Keeping Current Matters

SEPTEMBER 7, 2021

According to the Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly – on average, they’re selling in just 17 days. Average days on market is a strong indicator of buyer demand. As a seller, that’s great news for you.

Equity 259

Equity Days on market Mortgages Sales 259

Housing Wire

OCTOBER 1, 2022

The median days on market is just 16 days — a slight increase from the record low seen in the last two months of 14 days. In comparison, in 2011, homes took 96 days to sell. . Another measure the housing market, is whether a Realtor had a client who had a distressed sale in the last month.

Marketing 418

Marketing Inspection Lending Sales 418

Housing Wire

OCTOBER 24, 2022

And, it is less than half of the “normal” level of about one million homes on the market. At the moment, most homeowners are locked into lower interest rate mortgages, they have solid equity in their homes and they have jobs — they don’t have to sell. Days on market has risen from 20 days to 60 days over the past year.

Marketing 345

Marketing Mortgages Equity Days on market 345

RIS Media

SEPTEMBER 24, 2021

Because agents are more aware of their “local” market inventory, list-to-sell ratios, days on market and other nuances of a given area, they can share this valuable information about the “real” market indications. Then, share with homeowners in the neighborhood how much their equity has increased.

Equity 91

Equity Agents Days on market Sales 91

HomeLight

JANUARY 22, 2024

Matt Megel , managing partner with CAZA Group , which sells homes 85% faster than the average Virginia agent, says that unlocking their home’s equity on a budget is one of the main drivers for homeowners wanting to sell their property “as is.” “One Skip repairs and close in as few as 10 days.

As-is 85

As-is Inspection Renovation Equity 85

Broke Agent Media

MAY 8, 2023

Many sellers are likely future buyers too, which may be why a majority of would-be sellers report feeling ‘locked in’ to their current home because of a low mortgage rate, especially younger homeowners. That said, in April 2023, homes spent considerably more time on the market compared to the previous two Aprils.

Marketing 52

Marketing Days on market Equity Sales 52

Real Trends

AUGUST 30, 2022

Sellers, who have already seen substantial equity gains in recent years, will still hold the advantage in many markets.”. Fewer than 150,000 homes were sold across the nation’s 100 largest housing markets in July, the lowest monthly sales figure in 12 months and down 50.7% Top 10 Buyers’ Markets. Top 10 Sellers’ Markets.

Marketing 65

Marketing Days on market Sales Equity 65

Realty Biz

NOVEMBER 9, 2022

The market value is what a buyer is willing to pay for the property. A property's assessed value is rarely the same as its market value. Homeowners can get property value wrong when they use incorrect information! Lenders also hire appraisers when homeowners want to refinance their existing mortgage or get a home equity loan.

Agents 76

Agents Equity Mortgages Days on market 76

Real Trends

JANUARY 2, 2023

We will also see lower supply because more homeowners may choose not to sell while they enjoy the low-interest rates that they locked in during 2020 and 2021. The current market is hanging by a thread, but we are not going to see a total housing market crash because people still have to move.

Seller concession 99

Seller concession Agents Mortgages Equity 99

Windemere Buying

APRIL 11, 2022

Becoming a homeowner has its respective advantages. Advocates of buying will contend that purchasing a home is an investment in equity, which can increase in value every year you live in the home, whereas if you rent a property, you’re essentially paying for someone else’s mortgage. What are the local real estate market conditions?

Pre-approval 52

Pre-approval Loan Officer Loans Property Management 52

HomeLight

AUGUST 20, 2021

If you have substantial equity, you can even walk away from your sale with a significant profit. Typically, Connecticut homeowners pay an average of 1% to 2.75% of the sale price total in transfer taxes. There are 4,950 HOAs in Connecticut, and nearly 20% of homeowners across the state belong to one. Loan reconveyance fee.

Closing costs 108

Closing costs Closing Title search Title 108

HomeLight

AUGUST 25, 2020

Every house, every market, and every individual sale will vary in terms of days on market and closing timelines. In fact, 24 days from list to offer is pretty swift, historically speaking. In the current pandemic climate, some closings have dragged on more like 60 days. Your sale could be different.

