Housing Wire

JANUARY 31, 2023

To do so, they plan on capitalizing on single close construction loans in addition to the conventional, government, and jumbo loans. “We We have a one-time close construction-to-permanent loan, and we are the largest seller of that product to the agencies. It also underwrites conventional loans and works as a marketing tool for LOs.

Loans 418

Loans Mortgages Loan Officer Pre-approval 418

Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. “We do not see new construction returning in a meaningful way any time soon. Will Savage, a loan originator at PMC Mortgage , sees many pre-approved clients having to get reapproved for a mortgage based on the rate increases.

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Keeping Current Matters

FEBRUARY 24, 2021

If the seller sells their home, where would they live while their new home is being constructed? In return, the buyer might lease the house back to the seller for a pre-determined length of time while the seller’s new home is being built. Perhaps you need time to get permits or approvals for certain upgrades you made to the house.

Pre-approval 324

Pre-approval Construction Equity Sales 324

Toronto Realty Blog

FEBRUARY 20, 2025

In order to build a condominium in Ontario, the developer will pre-sell units, that don’t yet exist, and when a certain threshold is met (ie. 80%), one of the major banks will finance the project and give the go-ahead to begin construction. ” Don’t even get me started about the price that was paid in pre-construction.

Development 82

Development Purchase and sale agreement Pre-approval MLS 82

Marco Santarelli

JANUARY 15, 2025

Job Growth vs. New Construction: A vibrant job market attracts new residents, but if there aren't enough new homes being built, competition will surge, which can put upward pressure on home prices. It's not always about the biggest jump, but rather sustainable, steady growth. More households means more people looking for homes.

Marketing 98

Marketing Pre-approval Sales New Construction 98

Toronto Realty Blog

FEBRUARY 27, 2023

Thank you for taking us back to that place that we all thought we had left for good: pre-construction. about the pre-construction condo industry just as soon as this blog was launched back in 2007. Pre-construction “experts.” I started blogging (ranting?) ” Yeah. Prices are $1,200 now.”

Construction 97

Construction Pre-approval Purchase and sale agreement Development 97

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. I just asked an agent in my office, “How much do you think pre-construction condos are selling for in Kitchener?”

Construction 111

Construction Pre-approval Development Investor 111

Toronto Realty Blog

SEPTEMBER 19, 2022

I have been perhaps the harshest critic of the pre-construction condominium industry in Ontario over the past two decades. Some of you, reading this, have made money in pre-construction. I think I grew so disenfranchised with writing about the perils of pre-con that I finally stopped. I have no doubt about that.

Construction 98

Construction Industrial Purchase and sale agreement Pre-approval 98

Marco Santarelli

FEBRUARY 7, 2025

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. Work with a reputable lender to get pre-approved for a mortgage.

Pre-approval 87

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

Toronto Realty Blog

MAY 16, 2022

Council approved an Inclusionary Zoning Official Plan amendment, a Zoning Bylaw amendment and draft Implementation Guidelines, which will make it mandatory for certain new developments around Protected Major Transit Stations Areas to include affordable rental and ownership housing units beginning in 2022. By: Bob Aaron. The Toronto STAR.

Construction 105

Construction Pre-approval Purchase and sale agreement Development 105

Toronto Realty Blog

MARCH 1, 2023

These are in no particular order, other than what I think of when I really question why a condominium project might be canceled in Toronto… – 1) Zoning and approval. Remember, developers can start pre-sales before they have a final design or approval, and of course, they can always change the design.

Construction 97

Construction Bankruptcy Pre-approval Purchase and sale agreement 97

Realtor.com

JANUARY 2, 2023

While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. With that in mind, we’re here to set the record straight on some easily busted new-construction myths that just won’t quit. New construction homes are more expensive.

New Construction 105

New Construction Construction Pre-approval Inspection 105

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?

New Construction 87

New Construction Construction Pre-approval Land 87

Housing Wire

AUGUST 29, 2022

On top of competitive rates, getting approved for a mortgage has to be an easy and quick closing process for the customer, said Kevin Leibowitz, CEO of brokerage Grayton Mortgage. Using artificial intelligence, Bolt allows brokers to do a pre-underwrite, which an underwriter looks at within four hours or so, according to Hussam. “I

Loan Officer 435

Loan Officer Loans Equity Mortgages 435

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. Limited Space: Coastal cities often have limited space for new construction, leading to a shortage of housing and increased competition. Although the price is relatively high, homes are selling quickly.

Pre-approval 52

Pre-approval New Construction Marketing Inspection 52

Marco Santarelli

NOVEMBER 14, 2024

Get pre-approved for a mortgage: Knowing how much you can afford will help you avoid overspending on a home. New construction: An increase in new homes can put downward pressure on prices. Look at recent sales data, inventory levels, and economic indicators. Try to negotiate the best price possible to protect your investment.

Marketing 110

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. 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.

New Construction 105

New Construction Construction Inspection Pre-approval 105

Marco Santarelli

FEBRUARY 28, 2025

I believe, and I have seen, that we need more innovative solutions, such as increasing density in transit-oriented areas and streamlining the permitting process for new construction, to address the affordability crisis effectively. What This Means for Buyers and Sellers in San Diego Okay, so you know the prediction and the factors behind it.

Marketing 92

Marketing Pre-approval Land Staging 92

Toronto Realty Blog

DECEMBER 1, 2023

TorontoRealtyBlog On Wednesday, I took a look at the pre-construction condominium market in Toronto and how prices and those sweet builder “incentives” look this fall. Today, I want to continue the pre-con theme and present you with a story that I’ve been holding on to for about a month now. There was no catch.

