Remove Loans Remove Marketing Remove Rent back Remove Short sale
article thumbnail

Seller’s vs. Buyer’s Market: A Seller’s Guide to Decoding Market Conditions

HomeLight

From cocktail parties to backyard barbecues, it seems like everyone around you is talking about how hot the real estate market is. So does that mean you’re in a buyer’s market or a seller’s market? Like stock prices, the real estate market fluctuates. It can affect: How you prepare your home for sale.

Marketing 109
article thumbnail

Buyers: Here’s Your Negotiation Strategy for When the Appraisal on a House Comes in Low

HomeLight

After a low appraisal on your dream home , you may assume that this is the end of the road because it may mean the termination of your mortgage loan if you can’t work out a deal. There are many reasons why the appraisal can come in low; one cause may be a shifting market. A shifting market . Short sales in the neighborhood .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sell Your House for Cash: For Some, the Convenience Can’t Be Beat

HomeLight

While that still happens in scenarios where a seller can’t afford repairs or is facing serious issues with a property, cash sales have expanded beyond the distressed homes market, as sellers benefit from new technologies, instant sale platforms , and a competitive housing environment that has increased the percentage of cash offers.

article thumbnail

Buying a House Online? How to Get it Done in 15 Steps

HomeLight

Or that FHA loan limits vary widely, too? Buyers who are moving from one area of the country to another could be shocked at the difference in prices and loan limits. The conventional loan limit is much higher in Massachusetts, she explains, “so I qualified for a higher mortgage with only 5% down.” Step 7: Request a virtual tour.

article thumbnail

Do I Accept the First Offer on My House, or Wait and See?

HomeLight

To help you evaluate your first offer, we’ll walk you through key consideration points, how to weigh the strength of the offer, encourage you to assess your objectives, and how to factor in market conditions. Your house has been on the market three months or more. You found your new home and want to avoid carrying two mortgages.

article thumbnail

Thinking About Writing a Love Letter to the Seller of Your Dream Home? It’s Not Always a Good Idea

HomeLight

Mahan explains that in 2021’s hot seller’s market, “for some sellers looking at over 20 offers that were all very similar financing-wise and similar as far as net dollar amount, sometimes the offer letter would make them stand out one way or another and help them visualize a different person in their home.”. Again, emotions may be high.