Marco Santarelli

AUGUST 16, 2024

Cheap doesn't mean dilapidated: While properties requiring renovations can offer significant discounts, avoid equating “cheap” with uninhabitable. Consider closing costs, potential renovations, carrying costs like property taxes, insurance, and potential vacancies. This impacts your property selection and exit strategy.

Due diligence 52

Due diligence Purchase and sale agreement Renovation Title search 52

HomeLight

MAY 28, 2021

You’re scrolling through your MLS listings , and there’s a shockingly affordable new property available. 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. Conduct a title search. USDA loans.

As-is 100

As-is Inspection Title search Inspection contingency 100

HomeLight

AUGUST 24, 2022

There are plenty of reasons to have a real estate agent in your corner — visibility in the MLS , help with stagings and showings, assistance with negotiations and contracts, to name just a few — and now you can add sourcing a cash buyer to the list. Do your due diligence. The buyer runs a title search on the property.

Purchase and sale agreement 111

Purchase and sale agreement Title search Proof of funds Title 111

HomeLight

DECEMBER 7, 2021

Generally, cosmetic issues, renovations or updates you want to do, landscaping, and repairs to outbuildings are considered unreasonable repair requests. It’s all up to the buyer to perform due diligence. The closing process also includes a title search and the buyer’s mortgage underwriting before the closing date.

Inspection 105

Inspection Purchase and sale agreement Pre-approval Closing 105