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

HomeLight

They’ll put the house up for auction either in a sheriff’s or public trustee sale (the name depends on what foreclosure process your state follows). Bank-Owned or REO: If a home doesn’t sell at auction, it becomes a real-estate owned home , meaning the bank or lender officially owns it. Short sale.

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Century 21’s Jon Salvador builds connections

Real Trends

With 30 years of real estate experience, Jon Salvador, a Burlington, Iowa-based Century 21 Property Professionals agent, is without a doubt and industry veteran. million in sales volume, good enough for the No. Brooklee Han: Can you tell me about how you got your start in real estate?

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Radian’s Pyramid Platform automates every step of the real estate process

Housing Wire

As the real estate industry braces for the end of forbearance moratoriums, housing experts are anticipating an increase in foreclosures and REO activity. In addition, Pyramid Platform offers users a variety of other workflows, including deed-in-lieu, short sale, acquisition, rental management, and more.

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12 profitable real estate niches to explore now

Real Trends

In combination with the vacation rental industry , this niche includes standard single-family homes and multifamily apartments, as well as: Room rentals Full-service apartments Student housing 2. It’s also important to note that luxury home sales are just as uncertain as any other type of home.

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Tips on how to get foreclosure listings

Easy Agent Pro

It seemed as if every real estate agent on the planet, overnight, became a “foreclosure specialist” or a “short sale expert.”. Horror stories filled the news about homeowners who hired an agent who didn’t know the first thing about distressed property sales. Homes they thought were saved were lost. Cleaning crew.

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Flipping Houses in New York: 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. Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. Find a Buyer's Agent What is house flipping? Wise agrees.

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Philadelphia Real Estate Market & Investment Overview 2021

Marco Santarelli

Philadelphia has been one of the hottest real estate markets in the country in 2020 and its market temperature remains sizzling hot. It means that the demand from buyers is exceeding the current supply of homes for sale. Townhome unit sales volume (2,095) rose 22%. Philadelphia Home Sales. Source: Brightmls.com.

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