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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 to Find Cheap Houses for Sale

Realty Biz

Check MLS Websites MLS platforms have some of the best bargains in the housing market. These websites include images and detailed descriptions of the houses for sale. Look at Short Sales or Foreclosures When the owner fails to pay their mortgage, the lender can take back the property and evict the occupants.

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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

You’re reading through a new MLS listing, and you believe you found your ideal home. Again, the timeline varies by state, but this typically begins three to six months after the first missed payment , according to the Department of Housing and Urban Development (HUD). Short sale. Pre-foreclosure.

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

HomeLight

As part of being a Realtor®, in some areas, this gives them access to the multiple listing service (MLS), which gives them access to more home listings. Also licensed state-by-state, brokers have at least two to five years of sales experience as a real estate agent under their belts and must pass the real estate broker exam for their state.

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This Is How To Profitably Find Houses To Flip In 2023

Kyle Handy

Others know that their property isn’t going to pass a house inspection. They want to sell their house without an MLS listing or an agent, so they list it on Zillow and wait for potential offers to come in. All you know is that another agent already tried to list the property on the MLS and failed.

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A 2023 Guide to Flipping Houses in Georgia: 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. Develop your budget A budget that takes into account all repairs, fees, and the unexpected is a key piece to successfully flipping a home.

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How to Buy a Preforeclosure Successfully: A 13-Step Beginner’s Guide

HomeLight

And that prospect can be tricky, as these homes aren’t as easy to find as a house that’s listed on the MLS because they’re not for sale. From the neighborhood to the school district to who built the house and the development, this is your opportunity to dig into your new digs and make sure it’s right for you.