Redfin

JULY 30, 2025

Without a clear plan in place, you risk overcommitting yourself or falling in love with a home that stretches your finances too thin. This is more than just pre-qualification: It shows a lender has already vetted your finances. In contrast, a buyer’s market may offer more flexibility and negotiating room.

Earnest money deposit

HomeLight

APRIL 21, 2022

Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. One solution might be a rent-back that would financially compensate a patient buyer if the seller needs more time to transition after the sale.

Inspection contingency

HomeLight

JULY 29, 2022

It helps to know where the market is now and where it’s headed. In a buyer’s market. In a buyer’s market , inventory exceeds demand, typically resulting in homes spending more days on market , and thus, resulting in pressure on the seller to reduce the price or offer concessions to incentivize a buyer. The upsides.

Debt-to-income ratio

HomeLight

DECEMBER 14, 2021

Q: What is your “days on market” average? A: The days on market is the number of days, on average, for the agent to sell a home. For great agents, this number is typically about half of the days on market for average agents. It could be the close date, repairs, or a rent back period.

Earnest money deposit

HomeLight

DECEMBER 14, 2021

Q: What is your “days on market” average? A: The days on market is the number of days, on average, for the agent to sell a home. For great agents, this number is typically about half of the days on market for average agents. It could be the close date, repairs, or a rent back period.

Earnest money deposit

HomeLight

APRIL 29, 2021

During the hot housing market between 2002 and 2007, average home prices jumped by 42% , according to data from the U.S. Federal Housing Financing Agency (FHFA). Sellers can expect to receive offers faster in a seller’s market than in a buyer’s market. Homes sell faster. You may receive multiple competing offers.

Marketing

HomeLight

MARCH 31, 2021

For example, if there are 1,500 homes for sale and 500 pending sale, the market would have a three-month supply of homes. How fast homes are selling: The marketing time, or ‘days on market’ metric, indicates how long a home sits on the market before a buyer and seller agree on a purchase contract.

Marketing