HomeLight

JULY 31, 2021

The main method is to request a cash offer from an investor or cash-buying company that will likely purchase your home “as is.” Your buyer could be an investor who plans to turn your home into a rental, an iBuyer (instant buyer) that provides quick offers online, or a house flipper who plans to remodel and resell the property for a profit.

Earnest money deposit 98

Earnest money deposit Inspection Inspection contingency Title 98

HomeLight

FEBRUARY 26, 2021

By saying your sale is “as is,” you’re not preventing a buyer from requesting an inspection , just signaling that no matter what the inspection finds, you don’t want to negotiate on price. Cash buyers or investors will be more receptive to the ‘as is’ label. How investors see “as is” differently. How to get a cash offer.

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As-is Sales Inspection Investor 111

HomeLight

JUNE 30, 2021

There are lots of other kinds of contingencies — inspection contingencies, appraisal contingencies — but the sales contingency can be especially tricky. In a hot market, sellers might be seeing offers without any contingencies, which makes a sales contingency a tough sell.

Rent back 105

Rent back Inspection contingency Earnest money deposit Finance 105

The Close

AUGUST 6, 2024

Substandard conditions: When your client’s home is unlivable, selling as-is to a real estate investor may be the best option. I agreed to sell “as is” at that price, reminding the buyers of their inspection contingency if they wished to back out if they didn’t like my as-is terms.

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As-is Agents Purchase and sale agreement Inspection 98

HomeLight

AUGUST 25, 2020

Using input from a top agent and some experienced real estate investors, we’ve put together this in-depth guide to help you understand the process, pinpoint the biggest time-wasters, and learn what actions you can take to get from listing to closing as quickly as possible. What factors impact the selling timeline? Get the price right.

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Closing Pre-approval Inspection Days on market 122

HomeLight

FEBRUARY 14, 2024

When you accept, the absence of mortgage approvals or inspection contingencies means you can close rapidly, letting you move forward with your plans without delay. In Raleigh, alongside HomeLight’s Simple Sale platform, various established house-buying companies and investor groups specialize in paying cash for homes.

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Inspection contingency Inspection Sales Property Management 85

HomeLight

AUGUST 31, 2020

And you should consider getting some specialty inspections to make extra sure you aren’t buying a money pit, especially with this kind of sale. Get an inspection contingency so you can get out of the deal if there are serious issues that the bank missed. An REO should be free of liens or other title issues. It takes a while.”.

Banks 98

Banks Inspection Inspection contingency Title 98

HomeLight

MARCH 31, 2022

And a booming rental market means that tourist locations and vacation-like amenities need to be priced right to attract investors. Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing. Investors have their eye on Florida cities. Closing date.

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Purchase and sale agreement Inspection Title Inspection contingency 111

HomeLight

MAY 17, 2022

But if you’re not an experienced investor who has a background in fixing up homes to flip or rent, buying a foreclosure might not be a strategy you want to tackle on your own immediately. Your agent will help you write up a bid or offer and advise you on contingencies to include. Can you buy a foreclosure home without an inspection?

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Inspection Banks Short sale Title 115

HomeLight

MARCH 13, 2023

We’ve gathered insights from top real estate agents and investors to create this guide navigating Orlando’s cash home buyer market so you can sell your property in as fast a timeframe as you require. But Orlando’s cooling real estate climate with interest rates that nearly doubled since last year has taken its toll on investor activity. “In

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Sales Investor Due diligence Renovation 98

HomeLight

JULY 31, 2022

If you want to exclude certain contingencies to make your offer more competitive, you can waive them, but it is not always a good idea. Common contingencies include: Inspection contingency. If issues arise during the home inspection that weren’t disclosed, it could be grounds for canceling the sale without a penalty.

Earnest money deposit 110

Earnest money deposit Agents Purchase and sale agreement Title 110

Hank Miller Team

DECEMBER 1, 2021

Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more. This was an active listing in a very popular area at a great first time buyer or investor price point.

