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What Does ‘Under Contract’ Mean on a Home Listing?

HomeLight

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” In most cases, there are contingencies in the buyer’s offer that need to be cleared before the transaction is moved to the more solid “sale pending” status.

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What Is A Short Sale and Is It A Good Idea As A Buyer?

HomeLight

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale. How do short sales work?

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How to Sell a House by Owner in Colorado

HomeLight

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Real estate transfer taxes: 0.01%.

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How to Sell a House by Owner in California (2023 Updates)

HomeLight

The median price of a California home hit $777,500 in November 2022 , which is a 3% decrease from the previous month, a sign that higher interest rates are slowing the real estate market in California. Moreover, homes are sitting on the market for longer and inventory is increasing. Average time on market: 24 days (November 2022).

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Appraisal Definition: How Your Home Value is Determined and Why

HomeLight

MLS listings of the comparable properties. Any additional information the appraiser used in the appraisal process, including market sales data, public land records, or tax records. Appraisal for a lender-financed home sale. The appraisal values the property at $355,000 and the sale closes successfully.

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Should I Get an Online Quote to Sell My House?

HomeLight

If you are thinking about selling your home, those low-hassle, convenient, fast-sale pitches may pique your interest. You may be curious about getting an online quote for the sale of your home. These buyers will provide an online quote to purchase your home—often sight-unseen. Like you, they thought there had to be a catch.

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The 10-Step Plan My $1 Billion Team Uses to Find Homes for Desperate Buyers

The Close

Our persistence and strategy led to more than $1 billion in sales in 2021 and we’re on track to hit our goal of closing a thousand buyers in 2022. The secret is to get access to homes before there is a lot of competition for them through the MLS. Steve, Inside Sales Associate, The Reynolds Team Virginia. That’s simple.