HomeLight
AUGUST 16, 2021
Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? It’s a long sale.
Rent, Buy & Sell
JANUARY 20, 2023
Foreclosures and short sales may be enticing due to low offer prices, but they carry some risks and potentially higher costs. Be Wary of Foreclosures and Short Sales Foreclosures and short sales abound in poor economies. These searches are important because they verify that the home’s title has no issues.
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HomeLight
AUGUST 31, 2021
Distressed sales accounted for just 1% of all home sales in April 2021. Let’s take a look at the most common foreclosure sales and how they work. Short sale. A short sale isn’t necessarily a foreclosure sale, but it’s common to see a short sale done to avoid foreclosure.
HomeLight
JULY 31, 2020
Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. It almost certainly will not move as quickly as anticipated. Loan approval.
RIS Media
SEPTEMBER 21, 2020
If you’re searching for your first new home, you will likely hear many words that you’ve never heard before. Here are 15 homebuying terms you should become familiar with before you start your home search: . Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction.
Point2Homes
JUNE 4, 2021
The easiest way to assess the property’s condition is to visit and take a look at the exterior , searching for any signs of damage, squatting, etc. It’s also essential to run a title search on the property. Auction sales usually have the lien amount listed, and you can use it as a starting point for planning your budget.
HomeLight
JANUARY 3, 2022
An agent-assisted sale is likely to benefit from the competition of the open market in which buyers make connections with homes and often bid with their emotions. In addition, the risks of a settlement cancellation or delay are higher with a traditional sale, especially if the buyer is purchasing the home with a mortgage.
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