HomeLight

APRIL 22, 2024

But there’s a catch: to turn a profit, cash-for-homes companies often present offers that are below market value. Schedule a walkthrough: A representative of the company may ask to tour your home in person to get a better idea of its condition and potential market value. No showings, no repairs, no open houses.

Rent back 97

Rent back Closing Sales Agents 97

HomeLight

APRIL 29, 2021

From cocktail parties to backyard barbecues, it seems like everyone around you is talking about how hot the real estate market is. So does that mean you’re in a buyer’s market or a seller’s market? Like stock prices, the real estate market fluctuates. Seller’s market: The odds are in your favor. Home prices rise.

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Marketing Sales Agents Construction 109

Realty Biz

MAY 16, 2021

Timing a purchase and sale is incredibly difficult in most markets but especially when most sellers won’t accept an offer contingent on the sale of the buyer’s home,” he said of the reality of today’s market. Such an option enables the seller to rent the home back from the buyer for a specified period of time at an agreed upon rate.

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Purchase and sale agreement Rent back Sales As-is 74

Realty Biz

JULY 7, 2021

There may not be enough houses on the market right now, but more are coming on the market every day. When the market demands it, your highest offer should be at the high end of the market analysis. In today’s market, a good strategy is looking at houses below the top end of your budget.

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Inspection contingency Marketing Inspection Rent back 88

HomeLight

AUGUST 4, 2022

You have options, such as a rent-back agreement, aka, a lease-back deal, that would allow you to stay in the home you just sold a bit longer to give you time to find a new place, to wait for the next home to be built , or to let your children finish the school year. What is a rent-back agreement?

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Rent back Purchase and sale agreement Closing Renovation 99

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

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

Realty Biz

MARCH 5, 2021

Real estate agents are urging their clients to go and sell their homes now, or risk missing out on the golden opportunity that the current seller’s market presents. “A With the current high market demand for homes and slim housing inventories, sellers have far more negotiating power than they’ve had in a long time, real estate experts say.

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Equity Rent back Agents Loans 113

RIS Media

APRIL 18, 2022

Take time to understand the current housing market. You’ll want to be sure you understand the current market and what houses are available. Is it a buyer’s market or a seller’s market? Is it a buyer’s market or a seller’s market? All real estate is local, after all.

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Pre-approval Backup offer Due diligence Rent back 118

First Team Real Estate

MAY 25, 2021

Southern California home prices hit an all-time high this April as the hot seller’s market got even hotter. Bidding wars are extremely common across the Southern California housing market as tons of buyers compete for limited inventory , helping to drive up median prices. Becky Beavers of DQNews says the 20.2% Sales: Up 66.9%.

Rent back 98

Rent back Closing costs Sales Mortgages 98

Windemere Selling

JUNE 14, 2021

Talk to your agent about real estate trends in your local market to understand which housing options tend to be available at certain times of year. If your home is still on the market, understand that a fully staged home will be fundamentally different from the one you’re used to. Your budget will help determine your options.

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Rent back Staging Closing Agents 52

Windemere Selling

SEPTEMBER 1, 2021

On the other hand, it creates a gap of residence, often leaving homeowners wondering where they’ll stay until they move into their new home or whether they may need to rent before they can buy again. Sellers may also negotiate a rent-back agreement with the buyers, allowing them to rent the house from the new owners before they move in.

Purchase and sale agreement 52

Purchase and sale agreement Rent back Loans Agents 52

Hank Miller Team

FEBRUARY 27, 2022

Coming off the frenzied Atlanta 2021 real estate market, it's hard to imagine things could get tougher for home buyers, but they are. Home buyers are rushing to buy ahead of additional rate and/or rent increases, some will be trapped on the hamster wheel of renting. A rent back? Is that smart? Is it price?

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Due diligence Rent back Inspection Agents 52

The Close

APRIL 28, 2022

In today’s tight inventory market, trying to help buyers with financing and limited funds feels a little like getting into a boxing match with Mike Tyson. Here are the top 10 that have helped my team successfully beat out cash offers—yes, even in this red hot market. Here’s how it works. There is a charge for this service.

Rent back 104

Rent back Closing costs Finance Agents 104

Realtor.com

DECEMBER 10, 2020

In this market, trying to negotiate a sales price probably won’t get you far.”. But even in a seller’s market, there are myriad opportunities to negotiate, from requesting home repairs to offering a speedy closing. Of course, price is important when you’re buying a home. This is not necessarily the case.”. Time to close.

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Closing costs Inspection Closing Rent back 142

Real Trends

MARCH 3, 2022

No matter how much prep, effort and marketing you’ve put into your listing, it’s likely to sell quickly and for over-list price in this seller’s market, which is nothing to brag about. . Here are a few techniques and tips to keep in mind as you go to battle. Be available. Answer your phone. .

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Agents Due diligence Inspection Rent back 103

The Close

FEBRUARY 6, 2024

That’s not including the luxury market—the median sold price in my area in Florida is around $300,000. I’ve compiled a list of my top tips on how to win a bidding war on a house to help you outsmart your competition and get your clients into their dream homes. The less your buyers need to finance, the less likely the deal will fall through.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

HomeLight

MARCH 31, 2022

leading to bidding wars in many of the major markets. For instance, getting preapproved for a mortgage is imperative in the 2022 tight market. Eliminating this important contingency can be tricky, but it may be the only way to get your offer accepted in a competitive market. You generally see those in a normal market.”

