Toronto Realty Blog

FEBRUARY 20, 2025

Case in point: some of these guys had never heard of the “occupancy period” that exists in the world of new condominium development. 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. Like what ? Absolutely not.

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Development Purchase and sale agreement Pre-approval MLS 79

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent. That never happens when a VA loan is involved. We do a lot of seminars,” Armstrong explained. “I

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VA loan Agents Pre-approval Debt-to-income ratio 418

Housing Wire

JUNE 20, 2024

The fourth quarter of 2023 was the seventh straight quarter of net production loss for lenders , who hemorrhaged an average of $2,109 pre-tax dollars for each loan they originated. The latest figures , out this week, show some improvement—but lenders were still in the red, this time for the eighth consecutive quarter.

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Loan Officer Pre-approval Technology Lending 447

Housing Wire

FEBRUARY 9, 2022

While the real estate industry has witnessed the introduction of a number of spectacular and innovative developments in recent years, we still (sometimes unfairly) get tagged as “old fashioned” or “conservative.” and get a pre-approval for a mortgage from the comfort of your own laptop.

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Industrial Purchase and sale agreement Pre-approval Banks 418

Propmodo

NOVEMBER 4, 2024

based developer Neighborhood Development Co. While the emergency legislation should help stem the bleeding from an issue that has worsened over the last two years, it’s too little and too late for Neighborhood Development Co. An affordable housing developer in a major city shutting down is not big news in itself.

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Finance Closing Development Pre-approval 57

Housing Wire

DECEMBER 29, 2023

With so many approved, online options to choose from, we’ve pinpointed the best online real estate courses in New York using criteria that matter most to you: flexibility to fit your schedule, a price that fits your budget, and a course that’ll prepare you to ace the exam and start your new career with confidence and industry savvy.

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Pre-approval Agents Development Technology 448

Housing Wire

FEBRUARY 11, 2022

Just before a customer buys a container of pre-made Borscht, they see Naumovych’s business cards and flyers that lay neatly near the checkout area. The pastor of the Ukrainian church is currently looking to buy a house and I’m working on his pre approval.”.

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Loan Officer Marketing Pre-approval Mortgages 418

Housing Wire

DECEMBER 7, 2023

After completing an approved course of study, you’ll be able to sit the state real estate exam. Colibri Real Estate is a state-approved real estate education provider with over 132 instructors experienced in Massachusetts real estate sales and teaching best practices.

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HR Pre-approval Brokerage Commercial 434

Housing Wire

NOVEMBER 13, 2023

In Florida, getting licensed as a real estate agent begins with the completion of an approved 63-hour Sales Associate prelicensing course. Final Exam: In order to earn your FREC Approved 63-Hour Real Estate Prelicensing Education Certificate, you need to take and pass a course final exam.

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Purchase and sale agreement MLS Pre-approval Agents 468

Housing Wire

NOVEMBER 30, 2023

A state-approved real estate school in Illinois, the CE Shop is constantly updating its course material to stay on top of industry changes. Visit Website Overview According to Net Real Estate School, it offers the lowest priced state-approved education in Illinois. What’s more, students have a higher than average pass rate of 64%.

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HR Pre-approval Design As-is 448

The Close

NOVEMBER 12, 2024

This article breaks down seven steps to help you learn how to buy land—covering everything from the pros and cons to financing and closing the sale. Check out zoning laws, future developments, and what the locals say. Owning some land is appealing since it’s usually low-maintenance and cheaper than those fancy developed properties.

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Land Investor Finance Development 98

Housing Wire

NOVEMBER 30, 2021

Chris Guidici, managing director of business development at Illinois-based TPR firm Wipro Opus Risk Solutions , said “there’s definitely been a shortage of underwriters,” adding that has resulted in a lot of flux and shifting in personnel across firms. Are we planning to double the size of the firm every two years? Probably not.

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Due diligence Mortgages Loans Residential 435

Housing Wire

FEBRUARY 8, 2022

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

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Loans Pre-approval Mortgages Principal 370

Housing Wire

APRIL 18, 2023

Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house. But there have been rough points for the lender recently, too. We still do a large percentage of manual underwrites.

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Loan Officer Loans Pre-approval Mortgages 370

Housing Wire

AUGUST 23, 2023

Following a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp , Better Home & Financing Co. According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. I’ve gone through extensive coaching and professional development,” he said.

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Debt-to-income ratio Technology Mortgages Pre-approval 370

Marco Santarelli

FEBRUARY 28, 2025

Here's my take on how this might impact buyers and sellers in San Diego: For Buyers: Be Prepared: Get pre-approved for a mortgage, have your finances in order, and be ready to make a competitive offer. This will require a collaborative effort from policymakers, developers, and community members.

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Marketing Pre-approval Land Staging 92

Marco Santarelli

JANUARY 26, 2025

Instant Pre-Approval : Many lenders now offer pre-approval processes that deliver quicker and more digital experiences compared to traditional methods. Online Calculators : Utilizing online mortgage calculators aids real estate consumers in estimating their monthly payments based on varying rates.

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Mortgages Pre-approval Fixed-rate mortgage Loans 78

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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Construction Pre-approval Purchase and sale agreement Development 97

Realty Biz

SEPTEMBER 30, 2023

Let's delve deeper into these topics to guide you towards an affordable home financing solution. They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval. For example, you can get approved for an FHA loan with very low credit scores.

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Finance Debt-to-income ratio FHA loan Mortgages 96

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. I see the failed 2007 development called “Giraffe Condos.” Some are anti-development and others are all for it. I see a leopard.

