Toronto Realty Blog

MARCH 24, 2025

TorontoRealtyBlog The definition of “qualification” is highly subjective, is it not? In theory, a pre-determined set of criteria would exist, and if the individual meets this criteria, then he or she “qualifies.” the enforcement of the Landlord & Tenant Act Qualification of tenants. You decide.

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Pre-qualification Pre-approval Agents As-is 103

Marco Santarelli

MARCH 23, 2025

Pre-approval: Before looking at homes, you should get pre-approved for a mortgage. Getting pre-approved generally involves a credit check and providing financial documentation, such as income statements and tax returns. This step gives you a clearer idea of how much you can borrow based on your financial situation.

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Mortgages Fixed-rate mortgage Pre-approval Pre-qualification 52

HomeLight

SEPTEMBER 15, 2022

Experienced investors and developers are often present at these trade-offs, making it easier to deal with problem properties,” he says. Step 4: Determine the qualification process for bidders. Your home will be visible to pre-qualified, serious buyers. These investors often hold a property for 10 years or more.

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Pre-qualification Pre-approval Investor Sales 110

The Close

APRIL 3, 2025

Although the best fix and flip loans will vary based on the specifics of your business, Ive picked out six with high LTC (loan-to-cost) ratios, flexible terms, and fitting for investors of all backgrounds and experience levels. Ultimately, Lima One Capital is the most versatile loan program for home flippers.

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Loans Hard money loan Investor Finance 40

Lighter Side of Real Estate

JANUARY 24, 2024

Unless you come into a windfall of money, most people need to get a mortgage in order to buy a home, so getting a mortgage pre-approval to find out how much a lender will allow you to spend is the first step. The process can be both exciting and perhaps a bit intimidating for some people. But it isn’t quite that simple.

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Pre-approval Debt-to-income ratio Pre-qualification Mortgages 122

Toronto Realty Blog

MARCH 28, 2024

Those who know me – at least, through TRB, are fully aware of my thoughts on pre-construction condos, the pre-construction condo industry, and the way that pre-construction condos are sold and eventually built. Your “Buying Pre-Construction Condos and CAKE! Time flies when you’re having fun, right?

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Pre-qualification Marketing Construction Development 98

HomeLight

AUGUST 16, 2021

“One of the best lessons I have learned over the years from other investors is that you don’t find deals, you make them,” explains Mark Motes, a real estate investor at Mark Buys Houses , who buys fixer-upper properties in the Birmingham, Alabama, market with a team of local experts. There is never a perfect investment situation.

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Banks Pre-qualification Investor Short sale 105

HomeLight

JUNE 28, 2021

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. Get pre-qualified with a mortgage lender. Fed up with investors buying you out on your home search?

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Pre-approval Pre-qualification FHA loan Inspection 105

Realty Biz

FEBRUARY 16, 2024

Buyers, investors, sellers, and the go-between, real estate agents, brokers, appraisers, etc., You need to finish a state-approved pre-licensing real estate course. Complete a pre-licensing education (varies from state to state but usually lasts around 135 hours) and pass a state licensing exam. Now comes the real challenge!

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Lab Coat Agents

NOVEMBER 20, 2024

The buyer must also meet qualifications for demonstrated creditworthiness. And most VA loans can be assumed by investors, second home buyers, and buyers who intend to occupy the home as a primary residence. VA loans provide a significant benefit, as they can be assumed by anyone, not just military personnel or veterans.

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Purchase and sale agreement Mortgages Pre-approval VA loan 98

HomeLight

JULY 30, 2021

The seller can determine the terms of the option, which may or may not include a pre-set purchase price for the home. A mortgage lender will still want buyers to meet all the standard qualification requirements, including adequate credit, employment, and debt-to-income ratio. Lease-purchase agreements.

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Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

HomeLight

DECEMBER 15, 2021

All publicly listed properties can be found on the MLS, from single-family homes and condos to foreclosures or pre-foreclosures. Investors with tenants. Investors who have tenants in place often don’t want the property on the open market,” says Maraghy. What about foreclosures and pre-foreclosures?

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MLS Pre-qualification Purchase and sale agreement Agents 98

HomeLight

AUGUST 31, 2021

submit your purchase offer with a pre-qualification or preapproval letter from a lender, these funds aren’t a sure thing until the loan is fully approved. Make sure you’re already preapproved for your loan (or go through pre-underwriting, if possible) so waiting for that isn’t a factor. Though you can (and should!)

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Due diligence Inspection Pre-approval Pre-qualification 106

Realty Biz

OCTOBER 10, 2023

Advanced career options include becoming a real estate broker , consultant, investor, or holding executive positions. Consultant: Providing Expert Advice and Guidance You can work independently or with a consulting firm as a consultant, providing expert advice and guidance to real estate developers and investors.

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Development Pre-qualification Industrial Technology 89

HomeLight

JANUARY 4, 2022

It wasn’t long ago that the decision to sell your house for cash was associated with a neglected or foreclosed property whose value had plummeted, as an investor swooped in to snatch it up for a bargain. Buy-and-hold investors. Who’s paying cash for houses? Here are some of the most common sources of cash offers in 2022.

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The Close

APRIL 24, 2023

Work with real estate investors to help them market and lease their properties, collect the rents, and occasionally make repairs… How hard can it be? Besides, some may even pay you to show properties or conduct pre-leasing and exit walk-throughs. From the outside looking in, property management looks easy.

