Redfin

JUNE 29, 2023

Michigan housing market insights The housing market in Michigan continues to show increased median sale prices. As of recent data, the median sale price stands at $252,200, reflecting a 1.6% Additionally, the number of homes available for sale has declined, down 8.3% year-over-year increase. year-over-year.

Pre-approval 52

Pre-approval Purchase and sale agreement FHA loan Closing costs 52

HomeLight

JANUARY 12, 2022

24, you can expect to close on the sale of your home somewhere between the end of February to mid-March. Broken down by type of loan, you can expect the following: . Conventional loan. HomeLight’s Simple Sale platform provides cash offers for homes in almost any condition across the country. 1 and accept an offer on Jan.

Closing 111

Closing Purchase and sale agreement Pre-approval Inspection 111

Housing Wire

DECEMBER 29, 2022

Sales fall. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Home sales. The housing market of 2002-2005 had four years of sales growth facilitated by credit. Housing demand has fallen noticeably this year. Production falls.

Marketing 546

Marketing Bankruptcy Sales FHA loan 546

Windemere Buying

OCTOBER 18, 2021

Not getting pre-approved Getting pre-approved is a key component of the early stages of the buying process and will help to maximize your chances of getting your offer accepted. VA Loans can be a lifesaver for active service and veteran personnel, offering zero down payment and lower-than-average mortgage rates.

Pre-approval 52

Pre-approval Pre-qualification Debt-to-income ratio Inspection 52

HomeLight

SEPTEMBER 1, 2020

If the homeowner fails to catch up on their payments by the auction date, the home is auctioned for sale. 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. A date for a foreclosure auction is announced.

Banks 78

Banks Inspection contingency Inspection FHA loan 78

Redfin

JUNE 14, 2023

This affordability is evident through a median sale price of $361,000, which is below the national median of $407,415. Despite a decrease in housing demand, the median sale price continues to rise steadily, with a noteworthy 2.5% One aspect that makes this market particularly enticing is its affordability in comparison to other areas.

Pre-approval 57

Pre-approval Debt-to-income ratio Closing costs Title 57

HomeLight

OCTOBER 29, 2021

Gleason also says that it’s absolutely okay to speak with a real estate agent in these early stages, too — even if you think it might be too soon. “If You can get a head start by reading up on the Federal Housing Administration (FHA) loans page and exploring homebuyer programs in your state.To down for a FHA loan.

Loans 88

Loans FHA loan Pre-approval Closing costs 88

HomeLight

AUGUST 16, 2021

While you’re in the preparation stages of buying a home, it’s a good idea to spend some time in the neighborhoods you might end up in. Here’s a quick breakdown: Loan type. Competitive rates, widely available, lower fees than FHA loans. FHA (government-backed). Source: (LinkedIn Sales Solutions / Unsplash).

Closing costs 104

Closing costs Purchase and sale agreement Inspection Loans 104

HomeLight

APRIL 11, 2024

We have seen a slight increase in out-of-state sales in the last three years,” Marchesiello adds. As is” is a type of home sale where it’s understood that no improvements will be made to the property. I think there’s a potential lock on financial profitability on the sale when we highlight the as-is term.

As-is 90

As-is Inspection Finance Investor 90

HomeLight

JANUARY 29, 2021

If you’re selling For Sale By Owner, you’ll save on the listing agent’s commission. Closing costs without a Realtor® typically average 1% to 7% of the final sale price. The listing agent and the buyer’s agent split the commission at the close of the sale. to 1% of the sale price in escrow fees.

Closing costs 98

Closing costs Closing Seller concession Title search 98

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.”. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition.

As-is 92

As-is Inspection Investor Sales 92

HomeLight

DECEMBER 27, 2021

You’re ready to list your house for sale. It’s time to prep your home for sale. Getting your home ready for sale doesn’t have to be complicated or confusing. For example, even if you disclosed that your home needs a new roof , they may demand a new roof be put on before approving that FHA loan.”.

