HomeLight

JULY 25, 2022

Choose a short sale: If you’re behind on your mortgage payments or owe more than the home’s current value, you may want to think about a short sale as a way to avoid foreclosure. Use a top agent to price it right: Pricing your home to sell may reduce the number of days on market (DOM) and allow you to cut your losses.

Closing costs 110

Closing costs Short sale Equity Sales 110

HomeLight

JULY 25, 2022

Here are a few of the details: Length of time: You must have used the home you are selling as your principal residence for at least two of the five years prior to the date of sale. It also does not have to be the two years immediately preceding the sale. The two-year requirement doesn’t have to be continuous.

Closing costs 111

Closing costs Equity Short sale Agents 111

The Close

DECEMBER 29, 2022

How else would you and your clients understand how much is being paid in principal and interest over the years? Days on market (DOM). As a seller’s agent, you’re counting the days a listing is on the market. This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property.

Purchase and sale agreement 98

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