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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction).

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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

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But right as you’re about to call your real estate agent, you notice there’s a line in there that labels it a foreclosure. But, on the flip side, they may also come with headaches, repairs, and challenges that may end up costing more than you hope. Pre-foreclosure. Can you still put in an offer?

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How to Sell a House from Out of State: Long-Distance Guide

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Selling a house is rarely easy — but it certainly helps if you’re physically nearby to coordinate repairs, approve paint colors, or pop by during your lunch break to check on things. A skilled real estate agent can guide you through how to sell a house from out of state, providing an elevated level of service.

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

The Close

Whether you’re a veteran agent or a rookie hoping to sound authoritative during your first transaction, you need to be able to succinctly explain common real estate terms and definitions to your clients. It might feel stressful, but handling contingencies well is actually a time when you, as the agent, can really shine.