Keeping Current Matters

OCTOBER 21, 2020

A decade ago, there wasn’t a forbearance option, and most banks did not put in other programs, like modifications and short sales, until very late in the crisis. Today, homeowners have several options because banks understand the three fundamental differences in today’s real estate market as compared to 2008: 1.

Equity 295

Equity Banks Closing costs Loans 295

HomeLight

OCTOBER 11, 2021

You see a house you love, but the listing shows that it is an “active pending short sale.”. And just what is a short sale, anyway? Is a short sale home purchase for you? And can you still make an offer on an active pending short sale? Short sales defined . Wait, what?

Short sale 101

Short sale Sales Banks Backup offer 101

HomeLight

MARCH 30, 2021

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.

Short sale 80

Short sale Sales Pre-approval Closing costs 80

The Close

FEBRUARY 19, 2025

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? The simple answer is that a short sale is when a homeowner owes more for their home than its current market value and puts it up for sale. What Happens in a Real Estate Short Sale?

Short sale 52

Short sale Sales Due diligence Purchase and sale agreement 52

HomeLight

JUNE 30, 2024

By using foreclosure websites, potential homebuyers and investors can find properties often priced below market value. These sites typically offer detailed information about each property, including price, location, photos, and contact details for the seller or the agency handling the sale.

Short sale 115

Short sale Banks Finance Investor 115

HomeLight

JULY 31, 2020

That means they should pay off any debts they have associated with the house and sit down with a real estate attorney to review all the pertinent documents for red flags before even putting the house on the market. Short sale. How it can delay closing. It can take weeks to months for the lender to approve a short sale.

Closing 119

Closing Purchase and sale agreement Title search Earnest money deposit 119

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.

Purchase and sale agreement 111

Purchase and sale agreement Short sale Loans Mortgages 111

HomeLight

JULY 25, 2022

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. The market is the largest driver of price,” Gore says. How Much Is Your Home Worth Now? Get a near-instant home value estimate from HomeLight for free.

Closing costs 111

Closing costs Equity Short sale Agents 111

Marco Santarelli

JULY 27, 2020

Let's get an overview of the Sacramento real estate market. This article has been updated to reflect recent changes in the housing market of Sacramento due to the coronavirus pandemic. The Sacramento housing market remains healthy and strongly skewed to sellers. In May, the median sales price decreased by 1.3%

Marketing 124

Marketing Investor Land Sales 124

HomeLight

JULY 25, 2022

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. There are signs that the market is now cooling as interest rates are on the rise. This provides a timely snapshot of your home’s market value.

Closing costs 110

Closing costs Short sale Equity Sales 110

HomeLight

AUGUST 31, 2021

The bank will then list the property on the market and try to sell the home in a similar fashion to your average property. Let’s take a look at the most common foreclosure sales and how they work. Short sale. A short sale isn’t necessarily a foreclosure sale, but it’s common to see a short sale done to avoid foreclosure.

Pre-approval 111

Pre-approval Short sale Banks Finance 111

HomeLight

FEBRUARY 17, 2022

In Texas, it typically takes around 86 days — nearly three months — to sell a home on the market using an agent. That includes an average of 32 days on market , plus the typical 54 days a buyer needs to close on a purchase loan. Not every seller has months to prep, market, show, and close. Our advice?

Closing costs 97

Closing costs Closing Sales Staging 97

The Close

JUNE 15, 2022

Closing costs 42. Who pays closing costs? Closing costs for seller 44. Short sale process. Cheap houses for sale 37. Waterfront homes for sale 38. Buying a house in a seller's market. Multi-family homes for sale 40. Who pays closing costs in Phoenix?

Closing costs 98

Closing costs Title Inspection Closing 98

Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. These properties are often priced below market value, making them attractive to buyers looking for a good deal or hoping to build equity quickly. What is foreclosure?

Pre-approval 34

Pre-approval FHA loan Short sale Banks 34

HomeLight

OCTOBER 30, 2020

When you still have months left until the bank starts initiating foreclosure, you have time to prep your home for sale , so that it shows well and sells for the best possible price. Don’t let any stigma keep you from making wise financial decisions about the sale of your home. Keep in close touch with your lender.

Short sale 105

Short sale Banks Equity Mortgages 105

HomeLight

JANUARY 10, 2023

Closing costs: You pay no closing costs; FL Cash Home Buyers covers them. Simple Sale has a network of cash buyers on its platform, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. Reviews : Simple Sale is a HomeLight platform, and HomeLight has 4.6

Closing costs 98

Closing costs Purchase and sale agreement Closing Sales 98

HomeLight

FEBRUARY 28, 2022

Just request a fair cash offer, choose your closing date, and walk away. Closing costs: You pay no closing costs; Sell Quick California covers them. Past sellers comment on fast and transparent communication from owner Marc as well as quick sales and fair offers. Quick sale.

Closing costs 97

Closing costs Closing Sales Staging 97

HomeLight

SEPTEMBER 1, 2022

Before the pandemic created a hot market, about 8% of appraisals came in lower than the offer on the home. The so-called appraisal gap began rising in frequency around July 2020, and by June 2021, there was a gap between sales price and appraised value in one-fifth of all home sales requiring financing. The house is unique.

Purchase and sale agreement 107

Purchase and sale agreement Earnest money deposit Short sale Loans 107

HomeLight

FEBRUARY 28, 2022

The company provides quick offers, flexible closing dates, and $10,000 in earnest money to show that it is serious when buying real estate. Closing costs: The Buy-Out Company covers a seller’s closing costs , but you are still responsible for any prorated property taxes owed. Quick sale.

