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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?

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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. The main trade-off is that the offer could be less than what you’d get listing the home with an agent, and you’ll pay a fee for the iBuyer’s services.

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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. Short sale.

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17 Home Closing Delays and How You Can Avoid Them

HomeLight

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. Short sale. How it can delay closing. Dodge move.

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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.

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

Point2Homes

The easiest way to assess the property’s condition is to visit and take a look at the exterior , searching for any signs of damage, squatting, etc. It’s also essential to run a title search on the property. If this is your first time, talking to a lawyer and collaborating with a real estate agent can be of immense help.

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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. 45 metro areas throughout the U.S. plus Washington, D.C.

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