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Navigating Bidding Wars During a Hot Real Estate Market

RIS Media

As the real estate market continues its hot streak, homes are selling faster and receiving more offers than ever before. But if your market is like Bolin’s, where a home can sell within a day of being listed, then you may have to explore some even more proactive options to find your client a home. Finding Homes for Your Clients.

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Are HUD Homes a Good Deal? How to Tell If the Properties Are a Fit

HomeLight

You may also experience less competition from other owner-occupant buyers for HUD Homes than in the traditional real estate market. The forfeiture of earnest money deposits document means that HUD can retain your 5% deposit if you do not fulfill your end of the sales contract for some reason not already outlined in the contract.

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How Long Does a Seller Have to Respond to an Offer?

Redfin

They received multiple offers In competitive housing markets , sellers can get multiple offers in a single weekend. Strong earnest money deposit: A higher deposit signals you’re serious and financially committed; giving sellers more peace of mind. A long escrow period can be a turn-off.

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How to Sell your Home for Cash: The Process!

CT Homes

In many markets property values have taken off to levels not seen in well over a decade. Depending on your financial situation and the growth of your market it may be a great time to explore cashing out and selling your home. Even if the market is in demand, buyers are not going to just recklessly submit an offer.

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Fighting Against Real Estate Fraud

The Residential Specialist

But in challenging markets with low inventory and high interest rates, it pays to stay wary. In her market, doing business with people you don’t meet face-to-face is common. She also personally experienced an attempt to pull a bait-and-switch with deposits. Everything looked completely legitimate.

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How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

If the whole house has been renovated recently and the seller wants full market value, they’re typically better off working with an agent.”. Step 2: Research your local cash buyer market. This can save you time and money —a study we conducted found that on average, homeowners spend nearly $5,500 prepping their home for the market.

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What to Know About Buying a Home For The First Time

Rochester Real Estate

After the chaos of the pandemic and a booming seller’s market, 2023 might be a better time to buy a house. A pre-approval letter must be included, and proof of funds can also help in a seller’s market. If your offer is accepted, you will sign a purchase agreement and pay an earnest money deposit.