Housing Wire

MARCH 31, 2021

The NAR’s pending home sale index managed to fall below 100 in the Northeast (92.3) An index of 100 is equivalent to the level of pending sales in 2001. Although existing home sales dipped 6.6% in February, sales were still 9% higher than a year ago with just two months supply left to choose from. and West (96.9)

Sales 493

Sales Days on market Marketing Mortgages 493

Housing Wire

MAY 9, 2022

foreign buyers have always been less than 300,000 of total home sales for many years. When you think about our total home sales being between 5-6 million, foreign investment isn’t that much. The days on market grow, which gives people more choices and less forced bidding. Here in the U.S., Size also matters.

Short sale 527

Short sale Mortgages Equity Sales 527

Housing Wire

APRIL 22, 2024

You’ll want to include the list price, sale price, and days on market. Your neighbors at (address) just sold their property for (sale price). I’m sure you’ve seen the for sale sign in the yard at (address). This property is currently listed for (asking price) and came on the market on (listing date).

Brokerage 370

Brokerage Investor Agents Pre-approval 370

Housing Wire

DECEMBER 29, 2021

Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. However, not only did the U.S. These households got sub-3.5%

Marketing 530

Marketing Equity Construction Bankruptcy 530

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.

Sales 60

Sales Home sale contingency Pre-approval Inspection 60

HomeLight

MAY 8, 2024

As is” is a type of home sale where it’s understood that no improvements will be made to the property. An as-is sale may also indicate that the functionality and longevity of specific home components, such as the water heater or the roof, are in less than perfect condition and may need considerable repair.

As-is 88

As-is Inspection Finance Residential 88

HomeLight

JUNE 9, 2023

The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. Purchase mortgages today are taking over 40 days to close on average.

Home sale contingency 141

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 141

McKissock

JULY 23, 2021

According to USPAP, exposure time is the estimated length of time that the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal. Exposure time vs. marketing time. Interviews of market participants.

Marketing 99

Marketing Days on market Development Lending 99

HomeLight

JANUARY 22, 2024

This oftentimes will have to do with unique circumstances that don’t really lend themselves to renovating a property for sale. Sell 'As Is' With a Cash Offer in Virginia HomeLight’s Simple Sale platform will provide a no-obligation, all-cash offer for Virginia homes in almost any condition. Which types of homes are sold ‘as is’?

As-is 90

As-is Inspection Equity Renovation 90

Realty Biz

MARCH 13, 2024

This article explores the key factors home buyers need to know about the Maryland housing market this year. Getting Pre-Approved For A Mortgage In a seller’s market like Maryland, getting pre-approved for a mortgage loan should be one of the first steps for hopeful buyers. Other options are FHA loans requiring just 3.5%

Pre-approval 91

Pre-approval Marketing Inspection Closing costs 91

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.

Closing 120

Closing Pre-approval Inspection Days on market 120

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?

Sales 140

Sales Agents MLS Equity 140

HomeLight

DECEMBER 31, 2023

Fast facts about selling a house ‘as is’ in Arizona Median sales price in Arizona $430,990 Average days on market (DOM) for Arizona 56 Disclosures Arizona law requires sellers to disclose material facts about the property through the Residential Seller’s Property Disclosure Statement (SPDS) MLS has a field to mark a listing “as is”?

As-is 84

As-is Inspection Finance Loans 84

Housing Wire

JANUARY 12, 2022

This level, while historically still low, will mean the days on market will go higher, and this will give people choices. Here are two charts from the National Association of Realtors that will show that homes simply come off the market too fast to give housing a breather. However, sales shot right back up higher, quickly.

Days on market 536

Days on market Loans Mortgages Sales 536

HomeLight

NOVEMBER 9, 2021

The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). How it might take 12-75 days to sell your home. What do days on market mean? Direct Buyer (Simple Sale).

Purchase and sale agreement 86

Purchase and sale agreement Home sale contingency Title search Inspection 86

The Close

FEBRUARY 20, 2024

When supply exceeds demand, we see a buyer’s market. This phenomenon means there are fewer buyers than there are homes for sale. Competition is lower for a home, and the number of days on market increases for listings. A buyer’s market can be determined by calculating the months of inventory.

Marketing 91

Marketing Debt-to-income ratio MLS Pre-approval 91

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. Loan reconveyance fee.

Closing costs 108

Closing costs Closing Title search Title 108

Realtor.com

DECEMBER 1, 2022

High mortgage rates—which, as of Wednesday, hover at 6.58% for a 30-year fixed-rate loan—are a stark reminder that many buyers might still struggle on the affordability front. After the COVID-19 pandemic-fueled homebuying rush reduced the number of homes for sale to all-time lows, the inventory of housing has since rebounded.

Mortgages 120

Mortgages Seller concession Closing costs Sales 120

HomeLight

SEPTEMBER 21, 2020

When hiring an agent, military sellers should focus on a key stat in the agent’s track record: days on market (DOM). Every city has an average days on market which refers to how quickly properties go from active to under contract (i.e., Keep in mind, days on market is not the total time it takes to sell a home.

VA loan 109

VA loan Purchase and sale agreement Loans Agents 109

Redfin

SEPTEMBER 21, 2020

Housing markets that offer homebuyers more bang for their buck and are located outside of major cities—but within driving distance—are heating up, with relatively affordable places including El Dorado County, CA and Camden County, NJ rising in popularity as house hunters take advantage of remote work and record-low interest rates.

