HomeLight

OCTOBER 28, 2024

A quick turnover can signal strong demand, potentially leading to a faster sale at a favorable price. You can check real estate websites or consult with a local agent to get an idea of average days on market and recent sale prices. The software will automatically load listings marked as “Closed” and indicate the selling price.

Pre-approval

HomeLight

APRIL 9, 2025

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. Lenders want to be confident that you can handle payments on both homes if your sale doesnt happen immediately.

Equity

HomeLight

MARCH 24, 2025

In the midst of these financial straits, there may be a slightly better option: a short sale. But what is a short sale, and is it the right route for you? Weve broken out the most common questions about short sales to help you make a more informed decision about your next steps. What is a short sale? Find Agent 1.

Short sale

HomeLight

APRIL 10, 2025

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. In addition to reviewing your monthly income, lenders will also look at how much equity you have in your current home.

Equity

HomeLight

APRIL 18, 2025

You might be curious if theres a way to access your homes equity for a down payment before it sells or if your only option is to move out and crash somewhere temporary while you house hunt. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity

HomeLight

JULY 28, 2025

You need the equity from your existing home to fund your next purchase — but getting the timing right isn’t always easy. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

Equity

HomeLight

JULY 24, 2025

Timing the sale and purchase just right — especially in a highly competitive market like Sacramento, California — can be a stressful undertaking. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. What are the benefits of a bridge loan in Sacramento?

Equity

HomeLight

JULY 24, 2025

You need the equity from your existing property to fund the next purchase, but pulling that off without disruption to your daily life isn’t easy. With homes taking longer to sell, aligning the timing of your sale and next purchase becomes even more challenging. Buy Before You Sell What is a bridge loan, in simple words?

Equity

HomeLight

JULY 24, 2025

Timing the sale and purchase just right — especially in a highly competitive market like Sacramento, California — can be a stressful undertaking. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. What are the benefits of a bridge loan in Sacramento?

Equity

Redfin

JANUARY 10, 2025

Arguably, the most important variables to consider before you make the decision to sell are home equity, transaction costs, and local market conditions. Home equity Home equity is a term that measures the value of a home to its owner after all debts and liabilities (like a mortgage ) have been paid.

Seller concession

Lighter Side of Real Estate

APRIL 29, 2025

of home sales in the U.S. Here are some common examples: Money toward closing costs A seller might agree to cover part (or all) of the buyers closing fees, which can be thousands of dollars. So even if you offer money toward closing costs or repairs, you may still walk away with substantial equity gains.

Seller concession

Redfin

MARCH 4, 2025

One of the benefits of homeownership is building equity – the amount of the home you actually own. Home equity can be used to help you buy a new home, make improvements to your house to increase its value, or pay off debts. So, how do you calculate how much home equity you have? How is home equity calculated?

Equity

The Close

NOVEMBER 25, 2024

When looking into your finances, consider the following factors: Closing costs: These are generally 2% to 5% of the property’s sales price and include lender fees, title insurance, property insurance, and property taxes. The higher the home’s sale price, the higher your closing costs.

Purchase and sale agreement

Redfin

JULY 29, 2025

A lot of people will ask “Is down payment included in closing costs?” It’s easy to get them confused because they’re both big upfront costs you pay when you’re in the homebuying process. Closing costs are all the fees for the services needed to finalize the home sale.

Closing costs

Redfin

JULY 15, 2025

This Redfin guide is here to be your checklist, breaking down the upfront costs you’ll need to cover to actually close on your home and make it yours. From inspections to closing fees, here’s what you should know (and plan for) before you get the keys. Closing costs So, what are closing costs ?

Closing costs

The Close

MARCH 11, 2025

The process of locating and purchasing for sale by owner (FSBO) properties can be a complex endeavor for investors. This process involves multiple stages, starting with identifying an FSBO listing to securing appropriate financing and completing the closing procedures. What are the average monthly utilities and maintenance costs?

Sales

The Mortgage Report

JULY 11, 2025

I think in some cities, like Phoenix, we are starting to see a little bit of foreclosure or short sale happening. Ralph DiBugnara , president at Home Qualified : What’s most unique for first-time buyers is the competitive nature of today’s markets combined with higher rates and costs. But that is really market dependent.

FHA 203k rehab loan

Redfin

JUNE 13, 2025

Buying your second home comes with experience on your side and valuable advantages: financial history, equity from your current home, and a clearer sense of what you want. Coordinating the sale of your current home with the purchase of your next requires precise timing. Example cost impact: At a 6.8%

Debt-to-income ratio

The Close

NOVEMBER 25, 2024

Since it takes more time and can require more strategy to lock down this type of property, start by asking yourself why you want to zone in on a preforeclosure purchase rather than a traditional sale. Look for Notice of Default, Notice of Trustee Sale, and Lis Pendens in the public records section.

Hard money loan

Redfin

JULY 10, 2025

This rule allows many sellers to exclude up to $250,000 in capital gains (if single) or up to $500,000 (if married and filing jointly) from the sale of their primary residence. Use test: You must have lived in the home as your primary residence for at least two of the past five years leading up to the sale.

