7 truths new agents need to know about short sales

Inman

Short sales can help homeowners in need get out of a financial obligation they can no longer afford ethically — but only if agents handle it right. Here are a few things agents need to consider before handling a short sale.

There’s No Shortage on Short Sales

RIS Media

The post There’s No Shortage on Short Sales appeared first on RISMedia. Tip of the Day

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Short Sale Mortgage Loans: What Borrowers Need To Know

HomeLight

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home.

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?

How to buy a short sale home

The Mortgage Report

Buying a short sale home can get you a great deal. But the short sale process can be challenging. Here's what to expect when buying a short sale. Real Estate

The Basics of Short Sales for Buyers and Sellers

Homes.com

Short sales can save homebuyers money, but are often complex processes requiring patience and expert guidance. The post The Basics of Short Sales for Buyers and Sellers appeared first on Homes.com. Buying Kitchen Sink lew lew sichelman short sales

Buying a Short Sale Property? Your Guide to Short Sale Requirements for Buyers

HomeLight

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck.

What Is A Short Sale and Is It A Good Idea As A Buyer?

HomeLight

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. How do short sales work? Short sales do however present some advantages for lenders. Find an agent with short sale experience.

There’s No Shortage on Short Sales

RIS Media

The post There’s No Shortage on Short Sales appeared first on RISMedia. Tip of the Day

13 Short Sale Tips So You Get a Dream Deal, Not a Nightmare Scenario

HomeLight

You may have heard a little bit about short sales — enough to know that this type of real estate listing can present some opportunities to get a good deal. But while short sales offer potential opportunities , they come with plenty of potential pitfalls as well.

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? Distressed or short sales.

Hit Them With Your Best Shot: How Much to Offer on a Short Sale

HomeLight

But what if it’s a different kind of sale … for example, how much should you offer on a short sale? Enter the short sale : a solution for the seller, and a special opportunity for a buyer. What’s a short sale? How a short sale works.

4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures

Keeping Current Matters

million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. When foreclosures hit the market in 2008, there was an excess supply of homes for sale. In 2008, there was a 9-month supply of listings for sale.

Understand Your Options To Avoid Foreclosure

Keeping Current Matters

Short sale. We’ll be able to give you an estimate of what your house could sell for based on recent sales of similar homes in your area. Distressed Properties For Sellers Foreclosures Housing Market Updates Pricing Short Sales Content Hub

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Will Forbearance Plans Lead to a Tsunami of Foreclosures?

Keeping Current Matters

Michael Sklarz, President at Collateral Analytics : “We may very well see a meaningful increase in the number of homes listed for sale as these borrowers choose to sell at what is arguably an intermediate top in the market and downsize to more affordable homes rather than face foreclosure.”.

3 reasons choosing a niche is the best thing I did for my career

Inman

Agent Luxury Luxury Lens Marketing Opinion Select Service Teams choosing a niche finding a niche niche niches Nicole Espinosa short sales

Eviction and foreclosure moratoriums expire

Inman

Several economists and housing experts share what could unfold for homeowners, renters and the overall economy when the CDC's eviction and foreclosure moratorium ends on July 31.

How agents can nab new inventory as moratoriums expire

Inman

It's unclear exactly how many properties will be freed up after federal eviction and foreclosure moratoriums expire at the end of July. But whichever way it goes, agents will want to be prepared.

How to help homeowners when they file bankruptcy

Inman

Agent Sponsored bankruptcy BK Global foreclosure How to help homeowners when they file bankruptcy short saleFor many homeowners, bankruptcy may be a much smarter choice than facing foreclosure. But they may not have all the information they need to make the right decision.

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

HomeLight

REOs for short, these kinds of sales expose buyers to a lot of potential risk. But they also provide a lot of opportunity for big return on investment, too — much bigger, and faster, than you might expect with many traditional sales. What is an REO sale?

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

HomeLight

They’ll put the house up for auction either in a sheriff’s or public trustee sale (the name depends on what foreclosure process your state follows). Different types of foreclosure sales. Distressed sales accounted for just 1% of all home sales in April 2021. Short sale.

