and hidden areas of the house. Let's dive into what you should know.

Investor 111

Investor Sales Due diligence Renovation 111

Realty Biz

FEBRUARY 1, 2024

Whether it's a first-time homebuyer or an experienced investor, a buyer's agent plays a crucial role in guiding clients through the complexities of the real estate market. Due Diligence and Research Buyer's agents are critical in guiding buyers through due diligence.

Agents 68

Agents Due diligence Purchase and sale agreement Inspection 68

Realty Biz

NOVEMBER 6, 2020

Also, there is no substitute for your own due diligence. Due proper due diligence. This is especially true for people that are new to real estate investing or even experienced investors taking on a project type that they have never been involved with before. This goes beyond having an inspection done.

Due diligence 65

Due diligence Purchase and sale agreement Inspection Investor 65

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. Work with an investor-savvy real estate agent. Learn More.

Sales 111

Sales Investor Renovation Staging 111

CT Homes

OCTOBER 30, 2020

It’s extremely important that you do your due diligence on every interested buyer that submits an offer. Any worthwhile investor is going to walk the property and know exactly what they are buying before closing. Look to see that the inspection period is not unnecessarily long. Inspections.

Earnest money deposit 78

Earnest money deposit Inspection Proof of funds Due diligence 78

HomeLight

FEBRUARY 14, 2022

One investor I work with works solely in the rent-to-own arena, because they have it as their mission to supply good and fair housing to people who don’t have the means to purchase right now,” says Labus. Her investor client believes that everyone deserves to live in a place they can be proud of and be treated with dignity.

Purchase and sale agreement 109

Purchase and sale agreement Due diligence Finance Equity 109