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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. There is always a chance a sale might not go through, especially in today’s wild interest rate market. It’s often presented as a percentage of the fair market value.

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What Is Buying a Foreclosure Really Like? 5 Homeowners Spill the Tea

HomeLight

He knew the market and what the home could capture in terms of sales price once it had been fixed up. Know thyself” particularly applies when buying in the foreclosure market. As well, Fannie Mae was only giving them two days to overnight mail the earnest money deposit. A quick flip. An unexpected buy.