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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. Simply put, this measures the number of days a property is for sale, from the day it is listed on the multiple listing service (MLS) to the day a buyer and seller are under contract.

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Selling a House Off Market: Worth Serious Consideration?

HomeLight

When selling a home the conventional way, your real estate agent enters your property’s details into a multiple listing service, or MLS , a cooperative web platform and database that gives agents and their clients access to “the largest pool of properties for sale in the marketplace,” according to the National Association of Realtors (NAR).

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Looking for a Quick Home Sale? Pay Heed to These Factors!

HomeLight

What is a quick home sale? First thing’s first, a quick home sale should not be confused with a short sale. A short sale is something a homeowner can attempt when they are in financial distress. Then, I’ll make sure they service the septic system and go around to do some simple staging,” Townsend says.

Sales 89
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How to Buy a Preforeclosure Successfully: A 13-Step Beginner’s Guide

HomeLight

At this stage, official notice of default has been issued and is publicly available. And that prospect can be tricky, as these homes aren’t as easy to find as a house that’s listed on the MLS because they’re not for sale. But if you haven’t identified a preforeclosure home yet, then you’ll need to find one.

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How to Sell a House With a Realtor®, From Home Prep to Closing Day

HomeLight

A top agent found through HomeLight will help you set a competitive price, prep and stage your home, market and advertise your home, spread the word to brokers, conduct open houses, and more. The buyer’s financial health (mortgage pre-approval, down payment size, etc.). Stage, photograph, and market your home. Find Agent.

Closing 87
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iBuyer vs. Real Estate Agent: How Do the Experiences Compare?

HomeLight

An agent assists in preparing a home to look its best through careful staging reminiscent of an eye-catching department store window display. However, there still are some contingencies to clear before they can close, such as the home inspection , the home appraisal , and the buyer’s lender approving their mortgage. Home preparations.

Agents 89
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Selling a House ‘As Is’ in Maryland

HomeLight

MLS has field to mark a listing “as is”? I just had three sales last month where I lent the sellers the money needed to make the repairs and they netted almost triple the amount of money we put into the house,” Umanzor says. Consider a pre-listing inspection. No staging. Average days on market for Maryland. Disclosures.

As-is 94