Realty Biz

JULY 7, 2021

There may not be enough houses on the market right now, but more are coming on the market every day. When the market demands it, your highest offer should be at the high end of the market analysis. In today’s market, a good strategy is looking at houses below the top end of your budget.

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Inspection contingency Marketing Inspection Rent back 87

HomeLight

APRIL 29, 2021

From cocktail parties to backyard barbecues, it seems like everyone around you is talking about how hot the real estate market is. So does that mean you’re in a buyer’s market or a seller’s market? Like stock prices, the real estate market fluctuates. Seller’s market: The odds are in your favor. Home prices rise.

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Marketing Sales Agents Construction 111

Redfin

JULY 28, 2020

markets waived the inspection contingency, compared with just 13.2% The inspection contingency allows the buyer to cancel a purchase or request repairs if they find an issue during the inspection period. I put a house on the market the other day and within about 24 hours I already had 42 showings booked.”. “I

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Inspection contingency Inspection Purchase and sale agreement Pre-approval 59

HomeLight

JUNE 30, 2021

Christina Roberto , an agent in Georgetown, Texas, who works with 78% more single-family homes than the average agent in her area, has had offers with sales contingencies accepted even in a hot seller’s market. In a hot market, sellers might be seeing offers without any contingencies, which makes a sales contingency a tough sell.

Rent back 105

Rent back Inspection contingency Earnest money deposit Finance 105

HomeLight

APRIL 17, 2024

Others perform a home inspection while their competitor skips one. Selling a home the traditional way can be stressful and time consuming, especially in a shifting market. Request Offer Editors note: Opendoor and Offerpad provide an option to list your home on the market. But beyond this similarity, how do they stack up?

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Seller concession Inspection Rent back Closing 115

RIS Media

APRIL 18, 2022

Take time to understand the current housing market. You’ll want to be sure you understand the current market and what houses are available. Is it a buyer’s market or a seller’s market? Is it a buyer’s market or a seller’s market? Buyers are waiving a home inspection.

Pre-approval 119

Pre-approval Backup offer Due diligence Rent back 119

HomeLight

AUGUST 31, 2021

Cash offers are more popular in some markets than others; for buyers trying to find a house in an area where cash offers are prevalent, competing against those offers can be a discouraging part of the homebuying process. Keep in mind that the number of cash offers floating around fluctuates with the market and at different price points.

Due diligence 106

Due diligence Inspection Pre-approval Pre-qualification 106

HomeLight

APRIL 29, 2021

“Sellers don’t always understand the condition that their property should be in bringing onto the market,” says Thompson. Do you need interim housing, a specific closing date, or a seller rent back ? Your buyer will use the home inspection report to leverage a deal. You accepted an offer !

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Purchase and sale agreement Pre-approval Inspection Inspection contingency 98

Real Trends

MARCH 3, 2022

No matter how much prep, effort and marketing you’ve put into your listing, it’s likely to sell quickly and for over-list price in this seller’s market, which is nothing to brag about. . When you’re the listing agent: Please don’t list and ghost.

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Agents Due diligence Inspection Rent back 104

Redfin

MAY 7, 2021

Homeowners in a seller’s market face a conundrum. You can expect high prices in a competitive housing market where homes are selling in record time. Here are six options to consider when deciding on selling and buying in a seller’s market. 6 options for selling and buying in a seller’s market.

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Purchase and sale agreement Marketing Equity Loans 80

HomeLight

FEBRUARY 28, 2022

In a perfect world, you can put your current house on the market, sell quickly to get your equity out of your home to use for a down payment, and find your next dream home just as quickly. In this seller-centric market, buyers will often let sellers stay and will agree to a delay of 30-60 days. Real Estate Agent. Years of Experience.

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Equity Debt-to-income ratio Loans Closing 126

Redfin

FEBRUARY 2, 2021

What is a Seller’s Market? A seller’s market is when there are more homebuyers in a particular area looking to purchase a home than actual houses listed for sale. A seller’s market usually results in rising home prices and stiffer competition among homebuyers. How has the pandemic affected the market?

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Pre-approval Purchase and sale agreement Marketing Inspection contingency 66

HomeLight

MARCH 2, 2023

Henderson says that while connecting with a reputable agent who knows the San Diego market is important, one thing potential buyers should be sure to do is to align themselves with a great lender. The San Diego real estate market tends to follow seasonal trends, with prices rising after the holidays and into the summer.

