Marco Santarelli

APRIL 4, 2025

Increased Construction Costs: Tariffs on materials like steel and lumber can significantly increase the cost of building new homes. One study even suggested that existing tariffs could increase new-home construction costs by 4 to 6 percent. Do Your Due Diligence: Research the local housing market in your area.

Mortgages 59

Mortgages Construction Due diligence Fixed-rate mortgage 59

AAOA

JANUARY 27, 2025

Taking your time and doing your due diligence when considering a particular investment property will always be a crucial step. Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees.

Property Management 80

Property Management Due diligence Finance VA loan 80

Realty Biz

JUNE 15, 2022

Performing due diligence is vital when purchasing a home. There are quite a few things that will determine whether you will be able to pull a building permit for house construction. If the lot is located in a homeowner’s association there can be covenants that owners have to follow. Land Easements.

Land 128

Land Purchase and sale agreement Due diligence Title 128

Realty Biz

MARCH 30, 2023

When searching for someone to work with, be sure to read online reviews and do your due diligence. This will help you avoid any potential pitfalls and understand what is required of you as a homeowner. Therefore, make sure you do your due diligence before signing any contracts.

Mortgages 101

Mortgages Pre-approval Pre-qualification Due diligence 101

Realtor.com

JANUARY 10, 2023

Word-of-mouth is currently still the best way to find a handyman,” says Nathan Outlaw , CEO of Onvico, a construction company based in Thomasville, GA. Because they personally know the handyman, homeowners can let their guard down and possibly overlook some formalities. And awkward. Reputable online sources. Verify, verify, verify.

Due diligence 95

Due diligence Property Management Renovation Construction 95

HomeLight

AUGUST 16, 2021

If you know anything about how to buy a house at auction, then you know that someone just became a homeowner. This means that the homeowner stopped making payments on their mortgage, and the bank seized the property to recoup the funds. Let the bidding begin! Source: (Maksim Safaniuk / ShutterStock). What houses go up for auction?

Title 111

Title Due diligence Finance Inspection 111

HomeLight

MARCH 13, 2023

As a homeowner in Los Angeles, you can expect to receive a discounted price from a cash buyer. Understanding the cost of ownership is important for a homeowner to anticipate the discounted offer they’ll receive from a cash buyer or house flipper. What should a homeowner look for in a Los Angeles cash buyer?

Sales 105

Sales Purchase and sale agreement Inspection Due diligence 105

HomeLight

OCTOBER 15, 2020

These communities often have a homeowners’ association (HOA ) that levies an annual fee to cover costs, such as the neighborhood pool, streetlights, and common property maintenance. But if you change your mind after the due diligence period is over, you could lose your earnest money deposit.).

Due diligence 98

Due diligence Earnest money deposit Marketing Inspection 98

HomeLight

MAY 28, 2021

These nostalgic houses can be a great purchase, as long as buyers do their due diligence. Originally, shotgun houses were only one story tall, but as families grew and residential life changed, some homeowners added space vertically. In urban areas, shotgun houses were constructed close together due to land scarcity.

Renovation 105

Renovation Due diligence Pre-approval Construction 105

Realty Biz

FEBRUARY 9, 2021

Perhaps you’re in the process of building your own home, and you need the extra funds to cover construction costs, or you’re just desperate to sell the house fast so you can move somewhere else you’ve always wanted to be. Do some due diligence and ask around for any reviews from folks who may have used one of the local companies.

Due diligence 145

Due diligence Agents Sales As-is 145

HomeLight

MAY 28, 2021

He uses the example of a homeowner who may be asked about attic insulation. Many new construction homes come with a home warranty from the builder. That’s why due diligence on the part of a homebuyer is vital. So the information you’re getting on a seller’s disclosure may or may not be complete.”.

Inspection contingency 107

Inspection contingency Inspection Seller disclosure Due diligence 107

HomeLight

AUGUST 31, 2021

Also known as a lease-purchase agreement, a rent-to-own contract is an agreement between the tenant and the homeowner stipulating that a portion of the monthly rent is credited toward the future purchase of the property. Do your due diligence. Sounds ideal, right? I wanted her to feel as though the home were hers from day one.”.

