HomeLight

DECEMBER 2, 2021

One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale? Helali advises consulting your loan servicer, as requirements vary amongst lenders. The process. The timeline.

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Short sale Sales Loans Banks 77

HomeLight

OCTOBER 11, 2021

You see a house you love, but the listing shows that it is an “active pending short sale.”. And just what is a short sale, anyway? Is a short sale home purchase for you? And can you still make an offer on an active pending short sale? Short sales defined . Wait, what?

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HomeLight

MARCH 30, 2021

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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Short sale Sales Pre-approval Closing costs 58

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 62

HomeLight

JULY 6, 2023

That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. What other MLS statuses do agents use? Selling your house soon?

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MLS Backup offer Inspection contingency Purchase and sale agreement 87

Housing Wire

SEPTEMBER 28, 2023

Even though mortgage origination volumes are down, we’re experiencing a highly competitive purchase market. The mortgage lending industry exists to make home loans, not to repossess them. Especially where service providers were unprepared for the sudden pivot in market conditions after the refinance boom of the early 2000s.

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Industrial Mortgages Technology Loans 407

Realty Biz

JANUARY 1, 2021

Today the process for finding foreclosed homes is nearly the same as searching traditional MLS home listings online. . A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. Short Sales . Jordan Matin, Portland Homes for Sale. Pre- Foreclosures .

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Short sale Pre-approval Banks Loans 116

HomeLight

AUGUST 31, 2021

You’re reading through a new MLS listing, and you believe you found your ideal home. 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. Pre-foreclosure.

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Pre-approval Short sale Banks Finance 92

Point2Homes

DECEMBER 8, 2020

It’s certainly possible that the home could come back on the market and, by getting in touch, you might be able to jump to the front of the line. Pending listings are those in which the contingencies have been met and the legal documents just need to be finalized for the sale to close. Short Sale. Contingent Statuses.

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

Realty Biz

NOVEMBER 18, 2021

A BPO is also similar to a comparative market analysis (CMA) that real estate agents use to suggest a listing price to a seller. It boils down to a BPO being another tool that can be used to determine the current fair market value of a property. Home loan refinances. Bank-owned property sale of a foreclosed property.

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Short sale Inspection Loans Banks 111

HomeLight

APRIL 30, 2021

Or perhaps you’re curious whether you should put it on the market sooner. A real estate agent performs a comparative market analysis, or CMA , before your home hits the market to help arrive at a decent asking price. But how much does a comparative market analysis cost? But Herring doesn’t charge anything. Square footage.

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Marketing MLS Agents Renovation 90

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. Make sure clients who see an acceleration clause in their mortgage contracts understand that this allows their lender to demand repayment of the loan in full if they default on the loan.

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Purchase and sale agreement Title Proof of funds Pre-approval 98

The Close

APRIL 30, 2024

When it’s time for a price reduction, real estate agents must conduct market research and rely on the data. The primary indicator is obvious: The house just sits on the market while everything around it is flying off the shelves. Pricing real estate is an art and science. But it’s critical to dig deeper.

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Agents Short sale Staging Sales 80

Redfin

DECEMBER 7, 2020

First-time homebuyers and investors will likely quickly buy up any foreclosed homes, leaving the larger housing market unimpacted. At the peak of the foreclosure crisis in 2010, the national average loan-to-value ratio was 94%, meaning the average homeowner owed her lender nearly as much (94%) as the value of her home.

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Marketing Equity Investor Loans 79

HomeLight

APRIL 30, 2021

Your listing agent comes to you with a fairly thick package of paperwork and says: “Here’s the comparative market analysis (CMA) for your house — let’s talk about what we should sell it for.” For some sellers, a cursory glance through the pages may suffice before they move on to getting their house live on the market.

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Agents Marketing Due diligence Sales 68

Realty Biz

FEBRUARY 21, 2021

Miami-Dade County total home sales posted a double-digit increase for the fifth consecutive month in January 2021 as pent-up demand and record-low mortgage rates continue fueling transactions, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Miami single-family home sales rose 9.1%

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Realty Biz

SEPTEMBER 23, 2021

Miami-Dade County real estate broke another record, posting its best August sales month in history as pent-up demand, more U.S. individuals and companies moving to South Florida, and record-low mortgage rates continue fueling transactions, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

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Sales Fixed-rate mortgage Short sale Equity 104

HomeLight

DECEMBER 29, 2023

Fast facts about selling a house ‘as is’ in Minnesota Median sales price in Minnesota $334,900 Average days on market (DOM) for Minnesota 32 days Disclosures Minnesota law requires sellers to disclose material facts about the property through the Minnesota Seller’s Property Disclosure Statement.

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HomeLight

FEBRUARY 4, 2022

If you’re in the market for real estate, either as an investment or a residence, REO (which stands for “real estate owned” also known as “bank owned”), homes can offer you a deal, but without the hassle of dealing with a foreclosure auction. The bank will then work with a listing agent to list the home on the MLS. Use the MLS.

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Agents Banks MLS Title 76

Marco Santarelli

SEPTEMBER 21, 2021

Whether you’re looking to buy or sell, timing your local market is an important part of real estate investment. This year, the Detroit real estate market can be seen to be flourishing since people from all across the US are considering to invest in Detroit. Michigan Housing Market Trends 2021 (Most Recent Stats).