Pre-approval 113

Pre-approval Inspection Staging Renovation 113

HomeLight

JANUARY 22, 2024

Why do sellers consider selling making a as-is home sale? Fast facts about selling a house ‘as is’ in Colorado Median sales price in Colorado $545,000 Average days on market (DOM) for Colorado 50 Disclosures Colorado law requires sellers to disclose material facts about the property through the Colorado Seller’s Property Disclosure Form.

As-is 97

As-is Inspection Finance Investor 97

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. Which types of homes are sold ‘as is’?

As-is 93

As-is Inspection Finance Investor 93

HomeLight

DECEMBER 29, 2023

Typically, the reasons are like an estate sale where they’ve inherited the property, and they don’t have the funds or the inclination to prepare the property for the market. It’s a seller’s market, and they strongly prefer an “as is” sale,” she adds. Either that or it’s not a distressed property.

As-is 88

As-is Inspection Finance Investor 88

HomeLight

MAY 19, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Maryland. As is” is a type of home sale where it’s understood that no improvements will be made to the property. Sell 'As Is' With a Cash Offer. Skip repairs and close in as few as 10 days. Disclosures.

As-is 101

As-is Inspection Investor Closing costs 101

HomeLight

JUNE 13, 2022

One of the biggest reasons why some people choose to rent-to-own a house is because they need time to build or improve their credit scores before they can qualify for a mortgage loan. You’ll need to have a down payment for most mortgage loans, with minimums of anywhere between 3% of the home’s purchase price for a conventional loan , to 3.5%

Purchase and sale agreement 109

Purchase and sale agreement Loans Inspection Closing costs 109

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. “As is” is a type of home sale where it’s understood that no improvements will be made to the property. Sell 'As Is' With a Cash Offer. Request Cash Offer. Disclosures.

As-is 85

As-is Purchase and sale agreement VA loan Inspection 85

HomeLight

FEBRUARY 21, 2023

Sell 'As Is' With a Cash Offer in Georgia HomeLight’s Simple Sale platform will provide a no-obligation, all-cash offer for Georgia homes in almost any condition. As is” is a type of home sale where it’s understood that no improvements will be made to the property. Skip repairs and close in as few as 10 days.

As-is 76

As-is Investor Inspection Closing costs 76

HomeLight

OCTOBER 27, 2021

A home is in preforeclosure when the owner has stopped making mortgage payments for several months and their loan is delinquent or in default — so the owner is approaching foreclosure. At this stage, official notice of default has been issued and is publicly available. Source: (LinkedIn Sales Solutions / Unsplash).

Purchase and sale agreement 87

Purchase and sale agreement Inspection Homeowner’s association Title 87

HomeLight

JULY 25, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Texas. As is” is a type of home sale where it’s understood that no improvements will be made to the property. Sell 'As Is' With a Cash Offer. Skip repairs and close in as few as 10 days.

As-is 97

As-is Purchase and sale agreement Inspection Investor 97

Realty Biz

DECEMBER 10, 2020

If there are problems like cracked windows or a roof that needs repair, there can be problems with some loan types. The FHA loans program requires that issues like these are resolved before the home can be closed. This reduces the chances that the sale will fall apart due to financing problems.

Loans 144

Loans Mortgages Pre-approval Pre-qualification 144

HomeLight

DECEMBER 29, 2023

Fast facts about selling a house ‘as is’ in Oklahoma Median sales price in Oklahoma $235,000 Average days on market (DOM) for Oklahoma 44 days Disclosures Oklahoma law requires sellers to disclose material facts about the property through the Residential Property Condition Disclosure Statement. Which types of homes are sold ‘as is’?

As-is 92

As-is Inspection Finance Investor 92

HomeLight

MAY 23, 2022

“Either there are a couple of issues with the house that they want to disclose but not necessarily repair or they’re selling a house as part of an estate sale and don’t know a lot about it.”. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Wisconsin.

As-is 107

As-is Inspection Investor Closing costs 107

HomeLight

AUGUST 23, 2022

Clients using HomeLight’s Simple Sale platform don’t have to worry about additional repairs, prepping their home for listing or showings. Clients maximize the value of their quick home sale with a competitive top market offer and no additional fees, commission or upfront costs. Average sales price in Ohio. Request Offer.

