HomeLight

JULY 25, 2022

Deduct your outstanding mortgage balance and any costs of selling you incurred (such as real estate commission, closing costs, title fees, repairs, prep, and staging). Forgiven debt can include a short sale, foreclosure, deed in lieu of foreclosure, or loan modification. Expect to pay 9%-10% of the sale price.

Closing costs 111

Closing costs Equity Short sale Agents 111

HomeLight

JUNE 8, 2021

Keep in mind, though, that a large item such as foundation cracks will raise red flags in an inspection, resulting in a price discount. Usually it goes something like this : You skip the song-and-dance of staging your home to impress, and go straight to requesting a cash offer. Here are a few options to avoid: Short sales.

Short sale 111

Short sale Agents Sales Days on market 111

HomeLight

SEPTEMBER 30, 2021

Make sure to get a good inspection, and know what you’re getting yourself into! You may not be able to do an inspection. In some cases, it may not be possible to do an inspection on a foreclosure, or even to tour the home. I would avoid properties that don’t have an inspection or won’t allow an inspection,” Crotts says.

Banks 122

Banks Inspection Equity Investor 122

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.

As-is 111

As-is Sales Inspection Investor 111

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. You skip the process of staging and showing your home and go straight to requesting an offer. Step 4: Coordinate on lien searches or inspections. Find Agent.

Inspection 105

Inspection Investor Sales Agents 105

HomeLight

JANUARY 3, 2022

An agent assists in preparing a home to look its best through careful staging reminiscent of an eye-catching department store window display. However, there still are some contingencies to clear before they can close, such as the home inspection , the home appraisal , and the buyer’s lender approving their mortgage. That was it.

Agents 105

Agents Title Inspection Title search 105

HomeLight

MAY 19, 2022

Even in the case of an as-is sale, you are still required to provide a list of latent defects to prospective buyers. These are any problems the purchaser wouldn’t be able to discover for themselves during a visual inspection, as well as anything that would pose a health or safety hazard. Consider a pre-listing inspection.

As-is 119

As-is Inspection Investor Closing costs 119

HomeLight

DECEMBER 29, 2023

However, Minnesota does allow certain exceptions for sellers who haven’t lived in the home, such as having a qualified third-party inspector provide an inspection report or submitting the Minnesota Disclosure Alternatives form. But if it is a turnkey house where they’re just ready to go to the next chapter, they’re tired, etc.,

As-is 111

As-is Inspection Finance Investor 111

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. With Simple Sale , HomeLight provides an all-cash offer for homes in almost any condition. You can skip staging and repairs, and sell without agent commissions, or upfront selling costs.

Home sale contingency 118

Home sale contingency Closing Sales Short sale 118

HomeLight

MARCH 19, 2022

A top agent found through HomeLight will help you set a competitive price, prep and stage your home, market and advertise your home, spread the word to brokers, conduct open houses, and more. They do this by: Researching outlier comps to include or exclude (Foreclosures, short sales, etc.). Find Agent.

Closing 105

Closing Due diligence Staging Agents 105

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. There’s a lot of really good things about having your house pre-inspected. Consider a pre-listing inspection. Jesse Allen. Real Estate Agent. Jesse Allen. “So

As-is 118

As-is Purchase and sale agreement Inspection Closing costs 118

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. Possibility of reducing negotiations from the inspection.

As-is 116

As-is Inspection Investor Closing costs 116

HomeLight

JULY 25, 2022

Choose a short sale: If you’re behind on your mortgage payments or owe more than the home’s current value, you may want to think about a short sale as a way to avoid foreclosure. That can include a short sale, foreclosure, deed in lieu of foreclosure, or loan modification. Seller concessions (2%-6%).

Closing costs 110

Closing costs Short sale Equity Sales 110

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.

Banks 98

Banks Inspection contingency Inspection FHA loan 98

HomeLight

OCTOBER 27, 2021

At this stage, official notice of default has been issued and is publicly available. Step 9: Get an inspection. With a preforeclosure “you can definitely ask for an inspection,” Piwowarski says. Whereas with a foreclosure, you’re buying the courthouse steps and you don’t have the ability to inspect the property.”.

Purchase and sale agreement 110

Purchase and sale agreement Inspection Homeowner’s association Title 110

HomeLight

MAY 23, 2022

Considering 80% of Americans say they would prefer to buy a move-in-ready home, an “as is” sale likely has a reduced buyer pool from the start. Consider a pre-listing inspection. Schaus does warn that there can be a downside to these pre-inspections, as well. Possibility of reducing negotiations from the inspection.

As-is 112

As-is Purchase and sale agreement VA loan Inspection 112

HomeLight

APRIL 15, 2022

They share photos of the home, complete a digital walkthrough, and have the property exterior inspected. Simple Sale has a network of cash buyers on its platform, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. Inspections / repairs. Offer price.

Title 109

Title House Flipping Title search Sales 109

HomeLight

JULY 31, 2021

While price tends to take center stage, many other components of an offer should be considered before entering into a contract. Inspection period. Jackson says there’s a decent chance a cash buyer will still include an inspection contingency in the contract — especially if they are offering closer to market value.

