Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. That isn’t a good thing, so I want to see a cool down in prices. Can this last? No, it can’t.

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Marketing Lending Short sale Equity 397

The Close

FEBRUARY 6, 2024

Even if my buyers can’t offer the whole amount, if they have a large slice of the financial pie they can put down, I encourage them to do so. The less your buyers need to finance, the less likely the deal will fall through. That’s just 2% on a $250,000 home. that same day, and she already had 40 offers— forty !

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Pre-approval Earnest money deposit Inspection Inspection contingency 75

Redfin

AUGUST 3, 2023

Check out this article to learn more about the pros and cons of living in Georgia. Rising mortgage rates have played a significant role in deterring some buyers from entering the market. What’s it like to live in Georgia? Despite this shifting demand, the median sale price has continued its steady ascent, increasing by 1.3%

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Purchase and sale agreement Pre-approval Debt-to-income ratio Loans 55

Redfin

MAY 5, 2023

Check out this article to learn more about the pros and cons of living in Texas. However, due to the recent hike in mortgage rates, the market has experienced a slight decline, with median sale prices dropping by 2.5% to $341,300 and competition slowing down. Welcome to the exciting world of homeownership in Texas.

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Purchase and sale agreement Pre-approval Seller disclosure Earnest money deposit 65

Housing Wire

NOVEMBER 16, 2020

With COVID infection rates exploding and hospitalization rates rising as we go into the cold winter months, the risk this poses to our recovering housing market is a question that should be addressed. In a previous article, I identified infection rates during the winter months as one of the economy’s high-risk variables.

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Marketing As-is Closing Mortgages 545

Marco Santarelli

SEPTEMBER 6, 2020

But we can filter these down to some easy passive income ideas and strategies that work. Passive income is money that is usually (but not always) received regularly without any or only little effort. There are thousands of best passive income ideas you can come across on the internet for earning monthly residual income.

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Lending Loans Investor Branding 135

Toronto Realty Blog

SEPTEMBER 7, 2023

On Tuesday, we looked at the first four “Burning Questions” for the fall market, and inventory was one of them. Guess which article came through my news feed for a second time last week? This one: “Barrie Area Woman Watches Mortgage Payments Go From $2,850 To $6,200, Forced To Sell” Ugh. True story.

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Marketing Land Development Banks 80

Marco Santarelli

JANUARY 2, 2021

The biggest differences between rich and poor people can be traced back to mindset, outlook, and behavior. Bill Gates has been quoted as saying, “If we weren't still hiring great people and pushing ahead at full speed, it would be easy to fall behind and become some mediocre company.”. It is not a matter of luck, birth, or connections.

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Kyle Handy

JANUARY 2, 2023

Consult with your CPA before filing your taxes and using any advice in this article. When you are W2, tax season represents a mini-bonus where you receive back overpaid taxes from the previous year. Reach out to your existing network 2. Partner with other professionals 9. Alright, so taxes. Attend local events 5.

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Agents As-is Finance Inspection 105

Point2Homes

NOVEMBER 16, 2022

Aggressive rate hikes (after the latest increase, the average mortgage rate hovers around 7%), coupled with sky-high home prices mean buyers are bleeding money. is 132 square feet, a simple calculation reveals that those losses represent the equivalent of 1 to nearly 9 bedrooms.

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Fixed-rate mortgage Mortgages Sales As-is 80

HomeLight

AUGUST 17, 2022

Though mortgage interest rates have taken a recent dip amid recession concerns, it’s no secret that these numbers have been climbing since the historic lows we saw in 2020 and 2021. But why are mortgage rates going up? What determines mortgage interest rates? They slash interest rates.”.

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Mortgages Rent back Fixed-rate mortgage Banks 83

Notorious ROB

JUNE 12, 2022

In part 2 , we covered the insane money printing that has devalued the dollar, and stuck the Fed into a corner with no options. Mortgage companies are laying off thousands as the higher rates are killing the refi business, and the general slowdown in the economy means demand is sharply lower. On a Black Horse: Recession.