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Property Management Pre-qualification Banks Investor 92

AAOA

JANUARY 16, 2025

Christina Real Estate Investors 4. Now in effect, the law limits rent increases to no more than 10% above pre-emergency levels after an emergency is declared. Im calling on other California landlords to commit to doing the same and to pledge against price gouging as our community heals. Benedict Canyon Equities 2. Cityview 5.

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Industrial Pre-qualification Commercial Property Management 52

HomeLight

APRIL 30, 2022

Investor portals. The site provides “investor-grade valuation” data to assess your home’s market worth and can connect you with real estate agents. Mortgage websites and apps can help strengthen a buyer’s offer by preapproving them for a mortgage, as opposed to a pre-qualification. Auction.com. Mortgage portals.

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Closing MLS Pre-qualification Technology 105

Realty Biz

JANUARY 12, 2021

It also requires qualifying for a bank loan based on passing a set of rigid qualification standards. It means proving you are pre-qualified for a loan before you know what house you might buy. The investor can even make several offers on the same property at the same time to learn what will work best for the seller.

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Purchase and sale agreement Pre-qualification Pre-approval MLS 67

Marco Santarelli

SEPTEMBER 30, 2023

Get pre-approved for a mortgage before you start shopping for a home. Rates were under 4% as recently as last March, peaked above 7% in November and then settled at just over 6% in the early weeks of 2023, all according to mortgage investor Freddie Mac. Make a larger down payment.

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FHA loan Mortgages Debt-to-income ratio Loans 105

Marco Santarelli

OCTOBER 11, 2023

Get pre-approved for a mortgage before embarking on your home search. This will demonstrate to sellers your serious intent and financial qualification to purchase. Potential for Appreciation Property appreciation is a major attraction for investors. Investing in properties catering to this sector can be financially rewarding.

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Marketing Pre-qualification Pre-approval Investor 52

McKissock Real Estate

JUNE 3, 2024

Complete your state’s real estate pre-licensing course. During your pre-licensing courses, you’ll learn about state and national laws regarding real estate transactions, rules, and best practices for being a real estate agent. Get to know other agents, potential clients, investors, and industry professionals in your targeted area.

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Commercial Pre-qualification Residential Brokerage 40

Toronto Realty Blog

APRIL 16, 2021

If the stress-test qualification goes up to 5.75%, they would not be able to make the payments of $2,860.41. Pre-pandemic, she was out four nights per week, taking in all of Toronto’s best restaurants, bars, and nightlife, most of which she shared on her Instagram account, all of which garnered serious “likes.”

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Pre-qualification Development As-is Marketing 72

HomeLight

JULY 18, 2022

We also have 14 communities in Massachusetts that allow a residential tax exemption to encourage people that are, like, residents living there instead of investors. Then my lender will do a whole section on financing, pre-approval. What is a pre-approval versus just getting like a pre-qualification?

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Agents Pre-approval Pre-qualification Closing 111

Toronto Realty Blog

DECEMBER 14, 2022

Not as an investor, or a capitalist, or a home-owner. June 17th, 2022, I wrote: “The Friday Rant: Punishing Good Deeds” This was a blog post about an investor who went out of his way to help his tenant, only to have the tenant completely screw him over. There’s no qualification to be a landlord.

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Development As-is Purchase and sale agreement Marketing 105

Patch of Land

NOVEMBER 1, 2017

Prices in 27 states as of this past March had surpassed peaks reached prior to the housing crisis, and 10 states were within 5 percent of their pre-crisis peaks. Originators should learn what’s available because there are differences in qualifications and pricing among products. percent) and strong growth in Utah (9.9

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Boom Town

OCTOBER 1, 2018

We recommend diversifying your marketing for the same reason Wall Street investors diversify their stock portfolios. Qualification questions are also an option, so you can get some qualifying information from your leads right out of the gate. ” “Are you pre-approved for a loan?” ” etc.

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Pre-qualification Pre-approval Technology Closing 40

Real Trends

JUNE 9, 2023

Purchases by investors have dropped by nearly 50% year over year in 2023, according to Redfin. You have tons of buyers who say they want to buy, and ask to see homes but haven’t gotten pre-approved yet. There’s only one solution and that is to use buyer and seller pre-qualification scripts.

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Toronto Realty Blog

SEPTEMBER 16, 2024

I’ve written many times about lease agents who want some sort of “pre-approval” before they bother viewing the condo. It’s not my job to “pre-approve” tenants for three reasons: 1) I’m the agent, not the owner/landlord. It’s their decision. Now, that’s their problem, right?

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Pre-approval Pre-qualification Marketing Agents 111

The Close

DECEMBER 29, 2022

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. If you want to work with real estate investor clients, read our own Sean Moudry’s simple, yet thorough run down: “ How to Explain 1031 Exchange Rules to Your Clients.” Pre-approval. Related Article.

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Purchase and sale agreement Title Pre-approval Proof of funds 98

The Close

JULY 25, 2024

Are they a first-time home buyer, a buyer purchasing a second home for vacations, or an investor? Sample pre approval letter (Source: HomeBridge ) Common types of financing include the following: Federal Housing Administration (FHA) Veterans Affairs (VA) United States Department of Agriculture (USDA) Conventional Cash 5.

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Earnest money deposit Agents Inspection Finance 98

Toronto Realty Blog

MARCH 25, 2022

The group also wants first-time homebuyers to have access to mortgage terms of up to 30 years for insured mortgages and recommended making mortgage qualification stress tests consistent for both insured and uninsured mortgages, setting the stress test level to two percentage points above the contract rate. “To March 24, 2022. Foreign buyers.

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Purchase and sale agreement Construction Pre-approval Development 104