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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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How Do I Find an REO Buyer’s Agent Who Knows Bank-Owned Home Sales?

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In a normal home sale, if the home inspection finds issues, you can negotiate with the seller. But with an REO sale, you generally won’t get an additional discount on the price or to ask for repairs. If you know someone who’s bought a foreclosure, short sale, or REO property, talk to them first.

Banks 98
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3 Different Types of Real Estate Agents (And 7 Subtypes), Explained

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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. Perhaps a foreclosure or short sale? The subtypes.

Agents 103
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What Happens to a House in Probate? 3 Common Paths for Estate Property

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This process varies from state to state but generally follows the same steps: the executor partners up with a top real estate agent to handle the transaction, orders a home inspection , and then the house goes on the open market like a traditional home sale to bring a buyer to the table.

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How do Foreclosure Auctions Work? How to Find Properties, Research, and Bid

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With online foreclosure auctions, you submit your offer digitally during a designated day and time. You’re not spending any money into it until after you’re under contract and based on your inspection.”. Unlike live auctions, many auction websites charge a fee on top of the sale price. “If Online foreclosure auctions.

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Selling a House ‘As Is’ in Maryland

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If the home is part of a designated historic district. Even in the case of an as-is sale, you are still required to provide a list of latent defects to prospective buyers. Consider a pre-listing inspection. So once you do that inspection, you must disclose all of that.”. Home location considerations. Limited buyer pool.

As-is 114
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Buying a House Online? How to Get it Done in 15 Steps

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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. Step 9: Order an inspection. Even if your offer included a promise to not request repairs after an inspection, you should still get one, if only for informational purposes.