HomeLight

JUNE 8, 2021

Even in today’s hot seller’s market where homes attract offers in as few as 16 days , it takes around 2-plus months to sell a house from list to close. And that doesn’t account for the weeks needed to clean, paint, and tidy up the property for its market debut. In a hot market, homes naturally sell fast.

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Short sale Agents Sales Days on market 111

HomeLight

AUGUST 31, 2021

The bank will then list the property on the market and try to sell the home in a similar fashion to your average property. Let’s take a look at the most common foreclosure sales and how they work. Short sale. A short sale isn’t necessarily a foreclosure sale, but it’s common to see a short sale done to avoid foreclosure.

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Pre-approval Short sale Banks Finance 99

HomeLight

AUGUST 16, 2021

Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. Since this segment of the market is moving really quickly right now, Christina is here to share the systems and scripts that she’s used to help sell more than 2000 distressed properties in her 20-year career. Auction.com.

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Marketing Short sale Bankruptcy Banks 75

HomeLight

SEPTEMBER 20, 2022

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales.

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Short sale Sales Pre-approval Equity 84

HomeLight

MARCH 23, 2023

She is passionate about giving her clients the benefit of both her inexperience — when she was a homeowner whose divorce led to the short sale of her home — and her current experience as a knowledgeable real estate professional. Who will pay for any buyer-requested or inspection-required repairs? Who has access to those assets?

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Short sale Sales Agents Inspection 86

HomeLight

OCTOBER 5, 2020

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. What’s a short sale?

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Short sale Sales Pre-approval Pre-qualification 77

HomeLight

SEPTEMBER 1, 2020

There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”.

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Banks Inspection contingency Inspection FHA loan 78

HomeLight

JULY 31, 2021

The Pittsburgh real estate market draws investors with its budget-friendly home prices, profitable gross flipping ROI, and 90-plus neighborhoods to find a great investment. Most recently, a nationwide home-buying surge has pushed values even higher — Howard Hanna shows a median sale price in Pittsburgh of $235,238, in 2021.

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Investor Inspection Sales Closing 111

HomeLight

JUNE 23, 2023

Connect with a top agent near you to get an expert opinion on how much your house will sell for, what to fix before listing, and the latest local housing market trends. At the same time, your listing agent will be handling the biggest asset or liability of an estate—depending on whether the property is loaded with equity or strapped by debt.

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Probate sale Agents Sales Closing 90

HomeLight

SEPTEMBER 30, 2021

If the amount received from the sale falls short of your outstanding mortgage balance and selling costs, you will have to cover the difference with funds other than those from the sale. Our Home Value Estimator pairs housing market data from multiple trusted sources with details about your house that you personally share.

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Mortgages Debt-to-income ratio Equity Closing costs 102

HomeLight

MARCH 30, 2021

You may have heard a little bit about short sales — enough to know that this type of real estate listing can present some opportunities to get a good deal. But while short sales offer potential opportunities , they come with plenty of potential pitfalls as well. Know if a short sale is the best option for you.

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Short sale Sales Pre-approval Closing costs 61

The Close

AUGUST 18, 2022

Dear [First name], Timing the real estate market to sell your home quickly and for the best price can sometimes be more art than science. The market doesn’t care when we want to sell or for how much, so many homes like yours end up unsold. This is why the system I use to sell homes doesn’t rely on timing the market. your name].

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Purchase and sale agreement Title Closing Short sale 98

HomeLight

OCTOBER 5, 2020

One important factor in how much a house will go for at a foreclosure auction is its appraised value — the professional estimate of its worth in the current market. Knowing the ins and outs of the market you’re hoping to buy in will help you estimate a potential auction price. A home equity loan or line of credit. Buyer beware!

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Due diligence Earnest money deposit Banks Inspection 54

Realty Biz

JULY 25, 2022

These kinds of properties include condemned houses, hoarder homes, and short sales. If a property has been condemned, the local municipality probably won’t allow the owner or tenants to occupy until repairs have been made and an inspection completed. Short Sales Require Patience and Due Diligence.

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Due diligence Short sale Sales Inspection 101

HomeLight

JULY 6, 2023

When your home first hits the market, your listing agent will note that it’s “Active,” as in ready and available for showings — but there’s a lot of ground to cover before your agent lists the status as “Closed,” when you have a done deal and you’re ready to hand over the keys. Selling your house soon?

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MLS Backup offer Inspection contingency Purchase and sale agreement 93

HomeLight

NOVEMBER 30, 2022

Home improvement shows have popularized the concept of “flipping” houses, bringing this segment of the real estate industry into the living rooms of everyday Americans, even inspiring some to take on the challenge of buying a home needing TLC, updating the home with old-fashioned sweat equity, and selling for a nice profit. Closing costs.

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HomeLight

JULY 25, 2022

You can sell a home whenever you want, but expect financial consequences if you have little equity in it. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. How Much Is Your Home Worth Now? Get Estimate.

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Closing costs Equity Short sale Sales 90

HomeLight

JULY 25, 2022

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Primary reasons for this include lack of equity accumulated in the home and insufficient appreciation – an increase in property value. Get Estimate.

