loanDepot eyes purchase business in the South with new mortgage JV
Housing Wire
NOVEMBER 4, 2024
loanDepot has signed a new joint venture agreement with Smith Douglas Homes , a top-50 homebuilder with a solid book of business in the Southern states.
Homebuilders growing very concerned about affordability
Housing Wire
OCTOBER 18, 2021
The report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes. This will spur more construction and help ease upward pressure on home prices.”.
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Once at the fringes of housing finance, home equity investment companies look to grow their stake
Housing Wire
APRIL 1, 2024
In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. Rated securitizations of home equity agreements and home equity investments is also adding optimism about further expansion as they signal that institutional investors are warming up to the asset class, sources told HousingWire.
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Reviewing a builder’s Agreement of Purchase and Sale
REM Online
AUGUST 9, 2021
The original post can be found at the following URL: Reviewing a builder’s Agreement of Purchase and Sale. As a lawyer, when advising buyers of pre-construction homes or condominium units during the 10-day cooling-off period after signing an agreement, I always start off the consultation by saying the same thing.
Why the US MLS system is the envy of other countries
Housing Wire
JULY 26, 2021
They also recently closed on their purchase of a new home. In the process, they had to rent a home for four months between their sale and their purchase given “simultaneous closings” are not a practice there. And they paid a 1% fee to their solicitor for their purchase. All in all, my parents paid 4.5% experience.
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Can 3-D printed homes help solve the housing crisis?
Housing Wire
APRIL 21, 2022
A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. This means that the doors, windows, electrical all are done by contractors after the walls have been constructed.”.
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Can Your Condo Developer Stop You From Leasing Your Unit?
Toronto Realty Blog
FEBRUARY 20, 2025
80%), one of the major banks will finance the project and give the go-ahead to begin construction. But practically, she had paid about $1,700 per square foot for the condo in pre-construction several years ago, and the condo wasn’t worth anywhere near that today. Well, the building is still an active construction site!
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What to Look For in New-Construction Homes: These 5 Crucial Aspects Should Be on Your Radar
Realtor.com
OCTOBER 15, 2020
fstop123/Getty Images Few things are as exciting as purchasing a newly constructed home. There are a lot of factors that could make a brand-new home a less than ideal purchase. So, before closing on a new-construction home, here are some things you need to consider. The builder’s reputation.
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How Are Pre-Construction Sales This Fall?
Toronto Realty Blog
NOVEMBER 29, 2023
What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? Maybe you can come up with a better analogy for me?
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How to Sell Your Home With a Rent-Back Agreement
HomeLight
AUGUST 4, 2022
You have options, such as a rent-back agreement, aka, a lease-back deal, that would allow you to stay in the home you just sold a bit longer to give you time to find a new place, to wait for the next home to be built , or to let your children finish the school year. What is a rent-back agreement?
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Stop and Ask These 23 Questions When Buying New Home Construction
HomeLight
SEPTEMBER 30, 2022
A new construction home — yours from the ground up, with no prior owners — sparkles with possibility. Here, we’ve enlisted the expert advice of top agents, industry insiders, and recent homebuyers to address key questions to ask when buying a new construction home. Should I hire an agent for new construction?
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Cleaning Up The Pre-Construction Condo Industry!
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. The same thing from David about pre-construction, over-and-over; he’s been saying this for years. I have no doubt about that.
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What Causes Pre- Construction Condo Delays?
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.” Blog reader Densha asked about pre-construction condo delays and it’s a good topic.
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4 Essential Steps for Winning With Buyers and Builders
RIS Media
MAY 30, 2021
New home construction is an appealing option for many buyers, particularly those who have grown tired of being outbid in multiple offer situations. It is easy to be lured by their friendly sales reps and attractive model homes, but who will be looking out for their interests after the contract is signed? To learn more, visit REBAC.net.
Ready to Sign the Purchase Offer for Your House? Here’s How to Read the Fine Print
HomeLight
AUGUST 11, 2023
Now that you have a purchase offer in hand, you’re in the home stretch, so to speak, of selling your house — but don’t sign the paperwork or pop the champagne just yet. Find a top real estate agent near you We analyze millions of home sales to find real estate agents that sell homes faster and for more money.
Starting from Scratch: What to Do When Your Real Estate Listing Agreement Expires
HomeLight
MAY 27, 2021
When you signed the listing contract to put your house on the market, you had high hopes for a quick sale. And now you’ve realized that even the listing agreement with your agent has expired. We’ll fill you in on what obligation (if any) you have to your agent and what your options are to complete the sale.
What Causes Pre-Construction Condo Cancellations?
