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

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 Due diligence Inspection 105

HomeLight

JUNE 21, 2022

But you’ll still have to get over the home inspection hurdle that could reveal issues requiring repairs or cause buyers to renegotiate a lower sales price or even walk away from the deal. It’s critical to know what home inspectors look for because serious problems could derail the sale altogether. What is a home inspection?

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Inspection Purchase and sale agreement Pre-approval Inspection contingency 122

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

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

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

SEPTEMBER 27, 2021

With a stellar offer in hand, you’re relieved to have the bulk of your home sale behind you. The lender won’t loan more than the property is worth, so if the appraisal comes in low, your buyer will need to make up the difference in cash or you’ll need to accept a lower purchase price. Conditions of sale.

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Purchase and sale agreement Inspection Residential Loans 141

HomeLight

AUGUST 17, 2023

If you’re a homeowner in Memphis facing an urgent need for a quick home sale, you may have come across signs or ads for Tennessee-based “We Buy Houses” companies. A cash sale enables you to quickly receive proceeds from your home sale without having to invest time, expertise, or money into repairs and upgrades.

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Purchase and sale agreement Inspection Closing Renovation 98

Toronto Realty Blog

JANUARY 27, 2023

Let’s say that your home in listed for sale and you receive an offer, but the offer has a condition. If you want to work with the buyer and their offer but you’re a little weary of tying the property up for so long, then you insert an escape clause that allows you to potentially get out of the agreement.

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Purchase and sale agreement Sales MLS Closing 80

HomeLight

JUNE 19, 2023

Basically, a rent-to-own real estate purchase means that you can live in the house as a renter with the intent to close on the home at a date in the future. Lease purchase: This type of contract requires the buyer to purchase the property at the end of the contract term. Purchase price: The price you will pay to own the home.

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Purchase and sale agreement Debt-to-income ratio Due diligence Inspection 105

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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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

OCTOBER 25, 2024

If you’re a homeowner who doesn’t have the time or resources to tackle renovations, a cash sale can be an easy way to sell your property. Sell Your House Fast in Citrus Heights With a Cash Offer Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready.

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Purchase and sale agreement Inspection Renovation Closing 64

Broke Agent Media

FEBRUARY 21, 2023

Know what your client has a right to expect of you. #5—Legal issues involving buyer or seller obligations Sellers are supposed to be truthful in their answers to questions about the property—like the state of the plumbing, the condition of major appliances, and any renovation work that has increased or decreased their home’s value.

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Purchase and sale agreement Agents Inspection MLS 98

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

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

HomeLight

NOVEMBER 29, 2021

According to the National Association of Realtors® (NAR) 2020 Profile of Home Buyers and Sellers, 8% of homeowners opted to sell for sale by owner , or FSBO. It takes more than a for sale sign staked to your front lawn to sell a home without an experienced agent. Prepare your home for sale. Source: (Kelly Sikkema / Unsplash).

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Purchase and sale agreement MLS Inspection Agents 98

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. Once you’ve accepted an offer on your New York State home, you’ll have to deduct all of the expenses associated with the sale to arrive at your total proceeds.

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Purchase and sale agreement Inspection Investor Agents 105

HomeLight

JUNE 29, 2022

Before you post the “for sale” sign in your front yard, it’s important to prepare yourself for a critical part of the home-selling process : negotiating with buyers. Here are nine expert house negotiation tactics to help you on your way to a successful sale. Making enough money off the sale to fund the downpayment on a new home.

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Earnest money deposit Purchase and sale agreement Closing costs Closing 111

HomeLight

JANUARY 25, 2021

According to a survey over 2,000 adults from real estate brokerage Coldwell Banker, 80% of Americans say they would prefer to buy a turkey home over one that requires renovations. 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

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.

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As-is Agents Purchase and sale agreement Inspection 79

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. Fix-and-flip investor: This investor purchases low-cost properties and gives them a “facelift” through repairs and renovations. They then sell (i.e.,

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Purchase and sale agreement Investor Renovation Agents 104

HomeLight

JULY 31, 2020

Real estate purchases made entirely with cash are rumored to create big benefits for homebuyers. With the help of Brad Graves , a top real estate agent in San Antonio, Texas , and some recent national home purchase data, we’ll examine the pros and cons of all-cash offers. Image Source: (Shutterstock.com/Andy Dean Photography).

