CT Homes

MARCH 7, 2024

The Role of Equity Equity is the portion of your home that you truly “own” — the difference between your home’s market value and the outstanding balance of your mortgage. Until you’ve paid off the mortgage entirely, the lender holds an interest in your home.

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Purchase and sale agreement Mortgages Equity Short sale 78

Realty Biz

JULY 19, 2022

Many of these will be new investors that don’t have experience with the pre-foreclosures, short sales, and foreclosures, that occurred during the Great Recession. The REO sales process is much the same as any traditional sales process. The bank lists the property with a real estate agent. This becomes REO.

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Purchase and sale agreement Short sale Loans Inspection 102

HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. Check your equity to get started. As a military member selling a house, the options available to you depend on your equity , which is the percent of your home that you own outright.

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HomeLight

AUGUST 31, 2021

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. Short sale.

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Real Trends

OCTOBER 21, 2022

Are we on the all-new crazy train, destined to crash off the cliff in a pile of short sales and foreclosures? Are distressed sales headed to your market? The headlines say that the influx of active listings will drive prices down, reduce the velocity of sales and, consequently, wreck the market. Is the bubble bursting?

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HomeLight

OCTOBER 30, 2020

Don’t wait until your foreclosure is 30 days away from the sell date,” says Bethany Mendoza , top real estate agent in the Modesto, California area who’s helped clients navigate selling their home to avoid foreclosure. Take your next steps with a qualified agent. Subtract selling fees. It costs money to sell a house.

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Easy Agent Pro

OCTOBER 29, 2020

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.

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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. What is a short sale?

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HomeLight

JUNE 8, 2021

For one, you could list your house with a top real estate agent who knows how to get your house sold in a snap. Alternatively, you could request a full cash offer through a platform like Simple Sale , slashing your closing timeline to 10 days or the move-out date of your choosing. No agent, no open houses, no house tours.

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RIS Media

MARCH 25, 2021

When the housing bubble burst, roughly nine million families lost their homes to foreclosure or short sale between 2006 and 2014. According to the Federal Reserve, foreclosures during a time of high unemployment could depress prices, plunging homeowners across the country deeper into negative equity. in December 2019.

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HomeLight

MARCH 23, 2023

But no matter the timing, experts agree that it’s important to identify some essential cooperative actions that can lead to a successful sale. Dawn Bremer , a top agent in McHenry, Illinois, specializes in helping divorcing or divorced clients. Who’s responsible for choosing the real estate agent? Who has access to those assets?

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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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HomeLight

JUNE 16, 2023

The amount a buyer can save varies depending on the supply of foreclosures; when there aren’t many foreclosures, the discounts available at foreclosure sales aren’t as steep as they might be at another time. When housing prices are especially strong, homeowners typically have lots of equity in their homes. after six months.

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Hard money loan Equity Finance Loans 78

RIS Media

SEPTEMBER 21, 2020

Approved for short sale : A term that indicates that a bank has approved a homeowner for a reduced listing price on a home, and said home is ready for resale. Closing : A meeting during which ownership of a home is transferred from seller to buyer, usually attended by the buyer, the seller, both real estate agents and the lender.

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HomeLight

DECEMBER 29, 2020

HomeLight’s Q3 2020 survey reveals that 92% of surveyed real estate agents say they are experiencing a strong seller’s market, and they feel it’s going to stay that way for a while. Some houses are even entering bidding wars, according to 88% of agents who participated in our survey. Sellers have equity, and short sales are unlikely.

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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. The right agent will have relationships with vendors (e.g. Well, In probate sales, vendors may be paid at the closing of the sale , rather than upfront.

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Lighter Side of Real Estate

JANUARY 4, 2023

But if they are unwilling to help in any way, they may at least give you time to sell your house—or approve a short sale if necessary—rather than initiate the foreclosure process. Just because you’re unable to make your payments doesn’t mean you can’t or won’t make money on the sale of your house. Consider selling your house.

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Short sale Mortgages Equity Sales 70

HomeLight

SEPTEMBER 30, 2021

Most of my sellers have a mortgage,” echoes Rebecca Carter, a top real estate agent in Knoxville, Tennessee. Here are the quick points to know on how to sell a house with a mortgage: You’ll use the proceeds from the sale of your home to pay off your existing mortgage balance. Subtract) agent commission fees (an average 5.8%

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Mortgages Debt-to-income ratio Equity Closing costs 100

RIS Media

MARCH 23, 2022

resulted in repayment plans, short sales, deed-in-lieus or other reasons. The takeaway: Walsh claims multiple factors contributed to this positive trend including “the availability of variable loss mitigation options, low unemployment that is now below 4.0%, strong wage growth, and rising home equity.”. The remaining 1.2%

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HomeLight

DECEMBER 2, 2021

One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale? When you receive an offer, your agent will need to submit it to the lender for approval, which can be a lengthy process.

