Realty Biz

JANUARY 10, 2024

We explore everything you should know for a first-time house sale by answering frequently asked questions. It is crucial to thoroughly research the current real estate market and determine a competitive listing price for your property. Paying careful attention to these details leads to successful sales. Let's dig in.

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Purchase and sale agreement Seller disclosure Staging Title search 102

Realtor.com

DECEMBER 6, 2021

And before you even get a chance to snap listing photos and put it on the market, a buyer comes along. With an offer in hand, you might be asking what commission an agent would receive if the agent were to get involved at this stage of the home-selling process. Watch: 5 Things to Do Before Listing Your Home for Sale.

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Purchase and sale agreement Agents Title Closing 116

HomeLight

JANUARY 3, 2023

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Real estate transfer taxes: 0.01%.

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Purchase and sale agreement Inspection MLS Inspection contingency 98

HomeLight

JUNE 21, 2022

After going through the stressful process of staging and showing your house, you’ve accepted an offer that exceeds your expectations. But you’ll still have to get over the home inspection hurdle that could reveal issues requiring repairs or cause buyers to renegotiate a lower sales price or even walk away from the deal.

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Inspection Purchase and sale agreement Pre-approval Inspection contingency 120

Realty Biz

NOVEMBER 10, 2021

Listed homes for sale are classified in different ways to help you understand how far along in the sales process they are. If you see a home listed as “active,” this means it is for sale with the sellers considering bids from potential buyers. When the house is marked as “sold,” it is no longer on the market.

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Purchase and sale agreement Inspection Inspection contingency Finance 128

HomeLight

JANUARY 10, 2023

The median price of a California home hit $777,500 in November 2022 , which is a 3% decrease from the previous month, a sign that higher interest rates are slowing the real estate market in California. Moreover, homes are sitting on the market for longer and inventory is increasing. Average time on market: 24 days (November 2022).

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Realty Biz

AUGUST 2, 2023

Effective marketing strategies, such as crafting an appealing listing description and utilizing professional photography, can also significantly impact the process. Additionally, understanding the closing process and utilizing additional resources and tools can streamline the sale. Overcoming common challenges is also vital.

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Purchase and sale agreement Title Staging Inspection 93

HomeLight

MARCH 31, 2022

The seller’s market continues to boom in Florida. Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% drop in median time on the market. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Florida. Get Started.

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Purchase and sale agreement Inspection Title MLS 90

HomeLight

APRIL 28, 2023

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. Unsure about selling FSBO in Texas?

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McKissock

JULY 26, 2022

Purchasing property, especially a home, can be a very emotional experience. In order to reach an acceptable agreement with the most favorable terms, make sure your buyers are aware of the market and the most important factors when constructing an offer. Number of days on market. Timeliness and types of inspections.

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HomeLight

MARCH 31, 2022

price increase , pushing median sale prices to upward of $350,000. With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. Median sales price: $449,900 (Feb. Average days on market : 36 (April 2022).

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Purchase and sale agreement Inspection MLS Inspection contingency 88

Realty Biz

JANUARY 10, 2023

The seller does not have to make any repairs before the sale, but certain disclosures are still made to the buyer. With the needed repairs in mind, research the market value of your home. You can find the market value of your home by contacting a real estate agent or an appraiser. Step Three: Preparing The House For Sale.

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HomeLight

NOVEMBER 9, 2021

The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender.

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Purchase and sale agreement Home sale contingency Title search Inspection 85

HomeLight

MAY 2, 2023

Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year. A huge amount of our commission pays for marketing expenses,” Medford explains. “In

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Purchase and sale agreement Agents Staging Brokerage 85

Windemere Selling

NOVEMBER 30, 2022

The following information is meant to clarify some common real estate terms that describe a home for sale and its position in the closing process. For sellers, reaching the pending stage means the finish line is within reach, but your home is still not officially off the market. What is closing in real estate?

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Purchase and sale agreement Backup offer Home sale contingency Inspection 52

Windemere Buying

JUNE 22, 2022

However, celebrating at this stage in the buying process could leave you heartbroken if your offer isn’t accepted. Revealing what goes on behind the curtain in this critical stage of the buying process will help you understand what to expect next. Once the purchase agreement is signed, it becomes legally binding.

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RIS Media

MAY 19, 2021

” What do they mean and how will they affect your home sale? Despite this, there can still be room to negotiate the conditions of the sale. Not all sales will have contingencies with them, but most will. Common real estate contingencies include the following: Inspection Contingencies. Contingent Meaning.

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Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98

HomeLight

AUGUST 30, 2021

For the right would-be buyer, a rent-to-own arrangement can be an ideal path to invest in a future home purchase — a time to save money and improve credit, or wait for an expected shift in circumstances, while living in a home that will one day be yours. Further, take time to learn more about this type of purchase.

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Marco Santarelli

APRIL 15, 2023

When a buyer submits an offer to purchase a property, and the seller accepts that offer, the property is considered “under contract.” This could be related to financing, inspection reports, or other factors that need to be addressed before the deal can proceed. What Does “Under Contract” Mean?

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Backup offer Purchase and sale agreement Inspection Finance 52

Kyle Handy

MAY 8, 2023

With ever-changing market conditions and fierce competition, keeping up with the latest commission standards can feel like an uphill battle. The full commission on a real estate sale is usually 4% to 6% of the sale. Negotiating a higher sale price for your listings. Getting into bigger markets. Selling more houses.

