HomeLight

SEPTEMBER 6, 2022

Because, there’s a lot of uncertainty surrounding a short sale, a homeowner might reach out to the real estate agent who originally sold them their home. But that may not be the best choice because even if the whole experience was positive, you’re not going to get the same help that a short sales Realtor® can provide.

Short sale

HomeLight

JULY 31, 2020

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale.

Short sale

HomeLight

AUGUST 16, 2021

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.

Short sale

HomeLight

OCTOBER 5, 2020

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.

Short sale

HomeLight

OCTOBER 11, 2021

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?

Short sale

HomeLight

MARCH 30, 2021

You may have heard a little bit about short sales — enough to know that this type of real estate listing can present some opportunities to get a good deal. But while short sales offer potential opportunities , they come with plenty of potential pitfalls as well. Know if a short sale is the best option for you.

Short sale

Housing Wire

SEPTEMBER 28, 2023

Loan modifications, deeds in lieu and short sales have now become the preferred path to addressing defaults, although none of them are 100% effective. The next major change in the default landscape is the way those who hold the loans, the lenders, are reacting to default. There are numerous options available for scalable solutions.

Industrial

HomeLight

JULY 6, 2023

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.

MLS

The Close

FEBRUARY 19, 2025

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? The simple answer is that a short sale is when a homeowner owes more for their home than its current market value and puts it up for sale. What Happens in a Real Estate Short Sale?

Short sale

Point2Homes

DECEMBER 8, 2020

However, before the sale can go to closing, certain contingencies must be met. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. Short Sale. Short sales occur when the seller will accept a lower amount than is remaining on their home loan.

Purchase and sale agreement

HomeLight

JUNE 30, 2024

This site, owned by the National Association of Realtors , aggregates listings from multiple sources, including the Multiple Listing Service (MLS). Each listing includes essential details like photos, descriptions, and contact information for agents or banks handling the sale.

Short sale

HomeLight

MARCH 19, 2022

Your Realtor® will be able to help explain different non-monetary contract terms that might help sweeten a deal, including: A closing date that aligns with your timeline. They do this by: Researching outlier comps to include or exclude (Foreclosures, short sales, etc.). Close the deal and celebrate the collective win.

Closing

Realty Biz

NOVEMBER 18, 2021

Most BPOs also provide information about 3 comparable property sales and 3 comparable listings. The broker will look up the properties on MLS to determine when the properties were recently sold and for how much. One of the few times that a lender will use a BPO instead of requiring an appraisal is for a short sale.

Short sale

Realty Biz

MAY 8, 2023

Investing in real estate is not as simple as going to the MLS and finding what you want, as competition for housing is fierce in many cities. Non-market decision The Multiple Listing Service (MLS) does not list all properties for sale. MLS listing must be consulted. You may see features marked "Coming Soon" in the MLS.

Marketing

Realty Biz

FEBRUARY 21, 2021

Miami-Dade County total home sales posted a double-digit increase for the fifth consecutive month in January 2021 as pent-up demand and record-low mortgage rates continue fueling transactions, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Miami single-family home sales rose 9.1%

Sales

HomeLight

AUGUST 16, 2021

You can look for these homes on the multiple listing service (MLS) or on various auction sites. Most REOs are sold on the MLS,” explains Todd Miller, who worked in mortgage banking for over a decade, has purchased several REO homes, and now runs the personal finance website TightwadTodd.com. Finding REO homes: How the experts do it.

Banks

HomeLight

JULY 27, 2021

During the era of the foreclosure market and short sale market, which was in 2008, the price points for the homes were pretty low,” she says. Here are just a handful of what agents’ duties are for each home sale: Search the MLS. Help buyers at the closing table. Robinson says she’s been in this situation.

Purchase and sale agreement

HomeLight

APRIL 30, 2021

The agent searches the Multiple Listing Service (MLS) for current and previous listings over the past three to six months , depending on market conditions. They’re looking for how long homes like yours took to sell and the difference between their list prices and their sale prices. These properties are known as “comps.”

Marketing

Realty Biz

MARCH 21, 2023

Miami-Dade $1-million-and-up transactions surged triple digits versus pre-pandemic 2019 transactions as total pending home sales and showing appointments rose again for the second consecutive month, according to February 2023 statistics released today by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) systems.

