Housing Wire

JUNE 24, 2021

By the time the average US homeowner retires, it’s often stated that 83% of their wealth will come from their real estate’s equity, however, the challenge is most homeowners don’t consider their home an asset. According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer. Williams IV, CEO, Buyside.

Pre-approval 291

Pre-approval Equity Loan Officer Brokerage 291

Realty Biz

JANUARY 15, 2024

It's important to note that eligibility for a bridge loan will depend on factors such as your creditworthiness and the equity in your current home. One option is obtaining a home equity line of credit (HELOC) on your current property. One of the most challenging aspects of real estate is buying and selling homes simultaneously.

Pre-approval 105

Pre-approval Purchase and sale agreement Finance Equity 105

HomeLight

DECEMBER 27, 2023

Unlock Your Equity Faster With a Cash Offer Consider going through HomeLight’s Simple Sale platform to access the equity of your existing home quickly. Once you know your payoff amount, you can use this simple home sale proceeds formula to better understand how much money you’ll make at closing. Learn More 1.

Pre-approval 108

Pre-approval Mortgages Equity Principal 108

Housing Wire

APRIL 22, 2024

I would be happy to give you an equity analysis and let you know how much equity you have in your home. Emails are easily forgotten, end up in the spam folder, or are never opened at all — but a letter in the mail ensures you occupy your audience’s mindshare for much longer.

Brokerage 345

Brokerage Investor Agents Pre-approval 345

HomeLight

AUGUST 12, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Illinois. Looking to sell a house “as is” in Illinois? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on.

As-is 87

As-is Purchase and sale agreement Investor Closing costs 87

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? What is home equity?

Equity 99

Equity Finance Loans Closing costs 99

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 78

Short sale Sales Pre-approval Equity 78

Keeping Current Matters

JULY 13, 2021

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), inventory levels have been rising since February of this year. months’ supply of homes for sale. Getting pre-approved can show the seller you’re serious and help you know what you can afford. Inventory is increasing.

Marketing 258

Marketing Pre-approval Equity Agents 258

RIS Media

DECEMBER 14, 2020

Cyclone of Sales Activity Intensity. In central Puget Sound, the velocity of the housing market is in tight rotation, with the sales activity intensity for each new listing going under contract at a frenzy level and higher for most price ranges and areas. Mid-June: The number of sellers increased to pre-COVID seasonal levels.

Sales 98

Sales Pre-approval Equity Marketing 98

Keeping Current Matters

FEBRUARY 24, 2021

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory of homes available for sale is down 25.7%. There are 360,000 fewer single-family homes for sale today than there were at this time last year.

Pre-approval 272

Pre-approval Construction Equity Sales 272

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. Short sales are rarer in the housing market nowadays.

Short sale 71

Short sale Sales Pre-approval Pre-qualification 71

Marco Santarelli

MAY 18, 2024

Their presence in the market is increasing, making up 32% of sales in March 2024, compared to 28% the year before. The share of all-cash sales has dipped slightly in recent months, but remains significant at 28%. Existing-home sales have dipped slightly, but prices remain on the rise. Cash vs. Mortgage: Who's Buying?

Pre-approval 111

Pre-approval Investor Equity Mortgages 111

Marco Santarelli

SEPTEMBER 22, 2023

According to the National Association of Realtors , home sales fell 2.2 According to the National Association of Realtors , home sales fell 2.2 Additional signs of a housing bubble: A decline in the inventory of homes for sale: A low inventory of homes for sale can drive up demand and contribute to a housing bubble.

Pre-approval 98

Pre-approval Fixed-rate mortgage Lending Equity 98

Real Trends

DECEMBER 27, 2022

How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents. A sale is considered pending until the seller formally accepts an offer from a buyer. A sale is considered pending until the seller formally accepts an offer from a buyer. Inspection issues.

Sales 60

Sales Home sale contingency Pre-approval Inspection 60

CT Homes

FEBRUARY 13, 2024

Cons : Possible need for temporary housing if there’s a gap between sales. Review your savings, equity in your current home, and your ability to manage two mortgages, if it comes to that. Prepare your home for sale by decluttering, making necessary repairs, and staging it to appeal to potential buyers.

Pre-approval 75

Pre-approval Inspection Mortgages Staging 75

Lighter Side of Real Estate

JULY 25, 2023

When you’re interested in seeing a house for sale and call a real estate agent, there are a few questions they’re likely to ask, which may seem a little bit prying or pushy. So if you haven’t honestly been pre-approved yet, tell the agent and ask him or her for a list of lenders they recommend.

Pre-approval 95

Pre-approval Agents Equity As-is 95

Realty Biz

AUGUST 12, 2023

Equity : The difference between the current market value of your home and the amount you owe on your mortgage. As you pay down your mortgage or if the value of your home rises, your equity increases. This is usually done to get a better interest rate or to take cash out of home equity.

Purchase and sale agreement 97

Purchase and sale agreement Mortgages Pre-approval Title search 97

Lighter Side of Real Estate

MARCH 30, 2023

One of the first rules of sales is that the customer is always right. Here are 6 things you might feel you’re right about thinking or doing, but shouldn’t insist on being right because they could end up causing you major issues: 1) Not getting pre-approved until you find a house you like Can I Get A Loan?

Pre-approval 102

Pre-approval Agents Loans Equity 102

Realty Biz

MARCH 30, 2023

Documentation and the Pre-Approval Process Pre-approval is a must for anyone looking to purchase a home. Be sure to have all of your documentation in order and ready to go before starting the pre-approval process. that may help you get approved with favorable terms. Let's take a closer look.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

Marco Santarelli

MAY 2, 2024

This simple principle of supply and demand is precisely why a crash , fueled by an abundance of for-sale homes, is unlikely in 2024. The Federal Housing Finance Agency (FHFA) reports that the average credit score for a conventional mortgage in 2023 was 740, a substantial increase from the pre-crash era [FHFA].

