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What’s the Difference Between a House Under Contract and a Pending Sale?

RIS Media

A title search may reveal a lien on the property, the buyer may be unable to get financing because of a low credit score or high debt-to-income ratio, or the house may appraise for less than the agreed-upon price. Sometimes an MLS doesn’t have a status label available that accurately reflects a house’s status.

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Buying a Home in Foreclosure: What to Expect from a Foreclosure Auction

Point2Homes

The local government websites are a good starting point, but you can also check out real estate websites, MLS reports and even local newspapers. The easiest way to assess the property’s condition is to visit and take a look at the exterior , searching for any signs of damage, squatting, etc. Find Local Listings.

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Home Buyers: Be Aware of These Red Flags to Avoid Getting Scammed by Fake Home Sellers

Lighter Side of Real Estate

You’re more likely at risk when a property is not listed through real estate agents, and is being marketed for sale by the alleged owner online, but a scammer could possibly sneak past a listing agent’s scrutiny and get listed on the MLS. Make sure to have a title search done, and buy a title insurance policy.

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Unsolved Mysteries: 9 Ways to Find the History of a Property Online

HomeLight

If you’re more interested in knowing what various prices a house has sold for over the years, then the multiple listing service (MLS) can help you with that. The MLS is a realtor database that generally has fairly comprehensive information curated from multiple resources, including the homeowner themselves. Conduct a title search.

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How Fast Can I Sell My House? It Can Take 75 Days or 12

HomeLight

The days a home is on market, also called time on the market, means the length of time between the day the home is listed on the local multiple listing services (MLS) and the day the seller accepts an offer and it goes under contract. A title search can take up to 14 days. What do days on market mean?

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Heads Up Seller: You’re on the Hook for Paying Both Real Estate Agents’ Commission

HomeLight

Furthermore, flat-fee agents usually only provide limited services like setting up lockboxes for vacant home showings or simply listing your property on the MLS. Searching the MLS: A buyer’s agent has access to the Multiple Listing Service, meaning that they offer their clients a broader selection of potential properties.

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What Is an REO Property, and How to Buy One?

Point2Homes

You will still need to check MLS listings, research the local market, consider your financing options, obtain an appraisal and inspection, make an offer , negotiate and close the deal. Ideally, you should hire a company to run a full title search before closing to avoid unpleasant surprises. Buying an REO Property.