Marco Santarelli

NOVEMBER 28, 2023

36% of homeowners and 35% of Americans overall express a desire for the market to crash , driven by various motivations such as lowering property taxes and believing it could lead to future stability. Key Findings: 44% of Americans anticipate a housing market crash , with another 31% uncertain about the future.

Marketing 104

Marketing Mortgages Lending As-is 104

Realtor.com

MARCH 19, 2021

It seems that there is a sweet spot for selling a luxury property quickly, as buyers are taking a cue from Goldilocks and seeking homes that are not too big and not too small. A lighter tax burden is another motivator for buyers moving from high-tax states like New York and California to lower-tax ones like Florida and Nevada.

Land 81

Land Development Marketing As-is 81

HomeLight

SEPTEMBER 30, 2021

When the appraisal comes in lower than your offer price, it’s either an opportunity for you to renegotiate the sales price with the seller — or it’s going to completely derail your home sale, and you’ll have to start over again. Lean on your agent’s expertise and advice when discussing each of the paths you could take.

Pre-approval 96

Pre-approval Seller concession Finance Banks 96

Redfin

NOVEMBER 29, 2022

By paying a bit more upfront, you can ensure a lower mortgage rate and keep more money in your pocket each month. A “mortgage buydown” is a financing agreement where the buyer, seller, or builder will pay mortgage points, also known as discount points, at closing to obtain a lower interest rate. A 3-2-1 buydown.

Mortgages 73

Mortgages Closing costs Loans Seller concession 73

Louisville Homes

DECEMBER 16, 2021

Buy the wrong kind of home, and it will knock a massive hole in your finances that will take you years to recover. Lower taxes: Given that the tax on a property relies on its purchase price, you will pay less in taxes when you buy a fixer-upper. The risks are lower, so you have fewer reasons to be anxious.

Renovation 52

Renovation Finance Inspection Sales 52

Kyle Handy

MAY 5, 2023

Have you ever wondered how much profit should you make on a rental property? If you have some extra cash to invest and are considering putting it into a rental property, you should first consider how much you can expect to spend versus how much you can expect to make before investing your money.

Hard money loan 92

Hard money loan Property Management Equity Closing costs 92

HomeLight

MARCH 2, 2021

However, there are ways to make buying a house more affordable even as property values skyrocket. Tenacious buyer’s agents are committed to saving their clients money and will be able to: Help you get a grip on the housing market by identifying which properties are underpriced or overvalued. Buying a house can be a lot to manage.

Inspection 109

Inspection Loans Closing costs Renovation 109

HomeLight

JULY 26, 2021

DISCLAIMER: This article is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. There are tax perks to keeping your mortgage. Using excess income to lower your mortgage principal reduces the debt balance faster than making minimum payments. Income tax status.

Equity 103

Equity Principal Mortgages Loans 103

Realtor.com

APRIL 29, 2021

While it’s understandable that mortgages aren’t a scintillating topic, falling for many of the rampant mortgage myths circulating among (well-meaning) friends and advice givers can hurt your home-buying chances, big-time. Of course, the loan will still need to go through formal underwriting when you go to purchase a property.).

Pre-qualification 122

Pre-qualification Pre-approval Mortgages Fixed-rate mortgage 122

Real Trends

DECEMBER 27, 2022

It is common to expect that the buyer will hire a home inspector to check out the property; this is to avoid inheriting unforeseen major repairs. Before a mortgage is approved, lenders will have a property appraisal. The seller would have to lower the price to save the deal. Financing fallout. Inspection issues.

Sales 60

Sales Home sale contingency Pre-approval Inspection 60

HomeLight

DECEMBER 30, 2021

Homeowners who sell their home while still holding a mortgage will pay it off with the proceeds of the sale — even if they end up taking on a new loan with the purchase of another property. Experts are, as with seemingly every topic related to personal finance, divided on their stance about early mortgage payoff.

Mortgages 90

Mortgages Principal Loans Purchase and sale agreement 90

HomeLight

SEPTEMBER 21, 2020

Complicating matters is that your spouse didn’t return from a deployment in time to help with packing, clean up, or crunching the finances. Every city has an average days on market which refers to how quickly properties go from active to under contract (i.e., how long it takes for properties to attract an offer).

VA loan 109

VA loan Purchase and sale agreement Loans Pre-approval 109

Redfin

MAY 2, 2023

For example, when comparing Colorado Springs to Denver, the cost of living in Colorado Springs is 5% lower. #4: Get your finances together Getting your finances in order is crucial when buying a home in Colorado. Another perk of Colorado Springs is its low cost of living. Learn what strategies make an attractive offer.

