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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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3 Different Types of Real Estate Agents (And 7 Subtypes), Explained

HomeLight

For example, are you aware that Realtors® can have special designations that indicate they have been certified in a specific type of transaction? Brokers and agents do not have official certifications, but they often have designations that determine how they work. Spoiler: They aren’t all describing the same thing.). The subtypes.

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Buying a House Online? How to Get it Done in 15 Steps

HomeLight

Local agents also know the housing stock in the area — including which builders built which local developments, the common issues in their homes over time, or the most desirable new areas. When it’s time for the inspection, they’ll reassure you that a damp basement is normal for the town, or tell you to get it checked out by a professional.

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The 5 Best Real Estate Continuing Education Providers for Realtors

The Close

Free webinars: After your continuing education is fulfilled for the year, Mbition students still have access to free career webinars designed to assist in your professional growth and industry knowledge. Course name: Short Sales and Foreclosures. Can’t-miss Continuing Education Class With Mbition. Credit hours: 4.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

.” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection.

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Can Realtor Fees Be Negotiated? Here’s What Homebuyers Need to Know

HomeLight

Regardless of whether an individual’s professional designation is a licensed real estate agent or a Realtor® (a Realtor® is a licensed agent who is a member of the National Association of Realtors ), most agents are paid through commissions, which are a percentage of a home’s sales price. Attend home inspections.

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Selling a House ‘As Is’ in North Carolina

HomeLight

Any known flood hazard or if the property is located in a federally-designated flood hazard area. Considering 80% of Americans say they would prefer to buy a move-in-ready home, an “as is” sale likely has a reduced buyer pool from the start. Consider a pre-listing inspection. Main home systems. Limited buyer pool.

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