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Investor Banks Bankruptcy Equity 86

The Close

AUGUST 8, 2023

These are all of the questions that go through the mind of anyone who has hired or is looking to hire for the ISA position. I can certainly claim “guilty” to all the above situations. Seems easy enough, right? Just call all these numbers and get me appointments! However, it really is not that easy. What Is an ISA for Real Estate?

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As-is Agents Industrial Design 52

HomeLight

SEPTEMBER 8, 2020

In this article, we’ll take a look at what to know about buying a house as a first-time homebuyer as well as give tips for how to avoid buyer’s remorse. There are a lot of costs you have to worry about, such as the down payment , closing costs , your monthly mortgage amount , and more. Source: (Caio / Pexels).

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Closing costs Inspection Debt-to-income ratio Title 91

Marco Santarelli

AUGUST 5, 2020

In fact, in just the second quarter alone, the housing demand went from being down 41% to up 40% year-over-year. That's a quick and huge bounce back even seen before in the housing market. Low mortgage rates, population growth, and an increase in buyer interest are further driving the demand for available housing.

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Marketing Fixed-rate mortgage Sales Mortgages 145

HomeLight

MARCH 4, 2021

After all, you have to live somewhere, and owning a home means putting money back into your own pocket — instead of a landlord’s — with each monthly mortgage payment. While some of the investment types we’re about to get into can fall under more than one category, we’re focusing here on residential real estate investing.

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The Close

SEPTEMBER 1, 2020

There is no set commission, but typically, that rate is about 3% for a buyer’s agent and 3% for a seller’s agent. How much you will make depends on a number of factors, but we’ve built a handy calculator into this article for you to use to figure out exactly what you can expect from your efforts as a part-time real estate agent.

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Agents MLS Brokerage Branding 124

Housing Wire

MAY 30, 2023

In this article I’ll explain why this is happening and why we still have a savagely unhealthy housing market. 9, 2022, was an inflection point in housing. The NAR total active listings data is between 2 million and 2.5 This is also why we created the weekly Housing Market Tracker article. From FHFA : U.S.

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Mortgages Sales Marketing As-is 471

Marco Santarelli

NOVEMBER 10, 2020

The Boise housing market is a scorcher and is being fueled by low mortgage rates and limited supply compared to demand. It has affected everything from buyer demand to housing supply to mortgage rates, which together have helped drive up home prices across all price points. month supply (down 0.56). A supply of 0.4

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Toronto Realty Blog

JANUARY 18, 2023

5 months owner occupied plus 2 months vacant plus 5 months being renovated, would still be classified as a vacant dwelling and require a tax payment since no single use lasts the minimum six months). Failure to file on time generates fine of $250, while a false declaration could lead to a penalty of up to $10,000 plus back taxes.

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Purchase and sale agreement Residential Land Renovation 98

Toronto Realty Blog

JUNE 28, 2021

Once upon a time, I wrote back to everybody. I also ran 14 KM mid-day which was really, really dumb, considering the heat, and by the time I sat down to write Monday’s blog (currently 8:45pm on Sunday night), I had zero energy. I enjoy hearing from people, I really do. Absolutely everybody, no matter what. Ah, sure, why not?

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Investor Development Residential Finance 105

Marco Santarelli

AUGUST 21, 2020

After getting hammered by the pandemic, the Miami and South Florida housing market bounced back in July. The trend for median days on market in Miami, FL has gone down since last month, and slightly up since last year. Out of five counties, only two of them saw a year-over-year decline in sales. Lucie (20.5%). Typically 6.5

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Marketing Investor Sales As-is 127

HomeLight

MARCH 30, 2022

Selling a house is rarely easy — but it certainly helps if you’re physically nearby to coordinate repairs, approve paint colors, or pop by during your lunch break to check on things. People selling a home from out of state don’t have that luxury. However, they can get the job done in essentially one of two ways. What's Your Out-of-State Home Worth?

