Realty Biz

NOVEMBER 4, 2021

When you’re in the process of purchasing a new house, you might encounter some properties that you like that are not listed for sale. Due Diligence and Safety Are Vital. Even if it is about a vacant property or a house whose owner lost ownership, these situations need clarification; otherwise, the sale cannot occur.

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HomeLight

DECEMBER 23, 2021

Essentially, title and deed are both related to the important question of who truly owns a particular piece of real estate and has the rights to it. Let’s take a deeper look at what a house title is; the different types of deeds used in real estate; and related terms including chain of title, title search, title insurance, and title abstract.

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Realty Biz

JUNE 15, 2022

Performing due diligence is vital when purchasing a home. Discovered a property encroachment could hold up the sale. Do some due diligence to ensure something can’t be developed that could be detrimental. Is The Title Clear? Things to Find Out Before Purchasing Land. Land Encroachments.

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HomeLight

OCTOBER 30, 2020

And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. The title isn’t clear. However important title searches are, they can reveal issues that delay closing. Why do sellers love cash so much?

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Redfin

MARCH 4, 2025

In practice, some buyers and sellers may agree to an as-is sale, but still allow for a home inspection and the opportunity for the buyer to unilaterally terminate the contract for a specified period of time following inspections. This means that due diligence prior to entering into an as-is contract is an absolute must.

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The Close

FEBRUARY 19, 2025

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? The simple answer is that a short sale is when a homeowner owes more for their home than its current market value and puts it up for sale. What Happens in a Real Estate Short Sale? Lets begin!

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HomeLight

MARCH 13, 2023

Whatever your reason for needing a quick sale without making a substantial investment, the Orlando real estate market is teeming with cash buyers ready to make a deal no matter your home’s condition. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready.

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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.

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HomeLight

DECEMBER 31, 2020

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

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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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Realty Biz

JUNE 4, 2023

Faster and Safer Real Estate Due Diligence Whether it is a traditional real estate sale/purchase or inviting investors to finance a project, due diligence is a crucial part of the process. It includes different steps such as document verification, property inspections, title search, and time to get an appraisal.

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HomeLight

JANUARY 5, 2022

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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HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

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Point2Homes

DECEMBER 7, 2020

If a homeowner fails to keep up with their mortgage payments, the lender can begin foreclosure proceedings, and the sale of foreclosed homes can sometimes be a bargain to home buyers. As an example, below are some of the steps involved in the sale of a foreclosed home that you need to be aware of. How to Buy Foreclosed Homes.

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Redfin

JANUARY 28, 2025

Assumable mortgages represent a unique opportunity in the right circumstances but require careful due diligence. This is typically reflected in the sale price of the property. Conventional loans on the other hand typically include a due-on-sale clause , which prevents them from being assumable.

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Realty Biz

JUNE 20, 2023

However, it requires a sound strategy and due diligence to find the best deals. The lender does so by forcing the sale of the asset used as the collateral for the loan, typically a house. You want a property with a clean title, or at least an understanding of what you're taking on.

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HomeLight

JULY 25, 2023

All in all, with a cash offer from a house-buying company, you can often close the sale in as few as seven to 10 days. A cash sale also means you won’t need to stage your home or worry about keeping it spotless for weeks or disrupting your schedule for repeated showings. For sellers who need cash quickly, this is a huge advantage.

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HomeLight

AUGUST 31, 2021

A divorce, job move, or low bank account can all be strong motivators to go for the speed and convenience of a cash sale. But when your buyer doesn’t have to wait for the lender to underwrite or process their loan, you can usually coordinate a much faster sale. Why we recommend Simple Sale by HomeLight. Need a cash offer?

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HomeLight

MARCH 22, 2022

All in all, North Carolina is homebuyer-friendly compared to the national median of a single-family home sale at $353,600 in 2021. “I I have some clients currently searching in the $200,000 range, and that seems to be a pretty modest budget, depending on location. Ever heard of the due diligence fee in North Carolina?

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Realty Biz

SEPTEMBER 14, 2023

Attorneys assist in reviewing and negotiating sale agreements, clearing title issues, and preparing all necessary legal documents. Attorneys ensure that the loan documentation is executed correctly, review the terms and conditions of the mortgage, and confirm that the property's title is clear and suitable for collateral.

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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. You’ll be on the hook for the entirety of those repairs, and you can’t expect any financial help from the seller if you pursue the sale. Conduct a title search.

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HomeLight

SEPTEMBER 13, 2022

If the IRS decides to audit the transaction, then you’ll have documentation to prove your home’s fair market value at the time of the sale. AVMs use publicly available data and recent sales records to generate a value range based on the current market conditions. Any items in the home the buyer would like included in the sale (i.e.

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HomeLight

AUGUST 16, 2021

Department of Housing and Urban Development (HUD) homes for sale portal. Reserve auctions are similar to minimum-bid auctions in that there is a fixed price that must be met to finalize the sale, but a reserve price is kept under wraps, while a minimum bid is clearly stated. Source: (Willy Barton / ShutterStock).

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The Close

JANUARY 21, 2025

The wholesaler keeps all the net proceeds from the sale instead of just collecting a fee to facilitate the transaction. A title company conducts title searches to ensure that there are no liens on the property and that the owner is entitled to sell. Before the auction, you must complete due diligence (e.g.,

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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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HomeLight

FEBRUARY 14, 2022

Since one caveat of rent-to-own homes is that property values are likely to change during the term of the agreement — which could extend from one to five years — buyer and seller must determine a sales price that feels fair to both parties. It’s worth repeating: Do your due diligence ! Source: (ward aronciano / Unsplash).

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HomeLight

MAY 26, 2021

According to the National Association of Realtors®, only 22% of residential sales are cash sales, so it’s likely that you’re taking out a mortgage to finance your home purchase. This due diligence protects the lender in case you default and they need to recover their costs. Source: (Erik Mclean / Unsplash).

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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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Realty Biz

FEBRUARY 1, 2024

Before submitting an offer, excellent agents will provide a market analysis with detailed comparable sales data. Due Diligence and Research Buyer's agents are critical in guiding buyers through due diligence. This research includes past sales, liens, or legal disputes that may impact the transaction.

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HomeLight

JULY 26, 2022

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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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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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. Title and lien contingencies. Settlement contingency.

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Redfin

MARCH 3, 2022

To avoid a closing delay or, even worse, the sale falling through, it’s essential to be upfront and honest with your loan officer. The home appraisal is lower than the sale price. Clouds on the title. Before you can close the deal, you’ll need to make sure that the title is clear. How to remedy the situation.

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Realty Biz

OCTOBER 26, 2022

Go Online For a Search of Abandoned Properties Near Me. Search online databases that specialize in listing abandoned properties. You can also try a straight-up Google search for abandoned homes near me or abandoned houses for sale near me. It is a type of property that requires more due diligence than others.

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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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Realty Biz

SEPTEMBER 25, 2023

Risk mitigation: By conducting thorough due diligence, a real estate attorney can identify potential risks and help you make informed decisions, minimizing the chances of future legal complications. Contract assistance: They can review and draft contracts to protect your rights and interests and include all necessary clauses.

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HomeLight

MAY 27, 2021

Step 9: Do your due diligence. Title search. A title search is a process to confirm the current owner has a clear title to the property and is thus eligible to sell it. A specialist will comb through documents related to the property to make sure there are no issues with the title.

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