The Close

FEBRUARY 19, 2025

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? The simple answer is that a short sale is when a homeowner owes more for their home than its current market value and puts it up for sale. What Happens in a Real Estate Short Sale?

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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. I mean, it takes probably, at the minimum, three to four months to get a short sale through.”. But it takes literally months. Foreclosure.

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Inspection Banks Short sale Title 115

HomeLight

DECEMBER 29, 2021

If you seek assistance either locating, sizing up, or calculating renovation costs for a potential investment property, you need an investor-friendly Realtor with specialized knowledge of rehabbing and rental markets in your area. 9 qualities that make an agent ‘investor-friendly’. Connect with an Investor-Friendly Realtor Today.

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Realty Biz

JULY 19, 2022

Investors are looking at the current economic situation and anticipating that an even bigger spike in foreclosures is on the horizon. Many of these will be new investors that don’t have experience with the pre-foreclosures, short sales, and foreclosures, that occurred during the Great Recession. This becomes REO.

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Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. 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.

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HomeLight

FEBRUARY 26, 2021

You might not be aware of every flaw — that’s for the home inspection to notice — but once you are, you can’t hide them, and legally, neither can your agent. Buyers can still get an inspection to unearth problems. A home inspection is part of a buyer’s due diligence. But not every “as is” home sale falls into that category.

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Realty Biz

NOVEMBER 18, 2021

But don’t mistake a BPO for a home inspection. A professional home inspection is much more thorough about looking for damage and repairs needing to be made. One of the few times that a lender will use a BPO instead of requiring an appraisal is for a short sale. Bank-owned property sale of a foreclosed property.

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Short sale Inspection Loans Banks 110

HomeLight

MARCH 31, 2022

The buyer can still request repairs: Even if the home is listed “as is,” the buyer can still order an inspection after making an offer and request repairs to areas of concern that come up on the inspection. But many investors and house buying companies will. Investors and home flippers are usually looking for a deal.

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Realty Biz

JULY 25, 2022

These kinds of properties include condemned houses, hoarder homes, and short sales. If a property has been condemned, the local municipality probably won’t allow the owner or tenants to occupy until repairs have been made and an inspection completed. Short Sales Require Patience and Due Diligence.

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HomeLight

MAY 19, 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. Especially if there are safety concerns, you’ll be looking for an investor to buy the home rather than a buyer willing to pay top dollar.”. Sell directly to a cash buyer.

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HomeLight

SEPTEMBER 1, 2020

In a normal home sale, if the home inspection finds issues, you can negotiate with the seller. But with an REO sale, you generally won’t get an additional discount on the price or to ask for repairs. If you know someone who’s bought a foreclosure, short sale, or REO property, talk to them first.

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HomeLight

MAY 23, 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. Then they’ll try to sell that contract to another investor or buyer to make a profit.”. There’s a lot of really good things about having your house pre-inspected.

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HomeLight

MAY 23, 2022

A lot of times, sellers are trying to remove some future liability by listing their house ‘as is,’ but buyers do, of course, still have the opportunity to inspect it and ask for any repairs or a price reduction,” Rynders says. “So Consider a pre-listing inspection. Which types of homes are sold ‘as is’? Sell directly to a cash buyer.

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As-is Inspection Investor Closing costs 116

HomeLight

SEPTEMBER 30, 2021

Something to note here: Many of these preforeclosure homes are not listed for sale. However, investors and agents often see these preforeclosures as an opportunity. Make sure to get a good inspection, and know what you’re getting yourself into! You may not be able to do an inspection. Financing might not be an option.

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HomeLight

MARCH 18, 2022

By eliminating lender involvement, you open up sales to non-traditional buyers, such as house flippers , buy-and-hold investors , and iBuyers. After all, investors are buying the property for business reasons, so their profit margins are usually top-of-mind. Step 4: Coordinate on lien searches or inspections. Find Agent.

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HomeLight

JUNE 8, 2021

Myles Daniel , a real estate investor in Greenville, SC, spoke with HomeLight about the types of challenges or situations that can require a fast sale. Keep in mind, though, that a large item such as foundation cracks will raise red flags in an inspection, resulting in a price discount. Common reasons people need to sell fast.

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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. A seller also may sell a home as-is at full market value, even if the repairs are minor, if they’re underwater on their mortgage, or if it is a short sale.

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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.” Our guide aims to address the urgency of needing cash with the level of thought and care that a sale of this weight requires. says Andy Kolodgie , a real estate investor in Washington, D.C. Good bones.