Closing 122

Closing Pre-approval Inspection Days on market 122

HomeLight

JANUARY 18, 2023

If you’re like most homeowners, you’re eyeing the home equity market with caution – or flat-out worry. The housing market is cooling off quickly, and it could continue to spiral in the coming year. We asked two experts to help get to the bottom of what’s happening to home equity in the current housing market: Donald J.

Equity 80

Equity Marketing Loans Principal 80

The Close

DECEMBER 27, 2022

This is because when the seller down the street falls behind on payments and has to sell at below market price in order to avoid foreclosure, it affects the asking price for everyone else’s property on the block. This stage is similar to the previous moment in the real estate market cycle. Move forward with caution.

Investor 93

Investor Staging Marketing Banks 93

HomeLight

DECEMBER 15, 2022

It all begs the question: What will the 2023 housing market mean for buyers, sellers, and homeowners? This 2023 real estate market forecast digs into insights from HomeLight top agents and housing market economists, including Ken H. Find an Expert Agent to Help You Navigate a Shifting Market. Johnson, Ph.D. ,

Marketing 76

Marketing Mortgages Agents Equity 76

HomeLight

JANUARY 24, 2023

Whether your company is relocating you or you’re moving for a great new opportunity, there’s no way around it: relocating for a job as a homeowner is stressful. Research days on market The average days on market is another important factor to consider. Remote work has shifted the landscape of relocating for a job.

Days on market 89

Days on market Agents Sales Closing 89

HomeLight

JUNE 8, 2021

Without adequate homeowners insurance or the upfront money to make repairs, the only type of buyer willing to take on your property may be an investor who can pay cash and plans to gut it. In a hot market, homes naturally sell fast. Recent statistics from NAR show homes sat on the market an average of just 16 days in May 2021.

Short sale 111

Short sale Agents Sales Days on market 111

Real Trends

DECEMBER 27, 2022

Before agreeing to a home sale contingency, I recommend considering both broad and regional market dynamics. Being aware of the current Days on Market (DOM) will help you decide on how long to make the selling period. If the seller has marginal to no equity or is behind on payments, you may have to work with the bank.

Sales 60

Sales Home sale contingency Pre-approval Inspection 60

HomeLight

APRIL 29, 2021

The number of days on market (DOM), which marks how long a home is on the market before the seller accepts an offer, typically drops. In a balanced market, marketing time typically lasts around six weeks , according to The National Association of Realtors® (NAR). Too few resale homes for sale.

Marketing 110

Marketing Sales Agents Construction 110

HomeLight

APRIL 21, 2023

If you need to sell your house fast in Phoenix, whether you’ve inherited a house, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. We Buy Ugly Houses has an A+ BBB Accreditation.

Closing 85

Closing Investor Staging Agents 85

HomeLight

DECEMBER 1, 2020

The secret’s out about modern-day Nooga’s amazing Cumberland Plateau mountain views , thriving technology jobs market , and access to the gorgeous Tennessee River. That puts Chattanooga homeowners in a great position to sell their house fast. In addition, days on market for homes in Chattanooga were down 20.4%

Inspection 85

Inspection Agents Staging Renovation 85

HomeLight

APRIL 26, 2023

If you need to sell your house fast in Los Angeles, whether you’ve inherited a house, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. 37% Selling price: listing price – 2.8%

Agents 75

Agents Closing Sales Staging 75

Marco Santarelli

DECEMBER 28, 2021

On average, homes in Allegheny County, PA sell after 57 days on the market. The trend for median days on market in Allegheny County, PA has gone up since last month, and slightly down since last year. This situation is also called negative equity. There are 151 cities in Allegheny County.

Marketing 98

Marketing Purchase and sale agreement Investor Technology 98

The Close

SEPTEMBER 8, 2022

homes spent a median of 14 days on market in June 2022—down 3 from 17 days in June 2021. sold below list price–and indication that the market is slowing. Nearly 80% of active listing agents use drone photography and videography to market their listings. YoY, a sign that the market is stabilizing.

Equity 139

Equity Agents Brokerage Closing 139

HomeLight

DECEMBER 30, 2020

Check your equity to evaluate if you’re ready to sell. Before you contact a real estate agent, check your equity to know where you stand with your mortgage. At a minimum, you want to have enough equity in your home to cover the cost of selling your home (e.g., Home equity ($200,000). closing costs and agent commission).

