HomeLight

MAY 24, 2022

If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. A cash sale: Start to finish. With a cash sale, you can skip a few steps in the typical closing process. Earnest money could be a flat amount or a percentage of the total sale price.

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Purchase and sale agreement Closing Title search Title 111

HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit.

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VA loan Purchase and sale agreement Short sale Pre-approval 95

HomeLight

OCTOBER 1, 2020

If the appraiser only looked at sold listings while there are pending sales that might be more comparable to your would-be property, that’s something else that can affect a home’s appraised value. Short sales in the neighborhood . In some cases, short sales may be to blame for a low appraisal.

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Purchase and sale agreement Short sale Rent back Sales 98

HomeLight

SEPTEMBER 1, 2022

Once you have the purchase agreement in hand, you might think there are no more obstacles in your way, but the home still has to appraise for the amount you agreed to pay for it. When you’re financing your home purchase with a mortgage, the lender wants to make sure the property you’re buying is worth what you’re paying for it.

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Purchase and sale agreement Earnest money deposit Short sale Loans 107

Realty Biz

SEPTEMBER 23, 2023

Buyer agents can provide valuable support in various situations, such as buying a new home or purchasing a foreclosure. You may likely be asked to sign a buyer's agency agreement. Maximum Real Estate Exposure is an insightful resource for explaining buyer agency agreements. What is a Buyer's Agent Agreement?

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Purchase and sale agreement Pre-approval Agents Pre-qualification 70

HomeLight

JANUARY 13, 2022

In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. So he knows all the twists and turns that can occur between an accepted offer and a closed sale.

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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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Purchase and sale agreement Title search Proof of funds Title 111

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Indiana. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure. Sell 'As Is' With a Cash Offer. Request Cash Offer.

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As-is Purchase and sale agreement Inspection Closing costs 118

HomeLight

JANUARY 31, 2022

If you need assistance navigating the legalities of your sale, HomeLight always encourages you to reach out to your own advisor. works on many sales of rental properties. The most crucial factor is the type of rental agreement you entered into with your tenants. Options for handling tenants with a month-to-month agreement.

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Purchase and sale agreement Investor Sales Agents 98

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. “As is” is a type of home sale where it’s understood that no improvements will be made to the property. Sell 'As Is' With a Cash Offer. Request Cash Offer. Disclosures.

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As-is Purchase and sale agreement VA loan Inspection 112

HomeLight

JULY 6, 2023

Financing contingency Sometimes called a mortgage contingency , this specifies that the deal hinges on the buyer securing their loan. Considering that 78% of recent buyers financed their home purchase, this contingency is fairly standard. An offer has been accepted, and the sale is expected to close.

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MLS Backup offer Inspection contingency Purchase and sale agreement 105

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

HomeLight

JUNE 24, 2022

If you live in a community property state and your home, classified as community property , was acquired during the marriage, the proceeds from the sale are typically split strictly and equally 50-50. Maybe the husband quit paying the mortgage and they’re behind, so short sales are a possibility,” says Williams.

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Purchase and sale agreement Equity Sales Agents 105

The Close

AUGUST 6, 2024

As an agent and homeowner, I represented myself during the sale of my as-is property five years ago, and I’m going to help you be prepared to answer “How do I sell my house as-is?” The buyer ultimately assumes all risks and responsibilities for any issues that may arise post-purchase. ” for your clients.

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As-is Agents Purchase and sale agreement Inspection 98

HomeLight

JANUARY 10, 2023

Whatever the case, you don’t have time or energy to give your tropical landscaping a fresh look or wait for snowbirds to secure their financing. HomeLight’s Simple Sale platform provides all-cash offers for homes nationwide, including in Florida. Simple Sale. That’s where Florida We Buy Houses companies come in.

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Closing costs Purchase and sale agreement Closing Sales 98

HomeLight

JANUARY 6, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. We Buy Houses companies in Orlando typically promise to give home sellers quick, convenient all-cash offers, and exceptionally speedy closings, often wrapping up the property sale in as few as seven days.

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Purchase and sale agreement Closing costs Closing Sales 97

HomeLight

JANUARY 19, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin.

