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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 exact steps vary from state to state, but let’s take a general look : Pre-foreclosure: As the name implies, a pre-foreclosure isn’t in foreclosure yet, but it’s on the way there. Short sale. Pre-foreclosure.

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Buying a Short Sale Property? Your Guide to Short Sale Requirements for Buyers

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As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. What’s a short sale?

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How to Find Short Sale Homes: A Guide for Buyers

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Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales. What is a short sale?

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

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However, there still are some contingencies to clear before they can close, such as the home inspection , the home appraisal , and the buyer’s lender approving their mortgage. Recent sales took a median of 30 days to close , with 25% of contracts in the past three months having a delayed settlement. Inspections / repairs.

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Selling a House Off Market: Worth Serious Consideration?

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When selling a home the conventional way, your real estate agent enters your property’s details into a multiple listing service, or MLS , a cooperative web platform and database that gives agents and their clients access to “the largest pool of properties for sale in the marketplace,” according to the National Association of Realtors (NAR).

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13 Short Sale Tips So You Get a Dream Deal, Not a Nightmare Scenario

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You may have heard a little bit about short sales — enough to know that this type of real estate listing can present some opportunities to get a good deal. But while short sales offer potential opportunities , they come with plenty of potential pitfalls as well. Know if a short sale is the best option for you.

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Selling a House ‘As Is’ in Maryland

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MLS has field to mark a listing “as is”? Even in the case of an as-is sale, you are still required to provide a list of latent defects to prospective buyers. These are any problems the purchaser wouldn’t be able to discover for themselves during a visual inspection, as well as anything that would pose a health or safety hazard.

As-is 101