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How Long Does a Short Sale Take? What to Expect When You’re Buying Short

HomeLight

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? It’s a long sale.

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Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. An offer has been accepted, and the sale is expected to close. I can do that from my phone.”

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What Is a Short Sale in Real Estate? The Ultimate Guide

The Close

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? The simple answer is that a short sale is when a homeowner owes more for their home than its current market value and puts it up for sale. What Happens in a Real Estate Short Sale?

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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

You’re reading through a new MLS listing, and you believe you found your ideal home. Let’s take a look at the most common foreclosure sales and how they work. Short sale. A short sale isn’t necessarily a foreclosure sale, but it’s common to see a short sale done to avoid foreclosure.

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Can You Get a Comparative Market Analysis For Free, No Strings Attached?

HomeLight

It’s also a helpful tool for homeowners who might be considering some renovations and wonder what the return on investment might be for adding that deck or upgrading the master bath. The agent searches the Multiple Listing Service (MLS) for current and previous listings over the past three to six months , depending on market conditions.

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How to Find Houses to Flip for Profit in 7 Ways

The Close

One approach is house flipping, which involves purchasing a home that needs repairs or renovations. How to Find Houses to Flip in 7 Ways Finding and purchasing a property to renovate is often more complex and time-consuming than buying a home for full-time living. If you resell, there is no tenant management.

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Government Websites, Real Estate Agents, A Drive around the Block, And More Ways to Find REO Homes in Your Area

HomeLight

The bank will then work with a listing agent to list the home on the MLS. Barnett, for instance, will walk the property with clients (or via video) to identify things that would need to be repaired or renovated. Use the MLS. Track a foreclosure property. After you’ve found a property, it’s important to get an inspection.

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