Remove Closing Remove Land Remove Short sale
article thumbnail

9 Tips for Buying a Preforeclosure (Especially If It’s Your First)

HomeLight

As youre getting familiar with the lay of the land eyeballing homes that seem to meet your criteria and fit your budget , daring to let yourself feel excited about the possibilities maybe you stumble upon a listing marked as a preforeclosure. The nature of a short sale is that the homeowner owes more than what the home is worth.

article thumbnail

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? It’s a long sale.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

HomeLight

You know that old saying, “when one door closes, another one opens”? But what if it’s a different kind of sale … for example, how much should you offer on a short sale? So it’s a cycle of closing old chapters and starting new ones — and that doesn’t always happen in a clean-cut, seamless way.

article thumbnail

Karen Copeland of First Team Real Estate Closes $5.3 Million Commercial Sale

First Team Real Estate

Million, with both sides, the gross sale amounts to a total of $5.3 The 7-unit shopping center consisted of 2 buildings totaling 8,850 square feet on one acre of land adjacent to the I 15 Freeway offramp. Selling the center for the full list price of $2.65 The cap rate is 5.5% and the shopping center is fully leased.

article thumbnail

How to Up Your Community Involvement

RIS Media

When the pandemic began, we looked for ways to bring some joy into people’s lives, and we landed on a few ways that seemed to help. As for the adults, we offered free trivia Zoom events, where we hired a local “trivia guy” who wasn’t able to work due to the bars being closed.

article thumbnail

What Does Pending Mean in Real Estate?

HomeLight

You’re browsing home listings, and your eyes land on a beautiful house in your price range. In real estate, “pending” means a seller has accepted an offer, and the property is under contract , but the sale hasn’t yet closed. If everything goes smoothly, the sale could close faster. Can you still make an offer?

article thumbnail

Buying Foreclosed Homes for Dummies in 11 Steps Even You (Yes, You!) Can Do

HomeLight

But although you might pay less than you would on the open market, closing a sale on a foreclosure can take a long time, and properties may be sold “as-is ,” without a seller’s disclosure. Mary Stewart in Sugar Land , Texas, is in the top 1% of agents in her area for successfully selling homes. Mary Stewart. Mary Stewart.