Pre-approval 62

Pre-approval FHA loan Loans Finance 62

HomeLight

FEBRUARY 13, 2024

Conversely, if your home requires significant repairs or updates, this could lower its market value. This can be particularly helpful if you have made significant improvements to your property or if there are few comparable sales in your area. Learn more: How to Price Your Home Right by Using House Comps 2.

Staging 92

Staging Inspection Agents Sales 92

Redfin

SEPTEMBER 27, 2021

Keep in mind that you’ll need to account for taxes, insurance, repairs and renovations, along with increased utility expenses. To determine your DTI, take your gross monthly income before taxes (not your take-home pay) and divide that by the total amount you pay in recurring monthly debt. Determine your debt to income ratio (DTI).

Debt-to-income ratio 70

Debt-to-income ratio Closing costs Loans Title 70

RIS Media

FEBRUARY 4, 2021

If you already own a home and you’re thinking about buying another to use as a vacation house or as an investment property that you can rent out, you will have to clear higher hurdles than you did when you bought your first house. Buying a second home as an investment property to rent out can create its own set of risks.

Debt-to-income ratio 53

Debt-to-income ratio Mortgages Equity Loans 53

HomeLight

SEPTEMBER 30, 2021

DISCLAIMER: This article is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. After satisfying the mortgage debt and covering additional selling costs such as commissions and taxes, you will (hopefully!) This is where you’ll be able to see: The sale price of the property.

Mortgages 103

Mortgages Debt-to-income ratio Equity Closing costs 103

HomeLight

JANUARY 3, 2023

Disclaimer : HomeLight does not provide legal advice. Real estate transfer taxes: 0.01%. A few issues to watch for with Colorado homes: Improper grading/drainage is one of the most common problems home inspectors find when they’re at a property with a basement, which many homes in Colorado have. Real estate attorney required?

Purchase and sale agreement 103

Purchase and sale agreement Inspection MLS Inspection contingency 103

HomeLight

JANUARY 10, 2023

Disclaimer : HomeLight does not provide legal advice. California is also the most heavily regulated state in the country, and real estate transactions for properties located in California tend to be more complex compared to some other states. Real estate transfer taxes? Local optional transfer tax of $0.55/$500.

Purchase and sale agreement 95

Purchase and sale agreement Natural hazards disclosure Inspection Title 95

HomeLight

APRIL 28, 2023

Disclaimer : HomeLight does not provide legal advice. The seller’s knowledge of the condition of the property must be documented in the Texas Real Estate Commissions’ Seller’s Disclosure Notice Real estate transfer taxes? What are sellers required to disclose in Texas? Finally, don’t forget about the outdoors.

Purchase and sale agreement 80

Purchase and sale agreement Inspection Title Inspection contingency 80

The Residential Specialist

APRIL 27, 2023

There are downsides, however, such as higher property taxes and higher sale prices. For many buyers, school districts are more important than a home’s location, says Rita Kula, CRS, associate broker with @Properties in Naperville, Illinois. I never tell them ‘this is where you should look.’

Agents 52

Agents Due diligence MLS Sales 52

Point2Homes

SEPTEMBER 24, 2020

While vacation home prices are generally lower than typical homes, the down payment required is normally much larger. Lenders are wary of financing a second home, and if you do need to take out a mortgage, you can expect to pay at least 25% for the down payment. Property Management Services: see below. The Down Payment Is Big.

Property Management 42

Property Management Finance Investor Mortgages 42

Toronto Realty Blog

AUGUST 11, 2021

Let me pull up a few spreadsheets from listings in the spring and look at offers and corresponding conditions… Property #1: Listing Date: March. Property #2: Listing Date: April. Property #3: Listing Date: April. Here are the top three offers: 1) $666,000, conditional on review of status certificate and financing.

Inspection 104

Inspection Finance Agents Closing 104

Housing Wire

APRIL 5, 2022

Actual” real estate is defined as property consisting of land or buildings, and everything that is permanently attached to the land. To boot, one of the first financing transactions on record was made in January 2022 by technology firm TerraZero. Note, this is not tax advice, just my opinion! Defining virtual real estate.

Mortgages 529

Mortgages Lending Land Loans 529

HomeLight

MAY 26, 2021

According to the National Association of Realtors®, only 22% of residential sales are cash sales, so it’s likely that you’re taking out a mortgage to finance your home purchase. This is a professional assessment of a property’s value, based on a thorough review of the house and property by an independent appraiser.

