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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. According to Daza, it’s the best (and only) way to land your crucial first client. You’re not alone. Leads are leads, right? There’s just one problem: every agent in your office is in the same boat.

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

Marco Santarelli

However, month-over-month, sales actually ticked up by 0.8% , reaching a seasonally adjusted annual rate of 4.03 Inventory: The number of homes for sale saw a significant increase , jumping 6.2% from April and a whopping 20.3% year-over-year, landing at 1.54 million units. This translates to a 4.6-month month supply.

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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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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.

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Real estate tech roundup: Hubzu and Brookfield Residential

Housing Wire

Hubzu is an end-to-end asset management platform for residential foreclosure, short sale, REO, deed in lieu, CWCOT and retail property auctions. million bids and the sale of more than 225,000 homes. The app offers potential buyers tools to find, research and bid on homes via a competitive auction format. and Denver markets.