Staying After Selling: What to Know About Use and Occupancy Agreements

HomeLight

As excited as you are about the prospect of a successful sale, you’re hesitant to sign a contract without knowing you’ll have somewhere to go. Enter the use and occupancy agreement. This often occurs when the seller has listed their current house before purchasing the next one.

Short Sale Closing Costs: What Buyers Should Know

HomeLight

Unexpected setbacks and misfortunes happen, whether that stems from a dramatic housing market downturn, getting laid off, or any other wrenches that life (or a worldwide pandemic) throws into your plans. Short sales operate according to the lender’s approval, requirements, and timeline.

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Oklahoma City Real Estate Market & Investment Overview

Norada Real Estate

Market Forecast is an estimate based on data from multiple sources. Texas gets attention as the home to several of the fastest-growing and appreciating markets in the country. Oklahoma is one of the hottest housing markets in the nation. markets are all in the United States.

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. How do short sales work? Since short sales are complex deals with multiple parties, lenders typically only approve short sales when foreclosure is unavoidable.

7 Real Estate Economic Experts Share 2021 Housing Market Predictions

HomeLight

Nobody could expect the coronavirus pandemic moving into 2020, and making predictions about what the housing market will bring in 2021 feels equally nebulous. Making 2021 housing market predictions isn’t easy in this environment, but we’ll do our best anyway.

6 Options to Consider When Selling and Buying a Home in a Seller’s Market

Redfin

Homeowners in a seller’s market face a conundrum. You can expect high prices in a competitive housing market where homes are selling in record time. Here are six options to consider when deciding on selling and buying in a seller’s market.

Compass is Guaranteed Rate’s latest dance partner

Housing Wire

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. After a relatively slow start, Guaranteed Rate Affinity took off in 2020 – its equity earnings jumped to $126 million compared to $15 million a year earlier, according to Realogy’s public filings.

How To Invest In Real Estate With Little Or No Money?

Norada Real Estate

Investing in real estate refers to any property owned solely for the purpose of generating profit, either through rental income or through market value appreciation. Purchase Money Mortgage/Seller Financing. The excess rental fee will then be channeled towards the purchase price.

8 Tips for Selling a Rental Property: Navigating Taxes and Tenants

HomeLight

Shortly after, a pandemic-driven housing market boom encouraged him to unload an additional two rentals while prices were hot. “My When you go to sell a house you’ve used as your main residence, the upside you make from that sale is usually tax-free.

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

HomeLight

She was drawn to foreclosures because, “For me, having a house that has equity has always been important. Many homebuyers like buying and knowing that they have immediate equity, above and beyond the down payment, in the house. Why might you be interested in buying a foreclosure?

Rent-to-Own: A Creative Way to Get Into a Million-Dollar Home

HomeLight

With rent-to-own homes , you get to try the home on for size while holding the door open to purchasing the home later. This method of buying a home can be more complicated than a straightforward home purchase, and it’s not a widely used technique.

What Is a Co-op and Is It Right for Me? Here’s Everything You Need to Know

HomeLight

You’ve finally decided to purchase your first home and you have your sights set on a place in the city! Market-rate: One of the more common types of co-op, the buying and selling of these units are just like any other property. Source: (LinkedIn Sales Solutions / Unsplash).

Is It a Good Time to Sell a House, As Home Prices Would Suggest?

HomeLight

A report from CoreLogic recently revealed that homeowners enjoyed an average annual equity gain of $17,000 in Q3 2020, pushing equity levels to record heights nationwide. Purchase demand: Will you find a buyer? Purchase demand has reached an all-time high. Go off-market.

Do Real Estate Developers Make a Lot of Money?

Realty Biz

The appeal of real estate development is the potential for higher operating profits during ownership and larger capital gains upon sale. In a major metro market like southern California, it can take a couple of million dollars to complete the project. Composes agreements.

The Top 9 Contingencies to Consider in Your Offer When Buying a Home

Redfin

When you purchase a house that ends up in need of a major repair, you could take a significant financial hit. The inspection contingency can protect you from purchasing a poor property investment because it allows you to back out of the deal if a major issue is discovered.

Inheriting A House: The Challenges of Selling

CT Homes

If you don’t make improvements, your buyer pool will be limited, and it will be reflected in your sales price. Many buyers don’t have the desire or financial wherewithal to throw money into a new home purchase. The second is to find a quick sale and take the first halfway decent offer.

Summer real estate blog topics every agent should consider

Easy Agent Pro

Topic: “3 Things you Must Know about Selling your [name of your market] Home this Summer”. Sure, the nation is in a hot sellers’ market right now, but what is your local market like? Days on the market down significantly? Which venues are open in your market?

Inheriting A House: The Challenges of Selling

CT Homes

Here are the four biggest challenges to selling an inherited property with deferred maintenance: Limited Capital High Carrying Costs Selling a Fixer-Upper Lack of Local Market Knowledge. Many buyers don’t have the desire or financial wherewithal to throw money into a new home purchase.

