First Team Real Estate

MARCH 15, 2021

“Karen is an excellent commercial and residential agent and broker who is always conscientious regarding the needs of her clients. With over 70 experienced agents in residential, commercial, land sales, and investment properties, we are proud to be the trusted local brokerage, serving the needs of our communities.

Commercial

The Residential Specialist

DECEMBER 21, 2022

Experts who worked through The Great Recession of 2008 share how to handle tricky short-sale transactions. With its perfect storm of record-low property values and record-high unemployment, The Great Recession of 2008 triggered a rash of residential short sales. Short sales are not suited to all REALTORS ®.

Short sale

RIS Media

FEBRUARY 8, 2021

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. As COVID continued, we hosted a senior breakfast toward the end of the year in our office yard/parking lot, making sure it was safe and hygienic.

Short sale

Calculated Risk Real Estate

JUNE 7, 2024

In the first quarter of 2024, the total number of mortgaged residential properties with negative equity decreased by 2.1% Note the almost 7 years of declining mortgage debt as distressed sales (foreclosures and short sales) wiped out a significant amount of debt. trillion since the first quarter of 2023, a gain of 9.6%

Closing

Realty Biz

JULY 19, 2022

Many of these will be new investors that don’t have experience with the pre-foreclosures, short sales, and foreclosures, that occurred during the Great Recession. If the house is worth less than the outstanding loan, the seller has options, but a straightforward pre-foreclosure sale is seldom one of the options.

Purchase and sale agreement

Marco Santarelli

JUNE 12, 2021

Both the sales and prices of single-family homes are rising in double-digits in 2021. The Year-to-Date closed sales are up by 17.8%. It is simply the sum of all sale prices in a given time period but it is a strong indicator of the health of the real estate industry in a market. The closed sales surged by 84.9%

Marketing

Realty Biz

NOVEMBER 18, 2021

One of the few times that a lender will use a BPO instead of requiring an appraisal is for a short sale. Bank-owned property sale of a foreclosed property. BPOs are also commonly used by owners, buyers, and investors in these situations: Valuation for a short sale or foreclosure purchase. Property value estimate.

Short sale

HomeLight

JULY 31, 2022

This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit. Another benefit of VA loan assumption is lower closing fees. Home Loan program.

VA loan

Realty Biz

FEBRUARY 21, 2021

Miami Distressed Sales Stay Low, Reflecting Healthy Market Only 1.8% of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales, compared to 5.9% In 2009, distressed sales comprised 70% of Miami sales. of single-family home sales.

Sales

Realty Biz

MAY 22, 2022

A Short History of ARMs. Adjustable-rate mortgages were a significant contributing factor to the Great Recession foreclosures and short sales. Chances are that it will be close to the same as the ARM. People that couldn’t pay their mortgages were losing their homes to foreclosure and short sales.

Short sale

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. Sell 'As Is' With a Cash Offer.

As-is

Realty Biz

MARCH 21, 2023

Pending Sales and Showing Appointments Rise for Second Consecutive Month Total pending sales rose 16.9% Pending sales are an indicator of future sales, but it takes up to 40 days for pending transactions to close and not all pending sales end in deals. Short sales and REOs accounted for 0.1%

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. 9 Skills Agents Need to Work With Investors & Close 50-100 Deals a Year. Are short-term rentals popular in your town? Engage Your Sphere of Influence With Regular Communication.

Agents

Realty Biz

MAY 21, 2023

Miami Distressed Sales Remain Low, Reflecting Healthy Market Only 1.3% of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales, even with the figure in April 2022. In 2009, distressed sales comprised 70% of Miami sales.

Sales

Realty Biz

DECEMBER 26, 2022

billion of South Florida residential properties in 2022, up 34% from $5.1 Miami Distressed Sales Remain Low, Reflecting Healthy Market Only 1.7% of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales, compared to 0.8%

Sales

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. Maryland law requires sellers to disclose material facts about the property through the Maryland Residential Property Disclosure and Disclaimer Statement. Request Cash Offer.

As-is

HomeLight

DECEMBER 30, 2021

You’re so close to closing. The only thing that stands between you and a sale is the appraisal. A residential home appraiser’s job is to provide a professional opinion of your home’s value so the lender knows that the house is worth at least what the buyer asks to borrow for the purchase. You’re ready to move on.

Loans

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. North Carolina state law requires sellers to disclose material facts about the property through the Residential Property and Owners’ Association Disclosure Statement. Restaurants.

As-is

HomeLight

JANUARY 13, 2022

In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. So he knows all the twists and turns that can occur between an accepted offer and a closed sale. Settlement contingencies are similar to home sale contingencies. Zoning contingencies.

Backup offer

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

Realty Biz

SEPTEMBER 23, 2023

They provide services such as guiding buyers through the home buying process, offering expertise in the local market, and assisting with negotiation and closing. Negotiation and Closing Support Buyer agents are skilled negotiators who advocate on your behalf. What is your strategy for negotiation and closing?

