HomeLight

JULY 31, 2020

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale. How do short sales work?

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HomeLight

JUNE 9, 2023

The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. ” Step one: Talk to a few buyer's agents!

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Home sale contingency Inspection contingency Purchase and sale agreement Inspection 145

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

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

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Sales Purchase and sale agreement Inspection Due diligence 105

Marco Santarelli

NOVEMBER 23, 2024

Conducting due diligence is essential before committing to a purchase. This includes reviewing property inspections, understanding the zoning regulations, and exploring the potential risks and rewards associated with each property. Cons: Time-consuming: It can take time to accumulate enough profits to purchase another property.

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Hard money loan Purchase and sale agreement Due diligence Renovation 52

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

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Sales Purchase and sale agreement Earnest money deposit Investor 93

HomeLight

AUGUST 16, 2021

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? Source: (Freedomz / ShutterStock).

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Short sale Sales Purchase and sale agreement Banks 105

HomeLight

JULY 30, 2021

We’ve researched the ins and outs of rent-to-own homes , as well as talking to experienced real estate agents about how a renter and landlord can enter into such an agreement, the pros and cons of doing so, and just what it means for you as a buyer if you decide to rent-to-own. Lease-option agreements. Lease-purchase agreements.

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Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Average home sale price in Florida: $530,419 (Jan 2022).

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Purchase and sale agreement Inspection Title Inspection contingency 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

FEBRUARY 14, 2022

These possibilities can be stipulated in the rent-to-own agreement — which is also sometimes referred to as lease-purchase, or a lease-option agreement. With a rent-to-own or a lease-purchase agreement, however, the tenant has already agreed to buy the home after a specified period.

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Purchase and sale agreement Due diligence Finance Equity 109

HomeLight

MARCH 3, 2025

The most common request I get for as-is sales, are situations where a house is in significant disrepair. Those are the two types of situations in which I typically see a request for an as-is sale, Connor adds. As is is a type of home sale in which its understood that no improvements will be made to the property.

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As-is Purchase and sale agreement Inspection Finance 52

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

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Purchase and sale agreement Inspection Inspection contingency MLS 115

HomeLight

JUNE 13, 2022

You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought. Let’s dive right in! Why rent to own? for an FHA loan.

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Purchase and sale agreement Loans Inspection Closing costs 116

HomeLight

DECEMBER 10, 2021

Just how much do you stand to lose if you list your home as an as-is sale ? Ryne Lambert , real estate investor and cash home buyer based in Wisconsin. When selling your house as is, the buyer purchases the home with the understanding that the seller chooses not to make any repairs or improvements. Your buyer.

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As-is Purchase and sale agreement Investor Closing costs 110

HomeLight

JANUARY 25, 2021

House flippers usually purchase houses for cash as-is, saving homeowners the expense of making repairs that lenders might require, along with the stress of showing and staging the home. A traditional sale might be what you had in mind when you originally bought your home. Is the property damaged or are you facing a personal emergency?

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Purchase and sale agreement Investor Inspection Due diligence 111

HomeLight

NOVEMBER 1, 2021

If you suspect this is the case and have evidence to back it up, you may be able to save the sale if you can convince the appraiser to reconsider. Approximately 9% of home appraisals come in below the sales price. The first step to saving the sale is to request a reconsideration of value (ROV). Reconsideration of value process.

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HomeLight

JULY 25, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Texas. 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. Skip repairs and close in as few as 10 days.

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As-is Purchase and sale agreement Inspection Investor 111

HomeLight

MARCH 31, 2022

price increase , pushing median sale prices to upward of $350,000. With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. Median sales price: $449,900 (Feb. Median sales price: $449,900 (Feb. 2022 , a 28.5%

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Purchase and sale agreement Inspection Inspection contingency MLS 110

Redfin

MARCH 4, 2025

Mold or mildew problems Presence of asbestos or other harmful materials As a result, agreeing to purchase a property as-is is a serious decision for any buyer. While technically not adhering to the legal definition of as-is, this is permissible as long as the parties are in agreement. What does as-is, where-is mean in a listing?

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As-is Due diligence Purchase and sale agreement Inspection 31

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

AUGUST 24, 2022

Looking to connect with a Florida cash home buyer for a quick sale in the Sunshine State? In addition, 34% of Florida housing units are occupied by renters, so the state remains a hotspot for investor activity. A cash offer can lead to a speedier and lower hassle sale. Request Offer. How to find cash buyers in Florida.

