Toronto Realty Blog

JANUARY 27, 2023

Let’s say that your home in listed for sale and you receive an offer, but the offer has a condition. If you want to work with the buyer and their offer but you’re a little weary of tying the property up for so long, then you insert an escape clause that allows you to potentially get out of the agreement.

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Purchase and sale agreement Sales MLS Closing 98

Toronto Realty Blog

NOVEMBER 14, 2024

If a property sold for $2,000,000 but there was $100,000 worth of chattels included, then we would want the historical MLS to reflect this so we can continue to accurately evaluate properties via “comparable sales.” But then what about renovations ? Do you see where this is going? Do you see the implications?

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MLS Purchase and sale agreement Staging Agents 98

HomeLight

JANUARY 9, 2025

These companies make selling your home a simple process, letting you sell your property as-is and skip the cost and headaches of renovation. Sell Your House Fast in Winter Haven With a Cash Offer Get an all-cash, no-obligation offer through HomeLights Simple Sale platform whenever youre ready. No showings, no repairs, no open houses.

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Purchase and sale agreement Title Renovation Closing 52

HomeLight

AUGUST 16, 2021

And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. Though short sales aren’t as prevalent today as they were following the Great Recession , they’re not impossible to find, and good deals for buyers can still be had. What exactly is a short sale? It’s a long sale.

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Short sale Sales Purchase and sale agreement Banks 105

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

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Sales Purchase and sale agreement Inspection Due diligence 105

HomeLight

DECEMBER 23, 2021

If you need help determining the taxes on the sale of your second home, HomeLight always encourages you to reach out to a tax advisor regarding your particular situation. . Made a rash purchase. This is a tax on any profits from the sale of a property that you’ve owned for one year or less. Selling your second home?

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HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

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The Close

MARCH 13, 2025

Selling a house with tenants in place can add an extra layer of complexity to the sale of an investment property. For a smooth sale, you will want to do all you can to minimize the impact on the tenant while maximizing your profitability during the sale. Knowing the type of lease will help you determine your legal options.

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Investor Purchase and sale agreement Staging Sales 52

Marco Santarelli

NOVEMBER 23, 2024

Conducting due diligence is essential before committing to a purchase. Cons: Time-consuming: It can take time to accumulate enough profits to purchase another property. It involves buying a property, renovating it, renting it out, refinancing it to pull out equity, and repeating the process with the profits.

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Hard money loan Purchase and sale agreement Due diligence Renovation 52

HomeLight

JANUARY 12, 2022

You’ve accepted an offer on your house and both you and the buyer have signed the purchase contract. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Signing the purchase agreement: 1-3 days. So if you list your home on Jan.

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Closing Purchase and sale agreement Pre-approval Inspection 116

HomeLight

JULY 29, 2022

If you’re in this demographic and looking for a house in retirement, chances are your priorities have changed from when you purchased your first home. This is why purchasing a home in an area where property values are on the rise can be a smart and profitable move. Customization/renovation to meet needs later on.

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Purchase and sale agreement Renovation Equity Mortgages 104

HomeLight

MAY 15, 2024

We Buy Houses companies in Katy specialize in making all-cash offers for homes that often require some renovations. Are you looking to make a fast home sale because you are starting a new job, struggling with finances, or dealing with a frustrating divorce? Receive your offer in 24 hours and close in as few as 10 days.

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Purchase and sale agreement Renovation Closing Finance 111

Realty Biz

JANUARY 19, 2024

From three decades working as a Realtor, there are common denominators for first-time home buyers going through the purchase process with ease. This includes understanding the terminology, legal aspects, and financial considerations of purchasing a property. By following these steps, you can easily navigate the real estate market.

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HomeLight

FEBRUARY 14, 2022

These possibilities can be stipulated in the rent-to-own agreement — which is also sometimes referred to as lease-purchase, or a lease-option agreement. With a rent-to-own or a lease-purchase agreement, however, the tenant has already agreed to buy the home after a specified period.

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Purchase and sale agreement Due diligence Finance Equity 109

HomeLight

APRIL 29, 2024

However, the downside is that “We Buy Houses” companies tend to present offers that are below market value to factor in their renovation costs and profit margin. We’ll highlight some of the most credible companies serving the Triad area and share alternative methods for a quick home sale. No showings, no repairs, no open houses.

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Purchase and sale agreement Renovation Closing Sales 111

HomeLight

NOVEMBER 13, 2023

When the clock is ticking on your home sale in Baytown, We Buy Houses companies offer a compelling route with their all-cash offers, especially for properties that aren’t turnkey ready. We’ll explore the benefits and drawbacks, equipping you with the knowledge to decide if this is the right path for your home sale journey.

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Purchase and sale agreement Staging Renovation Closing 111

HomeLight

JUNE 13, 2022

You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought. Let’s dive right in! Why rent to own? for an FHA loan.

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Purchase and sale agreement Loans Inspection Closing costs 116

HomeLight

FEBRUARY 29, 2024

In Odenville, homeowners seeking a quick sale find a viable option in “We Buy Houses” companies. Opting for a cash transaction provides immediate relief for individuals facing time-sensitive situations or lacking the financial means for renovations, allowing them to expedite their transition to the next chapter of their lives.

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Purchase and sale agreement Renovation Closing Sales 111

Marco Santarelli

AUGUST 28, 2020

But with a 1031 exchange , you get to defer paying those taxes if you reinvest the proceeds in a new property, making an “exchange” rather than a sale. A simple definition of 1031 exchange properties is the property being sold and the property being purchased in accordance with Section 1031 of the tax code.

