Marco Santarelli

AUGUST 16, 2024

Cheap doesn't mean dilapidated: While properties requiring renovations can offer significant discounts, avoid equating “cheap” with uninhabitable. Consider closing costs, potential renovations, carrying costs like property taxes, insurance, and potential vacancies. Shop around for competitive interest rates and loan terms.

Due diligence 52

Due diligence Purchase and sale agreement Renovation Title search 52

HomeLight

AUGUST 16, 2021

If you’re using a mortgage to buy the property, never start bidding before you’re pre-approved,” warns Reynolds. This is why buying a home at auction can be risky, but for many investors and home renovation experts, the opportunity to buy a home at a great price makes it a worthwhile gamble. Buy title insurance.

Title 111

Title Due diligence Finance Inspection 111

HomeLight

AUGUST 31, 2021

Clear title: The cash buyer will require a title search to make sure that you can convey the property free and clear of any clouds or judgments against the property, such as mechanic’s liens, unpaid taxes, or boundary encroachments. Lower-maintenance sale.

Proof of funds 144

Proof of funds Investor Due diligence Title 144

Marco Santarelli

DECEMBER 20, 2020

In other cases, the investment property is the one in desperate need of repairs or renovations. Fix-and-rent is a hybrid of these two approaches, buying homes in need of repair, making the needed renovations and repairs, and then renting out your newly desirable rental property. This can help you avoid competition, bidding wars.

Sales 79

Sales MLS Renovation Investor 79

HomeLight

DECEMBER 7, 2021

Usually, it’s the buyer, but the seller may schedule a pre-inspection before listing the home. Generally, cosmetic issues, renovations or updates you want to do, landscaping, and repairs to outbuildings are considered unreasonable repair requests. This can introduce you to a broad network of pre-approved cash buyers and investors.

Inspection 105

Inspection Purchase and sale agreement Pre-approval Closing 105

HomeLight

MARCH 16, 2023

They sign the lease just a couple of weeks after the home is renovated and ready for occupancy. He routinely works with multiple crews of contractors so he completes renovations at a lower cost and with fewer headaches than most homeowners. He buys homes for cash, fixes them up, obtains refinancing, and then rents them out.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93

Realty Biz

AUGUST 2, 2023

Age and condition of your home: Factor in any necessary repairs or renovations that potential buyers may consider when determining value. Include details such as the number of bedrooms and bathrooms, square footage, and recent renovations. Escrow refers to the period between the accepted offer and the final transfer of ownership.

Purchase and sale agreement 93

Purchase and sale agreement Title Staging Inspection 93

Redfin

JUNE 14, 2023

Get pre-approved from a lender Getting pre-approved from a lender is equally important with several significant benefits. They help with various tasks, such as reviewing and drafting contracts, conducting title searches, facilitating the closing process, and ensuring compliance with state and local laws.

Pre-approval 59

Pre-approval Debt-to-income ratio Closing costs Title 59

HomeLight

OCTOBER 20, 2022

Pre-listing inspection, if desired or needed: $279 to $400. Before deciding to make any large repairs or attempt major renovation projects, it’s wise to consult with your real estate agent. In multiple-offer scenarios, Austin buyers might pay: Title insurance premiums estimated at around $2,200. Paint for interior spaces: $1.10

Seller concession 110

Seller concession Purchase and sale agreement Closing costs Inspection 110

HomeLight

NOVEMBER 7, 2022

Pre-listing inspection, if desired or needed: $279 to $400. Before deciding to make any large repairs or attempt major renovation projects, it’s wise to consult with your real estate agent. In multiple-offer scenarios, Houston buyers might pay: Title insurance premiums estimated at around $2,200. per square foot (plus material).

Seller concession 104

Seller concession Purchase and sale agreement Inspection Closing costs 104