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Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes

HomeLight

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

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This savagely unhealthy housing market needs higher rates

Housing Wire

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. month supply at the current sales pace. Inventory is always seasonal.

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What do economic trends mean for housing in 2023?

Housing Wire

As broader economic events have taken center stage since last summer, the market has grown increasingly volatile. Back when prices were falling by as much as 50% or 60%, California was at nearly 18 months of housing supply as REOs and short-sales flooded the market. To register, go here. In March 2023, it was just 2.2

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Need to sell your house fast? Here are 7 great options

Housing Wire

Most real estate agents deal with primary homeowners and homebuyers, so they may market an investment property to the wrong audience, delaying the sale. If it looks unkempt from the outside or the inside is cluttered and not staged, it could take longer, even if the layout and overall condition of the home are good.

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Foreclosed Properties: How to Buy One and Whether You Should

Realty Biz

Finding properties in one of the stages of foreclosure is often as easy as looking through a simple Zillow search. When to Look for Foreclosures Christina says that one of the best opportunities is at the earliest stage of foreclosure. These sales can be slow ,” says Christina, “and you are at the mercy of the bank.

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Price Reduction in Real Estate: A 5-step Guide for Agents

The Close

Take Action Before Reducing the Price Before making a price reduction, real estate agents should ensure there is nothing more they can do to facilitate more showings and a faster sale. If the CMA is on point, the listing might benefit from home staging and improved curb appeal by cleaning up the front yard and painting.

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Find Real Estate Cash Buyers for a Speedy Sale

HomeLight

Whether you’re an investor looking for a speedy sale so you can move on to your next deal or a homeowner trying to unload a property quickly to avoid financial strain, you’re in search of real estate cash buyers to purchase your house without a lengthy or uncertain process. Reduce the time it takes to close your sale.

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