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How To Buy and Sell a Home at the Same Time—in Today’s Haywire, High-Interest Rate Housing Market

Realtor.com

Getty Images (3) Buying a house while simultaneously selling your current home is always a treacherous tight wire to traverse—but in today’s high-priced, high-interest-rate housing market, it’s both a blessing and a curse. How disruptive will it be to have the home I live in on the market?

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What Do Cash Buyers Look for in Real Estate?

Realty Biz

The global real estate market reached a size of $3.69 For example, there's no need for a loan contingency (mortgage contingency). With a standard purchase, this allows a buyer to back out of a sale if they can't obtain a loan. As no financing is needed, the closing process is faster and more streamlined.

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Zavvie Releases Seller Preferences Report

RIS Media

Record-low inventory in markets across the U.S. Stefan Peterson, zavvie chief data officer and co-founder, explains the impact on the typical consumer: “A Denver buyer with a traditional mortgage and a loan contingency had to make offers on an average of seven homes before winning the day.” versus 7.2% in 2020. .

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zavvie Reveals new iBuyer and Power Buyer Report

RIS Media

Despite one of the most robust seller markets in real estate on record, with homes selling “faster than you ever thought possible,” iBuyers registered a breakout year in 2021, increasing business fivefold year-over-year according to a new report from zavvie. “Yet iBuyers had a breakout year,” he added.

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What’s the Deal with Making a Cash Offer on a House?

HomeLight

Cash offers are more popular in some markets than others; for buyers trying to find a house in an area where cash offers are prevalent, competing against those offers can be a discouraging part of the homebuying process. Keep in mind that the number of cash offers floating around fluctuates with the market and at different price points.

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11 Tips to Win a Bidding War on a House

Redfin

But because of the high demand in the current housing market , your real estate agent comes back with the unexpected news that several other homebuyers have also submitted offers on the home. A cash offer eliminates the need for an appraisal and bank approval for a loan, contingencies most homebuyers are required to include in an offer.

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How to Sell Your House Without a Realtor: 14 Steps to Selling FSBO

HomeLight

Your house is spotless, if you can ignore the open house signs and marketing flyers strewn across the dining room floor. Research your home’s market value and set a competitive listing price. Before you list your home on the market, you’ll need an idea of what your house is worth.