HomeLight

MARCH 6, 2023

He explains that owning a house is the most constructive and easiest way to build wealth, and even if you pay more now, you are still building equity, and will likely enjoy significant tax benefits. The benefit of owning a house far outweighs what might be considered a higher interest rate in the current market.”

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Earnest money deposit Closing Sales Title 110

HomeLight

JULY 31, 2021

Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In Inspection period. Jackson says there’s a decent chance a cash buyer will still include an inspection contingency in the contract — especially if they are offering closer to market value.

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Earnest money deposit Inspection Inspection contingency Title 98

HomeLight

MARCH 13, 2023

Airbnb owners get tired of paying management fees and dealing with customer complaints and negative ratings, but they have too little equity to sell the traditional way. Home-buying companies generally pick up closing costs including title search and title insurance that usually range from 1.5%

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Sales Investor Due diligence Renovation 98

Real Trends

DECEMBER 27, 2022

Home sale contingency. I’ve shared the situations that can trigger a home inspection contingency or appraisal contingency. You should also be aware of home sale contingency. With this contingency, the buyer’s home must be sold before they can close on their desired purchase.

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Sales Home sale contingency Pre-approval Inspection 62

Redfin

AUGUST 29, 2024

Homeownership is a long-term investment, and staying in one place allows you to build equity and stability. The underwriter will do a title search on the property to ensure the current owners actually own the property. What is a home inspection contingency? A home inspection contingency is submitted in your offer.

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Earnest money deposit Purchase and sale agreement Pre-approval Debt-to-income ratio 63

HomeLight

MARCH 16, 2023

You’ll get speed and convenience in exchange for some of the property’s equity,” says Naumann. Home-buying companies generally pick up the remainder of closing costs that total about 8% including title search and title insurance. Don’t expect to get top dollar if you sell your Houston home to a cash buyer.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93