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November real estate news

Easy Agent Pro

Overnight, real estate agents became “short sale experts” during a time when few even knew what the term meant. Brush up on the foreclosure and short sale process by taking the classes (it’s actually a one-day session you can do online” leading to NAR’s short sale and foreclosure designation.

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Building a Guest House 101: Get Your Accessory Dwelling Unit Up and Running

HomeLight

Define your guest house’s purpose and basic design. With local laws in mind, set an intention for your guest house and consider how it’s purpose will influence design. If you’re tempted, custom design the space to fit your needs with higher quality appliances and chic furnishing. Or host a diverse turnover of Airbnb/VRBO guests?

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How Long Does a Short Sale Stay On Your Credit Report? Myth vs. Reality

HomeLight

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? Your agent will also ensure that all additional legal guidelines required in a short sale are followed.

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8 Signs That a Housing Recession Is Looming (And What to Do)

HomeLight

Government-issued economic bailouts are designed to save an industry, or its major player(s), from total collapse. Default doesn’t automatically mean foreclosure — preforeclosure and short sale transactions can offer relief — but when lots of borrowers have defaulted, it isn’t great news for the housing market.

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What Happens to a House in Probate? 3 Common Paths for Estate Property

HomeLight

“Any old Realtor might not have the experience or relationships with vendors who are willing to be paid from the proceeds of the sale and not immediately from when the work is done.” Your agent will be paid from the proceeds of the sale , just like in a traditional sale.

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Crossing the Divide

The Residential Specialist

Thompson compares the toughness of divorce listings to short sales. You need to know if they have the equity and the legal authority to complete the sale.”. In addition, state laws around community property can be complicated and affect each partner’s interest in the sale. says Stevens. How to avoid it. “I

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How to Increase Home Value for an Appraisal

HomeLight

Whether you’re thinking about selling your home, borrowing from your home equity, or canceling private mortgage insurance (PMI) , it’s worth considering how to increase home value for an appraisal. For example, any homes that were foreclosures or short sales may be considered bad comps. What decreases a home appraisal?

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