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Investor Purchase and sale agreement Title Land 137

GeekEstate

OCTOBER 29, 2021

This market map real estate technology companies operating across every phase of the home purchase value chain. For instance, while Blend’s original product focused specifically on the mortgage point-of-sale, the company has since expanded to offer title services, home insurance and closings.

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Technology Marketing Purchase and sale agreement Equity 136

HomeLight

APRIL 5, 2022

Then, ask the agent how many sales they’ve had in the year and what their references are. We Buy Houses for Cash companies purchase properties directly from homeowners. Fix-and-flip investor: This investor purchases low-cost properties and gives them a “facelift” through repairs and renovations. They then sell (i.e.,

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Purchase and sale agreement Investor Renovation Agents 104

The Close

FEBRUARY 19, 2025

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? The simple answer is that a short sale is when a homeowner owes more for their home than its current market value and puts it up for sale. What Happens in a Real Estate Short Sale? Lets begin!

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Short sale Sales Due diligence Purchase and sale agreement 52

HomeLight

SEPTEMBER 27, 2021

With a stellar offer in hand, you’re relieved to have the bulk of your home sale behind you. The lender won’t loan more than the property is worth, so if the appraisal comes in low, your buyer will need to make up the difference in cash or you’ll need to accept a lower purchase price. Conditions of sale.

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Purchase and sale agreement Inspection Residential Loans 141

HomeLight

AUGUST 24, 2022

Looking to connect with a Florida cash home buyer for a quick sale in the Sunshine State? HomeLight’s Simple Sale platform provides all-cash offers, giving clients a fast, stress-free home selling experience without having to worry about additional repairs or prep work and with no additional fees, commissions, or upfront costs.

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Purchase and sale agreement Title search Proof of funds Title 111

HomeLight

JANUARY 28, 2022

Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year. The average real estate agent commission rate nationwide is 5.8% Average home price.

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Agents Purchase and sale agreement Brokerage MLS 119

Realty Biz

JANUARY 10, 2023

The seller does not have to make any repairs before the sale, but certain disclosures are still made to the buyer. After the company has acquired the house, it will repair, renovate, and resell it to another buyer at a higher price. Step Three: Preparing The House For Sale. Quick Sale. Use Traditional Marketing.

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HomeLight

JUNE 19, 2023

Basically, a rent-to-own real estate purchase means that you can live in the house as a renter with the intent to close on the home at a date in the future. Lease purchase: This type of contract requires the buyer to purchase the property at the end of the contract term. Purchase price: The price you will pay to own the home.

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Purchase and sale agreement Debt-to-income ratio Due diligence Inspection 105

Toronto Realty Blog

JANUARY 16, 2025

This story brings us back to last summer when a client of mine purchased a small west-side home and, upon closing, the listing agent had some very interesting ideas about how to go about making up his financial loss on the property. Perhaps we should take a quick pause here just to get some simple math out of the way. This time, he accepted.

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Closing Purchase and sale agreement Brokerage Mortgages 59

The Close

AUGUST 6, 2024

As an agent and homeowner, I represented myself during the sale of my as-is property five years ago, and I’m going to help you be prepared to answer “How do I sell my house as-is?” The buyer ultimately assumes all risks and responsibilities for any issues that may arise post-purchase. ” for your clients.

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HomeLight

JANUARY 25, 2021

According to a survey over 2,000 adults from real estate brokerage Coldwell Banker, 80% of Americans say they would prefer to buy a turkey home over one that requires renovations. A traditional sale might be what you had in mind when you originally bought your home. Is the property damaged or are you facing a personal emergency?

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Purchase and sale agreement Investor Inspection Due diligence 111

HomeLight

JUNE 29, 2022

Before you post the “for sale” sign in your front yard, it’s important to prepare yourself for a critical part of the home-selling process : negotiating with buyers. Here are nine expert house negotiation tactics to help you on your way to a successful sale. Making enough money off the sale to fund the downpayment on a new home.

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HomeLight

AUGUST 17, 2023

If you’re a homeowner in Memphis facing an urgent need for a quick home sale, you may have come across signs or ads for Tennessee-based “We Buy Houses” companies. A cash sale enables you to quickly receive proceeds from your home sale without having to invest time, expertise, or money into repairs and upgrades.

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Purchase and sale agreement Inspection Closing Renovation 98

HomeLight

MARCH 3, 2025

The most common request I get for as-is sales, are situations where a house is in significant disrepair. Those are the two types of situations in which I typically see a request for an as-is sale, Connor adds. As is is a type of home sale in which its understood that no improvements will be made to the property.

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As-is Purchase and sale agreement Inspection Finance 52

HomeLight

FEBRUARY 27, 2023

But when it’s an estate sale, emotions can run even higher. He is the broker and owner of Proof Real Estate in San Francisco, California where he specializes in estate sales. On today’s episode, we’re gonna talk about Craig’s five-step formula for estate sale listing success.

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Sales Staging Purchase and sale agreement Inspection 81

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

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HomeLight

JANUARY 31, 2022

If you need assistance navigating the legalities of your sale, HomeLight always encourages you to reach out to your own advisor. works on many sales of rental properties. The most crucial factor is the type of rental agreement you entered into with your tenants. Options for handling tenants with a month-to-month agreement.

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Purchase and sale agreement Investor Sales Agents 98

Toronto Realty Blog

FEBRUARY 13, 2025

I don’t want to play favourites, but Michael and Cindy’s purchase was one of my favourite from 2024 because they secured such an incredible deal on the home. You know those houses that are listed for sale five times, by three agents, over fourteen months? They bought one of those. It was a great house! That was that.

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