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HomeLight

SEPTEMBER 15, 2021

DISCLAIMER: This article is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. While large renovations and selling expenses can help to reduce your capital gains taxes, property taxes and mortgage interest can be used to offset your federal income taxes. Let’s review!

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Closing costs Staging Sales Mortgages 109

Marco Santarelli

APRIL 30, 2021

Down” markets may actually be the rifest with opportunity. However, the possibility of losing it all is always lurking in the back of investors' minds because, as with any investment, there is risk involved. After all, manufacturing more land is impossible. This certainly has something to do with the economy.

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Investor Residential Finance As-is 112

Marco Santarelli

JULY 27, 2020

This article has been updated to reflect recent changes in the housing market of Sacramento due to the coronavirus pandemic. The rise and fall of Detroit and the current decline of other rust belt cities are testaments to this. Data from the Sacrealtor.org shows that April closed with 1,013 sales, down 13.4%

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Marketing Investor Land Sales 125

Marco Santarelli

SEPTEMBER 7, 2020

After a big slump in real estate sales and activity during April, May, and June, home sales have bounced back in the Metro Orlando housing market. We’ll be discussing the latest Orlando real estate market trends & statistics to find out how they can affect the investors and homebuyers in the next six to twelve months. from June 2020.

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Norada Real Estate

MARCH 3, 2021

Furthermore, you could lose commercial tenants whose bankruptcy costs you months of back rent. It may go down in value and see more skipped payments than before, but it won’t go down in value or cash flow as much as an empty strip mall. Benefits of Residential Real Estate Investment.

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Commercial Residential Investor As-is 73

Marco Santarelli

SEPTEMBER 21, 2020

Inventory is low, prices are rising, and pent-up demand alongside low mortgage rates has the market flooded with homebuyers. However, nearly 29 percent of those surveyed said they believe San Diego home values will fall in 2020. Home prices are rising across the Southern California housing market despite the pandemic.

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Marketing Construction Investor Sales 138

Lab Coat Agents

OCTOBER 14, 2021

One of the perks of being your Follow Up Boss Correspondent, is that I have the privilege of soaking up the latest tips & tools being shared by the industry’s finest and bringing back snippets of that wisdom & knowledge back home to all of you! Pretty cool, right?!). Day #1 was focused on the Secrets of Successful Agents.

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Branding Agents As-is Closing 52

Housing Wire

MARCH 22, 2024

The instructions were simple: write down five must-have items in your new home and five things you absolutely do not want. Before meeting with a mortgage lender, buyers should have a clear picture of their finances. I’d recommend reviewing it with them at your initial buyer consultation meeting. I gave them a piece of paper and a pen.

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Agents Pre-approval Pre-qualification Inspection 410

The Close

JUNE 24, 2022

Here are 17 great charts that can help you understand the market as it is now and what might be lurking down the road. Due to escalating home prices and mortgage rates, buyers have postponed their homeownership dreams and stepped out of the market for now. The real estate market is, well, unpredictable. months in June.

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Marketing Equity Renovation Mortgages 111

Point2Homes

DECEMBER 14, 2022

A Tale of 2 Markets: Amid Price Drops, Condos Hold Up Better Than Single Family Homes - Point2 News. But, what goes up must come down: Now, single family home prices that shot into the stratosphere are currently undergoing a dramatic price correction. Compared to their spring price peak, condo prices only contracted by 4.4%.

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The Close

MARCH 15, 2022

That’s why I decided to write this article explaining what a real estate bubble is, if we’re in one now, and most importantly, if or when I think the bubble might pop. However, unlike in 2008, this time it’s not from unqualified buyers who are buying property with subprime mortgages. Source: www.sparkrental.com). It gets worse.

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Toronto Realty Blog

JANUARY 8, 2021

This isn’t exactly my area of expertise, so I’m going to ask my mortgage broker, Tony Della Sciucca, to handle this. And what can we expect for 2021 when it comes to mortgage lending? On June 4 th , 2020, CMHC was first to react by tightening mortgage rules in response to COVID-19. TorontoRealtyBlog.

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Equity Mortgages Lending Banks 95