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7 Things You Didn’t Know Real Estate Attorneys Do For Sellers

HomeLight

Statistics from the National Association of Realtors show that 30% of closings in October 2020 were delayed because of complications, including issues related to financing, appraisals, home inspections, titling, distressed property, or contract contingencies. Navigate short sale or foreclosure hurdles and complexities.

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How Long Does It Take to Close On a House With Cash in 2022? Here’s Your Timeline

HomeLight

If you’re buying a house with a standard mortgage, closing takes about 49 days , according to the June 2021 ICE Mortgage Technology Origination Insight Report. While this typically takes just a few days, if the home has been through a foreclosure or short sale, it could take longer. Setting the standard.

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7 of the Top iBuyer Companies That Want to Buy Your Home in 2022

HomeLight

Some iBuyers will perform an inspection and may reduce their offer price based on what they find out about the home’s condition. iBuyers leverage online appraisal technology to determine a home’s value and what they’re willing to pay. You can also skip repairs, though an iBuyer may reduce their offer price based on an inspection.

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iBuyer Real Estate Guide for 2022: What Is an iBuyer?

HomeLight

They share photos of the home, complete a digital walkthrough, and have the property exterior inspected. We also include information about HomeLight’s Simple Sale platform, an online home-selling program that provides competitive all-cash offers for homes across the country. Inspections / repairs. What is an iBuyer? Offer price.

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Buying a House Online? How to Get it Done in 15 Steps

HomeLight

It’s become more common over the last three years because the common use of technology in day-to-day life has changed so drastically.”. When it’s time for the inspection, they’ll reassure you that a damp basement is normal for the town, or tell you to get it checked out by a professional. Step 9: Order an inspection.

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iBuyer vs. Real Estate Agent: How Do the Experiences Compare?

HomeLight

An iBuyer uses technology to value the home, sometimes performs a walkthrough, and may adjust the price based on the cost of needed repairs. 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.

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Sell Your House for Cash: For Some, the Convenience Can’t Be Beat

HomeLight

While that still happens in scenarios where a seller can’t afford repairs or is facing serious issues with a property, cash sales have expanded beyond the distressed homes market, as sellers benefit from new technologies, instant sale platforms , and a competitive housing environment that has increased the percentage of cash offers.