Realty Biz

SEPTEMBER 14, 2021

In some places, active under contract indicates that a contract has been signed but is contingent on certain conditions being met before the sale is finalized. In other locations, the sale may be referred to as being contingent in the multiple listing service (MLS). Anything serious found may lead to the sale not completing.

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Backup offer Purchase and sale agreement Inspection Sales 126

HomeLight

AUGUST 16, 2021

And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. Though short sales aren’t as prevalent today as they were following the Great Recession , they’re not impossible to find, and good deals for buyers can still be had. What exactly is a short sale? It’s a long sale.

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Short sale Sales Purchase and sale agreement Banks 105

RIS Media

JANUARY 14, 2022

At press time, that number set a record as the most expensive sale in the history of Miami real estate. The waterfront mansion, located at 8 Star Island Drive, sits on nearly two acres of land on the ultra-exclusive Star Island, a man-made island connected by a causeway. Who wants to purchase a home for almost $80 million?

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Purchase and sale agreement Marketing Proof of funds MLS 98

HomeLight

MARCH 31, 2021

With rent-to-own homes , you get to try the home on for size while holding the door open to purchasing the home later. This method of buying a home can be more complicated than a straightforward home purchase, and it’s not a widely used technique. Source: (LinkedIn Sales Solutions / Unsplash). If so, consider the offer.

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Purchase and sale agreement Closing costs Loans Equity 98

Broke Agent Media

FEBRUARY 21, 2023

But any details found to be incorrect (or missing) can land you in court and do real damage to your credibility and, ultimately, your success as a real estate agent. Let’s say, for example, you use the square footage for a property that was on a previous MLS listing—or it was given to you by the seller.

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Purchase and sale agreement Agents Inspection MLS 98

Toronto Realty Blog

JANUARY 16, 2025

This story brings us back to last summer when a client of mine purchased a small west-side home and, upon closing, the listing agent had some very interesting ideas about how to go about making up his financial loss on the property. ’ We can spend a week going back-and-forth, and maybe we land at $850,000, or maybe we don’t.”

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Closing Purchase and sale agreement Brokerage Mortgages 59

HomeLight

APRIL 28, 2023

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. That 6% is deducted from the seller’s proceeds at closing.

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Purchase and sale agreement Inspection Title Inspection contingency 102

Marco Santarelli

AUGUST 17, 2020

® offers a comprehensive list of for-sale properties, as well as the information and tools to make informed real estate decisions. For example, it provides a quick snapshot of local markets like the median sale price and average price per square foot so you can estimate what a house is worth on the market in good condition. Realtor.com®

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Purchase and sale agreement Land Investor MLS 115

The Close

OCTOBER 27, 2020

Short for Internet Data Exchange, IDX is a real estate industry term that defines the technology and individual agreements between your MLS and individual agent and brokerage websites that allows them to display MLS listings online. Generally speaking, third party IDX providers update their MLS listings every 15 minutes.

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MLS Purchase and sale agreement Land Brokerage 98

HomeLight

MARCH 24, 2022

To get the widest access to homes available for sale, you’ll need to be able to tap into the multiple listing service (MLS). Because you won’t have an agent retrieving search results on your behalf from the MLS, you will have to limit your search to less-vetted sites. Arrange for the appraisal, if you’re getting one.

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Inspection Title Purchase and sale agreement MLS 111

HomeLight

DECEMBER 6, 2022

When the time comes to move, some tenacious homeowners in New Jersey are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

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Purchase and sale agreement MLS Pre-approval Agents 103

Realty Biz

JANUARY 12, 2021

I don’t want to go too far into the history of real estate investing but setting sail across the seas to discover and conquer new lands was another investing strategy. Today, traditional investing involves finding available properties on the internet-based MLS (multiple listing system). Or a lease with an option to purchase.

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Purchase and sale agreement Pre-qualification Pre-approval MLS 67

HomeLight

NOVEMBER 21, 2022

When the time comes to move, some tenacious homeowners in South Carolina are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

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Purchase and sale agreement MLS Pre-approval Agents 102

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. MLS has field to mark a listing “as is”? “As is” is a type of home sale where it’s understood that no improvements will be made to the property. Request Cash Offer.

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As-is Purchase and sale agreement VA loan Inspection 112

HomeLight

AUGUST 31, 2021

We talked to agents, builders, and other top industry experts to develop this guide that’ll help you make the most out of working with an agent on your new-home purchase and to find out what they can do for you. They’ll be able to tell you if you’re getting ripped off on the sale price or if a builder overcharges you on granite countertops.

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Agents New Construction Purchase and sale agreement Construction 128

HomeLight

SEPTEMBER 30, 2022

When the time comes to move, some tenacious homeowners in Wisconsin are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7%-8% , historically — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

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Purchase and sale agreement MLS Agents Inspection 104

Toronto Realty Blog

OCTOBER 17, 2024

Frankly speaking, it was always muddled how registered agents through RECO operating on the MLS could engage with a prospective buyer or seller who didn’t want to transact with a conventional agent, and these changes were a welcome update for both buyers and sellers. And wouldn’t you know it: this was being sold by a self-represented seller.

