Remove Days on market Remove Debt-to-income ratio Remove Pre-approval
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Thinking of Selling Your Home? Take this Seller Litmus Test

HomeLight

You can check real estate websites or consult with a local agent to get an idea of average days on market and recent sale prices. If the offer works for your situation, you can close in as little as 10 days. Will your debt-to-income ratio permit a new loan? Use the map to navigate to any state or city.

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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

Competition is lower for a home, and the number of days on market increases for listings. A buyer’s market can be determined by calculating the months of inventory. Anything more than six months is traditionally considered a buyer’s market. Traditionally, the number of days on market is low.

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

The Close

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. Days on market (DOM). As a seller’s agent, you’re counting the days a listing is on the market. Debt-to-income ratio (DTI). Pre-approval.