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7 Critical Parts of Every Real Estate Investment Business Plan

The Close

Many novice investors think they can just contact a local agent and select from the properties that are available in the MLS. The cold truth is that the best deals are found off-market or outside of the MLS. This means that you may need to create a plan for marketing to homeowners in foreclosure or divorce and bankruptcy attorneys.

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Appraisal Definition: How Your Home Value is Determined and Why

HomeLight

MLS listings of the comparable properties. If you are selling or refinancing your home, the lender that is financing the mortgage will schedule the appraisal. Appraisal for a lender-financed home sale. The buyer is financing through a mortgage company. Explanation of how square footage was calculated.

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

HomeLight

A traditional home sale in which a seller lists with an agent and a buyer finances with a mortgage takes approximately 18-30 days to go under contract, plus an additional 30-45 days to closing. Buyer’s financing method. Buyer’s financing method. It’s going to take more time to sell to a buyer who finances with a mortgage.

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This Is How To Profitably Find Houses To Flip In 2023

Kyle Handy

They want to sell their house without an MLS listing or an agent, so they list it on Zillow and wait for potential offers to come in. You can target advertising on Google or Facebook to people interested in bankruptcy or foreclosure. All you know is that another agent already tried to list the property on the MLS and failed.

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Why an Economic Downturn Represents the Best Time to Invest in Real Estate

The Close

Motivated Sellers The motivated seller category is the submarket where you will find homeowners who are facing financial distresses like bankruptcy, foreclosure, and job loss or relocation. The challenge for most real estate agents is that many motivated seller and distressed property opportunities never make it to the MLS.

Investor 116
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9 Alternatives to Zillow When Buying or Selling a Home

HomeLight

This means you can head to the proverbial negotiation table with confidence — and the ability to potentially waive your financing contingency. This site also lists whether a property is in bankruptcy, preforeclosure , or foreclosure. Their menu offers how-to guides for buying, selling, financing, and more. RealtyTrac.

Agents 93
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What is a Probate Sale? Answering 4 Big Questions About This Tricky Transaction

HomeLight

Consider this real-world example, he says: “If two houses were identical side-by-side and one was a probate, and you had to go through this process, whereas the other you can look up [on the MLS] and have an easy process, you’re not going to pay the same amount of money. So you’ll [likely] end up getting a discount on the probate property.”.