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Buying a Home With a Reverse Mortgage: HECM for Purchase

HomeLight

This unique financial tool allows you to purchase a new property using the equity in your current home without the stress of monthly mortgage payments. In this guide, we’ll explain how you can make your next move easier and more financially manageable with a Home Equity Conversion Mortgage (HECM) for Purchase.

Mortgages 115
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Home Appraiser vs. Home Inspector: What’s the Difference When Selling a Home?

HomeLight

While they typically report to people on the other side of the transaction, the appraisal and inspection report generated by these professionals can impact your bottom line. In the December 2021 survey, 19% of buyers waived the inspection contract contingency, down from its height of 27% in July 2021. Request Estimate.

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New Year, New Home? 9 Myths About Buying a New-Construction House That Actually Aren’t True

Realtor.com

“It’s true, on the average, that new homes of similar sizes historically outprice pre-owned by about 16%,” says Stephen Haines , president of Artisan Built Communities. “Depending on the age of the pre-owned homes, one should understand the remaining life expectancy of these components,” says Haines.

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

I would be happy to give you an equity analysis and let you know how much equity you have in your home. With Wise Pelican, you can try both — it’s a fantastic resource for beautifully designed postcards and letters. I’d be happy to email you a copy of their pre-approval letter.

Brokerage 449
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When borrowers ‘ghost’ their servicers

Housing Wire

Bill Bymel, managing director at Spurs Capital , an investment manager specializing in distressed mortgages, said that about 15% of the overall portfolio during the pandemic contained non-communicative borrowers, up 50% compared to the same pool of borrowers pre-COVID. Still, monthly foreclosures were half the pre-pandemic levels. “We

Loans 370
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How to Sell a House by Owner in Colorado

HomeLight

FSBO sellers in Colorado may consider getting a home inspection prior to listing their home for sale. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Get a pre-listing appraisal. Closing date. Earnest money.

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42 Steps to Homeownership: The Resourceful Buyer’s Go-To Guide

HomeLight

Are you open to doing some sweat equity in the beginning?” Painting walls and replacing floors can add instant equity to your home — but these jobs require hard work, and they’re not for the buyer who wants a flawless, move-in ready abode. They’re designed to make homeownership more accessible and affordable. Can you do updates?