How to Buy a House at Auction: A Guide for Foreclosure Newbies

HomeLight

Department of Housing and Urban Development (HUD) homes for sale portal. Reserve auctions are similar to minimum-bid auctions in that there is a fixed price that must be met to finalize the sale, but a reserve price is kept under wraps, while a minimum bid is clearly stated.

Selling Your California Rental? 6 Tips to Navigate the State’s Tenant-Friendly Laws

HomeLight

But before you plant that for-sale sign, you need to know the rights of your tenants. You’ll net a lot more on the sale because it’s much easier to sell a property without an uncooperative tenant.”. Flipping, Investing, & Short Sales Selling Advice

How to Find Cash Home Buyers in Pittsburgh: A Seller’s Guide

HomeLight

Timeline of a cash sale in Pittsburgh. Most recently, a nationwide home-buying surge has pushed values even higher — Howard Hanna shows a median sale price in Pittsburgh of $235,238, in 2021. Timeline of a cash sale in Pittsburgh. That’s the ease of Simple Sale !

How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

Reports from the National Association of Realtors show that nearly a quarter of existing home sales were made with all-cash in the spring of 2021 — but how do you go about finding your cash buyer? Through Simple Sale , HomeLight provides you with an all-cash offer for your home.

‘We Buy Ugly Houses®, Explained:’ 10 Things to Know About the House Flipping Franchise

HomeLight

Even so, HomeVestor franchises’ average sale price was 10% more than that of the previous year due to the unexpected housing boom that pushed home values upward. billion in sales. It took sellers time to trust the simple process of a cash, ‘as is’ sale.

How to Connect with Cash Home Buyers in San Antonio

HomeLight

Whether you’re a retiree looking to downsize from a large suburban home or a landlord ready to unload a River Walk rental condo, finding cash home buyers in San Antonio will be the best way to fast-track the sale and move you closer to your goals. Timeline for a cash sale in San Antonio.

Working with Cash Home Buyers in Phoenix: A Seller’s Guide

HomeLight

Whether you’re downsizing to a retirement home in Papago Park or looking to escape the realities of Phoenix’s 100-degree Halloweens, scary scorpions, and small yards — you can likely get cash for Phoenix residence in short order. Timeline for a cash sale in Phoenix.

10 Steps to Sell Your Multi-family Home for All It’s Worth

HomeLight

For instance, if you own a newer building in a popular tourist destination, include some income projections for short-term and vacation rentals in your listing to entice investors looking for Airbnb rentals. In some circumstances, evicting a tenant may be necessary to secure a sale.

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

HomeLight

These are all items that you may see listed for sale “as is” on sites like Facebook Marketplace or Craigslist. So how do “as is” sales in furniture and retail translate to “as is” sales in real estate? But not every “as is” home sale falls into that category.

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Should You Sell Your House to a Flipper? 5 Key Considerations

HomeLight

A traditional sale might be what you had in mind when you originally bought your home. The structure “had to be taken down to the studs,” Griffin says, not the ideal condition for a conventional sale. Flipping, Investing, & Short Sales Selling Advice

How to Sell a Fixer-Upper House Fast: 9 Shortcuts to an Offer

HomeLight

According to HomeLight’s data, a deep clean can add more than $1,700 to a home’s sale price, and is likely to speed up the sale process. But a fixer-upper that’s selling as-is won’t command as high of a sale price. Flipping, Investing, & Short Sales Selling Advice

How do Foreclosure Auctions Work? How to Find Properties, Research, and Bid

HomeLight

Durham says that in Georgia, foreclosures must be advertised for four weeks leading up to the sale. “If Unlike live auctions, many auction websites charge a fee on top of the sale price. “If Buyers Financing Short Sales, Foreclosures, & Bank-Owned Homes

Building a Guest House 101: Get Your Accessory Dwelling Unit Up and Running

HomeLight

In response to Airbnb and VRBO, many cities are placing restrictions on short-term rentals to prevent local housing from morphing into hotels. Minimum short-term rental lengths. Maximum days use as a short-term rental per year.

What Are the Pros and Cons of Buying a Bank-Owned Home?

HomeLight

Some potential homebuyers pass over foreclosures or buying a bank-owned home entirely because they are daunted by the special considerations that go into this kind of sale. If it does sell, the lender gets back some of the outstanding loan amount through the sale.

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