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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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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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Price Reduction in Real Estate: A 5-step Guide for Agents

The Close

If it’s not in the budget to hire a professional home stager, look into virtual home staging software that allows you to overlay the homes’ furnishings and decor with its built-in design options at an affordable price. Apply Design is an affordable, user-friendly app that allows anyone to stage their listings quickly.

Agents 80
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

A short-term loan that covers the cost to build a property until the owner can secure long-term financing. Simply put, this measures the number of days a property is for sale, from the day it is listed on the multiple listing service (MLS) to the day a buyer and seller are under contract. Construction loan. Contingency.

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Flipping Houses in Texas: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Financing your flip in Texas Purchasing a home to flip with cash is almost always going to be in your best interest — however, not all investors have that kind of funding.

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Selling a House ‘As Is’ in Wisconsin

HomeLight

MLS has field to mark a listing “as is”? If they filed any insurance claims for damage to the property in the last five years, or if the home is a designated historic building, they will need to disclose that information, as well. Average days on market for Wisconsin. 46 Days (from listing to contract). Disclosures. Exceptions.

As-is 101
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How do Foreclosure Auctions Work? How to Find Properties, Research, and Bid

HomeLight

With online foreclosure auctions, you submit your offer digitally during a designated day and time. They have access to MLS listings and can advise you on how to approach the auction — and this includes knowing what amount to spend. Figure out your financing. Online foreclosure auctions. Remember the days of bidding on eBay?