Redfin

AUGUST 29, 2024

Homeownership is a long-term investment, and staying in one place allows you to build equity and stability. Debt-to-income ratio (DTI) Another major factor that a lender will consider when approving your mortgage loan is your debt-to-income ratio (DTI). Long-term goals Do you plan to live in an area for at least five years?

Earnest money deposit 63

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

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. More certainty: With a pre-offer walk-through, a cash home buyer can generally provide a firm cash offer that comes with few contingencies, or no contingencies at all.

Sales 98

Sales Investor Due diligence Renovation 98

HomeLight

NOVEMBER 21, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot South Carolina real estate market and a steep rise in equity added extra incentive to maximize profits.

Purchase and sale agreement 102

Purchase and sale agreement MLS Pre-approval Agents 102

HomeLight

MARCH 16, 2023

You’ll get speed and convenience in exchange for some of the property’s equity,” says Naumann. More certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few contingencies, or no contingencies at all.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93

HomeLight

SEPTEMBER 16, 2021

Clear title. Title problems can delay your closing, and a title search will be necessary to close the sale regardless of whether your buyer is paying all-cash or needs a mortgage. Fast and guaranteed closing. Across the board, the main draws of a cash sale are speed and certainty. Flexibility. Lower price.

Title 105

Title Inspection Proof of funds Investor 105

HomeLight

NOVEMBER 15, 2024

Review any existing estate plans “So much with estates is about pre-planning on inherited property,” Hillman says. You’ll also need to know if the inherited North Carolina property has any supplemental liens or judgments, such as unpaid taxes, a home equity line of credit (HELOC), or a reverse mortgage.

Pre-approval 52

Pre-approval Title search Equity Title 52

HomeLight

AUGUST 31, 2021

The exact steps vary from state to state, but let’s take a general look : Pre-foreclosure: As the name implies, a pre-foreclosure isn’t in foreclosure yet, but it’s on the way there. Usually, a home goes into pre-foreclosure after several consecutive months of missed mortgage payments, and the lender issues a notice of default.

Pre-approval 111

Pre-approval Short sale Banks Finance 111

HomeLight

JANUARY 29, 2021

Run a title search to surface liens or judgments attached to the property, such as unpaid taxes, a home equity line of credit, or a reverse mortgage. Meyer , an attorney whose decade-long practice includes probate, real estate, and title. We’ll connect you with offers from our network of pre-approved cash buyers.

Pre-approval 111

Pre-approval Title Renovation Title search 111

Real Trends

DECEMBER 27, 2022

Before a mortgage is approved, lenders will have a property appraisal. On the buyer’s side, if a property’s appraised value is lower than the contract’s value, the mortgage may be declined; the mortgage may be approved if the buyer contributes cash up-front (to make up for the difference in value). Asynchronous appraisal.

Sales 62

Sales Home sale contingency Pre-approval Inspection 62

The Close

DECEMBER 29, 2022

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. Clear title. Home equity conversion mortgage.

Purchase and sale agreement 98

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