Keeping Current Matters

SEPTEMBER 7, 2021

If you’re thinking of making a move, here are four reasons to put your house up for sale sooner rather than later. According to the Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly – on average, they’re selling in just 17 days.

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Equity Days on market Mortgages Sales 259

Housing Wire

OCTOBER 24, 2022

And, there are fewer immediate sales. But it’s clear that the dramatic shift in the market is about more than just seasonal fluctuations. Given that we may see unseasonal inventory trends in the coming months, I now anticipate that we’ll end the year at around 490,000 homes for sale. The price of new listings is dropping.

Marketing 318

Marketing Mortgages Equity Days on market 318

Real Trends

DECEMBER 27, 2022

How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents. A sale is considered pending until the seller formally accepts an offer from a buyer. It should be reassuring for all real estate agents that not many home sales fall through.

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Sales Home sale contingency Pre-approval Inspection 60

HomeLight

JANUARY 22, 2024

Matt Megel , managing partner with CAZA Group , which sells homes 85% faster than the average Virginia agent, says that unlocking their home’s equity on a budget is one of the main drivers for homeowners wanting to sell their property “as is.” “One Skip repairs and close in as few as 10 days. Which types of homes are sold ‘as is’?

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As-is Inspection Equity Renovation 94

RIS Media

SEPTEMBER 24, 2021

One of the proven strategies of top-producing sales professionals is their ability to data-mine the upper echelon of their contacts rather than spend extra time, money and energy converting low-level leads. Go back to local sales within the past year and see what the average sales price was. The Bottom Line.

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Equity Agents Days on market Sales 98

Realty Biz

MAY 15, 2022

Real estate comps can be used to determine the value of a property, which can be helpful for a variety of purposes across the real estate spectrum, from buying and selling to investing and making housing market predictions. Let’s look at everything to know about comps in real estate sales. How Are Real Estate Comps Determined?

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Sales Agents MLS Equity 140

HomeLight

JANUARY 12, 2024

A lot of people don’t have the money — they’ve got equity in their home, but they have no way of accessing it,” says Eddie Crosslin , an agent with Crye-Leike Real Estate Services. Melinda is a top-selling agent in Tennesee who completes 18% more sales than the average agent in the state.

As-is 101

As-is Investor Residential Closing costs 101

Real Trends

AUGUST 30, 2022

Sellers, who have already seen substantial equity gains in recent years, will still hold the advantage in many markets.”. Fewer than 150,000 homes were sold across the nation’s 100 largest housing markets in July, the lowest monthly sales figure in 12 months and down 50.7% Top 10 Buyers’ Markets. The shift begins.

Marketing 65

Marketing Days on market Sales Equity 65

Real Trends

JANUARY 5, 2023

The 100 largest housing markets will remain neutral in the next few months, will inch toward sellers in spring and then strongly favor buyers by summer, a trend that will continue until the end of the year, according to Knock. Home sales are projected to decline by 16.3% Looking back at the housing market in 2022.

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Marketing Sales Equity Days on market 92

Real Trends

JULY 22, 2022

of homes for sale each week during the four-week period had a price drop, the largest share Redfin has recorded since it began tracking the metric in 2015. Additionally, the average sale-to-list price ratio was down from 102.2% Additionally, the average sale-to-list price ratio was down from 102.2% The report found that 7.3%

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Equity Sales Marketing As-is 103

Broke Agent Media

MAY 8, 2023

housing market are contending with low housing inventory and high mortgage rates. While up from a year ago, the supply of for-sale homes is still well under pre-pandemic levels, mainly because fewer sellers are choosing to list their homes (-21.3%) compared to April 2022. Buyers in the U.S. Also, while listing prices rose 2.5%

Marketing 52

Marketing Days on market Equity Sales 52

Marco Santarelli

JULY 1, 2023

Looking at recent sales, the median sold home price stands at $186.8K. The housing market in Limestone, TN has remained stable, with the median listing home price of $375K remaining flat year-over-year. The sale-to-list price ratio is 95.49%, indicating that homes sold for an average of 4.51% below the asking price in April 2023.

