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Buying New Construction for the First Time? Here Are the Dos and Don’ts You’ll Need to Know Before Jumping In

HomeLight

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. We’re going to equip you with the top dos and don’ts of buying new construction. The dos of buying new construction. Decide on the type of new construction you want.

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7 Things Sellers Need to Know About FHA Loans When Fielding Offers

HomeLight

As a seller, you’re usually not taking on additional risk by accepting an offer from a buyer pre-approved for an FHA loan than you would with a buyer pre-approved for a conventional loan. Dill shares that it’s only a myth that FHA-backed offers are by default weak offers: “They are strong and well-qualified buyers with steady income.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

This works in your client’s favor if they are collecting on investments, but against them when applied to debt. Construction loan. Debt-to-income ratio (DTI). You can help your clients calculate their DTI by adding together all of their monthly payments and dividing the total by their gross monthly income.