Inspection 98

Inspection Residential Due diligence Title search 98

HomeLight

MARCH 31, 2022

Disclaimer : HomeLight does not provide legal advice. Known issues, radon, coastal erosion, HOA, property tax history, among others. See the Florida Realtors Seller Property Disclosure Form for more details. Real estate transfer taxes? . The seller’s market continues to boom in Florida. Quick FSBO overview.

Purchase and sale agreement 95

Purchase and sale agreement Inspection Title MLS 95

HomeLight

SEPTEMBER 30, 2020

With a larger down payment, you’ll have a lower monthly payment, a potentially lower interest rate, and either a lower or no mortgage insurance payment.”. If a buyer puts a larger down payment and actually has some skin in the game, that’s a lower risk for us as lenders,” she explains. We really got lucky,” says Tarra.

Closing costs 88

Closing costs Loans Short sale Finance 88

HomeLight

MARCH 31, 2022

Disclaimer : HomeLight does not provide legal advice. The median price for properties in the Phoenix metro hit $449,900 in Feb. Arizona law requires sellers to disclose material facts about the property through the Residential Seller Disclosure. Real estate transfer taxes? $2 2022 , a 28.5% increase from the year.

Purchase and sale agreement 94

Purchase and sale agreement Inspection MLS Inspection contingency 94

HomeLight

SEPTEMBER 30, 2020

Although a lower interest rate could save you money over the long run, there are some other factors you should take into consideration before making a move. If you qualify for a better interest rate, that could mean a lower monthly payment, depending on the terms of the mortgage you choose. Lower payments. Well … maybe.

Mortgages 98

Mortgages Fixed-rate mortgage Equity Loans 98

Marco Santarelli

SEPTEMBER 6, 2020

Some passive income ideas—like investing in stocks or renting out a property—may take some work to get up and running, but they could eventually earn you money while you sleep. The best example of this is with rental properties. your rental property will need to be repainted occasionally or may need a new carpet or an HVAC.

Lending 135

Lending Loans Investor Branding 135

HomeLight

APRIL 14, 2023

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Or maybe you need to cash out an inherited property to settle an estate. The company will ask you to provide information about your house and property. Others will pay for the property upfront.

Purchase and sale agreement 90

Purchase and sale agreement Closing costs Closing Sales 90

Toronto Realty Blog

FEBRUARY 24, 2021

That person has accumulated $300,000 in cash to put down, as well as the associated land transfer tax and legal fees to close. When it came to financing, I had one objective: to purchase with the lowest down payment possible. returns are taxed). But consider the buyer of a $1,500,000 house with a 20% down payment.

Mortgages 90

Mortgages Fixed-rate mortgage Finance Equity 90

HomeLight

JANUARY 11, 2023

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Or perhaps you want a fast home sale to start a new job, or you need to cash out an inherited property to settle an estate. The company will ask you to provide information about your house and property.

Purchase and sale agreement 82

Purchase and sale agreement Closing costs Closing Sales 82

HomeLight

JULY 14, 2021

Investors are often attracted to T-bills because while the interest accrued on them is taxed at a federal level, they are exempt from state and local taxes. 401(k)s are considered a relatively safe investment, and they also offer some tax benefits. Other tips and advice from the experts. Fintech platforms.

Banks 104

Banks Debt-to-income ratio Loans FHA loan 104

The Close

AUGUST 18, 2020

If you represent the seller, you can prep by having the HOA bylaws and covenants available for buyers to review even before the property is active. Another tip is to have the buyer reserve the property inspection appointment while you are writing the offer. Price the Property to Sell. Now the pandemic has made it worse.

Inspection 102

Inspection Debt-to-income ratio Title Closing 102

HomeLight

JANUARY 27, 2021

We tapped the expertise of top Illinois real estate agent Jen Ortman , who walked us through some of her best advice for buyers. Does your would-be agent have a seemingly endless rolodex of all the best lenders, contractors, inspectors, and property managers in the area? Home financing. Source: (Seemi Samuel / Unsplash).

Closing costs 117

Closing costs Loans Inspection Earnest money deposit 117

HomeLight

FEBRUARY 28, 2023

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Or maybe you’re looking for an efficient way to sell an inherited property you never plan to use. The company will ask you to provide information about your house and property. You receive a firm offer.

Purchase and sale agreement 79

Purchase and sale agreement Closing costs Closing Sales 79