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.

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New Construction Construction Pre-approval Inspection 105

Realty Biz

MARCH 28, 2022

Sales of new homes dipped in February amid shortages of both building materials and labor. While demand from buyers remains high, builders are struggling to add more inventory of new home sales. The good news is that new home sales are still above pre-pandemic levels. New home sales also increased by 6.3%

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Sales Pre-approval Construction Development 102

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.”

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Construction Pre-approval Purchase and sale agreement Development 73

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 77

Construction Industrial Purchase and sale agreement Pre-approval 77

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 75

Construction Bankruptcy Pre-approval Purchase and sale agreement 75

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. A low appraisal is more likely to jeopardize the sale.

FHA loan 111

FHA loan Loans Pre-approval Pre-qualification 111

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. Joe Sesso is director of Sales and national speaker for Homes.com. This is not the case.

Earnest money deposit 127

Earnest money deposit Pre-approval Marketing Proof of funds 127

Marco Santarelli

APRIL 20, 2024

Rising interest rates have cooled buyer enthusiasm, leading to slower sales and questions about the future. Experts offer some insights into what's on the horizon for housing inventory : Gradual Increase Expected: Many analysts predict a gradual increase in available homes for sale over the next two years.

Marketing 105

Marketing Pre-approval New Construction Fixed-rate mortgage 105

HomeLight

MARCH 13, 2023

Do you need to connect with cash home buyers in Austin for a fast sale? With so many people relocating to the Texas state capitol, there’s a need for housing – and there are plenty of cash home buyers in Austin to help sellers who need a quick sale. New construction surge contributing to competition for buyers. city in 2022.

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Sales Investor House Flipping Pre-approval 95

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

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

Sales 105

Sales Purchase and sale agreement Due diligence Inspection 105

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. And if you thought buying new construction without an agent would save you a few bucks in commission, think again. Updated August 31, 2021.

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Agents New Construction Purchase and sale agreement Construction 128

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.

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Pre-approval Renovation Finance Construction 94

HomeLight

JULY 25, 2022

One of the world’s oldest sales maxims remains especially relevant in real estate transactions. And, even a home built with quality construction can fall into disrepair over decades or within an instant after a catastrophic weather event or other event tests or compromises its integrity. Let the buyer beware.

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Inspection Pre-approval Loans Finance 111

Marco Santarelli

JUNE 21, 2024

On one hand, the national median sales price of existing homes has reached a record high of $419,300, reflecting a 5.8% On the other hand, sales are experiencing a slump for the third month in a row. This increase in borrowing costs is making it more expensive to buy a home, leading to a slowdown in sales.

Pre-approval 105

Pre-approval Construction Staging Marketing 105

Marco Santarelli

JUNE 10, 2024

year-over-year jump in available homes for sale as of June 1st, 2024. However, experts like Doug Duncan of Fannie Mae warn that these new listings might not translate to faster sales due to affordability challenges. With overall inventory still significantly below pre-pandemic levels, a true market balance may be a ways off.

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Pre-approval Marketing Mortgages Technology 98

Marco Santarelli

DECEMBER 16, 2024

According to Fannie Mae's Economic and Strategic Research Group, existing home sales are expected to stay near their 30-year lows throughout 2025. Existing Home Sales Predicted to Remain at 30-year Low in 2025 What Does “Near 30-Year Lows” Really Mean? As Fannie Mae also notes, supply is still below pre-pandemic levels.

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Sales New Construction Construction Pre-approval 52

Toronto Realty Blog

SEPTEMBER 23, 2022

Condominium cancellations were rampant in the pre-construction industry and people were starting to get pissed. Sales agents struggled to find flat surfaces on which to sign contracts, as investors and first-time home buyers clamoured to get in on the ground floor of one of the region’s most anticipated new developments.

Construction 59

Construction Purchase and sale agreement Industrial Development 59

Marco Santarelli

JUNE 23, 2024

Mortgage Rates May Dip While mortgage rates remain elevated compared to pre-pandemic levels, there are signs that they may start to come down. Researching recent sales data, consulting with a local realtor, and understanding the economic outlook for your specific area will be essential for navigating the summer market effectively.

Marketing 98

Marketing Pre-approval New Construction Investor 98

Marco Santarelli

MAY 23, 2024

New home sales are slumping due to rising costs. Sales of newly built homes dipped 4.7% This decline is even more pronounced on a year-over-year basis, with sales falling 7.7% This decline is even more pronounced on a year-over-year basis, with sales falling 7.7% Will they rebound in 2024? Let's find out.

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Sales Pre-approval New Construction Construction 52

Realtor.com

DECEMBER 8, 2022

Can’t-miss tip: Many homebuyers pass over the importance of getting pre-approved for a mortgage before starting a house hunt. Buying a New-Construction Home: Pros and Cons All Homebuyers Should Know. Can’t-miss tip: Buyers can shop around for competitive mortgages just as they would for pre-existing homes.

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Pre-approval New Construction Inspection Construction 126

Marco Santarelli

SEPTEMBER 1, 2024

Higher rates can greatly affect monthly payments and overall affordability, making it vital for buyers to pre-qualify for mortgages to ascertain their true budget. Geographical Constraints : The Bay Area's geographical layout, surrounded by water and hills, restricts land availability for new construction.