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HomeLight

FEBRUARY 26, 2021

And in most cases, an investor or flipper who purchases the home will want to make those bigger renovations themselves, as they have the expertise and resources to tackle them faster and less expensively. Target a network of investors and house flippers who are seeking properties to renovate. Investors want a deal.

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Investor Inspection Renovation Sales 110

HomeLight

MAY 23, 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 need to ask direct questions and pay close attention to the results of a home inspection so that they can determine the condition of the property and its features.

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CT Homes

JUNE 4, 2024

Cons Short Sale Possibility: If the home’s value has decreased, selling might not cover the total mortgage amount, leading to a short sale. Credit Impact: While selling can prevent foreclosure, forbearance and a potential short sale may still impact your credit score.

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HomeLight

MAY 23, 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. “I 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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HomeLight

JANUARY 25, 2021

Kyle McCorkel , an investor who regularly buys, rehabs, and resells properties around Harrisburg, Pennsylvania, recently bought a 1,200-square-foot townhouse for $55,000 from two brothers who wanted to sell the home on behalf of their father, who has health issues and let it fall into disrepair. Your property suffered severe damage.

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Purchase and sale agreement Investor Inspection Due diligence 111

Realty Biz

MAY 8, 2023

Real estate investors today need to be as motivated as possible, which often means painstakingly searching for off-market deals with the services of real estate agents in Madison WI that you can use to find the perfect home at an off-market value. Sign up for email alerts for new properties that are not on the market for sale.

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Marketing MLS Inspection Investor 97

HomeLight

JULY 31, 2021

With the help of a local real estate agent and some seasoned San Antonio real estate investors, we created this guide to give you a head-start to finding a San Antonio cash buyer for your home. Affordable housing sparks investor activity in San Antonio. Affordable housing sparks investor activity in San Antonio. Hot climate.

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Investor Title Sales Due diligence 111

HomeLight

NOVEMBER 30, 2022

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for big bucks. It’s much harder for investors to find properties,” says Frey. Home inspection fees. What is house flipping? What’s contributing to the profit margin declines?

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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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HomeLight

JUNE 30, 2022

When an owner sells the property, that listing is closed and the new owner will need to recreate a listing,” explains Luke Smith, property investor and owner of We Buy Property in Kentucky. Market your Airbnb’s home value and income history to investors. Before selling your Airbnb, you’ll need to complete all bookings.

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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. Depending on their situation, whether they’re facing foreclosure, price becomes way more important to what we have to do for the short sale with the bank.

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As-is Inspection Finance Investor 111

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.”.

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HomeLight

APRIL 29, 2021

Today’s multi-family market is bustling with activity , saturated with aspiring and accomplished investors looking to purchase properties just like yours. I’m looking for opportunities to increase income and increase value,” says property investor Kyle McCorkel in Hummelstown, Pennsylvania. Source: (Derick McKinney / Unsplash).

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Investor Purchase and sale agreement Agents Commercial 111

HomeLight

MARCH 30, 2022

Whether you’re an investor looking for a speedy sale so you can move on to your next deal or a homeowner trying to unload a property quickly to avoid financial strain, you’re in search of real estate cash buyers to purchase your house without a lengthy or uncertain process. Keep it simple with HomeLight’s Simple Sale platform.

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Sales Investor Renovation Staging 111

HomeLight

JANUARY 4, 2022

It wasn’t long ago that the decision to sell your house for cash was associated with a neglected or foreclosed property whose value had plummeted, as an investor swooped in to snatch it up for a bargain. Buy-and-hold investors. Who’s paying cash for houses? Here are some of the most common sources of cash offers in 2022.

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HomeLight

AUGUST 24, 2022

In addition, 34% of Florida housing units are occupied by renters, so the state remains a hotspot for investor activity. Niakin says that most agents have a broad network of active investors. If you are looking to sell a deal to an investor, as long as your asking price is not ridiculous, you should not have an issue selling it.”.

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HomeLight

JANUARY 19, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Then I have investors I’m working with who even like houses that have been burned up inside because that creates a blank canvas for them.”

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HomeLight

SEPTEMBER 1, 2020

You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”. 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.

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HomeLight

NOVEMBER 10, 2021

Some iBuyers will perform an inspection and may reduce their offer price based on what they find out about the home’s condition. They also usually buy and resell homes at a higher volume than other types of real estate investors, so their goal is to flip more homes to make up for a lower profit margin per flip. Request a cash offer.

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