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Purchase and sale agreement Closing costs Closing Sales 97

The Close

AUGUST 18, 2022

I believe my Luxury Home Marketing Program can generate more exposure and more excitement for your home than any other agent could achieve for you, leading to a top-dollar sale of your home. No hard sales pitches. It may mean a major difference in the results you get! This could be you: Talk is cheap, I know. It can be pretty annoying.

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Purchase and sale agreement Title Closing Short sale 98

HomeLight

DECEMBER 6, 2022

Perhaps you need a fast home sale to start a new job right away. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract.

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Purchase and sale agreement Closing costs Closing Sales 98

HomeLight

FEBRUARY 16, 2023

Maybe you’ve inherited property that’s not in the best shape, and a quick sale is the simplest way to settle the debts of an estate. Or perhaps other life circumstances such as an illness, divorce, or downsizing have left you in a bind, and a quick home sale would give you peace of mind, extra money, and a fresh start.

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Purchase and sale agreement Closing costs Closing Sales 98

HomeLight

AUGUST 10, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Atlanta. Simple Sale (a HomeLight platform). Simple Sale , a solution from HomeLight, is an online platform where sellers in Atlanta (and across the country) can request a cash offer for their home. Request Offer.

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Purchase and sale agreement Closing costs Closing Inspection 97

Marco Santarelli

AUGUST 16, 2024

Factor in all costs: The purchase price is just the tip of the iceberg. Secure Your Finances Determine your budget: Knowing your financial limitations is crucial. Explore financing options: Research mortgages, hard money loans, and private lending options. Check Our Inventory of Turnkey Rental Properties For Sale 2.2.

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Due diligence Purchase and sale agreement Renovation Title search 52

HomeLight

MAY 27, 2021

Step 1: Prepare your finances. Before you can get a mortgage, you have to have your finances in line. She also recommends finding a local lender in the area where you’re purchasing a home. Do this as soon as possible after the seller accepts your offer because the agreement probably limits how much time you have.

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Loans Mortgages Title FHA loan 98

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

NOVEMBER 9, 2021

You just heard about short sales, and they sound intriguing. But it would be a mistake to think you’re automatically getting a deal with a short sale. Short sales fall into the category of “distressed” sales. Here’s when it’s good to buy a short sale house. First: What’s a short sale?

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Short sale Sales Purchase and sale agreement Banks 113

HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property.

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Closing Purchase and sale agreement Title search Earnest money deposit 119

HomeLight

DECEMBER 1, 2021

We also connected with HomeLight Home Loans Mortgage Sales Leader Richie Helali, who offered an insider’s look at mortgage options that could help you hold on to your home — or let it go without falling into foreclosure. Here’s when you may want to reconsider — or at least carefully weigh the consequences of — a home sale.

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Purchase and sale agreement Short sale Loans Mortgages 111

HomeLight

OCTOBER 29, 2020

Because the stakes are high when it comes to property transactions, contingencies are written into the purchase agreement , and in most cases, action must be taken toward satisfying those contingencies within a certain time frame. In these cases, buyers make up the difference between the purchase price and the appraisal with cash.

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

HomeLight

OCTOBER 27, 2021

Whereas with a preforeclosure, you have the ability to finance that transaction and the benefit of seeing the property. In fact, the homeowner might even have a plan to catch up on the mortgage, and in the end, the home won’t end up in any kind of sale.). Typically, earnest money comes in between 1% and 3% of the purchase price.

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Purchase and sale agreement Inspection Homeowner’s association Title 110

HomeLight

OCTOBER 1, 2020

They sold the Norwalk, Ohio, home three years after purchase for $160,000 — even though they’d intended to stay long-term, a job opportunity in Costa Rica proved too much to resist. He knew the market and what the home could capture in terms of sales price once it had been fixed up. Moving on after divorce. They moved on.

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Purchase and sale agreement Earnest money deposit Banks Equity 78

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. Active contingent. Call option.

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

McKissock

JULY 21, 2021

When potential homebuyers come to you for help in finding a home, you’ll want to be certain that they’re qualified to make the purchase before you start working with them. Make it a point to know all of the financing options. Preapproval can involve considerable time and paperwork.

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Purchase and sale agreement Finance Mortgages Agents 52