Marketing 98

Marketing Pre-approval Construction Renovation 98

HomeLight

MARCH 6, 2023

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Other reasons most appraisals are ordered include matters related to inherited properties and sellers who want a pre-listing appraisal.

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Pre-approval Purchase and sale agreement Agents Loans 102

Realty Biz

SEPTEMBER 23, 2023

Understanding the mortgage process, including prequalification and pre-approval, is also essential. How Buyer Agents Get Paid Buyer agents are typically compensated through a commission fee, a percentage of the property's final sale price. It is essential to prepare for the mortgage pre-approval process.

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

Realty Biz

AUGUST 3, 2023

It combines the benefits of cutting-edge technology with practical application in home remodeling and construction. Prepare Construction Documents : If working with professionals, create documents to guide construction. Project Management : Coordinating with contractors and managing the construction phase.

Renovation 79

Renovation Pre-approval Investor Construction 79

Marco Santarelli

SEPTEMBER 22, 2023

According to the National Association of Realtors , home sales fell 2.2 Additional signs of a housing bubble: A decline in the inventory of homes for sale: A low inventory of homes for sale can drive up demand and contribute to a housing bubble. percent from June 2023 to July 2023, and the decline since July of last year was 16.6

Pre-approval 98

Pre-approval Fixed-rate mortgage Lending Equity 98

HomeLight

MARCH 6, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs to consider as well. He explains that owning a house is the most constructive and easiest way to build wealth, and even if you pay more now, you are still building equity, and will likely enjoy significant tax benefits.

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Earnest money deposit Closing Sales Title 110

Marco Santarelli

AUGUST 9, 2020

Home sales bounced back in June by almost after hitting a record bottom in May. Sales were up 42.4 The luxury market suffered the most with more than 50% drops in sales. Sales Price to List Price Ratio of 99.5% Sales grew 42.5% as a month to month sales increased by 68.5%. YoY while sales slumped 16.2%.

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Marketing Sales Mortgages Pre-approval 145

Realtor.com

JUNE 29, 2021

After multiple price cuts, the home is now in pending sale status and was last listed for $9.7 In 1962, while filming scenes in Carmel for “The Notorious Landlady” (with Jack Lemmon and Fred Astaire ), a house with a “For Sale” sign caught Novak’s eye. “‘It There are pre-approved plans drawn up for future expansion.

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Pre-approval Land Branding Construction 98

Realty Biz

AUGUST 19, 2022

Find a Real Estate Pre-licensing Course. In some states, agents get pre-licensing training courses at a state-approved school. Pre-licensing courses teach real estate, ethics, legal matters, taxes, finance, contracts, and insurance. To get a real estate broker license, they must take pre-licensing courses.

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Pre-approval Brokerage Agents Principal 77

RIS Media

JULY 28, 2021

Our collaborative culture creates a safe place for agents to ask questions and receive advice or constructive criticism without feeling belittled or threatened. KS: Like most areas in the country, we’re experiencing bidding wars on almost every home that goes up for sale. JD: How do you attract the top agents in your area? .

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Pre-approval Agents Brokerage Construction 98

HomeLight

SEPTEMBER 15, 2022

Once you’ve made the decision to sell your house, you likely have two main goals: to complete the sale as quickly as possible and to hit that magic number when it comes to price. Greater competition among buyers, which can lead to a sale price higher than market value. Tell me about some that have been similar to my property.

Pre-qualification 110

Pre-qualification Pre-approval Investor Agents 110

RIS Media

DECEMBER 10, 2020

A majority of these moves are likely to be permanent, with nearly three out of four consumers who have moved or planning to move to take advantage of remote work opportunities reporting they will not return to their pre-pandemic residences. Only 17 percent of respondents indicated little change from pre-COVID-19 behavior. .

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Pre-approval New Construction Industrial Construction 81

HomeLight

MAY 27, 2021

With their insight, we’ll shed light on how the inspection and appraisal can affect your home sale. In a home sale, it’s customary for the homebuyer to commission and pay for the home inspection. However, some sellers hire a home inspector before listing their home to conduct what’s known as a pre-listing home inspection.

Inspection 105

Inspection Purchase and sale agreement Pre-approval Loans 105

Marco Santarelli

NOVEMBER 14, 2024

Look at recent sales data, inventory levels, and economic indicators. 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.

Marketing 109

Marketing Pre-approval Mortgages New Construction 109

HomeLight

AUGUST 31, 2021

The total 203(k) loan amount can be either 110% of the home’s estimated value after repairs are done, or for the sales price of the home, plus whatever estimated repairs will cost — whichever amount is lower. This is an amount that varies by geography based on that area’s median sales price and is set every year by the FHA.

Loans 104

Loans FHA loan Pre-approval Finance 104

HomeLight

SEPTEMBER 15, 2021

Even if you’re listing your home without a Realtor’s® help, you’ll still need to gather the necessary paperwork for the sale and fill it out correctly. We hope it helps illuminate this tricky part of the sale, while giving you an honest idea of just how complex real estate transactions can be! Original sale contract.

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Purchase and sale agreement Inspection Title Pre-approval 116