HomeLight

MARCH 3, 2025

The most common request I get for as-is sales, are situations where a house is in significant disrepair. Those are the two types of situations in which I typically see a request for an as-is sale, Connor adds. MLS has a field to mark a listing as is? $100 Its much more common than you might think!

As-is

HomeLight

JULY 23, 2021

One term you’ll likely hear often during the homebuying process is “MLS,” which stands for multiple listing service. The MLS is a real estate database of all the homes in your area that are currently for sale, pending sale, or have recently been sold, and so much more. How do I know where a home is in the sales process?

MLS

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. An offer has been accepted, and the sale is expected to close.

MLS

Toronto Realty Blog

JANUARY 27, 2023

The letters “SC” on an MLS listing mean the property is “sold conditionally,” and agents not only know this, but are quite accustomed to seeing it on listings. Let’s say that your home in listed for sale and you receive an offer, but the offer has a condition. SCE What in the world is that?

Purchase and sale agreement

Realty Biz

JANUARY 19, 2024

From three decades working as a Realtor, there are common denominators for first-time home buyers going through the purchase process with ease. This includes understanding the terminology, legal aspects, and financial considerations of purchasing a property. By following these steps, you can easily navigate the real estate market.

Debt-to-income ratio

HomeLight

AUGUST 16, 2021

And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. Though short sales aren’t as prevalent today as they were following the Great Recession , they’re not impossible to find, and good deals for buyers can still be had. What exactly is a short sale? It’s a long sale.

Short sale

HomeLight

JANUARY 28, 2022

Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year. The average real estate agent commission rate nationwide is 5.8% Average home price.

Agents

HomeLight

NOVEMBER 29, 2021

According to the National Association of Realtors® (NAR) 2020 Profile of Home Buyers and Sellers, 8% of homeowners opted to sell for sale by owner , or FSBO. It takes more than a for sale sign staked to your front lawn to sell a home without an experienced agent. Prepare your home for sale. Source: (Kelly Sikkema / Unsplash).

Purchase and sale agreement

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

Purchase and sale agreement

HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Average home sale price in Florida: $530,419 (Jan 2022).

Purchase and sale agreement

HomeLight

MARCH 31, 2022

price increase , pushing median sale prices to upward of $350,000. With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. Median sales price: $449,900 (Feb. Median sales price: $449,900 (Feb. 2022 , a 28.5%

Purchase and sale agreement

Broke Agent Media

FEBRUARY 21, 2023

Let’s say, for example, you use the square footage for a property that was on a previous MLS listing—or it was given to you by the seller. With that in mind, arm yourself by getting acquainted with the five main reasons real estate agents end up in court. #1—Breach Know what your client has a right to expect of you.

Purchase and sale agreement

HomeLight

APRIL 28, 2023

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. That 6% is deducted from the seller’s proceeds at closing.

Purchase and sale agreement

HomeLight

AUGUST 24, 2022

Looking to connect with a Florida cash home buyer for a quick sale in the Sunshine State? HomeLight’s Simple Sale platform provides all-cash offers, giving clients a fast, stress-free home selling experience without having to worry about additional repairs or prep work and with no additional fees, commissions, or upfront costs.

Purchase and sale agreement

HomeLight

SEPTEMBER 30, 2021

Though homebuyers tend to begin their search online , 89% of them ultimately purchase their home through a Realtor®. Realtor® fees cover the cost of both buyer’s agents and listing agents for home purchases. These fees are a percentage of the home’s sale price, usually around 5%-6%. Other duties include: Searching the MLS.

Purchase and sale agreement

The Close

AUGUST 6, 2024

As an agent and homeowner, I represented myself during the sale of my as-is property five years ago, and I’m going to help you be prepared to answer “How do I sell my house as-is?” The buyer ultimately assumes all risks and responsibilities for any issues that may arise post-purchase. ” for your clients.

As-is

HomeLight

JANUARY 28, 2022

We buy houses” companies are flippers who purchase properties “as is” for cash and renovate them, generating a profit at resale. We buy houses” operations are cash buyers or house buying companies that purchase homes directly from homeowners. Need a quick sale? Source: (Butterfly Moon / Unsplash).

Purchase and sale agreement

HomeLight

FEBRUARY 4, 2022

If you haven’t purchased a home before, you probably have lots of questions about the process. Source: (LinkedIn Sales Solutions / Unsplash). Work with you to write a compelling purchase offer. Coordinate with the closing attorney and seller’s agent to finalize the sale. … An agent is your advocate. And lots more!

Agents

HomeLight

JANUARY 27, 2023

Or perhaps you’re thinking about listing your current home for sale. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Is the MLS trustworthy? Do property value lookup tools really help? Get Estimate 1.

Purchase and sale agreement

HomeLight

JULY 12, 2022

If you are thinking about selling your home, those low-hassle, convenient, fast-sale pitches may pique your interest. You may be curious about getting an online quote for the sale of your home. These buyers will provide an online quote to purchase your home—often sight-unseen. Like you, they thought there had to be a catch.

