Windemere Buying

MARCH 29, 2023

A new construction home, however, has no previous owner; it comes brand new. Learning about the new construction buying process will help you understand how it differs from other types of housing, such as existing single-family homes, townhouses, condominiums , etc. What is a new construction home?

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Realtor.com

JANUARY 2, 2023

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

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New Construction Construction Pre-approval Inspection 105

Keeping Current Matters

FEBRUARY 24, 2021

There’s no doubt many sellers would love to build a new home to perfectly fit their changing wants and needs. If the seller sells their home, where would they live while their new home is being constructed? According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7%

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Pre-approval Construction Equity Sales 324

Marco Santarelli

FEBRUARY 7, 2025

Let's delve into the critical factors that set the 2025 housing market apart from the pre-crash era. Let's delve into the critical factors that set the 2025 housing market apart from the pre-crash era. Reckless construction and speculative buying led to a surplus that couldn't be sustained when the economy faltered.

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Pre-approval Marketing Debt-to-income ratio Lending 87

Marco Santarelli

NOVEMBER 14, 2024

Are you thinking about buying a home in 2025, or maybe you're looking to invest in real estate? If so, you're probably aware that the housing market has been going through a period of change. Some experts believe a housing market crash is looming in certain areas of the country. Home prices increased by 3.4% year-over-year in September 2024.

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Marketing Pre-approval Mortgages New Construction 110

HomeLight

JUNE 27, 2022

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. However, you want to arm yourself with the tools and insider information so you don’t get too carried away with the new build. The dos of buying new construction.

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New Construction Construction Inspection Pre-approval 105

Marco Santarelli

MARCH 20, 2025

As per reports, the East Coast markets have not yet recovered to pre-pandemic levels, which keeps the market pace snappy. If you're looking to buy or sell in a market that's moving quickly, keep reading to find out which cities are seeing homes snapped up in record time. But in some areas, it's more like a frenzy!

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Pre-approval New Construction Marketing Inspection 52

Marco Santarelli

FEBRUARY 28, 2025

The index looks at the difference between the number of jobs added over the last two years and the number of building permits issued for new homes during the same period. You might want to buckle up! This means increased competition among buyers, which could potentially drive up prices. What's driving this prediction?

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Marketing Pre-approval Land Staging 92

BAM Media

APRIL 3, 2025

If theyre relying on randoms spreading sensational news with zero accountability, they will be misled. 1: Foreclosures & Bankruptcies Still Below Pre-Pandemic Levels Consumers still worry that were heading for a repeat of the Great Recession of 2008. Fortunately, Mohtashami quickly responded and set the record straight.

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Bankruptcy Pre-approval Marketing FHA loan 59

Marco Santarelli

MARCH 26, 2025

The good news is, lower mortgage rates help push new-home sales higher , and we've seen a bit of that recently. While the increase might not be as dramatic as some hoped, the slight dip in rates combined with limited existing home inventory has given the new construction market a little boost. That's also 5.1%

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Sales Mortgages New Construction Construction 52

HomeLight

AUGUST 31, 2021

Don’t let the pristine facade or shiny appliances of a model home deceive you: buying new construction will be as complex as any old real estate transaction, if not more so. These are all areas where a knowledgeable buyer’s agent who’s got lots of new-build experience and local builder connections can be invaluable.

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Agents New Construction Purchase and sale agreement Construction 128

Marco Santarelli

MARCH 22, 2025

Metric Q1 Performance Homes Delivered 17,834 New Orders 18,355 Average Sales Price (after incentives) $408,000 (-1% YoY) While the number of homes delivered and new orders remained relatively strong, the key takeaway is the decline in average sales price. Is the housing market about to stumble? Is it Time to Panic?

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Marketing Pre-approval Lending Staging 59

Marco Santarelli

APRIL 20, 2024

New Construction: While not a major short-term solution, an increase in new home construction activity could eventually contribute to a more balanced inventory level. The overall supply is likely to remain below pre-pandemic levels. Predictions range from the mid 6 % to the low 7 % range for the next 24 months.