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Closing Earnest money deposit Sales Inspection 118

HomeLight

FEBRUARY 4, 2022

But for buyers especially, a good agent can make all the difference — they’ll simplify the process and not only make sure you find the right home for your lifestyle and budget, but they’ll also be able to help you make the most of current market conditions and maximize your dollar. Guide you through the steps of due diligence and inspections.

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Agents Purchase and sale agreement Due diligence Inspection 115

HomeLight

MARCH 31, 2022

leading to bidding wars in many of the major markets. For instance, getting preapproved for a mortgage is imperative in the 2022 tight market. Eliminating this important contingency can be tricky, but it may be the only way to get your offer accepted in a competitive market. You generally see those in a normal market.”

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Home sale contingency Sales Purchase and sale agreement Inspection contingency 104

HomeLight

NOVEMBER 10, 2021

A local agent will know how to write a competitive offer and what sellers in the market prefer. They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs. You’re getting a feel for the market, and that quick sale just told you it’s probably a good area.

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Inspection Title Agents Pre-approval 98

HomeLight

OCTOBER 1, 2020

Here’s how it works: The appraiser will find at least three nearby comparable homes ( “comps” ) that are about the same size and age as yours, which were sold recently (typically within the past three to six months), and the appraiser will then use regression models and their market knowledge to come up with the value of your coveted property.

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Purchase and sale agreement Short sale Rent back Sales 98

Redfin

MAY 27, 2021

It’s no secret that the US housing market is fiercely competitive right now, with homes selling faster and for more money than pre-pandemic levels. In the super hot Seattle housing market , the best offers have an escalation increment to show how willing the buyers are to increase their offer.

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Agents Rent back Inspection Closing 66

HomeLight

MARCH 20, 2023

Other common contingency clauses include: Inspection Contingency: If the buyer finds fault with the home inspection report, they can ask for the seller to make repairs, or they can cancel the contract within the contingency period. Their home may be on the market, but they do not have buyers. What is a kick-out clause?

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 105

The Close

APRIL 28, 2022

In today’s tight inventory market, trying to help buyers with financing and limited funds feels a little like getting into a boxing match with Mike Tyson. Here are the top 10 that have helped my team successfully beat out cash offers—yes, even in this red hot market. No-cost Rent-back. We are not offering legal advice.

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Rent back Closing costs Finance Agents 105

HomeLight

MARCH 28, 2022

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. How’s the real estate market? It’s an extremely competitive market for buyers.”. Get Estimate. What’s more, every home sold received 3.9

Purchase and sale agreement 119

Purchase and sale agreement Agents Equity Staging 119

HomeLight

APRIL 21, 2022

To help you evaluate your first offer, we’ll walk you through key consideration points, how to weigh the strength of the offer, encourage you to assess your objectives, and how to factor in market conditions. Your house has been on the market three months or more. You found your new home and want to avoid carrying two mortgages.

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Inspection contingency Home sale contingency Pre-approval Agents 111

HomeLight

JANUARY 7, 2022

The condition of the house you own: This will factor into how fast your home will sell in the current market and if you might encounter any issues as you list your home. Shop for a new home (8 weeks): Once you comb through the market and find your ideal home, it’s time to create the perfect offer.

Equity 105

Equity Loans Debt-to-income ratio Closing 105

Redfin

JULY 30, 2020

Almost half (45%) of people who bought a home in the past year made an offer on a property that they hadn’t seen in person, the highest share since at least 2015, according to a Redfin-commissioned survey in May and June of more than 1,400 people across 29 major markets. PT on a Wednesday, and went to bed soon after.

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Inspection contingency Purchase and sale agreement Pre-approval Inspection 74

HomeLight

MAY 24, 2021

If you’re looking to buy in 2021, then you already know that the market is white-hot. That means it’s a prime seller’s market — and a potentially tough go for hopeful buyers. So how can you be prepared to pounce with the right offer over asking price when you see that dream home hit the market? Perfect match, right? Not so fast.