Toronto Realty Blog
MARCH 1, 2023
Remember, developers can start pre-sales before they have a final design or approval, and of course, they can always change the design. So why not start taking deposits on an empty site when you don’t even have an agreement with the city on what to build? We talked a lot about sales on Monday as a reason for delays.
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Existing home sales rise in June as inventory improves
Realty Biz
JULY 23, 2021
Existing home sales rose by 1.4% million units, following four months of declining sales. The sales numbers are based on transactions closed in the month, so they could be contracts signed in April or May, the National Association of Realtors reported. Sales are still up massively on an annual basis. month supply.
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Who’s Buying Assignment Sales In This Market?
Toronto Realty Blog
AUGUST 12, 2022
“When did you purchase the assignment?” ” I don’t know what would be worse: wanting to assign a pre-construction condo that you purchased two days ago, or wanting to sell a pre-construction condo that you bought in February at the market peak. “I think it was the second or third week of February.”
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Why You Still Need an Agent to Buy a New House
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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What’s the Catch with Rent to Own Homes? 7 Reasons to Beware of These Deals
HomeLight
AUGUST 31, 2021
But what if a portion of your rent were going toward purchasing your rental home at a later date? Rent-to-own basics: Crediting rent toward a future purchase. A rent-to-own deal means you can start paying toward a home purchase even if you can’t technically qualify for a mortgage yet. Source: ( Shopify Partners / Burst ).
Can You Buy a FSBO Home With a Real Estate Agent?
Realtor.com
JUNE 18, 2021
Short for “for sale by owner,” these are properties that homeowners are selling on their own, typically to save money that traditionally goes toward a real estate agent’s commission. If, however, you’ve already signed a buyer’s agent agreement , that’s a different story. How to buy a FSBO property with a real estate agent.
Tips for Negotiating After the House Inspection
Realty Biz
JANUARY 7, 2021
Buyers and sellers often think the negotiations are complete as soon as both parties sign the purchase agreement. The inspector’s role is to make the buyer aware of any problems that may not have been known previously so the buyer can make an informed purchase decision. Risks of Waiving a Home Inspection. Negotiate a new price.
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Cleaning Up The Pre-Construction Condo Industry! (Pt3)
Toronto Realty Blog
SEPTEMBER 23, 2022
Condominium cancellations were rampant in the pre-construction industry and people were starting to get pissed. I am concerned about the people who had purchased a condo here in Vaughan where they could grow and build their lives in our community. When we left off on Wednesday, I think we were somewhere around 2018.
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Find Cash Home Buyers in Los Angeles for a Fast, Simple Sale
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.
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7 Ways a Rent-to-Own Contract Differs From a Regular Rental Lease
HomeLight
MAY 28, 2021
With a rent-to-own contract, you typically lease a home for a specified period with an option to purchase when the lease is up. Unlike a standard lease for a rental house, the rent-to-own agreement generally includes two parts, a rental lease and an option-to-purchase agreement. Length of rental agreement.
Pros and Cons of Mobile Homes Rent to Own
HomeLight
FEBRUARY 29, 2024
Department of Housing and Urban Development ( HUD ) draws a clear line: any factory-built home made before June 15, 1976 , is classified as a mobile home, while those constructed after this date are considered manufactured homes. The rental period in a rent-to-own agreement can vary, but a typical time period is three years.
6 Critical Questions to Ask When Buying Land
Realty Biz
JUNE 15, 2022
Things to Find Out Before Purchasing Land. Performing due diligence is vital when purchasing a home. However, it is important to ask questions and get advice before making a purchase. These are the questions that you should either ask a Realtor or a land owner before making a purchase. Is The Land Buildable?
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What Is A Flat Fee MLS Listing Service and Will it Hurt My Home Sale?
HomeLight
MARCH 18, 2022
Before you go the For Sale By Owner (FSBO) route, consider what real estate expert Joe Bourland says about being your own agent. Typically, when you hire a traditional real estate agent, they’ll have access to a multiple listing service (MLS) where they post your home for sale. Control of all aspects of the sale from start to finish.
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Does A Buyer Have The Unilateral Right To A “Final Inspection?”
Toronto Realty Blog
FEBRUARY 13, 2025
I don’t want to play favourites, but Michael and Cindy’s purchase was one of my favourite from 2024 because they secured such an incredible deal on the home. You know those houses that are listed for sale five times, by three agents, over fourteen months? They bought one of those. That was that.