Purchase and sale agreement

HomeLight

MAY 27, 2021

With their insight, we’ll shed light on how the inspection and appraisal can affect your home sale. In a home sale, it’s customary for the homebuyer to commission and pay for the home inspection. In a home sale, the buyer’s lender frequently orders an appraisal as a condition of the buyer’s loan. What is a home inspection?

Inspection

The Close

FEBRUARY 19, 2025

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? The simple answer is that a short sale is when a homeowner owes more for their home than its current market value and puts it up for sale. What Happens in a Real Estate Short Sale? Lets begin!

Short sale

HomeLight

NOVEMBER 14, 2022

When the time comes to move, some tenacious homeowners in New York are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

Purchase and sale agreement

GeekEstate

OCTOBER 16, 2020

Opendoor has ambitious plans to reach nearly 38,000 annual home sales and $10 billion in revenue by 2023. The company sold nearly 19,000 homes in 2019 (about 70 transactions per business day) and purchased thousands more. This allows the company to scale home purchase volume without tapping its own balance sheet.

Purchase and sale agreement

The Close

APRIL 26, 2022

Our persistence and strategy led to more than $1 billion in sales in 2021 and we’re on track to hit our goal of closing a thousand buyers in 2022. The secret is to get access to homes before there is a lot of competition for them through the MLS. Steve, Inside Sales Associate, The Reynolds Team Virginia. That’s simple.

Backup offer

Marco Santarelli

AUGUST 16, 2024

Cheap doesn't mean dilapidated: While properties requiring renovations can offer significant discounts, avoid equating “cheap” with uninhabitable. Factor in all costs: The purchase price is just the tip of the iceberg. Factor in down payment, closing costs, renovation expenses, and a reserve fund for unexpected repairs.

Due diligence

Toronto Realty Blog

JULY 9, 2021

There are dozens of pages of calcuations of condo maintenance fees that don’t require attention, not to mention legal descriptions of units, lockers, and parking of all units in the building, along with a lot of other information that’s not pertinent to the purchase or sale of a particular unit. Boring, right?

Purchase and sale agreement

Realty Biz

SEPTEMBER 28, 2022

The appraiser will notice this form along with the purchase agreement. If a seller wants to sell their house for the top dollar, they may want to consider fixing their home before putting it on sale. What Kind Of Buyer Would Purchase A Home With A Leaky Roof As Is? They will make most of their own carpentry repairs.

Purchase and sale agreement

HomeLight

MARCH 30, 2022

To best meet your homeownership needs, the real estate company you choose should have expertise in the local market, a high number of home sales under their belt, a quick turnaround on home sales, and a track record of ethical transactions. A real estate brokerage is only as good as the agent you choose. Find Agent.

Residential

Toronto Realty Blog

JULY 24, 2020

This new purchase was to be their eventual home together, but for now, they would put a tenant in the unit and continue to live in mom-and-dad’s place. My colleague put the unit on MLS and another agent, a reputable one, who works in the area, brought an offer to lease. ” This story frustrated the hell out of me.

Purchase and sale agreement

The Close

APRIL 23, 2025

As such, its handy if you want to look up detailed past or current information about a property, such as previous owners, deeds, property tax amounts, and sale history. It has tools that allow users to find homes listed for sale or rent, get an estimate for how much a property is worth, and gather specific data regarding a property.

Purchase and sale agreement

The Close

JUNE 2, 2022

Let’s have a follow-up call to go through the agreement I left you and any questions you may have with my marketing plan. With interest rates rising quickly and so much uncertainty in the markets, sticking to the timeline I laid out in our meeting and getting your home on the MLS by [date] will be key in getting that price for your home. .

Purchase and sale agreement

HomeLight

JANUARY 10, 2023

With such impressive sales figures, some sellers may be curious about how to sell a house by owner in California — a decision that could help them save on agent commissions. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Fast Fasts for Selling a House in California.

Purchase and sale agreement

Realty Biz

DECEMBER 2, 2020

Real estate purchases and investments are major life accomplishments. Non-Disclosure Agreement (NDA) business concept. Non-Disclosure Agreement (NDA) business concept. Businessman draw scheme representing Nondisclosure Agreement. Property disclosure agreements protect homebuyers from these kinds of fraud.

Purchase and sale agreement

HomeLight

JULY 25, 2022

JoAnn and her business partner and husband, Thomas “Tom” Jacobs, have sold real estate in Tallahassee, Florida, for more than 24 years and have completed the sale of 100% of their listings. Sellers are interested in listing their home ‘as is’ because they want a sale with an easy transaction and a lot less hassle,” says Tom.

As-is

HomeLight

DECEMBER 7, 2021

Source: (LinkedIn Sales Solutions / Unsplash). The buyer’s agent will help the buyer understand the inspection report and decide whether to buy the house, ask for repairs, or cancel the purchase contract based on the inspection findings. It’s part of a legal business agreement between the buyer and the home inspector.

Inspection

The Close

MAY 23, 2025

On the expense side, youll want categories like marketing and advertising, MLS fees, brokerage splits, continuing education, software tools, mileage, and home staging costs. Leasing fees: Recognized when a lease agreement is executed and your service is complete. Retainers: Deferred until services are delivered.

Purchase and sale agreement