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Purchase and sale agreement Brokerage Agents Inspection 106

HomeLight

MAY 27, 2021

Listing sites where you browse homes for sale usually have a sponsored agent pop-up that will lead you to a real estate agent. Townhouse deals are different from land purchases ; condos are different from single-family homes. will search the multiple listing service (MLS) to find available homes that fit your criteria.

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Earnest money deposit Purchase and sale agreement Closing costs Inspection 72

The Close

APRIL 19, 2024

Once you understand that there is a difference between IDX and MLS, you’ll see how IDX can improve your website and overall business. Put simply, it’s the system that allows real estate professionals to display Multiple Listing Service (MLS) listings on their websites. Make sure to check specific rules for your local MLS.

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Agents MLS Purchase and sale agreement Design 52

Toronto Realty Blog

OCTOBER 26, 2022

Four years ago, clients of mine purchased a luxury home in the $4-5 Million range. We can talk for ages about real estate marketing and how high-quality 3D walkthroughs have been a game-changer, but for now, let’s just say that my clients enjoyed using this tool after they had purchased and as they waited for closing.

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Purchase and sale agreement Brokerage MLS Agents 52

Toronto Realty Blog

OCTOBER 1, 2022

Listings aren’t being updated for weeks at a time as agents leave the “bait price” on MLS, trying to solicit calls, and avoiding re-listing at market value. Or maybe we had the only unconditional offer and the other was slightly higher in price but conditional on the sale of their Jet-ski, I dunno.

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Purchase and sale agreement Agents Brokerage As-is 97

The Close

JUNE 2, 2022

Let’s have a follow-up call to go through the agreement I left you and any questions you may have with my marketing plan. With interest rates rising quickly and so much uncertainty in the markets, sticking to the timeline I laid out in our meeting and getting your home on the MLS by [date] will be key in getting that price for your home. .

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Purchase and sale agreement Pre-approval Agents Brokerage 98

Toronto Realty Blog

OCTOBER 10, 2023

TorontoRealtyBlog I’ll tell you which call I have not received in quite some time: the good, ‘ole, “power of sale” seeker. A power of sale can come in many different shapes and sizes. There’s a common misconception that all power of sales are for run-down properties, but they’re not.

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Purchase and sale agreement Sales Due diligence Title 98

The Close

DECEMBER 12, 2024

Ill explore exactly what a probate lead is, the pros and cons of probate leads and properties, and how to find and purchase them. In most cases, probate leads refer to real estate properties that become available for sale as part of the legal process following an individuals passing. What is a Probate Lead? Visit Placester 5.

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Purchase and sale agreement Investor Probate sale Land 97

HomeLight

OCTOBER 12, 2022

With median sales prices rising 24.2% Some states have requirements for disclosing issues affecting the land or additional disclosures specific to that state. Buyers need to know what they’re getting and not discover major detrimental issues after the sale that are expensive to fix, like a sinkhole or a foundation that’s been moving.

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Seller disclosure Purchase and sale agreement Homeowner’s association Inspection 111

HomeLight

OCTOBER 17, 2022

What about the age of the water heater you purchased 11 or 12 years ago? You want to read in plain-speak what you are legally obligated to disclose to buyers — and if you acknowledge problems with your home, does that mean you’ll have to pour money into fixing them before you can close a sale? Disclose, disclose, disclose.

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Purchase and sale agreement Seller disclosure Inspection Agents 110

HomeLight

NOVEMBER 9, 2021

MLS listings of the comparable properties. Any additional information the appraiser used in the appraisal process, including market sales data, public land records, or tax records. Appraisal for a lender-financed home sale. The appraisal values the property at $355,000 and the sale closes successfully.

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Purchase and sale agreement Equity Bankruptcy Finance 110

RIS Media

SEPTEMBER 20, 2021

Robertson faulted a homebuyer and their agent after they discovered significant flooding on a newly-purchased property, saying they “failed to act diligently” by doing more research or observing land conditions before making an offer. A 2010 appeals court ruling in Shaw v. HAWAII — GRADE: D. NEW YORK — GRADE: F.

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Design Purchase and sale agreement Agents Inspection 111

Toronto Realty Blog

SEPTEMBER 12, 2024

I’m not frustrated with the market; be it sales, inventory, or prices. And with eleven offers on a house in the September market, with all the uncertainty in the housing market, this agent was just as surprised as I was that those eleven offers wouldn’t result in a signature on the Agreement of Purchase & Sale.

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Purchase and sale agreement Agents Land As-is 98

Toronto Realty Blog

OCTOBER 19, 2020

I have a feeling that most of you would side with me on this one and think of “estate” as a piece of land. an extensive area of land in the country, usually with a large house, owned by one person, family, or organization. These sales can be anything from easy and common, to downright nightmarish.

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Sales Purchase and sale agreement Closing Land 56

Toronto Realty Blog

DECEMBER 14, 2020

Charging somebody an extra $3 on the purchase of printer ink, because there’s an assumption that they’re disposing of their previous printer ink, doesn’t make people purchase less ink. His response? “LOL. People that have more should give more. The eco-taxes that are supposed to help the environment?

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Purchase and sale agreement As-is Debt-to-income ratio Marketing 125

The Close

DECEMBER 29, 2022

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Active contingent. Call option.

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