HomeLight

AUGUST 16, 2021

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.

Short sale 105

Short sale Sales Purchase and sale agreement Banks 105

HomeLight

OCTOBER 5, 2020

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.

Short sale 92

Short sale Sales Banks Due diligence 92

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? Your agent will also ensure that all additional legal guidelines required in a short sale are followed.

Short sale 104

Short sale Sales Loans Banks 104

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

Housing Wire

SEPTEMBER 28, 2023

Loan modifications, deeds in lieu and short sales have now become the preferred path to addressing defaults, although none of them are 100% effective. The next major change in the default landscape is the way those who hold the loans, the lenders, are reacting to default. There are numerous options available for scalable solutions.

Industrial 448

Industrial Mortgages Technology Loans 448

HomeLight

JULY 6, 2023

That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. An offer has been accepted, and the sale is expected to close.

MLS 105

MLS Backup offer Inspection contingency Purchase and sale agreement 105

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

This site, owned by the National Association of Realtors , aggregates listings from multiple sources, including the Multiple Listing Service (MLS). Each listing includes essential details like photos, descriptions, and contact information for agents or banks handling the sale.

Short sale 115

Short sale Banks Finance Investor 115

Point2Homes

DECEMBER 8, 2020

However, before the sale can go to closing, certain contingencies must be met. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. Short Sale. Short sales occur when the seller will accept a lower amount than is remaining on their home loan.

Purchase and sale agreement 145

Purchase and sale agreement Backup offer Home sale contingency Short sale 145

HomeLight

AUGUST 31, 2021

You’re reading through a new MLS listing, and you believe you found your ideal home. 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

MARCH 19, 2022

Your Realtor® will be able to help explain different non-monetary contract terms that might help sweeten a deal, including: A closing date that aligns with your timeline. They do this by: Researching outlier comps to include or exclude (Foreclosures, short sales, etc.). Close the deal and celebrate the collective win.

Closing 105

Closing Due diligence Staging Agents 105

Realty Biz

NOVEMBER 18, 2021

Most BPOs also provide information about 3 comparable property sales and 3 comparable listings. The broker will look up the properties on MLS to determine when the properties were recently sold and for how much. One of the few times that a lender will use a BPO instead of requiring an appraisal is for a short sale.

Short sale 110

Short sale Inspection Loans Banks 110

Realty Biz

MAY 8, 2023

Investing in real estate is not as simple as going to the MLS and finding what you want, as competition for housing is fierce in many cities. Non-market decision The Multiple Listing Service (MLS) does not list all properties for sale. MLS listing must be consulted. You may see features marked "Coming Soon" in the MLS.

Marketing 97

Marketing MLS Inspection Investor 97

Realty Biz

SEPTEMBER 23, 2021

Miami-Dade County real estate broke another record, posting its best August sales month in history as pent-up demand, more U.S. individuals and companies moving to South Florida, and record-low mortgage rates continue fueling transactions, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Sales 104

Sales Fixed-rate mortgage Short sale Equity 104

Realty Biz

FEBRUARY 21, 2021

Miami-Dade County total home sales posted a double-digit increase for the fifth consecutive month in January 2021 as pent-up demand and record-low mortgage rates continue fueling transactions, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Miami single-family home sales rose 9.1%

Sales 90

Sales Short sale FHA loan Fixed-rate mortgage 90

HomeLight

JULY 27, 2021

During the era of the foreclosure market and short sale market, which was in 2008, the price points for the homes were pretty low,” she says. Here are just a handful of what agents’ duties are for each home sale: Search the MLS. Help buyers at the closing table. Robinson says she’s been in this situation.

Purchase and sale agreement 111

Purchase and sale agreement MLS Agents Brokerage 111

HomeLight

AUGUST 16, 2021

You can look for these homes on the multiple listing service (MLS) or on various auction sites. Most REOs are sold on the MLS,” explains Todd Miller, who worked in mortgage banking for over a decade, has purchased several REO homes, and now runs the personal finance website TightwadTodd.com. Finding REO homes: How the experts do it.

Banks 105

Banks Pre-qualification Investor Short sale 105

HomeLight

APRIL 30, 2021

The agent searches the Multiple Listing Service (MLS) for current and previous listings over the past three to six months , depending on market conditions. They’re looking for how long homes like yours took to sell and the difference between their list prices and their sale prices. These properties are known as “comps.”

Marketing 111

Marketing MLS Agents Renovation 111

HomeLight

OCTOBER 27, 2021

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. Earnest money , a deposit with your offer as a way to demonstrate you’re a serious buyer, can help you close the deal. Step 13: Closing time. Step 7: Submit your earnest money.

Purchase and sale agreement 110

Purchase and sale agreement Inspection Homeowner’s association Title 110

Realty Biz

MARCH 21, 2023

Miami-Dade $1-million-and-up transactions surged triple digits versus pre-pandemic 2019 transactions as total pending home sales and showing appointments rose again for the second consecutive month, according to February 2023 statistics released today by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) systems.

