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Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes

HomeLight

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

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What’s behind the sharp decline in mortgage delinquencies?

Housing Wire

The economic and job market rebound, coupled with the successful exits from forbearance for many homeowners, contributed to these declines, and particularly for those in later stages of delinquency. MBA’s National Delinquency Survey (NDS) data for the second quarter of 2021 showed a sharp decline in the mortgage delinquency rate to 5.47%.

Mortgages 481
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How to Make Money as a Real Estate Agent: 9 Strategies to Earn More

The Close

Maybe the market is sluggish or sales are plateauing. This is especially true in markets where short-term vacation rentals are popular. But let’s say that your hustle isn’t quite getting you where you want to be. Or perhaps your schedule’s recently opened up and you have extra hours in the day to chase your dreams.

Agents 105
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A Quick Guide to Understanding Real Estate Designations

Windemere Selling

Real Estate Designations Accredited Staging Professional (ASP): By increasing a home’s appeal to a higher number of buyers, home staging is commonly considered one of the best ways to sell a property more swiftly and for more money. Here is a list of those designations and how they benefit real estate consumers.

Design 52
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Can You Sell a Home in Foreclosure? Why Time Is of the Essence

HomeLight

Whatever stage you’re in, it’s natural to feel paralyzed with disappointment, sadness, and a sense of panic when those overdue notices and warnings come from your mortgage company. However, as the Department of Housing and Urban Development (HUD) mentions in its guidelines to avoiding foreclosure : “Foreclosure doesn’t happen overnight.”

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3 Different Types of Real Estate Agents (And 7 Subtypes), Explained

HomeLight

Real estate agents are sometimes called subagents, real estate salespeople, or sales agents. In New York, sales agents are known as brokers. Being careless with language is never a wise idea, but it can cost you money and time, not to mention cause a headache, during your house hunt. Source: (Gorodenkoff / Shutterstock).

Agents 101
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Selling a House ‘As Is’ in North Carolina

HomeLight

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. “As is” is a type of home sale where it’s understood that no improvements will be made to the property. Looking to sell a house “as is” in North Carolina?

As-is 87