Remove Construction Remove Design Remove Due diligence Remove Short sale
article thumbnail

Hit Them With Your Best Shot: How Much to Offer on a Short Sale

HomeLight

But what if it’s a different kind of sale … for example, how much should you offer on a short sale? Enter the short sale : a solution for the seller, and a special opportunity for a buyer. What’s a short sale? Short sales are unique because they require the approval of the seller’s lender.

article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Construction loan. A short-term loan that covers the cost to build a property until the owner can secure long-term financing. Due diligence period. What if your clients are asking about their due diligence period? Liens can come from unpaid mortgages, construction bills, even HOA fees. Short sale.

article thumbnail

Miami Real Estate Market & Investment Overview 2020

Marco Santarelli

Investors will want to pay attention to the Design District. percent of close sales were distressed sales. Yet total Miami distressed sales and short sales fell. The condo glut has already caused new listings of condos to fall, and new construction of them is at a standstill. in 2021.

Marketing 126