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Marketing Investor Residential Sales 111

HomeLight

AUGUST 16, 2021

In the market for a “ real estate owned” property ? REOs for short, these kinds of sales expose buyers to a lot of potential risk. But they also provide a lot of opportunity for big return on investment, too — much bigger, and faster, than you might expect with many traditional sales. Check them often. “In

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Banks Pre-qualification Investor Short sale 103

Marco Santarelli

JULY 27, 2020

Let's get an overview of the Sacramento real estate market. This article has been updated to reflect recent changes in the housing market of Sacramento due to the coronavirus pandemic. The Sacramento housing market remains healthy and strongly skewed to sellers. In May, the median sales price decreased by 1.3%

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Marketing Investor Land Sales 124

HomeLight

FEBRUARY 13, 2023

She not only mastered the art of staying afloat, but used the down market to increase her business to 7 figures. This week on The Walkthrough , she shares five ways to take advantage of a market reset and grow your business. Well, it is a known fact we are in a changing market. She had 2 choices – either sink or swim.

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Marketing Agents Staging Branding 91

HomeLight

OCTOBER 27, 2021

A home is in preforeclosure when the owner has stopped making mortgage payments for several months and their loan is delinquent or in default — so the owner is approaching foreclosure. Step 2: Get preapproved for a loan. A preapproval will also help you be as competitive as possible in a hot market. Step 3: Find your house.

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Purchase and sale agreement Inspection Homeowner’s association Title 82

Marco Santarelli

DECEMBER 20, 2020

Let’s learn how to find investment properties for sale. How To Find Investment Properties For Sale: Search For Off-Market Deals. The best deals are those that haven’t hit the market yet. Once the property hits the MLS, you’re going to be in a bidding war with others considering buying the same property.

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Sales MLS Renovation Investor 65

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. Sell your home without the headaches and hassle. It’s that simple.

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Sales Investor Renovation Due diligence 89

HomeLight

FEBRUARY 9, 2023

the California housing market is seeing a decline in prices, and that decline will likely continue in 2023. According to the 2023 Housing Market Forecast put out by the California Association of Realtors, California’s median home price is predicted to go down 8.8 You just have to adjust to the current market that there is,” he says.

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HomeLight

APRIL 29, 2022

However, in today’s real estate market, Washington sellers may be pleasantly surprised by current prices. Median sales price in Washington State. Median days on market for Washington. MLS has field to mark a listing “as is”? Sources: NWMLS March 2022 market snapshot. 638,000 (March 2022). Disclosures.

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As-is Purchase and sale agreement Investor Inspection 67

Kyle Handy

JANUARY 20, 2023

They’re putting old and damaged housing stock back onto the market. Content Marketing and SEO 7. They want to sell their house without an MLS listing or an agent, so they list it on Zillow and wait for potential offers to come in. A house flipper isn’t just a real estate investor when done right. Expired Listings 2.

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HomeLight

MAY 23, 2022

Median sales price in Indiana. Average days on market for Indiana. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure. MLS has field to mark a listing “as is”? You’ll get a check for $500, but you’ve lost 30 days on the market.

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As-is Purchase and sale agreement Inspection Closing costs 90

HomeLight

MAY 23, 2022

Schaus did advise her client to contact a junk removal company to clear out the house, but that was the only preparation made before the house hit the market. “[The HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. 359,600 (April 2022).

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As-is Purchase and sale agreement VA loan Inspection 79

HomeLight

SEPTEMBER 1, 2020

There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. If the former homeowner defaulted on an FHA loan, the home may become inventory for various HUD programs, including the Good Neighbor Next Door program.

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Banks Inspection contingency Inspection FHA loan 75

HomeLight

MAY 23, 2022

Median sales price in Wisconsin. Average days on market for Wisconsin. MLS has field to mark a listing “as is”? An agent gives simple presentation tips to improve marketing, helps to set an appropriate price that reflects the home’s condition, and works to find a buyer willing and eager to buy your home in its current state.

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As-is Inspection Investor Closing costs 101

HomeLight

JANUARY 19, 2023

To learn more about flipping houses in Georgia, we’re talking to Savannah-based real estate agent Jay Mills, a listings specialist with the Hupman Group , to get his perspective on what’s happening in his market. Let’s get into it! A Top Agent Can Be Your Georgia Real Estate Investment MVP Interested in flipping a house in Georgia?

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House Flipping Inspection Renovation Finance 92

HomeLight

FEBRUARY 24, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. It’s better to invest in the work of a professional than to cut corners and scare off potential buyers when the house hits the market. “My

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House Flipping Renovation Finance Agents 91

HomeLight

SEPTEMBER 30, 2020

Unlike live auctions, many auction websites charge a fee on top of the sale price. “If This can sometimes push the home over its actual market value. Even if the highest bid is dramatically below market value, the highest bidder still wins the property. Source: (Antenna / Unsplash). Types of bids at foreclosure auctions.

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Due diligence Hard money loan Finance Banks 97

HomeLight

MAY 19, 2022

Median sales price in Maryland. Average days on market for Maryland. MLS has field to mark a listing “as is”? As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. Fast facts about selling a house ‘as is’ in Maryland.

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