Equity

Redfin

JULY 31, 2025

State and local programs: Cities and states may offer down payment assistance, forgivable loans, or closing cost help. Fannie Mae’s HomePath Ready Buyer Program : This offers up to 3% in closing cost assistance when purchasing a HomePath property and completing a homeownership course. Also keep an eye on equity potential.

Purchase and sale agreement

The Mortgage Report

JULY 1, 2025

of mortgaged home sales in April, up from 14.2% of mortgaged home sales, their highest April level marked since 2020. Buyers are stretched thin, so they’re toward cheaper homes or loans that let them put less down upfront – like FHA and VA mortgages ,” says Steven Glick , director of mortgage sales for HomeAbroad.

Loans

Redfin

JANUARY 28, 2025

However, there are other costs you need to account for in addition to the loan itself, such as: Equity payment: Youll need to pay the seller for the equity theyve already built up in the home. This is typically reflected in the sale price of the property.

Loans

HomeLight

MARCH 11, 2025

In short, the more your home appreciates, the more equity you have in it. This increase in value is what every homeowner wants giving you more options when it comes to future financial decisions, like selling, refinancing, or taking out a home equity loan. How can you estimate your home sale proceeds?

Equity

AAOA

MAY 22, 2025

You need to lookthe potential to optimize operations, increase cash flow, and build equity through forced appreciation. Start with a Letter of Intent (LOI) outlining your terms, then proceed to a formal Purchase and Sale Agreement (PSA) once its accepted. Closing costs typically run between 2% and 5% of the purchase price.

Due diligence

Redfin

JUNE 9, 2025

Prices increasing fast: Prices rise quickly in hot markets but appraisals rely on older sales data that may not reflect the latest trends. Limited recent sales nearby: In neighborhoods with few homes for sale, there may not be enough recent data to support a high appraisal. Lenders won’t finance more than a home is worth.

Purchase and sale agreement

Redfin

MARCH 4, 2025

15 documents to have before listing your home Collect paperwork that highlights your homes selling points for an accurate pricing strategy, additional documentation to pass on to the new owners and other real estate forms required for the sale. These could also include any home equity loans or lines of credit you may have with your lender.

Purchase and sale agreement

Redfin

JUNE 17, 2025

It can help you save on agent fees, offer the possibility of a gift of equity, and reduce or eliminate your down payment. Gift of equity : A home must be sold at fair market value , but your family member can offer a gift of equity to make it affordable. On a $400,000 sale, that could mean saving about $20,000 in closing costs.

Purchase and sale agreement

Redfin

FEBRUARY 28, 2025

Buying a home is one of the biggest financial decisions youll ever make, and its not just about the sale price. From the down payment to closing costs, there are a lot of expenses to consider. home price about $420,000as a benchmark for estimating these costs. Whats included in closing costs?

Earnest money deposit

Redfin

APRIL 11, 2025

But the national average and the cost of houses for sale in your area can look drastically different. In the past, many homeowners stayed in their starter homes for around three to seven years building equity. The initial costs , like a down payment and closing costs, can be a big hurdle for many first-time homebuyers.

Marketing

Redfin

JANUARY 28, 2025

However, theres a catch: the buyer must still qualify for the loan under the FHA’s guidelines, and any difference between the loan balance and the homes purchase price (the seller’s equity) must be covered, either through cash or secondary financing. There are also additional costs associated with refinancing a mortgage.

FHA loan

The Mortgage Report

JULY 22, 2025

Refinancing comes with closing costs , which usually cost between 2% and 5% of the loan amount. Things to consider: You’ll need everyone on the title to agree to the sale. The current market and property value will impact how much equity each party receives. Time to make a move?

FHA 203k rehab loan

Redfin

FEBRUARY 24, 2025

Purchasing an existing home often proves more cost-effective than constructing a new one, though total expenses vary based on factors like home size, materials, market conditions, and location. As of December 2024, the median sales price for single-family homes in the U.S. As of the end of 2024, the median home sales price in the U.S.

Debt-to-income ratio

Marco Santarelli

JUNE 12, 2025

The median existing home sale price hit $414,000 in April 2025 , marking a long streak of yearly increases. Here's a quick snapshot: Median Home Sale Price (April 2025): $414,000 (+1.8% Home Sales: A Reflection of Affordability Challenges The number of home sales provides another indicator of market health.

Equity

Redfin

MARCH 4, 2025

Whether youre looking at homes for sale in San Antonio, TX , or in Wilmington DE , there are options for you. There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. Auctions The most common type of foreclosure sale is by an auction.

Pre-approval

Marco Santarelli

APRIL 27, 2025

Plus, you avoid appraisal fees, loan origination fees, and other costs tied to getting a mortgage. You control your equity 100% from day one. Sales Are Slowing Down: According to the NAR data from April 24, 2025, reporting on March sales, existing-home sales slipped by 5.9% Year-over-year, sales were down 2.4%

Finance

AAOA

MARCH 10, 2025

Its the difference between the net sale price and your original purchase price, plus any improvements. This gain becomes real when you complete the sale. Remember, you can often deduct your closing costs (selling expenses) from your gain. Receipts for improvements can bump up your cost basis and lower your taxable gain.

Investor