Remove Construction Remove Days on market Remove Real-estate owned Remove Short sale
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Flipping Houses in New York: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. When buying an REO ( real estate owned/lender-owned property ), the banks like to work with cash. That limits your risk and your days on market.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Construction loan. A short-term loan that covers the cost to build a property until the owner can secure long-term financing. Real Estate Referral Fees: How They Work & Best Practices. Days on market (DOM). As a seller’s agent, you’re counting the days a listing is on the market.