What happens with mortgages if there’s a recession?
Real Estate News
DECEMBER 18, 2023
Even if the hoped-for economic “soft landing” isn’t so soft, don’t expect to see a wave of short sales and foreclosures next year.
How Long Does a Short Sale Take? What to Expect When You’re Buying Short
HomeLight
AUGUST 16, 2021
Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? It’s a long sale.
Short sale 
104
104 Join 134,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Hit Them With Your Best Shot: How Much to Offer on a Short Sale
HomeLight
OCTOBER 5, 2020
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.
Short sale 92
92 
Real estate tech roundup: Hubzu and Brookfield Residential
Housing Wire
NOVEMBER 3, 2020
Hubzu is an end-to-end asset management platform for residential foreclosure, short sale, REO, deed in lieu, CWCOT and retail property auctions. million bids and the sale of more than 225,000 homes. The app offers potential buyers tools to find, research and bid on homes via a competitive auction format. and Denver markets.
Residential 322
322 
The 2023 Housing Market: A Look Ahead
Housing Wire
DECEMBER 28, 2022
Short sales are unlikely to reemerge unless there is a serious deterioration in borrowers’ ability to pay their mortgages. . The “soft landing” in which unemployment stays below 5 percent while inflation corrects is now looking increasingly likely but a great deal of uncertainty remains. .
Marketing 491
491 
Think US home prices are high? At least we aren’t Canada
Housing Wire
MAY 9, 2022
Breaking that threshhold would mean we are in unhealthy home-price growth land. A lot of mortgage debt went away due to foreclosures and short sales, bringing home prices way down. Those loans with a small downpayment risk foreclosure or short sale if home prices fall quickly during a job loss recession.
Short sale 530
530 
Karen Copeland of First Team Real Estate Closes $5.3 Million Commercial Sale
First Team Real Estate
MARCH 15, 2021
Million, with both sides, the gross sale amounts to a total of $5.3 The 7-unit shopping center consisted of 2 buildings totaling 8,850 square feet on one acre of land adjacent to the I 15 Freeway offramp. Selling the center for the full list price of $2.65 The cap rate is 5.5% and the shopping center is fully leased.
Commercial 98
98 
November real estate news
Easy Agent Pro
OCTOBER 29, 2020
Sugar Land, TX. Overnight, real estate agents became “short sale experts” during a time when few even knew what the term meant. Brush up on the foreclosure and short sale process by taking the classes (it’s actually a one-day session you can do online” leading to NAR’s short sale and foreclosure designation.
Short sale 84
84 
How to Up Your Community Involvement
RIS Media
FEBRUARY 8, 2021
When the pandemic began, we looked for ways to bring some joy into people’s lives, and we landed on a few ways that seemed to help. Ryan is designated At Home With Diversity, a Certified Residential Specialist (CRS), an e-PRO®, a Military Relocation Professional (MRP), and a Short Sales and Foreclosure Resource (SFR).
Short sale 104
104 
Register: How to Stay Profitable Amid Shrinking Margins
RIS Media
APRIL 16, 2022
DeLisa Rose is a certified instructor with a mastery of multiple aspects of real estate including foreclosures, short sales, probate, divorce, investments, multi-family, commercial real estate, land developments, and luxury home sales. He joined RE/MAX in 1987 and has been a broker/owner since 2002.
Short sale 98
98 
Should I hire a real estate attorney to understand more about mortgage terms?
Realty Biz
AUGUST 9, 2023
Complex Transactions : If you're dealing with a particularly complicated property transaction, such as foreclosures, short sales, or if there are liens on the property, an attorney's expertise can be invaluable. An attorney can guide you through the local regulations and ensure everything is handled legally.
A Quick Guide to Understanding Real Estate Designations
Windemere Selling
NOVEMBER 8, 2021
Accredited Land Consultant ( ALC ): Land experts have expert knowledge and experience in land auctioning, leasing, development, farm management, land investment analysis, and tax deferment. They are specially trained to work with buyers through every step of the home-buyer process from mortgage to closing.