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What Legal Documents Will You Need for Buying a House? Here’s Your List
HomeLight
DECEMBER 30, 2021
Your agreement with a buyer’s agent may be one of the first legal documents you’ll encounter when buying a home. Dobbs works in Illinois, where buyer representation agreements are not common. This is why it’s so important to have a thorough home inspection conducted during the due diligence period of your purchase agreement.
The Key Paperwork You Need to Sell a House, With or Without a Realtor
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.
Market Map: 240 Real Estate Technology Companies Transforming Today’s Housing Market
GeekEstate
OCTOBER 29, 2021
are up 16% year-over-year, interest rates remain near historic lows and housing construction starts are up meaningfully for the first time in more than a decade (for more detail on this, see my recent housing market update ). This market map real estate technology companies operating across every phase of the home purchase value chain.
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Property Encroachment: What It Means to Home Sellers
HomeLight
MAY 31, 2024
Get Assistance Selling a House With an Encroachment A property encroachment can complicate a home sale, but it doesn’t have to derail it entirely. If left unaddressed, encroachment can lead to disputes between neighbors, legal issues, lower property values, and reduced sale prices. How Much Is Your Home Worth Now?
What Is a Counter Offer in Real Estate? A Guide for Agents
The Close
SEPTEMBER 19, 2024
These negotiation strategies are vital elements of real estate transactions and often determine the success or failure of a property sale. By mastering these techniques and learning from real estate counteroffer examples, agents can ensure that buyers and sellers achieve mutually beneficial agreements.
Should You Interact With The Buyers Before Your Sale Closes?
Toronto Realty Blog
AUGUST 2, 2023
The note for the 2017 sale was longer and a bit mushier, as I disclosed that I had proposed to my wife in the condo, and that we brought our first child home to the condo, and that we wished the new buyers all the love and happiness in the world as they created new memories and experiences of their own in the condo.
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Can a Home Buyer Terminate on Closing Day?
Hank Miller Team
NOVEMBER 8, 2021
Substantially the Same The GA Association of Realtors (GAR) contract stipulates that the property will be in substantially the same condition as it was on binding agreement date. The seller’s disclosure can indicate issues that may or may not be present on binding agreement day but may be present on closing day.
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1031 Exchange Rules For Investors: How To Do A 1031 Exchange In 2020?
Marco Santarelli
AUGUST 28, 2020
But with a 1031 exchange , you get to defer paying those taxes if you reinvest the proceeds in a new property, making an “exchange” rather than a sale. A simple definition of 1031 exchange properties is the property being sold and the property being purchased in accordance with Section 1031 of the tax code.
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What Must Be Disclosed When Selling a House in Georgia?
HomeLight
OCTOBER 17, 2022
Deliberately omitting facts, lying, or attempting to conceal pertinent information can open sellers up to potential litigation if the buyer purchases the home and later finds out the truth. Before entering into a purchase agreement, the seller must inform the buyer of any known lead-based paint hazards in the home.
How To Invest In Real Estate With Little Or No Money?
Marco Santarelli
JUNE 25, 2021
Purchase Money Mortgage/Seller Financing. However, with a purchase money mortgage, the seller extends finances to the buyer. The excess rental fee will then be channeled towards the purchase price. With this type of agreement, the investor is able to purchase an investment real estate using a slightly higher rental fee.
How to Conduct a Smooth Real Estate Transaction
McKissock
JULY 26, 2022
Purchasing property, especially a home, can be a very emotional experience. Constructing a real estate offer is an art. In order to reach an acceptable agreement with the most favorable terms, make sure your buyers are aware of the market and the most important factors when constructing an offer. Making an offer.
Contingent vs. Pending: Real Estate Lingo Explained
RIS Media
MAY 19, 2021
” What do they mean and how will they affect your home sale? Despite this, there can still be room to negotiate the conditions of the sale. Not all sales will have contingencies with them, but most will. The majority of homebuyers use a mortgage to finance their purchases. Home Sale Contingencies.
Late-July Home Sale Prices Up 11%, Largest Annual Increase Since 2014
Redfin
AUGUST 3, 2020
Key takeaways for the 4-week period ending July 26: Pending home sales were up 12% year over year, an increase from the 7% year over year gains we reported for the period ending July 12. 30-year mortgage rates have hovered around 3% for three weeks , and mortgage purchase applications were up 21% from a year earlier.
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What Should You Consider Before Buying a House As-Is?
Redfin
MARCH 4, 2025
Mold or mildew problems Presence of asbestos or other harmful materials As a result, agreeing to purchase a property as-is is a serious decision for any buyer. While technically not adhering to the legal definition of as-is, this is permissible as long as the parties are in agreement. What does as-is, where-is mean in a listing?
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