HomeLight

SEPTEMBER 1, 2020

There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. If the former homeowner defaulted on an FHA loan, the home may become inventory for various HUD programs, including the Good Neighbor Next Door program.

Banks 78

Banks Inspection contingency Inspection FHA loan 78

HomeLight

DECEMBER 2, 2021

One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale? Once you gain the lender’s approval, you can list your home for sale. Source: (Vidar Nordli-Mathisen / Unsplash).

Short sale 82

Short sale Sales Loans Banks 82

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

HomeLight

DECEMBER 29, 2023

Fast facts about selling a house ‘as is’ in Minnesota Median sales price in Minnesota $334,900 Average days on market (DOM) for Minnesota 32 days Disclosures Minnesota law requires sellers to disclose material facts about the property through the Minnesota Seller’s Property Disclosure Statement.

As-is 92

As-is Inspection Finance Investor 92

HomeLight

MAY 27, 2021

Maureen Kile , a real estate agent from Tulsa , Oklahoma, who has worked with 75% more single-family homes than the average agent in her market, notes that lenders will always check a buyer’s credit score; the higher the score, the better the loan terms. Preapproval is vital, especially in a hot real estate market.

Loans 82

Loans Mortgages Title FHA loan 82

HomeLight

MAY 23, 2022

Josh Muncey , a real estate agent with over $500 million in career sales and 16 years of experience selling in greater Boston, Massachusetts, says, “it’s hard to find a market in the Boston area that’s not feeling red hot lately.”. Median sales price in Massachusetts. Average days on market for Massachusetts. Disclosures.

As-is 92

As-is Inspection Investor Sales 92

HomeLight

DECEMBER 30, 2021

According to the National Association of Realtors® Research Group’s 2021 data , 64% of buyers have conventional loans, 16% have FHA loans and 14% received VA loans. The appraisal is usually the last piece of the loan package to be completed before closing. Understand the role of an appraiser.

Loans 117

Loans Agents Inspection Closing 117

Easy Agent Pro

DECEMBER 29, 2020

In February, pre-CARES Act, 10,438 FHA loans were in foreclosure. Position yourself to be the one person in your market they can turn to – Here’s how to get foreclosure listings. Some markets will naturally only experience a trickle of foreclosures while others will be harder hit. Location, location, location.

FHA loan 83

FHA loan Agents Loans Sales 83

HomeLight

MAY 19, 2022

Median sales price in Maryland. Average days on market for Maryland. An agent gives simple presentation tips to improve marketing, helps to set an appropriate price that reflects the home’s condition, and works to find a buyer willing and eager to buy your home in its current state. Disclosures. Highlight the surrounding area.

As-is 100

As-is Inspection Investor Closing costs 100

HomeLight

OCTOBER 27, 2021

A preapproval will also help you be as competitive as possible in a hot market. If you’re going to be buying the preforeclosure with a mortgage, your purchase agreement is contingent on your ability to secure a loan, so getting preapproved is important. Try to get as much info as you can on the current market, too.

Purchase and sale agreement 87

Purchase and sale agreement Inspection Homeowner’s association Title 87

The Close

JUNE 15, 2022

FHA loans. FHA vs conventional loans. Short sale process. Cheap houses for sale 37. Waterfront homes for sale 38. Buying a house in a seller's market. Multi-family homes for sale 40. Who pays closing costs? Best time to sell a house 63. What to look for when buying a house.

Closing costs 95

Closing costs Title Inspection Closing 95

HomeLight

MAY 23, 2022

Schaus did advise her client to contact a junk removal company to clear out the house, but that was the only preparation made before the house hit the market. “[The HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. 359,600 (April 2022).

As-is 85

As-is Purchase and sale agreement VA loan Inspection 85

Realty Biz

FEBRUARY 21, 2021

Record-low interest rates; a robust S&P 500; the appeal of stable assets in a volatile economy; homebuyers leaving tax-burdened Northeastern states to purchase in Florida (no state income tax); and work-from-home and remote-learning policies have all combined to create a robust market for luxury single-family properties.

Sales 91

Sales Short sale FHA loan Fixed-rate mortgage 91

HomeLight

MAY 23, 2022

Median sales price in Indiana. Average days on market for Indiana. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure. You’ll get a check for $500, but you’ve lost 30 days on the market. Disclosures. Sell directly to a cash buyer.

As-is 97

As-is Purchase and sale agreement Inspection Closing costs 97

HomeLight

MAY 23, 2022

Median sales price in Wisconsin. Average days on market for Wisconsin. An agent gives simple presentation tips to improve marketing, helps to set an appropriate price that reflects the home’s condition, and works to find a buyer willing and eager to buy your home in its current state. 265,501 (April 2022). Disclosures.

As-is 107

As-is Inspection Investor Closing costs 107

HomeLight

NOVEMBER 10, 2021

Or that FHA loan limits vary widely, too? Buyers who are moving from one area of the country to another could be shocked at the difference in prices and loan limits. A local agent will know how to write a competitive offer and what sellers in the market prefer. Luckily, it’s something else you easily do online.

Inspection 87

Inspection Title Agents Pre-approval 87

HomeLight

APRIL 29, 2022

However, in today’s real estate market, Washington sellers may be pleasantly surprised by current prices. Median sales price in Washington State. Median days on market for Washington. Sources: NWMLS March 2022 market snapshot. After six days on market, the property sold in cash for $258,000 with more than 10 offers.

As-is 70

As-is Purchase and sale agreement Investor Inspection 70

HomeLight

JULY 31, 2021

The short answer: Yes, according to experts, real estate tends to be a good investment , provided you’re not trying to profit in the short term. She cautions that markets can change every six months, but over the longer term — anywhere between three and 10 years or even longer — that’s where most people make their real estate money.

Investor 90

Investor Equity Renovation Mortgages 90