Redfin

MAY 7, 2021

Homeowners in a seller’s market face a conundrum. You can expect high prices in a competitive housing market where homes are selling in record time. Here are six options to consider when deciding on selling and buying in a seller’s market. 6 options for selling and buying in a seller’s market.

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Purchase and sale agreement Marketing Equity Loans 79

Redfin

FEBRUARY 2, 2021

What is a Seller’s Market? A seller’s market is when there are more homebuyers in a particular area looking to purchase a home than actual houses listed for sale. A seller’s market usually results in rising home prices and stiffer competition among homebuyers. How has the pandemic affected the market?

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Pre-approval Purchase and sale agreement Marketing Inspection contingency 65

HomeLight

APRIL 29, 2021

The home sale process involves a long list of steps, and your execution of each impacts your final sale price. As with most things in life, preparation is the key to a successful home sale. With 24 years of experience under his belt, Thompson shared a few gems about navigating the home sale journey. Vinyl windows: 72%.

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Purchase and sale agreement Pre-approval Inspection Inspection contingency 95

HomeLight

APRIL 28, 2022

With houses on the market for an average of 18 days as of February 2022 (according to statistics from the National Association of Realtors®), you don’t have much time to sell , pack up the house, and go. Hold a garage sale. This includes packing up your stuff, booking a trustworthy mover, and getting everything to your new home.

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Purchase and sale agreement Rent back As-is Agents 109

HomeLight

MAY 5, 2022

Given the recent low-inventory market , many sellers are requesting rent- or lease-back deals , which allow them to remain in the home for a short period of time. We’ve got solutions and options for the specific scenario you face, whether it’s: You need to negotiate a rent-back. What to do?

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Rent back Closing Purchase and sale agreement Agents 106

Redfin

JULY 28, 2020

markets waived the inspection contingency, compared with just 13.2% The inspection contingency allows the buyer to cancel a purchase or request repairs if they find an issue during the inspection period. Active listings—the count of all homes that were for sale at any time during a given month— dropped 20.7% In June, 19.9%

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Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

Redfin

JULY 30, 2020

Almost half (45%) of people who bought a home in the past year made an offer on a property that they hadn’t seen in person, the highest share since at least 2015, according to a Redfin-commissioned survey in May and June of more than 1,400 people across 29 major markets. Where in the building is the unit?

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Inspection contingency Purchase and sale agreement Pre-approval Inspection 73

HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? Thus, the purchase agreement is “contingent” on the sale of the buyer’s existing home.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 92

HomeLight

JANUARY 28, 2021

What’s more, 48% of agents believe home values in their market will continue to climb over the next six months, and 46% noted bidding wars were increasing in their market. Purchase demand: Will you find a buyer? Purchase demand has reached an all-time high. Here are some key factors to consider: Source: (Lukas / Pexels).

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As-is Purchase and sale agreement Agents Equity 104

First Team Real Estate

MAY 21, 2021

In order to get your home offer accepted in today’s tight seller’s market, you’ve got to be quick, smart, and totally in sync with your real estate agent. According to recent data from NAR , home sales are receiving an average of 4 offers, and our FirstTeam agents regularly see bidding wars that capture upwards of 20 offers!

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Purchase and sale agreement Rent back Marketing Agents 98

HomeLight

OCTOBER 1, 2020

Here’s how it works: The appraiser will find at least three nearby comparable homes ( “comps” ) that are about the same size and age as yours, which were sold recently (typically within the past three to six months), and the appraiser will then use regression models and their market knowledge to come up with the value of your coveted property.

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Purchase and sale agreement Short sale Rent back Sales 88

HomeLight

FEBRUARY 4, 2022

If you haven’t purchased a home before, you probably have lots of questions about the process. Source: (LinkedIn Sales Solutions / Unsplash). Work with you to write a compelling purchase offer. Coordinate with the closing attorney and seller’s agent to finalize the sale. … Agents really know the real estate market.

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Agents Purchase and sale agreement Due diligence Inspection 95

HomeLight

JANUARY 28, 2022

We buy houses” companies are flippers who purchase properties “as is” for cash and renovate them, generating a profit at resale. We buy houses” operations are cash buyers or house buying companies that purchase homes directly from homeowners. Buy-and-hold investors are individuals who offer competitive prices for market-ready homes.

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Purchase and sale agreement Investor Agents Sales 108

HomeLight

MARCH 28, 2022

Simple Sale provides cash offers for homes nationwide for when a traditional listing doesn’t work. If you purchased the home recently, such as a year or two ago, it’s possible you haven’t built up much equity yet. Relocating for a job when you own a house can be especially challenging. Receive a cash offer in as few as 48 hours.

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Purchase and sale agreement Equity Agents Staging 114

HomeLight

SEPTEMBER 11, 2020

Even a pandemic failed to slow down the 2020 real estate market. Does that mean a cash offer in your market? The seller will either accept your offer (in which case it becomes your purchase agreement ), or will counter your offer (you can accept or counter again), or the seller could also flatly decline.

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Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 84

HomeLight

MAY 24, 2021

If you’re looking to buy in 2021, then you already know that the market is white-hot. Home sales have skyrocketed, and home inventory is historically low. That means it’s a prime seller’s market — and a potentially tough go for hopeful buyers. Our expert-backed guide is here to help. Your budget is $300,000. Not so fast.

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Pre-qualification Pre-approval Purchase and sale agreement Loans 105

Realtor.com

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. If something is wrong, you can request that it be fixed—or you can back out of the sale. Clear the title.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

Realty Biz

MAY 16, 2022

In most areas of the US, there have been bidding wars on nearly every house that hits the market. With so few homes for sale, buyers are fighting over each property that hits the market. For buyers, it has been excruciating. For sellers, it has been a dream come true. Welcome to the home buying nightmare of the last few years.

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Earnest money deposit Purchase and sale agreement Rent back Inspection 95