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Construction Bankruptcy Pre-approval Purchase and sale agreement 97

Redfin

MARCH 4, 2025

From finding houses to tour and what financing options you have, theres a lot to learn about buying a home in foreclosure. If the auction accepts financing, make sure you have a pre-approval ready. Department of Housing and Urban Development (HUD) website. However, you may also want to look for homes as well.

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Pre-approval FHA loan Short sale Banks 35

HomeLight

FEBRUARY 12, 2021

Department of Housing and Urban Development (HUD) created the Federal Housing Administration (FHA) loan program in 1934 to help more Americans afford houses with government insured home loans that are easier to qualify for than most conventional loans. Defective paint surfaces in homes constructed pre-1978. A leaking or worn out roof.

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FHA loan Loans Pre-approval Pre-qualification 111

The Close

SEPTEMBER 10, 2020

The motivation of this first strategy is to gain clarity on the seller’s wants and needs, and also to develop rapport with the listing agent. Make Sure You Have a Proper Approval Letter From a Reputable Lender. For most sellers, the fear of a buyer’s financing falling through and not getting to the closing table.

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Home sale contingency Pre-approval Earnest money deposit Marketing 116

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.”. Figure out the finances. Combining apartments is a complicated process.

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Pre-approval Renovation Finance Construction 94

HomeLight

JUNE 28, 2021

From bidding to buying to financing to special incentives — we’re talking all things HUD homes to help you decide if this property type fits your financials and lifestyle. Department of Housing and Urban Development , a government agency first created by President Lyndon B. Get pre-qualified with a mortgage lender. What is HUD?

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Pre-approval Pre-qualification FHA loan Inspection 105

Toronto Realty Blog

MAY 27, 2024

How many developers are starting new projects right now? Infill development sites lay empty. And when it comes to buying land , trust me, developers aren’t buying. At a cost of $1,000 per square foot to build, a developer can’t afford to buy the land and pre-sell the units at a profit.

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Land Pre-approval Construction Development 115

RIS Media

SEPTEMBER 2, 2020

. “My ex-husband and I—both Black and dressed in our military uniforms—were looking for a home in a new development where we encountered an agent who sat behind a desk and let us walk through the model that was available,” recalls Willis. At the same time, three white couples arrived.

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Industrial Pre-approval Development Equity 111

Toronto Realty Blog

FEBRUARY 16, 2022

Do you think that if and when a development enters their world, that they don’t like, that they will not reach out to city councilors? ” The idea of “pre-approved, qualified, third-party technical consultants” has me cringing. And what is the city councilor going to do? ” 16.

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Pre-approval Land lease Development Land 97

Redfin

MARCH 5, 2025

A mortgage pre-approval can give you a clearer picture of your financial standing and help you secure a deal faster. Department of Housing and Urban Development (HUD) offers resources and programs aimed at helping low-income families find housing. The 28/36 rule is a common mortgage budgeting guideline. For instance, the U.S.

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Debt-to-income ratio Backup offer Finance Pre-approval 43

HomeLight

AUGUST 31, 2021

If so, then the 203k loan may offer a way to finance your plans, but first, you’ll need to know both what this loan is and how to get a 203k loan. . The Section 203(k) Loan Program is a Federal Housing Administration (FHA) program that lets you finance both the purchase price of a home and the cost of repairs to the home with a single loan.

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Loans FHA loan Pre-approval Finance 104

Toronto Realty Blog

OCTOBER 15, 2024

In this case, we’re being told that it’s condo investors who have driven up prices and caused condominiums to shrink, and not developers, and most certainly not the free market. But are investors buying what’s being built or are developers building what investors are buying? So let’s start slow.

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Investor Marketing Pre-approval Land 103

RIS Media

APRIL 25, 2021

– Explain the importance of being pre-approved for a mortgage from the seller’s perspective. As in the previous situations, it’s a good idea to have the buyer pre-approved, if he or she needs financing, prior to beginning a search. . – Make sure buyers use common sense, rather than emotions.

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Pre-approval Closing Staging As-is 111

HomeLight

SEPTEMBER 30, 2020

You’re finally ready to purchase a home and after doing some research online, you think that exploring your options around how to buy a HUD Home might be a good fit for your lifestyle and finances. The name comes from the US Department of Housing and Urban Development (HUD). Next, explore financing options. What is a HUD home?

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Earnest money deposit FHA loan Pre-approval Finance 98

Toronto Realty Blog

JANUARY 22, 2021

Last week, when our in-house legal counsel told us about a recent ruling with respect to the developers of Museum FLTS , I said this aloud. Let’s rewind… Back in October of 2017, a pre-construction, stupidly-named “Museum FLTS,” was cancelled. Often under my breath, or often to somebody I’m talking to.

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Purchase and sale agreement Pre-approval Development Construction 70

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.

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Purchase and sale agreement Pre-approval Banks Construction 65

Kyle Handy

APRIL 8, 2023

Each aspiring agent must complete 180 classroom hours of pre-licensing education covering real estate finance, contract law, and real estate principles. Required Courses To become a real estate agent in Texas, you must complete 180 classroom hours of pre-licensing courses approved by TREC.

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Pre-qualification Pre-approval Agents Finance 82

Toronto Realty Blog

AUGUST 29, 2022

From the article: British Columbia has announced a mandatory three-day period to allow homebuyers time to arrange an inspection and take other important steps like securing financing in the province’s high-pressure real estate market. Finance Minister Selina Robinson says the consumer protection policy, effective Jan.

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Inspection Purchase and sale agreement Pre-approval Finance 98