Real Trends

JANUARY 25, 2023

Another possible niche is buyers who need creative financing, such as rent-to-own financing or owner financing. This is a way to help those who have credit problems afford a home of their own. Situational Situational real estate transactions occur outside of “normal ” sales.

Homeowner’s association 79

Homeowner’s association Finance Agents Short sale 79

HomeLight

FEBRUARY 4, 2022

If you’re in the market for real estate, either as an investment or a residence, REO (which stands for “real estate owned” also known as “bank owned”), homes can offer you a deal, but without the hassle of dealing with a foreclosure auction. Department of Housing and Urban Development for one dollar.

Agents 104

Agents Banks MLS Title 104

The Close

MARCH 15, 2022

If that happens, we could see a few hundred thousand homes hit the market in a short period of time and the housing market will have officially burst, possibly to a greater degree than we experienced in The Great Recession that began in 2007. Short sales and foreclosures quickly became the norm. I was fortunate.

Agents 98

Agents Investor Banks Land 98

HomeLight

MARCH 10, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. The investors I work with are mostly experienced and have their own crews,” Procopio says. “If Find a Buyer's Agent What is house flipping? Wise agrees.

House Flipping 105

House Flipping Renovation Investor Finance 105

Housing Wire

FEBRUARY 5, 2025

Agents looking to specialize in an outdoor amenities niche might consider: Lakefront homes Mountain homes (think: the Adirondacks) Oceanfront or beachfront property Ski/Snowboarding resort properties (think: Whistler or Aspen) Farmland Vacant land Properties in these niches may have unique property taxes, zoning or development regulations.

Commercial 264

Commercial Agents Development Renovation 264

HomeLight

AUGUST 31, 2021

Again, the timeline varies by state, but this typically begins three to six months after the first missed payment , according to the Department of Housing and Urban Development (HUD). They’ll put the house up for auction either in a sheriff’s or public trustee sale (the name depends on what foreclosure process your state follows).

Pre-approval 111

Pre-approval Short sale Banks Finance 111

The Close

DECEMBER 29, 2022

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. This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. Planned unit development (PUD). Real-estate owned (REO).

Purchase and sale agreement 98

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

Housing Wire

FEBRUARY 5, 2025

Data courtesy of Auction.com Higher levels of unemployment could cause more homeowners to become delinquent on their mortgages and lead to foreclosure, while slower price appreciation could mean they have less home equity to rely upon to pay debt or avoid a short sale.

Sales 417

Sales Renovation Finance Short sale 417