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How Long Does a Short Sale Take? What to Expect When You’re Buying Short

HomeLight

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale?

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17 Home Closing Delays and How You Can Avoid Them

HomeLight

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). Repairs identified in the inspection. The home inspection is one of the most important steps in the purchase process and one of the strongest variables that can affect closing.

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

HomeLight

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. A short sale isn’t necessarily a foreclosure sale, but it’s common to see a short sale done to avoid foreclosure.

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iBuyer vs. Real Estate Agent: How Do the Experiences Compare?

HomeLight

iBuyers generally offer much closer to market value for homes than house flippers. An agent-assisted sale is likely to benefit from the competition of the open market in which buyers make connections with homes and often bid with their emotions. One house, two different sales (iBuyer vs. agent). All of this takes time.

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iBuyer Real Estate Guide for 2022: What Is an iBuyer?

HomeLight

They share photos of the home, complete a digital walkthrough, and have the property exterior inspected. iBuyers tend to offer much closer to market value than other types of investors and flippers, but they also charge a service fee and are limited in the types of homes they will buy. of market value, before tapering to 99.4%

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Buying a Foreclosure at a Home Auction? Here’s How Much You’ll Probably Spend

HomeLight

One important factor in how much a house will go for at a foreclosure auction is its appraised value — the professional estimate of its worth in the current market. Knowing the ins and outs of the market you’re hoping to buy in will help you estimate a potential auction price. Current market. Appraised value. Buyer beware!

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6 of the Top We Buy Houses for Cash Companies in Atlanta

HomeLight

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. Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property.