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. These are all areas where a knowledgeable buyer’s agent who’s got lots of new-build experience and local builder connections can be invaluable.

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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.”. We wanted the apartment to be our own and to reflect what we like,” she said. “We

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Pre-approval Renovation Finance Construction 94

Marco Santarelli

FEBRUARY 17, 2025

New Construction Lag: The construction industry is struggling to keep pace with the demand, as Zillows chief economist Skylar Olsen pointed out. Have your financing in order, and be ready to make a strong offer. Tips for Buyers in a Hot Market: Get Pre-Approved: Knowing exactly how much you can afford is crucial.

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Marketing Construction New Construction Pre-approval 52

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

MAY 27, 2024

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. 2) The construction of real estate has been made more difficult and more expensive, in part, because of the government. Ever heard of an Environmental Compliance Approval? So where does that leave us?

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Land Pre-approval Construction Development 115

Realty Biz

SEPTEMBER 23, 2023

Understanding the mortgage process, including prequalification and pre-approval, is also essential. Buyer agents can provide valuable support in various situations, such as buying a new home or purchasing a foreclosure. 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

HomeLight

FEBRUARY 8, 2021

Certain homes in California are subject to a Mello-Roos tax , which is a special tax that allows a district to finance a new development or make improvements to existing infrastructure. Mella-Roos taxes might fund a new school, museum, roads, parks, police station, child care center, etc.

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Pre-approval New Construction Agents Development 105

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.

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Marketing Pre-approval Construction Renovation 98

Marco Santarelli

MARCH 13, 2025

My advice is to do your research, get pre-approved for a mortgage, and work with a knowledgeable real estate agent who can guide you through the process. If new construction continues to lag behind demand, prices will likely continue to rise. However, if the economy weakens, we could see a slowdown in the housing market.

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Mortgages Pre-approval New Construction Sales 52

Toronto Realty Blog

OCTOBER 15, 2024

But to suggest that investors “dictate what gets built” is a unique way of describing how condos are planned, approved, built, financed, and taxed in this city. We don’t want developers to build only small condos, even though investors are financing condo construction, and investors want smaller/cheaper condos.

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Investor Marketing Pre-approval Land 103

Marco Santarelli

AUGUST 17, 2020

Zillow Home Loans, Zillow’s affiliated lender, provides mortgage pre-approval and financing. The site's free and premium content includes advice on creative financing and how to be a landlord. You can use their rent calculator to figure out how much you could spend on rent while keeping your finances in check.

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Purchase and sale agreement Land Investor MLS 115

HomeLight

MARCH 21, 2023

In addition, Leonard points out that builders can be incentivized to negotiate to clear new construction inventory at the end of the year, offering deals in December that are no longer available in January. Next, you’ll need to examine your finances. Get pre-approved to save time once you find the house you want.

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Agents Pre-approval Sales Closing costs 105

HomeLight

MARCH 13, 2023

New construction surge contributing to competition for buyers. Certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few, if any, contingencies. You don’t have to deal with negotiating offers, low appraisals, or the risk of a buyer’s financing falling through.

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Sales Investor House Flipping Pre-approval 95

Realty Biz

AUGUST 29, 2023

Understanding the Construction Process When embarking on the journey of building a new house, it is crucial to have a solid understanding of the construction process. Buying new construction can be exciting but quickly become a nightmare. Regularly review and update your budget as the construction progresses.

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Construction Inspection Design Land 92

HomeLight

FEBRUARY 3, 2022

A cash buyer will offer the entire amount for the house with no mortgage or other type of financing involved. 2021 data from the National Association of Realtors, issues related to the buyer’s financing were responsible for 23% of delayed settlements. With advanced planning, new construction is another option. “If

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Staging Pre-approval Agents Renovation 105

Redfin

APRIL 21, 2023

The state has seen a significant increase in new construction, with builders developing homes in both urban and suburban areas to meet the demand for housing. Get your finances together It’s important to prioritize getting your finances in order when buying a house in Florida.

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Pre-approval Closing costs Title Loans 63

Louisville Homes

SEPTEMBER 9, 2022

From looking for homes to buy to financing and more, there is a lot to learn. If you plan to get a loan, make sure that you get your pre-approval before you start looking. Even with new construction , it always pays for a buyer to have their own Realtor. A part of this plan is establishing your price range.

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Due diligence Pre-approval Inspection New Construction 52

Marco Santarelli

AUGUST 2, 2020

Let us continue to explore the housing market trends — from pre-COVID-19 days until July. New York is a fairly walkable city in Queens County with a population of approximately 8,174,290 people. The report compares year-over-year key housing metrics of the “New York City” from June 2020 with June 2019. Recently Sold .

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Marketing Sales Pre-approval As-is 142

Marco Santarelli

MAY 7, 2024

Builders may be hesitant to start new construction projects if they anticipate a decrease in demand. The Federal Reserve's website and financial news outlets are good resources. Get Pre-Approved for a Mortgage: Pre-approval clarifies your borrowing power and strengthens your offer when you find the right home.