Design 52
52 
How to Make Money as a Real Estate Agent: 9 Strategies to Earn More
The Close
DECEMBER 19, 2022
These ads direct potential sellers to Market Leader’s landing page and potential buyers to your personally branded, IDX search-enabled site. When less housing exists than what is needed, smart real estate agents start focusing on vacant land. Are people moving to your town? Is there distress in your housing market?
Agents 105
105 
Price Reduction in Real Estate: A 5-step Guide for Agents
The Close
APRIL 30, 2024
Luxury listings have a smaller buyer pool, so they inherently have a longer sales timeline. Commercial real estate and raw land also can take longer to sell than residential real estate. Instead, educate them on real estate short sales and have them talk to their lender about the process. Would that help?
Agents 77
77 
WELL KNOWN TAUNTON FIRM BECOMES THE NEWEST CENTURY 21 AFFILIATED COMPANY IN SOUTHEASTERN MASSACHUSETTS
Realty Biz
NOVEMBER 15, 2023
The firm’s affiliated sales professionals have more than 100 years of combined experience in commercial properties, first-time homebuyer assistance, second homes, foreclosures, short sales and land sales.
Branding 74
74 
17 Home Closing Delays and How You Can Avoid Them
HomeLight
JULY 31, 2020
If the kick-out clause is activated, the current buyer has the option to remove the home sale contingency and move forward with closing. Short sale. A short sale is when a mortgage lender agrees to accept a lower payoff amount than the remaining balance owed on a home. How it can delay closing. Dodge move.
Closing 117
117 
4 Powerful and Dynamic Factors That Influence Real Estate Values
Realty Biz
FEBRUARY 5, 2024
I remember doing hundreds of short-sale transactions. Government Policies and Market Trends Zoning Laws: Zoning regulations determine land use and property types in specific areas and can significantly impact property values. An example of this can be seen in the aftermath of the housing bubble burst of 2008.
Investor 128
128 
Do I Need a Lawyer to Buy a House (And How Much Does That Cost)?
HomeLight
DECEMBER 30, 2021
A lawyer or title company can also check for any deed restrictions limiting the property’s use, in addition to any easements that might grant other parties the right to use part of your land. This could include a tenant who doesn’t want to leave, easement or title issues, or in short sale or foreclosure situations.
These Are the Cities With the Biggest Share of Homeowners in Danger of Foreclosure
Realtor.com
JULY 7, 2021
Any homeowner who isn’t able to sell their home or modify their loan is likely to face foreclosure or other financially challenging options, such as a short sale, the researchers warned. Houston-The Woodlands-Sugar Land, Texas. Percentage of loans in delinquency. Percentage of loans in serious delinquency.
FHA loan 72
72 
David Dweck Elected to Lead 2022 BROWARD-MIAMI Realtors
Realty Biz
FEBRUARY 5, 2022
His experience in his early career were listings of Residential in Florida and Vacation Land in Tennessee. He left the real estate field in 1995 to focus on completing his law enforcement career and after retiring he returned in 2007 as a Sales Associate and later Broker Associate.
Principal 79
79 
10 reasons why education is vital to a real estate agent’s production
Real Trends
JUNE 17, 2022
If you look over the courses offered at any given real estate school , you will find ones available that facilitate the understanding of short sales, risk management, business planning, trust funds and more. Helps you understand various aspects of the real estate industry. There is no end to the things you can learn.
Industrial 78
78 
These Are the Cities With the Biggest Share of Homeowners in Danger of Foreclosure
Realtor.com
JULY 7, 2021
Any homeowner who isn’t able to sell their home or modify their loan is likely to face foreclosure or other financially challenging options, such as a short sale, the researchers warned. Houston-The Woodlands-Sugar Land, Texas. Percentage of loans in delinquency. Percentage of loans in serious delinquency.
FHA loan 72
72 
Existing home sales fell in June while monthly median sales price spiked
Housing Wire
JULY 20, 2023
With positive inflation news and a strong labor market, the possibility that the Fed will be able to bring the economy in for a “soft landing” is improving. Meanwhile, individual investors or second-home buyers, who make up many cash sales, purchased 18% of homes in June, up from 15% in May and 16% the previous year.
