Housing Wire

AUGUST 10, 2023

That policy required a 30-day “first look” auction during which only qualified nonprofits, government entities and owner-occupant buyers could bid on foreclosed properties with loans insured by the Federal Housing Administration (FHA). I rented back to the previous owner, and they are still the tenant.

Renovation 370

Renovation Development Rent back Finance 370

Realty Biz

MAY 1, 2022

When trying to compete with cash offers, getting a bank letter at your maximum loan amount is helpful. Let The Seller Rent Back The House. Another tactic to sweeten your offer is to allow the seller to rent back their house from you. Get A Preapproval Letter For The Maximum Amount. Final Thoughts.

Purchase and sale agreement 145

Purchase and sale agreement Rent back Inspection Pre-approval 145

HomeLight

APRIL 19, 2021

Jean Chou , the principal attorney at JLC & Associates , advises her clients who buy in smaller buildings to schedule their own inspections as part of the homebuying process. Sellers appreciate cash offers because of their faster timelines, as there’s no need to wait for a mortgage loan.

Earnest money deposit 89

Earnest money deposit Inspection Due diligence Agents 89

HomeLight

MAY 24, 2022

Ask buyers to rent back if you need more time to find the right property or rent another home until you do. With rates hovering around 3% for the past two years, some borrowers cashed out equity and increased their loan balance as well as refinanced multiple times. Waiting to sell if you recently refinanced.

Pre-approval 98

Pre-approval Equity Agents Closing costs 98