HomeLight

OCTOBER 11, 2024

A Top Agent Can Help You Find A House You Can Afford We analyze millions of home sales to find buyer’s agents who will show you the right home at the right price. Agents don’t pay us to be listed, so you get the best match. For-sale-by-owner listings: FSBO homes could also represent a potential bargain.

MLS

Redfin

AUGUST 6, 2025

In this Redfin article, find out how long it takes to buy a house based on the three most common scenarios – a cash offer, a mortgage, and a short sale. Find a trusted real estate agent A few days Make sure to find and interview a few agents when choosing a real estate agent for your home search.

Pre-approval

Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. Youll need to coordinate with your real estate agent in order to tour these properties. Preforeclosure can be tricky as sometimes the properties may never be for sale.

Pre-approval

Redfin

JULY 23, 2025

List the home with a real estate agent or FSBO. If you’re underwater on your mortgage (you owe more than your home is worth), you might consider a short sale. A short sale allows you to sell the home for less than you owe, with lender approval. Short sale requirements: You must prove financial hardship.

Pre-approval

Redfin

JULY 31, 2025

Step 1: Get your mortgage payoff statement Before you call a real estate agent, call your lender. If the number’s lower than expected, or if it dips into the red, you’ll need to decide whether to: hold off on selling, rent it out for now, or pursue a short sale, where the lender agrees to accept less than what you owe.

Mortgages

The Mortgage Report

JULY 11, 2025

I think in some cities, like Phoenix, we are starting to see a little bit of foreclosure or short sale happening. Yes, rates are high, but if you have the right agent or professional, they can help guide you. She's a DePaul alum, licensed real estate agent, and NAR member who traded Chicago winters for Phoenix sunshine.

FHA 203k rehab loan

Redfin

JULY 21, 2025

A local real estate agent can also help you find homes that meet your criteria. Real estate auctions are another way to find fixer-upper homes for sale. You can also look at foreclosures and short-sale properties as they’re often sold below market value.

Renovation

AAOA

JUNE 23, 2025

Work with a real estate agent you trust. Well-connected agents can alert you to off-market properties, navigate you through a bidding war, help you submit a winning offer, and negotiate counteroffers and concessions. Work with your agent and ask for a comparative market analysis.

Investor

Redfin

MARCH 4, 2025

You can also contact a real estate agent to discuss what your home is worth. Foreclosure can damage your credit score, so you may want to consider a short sale if this is the case. However, your lender will need to agree to a short sale so its best to speak with them as soon as you can.

Equity

Redfin

AUGUST 5, 2025

These homes include new construction and preexisting homes, manufactured homes, short sales, condos, townhouses and foreclosure homes. How to find USDA-approved homes for sale Now that you know more about what to look for, you can search listing sites with better filters in place.

Sales

Marco Santarelli

JUNE 23, 2025

Distressed Sales: Distressed sales (foreclosures and short sales) remained low, accounting for only 3% of total sales. Work with an experienced real estate agent: A good agent can guide you through the process and help you achieve your goals. Neither perhaps! So, what's my take on all of this?

Sales

Marco Santarelli

APRIL 27, 2025

It's just you, the seller, maybe agents, and the title company. ” Distressed sales (foreclosures and short sales) were still very low at 3% in March 2025. Work with a Savvy Agent: Find a real estate agent who understands the power of cash offers and how to best present them to sellers and their agents.

Finance

Redfin

JUNE 30, 2025

Consult a tax professional, attorney, or Redfin Real Estate Agent for advice specific to your situation. You should keep paperwork related to the sale of your house for several years after the sale — often at least seven — especially if the sale involved a large gain, home improvements, or any unusual circumstances.

Purchase and sale agreement

Housing Wire

FEBRUARY 5, 2025

While casting a wide net can sometimes be a helpful strategy, you set yourself up to compete with every agent vying for the same listings and buyer clients. While many agents aspire to become luxury agents, many overlooked real estate niches can boost your annual revenue if you master the intricacies of those types of transactions.

Commercial

AAOA

MAY 5, 2025

Short Sales: Short sales happen when a property is sold for less than the outstanding mortgage balance, typically with the lenders permission. Websites like theMultiple Listing Service (MLS)often list foreclosures, bank-owned properties, and short sales. Your county tax office is a good place to start.