Sales

Realty Biz

MAY 21, 2023

Miami-Dade County $1 million+ luxury home sales continued outperforming pre-pandemic levels as total median sale prices rose once again as the market leads the nation in real estate appreciation, according to April 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Sales

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure. MLS has field to mark a listing “as is”?

As-is

HomeLight

DECEMBER 9, 2021

There are countdown apps for almost every life event, but why hasn’t someone made an app to count down the days until we close on a home sale ? What is a quick home sale? First thing’s first, a quick home sale should not be confused with a short sale. At least that’s how it feels anyway! Kathryn Townsend.

Sales

HomeLight

MARCH 30, 2022

Whether you’re an investor looking for a speedy sale so you can move on to your next deal or a homeowner trying to unload a property quickly to avoid financial strain, you’re in search of real estate cash buyers to purchase your house without a lengthy or uncertain process. Reduce the time it takes to close your sale.

Sales

Marco Santarelli

DECEMBER 20, 2020

Once the property hits the MLS, you’re going to be in a bidding war with others considering buying the same property. Raise the cash to pay for these properties, because distressed sellers want to close on the deal as quickly as possible. When you search a site like realtor.com, you’ll be searching the MLS.

Sales

Realty Biz

DECEMBER 26, 2022

Miami-Dade County real estate has already posted the 4th best total home sales year ever and with another calendar month to go, it is poised to end 2022 as its second-biggest sales year ever, according to November 2022 statistics from the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Sales

The Close

DECEMBER 19, 2022

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. The company links with an agent’s MLS to provide an up-to-date list of all the expireds and FSBO listings in your area, along with the property owners’ names and telephone numbers. Related Articles.

Agents

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. MLS has field to mark a listing “as is”? Real estate attorneys are considered essential for closing in the state of North Carolina. Sell 'As Is' With a Cash Offer.

As-is

HomeLight

DECEMBER 29, 2023

Fast facts about selling a house ‘as is’ in Minnesota Median sales price in Minnesota $334,900 Average days on market (DOM) for Minnesota 32 days Disclosures Minnesota law requires sellers to disclose material facts about the property through the Minnesota Seller’s Property Disclosure Statement. Yes Is a real estate attorney required?

As-is

HomeLight

MAY 23, 2022

“Either there are a couple of issues with the house that they want to disclose but not necessarily repair or they’re selling a house as part of an estate sale and don’t know a lot about it.”. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. MLS has field to mark a listing “as is”?

As-is

HomeLight

APRIL 29, 2022

An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. MLS has field to mark a listing “as is”?

As-is

HomeLight

SEPTEMBER 1, 2020

You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”. Ask your agent to find you bank-owned or REO homes on the MLS (multiple listing service) that meet your specifications. Step 14: Closing time! Source: Judy Grayson / Unsplash).

Banks

The Close

APRIL 30, 2024

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

HomeLight

MAY 10, 2021

But practically… you may very well find a buyer’s agent is a huge advantage, if not absolutely essential to closing a deal. Standing by for any necessary advice and support at the closing table. Most people will find that working with a buyer’s agent is a huge advantage, if not essential, in closing the best deal.

Agents

HomeLight

APRIL 30, 2021

At least five pending properties: Homes that are under contract but have not yet closed. At least five sold properties: Homes that have recently closed. How close do the comps need to be? In addition, an agent’s seamless access to MLS data helps them get a complete picture with all the necessary information more efficiently.

Agents

HomeLight

MAY 19, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. MLS has field to mark a listing “as is”? Real estate attorneys are not considered essential for closing in the state of Maryland. Sell 'As Is' With a Cash Offer.

As-is

Windemere Buying

AUGUST 16, 2023

Effective Listener: While your agent can’t read your mind, they should be able to make educated recommendations and offer advice by listening closely to your needs. This will equip your agent with everything they need to help find you the perfect home as they explore the Multiple Listing Service (MLS) for available listings.

Agents

HomeLight

JANUARY 3, 2022

Sellers then pick a move date, and can often close in as little as two weeks. However, there still are some contingencies to clear before they can close, such as the home inspection , the home appraisal , and the buyer’s lender approving their mortgage. The closing from start to finish was three and a half weeks, which is great for me.

Agents