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Pre-qualification Pre-approval Purchase and sale agreement Loans 111

HomeLight

APRIL 19, 2021

But getting to live in such a cultural epicenter means getting ahead of an exceptionally competitive real estate market. We interviewed real estate experts with decades of experience to help you win a bid on your own home in Manhattan’s hyper-competitive, fast-paced market. Inspections & attorneys. Flood zones in the city?

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Earnest money deposit Inspection Due diligence Agents 89

Hank Miller Team

FEBRUARY 27, 2022

Coming off the frenzied Atlanta 2021 real estate market, it's hard to imagine things could get tougher for home buyers, but they are. Depends on how motivated the buyers are and how well educated they are to the proclivities of the market. This market is unlike any prior one, there are buyers that must and will buy a home.

Due diligence 52

Due diligence Rent back Inspection Loans 52

HomeLight

JANUARY 4, 2022

While that still happens in scenarios where a seller can’t afford repairs or is facing serious issues with a property, cash sales have expanded beyond the distressed homes market, as sellers benefit from new technologies, instant sale platforms , and a competitive housing environment that has increased the percentage of cash offers.

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Investor Finance Inspection Sales 98

HomeLight

OCTOBER 12, 2020

Matt: That’s the voice of Sarita Dua, an agent in Portland, Oregon where bidding wars are common and the market is unlike anything she’s seen in her 16 years in real estate. Sarita is back with me today for part 2 of our conversation about winning bidding wars. I’ve gonna give them free rent back.

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Agents Inspection Inspection contingency Pre-approval 98

HomeLight

DECEMBER 14, 2021

Top agent Dave Mattes , who completes 21% more sales than the average agent in Reading, Pennsylvania, thinks that “a good real estate agent is somebody that dedicates enough time to treat their customers well, and they have fast responses, market knowledge, and good communication.”. Is the agent engaged in the current market?

Pre-qualification 111

Pre-qualification Earnest money deposit Agents Days on market 111

HomeLight

OCTOBER 5, 2020

In this episode of The Walkthrough, you’ll meet a top agent in the red-hot Portland, Oregon, market who’s been winning bidding wars all year long — including seven straight in a single weekend! SPEAKER: Matt McGee, Host) If today’s real estate market had a sound, what would it sound like? Full Transcript. she says yes.

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Agents Backup offer Inspection Rent back 97

HomeLight

JANUARY 28, 2022

Buy-and-hold investors are individuals who offer competitive prices for market-ready homes. Unlike iBuyers and buy-and-hold investors, fix-and-flippers buy homes in poor condition for considerably less than market value. Founded in 1996, We Buy Houses is not a franchise, rather it’s a marketing program.

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Purchase and sale agreement Investor Agents Sales 111

HomeLight

SEPTEMBER 11, 2020

Even a pandemic failed to slow down the 2020 real estate market. To help you set yourself up for success, read our primer with expert-backed tips for deciding on and presenting the strongest possible offer. Does that mean a cash offer in your market? Are you interested in a property that has been on the market for some time?

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Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 98

HomeLight

DECEMBER 14, 2021

Top agent Dave Mattes , who completes 21% more sales than the average agent in Reading, Pennsylvania, thinks that “a good real estate agent is somebody that dedicates enough time to treat their customers well, and they have fast responses, market knowledge, and good communication.”. Is the agent engaged in the current market?

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Earnest money deposit Agents Days on market Sales 105

The Close

FEBRUARY 6, 2024

That’s not including the luxury market—the median sold price in my area in Florida is around $300,000. When you remove the possibility of your buyers backing out, you’re giving that seller peace of mind that your clients are in it to win it. Offer Rent Back The possession date is often a point of negotiation in any sale.

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Pre-approval Earnest money deposit Inspection Inspection contingency 76

HomeLight

MAY 24, 2022

The recent real estate market has been head spinning, and perhaps the home that sold across the street for way over asking price has got you wondering — should I sell my house in 2022? Real estate market starts to cool off. Quinn helps relocating homeowners connect with an agent to learn about the market.

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Pre-approval Equity Agents Closing costs 98

HomeLight

MARCH 15, 2021

Listen as we discuss the five parts of an offer (and which one matters most in today’s market), the 3 C’s of winning bidding wars (confidence, communication, and creativity), and how to get clues from the listing agent that will help your buyer win. It’s the middle of March and the real estate market shows no signs of change.

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Agents Backup offer Inspection As-is 81