Earnest money deposit 98

Earnest money deposit Inspection Inspection contingency Title 98

The Close

JUNE 15, 2022

Staging a house 65. For sale by owner 32. Home inspection checklist 52. Home inspection checklist for sellers 53. Home inspection checklist 73. Condos for sale 34. Home inspection checklist for buyers 54. What is the best way to prepare for an inspection? Townhomes for sale 36.

Closing costs 98

Closing costs Title Inspection Closing 98

HomeLight

AUGUST 10, 2022

No repairs, no staging, no open houses. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Atlanta. Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Phone number: (404) 590-0247.

Closing costs 97

Closing costs Purchase and sale agreement Closing Inspection 97

HomeLight

JANUARY 4, 2022

Skip repairs, staging, and showings. HomeLight’s nationwide Simple Sale platform provides cash offers for homes “as-is” in almost any condition. A cash buyer will generally not use a financing, appraisal, or home sale contingency , and many cash buyers will inspect the property for informational purposes only.

Investor 98

Investor Finance Inspection Sales 98

HomeLight

MARCH 30, 2022

According to January 2022 data reported by the National Association of Realtors®, more than one-fifth of terminated contracts were ended due to financing issues , while inspection concerns ended one quarter of terminated real estate deals. Save money on repairs and commission. Follow up with them later to make your pitch. Where’s the cash?

Sales 111

Sales Investor Renovation Due diligence 111

HomeLight

JANUARY 10, 2023

No repairs, no staging, no open houses. HomeLight’s Simple Sale platform provides all-cash offers for homes nationwide, including in Florida. Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Sale timeline. We know, we know.

Closing costs 98

Closing costs Purchase and sale agreement Closing Sales 98

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.

As-is 95

As-is Purchase and sale agreement Investor Inspection 95

HomeLight

FEBRUARY 28, 2022

No repairs, no staging, no open houses. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in California. Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Sale timeline.

Closing costs 97

Closing costs Closing Sales Staging 97

HomeLight

MARCH 21, 2022

Preliminary offer: At this stage, some house buying companies will provide a preliminary offer that is subject to change after a house assessment. Sundae provides sellers with their highest offers to review four business days after the home inspection and disclosure process. million depending on the market.

Closing costs 105

Closing costs Home sale contingency Investor Closing 105

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 flipper often won’t require an inspection or an appraisal because they can eyeball what the property’s issues are, he adds.

Purchase and sale agreement 111

Purchase and sale agreement Investor Inspection Due diligence 111

HomeLight

FEBRUARY 4, 2022

This happens in one of two ways : through the local court or sheriff’s office in a judicial foreclosure, or through the mortgage company in a power of sale or non-judicial foreclosure. If the home doesn’t sell at this stage, then the bank will take possession of it, and it becomes an REO home.

Agents 104

Agents Banks MLS Title 104

HomeLight

FEBRUARY 28, 2022

No repairs, no staging, no open houses. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Colorado. Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Sale timeline.

Closing costs 98

Closing costs Closing Sales Staging 98

HomeLight

AUGUST 24, 2022

There are plenty of reasons to have a real estate agent in your corner — visibility in the MLS , help with stagings and showings, assistance with negotiations and contracts, to name just a few — and now you can add sourcing a cash buyer to the list. Our network of experts shared some insider tips.

Purchase and sale agreement 111

Purchase and sale agreement Title search Proof of funds Title 111

HomeLight

AUGUST 24, 2022

No repairs, no staging, no open houses. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in New Jersey. Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Sale timeline.

Closing costs 97

Closing costs Purchase and sale agreement Closing Staging 97

HomeLight

FEBRUARY 17, 2022

No repairs, no staging, no open houses. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Texas. Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Sale timeline.

Closing costs 97

Closing costs Closing Sales Staging 97

HomeLight

DECEMBER 30, 2021

The only thing that stands between you and a sale is the appraisal. After being under the microscope at open houses and inspection, you may wonder: What’s the point of this final examination? Pre-listing appraisal: In the San Francisco Bay area, pre-sale appraisals and inspections are common. You’re ready to move on.

Loans 119

Loans Agents Inspection Closing 119

HomeLight

JUNE 30, 2022

The company will also inform you about what to expect from your photoshoot, how to prepare, and provide staging tips for each room. Sell to an investor for a competitive cash offer and a quick sale. When you want to sell your property fast, consider selling your short-term rental for cash.

Investor 105

Investor Sales Agents As-is 105

HomeLight

MAY 28, 2021

A listing agent will help home sellers with a variety of tasks, including setting the listing price, staging the home, marketing the home, advising repairs, and negotiating on their behalf. Perhaps a foreclosure or short sale? Subtype 2: Buyer’s agent. Subtype 6: Accredited agents. Are you interested in buying land?

Agents 105

Agents Brokerage Design Short sale 105

HomeLight

DECEMBER 14, 2021

Have you completed many foreclosure or short-sale transactions? Buyers who are looking for deals often focus on short sales or foreclosures. They may offer to waive an inspection or other contingencies to sweeten the deal. In competitive markets, it’s not enough to just put in an offer.

Agents 126

Agents Days on market Short sale Closing 126

HomeLight

AUGUST 25, 2020

Griffin coordinated another off-market sale for a client selling a relative’s house so the relative could move into assisted living. The family couldn’t deal with inspections and repairs at the time; they hoped to net about $118,000 for the relative’s living expenses. “We Facilitating the sale faster.

Marketing 78

Marketing MLS Pre-approval Sales 78