Closing costs 98

Closing costs Closing Sales Staging 98

HomeLight

JULY 31, 2022

Essentially, equity is the market value of your property minus the amount of money you still owe on your mortgage loan. This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit.

VA loan 95

VA loan Purchase and sale agreement Short sale Pre-approval 95

HomeLight

MARCH 21, 2022

While selling to a We Buy Houses company offers a number of conveniences, house-buying businesses typically pay less than market value for the homes they purchase, and sometimes significantly so. They are another legitimate option for selling your home in the markets where they make purchases. How do companies that buy houses work?

Home sale contingency 105

Home sale contingency Closing costs Investor Sales 105

HomeLight

MAY 23, 2022

Median sales price in Indiana. Average days on market for Indiana. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure. You’ll get a check for $500, but you’ve lost 30 days on the market. Disclosures. Sell directly to a cash buyer.

As-is 118

As-is Purchase and sale agreement Inspection Closing costs 118

HomeLight

SEPTEMBER 8, 2020

“After closing, when we went back to our new home, the sellers had left Grandma behind!”. You might have heard some funny stories about home sellers from your friends and family, but not all home sales happen on the open market between individuals. Closing costs usually work out to between 3% and 6% of the loan’s total amount.

Closing costs 102

Closing costs Finance Loans Closing 102

HomeLight

JANUARY 6, 2023

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. The timeframe may vary depending on the company and market. Closing costs: Sellers pay no closing costs; As Is Now covers them.

Purchase and sale agreement 97

Purchase and sale agreement Closing costs Closing Sales 97

Redfin

JANUARY 28, 2025

FHA loans, backed by the Federal Housing Administration, offer a unique benefit: they can be assumed by a qualified buyer, potentially at a lower interest rate than current market rates. interest rate, but current market rates are closer to 6.5%, the buyer can lock in significant savings by assuming the sellers lower-rate loan.

FHA loan 31

FHA loan Loans Closing costs Mortgages 31

HomeLight

DECEMBER 29, 2020

But, as tough as this year has been, the real estate market has prevailed. HomeLight’s Q3 2020 survey reveals that 92% of surveyed real estate agents say they are experiencing a strong seller’s market, and they feel it’s going to stay that way for a while. Sellers have equity, and short sales are unlikely.

Short sale 105

Short sale Loans Equity Sales 105

The Close

APRIL 30, 2024

When it’s time for a price reduction, real estate agents must conduct market research and rely on the data. The primary indicator is obvious: The house just sits on the market while everything around it is flying off the shelves. Pricing real estate is an art and science. But it’s critical to dig deeper.

Agents 98

Agents Short sale Staging Sales 98

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. After one showing, sellers get a no-obligation offer and can choose their closing date. Reviews: Simple Sale is a HomeLight platform.

Purchase and sale agreement 97

Purchase and sale agreement Closing costs Closing Inspection 97

Redfin

DECEMBER 7, 2020

First-time homebuyers and investors will likely quickly buy up any foreclosed homes, leaving the larger housing market unimpacted. As a result, many financially stressed homeowners couldn’t even afford to sell their home after paying agent fees of 6% and closing costs, so they often ended up in foreclosure. from last year. .

Marketing 79

Marketing Equity Investor Loans 79

HomeLight

DECEMBER 6, 2022

Individual program details 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. The timeframe may vary depending on the company and market. Closing costs: Sellers pay no closing costs; the Buyout Company covers them.

Purchase and sale agreement 98

Purchase and sale agreement Closing costs Closing Sales 98

HomeLight

JANUARY 19, 2023

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. The timeframe may vary depending on the company and market. Closing costs: Sellers pay no closing costs.

Purchase and sale agreement 97

Purchase and sale agreement Closing costs Closing Sales 97

HomeLight

MAY 19, 2022

Median sales price in Maryland. Average days on market for Maryland. An agent gives simple presentation tips to improve marketing, helps to set an appropriate price that reflects the home’s condition, and works to find a buyer willing and eager to buy your home in its current state. Disclosures. Highlight the surrounding area.

As-is 119

As-is Inspection Investor Closing costs 119

HomeLight

SEPTEMBER 30, 2020

And what about those closing costs or repair expenses? Sanchez adds that major credit setbacks such as a short sale or foreclosure means a buyer will most likely have to wait at least seven years before being able to qualify for a new loan. Closing costs were much more than we anticipated,” says Tarra. “We

Loans 98

Loans Closing costs Short sale Closing 98

HomeLight

AUGUST 24, 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. Closing dates are set at the seller’s discretion, and they can have cash in hand within 7 days. Individual investor fees may vary.

Closing costs 97

Closing costs Purchase and sale agreement Closing Staging 97

HomeLight

FEBRUARY 16, 2023

Individual program details 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. The timeframe may vary depending on the company and market. Closing costs: Sellers pay no closing costs; We Buy Houses covers them.

Purchase and sale agreement 98

Purchase and sale agreement Closing costs Closing Sales 98

HomeLight

APRIL 15, 2022

After some email back-and-forth, they get their final iBuyer offer: Offer details: 98% of what a real estate agent estimated they could earn, minus a 5% service fee, a $2,000 repair credit, and 1% in closing costs. . They find this offer to be satisfactory and are able to close in days without mortgage lender involvement.

Title 109

Title House Flipping Title search Sales 109

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).

As-is 112

As-is Purchase and sale agreement VA loan Inspection 112