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Inspection contingency Seller disclosure Due diligence Inspection 52

HomeLight

MARCH 31, 2022

Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing. Investors who want to capitalize on Arizona’s high rate of appreciation (particularly in the Phoenix area). Closing date. Closing dates can be subject to negotiation as well. Request Offer.

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Purchase and sale agreement Inspection Inspection contingency MLS 110

HomeLight

AUGUST 24, 2022

As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. You’re looking for an agent who doesn’t shy away from listings that need a little TLC and maybe has a strong network of investor connections. Sell directly to a cash buyer.

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As-is Inspection Closing costs Investor 111

HomeLight

MARCH 16, 2023

The Greater Houston area is expected to continue being a hot investor marketplace this year as its 7.2 Learn more: 7 of the Top We Buy Houses for Cash Companies in Houston However, first-time or fair-weather investors facing high interest rates and inflation have created some challenges in the Texas market.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93

HomeLight

JANUARY 3, 2023

Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing. If you’ve agreed to make repairs based on the inspection, you’ll probably need to provide receipts to prove that the repairs have been completed. Closing date. Who is buying homes in Colorado?

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Purchase and sale agreement Inspection Inspection contingency MLS 115

HomeLight

AUGUST 31, 2021

The lender usually also requires additional contingencies before they’ll approve the loan, such as an appraisal contingency to make sure the home is worth the amount they are loaning you to buy it, and an inspection contingency to see if there are any potential problems.

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Due diligence Inspection Pre-approval Pre-qualification 106

Redfin

MARCH 4, 2025

Investors may see foreclosure purchases as an opportunity to renovate and resell for a profit, while homebuyers may find a house they wouldnt otherwise be able to afford. If youre buying through a traditional foreclosure sale, an inspection contingency may give you the option to back out if major issues arise.

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Pre-approval FHA loan Short sale Banks 35

HomeLight

SEPTEMBER 1, 2020

Prices can be more difficult to negotiate on bank-owned properties for the reasons stated above, and also because any offers often have to be reviewed by several members of the bank, who all in turn have to answer to shareholders or investors. Make sure the offer includes any important contingencies, such as an inspection contingency.

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Banks Inspection contingency Inspection FHA loan 98

HomeLight

DECEMBER 29, 2023

As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. You’re looking for an agent who doesn’t shy away from listings that need a little TLC and maybe has a strong network of investor connections.

As-is 110

As-is Inspection Finance Loans 110

HomeLight

APRIL 29, 2021

Your buyer will use the home inspection report to leverage a deal. In most cases, the buyer includes a home inspection contingency in their offer that allows them to walk away from the deal with their earnest money intact if you don’t agree to complete or pay for repairs. You accepted an offer ! But not so fast.

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Purchase and sale agreement Pre-approval Inspection Inspection contingency 98

HomeLight

SEPTEMBER 29, 2021

“Investors have been pumping millions into the city,” shares Rachael Barach , a top real estate agent who works with 82% more single-family homes than the average agent in Pompano Beach. If you need to sell your house fast in Pompano Beach, the market is in your favor. Parks and beaches have been revamped.

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Inspection Inspection contingency Agents Closing 96

HomeLight

APRIL 28, 2023

Let’s review some of the top points of negotiation you may encounter: Contingencies Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing. Closing date Closing dates can be subject to negotiation as well.

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Purchase and sale agreement Inspection Title Inspection contingency 102

HomeLight

FEBRUARY 28, 2022

Travis Steinemann, a property investor with BuyHousesBR , notes that buying first isn’t going to be good or viable for everyone. “If Buyers are waiving appraisals, waiving inspections – in short, doing everything they can to make their offer competitive and alluring to sellers. “If

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Equity Debt-to-income ratio Loans Closing 126

HomeLight

JANUARY 31, 2022

Dau says that prior to the pandemic, “we didn’t see it much at all before except for investors. Contingencies are critical. Dau says that the main consideration for buyers is to “put as many contingencies in there as you can and still win the property. That includes your inspection contingency or appraisal contingency.