Sales 369
369 
This Is How To Profitably Find Houses To Flip In 2023
Kyle Handy
JANUARY 20, 2023
To be even more creative, you could target those looking up information about a foreclosed home, what it takes to recover a foreclosed property, or how to navigate a short sale with a lender. You also need a good website and a remarkable landing page to take advantage of targeted advertising. ” they discovered you?
3 Different Types of Real Estate Agents (And 7 Subtypes), Explained
HomeLight
MAY 28, 2021
Are you interested in buying land? Perhaps a foreclosure or short sale? It’s still a gray area in some states but is generally better-received than dual agency. Subtype 6: Accredited agents. What about a house overseas?
Agents 104
104 
Pros and Cons: What Exactly Does a Buyer’s Agent Do, And Should I Hire One?
HomeLight
MAY 10, 2021
Landing on an offer price, writing your offer , and taking it to the seller’s agent. Advocating for your best interests in the sale, including on price and other contract negotiations. Identifying homes that fit these qualities, and taking you or directing you to see them.
Agents 104
104 
How Smart Investors Decipher & Respond to Real Estate Market Cycles
The Close
DECEMBER 27, 2022
Preforeclosure and short sales are more common. Builders are ramping up again, and low land costs allow them to price new homes competitively against the aging existing-home inventory. Appreciation has completely stopped and prices are beginning to fall. Even a few bank-owned homes are starting to show up in the MLS.
Investor 91
91 
6 Reasons Why You Should NOT Trust the Online Property Value of That House
HomeLight
OCTOBER 27, 2021
Distressed properties and other sales skew data. Short sales and foreclosures can also skew data. While an agent or appraiser would drop a distressed sale out of analysis of comps — particularly if the home was in poor condition — an online tool can’t make this determination.
Sales 96
96 
Is the Housing Market in a Bubble? How the Indicators Today Compare With the Great Recession
Realtor.com
DECEMBER 20, 2022
This time around, there isn’t a glut of available housing, the subprime loans that got so many homebuyers in trouble in the mid-2000s have largely been eliminated, and millions of Americans aren’t likely to lose their homes to short sales and foreclosures. “The real question is what’s going to happen.”.
Marketing 113
113 
Trying to Sell Your House in 7 Days?
HomeLight
MARCH 18, 2022
Selling your house for cash is a creative way to land a quick sale. By eliminating lender involvement, you open up sales to non-traditional buyers, such as house flippers , buy-and-hold investors , and iBuyers. Here’s an in-depth look at how you can sell your house in as few as 7 days. Source: (Kamran Abdullayev / Unsplash).
Inspection 104
104 
Five Ways To Find An Excellent Real Estate Agent
Realty Biz
JANUARY 7, 2021
When you board an airplane, do you walk up to the pilot and tell him how you want him to fly, what direction he should head, and how the landing should take place? He is a Licensed Real Estate Broker, Sellers Representative Specialist, Accredited Buyer Representative, & Short Sale and Foreclosure Resource Specialist.
Agents 95
95 
Seller’s vs. Buyer’s Market: A Seller’s Guide to Decoding Market Conditions
HomeLight
APRIL 29, 2021
But when new builds can’t keep up, whether due to labor and lumber limitations or land shortages , the result is the same: fewer homes for buyers to choose from. A flood of homes for sale gives homebuyers more options to choose from. Census, as of April 2021, the country’s population grows by one person every 40 seconds.
Marketing 109
109 
13 Legit We Buy Houses for Cash Companies in Texas That Sellers Love
HomeLight
FEBRUARY 17, 2022
Locations: Sugar Land, TX location serving the Houston metro area and beyond. As a Houston-based company that operates across Texas, they’re one of the strongest reviewed Cash-For-Homes locations in the Lone Star state. Houston Capital Homebuyers. Contact information: Website. Phone: (713) 581-9075.