Days on market 52

Days on market Sales Equity Marketing 52

HomeLight

AUGUST 25, 2020

The overarching question, as you make your way down your pre-sale checklist , is likely something along the lines of: “How long is this going to take?”. home was on the market for an average of 24 days , with Ellie May estimating an average of 46 days to close on a purchase loan. Your sale could be different.

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Closing Pre-approval Inspection Days on market 120

HomeLight

AUGUST 20, 2021

The average closing costs for home sellers fall between 6% to 10% of the home’s sale price. For example, a seller’s closing costs for a median sale price of $280,000 would range between $16,800 to $28,000, depending on various sale factors. Some closing costs apply to nearly every home sale. of the sale price.

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Closing costs Closing Title search Title 109

HomeLight

JUNE 8, 2021

Alternatively, you could request a full cash offer through a platform like Simple Sale , slashing your closing timeline to 10 days or the move-out date of your choosing. Myles Daniel , a real estate investor in Greenville, SC, spoke with HomeLight about the types of challenges or situations that can require a fast sale.

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Short sale Agents Sales Days on market 109

Realty Biz

NOVEMBER 9, 2022

Many homes are listed for sale at a price below the assessed value, and many are sold for a price above the assessed value. When buying or selling a home, it's important not to confuse the property's assessed value with its fair market value. Knowing Your Home's True Market Value is Essential.

Agents 75

Agents Equity Mortgages Days on market 75

Real Trends

JANUARY 2, 2023

If the interest rates do drop and get closer to 5%, agents can expect a mini-boom in which the low rates will re-inspire housing demand significantly and boost overall sales. Agents can also expect to see longer “days on market” in 2023. No longer will your buyers be competing with 30 other offers.

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Seller concession Agents Mortgages Equity 99

HomeLight

APRIL 21, 2023

If you need to sell your house fast in Phoenix, whether you’ve inherited a house, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. The company has 4.6

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Closing Investor Staging Agents 92

HomeLight

JANUARY 18, 2023

If you’re like most homeowners, you’re eyeing the home equity market with caution – or flat-out worry. The housing market is cooling off quickly, and it could continue to spiral in the coming year. That means you’re probably concerned you’ll lose equity and are wondering how much value you might miss out on in the coming year.

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Equity Marketing Loans Principal 89

Windemere Buying

APRIL 11, 2022

Advocates of buying will contend that purchasing a home is an investment in equity, which can increase in value every year you live in the home, whereas if you rent a property, you’re essentially paying for someone else’s mortgage. What are the local real estate market conditions? Investigate the local sales and rental markets.

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Pre-approval Loan Officer Loans Property Management 52

The Close

DECEMBER 27, 2022

In any given moment, we can look to certain indicators to suggest what market stage an area may be in: Active housing inventory. Real estate sales by unit. This is because the market is still experiencing a feeding frenzy from buyers and investors looking to cash in on the appreciation from the previous cycle. Housing values.

Investor 91

Investor Staging Marketing Banks 91

HomeLight

JANUARY 3, 2023

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%.

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Purchase and sale agreement Inspection MLS Inspection contingency 102

HomeLight

APRIL 26, 2023

If you need to sell your house fast in Los Angeles, whether you’ve inherited a house, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. No showings, no repairs, no open houses.

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Agents Closing Sales Staging 83

HomeLight

APRIL 29, 2021

An ample supply (lots of homes for sale) and limited demand (fewer buyers) leads to a buyer’s market. Conversely, lack of supply (fewer homes for sale) and abundant demand (lots of buyers) results in a seller’s market. When you’re selling, the type of market you’re in makes all difference to your bottom line.