Pre-approval 52

Pre-approval Marketing Lending Mortgages 52

HomeLight

JANUARY 3, 2024

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” In most cases, there are contingencies in the buyer’s offer that need to be cleared before the transaction is moved to the more solid “sale pending” status.

Purchase and sale agreement 94

Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 94

HomeLight

DECEMBER 10, 2021

Just how much do you stand to lose if you list your home as an as-is sale ? This differs from a typical sale, when sellers often make repairs and improvements to their house before listing and selling. Also, an as-is sale doesn’t preclude the buyer from inspecting the property. Selling a home “as is” has its perks.

As-is 84

As-is Purchase and sale agreement Investor Closing costs 84

HomeLight

JANUARY 5, 2022

Find an Agent to Coordinate a Sale Among Friends. They help clients save money by representing both sides and a pre-arranged discount.”. Whether you have a mountain cabin, beach bungalow, ski slope condo, or beautiful home anywhere in the country, you’ve probably heard more than one visitor exclaim: “Wow! This place is gorgeous!

Pre-approval 101

Pre-approval Purchase and sale agreement Title search Title 101

Housing Wire

AUGUST 23, 2023

When asked how relevant this business will be, Garg refers to Amazon , a company that drives two-thirds of its sales from third-party sellers. “We Flávia Nunes: Better took nearly two years to go public, with Aurora’s shareholders’ merger approval extended three times. ” And what is Better.com best at?

Debt-to-income ratio 357

Debt-to-income ratio Technology Mortgages Pre-approval 357

Real Trends

JUNE 8, 2023

Taylor spent more than nine years at Zillow in sales and strategy and more than three years at Modus. In February, the company launched “ Equity Unlocker ,” which allows employees to pledge vested stock equity as collateral for a down payment in a mortgage without selling their stock.

Agents 85

Agents Pre-approval Equity Mortgages 85

Realtor.com

NOVEMBER 28, 2022

The good news for home sellers is that over the past year, demand for homes has driven prices through the roof, pushing home equity to record levels. ” Still, it’s worth noting that some home sellers might be able to justify and absorb the higher interest rates since their home sale will likely bring a windfall of cash.

Marketing 119

Marketing Pre-approval Equity Finance 119

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. And that’s true!

Short sale 59

Short sale Sales Pre-approval Closing costs 59

Toronto Realty Blog

FEBRUARY 27, 2023

Thank you for taking us back to that place that we all thought we had left for good: pre-construction. about the pre-construction condo industry just as soon as this blog was launched back in 2007. Pre-construction “experts.” Blog reader Densha asked about pre-construction condo delays and it’s a good topic.

Construction 70

Construction Pre-approval Purchase and sale agreement Development 70

HomeLight

MARCH 13, 2023

Whatever your reason for needing a quick sale without making a substantial investment, the Orlando real estate market is teeming with cash buyers ready to make a deal no matter your home’s condition. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready.

Sales 75

Sales Investor Due diligence Renovation 75

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

Sales 85

Sales Purchase and sale agreement Due diligence Inspection 85

HomeLight

MARCH 13, 2023

Do you need to connect with cash home buyers in Austin for a fast sale? With so many people relocating to the Texas state capitol, there’s a need for housing – and there are plenty of cash home buyers in Austin to help sellers who need a quick sale. Well, you’re in luck. 2 fastest-growing U.S. city in 2022. High interest rates.

Sales 65

Sales Investor House Flipping Pre-approval 65

Norada Real Estate

FEBRUARY 7, 2023

A reverse mortgage (or home equity conversion, as it is sometimes called) involves selling the equity in a home while retaining the right to live in that home until death (a life estate). It turns a home's equity into regular cash payments. Funds obtained from a reverse mortgage may be used for any purpose.

Mortgages 95

Mortgages Equity Loans Principal 95

Point2Homes

SEPTEMBER 30, 2021

Real estate transactions often feature contingency clauses that allow both parties to back out of the sale under the circumstances stipulated in the contract. One common type you’ll encounter is a sale and settlement contingency. The Buyer Is Not Pre-approved for a Loan. Lots of Viewings, but No Follow-ups.

Pre-approval 98

Pre-approval Inspection contingency Proof of funds Due diligence 98

HomeLight

AUGUST 31, 2021

The exact steps vary from state to state, but let’s take a general look : Pre-foreclosure: As the name implies, a pre-foreclosure isn’t in foreclosure yet, but it’s on the way there. Usually, a home goes into pre-foreclosure after several consecutive months of missed mortgage payments, and the lender issues a notice of default.

Pre-approval 92

Pre-approval Short sale Banks Finance 92

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

Sales 62

Sales Purchase and sale agreement Earnest money deposit Investor 62

HomeLight

MAY 24, 2022

Or the idea of cashing out the equity on your two-story home and downsizing to a single-level house sounds appealing. Sales of existing homes fell for the second consecutive month by 2.7% Sales dropped from March 2021 in all four major US regions. Prices in March 2022 were 15% higher than a year before for existing home sales.

Pre-approval 97

Pre-approval Equity Agents Closing costs 97

RIS Media

SEPTEMBER 21, 2020

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 costs : Fees associated with the purchase of a home due at the end of the sales transaction. Mortgage interest rate : The price of borrowing money.

Pre-approval 61

Pre-approval Pre-qualification Title search Inspection 61