Buying Foreclosed Homes for Dummies in 11 Steps Even You (Yes, You!) Can Do
HomeLight
MAY 17, 2022
A short sale is a type of preforeclosure; when a homeowner stops making payments on their mortgage and owes more on the home than the house is worth in the current market, then they will need to sell the house for less than they owe, and the lender will be “short” on the amount of money they accept in the sale (hence the name).
Inspection 113
113 
How to Find and Sell to a Cash Home Buyer in New Jersey
HomeLight
JULY 10, 2023
We Buy New Jersey Real Estate also looks for A market short-sales and land where they can build new homes. In an A market neighborhood, investors might look for a single-story ranch home and add a second floor to increase the value. B: This mid-range market includes houses in cookie-cutter neighborhoods with similar comps.
Investor 71
71 
Rethinking Class B Multifamily Supply Risk
A Student of the Real Estate Game
DECEMBER 8, 2020
Standardized Predevelopment Processes : Building design and adherence to local land use building codes are a significant driver of costs. As Federal Aid and forbearance relief runs out, I expect to see an uptick in foreclosures and short sales of assets that are ripe for multifamily conversions.
Construction 98
98 
12 profitable real estate niches to explore now
Real Trends
JANUARY 25, 2023
Situational Situational real estate transactions occur outside of “normal ” sales. These might include short sales, relocation sales or sales of an inherited home. In some cases, these transactions are sensitive and require a delicate touch and a deep understanding of real estate law and tax codes.
Selling a House ‘As Is’ in Wisconsin
HomeLight
MAY 23, 2022
Under the “Land Use” section of Wisconsin’s updated Real Estate Condition Report is the broad-reaching question: “Are you aware of flooding, standing water, drainage problems, or other water problems on or affecting the property?”. Recent improvements that could increase the property value. Pending special assessments.
As-is 113
113 
What Is Buying a Foreclosure Really Like? 5 Homeowners Spill the Tea
HomeLight
OCTOBER 1, 2020
It was on a dead-end cul-de-sac with three other houses,” Lauren explains, “with almost an acre of land, two outbuildings, and priced at only $75,000.” It took six months of bargaining with the bank — which she believes had over-priced the house by $60,000 because they’d compared it to non-distressed sales — to land it for $220,000.
Miami-Dade Total Home Sales Continue Surging in January 2021
Realty Biz
FEBRUARY 21, 2021
Monaco (16 square meters), Hong Kong (22), New York (31), Los Angeles (36) and others offer significantly less prime land for $1 million. Miami Distressed Sales Stay Low, Reflecting Healthy Market Only 1.8% In 2009, distressed sales comprised 70% of Miami sales. Short sales and REOs accounted for 0.7%
Sales 91
91 
Government Websites, Real Estate Agents, A Drive around the Block, And More Ways to Find REO Homes in Your Area
HomeLight
FEBRUARY 4, 2022
HUD also gives links to other places where you can find single-family homes for sale though other federal agencies, including the IRS , the Real Property Utilization & Disposal site of the U.S. Some of these sites also include multi-family housing, land, and commercial real estate. General Services Administration, and the USDA.
Agents 103
103 
Selling a House ‘As Is’ in North Carolina
HomeLight
MAY 23, 2022
Some of the additional required disclosures in North Carolina include: Any known violation of local zoning ordinances, restrictive covenants, or other land-use restrictions or building codes. Additional information.
As-is 110
110 
When Is the Best Time to Buy a House in Florida?
HomeLight
APRIL 11, 2023
“What’s interesting about Florida is you could have a 1900 craftsman-style home, and then you go a couple of houses down and there’ll be a brand new build that looks like a Florida cottage…coming here and seeing the uniqueness of the architecture and the lay of the land, I think it makes Florida very unique,” says Ekelund.
Agents 104
104 
Miami Real Estate Records Best August Sales Month in History
Realty Biz
SEPTEMBER 23, 2021
Monaco (15 square meters), Hong Kong (23), London (31), New York (34) and Geneva (35) and others offer significantly less prime land for $1 million. of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales, compared to 3% in August 2020.
Sales 104
104 
Let's personalize your content