Realty Biz

AUGUST 29, 2022

Many more homes have been sold since then and some have even gone through short sales. But what is a short sale exactly, and how is it any different than a regular sale, bankruptcy, or foreclosure? How does a short sale affect you as a homeowner? What You Need to Know About Short Sales.

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Short sale Sales Bankruptcy Banks 107

CT Homes

FEBRUARY 3, 2022

A defining term that emerged shortly after the collapse was the “short sale”. In the years following, short sales were the driving force behind a majority of all total real estate transactions. But what is the short sale process and how does it work? . What is a Short Sale?

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HomeLight

AUGUST 16, 2021

Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. Since this segment of the market is moving really quickly right now, Christina is here to share the systems and scripts that she’s used to help sell more than 2000 distressed properties in her 20-year career. Auction.com.

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Marketing Short sale Bankruptcy Banks 76

HomeLight

MARCH 31, 2022

The buyer may still request a home inspection so they know exactly what they’re getting, but you won’t have to tackle any repairs that could hold up the sale. Jeff Lurie , a real estate agent in Suffolk, Virginia, who works with 85% more single family homes than the average Suffolk agent, frequently sees this in his market.

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As-is Inspection Investor Short sale 122

HomeLight

MAY 24, 2022

In a competitive market, paying cash could help you beat out other homebuyers. While this typically takes just a few days, if the home has been through a foreclosure or short sale, it could take longer. The sale can’t close until these liens have been cleared. Bankruptcy. What if the seller has declared bankruptcy?

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Purchase and sale agreement Closing Title search Title 111

Kyle Handy

JANUARY 20, 2023

They’re putting old and damaged housing stock back onto the market. Content Marketing and SEO 7. When looking through Zillow and Trulia, pay attention to the houses selling under market value; there’s a reason. If you can come in with something approaching fair market value, you’ll have a flip house in no time.

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House Flipping Bankruptcy Renovation Investor 89

HomeLight

JANUARY 13, 2022

Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. In other words, the primary deal on an active contingent listing might (maybe) fall through, causing sellers to place their home back on the market — or accept a backup offer. “I Title contingencies cannot be waived. Zoning contingencies.

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The Close

MARCH 15, 2022

I’ve been in real estate for 27 years and I’ve never seen anything like this market. Free Template: Housing Market Infographic. 2022 Market Factors Indicative of a Coming Housing Bubble Pop. Institutional Investors Are Changing the Market. Almost everywhere you look, there are double-digit price increases.

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Agents Investor Banks Land 98

The Residential Specialist

JUNE 30, 2021

For example, if spouse A’s new boyfriend moves into the house while it’s on the market, it may be of significant interest to spouse B. But it’s not material to the sale and probably should not be disclosed. Thompson compares the toughness of divorce listings to short sales. says Stevens.

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HomeLight

JULY 31, 2021

“This gives us a good idea of the condition of the property, so we know where we can provide value in the sale. If the whole house has been renovated recently and the seller wants full market value, they’re typically better off working with an agent.”. Step 2: Research your local cash buyer market. Good bones.

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HomeLight

MAY 23, 2022

Schaus did advise her client to contact a junk removal company to clear out the house, but that was the only preparation made before the house hit the market. “[The HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. 359,600 (April 2022).

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As-is Purchase and sale agreement VA loan Inspection 112

HomeLight

AUGUST 10, 2022

Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. In Atlanta, it typically takes around 115 days to sell a home on the market using an agent.

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Housing Wire

FEBRUARY 14, 2025

Its been over a decade that many of you have been waiting for a repeat of the 2008 housing crash, hoping for a market shake-up. Foreclosures and bankruptcy The housing bubble years were marked by a massive credit boom and not necessarily due to low mortgage rates. Happy Valentines Day to all the housing bubble dreamers!

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Bankruptcy Loans Equity Short sale 482

HomeLight

DECEMBER 2, 2021

One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale? Once you gain the lender’s approval, you can list your home for sale. Source: (Vidar Nordli-Mathisen / Unsplash).

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Short sale Sales Loans Banks 104

The Close

DECEMBER 27, 2022

I bought my first investment property at 21 years old, before I really understood the potential impact of real estate market cycles. But it took time and experience to figure out the particular moments in a real estate market cycle that are better for different types of investing. Understanding Real Estate Market Cycles.

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HomeLight

DECEMBER 1, 2021

Maybe you got caught up in a bidding war, bought at a market peak, and buyer interest (along with home values) has since cooled. Maybe the real estate market took a dive and you went overboard on past home renovations. Here’s when you may want to reconsider — or at least carefully weigh the consequences of — a home sale.

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The Close

JANUARY 13, 2025

Explore online listing sites and public records, or get creative with marketing and advertising strategies. Buying the right property at the right price, ideally below market value, maximizes profits. Theyre user-friendly and give you lots of info about properties and the local market, which helps you spot good houses to flip.

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House Flipping Investor Renovation Short sale 98

HomeLight

JUNE 19, 2023

Step 1: Request Offer Why you might need to sell your Florida house fast If you’re facing any of these life challenges, a fast home sale may be the solution you need: Tight financial situation: Selling your house fast can bring relief from overwhelming medical bills, bankruptcy, or escalating credit card debt.

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HomeLight

JULY 31, 2020

There are many issues that can arise from a title search on a home for sale — some small, some big — that must be addressed before the property can be legally transferred to the new owner. Short sale. A short sale is when a mortgage lender agrees to accept a lower payoff amount than the remaining balance owed on a home.

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Closing Purchase and sale agreement Title search Earnest money deposit 119

HomeLight

OCTOBER 29, 2020

The need for a competitive offer is stronger than ever these days, when experts nationwide agree that the events of 2020 have created a robust seller’s market. Writing this contingency into your offer usually involves specifying a certain date by which your sale will be settled, whereupon you can move forward with your next purchase.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 81

HomeLight

JULY 29, 2022

In a traditional market, buyers won’t want to close until the issue is resolved. There are certain properties I would immediately order a title search before I do anything else: A foreclosure , a short sale , a bankruptcy, an estate sale,” Houck says. Get it ASAP and look it over thoroughly.

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