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Navigating movement in the mortgage industry series: Due diligence in mergers and acquisitions

Housing Wire

Thus, it has never been more important to focus on due diligence in analyzing a mortgage industry acquisition target. In a typical transaction, the due diligence checklist can be overwhelmingpages upon pages in length. Key executives and employees An obvious concern of the purchaser is the ability to retain key people.

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Low Appraisal on Your Home? A Reconsideration of Value Might Save the Sale

HomeLight

If you suspect this is the case and have evidence to back it up, you may be able to save the sale if you can convince the appraiser to reconsider. Approximately 9% of home appraisals come in below the sales price. The first step to saving the sale is to request a reconsideration of value (ROV). Reconsideration of value process.

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Will a House With an Offer On It Be Removed From the MLS? Agents Explain How It Works

HomeLight

From the terms for different types of houses to the lingo associated with lending, there’s plenty of terminologies that can feel overwhelming for a buyer to keep up with. The MLS is a real estate database of all the homes in your area that are currently for sale, pending sale, or have recently been sold, and so much more.

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What You Need to Know If You’re Buying a Home from the Owner

HomeLight

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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How to Sell a House to a Friend So No One Feels Cheated: 11 Do’s and Don’ts

HomeLight

Find an Agent to Coordinate a Sale Among Friends. Not all states require you to hire a real estate attorney to buy or sell real estate, but it’s almost always advisable to get legal representation in a sale among parties with a pre-existing relationship. HomeLight can help connect you with an agent who is qualified to help.

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Eliminating Stringent Contingencies: How to Make a Contingent Offer Stronger

HomeLight

Because the stakes are high when it comes to property transactions, contingencies are written into the purchase agreement , and in most cases, action must be taken toward satisfying those contingencies within a certain time frame. In these cases, buyers make up the difference between the purchase price and the appraisal with cash.

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13 Tips For Buying a Rental Property in 2022

Norada Real Estate

Looking to purchase and profit from a rental property? However, it requires due diligence, on your part, to ensure you get the best return on your investment. Just like any business, purchasing a rental property to earn monthly income can be a bit risky too. What are the comparable rents and purchase prices?