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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

You’re reading through a new MLS listing, and you believe you found your ideal home. The bank will then list the property on the market and try to sell the home in a similar fashion to your average property. Let’s take a look at the most common foreclosure sales and how they work. Short sale. Pre-foreclosure.

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How do Foreclosure Auctions Work? How to Find Properties, Research, and Bid

HomeLight

Unlike live auctions, many auction websites charge a fee on top of the sale price. “If This can sometimes push the home over its actual market value. Even if the highest bid is dramatically below market value, the highest bidder still wins the property. Source: (Antenna / Unsplash). Types of bids at foreclosure auctions.

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A 2023 Guide to Flipping Houses in California: 5 Cities to Consider

HomeLight

the California housing market is seeing a decline in prices, and that decline will likely continue in 2023. According to the 2023 Housing Market Forecast put out by the California Association of Realtors, California’s median home price is predicted to go down 8.8 You just have to adjust to the current market that there is,” he says.

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Flipping Houses in Ohio? 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. It’s better to invest in the work of a professional than to cut corners and scare off potential buyers when the house hits the market. “My

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A 2023 Guide to Flipping Houses in Georgia: 5 Cities to Consider

HomeLight

To learn more about flipping houses in Georgia, we’re talking to Savannah-based real estate agent Jay Mills, a listings specialist with the Hupman Group , to get his perspective on what’s happening in his market. Let’s get into it! A Top Agent Can Be Your Georgia Real Estate Investment MVP Interested in flipping a house in Georgia?

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Flipping Houses in Massachusetts: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Ford says he works both with buyers purchasing houses that have been flipped, as well as sellers who have redone a house and are now putting it on the market.

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Flipping Houses in Florida: 5 Cities to Consider

HomeLight

With steady population growth in Florida and a housing market that has calmed to a more reasonable level, opportunities are plenty. A cooling, less competitive Florida housing market means investors can find more opportunities to make a deal on the types of properties they need for a flip. Find a Buyer's Agent What is house flipping?