Purchase and sale agreement 124

Purchase and sale agreement Due diligence Closing costs Mortgages 124

Realty Biz

FEBRUARY 24, 2021

It’s rare to find a subdivision that sells directly to homeowners, but they do exist. Savvy buyers will do these tests as a part of the due diligence portion of the sales process. On the other hand, if you buy the land using cash, you can then use your new property as equity to finance construction. How to pay.

Land 122

Land Loans MLS Finance 122

HomeLight

FEBRUARY 28, 2022

“There are very few items that you can construct without legally being required to get a permit,” he says. For many homeowners, this small detail slips through the cracks, then becomes a problem when they want to put their house on the market. This ensures that the structure will be safe for you and any future occupants.

Inspection 105

Inspection Due diligence Sales Construction 105

HomeLight

OCTOBER 5, 2020

Sometimes life happens, and a current homeowner can’t afford to keep paying their mortgage … and the remaining payoff amount is more than the home is currently worth. A short sale is when a homeowner and their lender agree to sell the home for less than what’s owed on the mortgage loan. Source: (Paul Fiedler / Unsplash).

Short sale 92

Short sale Sales Banks Due diligence 92

HomeLight

APRIL 14, 2023

South Florida Cash Home Buyers says they help homeowners get rid of poorly maintained, unwanted, vacant, or inherited houses. Fair Offer Florida bills itself as passionate about helping homeowners facing foreclosure. The Buy Guys is accredited by the Better Business Bureau (BBB) and holds an average review score of 4.33/5

Sales 104

Sales Due diligence Agents Closing 104

HomeLight

APRIL 30, 2021

Methodology: HomeGuide tracks millions of cost estimates that homeowners receive from local contractors, and then shares the average of those prices. They are the easiest ones to construct and they are safe to walk on. Any construction project using wood at this time will be more costly than it was a year ago,” he says.

Construction 102

Construction Renovation Due diligence Commercial 102

HomeLight

JULY 31, 2021

Working with a cash buyer could help you overcome these common selling setbacks in San Antonio: Surge in new home construction. The amount of new construction may create a challenge for some sellers, particularly if their property needs some work. Building is seeing a boom in San Antonio.

Investor 111

Investor Title Sales Due diligence 111

Redfin

JANUARY 6, 2021

However, managing the construction process isn’t always easy. Unless you have a lot of cash on hand, you’re likely going to need some sort of third-party financing to afford the cost of construction on a new home. That cost is then converted to a mortgage when construction is finished. Plan Your Home.

Construction 59

Construction Land New Construction Inspection 59

HomeLight

MARCH 8, 2024

Ownership of a condo and a house varies significantly, and this distinction fundamentally impacts your responsibilities and rights as a homeowner — as well as your decisions about which property to purchase. This shared space is managed by a Homeowners Association (HOA), a board composed of unit owners elected by fellow residents.

Finance 115

Finance As-is Due diligence Closing 115

HomeLight

MARCH 16, 2021

After all, as the future homeowner, you could absolutely choose to finish the basement according to your own preferences. Structural issues and water damage can easily go unnoticed in an unfinished basement, so even if competition is stiff and you’re eager to snap up a great home before someone else buys it, don’t skimp on your due diligence.

Due diligence 105

Due diligence As-is Inspection Renovation 105

Realty Biz

FEBRUARY 2, 2024

Selling the House 'As Is' vs. Making Repairs After assessing the damage, homeowners decide between selling the house 'as is' or making necessary repairs. They offer cash deals , allowing homeowners to avoid repairs, marketing, and other traditional selling processes. Ask the home inspector questions about dealing with this situation.

Investor 111

Investor Sales Due diligence Renovation 111

HomeLight

JUNE 30, 2021

Your perfect home is part of a homeowners association (HOA) and there’s some mumbo jumbo about having to pay an additional expense (beyond the typical costs of owning a home) known as HOA dues. While HOA dues aren’t technically included in your monthly mortgage payment, they can affect your ability to qualify for a home.

Mortgages 90

Mortgages Debt-to-income ratio Loans Due diligence 90

HomeLight

OCTOBER 12, 2022

Since there may be flaws unknown to the homeowner, buyers should hire a professional home inspector to look for defects that may not be obvious and pay close attention to items revealed on the disclosure form. Disclosure forms are given to the buyer after agreeing on the price and before closing during the buyer’s due diligence period.