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Closing costs Equity Short sale Agents 93

HomeLight

JANUARY 4, 2022

While that still happens in scenarios where a seller can’t afford repairs or is facing serious issues with a property, cash sales have expanded beyond the distressed homes market, as sellers benefit from new technologies, instant sale platforms , and a competitive housing environment that has increased the percentage of cash offers.

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HomeLight

JANUARY 19, 2023

To learn more about flipping houses in Georgia, we’re talking to Savannah-based real estate agent Jay Mills, a listings specialist with the Hupman Group , to get his perspective on what’s happening in his market. Let’s get into it! A Top Agent Can Be Your Georgia Real Estate Investment MVP Interested in flipping a house in Georgia?

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HomeLight

SEPTEMBER 30, 2021

The asset manager — in protecting their client’s interest — has a specific process they’re going to follow to ensure that they get fair-market value for the property when they do sell it,” Crotts shares. In a hot market, good deals are hard to come by. You can build equity fast. You may not be able to do an inspection.

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Banks Inspection Equity Investor 105

HomeLight

OCTOBER 1, 2020

Here’s how it works: The appraiser will find at least three nearby comparable homes ( “comps” ) that are about the same size and age as yours, which were sold recently (typically within the past three to six months), and the appraiser will then use regression models and their market knowledge to come up with the value of your coveted property.

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Purchase and sale agreement Short sale Rent back Sales 86

HomeLight

MAY 23, 2022

Median sales price in Wisconsin. Average days on market for Wisconsin. A lot of times, sellers are trying to remove some future liability by listing their house ‘as is,’ but buyers do, of course, still have the opportunity to inspect it and ask for any repairs or a price reduction,” Rynders says. “So 265,501 (April 2022).

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As-is Inspection Investor Closing costs 109

HomeLight

MARCH 21, 2022

While selling to a We Buy Houses company offers a number of conveniences, house-buying businesses typically pay less than market value for the homes they purchase, and sometimes significantly so. They are another legitimate option for selling your home in the markets where they make purchases. House flippers.

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Closing costs Home sale contingency Investor Closing 96

HomeLight

FEBRUARY 9, 2023

the California housing market is seeing a decline in prices, and that decline will likely continue in 2023. According to the 2023 Housing Market Forecast put out by the California Association of Realtors, California’s median home price is predicted to go down 8.8 You just have to adjust to the current market that there is,” he says.

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House Flipping Hard money loan Finance Investor 86

HomeLight

AUGUST 24, 2022

The destination’s great weather and tax-friendliness bring a steady stream of buyers to the market, and cash buyers help make sellers’ homes fly. This is another area where a top agent can help you tap into the out-of-state market. Going in, you should know that cash buyers tend to offer a lower price than buyers on the open market.

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Purchase and sale agreement Title search Proof of funds Title 106

HomeLight

JUNE 24, 2022

First and foremost, you need to know how the divorce home is valued , and how your equity in the home will be split. Your answer could impact how the equity split from your home is calculated. The market conditions aren’t ideal right now to sell. You bought the home recently and haven’t had much time to build up equity.

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Purchase and sale agreement Equity Sales Agents 105

HomeLight

OCTOBER 1, 2020

She was drawn to foreclosures because, “For me, having a house that has equity has always been important. Many homebuyers like buying and knowing that they have immediate equity, above and beyond the down payment, in the house. He knew the market and what the home could capture in terms of sales price once it had been fixed up.

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Purchase and sale agreement Banks Earnest money deposit Equity 55

HomeLight

MARCH 10, 2023

That is especially true in the New York market, where house flipping margins have gotten thinner as home prices and repair costs have escalated, and buyers have been shut out of the market by higher interest rates. Flipping takes a lot of money, know-how, manpower, and planning to be successful.

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House Flipping Renovation Investor Finance 89

HomeLight

APRIL 29, 2022

“Some people have a lot more time and energy to engage and make the best of the sale, and some people don’t,” says George Graham , a top real estate agent in the Seattle, Washington, area. An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds.

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As-is Purchase and sale agreement Investor Inspection 70

HomeLight

FEBRUARY 24, 2023

With steady population growth in Florida and a housing market that has calmed to a more reasonable level, opportunities are plenty. A cooling, less competitive Florida housing market means investors can find more opportunities to make a deal on the types of properties they need for a flip. Find a Buyer's Agent What is house flipping?

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House Flipping Renovation Investor Finance 94

HomeLight

JULY 31, 2021

Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In In addition, these properties allow for multiple exit strategies for investors, including flips, short- or long-term rentals, or wholesales.”. Step 2: Research your local cash buyer market. Good bones.

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Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

FEBRUARY 24, 2023

We also talked to Jeremy Larsen , a top-performing agent who specializes in investment properties in Fort Worth , to get some insider tips on the Texas real estate market. Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit.

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House Flipping Renovation Investor Finance 78

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met.

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Purchase and sale agreement Title Proof of funds Pre-approval 98

Dwell Real Estate

JULY 1, 2020

Hopefully, this information helps educate you on the local real estate market. Home comes with a desirable Class "A" Full Private Golf Equity Membership. Walk to the Theatre and or Opera house, Farmers market on Main or cross the street to Marina Jacks. Third bedroom has a custom desk built in and is being used as a den.

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