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Marketing Pre-approval New Construction Fixed-rate mortgage 105

Marco Santarelli

FEBRUARY 13, 2025

Based on a recent Realtor.com report, Manchester, New Hampshire , claims the top spot as America's Hottest Housing Market in January 2025. Manchester, NH: The Reigning Champ Manchester, New Hampshire, has clinched the No. This means the demand for homes is incredibly high there while the number of available properties is low.

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Marketing Pre-approval New Construction Construction 52

Marco Santarelli

FEBRUARY 17, 2025

Influx of Young Professionals and Families: All those new jobs are attracting young professionals and families, eager to plant roots in a city with a lower cost of living than many other major metropolitan areas. Construction hasn't been able to keep up with job creation, tightening the market considerably.

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Marketing Construction New Construction Pre-approval 52

Realtor.com

DECEMBER 8, 2022

So, Happy New Year! Can’t-miss tip: Many homebuyers pass over the importance of getting pre-approved for a mortgage before starting a house hunt. Can’t-miss tip: Many homebuyers pass over the importance of getting pre-approved for a mortgage before starting a house hunt. And happy home hunting.). The result?

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Pre-approval New Construction Inspection Construction 126

Marco Santarelli

MARCH 13, 2025

Here's what the data is telling us: Mortgage rates are down: According to Mortgage News Daily , the daily average 30-year fixed mortgage rate was at 6.82% on March 12, lower than the 6.87% rate a year prior. Housing demand is surging as mortgage rates have dropped significantly. This is the highest level we've seen since early February.

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Mortgages Pre-approval New Construction Sales 52

Marco Santarelli

JANUARY 7, 2025

A potent combination of limited supply and a good number of new jobs coming into the area, which creates a recipe for high competition. Builders are struggling to keep pace with the influx of new residents, so housing supply is seriously tight. But dont stop there! Why Buffalo Again? I know, you might be thinking, “Buffalo?

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Marketing Pre-approval Investor Construction 52

Marco Santarelli

JUNE 23, 2024

More Homes on the Market Good news for buyers! Mortgage Rates May Dip While mortgage rates remain elevated compared to pre-pandemic levels, there are signs that they may start to come down. While some modest price increases may still occur, particularly in desirable locations, the breakneck speed of appreciation is likely to slow.

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Marketing Pre-approval New Construction Investor 98

Marco Santarelli

NOVEMBER 12, 2024

Are you thinking about buying a home in 2025, or maybe you're looking to invest in real estate? If so, you're probably aware that the housing market has been going through a period of change. Some experts believe a housing market crash is looming in certain areas of the country. Home prices increased by 3.4% year-over-year in September 2024.

Marketing 52

Marketing Pre-approval Mortgages New Construction 52

Toronto Realty Blog

NOVEMBER 4, 2022

Five people sent me pricing for new construction projects, but one in particular really, really stood out. ” This is actually very, very common in the pre-construction world. It’s that one that I’d like to review today. And listen folks, I have nothing against Kitchener. I have family in Kay-dubya.

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Construction Pre-approval Development Investor 111

Realtor.com

JULY 9, 2021

The couple lived in a third-floor apartment with their two children in a pre-war building they loved on Manhattan’s Upper West Side. We kept it in the pre-war style of the building, so we maintained its spirit, but everything is modern and new.”. We wanted the apartment to be our own and to reflect what we like,” she said. “We

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Toronto Realty Blog

MAY 27, 2024

I want you to think, for a moment, of the Toronto real estate market and construction industry as a field of fictional Tiberium in Command & Conquer. How many developers are starting new projects right now? Think about that, for a moment. What would happen if you picked an entire mine, clean ? But why is this?

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Land Pre-approval Construction Development 115

Realty Biz

JUNE 16, 2023

in seed funding from several venture capital firms and angel investors, Propertymate announced it has rebranded as NewHomesMate and expanding to nine new markets, in addition to the preexistent Austin: Dallas, Houston, Orlando, Jacksonville, Tampa, San Antonio, Miami - Ft. Step six : Have you been pre-approved by a lender?

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New Construction Pre-approval Construction Investor 84

Marco Santarelli

MAY 11, 2024

Local factors like job markets, industry presence, and the pace of new construction can significantly influence housing trends within a particular state or even a metropolitan area. This might trigger some alarm, but it's crucial to recognize the context. The decline is gradual, with a mere drop from 46.1% in the last quarter.