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Purchase and sale agreement Closing costs Commercial Due diligence 87

CT Homes

JUNE 7, 2021

Here are a few challenges to consider before attempting to sell a tenant-occupied home: The buyer pool will likely be smaller Showing and marketing the home can be more difficult The property condition is harder to control. Clean, tidy, and staged homes generally tend to sell faster and for higher amounts than those who are not.

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Purchase and sale agreement Inspection Investor Staging 76

HomeLight

APRIL 21, 2022

Marketing your home “for sale by owner” (known as FSBO ) or selling to an iBuyer (instant buyer) like Opendoor or Offerpad are options that may seem to prioritize profit and speed, respectively. Realtors® are experts on the current market in your area, and they know how to market your home at its full earning potential.

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Purchase and sale agreement Staging Agents Closing 95

HomeLight

JANUARY 28, 2022

Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year. The average real estate agent commission rate nationwide is 5.8% Average home price.

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Agents Purchase and sale agreement Brokerage MLS 117

HomeLight

APRIL 29, 2021

The home sale process involves a long list of steps, and your execution of each impacts your final sale price. As with most things in life, preparation is the key to a successful home sale. With 24 years of experience under his belt, Thompson shared a few gems about navigating the home sale journey. Vinyl windows: 72%.

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Purchase and sale agreement Pre-approval Inspection Inspection contingency 94

Redfin

AUGUST 4, 2021

A listing agent is responsible for assisting their client throughout the home selling process , which includes pricing the home, staging the interior and exterior, marketing the property, negotiating offers in the best interest of the seller, and so much more. . A listing agent handles the sale of the house for the seller.

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Agents Purchase and sale agreement Inspection contingency Title 73

HomeLight

NOVEMBER 1, 2021

If you’re selling your Kentucky home, you may be wondering how much you’ll make on the sale, what required costs will eat into your profit, and where you can cut costs. This means understanding which fees you’ll be responsible for when the sale closes. Percentage of sale or flat price. 150,000 sale). Closing cost.

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Closing costs Closing Purchase and sale agreement VA loan 68

HomeLight

FEBRUARY 27, 2021

of the final home sale price. While the seller is the one who technically pays commission fees, they don’t pay the commission until after they’ve received their home sale proceeds. Some listing agents (around 3% nationally) charge a flat-fee for their services instead of taking a commission based on the final sale price.

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Agents Purchase and sale agreement Staging MLS 83

Realty Biz

JULY 31, 2023

Preparing the property for sale involves cleaning, decluttering, and making it presentable. Some houses may require minor repairs and cosmetic updates, while others might need extensive renovations to make them marketable. What to Know About Selling a Home in Poor Condition Selling a house in poor condition can present challenges.

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Purchase and sale agreement Investor Renovation Sales 81

CT Homes

JUNE 7, 2021

Here are a few challenges to consider before attempting to sell a tenant-occupied home: The buyer pool will likely be smaller Showing and marketing the home can be more difficult The property condition is harder to control. Clean, tidy, and staged homes generally tend to sell faster and for higher amounts than those who are not.

Purchase and sale agreement 52

Purchase and sale agreement Inspection Investor Staging 52

HomeLight

APRIL 29, 2022

Assuming you’re in a market where Offerpad operates and your home qualifies for one of its programs, you could receive a cash offer from the company in less than 24 hours. People searching for a home can also browse Offerpad-owned listings and work with one of the company’s transaction managers to make a purchase.

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Purchase and sale agreement Closing costs Closing Staging 84

HomeLight

JANUARY 25, 2021

Even in a hot real estate market, “move-in” ready remains king among today’s homebuyers. House flippers usually purchase houses for cash as-is, saving homeowners the expense of making repairs that lenders might require, along with the stress of showing and staging the home. Find House Flippers Near You.

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Purchase and sale agreement Investor Inspection Due diligence 104

CT Homes

JUNE 7, 2021

Many areas have regulations in place to protect tenants, and occupied properties can be more difficult to market. However alternative strategies exist that can provide owners with a quick transaction and profitable sale. Clean, tidy, and staged homes generally tend to sell faster and for higher amounts than those who are not.

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Purchase and sale agreement Inspection Investor Staging 52

HomeLight

JULY 12, 2022

If you are thinking about selling your home, those low-hassle, convenient, fast-sale pitches may pique your interest. You may be curious about getting an online quote for the sale of your home. These buyers will provide an online quote to purchase your home—often sight-unseen. Like you, they thought there had to be a catch.

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Purchase and sale agreement Investor Equity Closing 82

Redfin

MAY 7, 2021

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. 6 options for selling and buying in a seller’s market.

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Redfin

MARCH 12, 2021

Earnest money is a type of security deposit, also known as a “good faith” deposit, offered to show the seller of a home that you’re serious about purchasing the property. At this stage, various inspections, appraisals, and possibly other contingencies you had in the offer contact move forward to finalize the sale. .

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Earnest money deposit Purchase and sale agreement Due diligence Inspection 75

Redfin

SEPTEMBER 15, 2020

The reality is that the time it takes depends on your situation, your house, and your local housing market. It’s also crucial to research the housing market and find out what similar homes are selling for in your area. Is it a seller’s market or a buyer’s market ? Unfortunately, selling your home involves many more steps.

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HomeLight

AUGUST 10, 2022

Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. No repairs, no staging, no open houses. Simple Sale (a HomeLight platform). Reviews: Simple Sale is a HomeLight platform.

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Closing costs Purchase and sale agreement Closing Inspection 76