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A must-read for homeowners: Do you have to renovate before you sell?

Cornerstone

But before you sign any contracts, keep in mind that there’s something unique going on in today’s housing market. Many more homebuyers are competing for available houses, and renovations might not be as necessary as they were to sell competitively just a few years ago. Keep 2 things in mind if you’re planning to sell this season.

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4 reasons you’re better off selling your house this summer [INFOGRAPHIC]

Cornerstone

Sellers who list may find a golden opportunity: Right now, you’re likely to sell your house quicker and at a better price. This summer, sellers benefit from the fact that mortgage rates still hover around the rock-bottom lows seen during last year’s COVID crisis. Remember, sellers do plan on re-entering the market soon.

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What Happens to My Mortgage If I Move?

Assurance Financial

In a traditional home sale, the seller lists the house for a price that will cover the following costs: The mortgage’s remaining costs. Existing home equity loans or home equity lines of credit (HELOCs), if applicable. After taking care of the above expenses, whatever amount is left over is the seller’s profit.

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The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

Some homebuyers are intimidated by foreclosed and bank-owned homes because they often require more renovations — and a different type of negotiation — than other options on the market. Depending on the lender, you may need to submit special contract forms or paperwork. 10 Steps to Buying REO Properties.

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The Housing Market Has Become Like the Pymatuning Spillway

Cleveland Appraisal Blog

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price.

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How a Home Appraisal From a Lender Can Make or Break a Mortgage for Your First Home or Beyond

Realtor

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. But if a buyer isn’t willing or able to pay the difference between the appraisal amount and the sales price, there are options: Negotiate with the seller.

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How a Home Appraisal From a Lender Can Make or Break a Mortgage for Your First Home or Beyond

Realtor

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. But if a buyer isn’t willing or able to pay the difference between the appraisal amount and the sales price, there are options: Negotiate with the seller.