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Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle?

Housing Wire

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Most of the renovated foreclosure resales came from local community developers like McCormick who sell a handful of renovated foreclosures a year in communities they care about. “I

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Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. An offer has been accepted, and the sale is expected to close.

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20 Home Search Apps that Aim to Help You Close the Deal

HomeLight

It’s time for you to buy a house, and between the financial questions (how much will you need for closing costs? and the questions about how to even find a house (do you have to wait until it’s been listed on the MLS, or is there a better way?) — you’re already overwhelmed. what’s considered “overpaying” on a house?) Realtor.com.

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How to prepare a comparative market analysis (CMA) report

Housing Wire

Sellers would be able to carefully review comparable properties on the market as well as those that have successfully closed. Focus on properties that closed with reasonable terms and within a reasonable number of days on market. These may include local real estate listings, county property records, and MLS databases.

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Will a House With an Offer On It Be Removed From the MLS? Agents Explain How It Works

HomeLight

One term you’ll likely hear often during the homebuying process is “MLS,” which stands for multiple listing service. The MLS is a real estate database of all the homes in your area that are currently for sale, pending sale, or have recently been sold, and so much more. Will a house with an offer on it be removed from the MLS?

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11 Homeselling Myths, Debunked

The Close

After all, a new listing on the MLS gets the most attention in the first week. Selling a home is the same—it’s not just a sign in the yard and a posting on the MLS. Investments & Improvements Myth #6: Major Renovations Guarantee a Return on Investment Home tastes and styles change. Then interest starts to taper off.

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How 2020 exposed a greater need for collaboration between real estate agents and LOs

Housing Wire

Vance Loiselle: In the 20th century, the primary technology innovations in real estate were the telephone and the MLS. This has heightened the need for digital tools for marketing, viewing, financing and closing on home purchases. The post-close nurturing process is woefully lacking and can be digitized. How do I find a doctor?