BAM Media

MAY 7, 2024

Is there a piece of sales data or a new home offering that a prospect or a client should be aware of? So, use your MLS to determine what’s happening in the zip code, the township, the town, the city, the school district, however your market is searched and divided. The average list-to-sales price ratio is _.” “For

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Agents Inspection MLS Finance 105

Broke Agent Media

MARCH 30, 2023

BAM Key Details: According to the National Association of REALTORS, pending home sales for February 2023 are up for the third consecutive month, rising 0.8% An index of 100 is equal to the level of sales contract activity in 2001, when NAR began tracking the data. While some sales fall through, for one reason or another (e.g.,

Sales 98

Sales Loans Closing MLS 98

HomeLight

JULY 23, 2021

One term you’ll likely hear often during the homebuying process is “MLS,” which stands for multiple listing service. The MLS is a real estate database of all the homes in your area that are currently for sale, pending sale, or have recently been sold, and so much more. How do I know where a home is in the sales process?

MLS 109

MLS Backup offer Agents Purchase and sale agreement 109

Realty Biz

JANUARY 19, 2024

According to Zillow, houses listed for sale in the first half of May sell six days faster than average. Optimizing Spring's Selling Potential When preparing your home for sale in the spring, it's essential to hone in on those things that make it stand out. They also sell for 2% more. during this period. Effective pricing is crucial.

Sales 108

Sales Staging As-is Agents 108

RIS Media

JANUARY 18, 2022

What Is a Pending Sale? Common contingencies relate to a home inspection and financing, but there may be others. If a sale is pending, that means the parties have agreed on a contract and all the requirements related to contingencies have been met. If a contingency isn’t met, the deal can fall apart.

Debt-to-income ratio 98

Debt-to-income ratio Sales Title search Finance 98

Realty Biz

OCTOBER 31, 2023

They assist sellers in accurately pricing their homes based on market conditions and comparable sales. List in MLS Only For sellers who would like to save money potentially, there is the DIY option. Rather than using a full-service brokerage, you can hire a company that will do not much more than place your home in the MLS.

MLS 83

MLS Sales Inspection Agents 83

Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

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Backup offer Sales Home sale contingency Earnest money deposit 110

Realty Biz

MAY 8, 2023

Investing in real estate is not as simple as going to the MLS and finding what you want, as competition for housing is fierce in many cities. Non-market decision The Multiple Listing Service (MLS) does not list all properties for sale. MLS listing must be consulted. You may see features marked "Coming Soon" in the MLS.

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Marketing MLS Inspection Investor 98

HomeLight

JANUARY 3, 2024

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” In most cases, there are contingencies in the buyer’s offer that need to be cleared before the transaction is moved to the more solid “sale pending” status.

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Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 103

HomeLight

DECEMBER 31, 2020

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

Closing 104

Closing Backup offer Sales Inspection 104

HomeLight

FEBRUARY 26, 2021

These are all items that you may see listed for sale “as is” on sites like Facebook Marketplace or Craigslist. So how do “as is” sales in furniture and retail translate to “as is” sales in real estate? Buyers can still get an inspection to unearth problems. A home inspection is part of a buyer’s due diligence.

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As-is Sales Inspection Investor 99

HomeLight

AUGUST 16, 2021

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? Source: (Freedomz / ShutterStock).

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Short sale Sales Purchase and sale agreement Banks 104

HomeLight

MAY 8, 2024

As is” is a type of home sale where it’s understood that no improvements will be made to the property. An as-is sale may also indicate that the functionality and longevity of specific home components, such as the water heater or the roof, are in less than perfect condition and may need considerable repair.

As-is 92

As-is Inspection Finance Residential 92

Keeping Current Matters

DECEMBER 30, 2020

If you’re considering selling on your own, known in the industry as a For Sale By Owner (FSBO) , it’s critical to consider the following items. Most real estate agents have developed a strong Internet and social media strategy to promote the sale of your house. In some cases, the seller may even net less money from the sale.

MLS 281

MLS Agents Inspection Mortgages 281

Housing Wire

JULY 20, 2023

Stop answering clients’ concerns by saying, “Yeah, there’s really nothing on the market, I mean everything in the MLS is already pending. No rehab for them and no inspection woes for you. Refer to our podcast series and HousingWire articles about how to find inventory that’s not in the MLS. Builders are closing loans in the 4.5

Equity 285

Equity MLS Construction Agents 285

HomeLight

MARCH 30, 2022

Whether you’re an investor looking for a speedy sale so you can move on to your next deal or a homeowner trying to unload a property quickly to avoid financial strain, you’re in search of real estate cash buyers to purchase your house without a lengthy or uncertain process. Reduce the time it takes to close your sale.

Sales 99

Sales Investor Renovation Due diligence 99

Keeping Current Matters

OCTOBER 12, 2020

If you’re considering selling on your own, known in the industry as a For Sale by Owner (FSBO) , it’s critical to consider the following: 1. Most real estate agents have developed a strong Internet and social media strategy to promote the sale of your house. In some cases, the seller may even net less money from the sale.

Agents 276

Agents MLS Inspection Mortgages 276

Toronto Realty Blog

JANUARY 27, 2023

The letters “SC” on an MLS listing mean the property is “sold conditionally,” and agents not only know this, but are quite accustomed to seeing it on listings. Let’s say that your home in listed for sale and you receive an offer, but the offer has a condition. SCE What in the world is that?

