Marco Santarelli

OCTOBER 12, 2024

Here's some advice from my years of experience: Work with a local real estate agent: A knowledgeable agent familiar with the local market can provide invaluable insights, help you navigate the competitive bidding process, and ensure you're getting the best possible deal. Be prepared to act fast: In hot markets, properties can sell quickly.

Marketing 52

Marketing Pre-approval Land Days on market 52

Marco Santarelli

FEBRUARY 13, 2025

Days on Market: A speedy 46 days , much faster than the national median of 73 days. Even with the increase, the hottest markets had only about half the number of homes for sale in January compared to pre-pandemic levels. Work with a Local Agent: An agent who knows the market inside and out can be invaluable.

Marketing 52

Marketing Pre-approval New Construction Construction 52

HomeLight

AUGUST 25, 2020

The overarching question, as you make your way down your pre-sale checklist , is likely something along the lines of: “How long is this going to take?”. home was on the market for an average of 24 days , with Ellie May estimating an average of 46 days to close on a purchase loan. Your sale could be different.

Closing 122

Closing Pre-approval Inspection Days on market 122

HomeLight

JUNE 9, 2023

If you’ve proactively obtained a pre-listing home inspection , then you might convince a buyer (cash or lender-backed) to waive an inspection contingency to speed up the sale. With this active status, days on market will continue to accrue , as well. If I accept an offer with contingencies, what happens to my listing status?

Home sale contingency 145

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 145

Marco Santarelli

MARCH 13, 2025

To get a clearer picture of what's happening in the housing market, let's take a look at some key data points from Redfin for the four weeks ending March 9, 2025: Median Sale Price: $381,975 ( Up 3.2% Share of Homes Off Market in 2 Weeks 34.6% Down from 39% Median Days on Market 52 +7 days Share of Homes Sold Above List Price 22.9%

Mortgages 52

Mortgages Pre-approval New Construction Sales 52

Realty Biz

MARCH 13, 2024

This article explores the key factors home buyers need to know about the Maryland housing market this year. Getting Pre-Approved For A Mortgage In a seller’s market like Maryland, getting pre-approved for a mortgage loan should be one of the first steps for hopeful buyers.

Pre-approval 91

Pre-approval Marketing Inspection Closing costs 91

HomeLight

NOVEMBER 9, 2021

The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). What do days on market mean? Average Days in 2021. Average Days in 2021. Days on Market.

Purchase and sale agreement 105

Purchase and sale agreement Home sale contingency Title search Inspection 105

Marco Santarelli

OCTOBER 3, 2023

Days on Market and Neighborhoods On average, homes in Little Rock, AR sold after 34 days on the market. The trend for the median days on market has been decreasing since the previous month and slightly down compared to last year.

Marketing 98

Marketing Pre-approval Days on market Commercial 98

Marco Santarelli

OCTOBER 4, 2023

Market Dynamics in Missoula, MT Missoula, MT is a buyer's market in August 2023 , which means that the supply of homes is greater than the demand for homes. Median days on market : 35 Days On average, homes in Missoula, MT sell after 35 days on the market.

Marketing 98

Marketing Pre-approval Investor Days on market 98

Marco Santarelli

OCTOBER 4, 2023

Here are some tips for buying a home in the Newark housing market : Be prepared to act quickly. Get pre-approved for a mortgage before you start shopping. Work with a qualified real estate agent who can help you navigate the competitive market. On average, homes in Newark, NJ sell after 41 days on the market.

Marketing 89

Marketing Due diligence Pre-approval Investor 89

Realty Biz

JULY 25, 2022

This is happening at the same time my loan application was pre-approved. Skylar, it does sound like you understand that your local market might be shifting from a seller’s market towards a buyer’s market as indicated by falling house prices. The higher interest rates are knocking a lot of buyers out of the market.

Pre-approval 76

Pre-approval Inspection Sales Agents 76

HomeLight

APRIL 21, 2022

Even if a buyer has been pre-approved by a lender, the loan could still be denied or delayed due to a change in job status, a low home appraisal , or a dozen different reasons. Has your home been sitting longer than the average ‘days on market’? A high number of DOM will typically indicate that your home is overpriced.

Inspection contingency 111

Inspection contingency Home sale contingency Pre-approval Agents 111

HomeLight

SEPTEMBER 21, 2020

When hiring an agent, military sellers should focus on a key stat in the agent’s track record: days on market (DOM). Every city has an average days on market which refers to how quickly properties go from active to under contract (i.e., Keep in mind, days on market is not the total time it takes to sell a home.

VA loan 111

VA loan Purchase and sale agreement Loans Agents 111

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

Marco Santarelli

JUNE 8, 2024

Here's how they decipher which areas are experiencing a fiery demand: Buyer Activity: Realtor.com analyzes listing views in each market. A high number of views translates to strong buyer interest, indicating a hot market. Inventory Levels: Conversely, the median days on market serves as a gauge of available inventory.

Pre-approval 59

Pre-approval Land Staging Marketing 59

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

DECEMBER 9, 2021

This free online tool uses average days on market data to compare agents on how fast they’ve sold homes like yours and find a top real estate agent near you who can save you time and money. HomeLight has a network of hundreds of pre-approved instant buyers across the country as part of our Simple Sale platform.

Sales 105

Sales Short sale Agents Pre-approval 105

HomeLight

DECEMBER 7, 2021

Usually, it’s the buyer, but the seller may schedule a pre-inspection before listing the home. This can introduce you to a broad network of pre-approved cash buyers and investors. Next steps after the inspection. Once your inspection is completed, the inspector’s report will be sent to whomever paid for the. inspection.

