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How Does an Appraisal Gap Coverage Clause Work

Realty Biz

In the current real estate market, many property buyers choose to finance their purchases. However, with the current market heavily favoring sellers, quite a few buyers who would otherwise be taking out a mortgage are paying cash. Doing so will satisfy the lender and allow the sale to proceed. 400,000 vs. $384,000.

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Land of the First Boardwalk: Down Payment Assistance in New Jersey

HomeLight

The amount varies, but it is usually based on a percentage of the home’s purchase price. William Hagan , a New Jersey agent who typically sells homes more than 40% faster than the average agent in his area, warns that even a 20% down payment may not be enough to win a bidding war in the 2021 sales market. “In

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Las Vegas Real Estate Market 2020 Overview

Marco Santarelli

According to the association of local realtors (LVR), July had the most amount of home sales since 2017 with more than 4,000 existing homes sold. In July, the median sales price of previously owned single-family homes, which comprises of the bulk of the Southern Nevada's housing market, increased to $330,000, a year-over-year increase of 8.9

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

The Close

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Active contingent. Call option.

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Phoenix Real Estate Market & Investment Overview 2020

Marco Santarelli

It could only pause sales, which in turn created a huge pent up demand. The Phoenix real estate market has not only recovered after a slump due to COVID-19 but the demand has reached new heights. In July, the median sales price — up 3.3% Ideally, a buyer would prefer a sale to asking price ratio that’s closer to 90%.

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Nashville Real Estate Market Trends & Investment Outlook

Marco Santarelli

Nashville housing market remains one of the hottest markets in the US. Despite the pandemic led economic slowdown, there is healthy demand to purchase homes in the Nashville real estate market. Nashville too has seen an influx of buyers coming from larger markets like Seattle, New York, and California. — 63.

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Minneapolis Real Estate Market & Investment Overview 2021

Marco Santarelli

in home sales. The median sales price continued to uptick. Minneapolis–Saint Paul Housing Market Trends 2021 (Describes Twin Cities). Housing demand continues to rise, resulting in a scarcity of available inventory on the market. In May, homes spent a median seven days on market, which is down 56.3