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

The Close

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Active contingent. Call option.

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

HomeLight

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. At this stage, official notice of default has been issued and is publicly available. Source: (LinkedIn Sales Solutions / Unsplash).

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Selling a House ‘As Is’ in North Carolina

HomeLight

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. MLS has field to mark a listing “as is”? “As is” is a type of home sale where it’s understood that no improvements will be made to the property. Request Cash Offer.

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What Home Sellers Need to Know about Closing Costs in Kentucky

HomeLight

If you’re selling your Kentucky home, you may be wondering how much you’ll make on the sale, what required costs will eat into your profit, and where you can cut costs. This means understanding which fees you’ll be responsible for when the sale closes. Percentage of sale or flat price. 150,000 sale). Closing cost.

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How To Find Buyer & Seller Leads In The Current Market

Easy Agent Pro

For active military or veterans, serving this niche requires an understanding of service requirements, property requirements, and fees that are part of VA loans. Finding out why a client is purchasing a home is an important foundation to start your relationship. Sales numbers speak volumes to sellers as well. Landlords

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Selling a House ‘As Is’ in Indiana

HomeLight

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in 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”?

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Selling a House ‘As Is’ in Texas

HomeLight

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Texas. MLS has field to mark a listing “as is”? As is” is a type of home sale where it’s understood that no improvements will be made to the property. Sell 'As Is' With a Cash Offer.

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