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Mortgages Marketing Equity Pre-approval 109

RIS Media

DECEMBER 10, 2020

The “new normal” is fueling more moves from cities to suburbs, more long-distance moves, and new space and amenity demands while also prompting sellers to be more selective in a market where 95 percent of transactions are receiving multiple offers.

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Pre-approval New Construction Industrial Construction 81

Toronto Realty Blog

SEPTEMBER 30, 2024

Hmm… While we’re here, we should also look at the most egregious example of “old stats” versus “new stats” in baseball history, according to yours truly: This is the American League Cy Young vote in 1990. compared to Roger Clemens (pre-steroids) who put up a 10.4 But his WAR was a paltry 2.9

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Pre-approval Development Land Construction 105

Toronto Realty Blog

SEPTEMBER 9, 2024

Developers pre-sell condominiums, to be built at a future date, and when enough of the units are sold, a bank will provide financing for the construction. I’ve said all that I have to say about the pre-construction condominium industry. Twenty-nine per cent of the cost of the new condo is taxes.

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Development Pre-approval Construction Land 104

HomeLight

AUGUST 31, 2021

And that difference of $25,000 is equity in the home that now belongs to the new buyer. If so, then the 203k loan may offer a way to finance your plans, but first, you’ll need to know both what this loan is and how to get a 203k loan. . Many mortgage lenders will not finance the purchase of a home that needs significant repairs.

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Loans FHA loan Pre-approval Finance 104

Marco Santarelli

SEPTEMBER 1, 2024

According to a report from Silicon Valley News , the prices have surged 6% from the previous year, illustrating how buyers continue to battle increasing costs. A recent article from the New York Times highlighted the scarcity of condos under $500,000 , so swift action is often necessary.

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Marketing Pre-approval Construction Renovation 98

HomeLight

FEBRUARY 8, 2021

Certain homes in California are subject to a Mello-Roos tax , which is a special tax that allows a district to finance a new development or make improvements to existing infrastructure. Mella-Roos taxes might fund a new school, museum, roads, parks, police station, child care center, etc. To locals, this comes as no surprise.

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Pre-approval New Construction Agents Development 105

Realty Biz

SEPTEMBER 23, 2023

Understanding the mortgage process, including prequalification and pre-approval, is also essential. Buyer agents can provide valuable support in various situations, such as buying a new home or purchasing a foreclosure. Buyer agents play a crucial role in real estate transactions. What is a Buyer's Agent Agreement?

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Purchase and sale agreement Pre-approval Agents Pre-qualification 70

HomeLight

AUGUST 16, 2022

A Pew Research Center analysis of data from 44 advanced economies found consumer prices have risen substantially in nearly all of those countries since the pre-pandemic era. So, to help you navigate in this new world where everything costs more, we’re arming you with the latest information about: what is causing inflation.

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Marketing Pre-approval Equity New Construction 110

Toronto Realty Blog

APRIL 27, 2022

The news cycle in real estate is an interesting one. The Lower Jarvis one is not only the better location (even though the surrounding area has tons of construction) but has all Miele appliances too and bigger PH units at like 2000+ sq ft. The “revitalization” of Regent Park was approved by Toronto City Council in 2003.

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Realty Biz

DECEMBER 27, 2021

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from Roy in Iowa: Hi Brian, I don’t have to tell you how tough it’s been for homebuyers in 2021. Answer: Hello Roy.

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Pre-approval Mortgages New Construction Loans 98

Toronto Realty Blog

DECEMBER 16, 2024

– #5: The Death Of Pre-Construction Condos There are only two times that you’re allowed to celebrate death: 1) When famed WWF wrestler, The Undertaker , falls into a casket and you know that he’s playing possum and will return shortly. 87 minute read Yeah, that’s probably not good for business. Hope you enjoy!

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Toronto Realty Blog

OCTOBER 15, 2024

The Toronto Star Friday, October 11th, 2024 You may have seen this come up in your news feed with a different title or byline. For the record, my hand is raised. I’m glad to be back in the office. Three days off was plenty. But I’m not complaining about in-laws, like most other people I spoke to this weekend. ” Maybe.

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