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Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes

HomeLight

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

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Need to sell your house fast? Here are 7 great options

Housing Wire

Most real estate agents deal with primary homeowners and homebuyers, so they may market an investment property to the wrong audience, delaying the sale. If it looks unkempt from the outside or the inside is cluttered and not staged, it could take longer, even if the layout and overall condition of the home are good.

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Foreclosed Properties: How to Buy One and Whether You Should

Realty Biz

Auctions were very intimidating, because you were often not allowed to see the properties up close, and you took the risk of what you might get, well, competing against professional, flippers, contractors, and other experts.” Finding properties in one of the stages of foreclosure is often as easy as looking through a simple Zillow search.

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

The Close

If the CMA is on point, the listing might benefit from home staging and improved curb appeal by cleaning up the front yard and painting. After you’ve staged the home and updated the curb appeal , write a new listing description and hire a professional photographer to take new real estate listing photos. Would that help?

Agents 77
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What’s behind the sharp decline in mortgage delinquencies?

Housing Wire

The delinquency rate should follow that downward path closely. The economic and job market rebound, coupled with the successful exits from forbearance for many homeowners, contributed to these declines, and particularly for those in later stages of delinquency. by the end of 2021, and likely dropping below 4% by the end of 2022.

Mortgages 477
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Will we start 2022 with all-time lows in housing inventory?

Housing Wire

We have had people on forbearance already sell their homes and move onto the next stage of their life in a new home. Even with the hottest economic and inflation rate of growth in decades, the 10-year yield hasn’t been close to even testing my high-level range, and I am not in the camp that rates are a sure lock to go higher in 2022.

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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

Therefore, in this article we will explore common real estate market cycles and the indicators you can look for to better understand which market stage your area is in. 8 Stages of Real Estate Market Cycles. While I generally agree with this, I break market cycles down into eight stages to make them easier to follow.