Mortgages 52

Mortgages Pre-approval Construction New Construction 52

Marco Santarelli

AUGUST 3, 2024

How to Avoid: Get Pre-Approved for a Mortgage: A pre-approval letter from a lender showcases your financial readiness and provides you with a clear understanding of your borrowing power. However, remember that a larger down payment often means lower interest rates and monthly payments.

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Closing costs Inspection Pre-approval FHA loan 52

Redfin

JULY 10, 2023

Large upfront costs If you’re looking at your finances, it’s important to remember that buying a home costs more than just the down payment. Reach out to a few mortgage lenders to get a pre-approval so you can gain insight into your financing options and other costs you may need to consider.

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New Construction Equity Purchase and sale agreement Closing costs 59

HomeLight

NOVEMBER 21, 2022

Gila adds that FSBO sellers should list their home at fair market value , especially when competing with new construction in South Carolina that offers high incentives for buyers as well as real estate agents who provide Realtor® bonuses and buy-down interest programs or closing costs paid by sellers.

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Purchase and sale agreement MLS Pre-approval Agents 102

Marco Santarelli

AUGUST 18, 2020

Many variables could potentially impact the value of a home in Boston in 2020 (or any other market) such as big changes in the distressed, new-construction, or luxury home segments. We’ve already mentioned the height law and the challenges faced by getting anything approved even with the mayor behind it. for startups.

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Marketing Purchase and sale agreement Investor Sales 124

HomeLight

APRIL 26, 2023

A bank statement will help weed out people who are just looking around and don’t have the qualifications to purchase your house from legitimate buyers who can obtain financing. Graham says the next step is to ask for a pre-approval letter from a reputable mortgage company that you’re comfortable with. See the next step!)

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MLS Agents Sales Closing 97

Housing Wire

OCTOBER 2, 2024

Educate your buyer clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. Know the basics about each major home loan program and financing terms and options. Should they consider new construction?

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Pre-approval Inspection contingency Proof of funds Inspection 459

Dwell Real Estate

JULY 1, 2020

June 2020 15719 SEATON PLACE, BRADENTON Sold By: James Tassell | Built Price: $559,892 New Construction by Lennar/WCI Communities in Country Club East at Lakewood Ranch. 601 17TH AVE E, PALMETTO Sold By: Cathy Loeppke | Built Price: $567,640 New Construction, Correggio Model built by Lennar/ WCI Communities in Sanctuary Cove.

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Construction Renovation New Construction As-is 98

Housing Wire

FEBRUARY 14, 2025

The new round comes as Pasadena recovers from property losses sustained during the LA wildfires. The program targets new construction and converts existing unpermitted units to meet building codes. Only 80 ADUs were approved in Los Angeles in 2016, according to a California ADU reform report.

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Pre-approval Construction Finance Development 368

Housing Wire

MARCH 22, 2024

Before meeting with a mortgage lender, buyers should have a clear picture of their finances. Get pre-approved with a local lender. Yes, many buyers will hop online and get a generic pre-approval letter. Yet they’ll be unable to because they aren’t pre-approved for that amount. Communication is key.

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Agents Pre-approval Pre-qualification Inspection 459

Housing Wire

FEBRUARY 4, 2021

Get pre-approved before beginning your home search. A mortgage pre-approval is non-negotiable in this environment. When faced with multiple bids, pre-approved ones are typically stand-outs, indicating a buyer is prepared, ready to buy and a safe bet to follow through with the deal. The long and short of it?

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Earnest money deposit Pre-approval Marketing New Construction 546

Zillow Market Reports

NOVEMBER 22, 2023

In this report, we take a deeper look at new construction buyers — household decision makers that own their primary residence and moved to a new construction home they purchased in the past two years. Sampling & Weighting Results from this survey are nationally representative of new construction buyers.

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New Construction Construction Pre-approval Finance 52

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.

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Development Pre-approval Construction Land 105

Real Trends

FEBRUARY 27, 2023

New build sales reps can be a goldmine , especially in medium-priced and luxury new construction communities. This means they know who has a home to sell before they can close on the new one! New build sales reps can also tell you which homes are about to fall out of contract. Find the notice of defaults (NODs).

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Marketing MLS Pre-approval Home sale contingency 99

Toronto Realty Blog

SEPTEMBER 23, 2022

Condominium cancellations were rampant in the pre-construction industry and people were starting to get pissed. Just like UrbanCorp did in 2015 with KingsClub, developers like this are using the “sold out” label of the project, along with the deposits, to obtain construction financing. Toronto Star.

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Construction Purchase and sale agreement Industrial Development 59

Dwell Real Estate

JUNE 7, 2021

Home is able to have dock; upon community approval. Kitchen is equipped with high-end European cabinets and appliances with new Wenge (Espresso Brown) Hardwood Floors throughout. Please provide pre-approval and POF when submitting offers. This spacious, new-construction townhome has 1,972 sq. Petersburg.

Design 40

Design Branding As-is Renovation 40

Housing Wire

JUNE 5, 2024

Is there new construction in your market? Do the builders have special financing? Tour new construction models and get a feel for pricing on each product for each builder. Hold open houses yourself until you have at least three pre-approved buyers at all times. Are companies hiring or firing?

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Pre-approval New Construction Fixed-rate mortgage Loans 446