Inspection 105

Inspection Purchase and sale agreement Pre-approval Closing 105

HomeLight

JANUARY 3, 2023

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Average days on market : 46 (November 2022). Get a pre-listing appraisal.

Purchase and sale agreement 115

Purchase and sale agreement Inspection Inspection contingency MLS 115

HomeLight

MAY 19, 2022

Average days on market for Maryland. Consider a pre-listing inspection. A pre-listing home inspection is the same as a standard home inspection except that the seller pays for it before listing their home on the market. Not every buyer who has an approval letter will get to the finish line.”. Disclosures.

As-is 119

As-is Inspection Investor Closing costs 119

Toronto Realty Blog

JANUARY 13, 2021

Rosy views on the housing market have helped drive overall household sentiment back to pre-pandemic levels even with the country dealing with a second wave of COVID-19 cases and new lockdowns. I’m looking at one now that’s coming onto the market on Thursday as well as one that was on the market last year and did not sell.

Sales 96

Sales Pre-approval Fixed-rate mortgage MLS 96

HomeLight

MARCH 21, 2023

It’s important to point out that days on market in 2022 were fewer in Q1, so, while inventory is down, buyers are still hungry. Get pre-approved to save time once you find the house you want. HomeLight can connect you with the most knowledgeable, top agents in your selected market. Find a trusted agent.

Agents 105

Agents Pre-approval Closing costs Sales 105

HomeLight

FEBRUARY 4, 2021

To confront that, Causey says most sellers conduct a pre-sale inspection and put together a disclosure package to give to potential buyers. Things can move fast in Fremont (the average days on market for the last three months of 2020 was 14 days ), so it’s best to have a competitive offer ready when you find the perfect home.

Inspection 80

Inspection Pre-approval Land Proof of funds 80

Windemere Buying

APRIL 11, 2022

For a quarterly breakdown of local market conditions, explore our Market Updates page. With data analyzed by our Chief Economist Matthew Gardner, each report breaks down the latest figures in home sales, home prices, and days on market for regions throughout Windermere’s footprint. What can you afford?

Pre-approval 52

Pre-approval Loan Officer Loans Property Management 52

HomeLight

MAY 23, 2022

Average days on market for Massachusetts. Hire them because of the process they do and their marketing plan because that’s what’s going to get you the most money.”. Consider a pre-listing inspection. That being said, a pre-listing inspection isn’t a necessity. Median sales price in Massachusetts. Disclosures.

As-is 111

As-is Inspection Sales Investor 111

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. months in January, up from 2.7 months in December and 3.2

Mortgages 52

Mortgages Marketing Pre-approval Sales 52

HomeLight

FEBRUARY 8, 2023

To help ensure that the inspection goes as smoothly as possible , sellers can complete any necessary repairs that emerged during the pre-listing inspection. It may be worthwhile to get a pre-listing inspection to rule out any major issues.

Purchase and sale agreement 105

Purchase and sale agreement Inspection Investor Agents 105

HomeLight

SEPTEMBER 30, 2022

In Wisconsin’s shifting market, “Condition is really going to drive days on market ,” Labus says. Invest in an appraisal or pre-inspection. An appraiser will combine recent property data, research of the surrounding market, and information collected from a walkthrough of your home to determine an appraised value.

Purchase and sale agreement 104

Purchase and sale agreement MLS Agents Inspection 104

HomeLight

AUGUST 12, 2022

Average days on market for Illinois. Consider a pre-listing inspection . A pre-listing home inspection is the same as a standard home inspection except that the seller pays for it before listing their home on the market. Fast facts about selling a house ‘as is’ in Illinois. Median sales price in Illinois.

As-is 111

As-is Purchase and sale agreement Inspection Investor 111

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. The Homebuyer Checklist: Everything from Pre-approval to Post Purchase Taxes . Area Events Calendar.

Pre-approval 73

Pre-approval Agents As-is Marketing 73

HomeLight

OCTOBER 14, 2022

With an average of 59 days on market, she sells properties 51% faster than the average agent. Here are key things to think about when considering an offer on your Pennsylvania home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Require everything in writing. See the next step!).

Purchase and sale agreement 110

Purchase and sale agreement MLS Seller disclosure Agents 110

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

Kyle Handy

MAY 3, 2023

Documentation: Ensure that all necessary documents, such as pre-approval letters and proof of funds, are in order. Keep in mind: Research: Analyze comparable properties in the area to establish a competitive price for the offer. KPIs are quantifiable metrics that help you evaluate the effectiveness of your strategies.

Development 68

Development Design Industrial Agents 68

Housing Wire

MARCH 22, 2024

Get pre-approved with a local lender. Yes, many buyers will hop online and get a generic pre-approval letter. Yet they’ll be unable to because they aren’t pre-approved for that amount. Meeting with a financial advisor is the key to buyers being able to answer that question and help them avoid overspending.

Agents 459

Agents Pre-approval Pre-qualification Inspection 459

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. Days on market (DOM). As a seller’s agent, you’re counting the days a listing is on the market. Pre-approval. Related Article. Related Article.

Purchase and sale agreement 98

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

Marco Santarelli

AUGUST 2, 2020

Let us continue to explore the housing market trends — from pre-COVID-19 days until July. NYC Real Estate Market Prices & Trends Before COVID-19. Home sales in the NYC housing market were down 46 percent from last year's June. Median Days on Market were 84 which was 6 days faster than last year.

Marketing 142

Marketing Sales Pre-approval As-is 142