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What is a Short Sale in Real Estate? A Guide for Buyers and Sellers

Redfin

A common real estate term you’ve probably seen, whether you’re buying or selling a home , is a “short sale.” A short sale home can be a good way to stretch your budget if you’re a buyer or let go of a home you can no longer afford if you’re a seller. For sellers , a short sale has to be approved in advance by the lender.

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9 Tips for Buying a Preforeclosure (Especially If It’s Your First)

HomeLight

As youre getting familiar with the lay of the land eyeballing homes that seem to meet your criteria and fit your budget , daring to let yourself feel excited about the possibilities maybe you stumble upon a listing marked as a preforeclosure. The nature of a short sale is that the homeowner owes more than what the home is worth.

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The deal doctor: How a Miami agent closes $25 million+ a year selling condos to plastic surgeons

Housing Wire

Probate, divorce leads, short sales — everything is on the table when you have a mortgage to pay. Efrain Daza: By the numbers Market: Miami Niche: Pre-construction luxury condos, plastic surgeons from Colombia 2024 sales volume + sides: $25.7 You’re not alone. Leads are leads, right?

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Housing Market Boom or Slump: NAR’s Report Shows Slight Drop in Sales

Marco Santarelli

While existing-home sales decreased by 0.7% year-over-year, there's more to the story than just that one number. Housing Market Boom or Slump: NAR's Report Shows Slight Drop in Sales Here's what the NAR report for May had to say: Sales: Existing-home sales decreased by 0.7% compared to May of last year.

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28 real estate niches brimming with potential

Housing Wire

Agents looking to specialize in an outdoor amenities niche might consider: Lakefront homes Mountain homes (think: the Adirondacks) Oceanfront or beachfront property Ski/Snowboarding resort properties (think: Whistler or Aspen) Farmland Vacant land Properties in these niches may have unique property taxes, zoning or development regulations.

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Existing home sales fell in June while monthly median sales price spiked

Housing Wire

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). Sales were also down significantly from a year prior. Total existing home sales slipped 3.3% Year-over-year, sales dropped 18.9%

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What happens with mortgages if there’s a recession?

Real Estate News

Even if the hoped-for economic “soft landing” isn’t so soft, don’t expect to see a wave of short sales and foreclosures next year.