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Active Pending Short Sales: What Are They, And Can You Still Make an Offer?

HomeLight

You see a house you love, but the listing shows that it is an “active pending short sale.”. And just what is a short sale, anyway? Is a short sale home purchase for you? And can you still make an offer on an active pending short sale? Short sales defined . Wait, what?

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15 Homebuying Terms You Should Know When Searching for Your New Home

RIS Media

The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction. The fee, usually 0.3 – 1.5

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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

However, as those forbearances end toward the later part of 2021, foreclosures will likely become more readily available and may even hit the market in droves, says Florida real estate agent Christina Griffin , who has 20 years of experience in the industry. Let’s take a look at the most common foreclosure sales and how they work.

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Should You Flip a House in 2023? Well, It Depends

HomeLight

Home improvement shows have popularized the concept of “flipping” houses, bringing this segment of the real estate industry into the living rooms of everyday Americans, even inspiring some to take on the challenge of buying a home needing TLC, updating the home with old-fashioned sweat equity, and selling for a nice profit.

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Sell Your House for Cash: For Some, the Convenience Can’t Be Beat

HomeLight

Going with a cash offer primarily because it’s easy and low-hassle isn’t unheard of anymore, and in some markets, certain types of cash buyers are getting closer to offering market value than normal , industry data from zavvie shows. Buyers who re-invested their equity. Out-of-state buyers.

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New Details of First-Time Homebuyer Grant Emerge: Who Qualifies?

RIS Media

The industry has been eagerly awaiting further details about President Joe Biden’s proposed first-time homebuyer tax credit—which originally featured a max of $15,000 per buyer toward their down payment on a home. Assistance can go toward a down payment or the closing costs, or to reduce the interest rate on a mortgage.

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A 2023 Guide to Flipping Houses in California: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. Find a Buyer's Agent What is house flipping?