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

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 61

Realty Biz

MAY 8, 2023

In many American cities, the housing market is very hot. Thanks to low mortgage rates and the shift to working from home, cities like Las Vegas, Nashville, Phoenix, and Austin often have more demand for housing markets than stocks. Non-market decision The Multiple Listing Service (MLS) does not list all properties for sale.

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Realty Biz

MARCH 2, 2023

However, this doesn't mean there are no good deals in the real estate market. The best way to start is to understand the market and create a plan. Read on to discover how to find cheap houses for sale. Check MLS Websites MLS platforms have some of the best bargains in the housing market.

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Sales MLS Short sale Banks 120

Realty Biz

JANUARY 1, 2021

Today the process for finding foreclosed homes is nearly the same as searching traditional MLS home listings online. . Short Sales . A short sale occurs when a homeowner puts the house up for sale at a smaller price than is owed on the mortgage. Pre- Foreclosures . Lesa Furman, Avon IN Realtor ®.

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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 95

The Close

DECEMBER 27, 2022

I bought my first investment property at 21 years old, before I really understood the potential impact of real estate market cycles. But it took time and experience to figure out the particular moments in a real estate market cycle that are better for different types of investing. Understanding Real Estate Market Cycles.

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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

HomeLight

AUGUST 25, 2020

That’s where selling a house off market can be the better option, says real estate agent Jim Griffin , a top real estate agent in Johnson City, Tennessee. Let’s look closer at what selling a house off market entails so you can decide if this is the right choice for you. What does ‘off market’ mean in real estate?

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Marketing MLS Pre-approval Sales 54

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 77

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. Bank-owned property sale of a foreclosed property. The Foundation of a BPO.

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Short sale Inspection Loans Banks 111

HomeLight

SEPTEMBER 20, 2022

Short sales can provide an excellent opportunity for potential homebuyers to score a good deal. If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales.

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Short sale Sales Pre-approval Equity 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 70

Windemere Buying

AUGUST 16, 2023

How long have you been an agent in the local market? This will equip your agent with everything they need to help find you the perfect home as they explore the Multiple Listing Service (MLS) for available listings. For up-to-date information about your local market, visit the Market News category of our blog.

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Agents Short sale MLS As-is 76

HomeLight

OCTOBER 5, 2020

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. What’s a short sale?

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Short sale Sales Pre-approval Pre-qualification 72

Redfin

DECEMBER 7, 2020

First-time homebuyers and investors will likely quickly buy up any foreclosed homes, leaving the larger housing market unimpacted. from last year, but for every seller there are buyers moving in, which has kept the housing market strong — home sales are up 9.3% New listings are up 6.9% from last year. . The post U.S.

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Marketing Equity Investor Loans 79

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.

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Banks Pre-qualification Investor Short sale 105

The Close

DECEMBER 19, 2022

Maybe the market is sluggish or sales are plateauing. You might want to consider a lead generation provider like Market Leader. We rated Market Leader as our top choice for lead generation for several reasons, but perhaps the most important is that you are guaranteed a certain number of leads every month. Related Article.

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Agents Investor Property Management Development 105

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? Once you gain the lender’s approval, you can list your home for sale. Source: (Vidar Nordli-Mathisen / Unsplash).

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Short sale Sales Loans Banks 78

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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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 60

Housing Wire

JULY 20, 2023

The good news is that the housing recession that was predicted by some economists has not materialized, noted Lisa Sturtevant, chief economist for Bright MLS. With positive inflation news and a strong labor market, the possibility that the Fed will be able to bring the economy in for a “soft landing” is improving.

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Sales MLS Short sale Construction 328

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

MARCH 30, 2022

In a rising market the way we are today and how quickly homes are going up in value, when you get into some bidding wars you don’t have to worry will the house be appraised or not because it’s not based on a mortgage,” Colofranson explains. Investors who promote homes for sale or rent are often in the market to buy new investment properties.

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Sales Investor Renovation Due diligence 92

HomeLight

MAY 10, 2021

A buyer’s agent can help you stay on top of new listings in a hot market. It’s especially important to find a buyer’s agent with local expertise in the particular market where you’re house hunting. It’s important to work with someone who has experience, who has knowledge of a local market,” Markarian says.

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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. You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”.

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Banks Inspection contingency Inspection FHA loan 73

HomeLight

OCTOBER 27, 2021

Real estate agents might help a seller determine how much a house is worth when it’s listed for sale. Typically, a listing agent will prepare a comparative market analysis , looking at recent sales in the seller’s area, to determine the selling price. So they’ll have a licensed appraiser determine the home’s market value.

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Sales Title Agents As-is 68

Housing Wire

SEPTEMBER 28, 2023

Even though mortgage origination volumes are down, we’re experiencing a highly competitive purchase market. Especially where service providers were unprepared for the sudden pivot in market conditions after the refinance boom of the early 2000s. The result of that reaction has been a no-nonsense approach to default and foreclosure.

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Industrial Mortgages Technology Loans 421

HomeLight

MAY 28, 2021

As part of being a Realtor®, in some areas, this gives them access to the multiple listing service (MLS), which gives them access to more home listings. Also licensed state-by-state, brokers have at least two to five years of sales experience as a real estate agent under their belts and must pass the real estate broker exam for their state.

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HomeLight

JANUARY 3, 2022

iBuyers generally offer much closer to market value for homes than house flippers. An agent-assisted sale is likely to benefit from the competition of the open market in which buyers make connections with homes and often bid with their emotions. One house, two different sales (iBuyer vs. agent).

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Agents Title Inspection Title search 90

HomeLight

JULY 31, 2021

We’ll cover the following: Cash-buying landscape in Phoenix: Under $700k market attracts cash in Phoenix. The Phoenix real estate market draws investors with its consistent housing stock, strong employment base, and vacation-worthy weather. Under $700k market attracts cash in Phoenix. 1 market for iBuyers. in Atlanta.

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Investor Seller disclosure Sales Closing 81

HomeLight

FEBRUARY 26, 2021

To avoid such preconceptions that “as is” carries, talk with your real agent about how to list your “as is” home sale without those two little words. Investors increasingly play a large role in the housing market, according to NPR, citing data from CoreLogic that investors purchased 1 in 5 starter-priced homes in 2019.

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HomeLight

SEPTEMBER 30, 2021

If the amount received from the sale falls short of your outstanding mortgage balance and selling costs, you will have to cover the difference with funds other than those from the sale. Our Home Value Estimator pairs housing market data from multiple trusted sources with details about your house that you personally share.

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Mortgages Debt-to-income ratio Equity Closing costs 98

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

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 93

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 92

Marco Santarelli

SEPTEMBER 11, 2021

Last year was a record-breaking year for the entire Indiana real estate market. The lack of available inventory in local housing markets across Indiana has remained the dominant storyline for the past several years. Ideally, a buyer would prefer a sale to asking price ratio that’s closer to 90%. The median sale price was $177K.

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Marketing Investor Construction Sales 98