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Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes

HomeLight

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?

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Price Reduction in Real Estate: A 5-step Guide for Agents

The Close

When it’s time for a price reduction, real estate agents must conduct market research and rely on the data. In contrast, a definite pro is that by making a price reduction, real estate agents will start to see increased activity on their listing and hopefully get it under contract quickly. Pricing real estate is an art and science.

Agents 77
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Need to sell your house fast? Here are 7 great options

Housing Wire

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.

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What do economic trends mean for housing in 2023?

Housing Wire

As broader economic events have taken center stage since last summer, the market has grown increasingly volatile. Back when prices were falling by as much as 50% or 60%, California was at nearly 18 months of housing supply as REOs and short-sales flooded the market. To register, go here. In March 2023, it was just 2.2

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Foreclosed Properties: How to Buy One and Whether You Should

Realty Biz

We talked to licensed real estate broker Christina Prostano , founder and principal agent of CP Global, who has been working the Manhattan and Brooklyn real estate markets in New York City since 2005. Finding properties in one of the stages of foreclosure is often as easy as looking through a simple Zillow search.

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How to Make Money as a Real Estate Agent: 9 Strategies to Earn More

The Close

We have some tried-and-true ways to make more money as a real estate agent so you can build a thriving business no matter what. Ideally, form a team that includes a real estate agent, an attorney, a contractor, and a banker. 3 Types of Real Estate Investing Every Agent Needs to Know. Get Guaranteed Quality Leads.

Agents 105
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How Do I Find an REO Buyer’s Agent Who Knows Bank-Owned Home Sales?

HomeLight

Not so fast: You need an REO buyer’s agent. Even experienced homebuyers who’ve already bought and sold a few homes will find the process much different, and they will also need an agent who specializes in REO sales. You need an agent who’s on top of the bank’s timeline. Why do you need an REO buyer’s agent?

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