article thumbnail

Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes

HomeLight

You may have heard that short sales, foreclosures, or bank-owned properties offer great opportunities for a steal , but what do these different terms mean, and how does the homebuying transaction work for each? What’s the difference between buying a short sale vs. a foreclosure, and where can the best deals be had?

article thumbnail

How to Find and Prepare for Foreclosure Auctions Near You

HomeLight

Read on for details about the different stages of the foreclosure process (including the possibility of snagging a great deal during the pre-foreclosure stage , or after a home has failed at auction), how to find local foreclosure auctions, and what to do so that you’re prepared when you attend.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Need to sell your house fast? Here are 7 great options

Housing Wire

Most real estate agents deal with primary homeowners and homebuyers, so they may market an investment property to the wrong audience, delaying the sale. If it looks unkempt from the outside or the inside is cluttered and not staged, it could take longer, even if the layout and overall condition of the home are good.

article thumbnail

What do economic trends mean for housing in 2023?

Housing Wire

As broader economic events have taken center stage since last summer, the market has grown increasingly volatile. Back when prices were falling by as much as 50% or 60%, California was at nearly 18 months of housing supply as REOs and short-sales flooded the market. To register, go here. In March 2023, it was just 2.2

article thumbnail

This savagely unhealthy housing market needs higher rates

Housing Wire

My rule to get the housing market out of the unhealthy stage is that we need total inventory back between 1.52 This created an abnormal amount of foreclosures and short sales, which exploded the supply levels for the existing home sales market. Inventory is always seasonal. million and 1.93 I use the 1.52-1.93

Marketing 528
article thumbnail

Foreclosed Properties: How to Buy One and Whether You Should

Realty Biz

Finding properties in one of the stages of foreclosure is often as easy as looking through a simple Zillow search. When to Look for Foreclosures Christina says that one of the best opportunities is at the earliest stage of foreclosure. These sales can be slow ,” says Christina, “and you are at the mercy of the bank.

article thumbnail

Best Foreclosure Websites to Find Homes

HomeLight

Foreclosure websites are online platforms that list properties in various stages of foreclosure. Each listing includes essential details like photos, descriptions, and contact information for agents or banks handling the sale. Agents don’t pay us to be listed, so you get the best match. Get Started What are foreclosure websites?