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Purchase and sale agreement Title search Proof of funds Title 111

HomeLight

JANUARY 10, 2023

With such impressive sales figures, some sellers may be curious about how to sell a house by owner in California — a decision that could help them save on agent commissions. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Fast Fasts for Selling a House in California.

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Purchase and sale agreement Natural hazards disclosure Inspection Title 111

HomeLight

OCTOBER 25, 2021

“In the right scenario, yes,” it may make sense to sell to your renter, says AJ Petterson with The Advisory Realty Group , a high performance real estate team in Minneapolis that also specializes in Townhome sales. As is advisable in any home sale, work with a top real estate agent to evaluate the strength of your renter’s offer.

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Purchase and sale agreement Title Closing Sales 111

The Close

AUGUST 6, 2024

As their agent, you must also know how to protect your clients through the as-is selling process and understand the nuances such as navigating inspections and disclosures. The buyer ultimately assumes all risks and responsibilities for any issues that may arise post-purchase. ” for your clients. for your seller clients.

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As-is Agents Purchase and sale agreement Inspection 98

HomeLight

JULY 12, 2022

If you are thinking about selling your home, those low-hassle, convenient, fast-sale pitches may pique your interest. You may be curious about getting an online quote for the sale of your home. These buyers will provide an online quote to purchase your home—often sight-unseen. Like you, they thought there had to be a catch.

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Purchase and sale agreement Investor Equity Sales 109

HomeLight

FEBRUARY 8, 2023

Instead, she says it’s best to price a home at the market value to attract more buyers, and then multiple bids could potentially drive up the ultimate sale price. Dennis Shirshikov , a strategist at Awning.com, a real estate company for investors, says sellers are better off pricing a home a little lower and attracting some extra bids.

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Purchase and sale agreement Inspection Investor Agents 105

The Close

AUGUST 9, 2022

If you want to work with investors, you need to know how to explain their complexities in plain English. The benefit of a 1031 exchange is that it defers the taxes that would normally be paid on the capital gains from the sale of a property. 9 Skills Agents Need to Work With Investors & Close 50-100 Deals a Year.

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Purchase and sale agreement Principal Investor Title 105

Realty Biz

JULY 19, 2022

This article might be premature because across most of the country home sales continue happening rapidly. Investors are looking at the current economic situation and anticipating that an even bigger spike in foreclosures is on the horizon. The REO sales process is much the same as any traditional sales process.

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Purchase and sale agreement Short sale Loans Inspection 101

HomeLight

DECEMBER 23, 2021

However, if your property is occupied, you need to be aware of a tenant’s rights when a house is for sale as they pertain to your area, as well as the specific terms of your lease agreement. How does the eviction moratorium affect a possible sale? Consider drafting a repayment agreement with your tenant.

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Purchase and sale agreement Sales As-is Investor 116

HomeLight

JANUARY 28, 2022

We buy houses” companies are flippers who purchase properties “as is” for cash and renovate them, generating a profit at resale. We buy houses” operations are cash buyers or house buying companies that purchase homes directly from homeowners. Buy-and-hold investors are individuals who offer competitive prices for market-ready homes.

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Purchase and sale agreement Investor Agents Sales 111

HomeLight

APRIL 28, 2023

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. That 6% is deducted from the seller’s proceeds at closing.

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Purchase and sale agreement Inspection Title Inspection contingency 102

Marco Santarelli

OCTOBER 5, 2024

If so, let me tell you: turnkey properties are a game changer for newbie real estate investors. Let’s explore why these properties are becoming a favorite among first-time investors and how they work. Investment Ease: Minimal hands-on effort for investors. You can simply purchase a property, find tenants, and collect rent.

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Investor Purchase and sale agreement Property Management Renovation 52

HomeLight

APRIL 5, 2022

Then, ask the agent how many sales they’ve had in the year and what their references are. We Buy Houses for Cash companies purchase properties directly from homeowners. The investor does not occupy the property themselves but makes money through renting the property, and by the property appreciating in value over time.

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Purchase and sale agreement Investor Renovation Agents 104

HomeLight

JULY 25, 2022

JoAnn and her business partner and husband, Thomas “Tom” Jacobs, have sold real estate in Tallahassee, Florida, for more than 24 years and have completed the sale of 100% of their listings. Sellers are interested in listing their home ‘as is’ because they want a sale with an easy transaction and a lot less hassle,” says Tom.

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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

AUGUST 12, 2022

On the flip side, some buyers in today’s seller’s market are trying so hard to compete that they submit an as-is offer indicating their willingness to purchase the property without expecting the seller to make changes. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition.

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As-is Purchase and sale agreement Inspection Investor 111