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Hit Them With Your Best Shot: How Much to Offer on a Short Sale

HomeLight

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.

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5 of the Top We Buy Houses For Cash Companies in New Jersey

HomeLight

In the years since then, the company developed a mission to revitalize both homes and communities. The selling process at Cash Buyer New Jersey is straightforward, with the same slim due diligence and closing periods as other cash-offer businesses. May need to lower the price if appraisal comes in low. Title search.

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How to Sell a House With a Realtor®, From Home Prep to Closing Day

HomeLight

Unfortunately, too many homeowners fail to do the same due diligence when hiring the Realtor ® who’ll help them sell their most valuable asset. They want to make sure you’re doing your due diligence! Develop a plan to achieve your selling goals. Develop an effective pricing strategy. Find Agent.

Closing 104
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How to Get a Mortgage Loan: A Step-By-Step Guide for First-Timers

HomeLight

FHA loans are backed by the Department of Housing and Urban Development and accept credit scores as low as 500. Closing costs: These are the fees you’ll have to pay at closing and include charges for the appraisal and recording fees required by your city or county. Step 9: Do your due diligence. with a score above 580.

Loans 98
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How to Buy a House at Auction: A Guide for Foreclosure Newbies

HomeLight

Department of Housing and Urban Development (HUD) homes for sale portal. If you’ve ever done any bidding on eBay or similar auction platforms, you’ve probably seen terms like “minimum bid” and “reserve.” “Not all auctions will allow you to use a mortgage, so be diligent with your research on each property.”.

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Flipping Houses in New York: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. The successful flippers are the ones who have developed good relationships with contractors to keep them honest.” Find a Buyer's Agent What is house flipping?

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

The appraisal can be a stressful point in the homebuying process for clients. If an appraiser assigns a lower value to the property than what the buyer has offered, the lender might not fund the entire loan amount. The appraiser, after all, is computing the fair market value of a property to ensure that the loan amount is reasonable.