Realty Biz

NOVEMBER 14, 2023

Target Distressed Properties Distressed properties, such as foreclosures and short sales, are prevalent during a housing market correction. Yet, careful due diligence is essential to understand these properties' potential risks and costs well. These properties are often sold at a discount.

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Due diligence Marketing Investor Finance 91

HomeLight

AUGUST 16, 2021

But this isn’t a time to skip your due diligence — be sure that you fully understand the rules of the auction and what the payment terms are if you’re the successful bidder. In short: Carefully review all available documents pertaining to the house in question and the terms of the auction. Move in or start working.

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Title Due diligence Finance Inspection 111

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.

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Due diligence Purchase and sale agreement Renovation Title search 52

HomeLight

MARCH 30, 2022

Investors making a cash offer are more likely to purchase a house as-is , so you can cut costs for renovations , staging , and curb appeal projects. You’ll avoid the inconvenience of showings, open houses, and renovations. Simple Sale, a solution from HomeLight, has a network of real estate cash buyers on its platform.

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Sales Investor Renovation Staging 111

HomeLight

OCTOBER 5, 2020

But, as we’ll discuss below, the home’s current condition might set it apart from other comparable homes in the area, dragging its value down until it’s been renovated or repaired.). They’ll likely need renovations, whether you’re living in it or you plan to rent to a tenant. Constantine recommends you do your due diligence.

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Due diligence Earnest money deposit Banks Inspection 72

HomeLight

FEBRUARY 26, 2021

According to the 2020 Profile of Home Buyers and Sellers from the National Association of Realtors (NAR), 44% of buyers who purchased new homes did so to avoid renovations and problems with plumbing or electricity. A home inspection is part of a buyer’s due diligence. Enter real estate disclosures.

As-is 111

As-is Sales Inspection Investor 111

HomeLight

AUGUST 16, 2021

What will it cost to renovate it so you command either market rent or a sale at a price that represents a margin you’re comfortable with? Ervin puts it similarly: “The best way to get a good deal on a banked-owned house is to do your due diligence and over-budget your rehab cost… because you never know what you’ll run into.”.

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Banks Pre-qualification Investor Short sale 105