Bankruptcy

BAM Media

NOVEMBER 22, 2024

This is great news for agents and creators. It sounds basic, but you can always tell when an agent is making a video because they think they have to, versus content they actually enjoy creating. Many agents jump into Instagram or YouTube with a ton of boosted posts to grow engagement and followers quickly.

Short sale

Inman

MARCH 11, 2024

With some areas seeing rising prices and low supply, Clever's Luke Babich writes, many would-be homeowners are looking into unconventional routes to homeownership, including short sales.

Short sale

HomeLight

SEPTEMBER 30, 2020

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. What’s a short sale ? Well, it depends.

Short sale

Housing Wire

MAY 20, 2022

A professional appraiser or real estate agent can help you figure out how much to list your home for. The real estate agent – The wrong real estate agent could slow down the selling process. Consider a Short Sale. You can’t make a short sale without getting bank approval first.

Short sale

Realty Biz

AUGUST 29, 2022

Many more homes have been sold since then and some have even gone through short sales. But what is a short sale exactly, and how is it any different than a regular sale, bankruptcy, or foreclosure? How does a short sale affect you as a homeowner? What You Need to Know About Short Sales.

Short sale

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?

Short sale

HomeLight

SEPTEMBER 6, 2022

Because, there’s a lot of uncertainty surrounding a short sale, a homeowner might reach out to the real estate agent who originally sold them their home. But that may not be the best choice because even if the whole experience was positive, you’re not going to get the same help that a short sales Realtor® can provide.

Short sale

Housing Wire

OCTOBER 17, 2023

In its first paragraph, the CFPB blog post encourages mortgage servicers to provide distressed homeowners with a nudge toward a pre-foreclosure sale. Servicers can remind homeowners that a traditional sale might be one option to avoid foreclosure. …

MLS

Housing Wire

NOVEMBER 3, 2023

With the seamless integration of the homegenius Platform, consumers can: Connect with experienced real estate agents. titlegenius by Radian, provided by Radian Settlement Services, allows homebuyers and sellers to easily manage their title transaction and closing online and receive real-time updates from their agent for a cohesive experience.

Closing costs

HomeLight

SEPTEMBER 30, 2020

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender. Short sales 101.

Short sale

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?

Short sale

HomeLight

AUGUST 16, 2021

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?

Short sale

HomeLight

JULY 31, 2020

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale.

Short sale

Housing Wire

DECEMBER 27, 2021

Some 15 years ago, real estate agents had only a few choices when deciding which real estate business model to choose. From virtual, capped models to low-fee and discount, agents can pick the company that best fits their needs. Now, there’s an explosion of teams and new models, including salaried agents and virtual capped models.

Brokerage

HomeLight

AUGUST 31, 2020

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

Short sale

Housing Wire

MARCH 17, 2021

” Pre-foreclosure sales are a promising alternative to foreclosures – here’s why. The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace. Presented by: Auction.com.

Title

HomeLight

OCTOBER 11, 2021

You’re on the hunt for a new home, and in addition to aligning yourself with an experienced agent , you’re also probably spending a lot of time perusing various real estate sites and researching available homes in your area. You see a house you love, but the listing shows that it is an “active pending short sale.”. Wait, what?

Short sale

Housing Wire

JUNE 3, 2024

During her 26 years at the firm, Lessinger has been an agent, a team leader and a broker-owner before ultimately being named president of RE/MAX in February 2024. Amy Lessinger BH: RE/MAX is still known today for having some of the most productive agents in the business. Do you feel like that is a draw for agents?

Branding

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

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. As overall home sales decline on a national level, signing listings is more difficult than ever for agents of all experience levels.

Purchase and sale agreement

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.

Short sale

Keeping Current Matters

SEPTEMBER 8, 2021

Short sale. We’ll be able to give you an estimate of what your house could sell for based on recent sales of similar homes in your area. If you find out that you have to pursue other options, your agent can help with that too. Loan modification. Deed-in-lieu of foreclosure. Understand Your Options: Sell Your House.

Equity