HomeLight

AUGUST 16, 2021

REOs for short, these kinds of sales expose buyers to a lot of potential risk. But they also provide a lot of opportunity for big return on investment, too — much bigger, and faster, than you might expect with many traditional sales. What is an REO sale? In the market for a “ real estate owned” property ?

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Banks Pre-qualification Investor Short sale 105

HomeLight

SEPTEMBER 30, 2020

Durham says that in Georgia, foreclosures must be advertised for four weeks leading up to the sale. “If The title’s been checked out, you can go inside the house and look at it and do all your due diligence. With the courthouse steps [auction], you literally do no due diligence.”. Source: (Antenna / Unsplash).

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Due diligence Hard money loan Finance Banks 98

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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Marketing Due diligence Investor Finance 91

HomeLight

APRIL 30, 2021

It pulls in a bunch of details about nearby properties of a similar size and style that have recently sold in your area, and uses their sale prices as a benchmark when setting your home’s list price. Sales history and value adjustments over the years. Median sale price vs. sales volume. Highlights and features (i.e,

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Agents Marketing Due diligence Sales 100

HomeLight

MARCH 19, 2022

Unfortunately, too many homeowners fail to do the same due diligence when hiring the Realtor ® who’ll help them sell their most valuable asset. An above-average sale-to-list price ratio (meaning they on average fetch more for their sellers than their peers). They want to make sure you’re doing your due diligence!

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Closing Due diligence Staging Agents 105

HomeLight

DECEMBER 30, 2021

Matt Laricy is a top agent in Chicago , completing 41% more sales than the average agent in his area. In some states, you could have three attorneys involved — the buyer’s attorney, the seller’s attorney, and the mortgage lender’s attorney — in a purchase and sale. At some point, you might ask yourself: Should a lawyer be involved?

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Purchase and sale agreement Title Short sale Closing 97

HomeLight

JULY 31, 2021

Whether you’re a retiree looking to downsize from a large suburban home or a landlord ready to unload a River Walk rental condo, finding cash home buyers in San Antonio will be the best way to fast-track the sale and move you closer to your goals. Timeline for a cash sale in San Antonio. Timeline for a cash sale in San Antonio.

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Investor Title Sales Due diligence 111

HomeLight

SEPTEMBER 30, 2021

These opportunities might include: Pre-foreclosure sale. Pre-foreclosure sales. This is usually done through a preforeclosure sale. Something to note here: Many of these preforeclosure homes are not listed for sale. The process differs by state, but most foreclosure auction sales are done quickly and in cash.

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Banks Inspection Equity Investor 122

HomeLight

AUGUST 24, 2022

Looking to connect with a Florida cash home buyer for a quick sale in the Sunshine State? HomeLight’s Simple Sale platform provides all-cash offers, giving clients a fast, stress-free home selling experience without having to worry about additional repairs or prep work and with no additional fees, commissions, or upfront costs.

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Purchase and sale agreement Title search Proof of funds Title 111

HomeLight

JANUARY 25, 2021

A traditional sale might be what you had in mind when you originally bought your home. The structure “had to be taken down to the studs,” Griffin says, not the ideal condition for a conventional sale. If you’re going to sell your house for cash, make sure you do your due diligence on the buyer. You need to relocate fast.

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Purchase and sale agreement Investor Inspection Due diligence 111

HomeLight

OCTOBER 5, 2020

An appraiser will compare the home to others around it, taking into account recent sales prices for other homes with similar features. You’ll get even more insight with an experienced real estate agent, who can be an asset in understanding home sales, pricing, and appraisals of the specific home or homes you’re evaluating.

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Due diligence Earnest money deposit Banks Inspection 72

HomeLight

MAY 24, 2022

Everyone involved will need time to perform their due diligence. A cash sale: Start to finish. Every home sale has its quirks, but in general, “a cash sale can be turned over in a week to two weeks,” according to Suz Poepke Pohl, owner and escrow agent at Cygneture Title for the past 10 years. Average Price Point.

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Purchase and sale agreement Closing Title search Title 111

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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Banks Inspection contingency Inspection FHA loan 98

Marco Santarelli

AUGUST 16, 2024

Check Our Inventory of Turnkey Rental Properties For Sale 2.2. Foreclosures and Short Sales Distressed properties often come at a discount: Foreclosures and short sales present opportunities to acquire properties below market value. However, proper research and due diligence can mitigate these risks.

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Due diligence Purchase and sale agreement Renovation Title search 52

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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Earnest money deposit Inspection Inspection contingency Title 98

HomeLight

AUGUST 16, 2021

Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. Today, she has sold more than 4,000 homes total and around 2,500 of those have been foreclosures or short sales. I believe it’s gonna be a short sale market personally, until next year. Auction.com.

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Marketing Short sale Bankruptcy Banks 76

HomeLight

OCTOBER 29, 2020

Sales contingency. If something jeopardizes your sale, then their deal with you is now also at risk. A settlement contingency is similar to a sales contingency, but in this case, you’ve already found a buyer for your house and you’re just waiting to close. Short sale or bank approval contingencies.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 81

HomeLight

APRIL 29, 2022

“Some people have a lot more time and energy to engage and make the best of the sale, and some people don’t,” says George Graham , a top real estate agent in the Seattle, Washington, area. An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds.

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As-is Purchase and sale agreement Investor Inspection 95

Marco Santarelli

AUGUST 21, 2020

Out of five counties, only two of them saw a year-over-year decline in sales. Sales in Miami-Dade & Broward counties declined by 6% and 0.7% The other three counties saw a significant year-over-year increase in sales—Palm Beach (+9.35%), Martin (42.6%), and St. to $385,000 while sales dropped by -11.6%. respectively.

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Marketing Investor Sales As-is 126

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?

Closing 105

Closing Purchase and sale agreement Title Home sale contingency 105

Marco Santarelli

OCTOBER 23, 2023

If you are looking for cheap homes for sale in California , you might be wondering if it is possible to find any properties under 50k. One of the easiest ways to find cheap homes for sale in California is to use online platforms that aggregate listings from various sources, such as Realtor , Redfin , Zillow , Point2 , or PropertyShark.

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Due diligence Banks Short sale Sales 52

HomeLight

AUGUST 24, 2022

Maybe your company is transferring you from Atlantic City to Las Vegas, and you don’t have time for a lengthy home sale process. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in New Jersey. Simple Sale (a HomeLight platform). No repairs, no staging, no open houses.

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Closing costs Purchase and sale agreement Closing Staging 97

HomeLight

MARCH 10, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. The bigger challenges Procopio sees on the horizon are affordability and slower sales. Procopio says the biggest mistake flippers make is not doing their due diligence.

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House Flipping Renovation Investor Finance 105

HomeLight

MAY 27, 2021

Step 9: Do your due diligence. In complicated transactions, such as buying a short sale or purchasing a home from an estate where several people own a share, an attorney might be a good investment. To prevent delays, respond as quickly as possible when the underwriter requests additional documents or information.

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Loans Mortgages Title FHA loan 98

The Close

DECEMBER 29, 2022

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Comparable sales (comps).

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Purchase and sale agreement Title Pre-approval Proof of funds 98