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Hit Them With Your Best Shot: How Much to Offer on a Short Sale

HomeLight

But what if it’s a different kind of sale … for example, how much should you offer on a short sale? Enter the short sale : a solution for the seller, and a special opportunity for a buyer. What’s a short sale? Short sales are unique because they require the approval of the seller’s lender.

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Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

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. I can do that from my phone.”

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Existing home sales fell in June while monthly median sales price spiked

Housing Wire

The good news is that the housing recession that was predicted by some economists has not materialized, noted Lisa Sturtevant, chief economist for Bright MLS. Meanwhile, individual investors or second-home buyers, who make up many cash sales, purchased 18% of homes in June, up from 15% in May and 16% the previous year.

Sales 303
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How to Make Money as a Real Estate Agent: 9 Strategies to Earn More

The Close

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. Learn the ins and outs of short sales and how they can be a lifeline for sellers to establish yourself as the expert support that distressed homeowners need.

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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

Further out, suburban areas begin to lose value as homebuilders continue to overbuild because new construction timelines are longer. Builders experience an increase in failed sales due to move-up purchasers not being able to sell their existing homes. Preforeclosure and short sales are more common.

Investor 101
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A 2023 Guide to Flipping Houses in California: 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. But not even they could have predicted the 20% increase in construction materials between January 2021 and 2022. Find a Buyer's Agent What is house flipping? Be patient! “I

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Miami Real Estate Luxury Home Sales Continue Surging 

Realty Biz

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.

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