HomeLight

SEPTEMBER 1, 2020

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. What’s a bank-owned foreclosure?

Banks 77

Banks Inspection contingency Inspection FHA loan 77

HomeLight

FEBRUARY 4, 2022

If you’re in the market for real estate, either as an investment or a residence, REO (which stands for “real estate owned” also known as “bank owned”), homes can offer you a deal, but without the hassle of dealing with a foreclosure auction. Source: (Roger Starnes Sr / Unsplash). What is an REO home?

Agents 78

Agents Banks MLS Title 78

HomeLight

AUGUST 31, 2021

You’re reading through a new MLS listing, and you believe you found your ideal home. But right as you’re about to call your real estate agent, you notice there’s a line in there that labels it a foreclosure. A home goes through several steps before the bank physically takes over the house and sells the property.

Pre-approval 95

Pre-approval Short sale Banks Finance 95

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? Experienced REO buyers swear by this method of wealth-building through real estate. These are properties that have been foreclosed , and the ownership has fully transferred to the bank or lender. Source: (Andre W. Nguyen / Unsplash). What is an REO sale?

Banks 103

Banks Pre-qualification Investor Short sale 103

HomeLight

MARCH 10, 2023

“Generally, I start from the back — what is the after-repair value (ARV) when the house has been fully renovated? Inflation has had a big impact on renovating a house and that is something flippers have to take into consideration when creating a budget, Wise adds. I determine what is the most I can get out of it. Wise agrees.

House Flipping 85

House Flipping Renovation Investor Finance 85

HomeLight

MARCH 30, 2022

Whether you inherited a home on the opposite coast or are finally selling a pre-pandemic condo that’s too small to support working remotely, selling a house from out of state will eventually be freeing and hopefully a blessing to your bank account. Plus, each reduction keeps the property at the top of the multiple listing service (MLS). “It

Pre-approval 99

Pre-approval Agents Closing MLS 99

Marco Santarelli

MARCH 15, 2021

Housing data by Bright MLS, Inc. If you are looking at buying real estate in Philadelphia in 2021, you must read until the end. Philadelphia is a hot seller's real estate market by all housing indicators. The following housing report of the Philadelphia Metro Area is based on February 2021 Bright MLS housing data.

Marketing 126

Marketing Investor Sales As-is 126