Remove Days on market Remove Finance Remove Real-estate owned Remove Short sale
article thumbnail

Flipping Houses in New York: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Financing your flip in New York Purchasing a home to flip with cash is almost always going to be in your best interest — however, not all investors have that kind of funding.

article thumbnail

Philadelphia Real Estate Market & Investment Overview 2021

Marco Santarelli

It is also the first time that the supply of homes available for purchase has fallen below 3,000 housing units for sale. Day On Market. In a market that is considered “balanced,” the housing market predicts that the average days on market (DOM) for a home is 65 days.

Marketing 126
article thumbnail

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

The Close

A short-term loan that covers the cost to build a property until the owner can secure long-term financing. Real Estate Referral Fees: How They Work & Best Practices. Days on market (DOM). As a seller’s agent, you’re counting the days a listing is on the market. Construction loan.