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. You probably won’t be able to get an inspection of the inside of a property before bidding, as sales of foreclosure properties are often sold “as is.”

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Inspection Banks Short sale Title 115

HomeLight

SEPTEMBER 30, 2020

That, or you’ve heard horror stories about the seller who attracted a great offer only to get taken to the cleaners over the inspection. With the average buyer negotiating $14,000 in savings from the inspection , your concerns are valid. Under the inspection contingency, the buyer asks you to repair it (even though you listed as is).

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As-is Inspection contingency Inspection Agents 101

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.

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Earnest money deposit Inspection Inspection contingency Title 98

HomeLight

MARCH 31, 2022

FSBO sellers in Florida may want to consider getting a home inspection prior to listing their home for sale. Addressing any issues upfront helps buyers have peace of mind when making an offer and helps to prevent inspection-related closing delays. Get Estimate. Step 1: Address needed repairs and maintenance. Closing date.

Purchase and sale agreement 111

Purchase and sale agreement Inspection Title Inspection contingency 111

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. Get a pre-listing inspection. Get the price right.

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Closing Pre-approval Inspection Days on market 122

HomeLight

AUGUST 31, 2020

You will also have to expect a drawn-out process and condition issues, and you’ll have to button up your insurance and inspection processes. You can also be assured that the bank will have the house inspected before it’s available for sale, so you’ll at least know what condition it’s in before you buy it. It takes a while.”.

Banks 98

Banks Inspection Inspection contingency Title 98

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. There’s no financing contingency.

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Due diligence Inspection Pre-approval Pre-qualification 106

HomeLight

MAY 28, 2021

An example: Let’s say a property is listed as-is, and a home inspection finds a leaky roof and foundation issues. Another misconception is that a home inspection isn’t allowed. 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. Get a home inspection.

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As-is Inspection Title search Inspection contingency 100

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

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.

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Rent back Inspection contingency Earnest money deposit Finance 105

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. Buyers are still going to do their inspection, they’re going to do their own due diligence and they are going to be paying their inspector. Sell directly to a cash buyer.

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As-is Inspection Closing costs Investor 111

HomeLight

FEBRUARY 14, 2024

Unlike conventional sales that often involve mortgages and can be bogged down by lender-required inspections and appraisals, a cash sale moves quickly. 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.

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Inspection contingency Inspection Sales Property Management 85

HomeLight

JANUARY 3, 2023

FSBO sellers in Colorado may consider getting a home inspection prior to listing their home for sale. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Negotiate inspection items (if applicable). Closing date.

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Purchase and sale agreement Inspection Inspection contingency MLS 115

HomeLight

MARCH 31, 2022

FSBO sellers in Arizona may consider getting a home inspection prior to listing their home for sale. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Negotiate inspection items (if applicable). Closing date.

Purchase and sale agreement 110

Purchase and sale agreement Inspection Inspection contingency MLS 110

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. Hire a pro to conduct a pre-listing inspection. If you need to sell your house fast in Pompano Beach, the market is in your favor.

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Inspection Inspection contingency Agents Closing 96

HomeLight

DECEMBER 23, 2021

Whether you’re selling a mid-century ranch in an established neighborhood, a 1920s arts and crafts bungalow on a tree-lined avenue, or a brand new contemporary white box in a just-built subdivision, a home inspection may very well reveal code violations. It came to light during the home inspection.

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Inspection Title Renovation Inspection contingency 111

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 1, 2020

If your offer is accepted, you start the process of inspections, title checks, and negotiations while securing a mortgage loan and signing the papers when it’s all said and done. Make sure the offer includes any important contingencies, such as an inspection contingency. Step 9: Order an inspection.

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Banks Inspection contingency Inspection FHA loan 98

HomeLight

APRIL 28, 2023

Step 1: Address needed repairs and maintenance FSBO sellers in Texas may consider getting a home inspection prior to listing their home for sale. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them.

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Purchase and sale agreement Inspection Title Inspection contingency 102

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. That means there’s no home inspection or appraisal. Thats why a thorough home inspection is crucial.

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Pre-approval FHA loan Short sale Banks 34

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.

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As-is Inspection Finance Investor 110

HomeLight

JANUARY 10, 2023

FSBO sellers in California may consider getting a home inspection prior to listing their home for sale. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Step 1: Address needed repairs and maintenance. Closing date.

Purchase and sale agreement 111

Purchase and sale agreement Natural hazards disclosure Inspection Title 111

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

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

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. The buyer is spending money and possibly losing the deal.

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Inspection contingency Seller disclosure Due diligence Inspection 52

HomeLight

JANUARY 31, 2022

Dau says that prior to the pandemic, “we didn’t see it much at all before except for investors. To protect themselves, Ellis and her husband made sure the sale was contingent on a home inspection. Initially, “we found a property we liked, but the inspection revealed a lot of issues, so we backed out.

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Inspection Inspection contingency Agents Closing 101

HomeLight

FEBRUARY 28, 2022

Some sellers will even order their own inspection prior to putting their house on the market, especially if they know the house needs significant work. Decide on contingencies. Travis Steinemann, a property investor with BuyHousesBR , notes that buying first isn’t going to be good or viable for everyone. “If

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Equity Debt-to-income ratio Loans Closing 126

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

HomeLight

OCTOBER 12, 2020

” So then now I know in my offer I’m gonna show hints that like we’re sure, right, which might be higher earnest money, shorter inspection period, a really strong, you know, “We’ve seen it three times,” all of it. High price, short inspection period, quick close. I’m not asking for anything.

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Agents Inspection Inspection contingency Pre-approval 98

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. Inspections.

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. Inspections.

Earnest money deposit 52

Earnest money deposit Purchase and sale agreement Inspection Inspection contingency 52

HomeLight

MARCH 22, 2021

” So then now I know in my offer I’m gonna show hints that like we’re sure, right, which might be higher earnest money, shorter inspection period, a really strong, you know, “We’ve seen it three times,” all of it. High price, short inspection period, quick close. I’m not asking for anything.

Agents 75

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. Consider a pre-listing inspection.

As-is 111

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

HomeLight

OCTOBER 18, 2022

Discuss inspection contingency. Pre-listing inspection. Home inspection results contain the results of a home inspection. You will want to find the right balance of time and money investments for overall repairs, and fixes that might be needed to be ready for the home appraisal, home inspection, and showings.

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Purchase and sale agreement Inspection Closing costs Staging 110

HomeLight

MARCH 23, 2022

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. Letters like these can potentially impact which offer a seller chooses.

Pre-approval 105

Pre-approval Marketing Inspection Finance 105

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