Inspection 101

Inspection Inspection contingency Agents Closing 101

Marco Santarelli

AUGUST 2, 2020

About 1 percent of Redfin customers waived either a financing or inspection contingency last month. So they should take advantage of scooping up their favorite deals which otherwise are taken away by seasoned investors in the bidding wars. The supply for housing outpaced the demand favoring home buyers and investors.

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Marketing Sales Pre-approval As-is 142

HomeLight

JUNE 17, 2022

As this example from Elmer Morales , a top-selling agent in southern California with 21 years of experience demonstrates: “I had an investor, he had bought the property and fixed it up. Typical contingencies include: Home sale contingency : The buyer will only purchase your home if and when their own home sells by a specified date.

Inspection 111

Inspection Pre-approval Inspection contingency Renovation 111

CT Homes

OCTOBER 30, 2020

Find and Qualify your Buyers Compare Contracts Offer Terms Inspection Contingency Earnest Money Deposit Closing Period Accept an offer and Open Escrow Monitor Transaction Deadlines Close Escrow. You could do a quick google search of highly rated investors in your area and reach out to start the process. We’re here to help!

Earnest money deposit 52

Earnest money deposit Purchase and sale agreement Inspection Inspection contingency 52

CT Homes

OCTOBER 30, 2020

Find and Qualify your Buyers Compare Contracts Offer Terms Inspection Contingency Earnest Money Deposit Closing Period Accept an offer and Open Escrow Monitor Transaction Deadlines Close Escrow. You could do a quick google search of highly rated investors in your area and reach out to start the process. We’re here to help!

Earnest money deposit 52

Earnest money deposit Purchase and sale agreement Inspection Inspection contingency 52

HomeLight

OCTOBER 12, 2020

Sometimes the seller fells a little bit more connected to that buyer than maybe an all cash investor. And so like a lot of times I’ll tell my clients unless they’re contractors or professional inspectors it’s not wise to waive the inspection contingency altogether.

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Agents Inspection Inspection contingency Pre-approval 98

HomeLight

MARCH 22, 2021

Sometimes the seller fells a little bit more connected to that buyer than maybe an all cash investor. And so like a lot of times I’ll tell my clients unless they’re contractors or professional inspectors it’s not wise to waive the inspection contingency altogether.

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Agents Inspection Inspection contingency Pre-approval 75

HomeLight

JUNE 29, 2021

We asked Latif to break down how to evaluate cash offers from both traditional homebuyers and direct buyers like investors. Cash offers do often come from investors, but they also come from first and second-time homebuyers.”. Investors and flippers. Investors and flippers. Home inspection contingency.

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Inspection contingency Proof of funds Inspection Pre-approval 83

HomeLight

AUGUST 12, 2022

As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. This is because many We Buy Houses companies are franchises and often use independent investors or local wholesaling outfits. Sell directly to a cash buyer.

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As-is Purchase and sale agreement Natural hazards disclosure Closing costs 111

HomeLight

MAY 28, 2021

An inspection can tell you upfront the exact issues with the house so you know what money you might have to spend down the line. It’s also wise to add an inspection contingency in your purchase contract , so if the inspection shows more repairs than you expected, you can walk away. Great for investors or cash buyers.

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As-is Inspection Title search Inspection contingency 100

HomeLight

JANUARY 10, 2023

Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing. Another option for selling a house without a real estate agent is to work with an investor or house buying company purchasing homes for cash in your area. Closing date.

Purchase and sale agreement 111

Purchase and sale agreement Natural hazards disclosure Inspection Title 111

HomeLight

DECEMBER 23, 2021

According to both Barker and Davis, the home inspection is when most code violations are discovered. Because many buyers include a home inspection contingency , they can walk away from a sale after discovering major code violations. HomeLight’s network of investors will buy houses in almost any condition.

Inspection 111

Inspection Title Renovation Inspection contingency 111

HomeLight

MARCH 23, 2022

If you must include contingencies, such as a loan contingency or appraisal contingency to secure a mortgage, try to include as few as possible. One contingency that can potentially be bypassed is the inspection contingency, if the buyer is willing to buy the home “as is” or if the seller has completed a pre-listing inspection.

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Pre-approval Marketing Inspection Finance 105