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The share of owner-occupants buying foreclosures has doubled — here’s why

Housing Wire

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. Department of Housing and Urban Development (HUD) in August 2022.

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How to Buy a House in San Diego: 14 Steps to Close the Sale

HomeLight

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well. Department of Housing and Urban Development (HUD) website to find the FHA loan limit in the county where you’re shopping for a home. Visit this link on the U.S.

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How Much Should You Sell Your House For? Insider Tips for Pricing it Right in 2022

HomeLight

You’ll get the estimated value of your home, the relevant parts of a comparative market analysis, a list of top local real estate agents, and an estimate on a cash offer through HomeLight’s Simple Sale platform. Work with a top agent to develop a strong pricing strategy. Back to that “location, location, location” mantra.

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Selling and Buying a House at the Same Time: How You Can Make it Work

HomeLight

“The logistics include timing the purchase and the sale, negotiating with both sides on moving or possession dates, and organizing belongings to get ready for the move,” said Mike Qui, owner of Good as Sold Home Buyers. Juggling the sale of one home and the purchase of another can be stressful even under the best of circumstances.

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Should I Sell My Current House Before I Buy a New One?

HomeLight

Our Home Value Estimator tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Financing is simple: You can use the cash from your sale as a sizeable down payment. Transition via rent back. Get Estimate.

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Find a Top-Performing, Trusted Realtor in 30 Minutes or Less

HomeLight

Top agent Dave Mattes , who completes 21% more sales than the average agent in Reading, Pennsylvania, thinks that “a good real estate agent is somebody that dedicates enough time to treat their customers well, and they have fast responses, market knowledge, and good communication.”. Do they have sales or listings pending?

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

HomeLight

They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs. 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.