Days on market 68

Days on market FHA loan Loans Sales 68

Realtor.com

FEBRUARY 3, 2023

The average interest rate for a 30-year fixed-rate home loan fell to 6.09% for the week ending Feb. Meanwhile, the number of homes for sale is soaring, flying 71% higher for the week ending Jan. Getty Images Mortgage rates have dropped yet again—could this spell an opportunity for homebuyers? 2, according to Freddie Mac.

Mortgages 91

Mortgages Sales Marketing Loans 91

Realty Biz

MARCH 22, 2022

There is one way that has caught on to make the seller feel more confident the appraisal will not screw up the sale. Doing so will satisfy the lender and allow the sale to proceed. Nearly all lenders will request an appraisal during the mortgage loan process. The days on market for homes have been minimal.

Purchase and sale agreement 110

Purchase and sale agreement Finance Lending Mortgages 110

HomeLight

MARCH 18, 2022

However, you aren’t the first seller to need a housing market express lane , and you do have options to improve your shot at a quick sale. Here’s an in-depth look at how you can sell your house in as few as 7 days. Selling your house for cash is a creative way to land a quick sale. Compare against an open market sale.

Inspection 98

Inspection Investor Sales Agents 98

HomeLight

JANUARY 28, 2022

But judging by the importance levied on house comps, comparable sales may be the most important thing in real estate pricing. In real estate, “comps” is a slang term for comparable sales, meaning the sales price of similar properties within a close distance. Lenders use valuations as a basis for home loan terms.

MLS 99

MLS Agents Sales Title 99

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%.

Purchase and sale agreement 99

Purchase and sale agreement Inspection MLS Inspection contingency 99

The Close

APRIL 30, 2024

The primary indicator is obvious: The house just sits on the market while everything around it is flying off the shelves. You must evaluate if a price reduction is necessary by looking at the absorption rate and the average days on market (DOM) for that location. But it’s critical to dig deeper.

Agents 77

Agents Short sale Staging Sales 77

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.

Short sale 109

Short sale Agents Sales Days on market 109

Windemere Buying

APRIL 11, 2022

What are the local real estate market conditions? Investigate the local sales and rental markets. Industry groups put out reports every quarter stating the average national sales price for a home and the average monthly payment for a rental. These reports are typically based on an average of all the cities in the U.S.

Pre-approval 52

Pre-approval Loan Officer Loans Property Management 52

Realty Biz

AUGUST 4, 2022

I imagine people might be afraid of rising mortgage rates, frustrated by lack of inventory, confused about contingencies, and discouraged by days on market. For example, a sound pricing strategy in today’s market is the practice of choosing relevant sales as far back as 12 months ago. This can be scary for buyers!

Marketing 87

Marketing Staging Days on market Finance 87

Realty Biz

JULY 25, 2022

This is happening at the same time my loan application was pre-approved. In a balanced market, the listing price is just the starting point for what a reasonable seller should expect the final price to be. Also, you want to know specifically how long the house that you are about to make an offer on has been on the market.

Pre-approval 74

Pre-approval Inspection Agents Sales 74

Hank Miller Team

JULY 12, 2023

However, personal spending remains high and debt is piling up a record levels; the average car payment is pushing $750/mo before insurance, and that's for a 72 mo loan. Fewer buyers, fewer contract and sales. The market is balancing and that is due to interest rates. Closed sales down 27.4 Pending sales down 21.2

Marketing 40

Marketing New Construction Land Mortgages 40

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

HomeLight

JANUARY 27, 2021

So understand that unless you’ve been earning 1099 income for more than two years, it may not help you qualify for a home loan. Some loans, like VA or USDA loans, even allow you to put 0% down. and 1% of your loan amount, annually. And with most loans, you can drop mortgage insurance when you reach 20% equity.

Closing costs 117

Closing costs Loans Inspection Earnest money deposit 117

RIS Media

JULY 21, 2021

.” Rocket Homes provides users with Housing Market Reports —insights that deliver data in an easy-to-consume format, including median list price compared to nearby cities, monthly analysis of number of homes for sale by bedroom count and year-over-year comparison of average days on market.

Technology 98

Technology Development Days on market Mortgages 98

HomeLight

MARCH 28, 2022

We partner with 28,000 agents in our nationwide network to find the highest rated agents that know your market. HomeLight’s matching algorithm accounts for factors like: the agent’s sale to list price ratio. average days on market ( DOM ) to show how fast they’ve sold homes like yours. market your property.

Agents 89

Agents MLS Finance Sales 89

HomeLight

JULY 12, 2022

With cash in hand, you can then purchase your new home without a sale contingency, which strengthens your offer. HomeLight’s Simple Sale platform allows you to maximize the value of a quick home sale. As with any home sale, purchase price depends on numerous factors, such as: The home’s – and the lot – size.

Investor 98

Investor House Flipping Agents Sales 98

HomeLight

JANUARY 24, 2023

Perhaps you need a fast home sale to start a new job in San Antonio, Charlotte, or Phoenix. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer within a week and close in as little as 10 days. They usually present a take-it-or-leave-it sale price.

Purchase and sale agreement 85

Purchase and sale agreement Closing costs Closing Agents 85