article thumbnail

How Long Does a Short Sale Take? What to Expect When You’re Buying Short

HomeLight

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.

article thumbnail

Hit Them With Your Best Shot: How Much to Offer on a Short Sale

HomeLight

You know that old saying, “when one door closes, another one opens”? But what if it’s a different kind of sale … for example, how much should you offer on a short sale? So it’s a cycle of closing old chapters and starting new ones — and that doesn’t always happen in a clean-cut, seamless way.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

17 Home Closing Delays and How You Can Avoid Them

HomeLight

Closing on a house seems pretty straightforward. There’s a house for sale that you want to buy. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. So the answer to “how long does it take to close on a house?” How it can delay closing. Easy, right? Yeah, not so much.

Closing 107
article thumbnail

Karen Copeland of First Team Real Estate Closes $5.3 Million Commercial Sale

First Team Real Estate

Million, with both sides, the gross sale amounts to a total of $5.3 The 7-unit shopping center consisted of 2 buildings totaling 8,850 square feet on one acre of land adjacent to the I 15 Freeway offramp. Selling the center for the full list price of $2.65 The cap rate is 5.5% and the shopping center is fully leased.

article thumbnail

How to Up Your Community Involvement

RIS Media

When the pandemic began, we looked for ways to bring some joy into people’s lives, and we landed on a few ways that seemed to help. As for the adults, we offered free trivia Zoom events, where we hired a local “trivia guy” who wasn’t able to work due to the bars being closed.

article thumbnail

How to Make Money as a Real Estate Agent: 9 Strategies to Earn More

The Close

Chances are these people will buy or sell again, so keeping in close contact with them is key to making more money as a real estate pro. These ads direct potential sellers to Market Leader’s landing page and potential buyers to your personally branded, IDX search-enabled site. Engage Your Sphere of Influence With Regular Communication.

Agents 105
article thumbnail

Price Reduction in Real Estate: A 5-step Guide for Agents

The Close

Strategy 1: Implement a 10-day Price Drop If the seller is close enough to the ideal price point and wants to test the waters at their asking price, agree that if the price gets little to no activity or offers, it will automatically drop to your suggested listing price after 10 days. copy to clipboard Short sale approach: Ms.

Agents 80