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America’s most expensive home goes on sale, priced at $295M

Realty Biz

a $295 million, 105,000-square-foot mansion in Los Angeles’ Bel Air neighborhood has just gone on sale. If the home manages to fetch its $295 million asking price, it would set a new record for the most expensive home ever purchased in the U.S. 7 if it isn’t purchased beforehand. 7 if it isn’t purchased beforehand.

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9 Proven Strategies to Find Hidden Listing Inventory in 2022

The Close

Begin with an MLS search of the past 12 months’ sales in the area your client is looking. I know it works because I have personally purchased two properties, under market value, using this technique. In my 27 years as an agent and coach, I have never seen inventory this low. Download the Best FSBO Scripts. Talk to Top-producing Agents.

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How Long it Takes to Close on a House

Realty Biz

So when you add that to the time it takes for a buyer to purchase a house, sellers can fairly easily vacate their properties in under 3 months. As long as everything proceeds smoothly, there should be no reason you can’t complete the time frame agreed upon in the purchase and sale agreement regarding the closing.

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How to Determine if Rent-to-Own or a Mortgage is Best for You

Realty Biz

Rent-to-own is a contract between the homeowner and the buyer that sets aside a certain percentage of rent towards an agreed-upon home purchase price. Under these agreements, the buyer pays a slightly higher-than-average rental price as well as a one-time option fee between 3% and 7% of the total home price. Benefits of Homeownership.

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How Fast Can I Sell My House? It Can Take 75 Days or 12

HomeLight

If you need to move even more swiftly than that, selling to an online direct buyer through a platform like HomeLight’s Simple Sale could take as little as 10 days. The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. Direct Buyer (Simple Sale). Traditional Sale.

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Appraisal Definition: How Your Home Value is Determined and Why

HomeLight

Any additional information the appraiser used in the appraisal process, including market sales data, public land records, or tax records. Insurance companies use appraisals to value items in your home, such as your engagement ring, so they can provide adequate coverage. Home appraisal definition from Appraisal Institute.

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Ready to Apply For a Loan? You’ll Need This List of Mortgage Documents

HomeLight

If you have a job where you get a predictable salary, and you don’t have any blemishes on your credit, the list of mortgage documents is relatively short, according to Richie Helali, mortgage sales leader at HomeLight Home Loans. Bankruptcy discharge papers. Profit and loss statements for any businesses you own. Foreclosure documents.

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