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How Long Does a Short Sale Take? What to Expect When You’re Buying Short

HomeLight

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? It’s a long sale.

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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

You’re reading through a new MLS listing, and you believe you found your ideal home. Let’s take a look at the most common foreclosure sales and how they work. Short sale. A short sale isn’t necessarily a foreclosure sale, but it’s common to see a short sale done to avoid foreclosure.

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Find Real Estate Cash Buyers for a Speedy Sale

HomeLight

Investors making a cash offer are more likely to purchase a house as-is , so you can cut costs for renovations , staging , and curb appeal projects. You’ll avoid the inconvenience of showings, open houses, and renovations. Simple Sale, a solution from HomeLight, has a network of real estate cash buyers on its platform.

Sales 101
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Buying REO Homes? Here’s What to Do — And What Not to Do — According to Experts

HomeLight

You can look for these homes on the multiple listing service (MLS) or on various auction sites. Most REOs are sold on the MLS,” explains Todd Miller, who worked in mortgage banking for over a decade, has purchased several REO homes, and now runs the personal finance website TightwadTodd.com. Finding REO homes: How the experts do it.

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This Is How To Profitably Find Houses To Flip In 2023

Kyle Handy

You want to purchase a property from someone who needs to sell it at a fair value and then renovate it using your knowledge, skills, and connections. 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 lot of people today want to do self-service.

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Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

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. I can do that from my phone.”

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5 Keys To Know About an ‘As Is’ Home Sale Before You Try One

HomeLight

According to the 2020 Profile of Home Buyers and Sellers from the National Association of Realtors (NAR), 44% of buyers who purchased new homes did so to avoid renovations and problems with plumbing or electricity. Buyers fear inheriting a house with a host of hidden problems. Enter real estate disclosures.

As-is 101