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Home sale contingency Sales Purchase and sale agreement Inspection contingency 82

Marco Santarelli

MAY 4, 2023

In 2023, despite a cooling housing market and high mortgage rates, turnkey homes are in demand and selling fast. While fixer-uppers, homes with less curb appeal, and those located in less desirable areas are sitting on the market for longer, turnkey homes in good school districts remain hot commodities.

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Sales Pre-approval Investor Renovation 52

HomeLight

APRIL 27, 2022

And according to a recent survey, 83% of real estate agents expect these trends to continue into 2022, though a more balanced market may start to emerge in the second half of the year as interest rates rise. According to Kypreos, the first day on the market is the most important. Source: (3844328/ Pixabay).

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Renovation Agents Sales Rent back 99

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. When you’re selling a house, finding a buyer means you can start thinking about the next big step: actually moving. Find a reputable mover.

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Purchase and sale agreement Rent back As-is Agents 109

Real Trends

JULY 15, 2022

The situation in today’s housing market is consistent with that of the previous two years: a lower inventory of houses available for sale than the demand. Because of today’s tight market agents have a great opportunity to assure sellers get the best price for their home. This only makes the process harder for the buyer and his agent.

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Loan Officer Agents Rent back Finance 52

HomeLight

APRIL 29, 2021

“Sellers don’t always understand the condition that their property should be in bringing onto the market,” says Thompson. And don’t forget clutter in your front and back yards: 62% of agents surveyed by HomeLight said clearing exterior clutter is critical , particularly for listing photos and virtual tours.

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Purchase and sale agreement Pre-approval Inspection Inspection contingency 95

HomeLight

AUGUST 31, 2021

Cash offers are more popular in some markets than others; for buyers trying to find a house in an area where cash offers are prevalent, competing against those offers can be a discouraging part of the homebuying process. Keep in mind that the number of cash offers floating around fluctuates with the market and at different price points.

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Due diligence Inspection Pre-approval Pre-qualification 77

Redfin

JULY 28, 2020

markets waived the inspection contingency, compared with just 13.2% Record-low mortgage rates, which fell below 3% for the first time in history this month, are driving strong homebuyer demand amid a severe shortage of homes on the market. In June, 19.9% of successful offers submitted by Redfin agents in select major U.S.

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Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

HomeLight

APRIL 19, 2021

But getting to live in such a cultural epicenter means getting ahead of an exceptionally competitive real estate market. We interviewed real estate experts with decades of experience to help you win a bid on your own home in Manhattan’s hyper-competitive, fast-paced market. Source: (Josephine Baran / Unsplash). million in condos.

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Earnest money deposit Inspection Due diligence Agents 62

HomeLight

SEPTEMBER 30, 2020

On the flip side, the U&O can allow the seller to remain in the home for a certain amount of time after closing (also known as a “rent-back” agreement). On the flip side, the U&O can allow the seller to remain in the home for a certain amount of time after closing (also known as a “rent-back” agreement).

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Purchase and sale agreement Closing Rent back Investor 54

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

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. But as home prices across the country surge, so do intense waves of coronavirus cases. So is it a good time to sell a house, or will the move leave you in the lurch?

As-is 103

As-is Purchase and sale agreement Agents Equity 103

HomeLight

APRIL 17, 2024

Selling a home the traditional way can be stressful and time consuming, especially in a shifting market. Request Offer Editors note: Opendoor and Offerpad provide an option to list your home on the market. In normal home sales, many real estate agents are negotiating rent-back periods for home sellers. What is Opendoor?

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Seller concession Inspection Rent back Closing 97

HomeLight

MARCH 31, 2021

If these scenarios ring true, chances are you’re in the midst of a seller’s market. If these scenarios ring true, chances are you’re in the midst of a seller’s market. A seller’s market exists when there are more homebuyers than available homes. Source: (Gabriella Clare Marino / Unsplash).

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Marketing Banks Land Sales 85

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. We can set you up for automatic alerts when new homes come on the market that fit your wish list, so you are instantly notified about new properties.

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Purchase and sale agreement Rent back Marketing Agents 98

HomeLight

JUNE 30, 2021

Christina Roberto , an agent in Georgetown, Texas, who works with 78% more single-family homes than the average agent in her area, has had offers with sales contingencies accepted even in a hot seller’s market. If the contingency isn’t met, it usually means that you can drop out of the purchase and get your earnest money back.

Rent back 104

Rent back Inspection contingency Earnest money deposit Finance 104

HomeLight

JULY 29, 2022

Each option may have advantages that depend on market conditions. Our Home Value Estimator tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Start by understanding the market. In a buyer’s market.

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Debt-to-income ratio Loans Rent back Equity 109

HomeLight

AUGUST 16, 2022

We’ll get into more details shortly, but it is safe to say that market activity is to blame (or thank!) We’re (somehow) more than halfway through 2022, which has given interest rates plenty of time to adjust as the world eases back into normalcy following the worst of the Covid-19 pandemic. Mortgage rates in early 2022.

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Mortgages Fixed-rate mortgage Agents Rent back 134

HomeLight

AUGUST 17, 2022

In short, the market is what drives interest rates. And “the market” means everything from stocks to inflation to consumer spending habits — so when the Covid-19 pandemic hit and brought everything to a screeching halt, well, the powers that be had to do something to get dollars moving around again. Prime rates and the bond market.

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Mortgages Rent back Fixed-rate mortgage Banks 81