Agents 105

Agents Equity Staging Renovation 105

Broke Agent Media

FEBRUARY 3, 2023

These trends reinforce that while buyers are gaining an advantage in the market, they are still being deterred by high home prices and financing costs. Even as inventories climb and prices moderate, homeowners have equity and advantages in the market but need to set their expectations accordingly. The share of U.S.

Days on market 98

Days on market Marketing Sales Equity 98

RIS Media

APRIL 22, 2021

How the Industry Is Responding: “Consumers are facing much higher home prices, rising mortgage rates and falling affordability; however, buyers are still actively in the market. Days-on-market are swift, multiple offers are prevalent and buyer confidence is rising.

Sales 102

Sales Equity Days on market Construction 102

HomeLight

JANUARY 27, 2021

Mortgage insurance is extremely common for first-time buyers, and it’s often the fastest way to achieve homeownership and start building equity today, rather than waiting until you’ve saved up 20% — an unrealistic feat for many buyers. For the majority of homeowners, this amounts to no more than a couple hundred dollars a month.

Closing costs 119

Closing costs Inspection Loans Earnest money deposit 119

HomeLight

JULY 25, 2022

Primary reasons for this include lack of equity accumulated in the home and insufficient appreciation – an increase in property value. The market is the largest driver of price,” Gore says. In a seller’s market , prices typically rise, which could effectively boost equity in your home and increase appreciation.

Closing costs 87

Closing costs Equity Short sale Agents 87

HomeLight

JULY 25, 2022

You can sell a home whenever you want, but expect financial consequences if you have little equity in it. There are a number of reasons for this, including lack of equity accumulated in the home and insufficient appreciation – an increase in property value. Gore advises homeowners to keep their homes in good condition.

Closing costs 84

Closing costs Equity Short sale Sales 84

HomeLight

DECEMBER 2, 2021

A short sale is an alternative to foreclosure in which the homeowner gets permission from the lender to sell the home for less than is owed. Homeowners typically request a short sale due to some form of financial hardship, and must be able to prove their inability to pay. homeowners gained 10.8% in equity from 2019 to 2020.

Short sale 77

Short sale Sales Loans Banks 77

HomeLight

JUNE 29, 2022

Divorce attorneys could use comps to help a couple split their assets and divide up equity. Even if they aren’t in the MLS, the sold prices on these pocket listings can impact your home’s current market value. A CMS will also look at current market trends, inventory levels, price per square foot, and days on market ( DOM ).

MLS 107

MLS Seller concession Agents Sales 107

HomeLight

SEPTEMBER 1, 2022

Determining how much you can afford in California isn’t as easy as it is in some other states due to special considerations such as additional homeowners insurance and Mello-Roos facilities districts. Median days on market: 10. Median days on market: 10. Median days on market: 8. Central Coast.

Earnest money deposit 88

Earnest money deposit VA loan FHA loan Loans 88

HomeLight

JANUARY 28, 2021

A report from CoreLogic recently revealed that homeowners enjoyed an average annual equity gain of $17,000 in Q3 2020, pushing equity levels to record heights nationwide. As a homeowner, you are the envy of many right now. A spike in buyer demand signals a seller’s market for many cities.

As-is 102

As-is Purchase and sale agreement Agents Equity 102

HomeLight

JULY 28, 2022

Older homeowners have some additional considerations, such as: Stairs that make it difficult to access living spaces. The median days on market in June was 14, with homes listed receiving an average of 3.4 Although 88% of properties sold in less than a month, contracts still took 30 days to close , these statistics show.

Staging 101

Staging Closing costs Agents Closing 101

HomeLight

JANUARY 22, 2024

There are several reasons, which can range from a sudden change in circumstances, to the seller needing to access the equity in their home without making repairs. “It’s Why do sellers consider selling making a as-is home sale? I’m talking about a divorce or perhaps the death of the husband or the wife and then the next of kin.

As-is 92

As-is Inspection Finance Investor 92

RIS Media

JANUARY 28, 2022

Days on Market (1mo). The median owner saw an estimated increase of more than $38,000 in their home value, creating trillions of dollars in potential borrower equity. Mobility of more affluent borrowers has pushed performance on this segment relative to those homeowners more adversely impacted economically by the pandemic.

Days on market 97

Days on market Sales Equity Residential 97