Purchase and sale agreement

HomeLight

JULY 31, 2021

turn four walls and a roof into money in the bank, without the need for inconvenient showings, nail-biting appraisals , or a 50-day closing. Although it’s not as sure of a bet, you could also attract a regular residential buyer who has enough liquid assets to buy a house outright. If only there were a way to — poof!

Earnest money deposit

HomeLight

APRIL 30, 2021

In addition to square footage and the number of bedrooms and baths, a CMA will include any amenities the comparable properties have, such as a swimming pool, as well as any less-tangible factors such as whether a home is close to noisy streets. How hard is it for an agent to put together a CMA? CMAs vs. broker price opinions.

Marketing

Realty Biz

AUGUST 4, 2020

You’ll also be on your own when it comes to marketing to attract qualified buyers ready to make the best offer and close the deal in a short time. Short sales can be complicated. Short sales are complicated. Short sales are complicated. Sell to an investor.

Equity

RIS Media

MARCH 18, 2022

Existing-home sales fell by 7.2% in February, furthering the volatility pattern of the past few months in residential real estate, according to the National Association of REALTORS® (NAR) latest report. regions experienced lower month-over-month sales in February. Likewise, year-over-year sales were down a total of 2.4%

Sales

HomeLight

AUGUST 24, 2022

A cash offer can lead to a speedier and lower hassle sale. Let’s review some of the top reasons to work with a cash home buyer in Florida: Faster time to close. Imagine you list your home for sale and attract a buyer right away who is also willing to offer a top price. Pros of working with a Florida cash home buyer.

Purchase and sale agreement

Windemere Selling

NOVEMBER 8, 2021

They are specially trained to work with buyers through every step of the home-buyer process from mortgage to closing. A CPM® is specially trained to manage your residential or commercial property on your behalf. Accredited Buyers Representative® ( ABR® ): If you are a first time homebuyer you may want to find an ABR® designated agent.

Design

HomeLight

JANUARY 4, 2022

iBuyers then allow the seller to close in as little as 10 days but can also provide longer move-out timelines for those who need the flexibility. These people may offer close to full list price, since they aren’t trying to make a profit on the property,” he says. You want certainty of the deal closing. Why sell to an iBuyer?

Investor

Marco Santarelli

SEPTEMBER 21, 2021

The statewide data on residential homes from the 42 regional listing boards that comprise the Michigan Association of Realtors show that the average sales price increased 11.79 The total residential sales in the state recorded a decine of -18.12% year-over-year, from 15,696 to 12,852 sales. August 2019 was $43.

Marketing

Marco Santarelli

DECEMBER 20, 2020

Raise the cash to pay for these properties, because distressed sellers want to close on the deal as quickly as possible. Hiring a competent broker can help to close a deal as well as avoid paying far more than you should for an investment property. They may have several investment properties for sale that you can choose from.

Sales

Marco Santarelli

MAY 28, 2022

Let’s take a close look at the Virginia Beach real estate market trends and forecasts for 2019 & 2020 find out why it is still one of best places to invest in Virginia. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in April. Original Photo via Pixabay.

Marketing

HomeLight

FEBRUARY 26, 2021

You have 45 days to find and identify up to three properties you’re interested in purchasing, and a total of 180 days to close on the chosen property. “In In most states, the lease agreement will be transferred with the sale and the new owner can only make changes after the current lease has expired. “If Source: (Black Knight).

Purchase and sale agreement

HomeLight

JULY 31, 2021

Kram adds that unless you failed to disclose that the home was occupied by renters or had an agreement stating you would be responsible for getting them out before closing, the troublesome squatters will become the responsibility of new owners. Kram anticipates many landlords will seek to cash in on a very strong residential housing market.

Sales

Marco Santarelli

SEPTEMBER 24, 2021

This report provided by Scottsdale Area Association of REALTORS covers residential real estate activity (Condo/Townhouse/Apt., Pending Sales Volume was $5,206,991,018, up 51.1%. Closed Sales Count went down 3.7%, from 7,735 to 7,447. Closed Sales Volume was $3,799,675,110, up +19.2%. year-over-year.

Marketing

Marco Santarelli

SEPTEMBER 11, 2021

The median sales price increased by 11.9% and closed sales went up by 7.4%. Here’s how March 2020 compared to March 2019: Median Sales Price increased by 8.7%. Closed Sales increased by 4.2%. Inventory of Homes for Sale decreased by 23.8%. to $165,000. The total number of new listings went up by 6.7%

Marketing

Marco Santarelli

JULY 11, 2022

The improving economy and the approaching peak homebuying years of millennials are driving a residential housing boom. Fed policy has fewer repercussions for fixed mortgage rates, which track 10-year Treasury yields more closely. This is the lowest sales figure since June 2020, when the Covid epidemic was in its early stages.

Sales

Marco Santarelli

JULY 27, 2020

Let’s find out by taking a close look at the Sacramento real estate trends and predictions for 2020 & 2021. The new data show that sales in the last week were only about 5 percent lower than the same week last year. Data from the Sacrealtor.org shows that April closed with 1,013 sales, down 13.4%

Marketing