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Warning: Housing Bubbles Tend to Burst. Here’s How Agents Can Prepare

The Close

Builders were selling homes by lottery, and real estate agents were living large—and so was I. Like many others, I owned multiple properties and I was building custom homes on the side for big profits. As agents, we knew that 100%, no-document lending was wrong, but we didn’t know the consequences. I was fortunate.

Agents 97
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Government Websites, Real Estate Agents, A Drive around the Block, And More Ways to Find REO Homes in Your Area

HomeLight

Here’s a riddle for you: What do government websites, real estate agents, and a drive around the block have in common? Real estate owned, or REO, homes are a result of the foreclosure process , which varies from state to state. The bank will then work with a listing agent to list the home on the MLS.

Agents 78
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12 profitable real estate niches to explore now

Real Trends

It can be difficult to predict what’s next in real estate, but one of the best ways real estate agents can protect themselves from dramatic fluctuations in the market is to find a niche. Another possible niche is buyers who need creative financing, such as rent-to-own financing or owner financing.

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Buying Foreclosed Homes for Dummies in 11 Steps Even You (Yes, You!) Can Do

HomeLight

Real Estate Agent. Real Estate Agent at Compass RE Texas. Mary Stewart in Sugar Land , Texas, is in the top 1% of agents in her area for successfully selling homes. Stewart says that foreclosures may not take long to turn over if the mortgage company has already listed the property with an agent.

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Five Types of Forclosure and Tips for Purchasing Each Type

Realty Biz

To find homes in pre-foreclosure you can search sites that specialize in this or you can have an experienced local agent help you out. It is always good to have an experienced agent in your corner to help you navigate the paperwork terms. . These are referred to as REO or real estate owned. Short Sales .

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

HomeLight

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. We talked with veteran real estate agents with a combined 30-plus years working with foreclosures to bring you a comprehensive guide to the often confusing world of distressed properties.

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Flipping Houses in New York: 5 Cities to Consider

HomeLight

We tapped two top HomeLight agents to help you navigate the ins and outs of house flipping in the State of New York as well as provide some tips and tricks specific to New York properties. A Top Agent Can Be Your New York Real Estate Investment MVP Interested in flipping a house in New York?