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15 Homebuying Terms You Should Know When Searching for Your New Home

RIS Media

If you’re searching for your first new home, you will likely hear many words that you’ve never heard before. The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying.

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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

However, as those forbearances end toward the later part of 2021, foreclosures will likely become more readily available and may even hit the market in droves, says Florida real estate agent Christina Griffin , who has 20 years of experience in the industry. Let’s take a look at the most common foreclosure sales and how they work.

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Should You Buy a House During a Recession?

Rent, Buy & Sell

Foreclosures and short sales may be enticing due to low offer prices, but they carry some risks and potentially higher costs. The housing industry plays an important role in the economy. So, by lowering mortgage rates during a recession, the federal government hopes to buoy home sales by making it cheaper to borrow mortgages.

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How to Connect with Cash Home Buyers in San Antonio

HomeLight

The San Antonio real estate market draws investors with its consistent housing stock, variety of industries, and steady influx of residents. Some, however, are ready to move immediately, in which case we are limited by the bandwidth of the title company to complete the title search process and get all the documents together.”.

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How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly. The title company will complete a title search to make sure the home doesn’t have any outstanding claims. Motivated sellers.

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How To Find Investment Properties For Sale?

Marco Santarelli

Better yet, they’re the ones who can give you lists of homes available for short-sale. However, we’d recommend getting a conventional mortgage to pay off their loan unless you’re going to sell the property in short order. We do not recommend using tax liens as a way to get investment properties for sale.

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6 of the Top We Buy Houses for Cash Companies in Orlando

HomeLight

They provide a cash offer within 48 hours of evaluating the property and work with issues such as probate, foreclosures, short sales, tenant-occupied homes, or homes that need extensive repairs. A company may be untrustworthy: As with any industry, there’s a risk of falling in with a less trustworthy company. Title search.