As-is 96

As-is Investor Closing costs Inspection 96

HomeLight

APRIL 12, 2023

Real estate closing costs are expenses incurred by buyers and sellers during the final stages of a real estate transaction when the transfer of ownership is completed. Both buyers and sellers are responsible for certain fees and closing costs in a home sale transaction, which we’ll discuss in more detail in the next section.

Closing costs 80

Closing costs Closing Purchase and sale agreement Title search 80

HomeLight

DECEMBER 30, 2021

The only thing that stands between you and a sale is the appraisal. 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. You’re ready to move on. And, what’s it going to take for your home to pass?

Loans 117

Loans Agents Inspection Closing 117

HomeLight

JUNE 15, 2023

Closing costs are not a part of the purchase price of the home; they are a separate collection of fees and charges required to officially administer the sale which are due, as the name suggests, on your closing date. This fee varies by company and locale; often, it’s based on a percentage of the home’s sales price rather than a flat fee.

Closing costs 87

Closing costs Closing Title Inspection 87

The Close

JUNE 15, 2022

FHA loans. Staging a house 65. FHA vs conventional loans. For sale by owner 32. Condos for sale 34. Duplexes for sale 35. Townhomes for sale 36. Short sale process. Cheap houses for sale 37. Waterfront homes for sale 38. Multi-family homes for sale 40.

Closing costs 95

Closing costs Title Inspection Closing 95

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Indiana. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure. Sell 'As Is' With a Cash Offer. Request Cash Offer.

As-is 97

As-is Purchase and sale agreement Inspection Closing costs 97

HomeLight

AUGUST 12, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Illinois. As is” is a type of home sale where it’s understood that no improvements will be made to the property. They anticipate getting a great offer or multiple offers on their homes. Disclosures.

As-is 93

As-is Purchase and sale agreement Investor Closing costs 93

HomeLight

JULY 25, 2022

JoAnn and her business partner and husband, Thomas “Tom” Jacobs, have sold real estate in Tallahassee, Florida, for more than 24 years and have completed the sale of 100% of their listings. Sellers are interested in listing their home ‘as is’ because they want a sale with an easy transaction and a lot less hassle,” says Tom.

As-is 88

As-is Purchase and sale agreement Inspection Closing costs 88

HomeLight

AUGUST 24, 2022

According to Todd Auslander , who completes 27% more sales than the average Stamford, Connecticut agent, selling a house ‘as is’ in Connecticut is mostly done when the owner inherits the house, lives out of state, or the house is in really bad condition. Median sales price in Connecticut. Estate sales. Request Offer.

As-is 98

As-is Inspection Investor Closing costs 98

HomeLight

MARCH 2, 2023

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Multi-family homes often stray from the standard sales comparison approach for determining a home’s value, which adds to the appraisal cost.

FHA loan 73

FHA loan Agents Loans Sales 73

HomeLight

APRIL 29, 2022

“Some people have a lot more time and energy to engage and make the best of the sale, and some people don’t,” says George Graham , a top real estate agent in the Seattle, Washington, area. An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds.

As-is 70

As-is Purchase and sale agreement Investor Inspection 70

HomeLight

JANUARY 6, 2022

It’s natural to wonder how a home that needs TLC can compete with turnkey properties, especially when the median existing-home sales price reached record highs in 2021. When you sell your home to an investor, you skip the process of staging and showing your home. Source: (Roger Starnes Sr / Unsplash). Learn more about your buyer pool.

Renovation 125

Renovation Investor Inspection Loans 125

HomeLight

SEPTEMBER 1, 2022

Median home sale prices in California increased by 5.4% An FHA loan is insured by the Federal Housing Administration and available from FHA-approved lenders. An FHA loan is unique in that borrowers are able to use a down payment assistance program for the entire down payment. Low DTI, preferably 36%.

Earnest money deposit 93

Earnest money deposit VA loan FHA loan Loans 93