Sales 100

Sales MLS Short sale Residential 100

Realty Biz

MAY 21, 2023

Miami-Dade County $1 million+ luxury home sales continued outperforming pre-pandemic levels as total median sale prices rose once again as the market leads the nation in real estate appreciation, according to April 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Sales 92

Sales Short sale Fixed-rate mortgage Banks 92

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure. MLS has field to mark a listing “as is”?

As-is 118

As-is Purchase and sale agreement Inspection Closing costs 118

HomeLight

DECEMBER 9, 2021

There are countdown apps for almost every life event, but why hasn’t someone made an app to count down the days until we close on a home sale ? What is a quick home sale? First thing’s first, a quick home sale should not be confused with a short sale. At least that’s how it feels anyway! Kathryn Townsend.

Sales 105

Sales Short sale Agents Pre-approval 105

HomeLight

MARCH 30, 2022

Whether you’re an investor looking for a speedy sale so you can move on to your next deal or a homeowner trying to unload a property quickly to avoid financial strain, you’re in search of real estate cash buyers to purchase your house without a lengthy or uncertain process. Reduce the time it takes to close your sale.

Sales 111

Sales Investor Renovation Staging 111

Marco Santarelli

DECEMBER 20, 2020

Once the property hits the MLS, you’re going to be in a bidding war with others considering buying the same property. Raise the cash to pay for these properties, because distressed sellers want to close on the deal as quickly as possible. When you search a site like realtor.com, you’ll be searching the MLS.

Sales 80

Sales MLS Renovation Investor 80

The Close

APRIL 30, 2024

Strategy 1: Implement a 10-day Price Drop If the seller is close enough to the ideal price point and wants to test the waters at their asking price, agree that if the price gets little to no activity or offers, it will automatically drop to your suggested listing price after 10 days. copy to clipboard Short sale approach: Ms.

Agents 98

Agents Short sale Staging Sales 98

Realty Biz

DECEMBER 26, 2022

Miami-Dade County real estate has already posted the 4th best total home sales year ever and with another calendar month to go, it is poised to end 2022 as its second-biggest sales year ever, according to November 2022 statistics from the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Sales 92

Sales Short sale Residential Mortgages 92

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. MLS has field to mark a listing “as is”? Real estate attorneys are considered essential for closing in the state of North Carolina. Sell 'As Is' With a Cash Offer.

As-is 112

As-is Purchase and sale agreement VA loan Inspection 112

The Close

DECEMBER 19, 2022

Chances are these people will buy or sell again, so keeping in close contact with them is key to making more money as a real estate pro. The company links with an agent’s MLS to provide an up-to-date list of all the expireds and FSBO listings in your area, along with the property owners’ names and telephone numbers. Related Articles.

Agents 105

Agents Investor Property Management Development 105

Realty Biz

JUNE 24, 2022

Miami-Dade County real estate posted its 10th-highest total existing home sales month in history and its second-best May sales month ever, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Miami Distressed Sales Keep Dropping, Reflecting Healthy Market Only 1.2%

Sales 78

Sales Short sale Mortgages Fixed-rate mortgage 78

HomeLight

DECEMBER 29, 2023

Fast facts about selling a house ‘as is’ in Minnesota Median sales price in Minnesota $334,900 Average days on market (DOM) for Minnesota 32 days Disclosures Minnesota law requires sellers to disclose material facts about the property through the Minnesota Seller’s Property Disclosure Statement. Yes Is a real estate attorney required?

As-is 111

As-is Inspection Finance Investor 111

HomeLight

MAY 23, 2022

“Either there are a couple of issues with the house that they want to disclose but not necessarily repair or they’re selling a house as part of an estate sale and don’t know a lot about it.”. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. MLS has field to mark a listing “as is”?

As-is 116

As-is Inspection Investor Closing costs 116

HomeLight

APRIL 29, 2022

An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. MLS has field to mark a listing “as is”?

As-is 95

As-is Purchase and sale agreement Investor Inspection 95

HomeLight

SEPTEMBER 1, 2020

You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”. Ask your agent to find you bank-owned or REO homes on the MLS (multiple listing service) that meet your specifications. Step 14: Closing time! Source: Judy Grayson / Unsplash).

Banks 98

Banks Inspection contingency Inspection FHA loan 98

HomeLight

MAY 10, 2021

But practically… you may very well find a buyer’s agent is a huge advantage, if not absolutely essential to closing a deal. Standing by for any necessary advice and support at the closing table. Most people will find that working with a buyer’s agent is a huge advantage, if not essential, in closing the best deal.

Agents 105

Agents Inspection Brokerage Closing 105

HomeLight

APRIL 30, 2021

At least five pending properties: Homes that are under contract but have not yet closed. At least five sold properties: Homes that have recently closed. How close do the comps need to be? In addition, an agent’s seamless access to MLS data helps them get a complete picture with all the necessary information more efficiently.

Agents 100

Agents Marketing Due diligence Sales 100