Marketing 109

Marketing Sales Agents Construction 109

Toronto Realty Blog

AUGUST 15, 2022

I think the phrase, “Don’t try to catch a falling knife” assumes far more risk in the equities market than the real estate market, but people will continue to use this phrase to describe both. It’s a way to re-start the “days on market” but more importantly, to get fresh eyes on the listing.

Agents 78

Agents Equity Marketing As-is 78

HomeLight

DECEMBER 1, 2020

Our transaction data at HomeLight shows that the median sale price of homes in Chattanooga increased from $177,000 to $228,500 from 2015-2019, marking nearly 30% home price gains in a short span. If you bought your Chattanooga home several years ago, you’ve likely built up sufficient equity to sell and make a good profit. 2020 alone.

Inspection 94

Inspection Agents Staging Renovation 94

Marco Santarelli

DECEMBER 28, 2021

In fact, the Pittsburgh housing market has seen the fewest number of homes actively listed for sale in 2021 The shortage of houses available for sale in Pittsburgh has led to higher demand and rising prices, especially in moderate-income neighborhoods. It considers the Pittsburgh housing market to only be somewhat competitive.

Marketing 98

Marketing Purchase and sale agreement Investor Technology 98

RIS Media

APRIL 22, 2021

March experienced a decline in existing-home sales—the second consecutive dip, according to the National Association of REALTORS® (NAR). Year-over-year, existing-home sales increased 12.3%; however, since last month, total existing-home sales decreased 3.7% For condos and co-ops, existing-home sales increased 1.4%

Sales 105

Sales Equity Days on market Construction 105

HomeLight

MARCH 29, 2023

With 300 days of sun a year, a walkable downtown, and an average sale price $22,000 higher in February of 2023 than 2022, the area is still a great market if you’re looking to sell your house fast in Denver. In this guide, we’ll review each option to help you decide which makes the most sense for your home sale.

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Sales Staging Investor Agents 91

HomeLight

DECEMBER 2, 2021

One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale? A short sale is an alternative to foreclosure in which the homeowner gets permission from the lender to sell the home for less than is owed.

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Short sale Sales Loans Banks 86

HomeLight

JANUARY 24, 2023

Let’s review what you need to consider before relocating for a job — and how working with top agents can help with both the sale of your current home and with finding a great new home in your new location. Research days on market The average days on market is another important factor to consider.

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Days on market Agents Sales Closing 98

HomeLight

DECEMBER 30, 2020

Complete these eight tasks before you hire an agent to start your home sale journey off right. Check your equity to evaluate if you’re ready to sell. Before you contact a real estate agent, check your equity to know where you stand with your mortgage. Home equity ($200,000). Source: (Vishwarajsinh Rana / Unsplash).

Agents 104

Agents Equity Staging Renovation 104

HomeLight

APRIL 14, 2023

If you need to sell your house fast in Miami, whether you’ve inherited a property, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent.

Sales 87

Sales Due diligence Agents Closing 87

The Close

SEPTEMBER 8, 2022

Current home sales in 2022 are the second highest tally since 2007, trailing only 2021. Real estate statistics like this one are a critical part of understanding the ever-changing real estate market and the industry at large. The median sales price for a home in the United States in 2022 has increased by 781% since 1980.

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Equity Agents Brokerage Closing 139

HomeLight

JULY 29, 2022

Our Home Value Estimator tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Start by understanding the market. It helps to know where the market is now and where it’s headed. In a buyer’s market.

Debt-to-income ratio 109

Debt-to-income ratio Loans Rent back Equity 109

HomeLight

DECEMBER 15, 2022

It takes just two minutes to match you with top-performing agents in your market. What to expect from the housing market in 2023. In the last few years, the housing market has featured dramatic price hikes and rapid home sales. The main effect is going to be that sales volume just declines.”. Find Agent.

Marketing 84

Marketing Mortgages Agents Equity 84

HomeLight

JULY 25, 2022

You can sell a home whenever you want, but expect financial consequences if you have little equity in it. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. How Much Is Your Home Worth Now? Get Estimate.

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Closing costs Equity Short sale Sales 92