Remove Construction Remove Due diligence Remove MLS Remove Real-estate owned
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Construction loan. Simply put, this measures the number of days a property is for sale, from the day it is listed on the multiple listing service (MLS) to the day a buyer and seller are under contract. Due diligence period. What if your clients are asking about their due diligence period? Contingency.

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Flipping Houses in New York: 5 Cities to Consider

HomeLight

When buying an REO ( real estate owned/lender-owned property ), the banks like to work with cash. Work with your real estate agent to evaluate rental listings and tap into the MLS. But not even they could have predicted the 20% increase in construction materials between January 2021 and 2022.