Pre-approval 97

Pre-approval Pre-qualification Development Construction 97

Propmodo

NOVEMBER 4, 2024

NDC’s challenges stemmed from rising construction costs, labor shortages, and navigating the maze of D.C.’s The company also faced other hurdles, from prolonged delays in securing city approvals for new projects to a cooling local real estate market and fierce competition for every scrap of available land.

Finance 57

Finance Closing Development Pre-approval 57

HomeLight

FEBRUARY 12, 2021

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. Defective paint surfaces in homes constructed pre-1978. of all mortgage originations. A leaking or worn out roof.

FHA loan 111

FHA loan Loans Pre-approval Pre-qualification 111

Marco Santarelli

MARCH 26, 2025

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. This makes new construction a more appealing option for many buyers. Let's dive into what's happening and what it could mean for you.

Sales 52

Sales Mortgages New Construction Construction 52

BAM Media

APRIL 3, 2025

1: Foreclosures & Bankruptcies Still Below Pre-Pandemic Levels Consumers still worry that were heading for a repeat of the Great Recession of 2008. Its also worth noting that the new administrations tariff policy could drive up home values by raising the cost of building materials for new construction and home repairs and renovations. #3:

Bankruptcy 52

Bankruptcy Pre-approval Marketing FHA loan 52

RIS Media

OCTOBER 22, 2020

– New Homes: New homes that are under construction may have buyers that fall through. If the listing agent is allowed to disclose the other offers, make sure to obtain written approval from the seller before discussing this. This is not the case. In some cases, Bolin suggests a deposit of $5,000 to make your offer seem strong.

Earnest money deposit 127

Earnest money deposit Pre-approval Marketing Proof of funds 127

Realty Biz

NOVEMBER 23, 2022

Knowing how much you can afford eliminates wasted time and the hassle of trying to get approved by a lender. Lenders also use a method to determine how much you can afford by comparing your total monthly debts to your monthly pre-tax income. Get Your Mortgage Loan Pre-Approved. Know What You Can Afford.

Pre-approval 90

Pre-approval Agents Construction Closing 90

Realty Biz

APRIL 30, 2022

Knowing how much you can afford eliminates wasted time and the hassle of trying to get approved by a lender. Lenders also use a method to determine how much you can afford by comparing your total monthly debts to your monthly pre-tax income. Get Your Mortgage Loan Pre-Approved. Know What You Can Afford.

Pre-approval 86

Pre-approval Agents Construction Closing 86

Marco Santarelli

JUNE 3, 2024

The housing market hasn't fully recovered from the construction slowdown that followed the 2008 recession. You'll need to have your finances in order, with a strong down payment and pre-approval for a mortgage. Builders are aware of the shortage and are ramping up construction. So, what can you do?

Pre-approval 105

Pre-approval Construction Mortgages Staging 105

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. However, competition might still exist, especially for desirable properties.

Marketing 105

Marketing Pre-approval New Construction Fixed-rate mortgage 105

Toronto Realty Blog

JULY 11, 2024

Not so much in terms of my memories and experiences, but rather conversations and explanations that we had many, many years ago about the utterly ridiculous system of “occupancy” that occurs in the pre-construction world. Many pre-construction buyers have no idea how this works, and many are caught off guard.

Pre-approval 91

Pre-approval Marketing Construction MLS 91

Toronto Realty Blog

MARCH 10, 2025

Imagine that you’re purchasing a pre-construction condominium or a house that’s to be built by a developer, and these are closing well into the future. As I have mentioned many, many times before, I got into the real estate industry in 2004 when pre-construction prices were lower than comparable resale.

Purchase and sale agreement 69

Purchase and sale agreement Pre-approval Banks Construction 69

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. Consumer appetite for over-priced pre-construction units plummeted.

Development 104

Development Pre-approval Construction Land 104

Realty Biz

MARCH 30, 2023

Documentation and the Pre-Approval Process Pre-approval is a must for anyone looking to purchase a home. Be sure to have all of your documentation in order and ready to go before starting the pre-approval process. that may help you get approved with favorable terms.

Mortgages 101

Mortgages Pre-approval Pre-qualification Due diligence 101

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.”. That’s what Praneet Gill, chief strategy officer at a tech startup, and her husband did.

Pre-approval 94

Pre-approval Renovation Finance Construction 94

Realty Biz

MARCH 28, 2022

The good news is that new home sales are still above pre-pandemic levels. Builders also are facing an all-time high in a backlog of homes that are approved for construction but not yet started. from the same month one year ago. In addition, new home sales rose quite substantially in the Northeast, up by 59.3% in the Midwest. .

Sales 102

Sales Pre-approval Construction Development 102

Realty Biz

JUNE 14, 2023

Fortune International Group and Château Group have successfully reached a utility agreement, enabling the commencement of construction for the St. As the demand for luxury condos in Miami is rising, national and foreign investors are very much interested in purchasing pre-construction condos, and the twin towers of St.

Construction 52

Construction Pre-approval Development Design 52

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. It is 552,857 new homes constructed every year for seven consecutive years, in a country that already struggles to build half that each year. Think about that, for a moment.

Land 115

Land Pre-approval Construction Development 115

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. Hope you enjoy! The timing could not have been more awkward.

Pre-approval 97

Pre-approval Purchase and sale agreement Construction Investor 97