Seller disclosure 111

Seller disclosure Purchase and sale agreement Homeowner’s association Inspection 111

CT Homes

MARCH 8, 2021

It can be a minefield in the renters’ world today, which is why smart renters need to complete as much of their due diligence as possible. Is the condo or homeowners association solvent? This includes checking into the solvency of the owner and manager. What about any associations involved?

Inspection 88

Inspection Due diligence Property Management As-is 88

Marco Santarelli

FEBRUARY 1, 2023

Because there is a fixed cost on a house based on the value of the land, cost of construction, sewer, subdivision plans, and other factors. In humid areas, below-ground living space isn't as valuable to homeowners as in dryer areas of the country. Plus, this greatly varies depending on different regions of the country.

Marketing 96

Marketing MLS Due diligence Sales 96

Redfin

AUGUST 23, 2023

Among the crucial steps that potential homeowners must undertake, a comprehensive home inspection is one of the most important. We find significant issues even in new construction.” Nevertheless, it’s important to recognize that numerous buyers in the state typically anticipate or ask for an inspection during due diligence.

Inspection 59

Inspection Due diligence Branding New Construction 59

Redfin

DECEMBER 18, 2023

Are there other things you should be thinking about or doing now that you’re a homeowner? Double check your homeowners’ insurance When it comes to insurance companies, particularly homeowners insurance , they are typically aware of your change of address during the mortgage process.

Inspection 71

Inspection Due diligence Closing As-is 71

HomeLight

MARCH 4, 2021

If you’re interested in flipping houses as an investment strategy, you’ll want to have a trusted contractor on your team to help with estimating project costs and executing the construction work. A word of caution: Resist the temptation to let familiarity with your investment partner(s) override due diligence.

Investor 111

Investor Land Lending Residential 111

Realtor.com

JANUARY 5, 2023

The 1,946-square-foot space does need some updating, and buyers are encouraged to do their own due diligence. The monthly homeowners association fee includes landscaping, maintenance of the pond, and snow removal. An addition was constructed circa 1860, with another addition completed more recently. Price: $869,000.

Due diligence 67

Due diligence Commercial Renovation Construction 67

Redfin

OCTOBER 3, 2023

A home inspection can save thousands of dollars on items that are not visible to the average homeowner. For the cost, an inspection report is a valuable tool to any new homeowner. Even in new construction, hidden issues may be present, which could cause damage to your personal property.

Inspection 63

Inspection Due diligence New Construction Sales 63

HomeLight

SEPTEMBER 15, 2021

Homeowners insurance records. Homeowners association (HOA) documents. Homeowners insurance records. Whatever the laws in your state, it’s advisable to procure a copy of your homeowners insurance records. Homeowners Association (HOA) documents. Homeowners dues amount statement. Original sale contract.

Purchase and sale agreement 116

Purchase and sale agreement Inspection Title Pre-approval 116

Marco Santarelli

DECEMBER 12, 2024

The South and West have emerged as prominent locations for new construction, which helps boost inventory levels. The increase in inventory is partly due to new construction, which has been actively responding to the demand for more homes. However, new construction isn't the only driver of improved inventory.

Marketing 59

Marketing VA loan New Construction Construction 59

HomeLight

SEPTEMBER 24, 2022

New construction is offered at Cadence at Bainbridge and Cadence at Century Farm in Meridian. An experienced agent who knows the local market can provide valuable insights into community characteristics such as crime rates, affordability, home construction quality, and the reputation of the governing association.

Land lease 110

Land lease Agents Land Development 110

Redfin

JULY 27, 2023

As homeowners make mortgage payments, they gradually accumulate equity, representing the difference between the property’s market value and the remaining loan balance. Tax benefits Another advantage of buying a home in Raleigh rather than renting is the potential tax benefits you could receive as a homeowner.

Equity 58

Equity Due diligence New Construction Closing costs 58

Redfin

MARCH 18, 2021

However, savvy buyers will do their due diligence by scheduling specialty home inspections, especially if the house is older or has specific features. A chimney inspection can alert you of any potential problems in the firebox or flue, buildup, or blockages that you can bring to the homeowners to fix before closing on the home.

Inspection 66

Inspection Due diligence Construction As-is 66

HomeLight

OCTOBER 26, 2021

It documents issues both major and minor, giving you a full picture of exactly what you’ll be taking on as a homeowner. If you want to forego a full inspection when purchasing a new home, an agent experienced in new home construction may help identify what to look for.

Inspection 97

Inspection Purchase and sale agreement Due diligence Closing 97