Remove Agents Remove Sales Remove Short sale Remove Title search
article thumbnail

How Long Does a Short Sale Take? What to Expect When You’re Buying Short

HomeLight

And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. Though short sales aren’t as prevalent today as they were following the Great Recession , they’re not impossible to find, and good deals for buyers can still be had. What exactly is a short sale?

article thumbnail

iBuyer vs. Real Estate Agent: How Do the Experiences Compare?

HomeLight

Whether you should use an iBuyer (instant buyer) vs. real estate agent to sell your home is a hot debate in some real estate circles. iBuyer vs. real estate agent summary. Top iBuyer companies include Opendoor, Offerpad, Redfin Now, and HomeLight (we offer iBuying services through our Simple Sale platform). Selling to an iBuyer.

Agents 93
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Short sale.

article thumbnail

17 Home Closing Delays and How You Can Avoid Them

HomeLight

There’s a house for sale that you want to buy. In the February 2020 Realtors Confidence Index survey by the National Association of Realtors, 77% of real estate agents responded that contracts closed on time, and 19% reported delays but eventually closed; 4% of contracts were terminated. Problems with the title. Easy, right?

Closing 110
article thumbnail

15 Homebuying Terms You Should Know When Searching for Your New Home

RIS Media

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.

article thumbnail

Buying a Home in Foreclosure: What to Expect from a Foreclosure Auction

Point2Homes

It’s also essential to run a title search on the property. Auction sales usually have the lien amount listed, and you can use it as a starting point for planning your budget. Auction sales usually have the lien amount listed, and you can use it as a starting point for planning your budget. Establish a Budget.

article thumbnail

iBuyer Real Estate Guide for 2022: What Is an iBuyer?

HomeLight

After some email back-and-forth, they get their final iBuyer offer: Offer details: 98% of what a real estate agent estimated they could earn, minus a 5% service fee, a $2,000 repair credit, and 1% in closing costs. . Must work with Keller Williams agent, see map coverage. What is an iBuyer? 45 metro areas throughout the U.S.

Title 84