Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing.

Marketing 535

Marketing Option period Lending Loan Officer 535

HomeLight

MARCH 7, 2024

Here’s a quick look at common factors prompting home buyers to back out of a purchase agreement: Financing issues: Buyers struggling to secure a mortgage or facing unfavorable loan terms may opt to cancel the purchase. What is an option period?

Purchase and sale agreement 116

Purchase and sale agreement Earnest money deposit Option period Inspection 116

HomeLight

MAY 24, 2022

But just how long does it take to close on a house with cash, compared to a traditional loan? The bulk of the time, however, is consumed by loan underwriting and processing. Secure title and escrow services: 1 day. Many companies combine title and escrow services under one roof, as their functions are closely interrelated.

Purchase and sale agreement 111

Purchase and sale agreement Closing Title search Title 111

The Close

JANUARY 16, 2025

If youre looking to buy a home but have financial concerns or hesitations about bank loans, choosing the rent-to-own path is a great option, as opposed to the traditional mortgage path. Lets dive in so you can decide if this option is right for you. These steps inform your decision on whether the property is worth investing in.

Purchase and sale agreement 98

Purchase and sale agreement Investor Finance Equity 98

HomeLight

JULY 31, 2021

Some, however, are ready to move immediately, in which case we are limited by the bandwidth of the title company to complete the title search process and get all the documents together.”. Both parties sign a contract and submit it to a title company. Process of selling to San Antonio cash buyers. That’s the ease of Simple Sale

Investor 111

Investor Title Sales Due diligence 111

HomeLight

MARCH 13, 2023

They may want to avoid the 6% interest rate of a loan by buying with cash. Flexible closing date: While closing typically takes place faster with a cash buyer than with a traditional loan-backed sale, Speed points out that sellers may need to wait a little longer before closing. No pre-qualifying for a loan.

Sales 95

Sales Investor House Flipping Pre-approval 95

HomeLight

MARCH 13, 2023

Joseph has encountered active military who recently purchased homes with a VA loan, but got orders to ship out only to find that their home hadn’t appreciated much in a short time. Home-buying companies generally pick up closing costs including title search and title insurance that usually range from 1.5%

Sales 98

Sales Investor Due diligence Renovation 98