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Short sale Sales Loans Banks 82

HomeLight

AUGUST 16, 2021

If you are already a listener, come join us to mastermind with other listeners, connect with the guests that you hear on the show, learn from other agents and share your knowledge, get exclusive content, influence future episodes, and more. You can find the group here: HomeLight Agent Mastermind – The Walkthrough. FreddieMac.

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HomeLight

JUNE 30, 2021

Between favorable mortgage interest rates and a low inventory of available homes for sale, buyers were submitting purchase offers of thousands of dollars over asking price , and sellers (and their agents!) Today, with the help of housing market experts, including top New Bedford, Massachusetts-based real estate agent Byron Ford, Jr.

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Redfin

DECEMBER 7, 2020

American homeowners have gained $2 trillion dollars in home equity since the beginning of the pandemic alone, thanks to double-digit price growth driven by soaring homebuyer demand as the supply of homes for sale fell to historic lows. As a result, many Las Vegas homeowners are tapping their home equity and downsizing.

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Marketing Equity Investor Loans 79

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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The Close

AUGUST 18, 2022

Real estate prospecting letters—letters agents send to buyers, FSBO, FRBO and Expired listing homeowners—are still one of the best ways to generate leads in 2022. Homeowners who expected bidding wars will be slow to lower asking prices and will wait longer to relist their homes with a new agent. LUXVT’s , Upmarket Agent.

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Purchase and sale agreement Title Closing Short sale 98

The Residential Specialist

JUNE 30, 2021

For agents who have clients who are going through a divorce, special skills are necessary to ensure a smooth experience. Divorcing couples, who may be going through one of the most financially difficult and emotionally charged times in their lives, present unique challenges to their listing agents. “In By Cara Finnegan. No, they don’t.

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HomeLight

AUGUST 16, 2021

But the best, most personalized and local way is to connect with a real estate agent in your area who has helped other buyers looking for this type of property. Alternatively, Miller says, “If you’re planning to live in the home, you’ll need to determine the amount of equity you’ll want to have created from restoring it.”.

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HomeLight

DECEMBER 31, 2020

But selling too soon can be just as risky, causing you to forfeit sizable equity in a fast-appreciating property. Several agents asked if he was interested in selling, but he decided to rent it out. You’ve got a ton of equity to cash in on. That earned equity translates into more profit for sellers.

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Equity Investor Closing costs Property Management 76

HomeLight

SEPTEMBER 1, 2020

According to top Florida Real Estate agent Troy Walseth , who has 27 years experience under his belt, “You really can’t buy a ‘foreclosure.’ 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.”. Step 1: Find the right agent.

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HomeLight

AUGUST 31, 2020

The trend is very, very, significantly rising,” shares Taylor Cresswell , a top real estate agent who sells 86% more properties than the average agent in Tampa, Florida. HELOC: With a home equity line of credit , you borrow money from a lender using the equity in your house as collateral.

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HomeLight

JULY 31, 2021

Lisa Jackson is now seeing the most cash buyers in her 13 years as a Pittsburgh real estate agent. “In 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. No additional repairs, prep costs, agent commissions, or hidden fees.

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HomeLight

SEPTEMBER 21, 2020

Another option is to contact a title company and request that they run a title search on the property, or ask your real estate agent for guidance. Property taxes are one of the most basic items checked by any title agent,” says Herzberg. How does a lis pendens affect a potential sale? What’s the risk to the buyer?

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HomeLight

APRIL 29, 2021

To help us understand both buyer’s and seller’s markets, we spoke with top real estate agent Kim Rock. The 13-year industry veteran has a track record for selling homes fast — her listings close 65% quicker than the average Philadelphia agent. Only 36% of surveyed agents shared this sentiment. How much you’ll net for your home.

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HomeLight

SEPTEMBER 30, 2020

While these are all questions that your real estate agent and lending professionals can help you answer, sometimes seeing what different home purchases look like can be helpful, too — so you can hear how other people made their dream of homeownership finally happen. “If We had to do a short sale on our home and start from scratch.”.

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Inman

JANUARY 18, 2023

Listing expert Minna Reid says you need to ask these five questions before you list the home for sale. If you are considering taking on a foreclosure listing, you need to make sure it is the best solution for all involved parties.

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HomeLight

OCTOBER 30, 2023

“People need to understand to call first and ask for help instead of beg for forgiveness later,” shares top real estate agent Billy Alt , who sells 65% more single-family homes than the average Las Vegas agent. Stay in your house to build equity with a loan modification or forbearance. Arrange a short sale with your lender.

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Short sale Equity Loans Mortgages 113

HomeLight

OCTOBER 5, 2020

To help you calculate how much a foreclosed home might sell for at auction, we talked to expert real estate agents with years of experience in the field of foreclosures. A home equity loan or line of credit. Source: (bongkarn thanyakij / Pexels). How much do foreclosed homes sell for at auction? Appraised value.

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