Remove Equity Remove Marketing Remove Pre-qualification Remove Short sale
article thumbnail

Buying a Short Sale Property? Your Guide to Short Sale Requirements for Buyers

HomeLight

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. What’s a short sale?

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Buying REO Homes? Here’s What to Do — And What Not to Do — According to Experts

HomeLight

In the market for a “ real estate owned” property ? REOs for short, these kinds of sales expose buyers to a lot of potential risk. But they also provide a lot of opportunity for big return on investment, too — much bigger, and faster, than you might expect with many traditional sales.

Banks 104
article thumbnail

Sell Your House for Cash: For Some, the Convenience Can’t Be Beat

HomeLight

While that still happens in scenarios where a seller can’t afford repairs or is facing serious issues with a property, cash sales have expanded beyond the distressed homes market, as sellers benefit from new technologies, instant sale platforms , and a competitive housing environment that has increased the percentage of cash offers.