Due diligence MLS Short sale 
AAOA
MAY 5, 2025
So, its critical to do your due diligence. Short Sales: Short sales happen when a property is sold for less than the outstanding mortgage balance, typically with the lenders permission. Websites like theMultiple Listing Service (MLS)often list foreclosures, bank-owned properties, and short sales.
HomeLight
OCTOBER 5, 2020
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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The Close
FEBRUARY 19, 2025
Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? The simple answer is that a short sale is when a homeowner owes more for their home than its current market value and puts it up for sale. What Happens in a Real Estate Short Sale?
HomeLight
SEPTEMBER 30, 2020
The title’s been checked out, you can go inside the house and look at it and do all your due diligence. With the courthouse steps [auction], you literally do no due diligence.”. Another aspect of education is doing due diligence for the property you want to buy.
HomeLight
AUGUST 16, 2021
You can look for these homes on the multiple listing service (MLS) or on various auction sites. Most REOs are sold on the MLS,” explains Todd Miller, who worked in mortgage banking for over a decade, has purchased several REO homes, and now runs the personal finance website TightwadTodd.com. Finding REO homes: How the experts do it.
HomeLight
APRIL 30, 2021
Sales history and value adjustments over the years. Once the agent has done due diligence on the focal property, it’s time to widen the scope to see how it measures up to the surrounding homes. That involves looking at sales comps , which are similar homes that have recently sold in the area. Highlights and features (i.e,
HomeLight
MARCH 30, 2022
Investors are looking for a good deal, so be prepared to accept a lower price if you want a quick cash sale, cautions Colofranson. Investors who promote homes for sale or rent are often in the market to buy new investment properties. But proceed with caution and don’t sign any documents until you’ve done your due diligence.
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