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Purchase and sale agreement Inspection contingency Proof of funds Finance 98

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

The Close

NOVEMBER 25, 2024

In this “How to Buy a Multifamily Property” guide, I’ll walk you through deciding which type of multifamily property you want to purchase, picking the right lender, and running the numbers to ensure profitability. Purchasing a multifamily property is an excellent way for investors to generate steady income.

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Purchase and sale agreement Property Management Hard money loan Investor 84

HomeLight

NOVEMBER 29, 2021

A down payment is money that a buyer will pay at closing, usually expressed as a percentage of the home’s total purchase price. The earnest money deposit is usually considered part of the down payment and is typically put in an escrow account by a third party, such as the title company, as soon as the purchase agreement is signed.

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Earnest money deposit FHA loan Purchase and sale agreement Inspection 110

HomeLight

AUGUST 24, 2022

Looking to connect with a Florida cash home buyer for a quick sale in the Sunshine State? HomeLight’s Simple Sale platform provides all-cash offers, giving clients a fast, stress-free home selling experience without having to worry about additional repairs or prep work and with no additional fees, commissions, or upfront costs.

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Purchase and sale agreement Title search Proof of funds Title 111

Realty Biz

DECEMBER 2, 2020

Real estate purchases and investments are major life accomplishments. Non-Disclosure Agreement (NDA) business concept. Non-Disclosure Agreement (NDA) business concept. Businessman draw scheme representing Nondisclosure Agreement. Property disclosure agreements protect homebuyers from these kinds of fraud.

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Purchase and sale agreement MLS Inspection Investor 76

Realty Biz

JANUARY 10, 2023

The seller does not have to make any repairs before the sale, but certain disclosures are still made to the buyer. After the company has acquired the house, it will repair, renovate, and resell it to another buyer at a higher price. Step Three: Preparing The House For Sale. Here's how to go about it: Clean The House.

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As-is Purchase and sale agreement Renovation Sales 93

HomeLight

FEBRUARY 4, 2022

If you haven’t purchased a home before, you probably have lots of questions about the process. Source: (LinkedIn Sales Solutions / Unsplash). Work with you to write a compelling purchase offer. Guide you through the steps of due diligence and inspections. An agent is your advocate. And lots more! Is the price right?

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Agents Purchase and sale agreement Due diligence Inspection 115

HomeLight

JULY 6, 2023

Here are 5 common contingencies in real estate contracts: Inspection contingency A buyer and their lender understandably want a home inspection to make sure they’re not investing in a lemon. Buyers also can use the findings of an inspection to negotiate for repairs or credits. What other MLS statuses do agents use?

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MLS Backup offer Inspection contingency Purchase and sale agreement 105

HomeLight

MAY 3, 2023

Depending on the price range of the home, I tell my clients that they need to be ready to spend 9%–10% of the sale price on selling costs, including the real estate agent commission and closing costs,” says Joanne McCoy , a top-selling real estate agent in Lincoln, Nebraska. Selling fee Typical % of sale price Real estate agent commission 5.8%

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Seller concession Purchase and sale agreement Inspection Title 111

HomeLight

JANUARY 28, 2022

Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year. The average real estate agent commission rate nationwide is 5.8% Average home price.

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Agents Purchase and sale agreement Brokerage MLS 119

HomeLight

SEPTEMBER 30, 2022

Their insight and experiences can help you avoid costly problems, prevent unpleasant surprises, and make a smarter purchase. It may be helpful and provide peace of mind to have someone in your corner whose primary obligation is to serve your needs, especially if you’ve never purchased a new construction home before.

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Construction Purchase and sale agreement New Construction Inspection 111

HomeLight

OCTOBER 20, 2022

End-of-year listings have historically garnered the highest sales prices in the Austin market. An experienced real estate agent can assist you with preparing your home for sale as well as provide expert guidance on the best time to list your home on the market. Prepping your home for sale. Pricing to sell for the most money.

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Seller concession Purchase and sale agreement Closing costs Inspection 110

Redfin

OCTOBER 23, 2023

As the real estate market in Oregon’s largest city continues to flourish, prospective homeowners need to understand the critical importance of home inspections in their buying journey. Why is a home inspection important in Portland, Oregon? Roof leaks, mold, and wood rot are common issues, detectable in a pre-purchase inspection.

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Inspection Pre-qualification Purchase and sale agreement Construction 51

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. Need a quick sale? Source: (Butterfly Moon / Unsplash).

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Purchase and sale agreement Investor Agents Sales 111