Looking to be a Landlord? 6 Ways to Invest in Rental Property

HomeLight

While these kinds of investments can be high-risk, especially if you don’t know what you’re doing, a qualified real estate professional will help you understand the rental market and show you how to get the best return on your investment. Entering into these agreements can be risky.

Is Renting Worth It? Debunking Some Common Myths

HomeLight

When you purchase a home using a mortgage, you’ll have to meet the lender’s debt-to-income — or DTI — requirements. Most homebuyers need to put something down to purchase a home. If we take the median sale price of $341,600 for all U.S. Mortgage payments add to your equity.

Should You Start Saving for a Down Payment or Continue Renting?

Point2Homes

Number crunching and prospecting the market play an essential role, but they’re not the only factors that your decision should hinge on. To tap into the equity, you need to sell your home. Image: kitzcorner / Shutterstock.com.

1031 Exchange Rules For Investors: How To Do A 1031 Exchange In 2020?

Norada Real Estate

But with a 1031 exchange , you get to defer paying those taxes if you reinvest the proceeds in a new property, making an “exchange” rather than a sale. This means the taxpayer doesn't receive the money from the sale of the first property. Ideally, you'd have begun the purchase process.

Ask RK: 3 strategies to create a tax-deductible mortgage in Canada

Zolo

Logically, then, wouldn’t it make sense to take out the mortgage on the rental property, use the rental income to pay down the mortgage and use the loan as a down payment (or a cash purchase) on your principal residence? Continue to get a mortgage to purchase your principal residence.

Why Making a High Offer to Beat Out the Competition Can Backfire

RIS Media

If you agree to a sale price that’s less than the appraised value, you’ll have to pay the difference out of pocket. If the purchase agreement contains an appraisal contingency, the seller may have to negotiate with you to get the sale price within a specific percentage of the appraised value.

Buyers: Here’s Your Negotiation Strategy for When the Appraisal on a House Comes in Low

HomeLight

There are many reasons why the appraisal can come in low; one cause may be a shifting market. “It’s It’s good to understand the market of the moment,” says Madison-based real estate agent Lynn Holley , who works with 72% more single-family homes than the average agent in Madison.

19 Reasons Why You Should Invest in Real Estate Today

HomeLight

Compare this to investing in stocks where, if the market crashes, it is possible that something you paid $500 for could suddenly be worth $0. You build equity in your real estate investments. If you invest in actual houses, your equity in the home should increase the longer you own it.

The Top 12 Real Estate Objections Post-2020: Free Scripts for (Almost) Every Situation

Lab Coat Agents

But with local markets and homebuying preferences shifting at lightning speed, how do you memorize objection-proof replies to hundreds of different responses? The “Not On The Market” Objection: Responding to leads who have already made up their minds.

How Does Reverse Mortgage Work And Why Is It Beneficial For You

Realty Biz

Borrowers can cash off their equity and pay for their mortgages or other expenses this way. In traditional mortgage plans, a person takes out a loan to purchase a home, then repays the loan over time. Owning a home gives the homeowner liquidity by taking away equity.

The Pros and Cons of Making an All-Cash Offer on A House

HomeLight

Real estate purchases made entirely with cash are rumored to create big benefits for homebuyers. With the help of Brad Graves , a top real estate agent in San Antonio, Texas , and some recent national home purchase data, we’ll examine the pros and cons of all-cash offers.

@properties Launches National Franchise Program

RIS Media

Chicago-based @properties announced that it is launching a national franchise brand to offer broker/owners and agents access to the firm’s technology, marketing, training and business-development systems that have made it one of the top 10 brokerage firms in the country as an independent.

Best Real Estate Websites For Buyers And Sellers In 2020

Norada Real Estate

Realtor.com® offers a comprehensive list of for-sale properties, as well as the information and tools to make informed real estate decisions. Zillow has a large database of homes for sale or rent. You can find properties that aren’t officially on the market and make an offer.

Top Five: Blog Posts Of 2020!

Toronto Realty Blog

Charging somebody an extra $3 on the purchase of printer ink, because there’s an assumption that they’re disposing of their previous printer ink, doesn’t make people purchase less ink. This is how market bears have acted for two decades. TorontoRealtyBlog.

Door Is Shut to Millions of American Homeowners in Need of Mortgage Relief as Pandemic Enters Year 2

Realtor.com

home, which they bought in 2007 just before the housing-market meltdown. Eric Kaplan, Milken Institute Center for Financial Markets. Fairbanks made five payments under the new agreement but fell behind again in early 2020, according to court filings.

Beyond the Headlines: What’s Going to Solve Real Estate’s Inventory Crunch?

HomeLight

Red hot real estate market freezing out first-time buyers. Las Vegas housing market on fire. One last headline to share: No end in sight to Rhode Island’s dog-eat-dog housing market. For starters, a record number of agents are optimistic about the direction the market is heading. What will it take to balance the market? Ten years ago, in the market where I live, Tri-Cities, Washington, there’d be about 1,200 to 1,400 homes available most months.