The Close

FEBRUARY 20, 2024

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.

Marketing 98

Marketing Debt-to-income ratio MLS Pre-approval 98

HomeLight

MARCH 30, 2021

Days on market: The speed at which houses are selling can be telling. If houses are sitting on the market for a while, you may get a better deal … but is there a reason why buyers are shying away from a particular area? It’s in your best interest to shop around for good mortgage rates and terms prior to getting pre-approved.

Due diligence 105

Due diligence Inspection Title Pre-approval 105

Real Trends

DECEMBER 27, 2022

Before a mortgage is approved, lenders will have a property appraisal. On the buyer’s side, if a property’s appraised value is lower than the contract’s value, the mortgage may be declined; the mortgage may be approved if the buyer contributes cash up-front (to make up for the difference in value). Asynchronous appraisal.

Sales 62

Sales Home sale contingency Pre-approval Inspection 62

HomeLight

FEBRUARY 4, 2021

So, much of its housing stock comes from those post-war years when developments sprouted up along the town’s major boulevards. To confront that, Causey says most sellers conduct a pre-sale inspection and put together a disclosure package to give to potential buyers. Buyer beware: Common Fremont problems.

Inspection 80

Inspection Pre-approval Land Proof of funds 80

Kyle Handy

MAY 3, 2023

Download Your FREE Real Estate Business Plan Template Analyzing Local Market Trends and Opportunities Gather data on your local real estate market to identify trends and opportunities for your business. Documentation: Ensure that all necessary documents, such as pre-approval letters and proof of funds, are in order.

Development 68

Development Design Industrial Agents 68

Marco Santarelli

FEBRUARY 19, 2025

Unsold Inventory and Days on Market The Unsold Inventory Index (UII) , which measures the number of months needed to sell the existing supply of homes, rose to 4.1 Days on Market: Trinity had the longest median time on market at 237 days. Regional Differences Matter: California is not a monolithic market.

Mortgages 52

Mortgages Marketing Pre-approval Sales 52

Boom Town

JUNE 18, 2018

Consider including any of the following: Local Market Updates. Average Days On Market Breakdown. Seller Market Versus Buyer Market Explanation. How to Buy a Home in the Current Market. New Development Updates. The Homebuyer Checklist: Everything from Pre-approval to Post Purchase Taxes .

Pre-approval 73

Pre-approval Agents As-is Marketing 73

Marco Santarelli

APRIL 29, 2021

It compares key housing metrics of the San Jose housing market from March 2021 with March 2020. . Median Days on Market was 8. Impact of the Pandemic on San Jose Housing Market. So, you’d find a lot of distressed sellers in this area and get some discounted off-market deals. Pre Foreclosures. Prior Month.

Marketing 126

Marketing Investor Residential Sales 126

HomeLight

OCTOBER 14, 2022

Any known issues related to preferential assessment, development or property rights. With an average of 59 days on market, she sells properties 51% faster than the average agent. They haven’t been pre-qualified and you don’t know if they’re legit buyers.”. Questions related to the fill or expansive soil on the property.

Purchase and sale agreement 110

Purchase and sale agreement MLS Seller disclosure Agents 110

The Close

DECEMBER 29, 2022

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. These mortgages were developed in the 1980s in an era of double-digit interest rates when borrowers were hopeful that the rates wouldn’t rise much more. Days on market (DOM).

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98