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Purchase and sale agreement Sales MLS Closing 77

RIS Media

MAY 19, 2021

” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” ” What do they mean and how will they affect your home sale? Two important statuses in the MLS are “Contingent” and “Pending.”

Purchase and sale agreement 98

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

Toronto Realty Blog

OCTOBER 10, 2023

TorontoRealtyBlog I’ll tell you which call I have not received in quite some time: the good, ‘ole, “power of sale” seeker. A power of sale can come in many different shapes and sizes. There’s a common misconception that all power of sales are for run-down properties, but they’re not.

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Purchase and sale agreement Sales Due diligence Title 75

HomeLight

OCTOBER 22, 2021

You’re interested in buying a house, and someone told you about probate sales. But — if you’re being honest — you really have no idea what a probate sale is or how it works. What is a probate sale? You vaguely understand that these can provide opportunities for a bargain. We’ll walk you through it.

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Probate sale Sales MLS Inspection 97

McKissock

MAY 17, 2023

When making appraisal adjustments, examine the quality of your data and remember that any quality ratings in your county records or MLS are not always reliable. Sources of data A lot of the time, you’re using MLS data. How many sales are you actually using in whatever method you determine? How reliable is that data?

MLS 79

MLS Sales Inspection Construction 79

Realty Biz

MAY 18, 2023

Their role includes marketing the property, listing it on appropriate platforms, coordinating showings, negotiating on behalf of the seller, and facilitating the sales process until it closes. Negotiating the Sale: They negotiate offers on behalf of the seller and help navigate through counter-offers, if any.

Agents 80

Agents MLS Inspection Closing 80

HomeLight

NOVEMBER 1, 2021

If you suspect this is the case and have evidence to back it up, you may be able to save the sale if you can convince the appraiser to reconsider. Approximately 9% of home appraisals come in below the sales price. The first step to saving the sale is to request a reconsideration of value (ROV). Reconsideration of value process.

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Sales Purchase and sale agreement VA loan MLS 94

Toronto Realty Blog

AUGUST 2, 2023

The note for the 2017 sale was longer and a bit mushier, as I disclosed that I had proposed to my wife in the condo, and that we brought our first child home to the condo, and that we wished the new buyers all the love and happiness in the world as they created new memories and experiences of their own in the condo. He simply asked again.

Closing 75

Closing Sales Purchase and sale agreement Agents 75

Broke Agent Media

FEBRUARY 21, 2023

Let’s say, for example, you use the square footage for a property that was on a previous MLS listing—or it was given to you by the seller. It’s a reasonable expectation that the seller disclose any material defects that are not easy to spot during a walk-through inspection of the property.

Purchase and sale agreement 98

Purchase and sale agreement Agents Inspection MLS 98

Real Trends

JULY 14, 2022

Coming off of a year that brought the highest number of home sales in 15 years , the market is starting to show signs of normalizing. Agents who reveled in the red-hot market may now be wondering how to keep their production up, with sales falling about 10% from 6.125 million sales to around 5.4

Agents 52

Agents Sales Pre-approval Brokerage 52

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

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Purchase and sale agreement Inspection MLS Inspection contingency 102

Real Trends

OCTOBER 5, 2022

Why would a buyer choose your listing versus the one that’s for sale down the street? If the monthly HOA is $300, then maybe a $3,600 HOA credit from the seller would be better than a $5,000 price reduction; it would at least make your listing stand out in the MLS. Again, be sure to list this in the MLS comments.

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MLS New Construction Closing Closing costs 99

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. That 6% is deducted from the seller’s proceeds at closing.

Purchase and sale agreement 80

Purchase and sale agreement Inspection Title Inspection contingency 80

HomeLight

JANUARY 22, 2024

This oftentimes will have to do with unique circumstances that don’t really lend themselves to renovating a property for sale. Sell 'As Is' With a Cash Offer in Virginia HomeLight’s Simple Sale platform will provide a no-obligation, all-cash offer for Virginia homes in almost any condition. Yes Is a real estate attorney required?

As-is 94

As-is Inspection Equity Renovation 94

HomeLight

JULY 31, 2020

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale. How do short sales work?

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Short sale As-is Purchase and sale agreement Sales 98

HomeLight

OCTOBER 5, 2020

But what if it’s a different kind of sale … for example, how much should you offer on a short sale? Enter the short sale : a solution for the seller, and a special opportunity for a buyer. What’s a short sale? Short sales are unique because they require the approval of the seller’s lender.

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Short sale Sales Banks Due diligence 67

HomeLight

JANUARY 10, 2023

With such impressive sales figures, some sellers may be curious about how to sell a house by owner in California — a decision that could help them save on agent commissions. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Fast Fasts for Selling a House in California.

Purchase and sale agreement 94

Purchase and sale agreement Natural hazards disclosure Inspection Title 94

McKissock

MARCH 8, 2022

Does USPAP require me to complete an inspection? An appraiser may be able to conduct a virtual inspection remotely; however, this would still be considered a desktop appraisal. Does USPAP require me to complete an inspection? What data sources are used for identifying the subject’s relevant characteristics?

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Inspection MLS Technology Loans 88

HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Average home sale price in Florida: $530,419 (Jan 2022).

Purchase and sale agreement 95

Purchase and sale agreement Inspection Title MLS 95

Point2Homes

DECEMBER 8, 2020

However, before the sale can go to closing, certain contingencies must be met. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. A backup offer is not uncommon in real estate sales. Short Sale. Contingent Statuses. Kick-Out Clause.

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Purchase and sale agreement Backup offer Home sale contingency Short sale 145