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The current REO market requires an expansion of services for business growth

Housing Wire

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. Balancing supply and demand is a delicate dance between new construction and existing properties.

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Should I Waive a Home Inspection? Why Buyers Are Willing To Right Now

Realtor.com

When we finally did go under contract on this third home, we learned of another issue: Home inspectors in the area were booked for two weeks and up, but our contract stated that we had only seven days to get an inspection done. We got lucky, but it left me wondering: Is it ever OK to waive a home inspection?

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Buying a New-Construction Home: Pros and Cons All Homebuyers Should Know

Realtor.com

Getty Images While buying a newly built home may not be the first thought to come to mind for homebuyers, purchasing new construction is a common option that comes with distinct benefits in today’s market. New construction can refer to single-family homes, condos , or apartments, and are available across the U.S.

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What to Look For in New-Construction Homes: These 5 Crucial Aspects Should Be on Your Radar

Realtor.com

However, just because a house is new doesn’t mean it’s free of flaws. 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. Before you buy a new-construction home, make sure it comes with a warranty.

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66% of New Construction Buyers Express Regrets

RIS Media

In this highly competitive housing market, the persistent low inventory of existing homes has led many buyers to look to new construction as an opportunity to customize a home to their needs, without having to beat other buyers to the closing table. The result has frustrated many new construction buyers.

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

Realtor.com

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

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6 Tips for Appraising New Construction Homes

McKissock

New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. Be careful as you choose comparable sales.