Remove MLS Remove Pre-approval Remove Short sale Remove VA loan
article thumbnail

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. Know if a short sale is the best option for you.

article thumbnail

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

The Close

It’s an official form certifying that a veteran has met the terms that qualify someone for a VA loan. VA loans might have a lot of red tape, but they can be excellent, affordable options for service members and their spouses. Freddie Mac is the common name for the Federal Home Loan Mortgage Corporation, or FHLMC.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

HomeLight

For this type of home purchase, you can get either a conventional loan or government loan (such as an FHA loan or VA loan ). And that prospect can be tricky, as these homes aren’t as easy to find as a house that’s listed on the MLS because they’re not for sale. Step 3: Find your house.

article thumbnail

Selling a House ‘As Is’ in Maryland

HomeLight

MLS has field to mark a listing “as is”? I just had three sales last month where I lent the sellers the money needed to make the repairs and they netted almost triple the amount of money we put into the house,” Umanzor says. Consider a pre-listing inspection. Be aware of minimum property standards for certain loans.

As-is 94
article thumbnail

Selling a House ‘As Is’ in Massachusetts

HomeLight

MLS has field to mark a listing “as is”? Consider a pre-listing inspection. A pre-listing home inspection is the same as a standard home inspection except that the seller pays for it before listing their home on the market. That being said, a pre-listing inspection isn’t a necessity. Real estate transfer taxes?

As-is 86