Realtor.com

JANUARY 2, 2023

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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Realty Biz

APRIL 12, 2023

Buying a new construction home involves a different process than buying an existing home, and some people wonder if they need a real estate agent at all to buy one. While you technically do not need a realtor to represent you when you buy a new construction home, there are a few reasons it would be in your best interest to do so.

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Norada Real Estate

JANUARY 27, 2023

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. New construction properties are those that are purchased directly from the builder or developer who constructed the property. In short, they are considered brand new.

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The Residential Specialist

FEBRUARY 27, 2024

New home construction can be a profitable niche for real estate professionals who are willing to dedicate the time and effort By Myrna Traylor Most residential real estate professionals enter the real estate field with an eye on the largest market—resales of existing homes. New construction is always seen as much more expensive.

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Housing Wire

MAY 2, 2024

But according to him, the firm has invested in new construction, land, and condominiums in a challenging mortgage market. He expects the group to close about $400 million in mortgages this year, representing about 15% of the company’s total. Potempa had a joint venture with OneTrust from March 2022 to March 2024.

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Realtor.com

OCTOBER 15, 2020

fstop123/Getty Images Few things are as exciting as purchasing a newly constructed home. 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. Do the materials and style of construction match the neighborhood?”

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Redfin

JUNE 13, 2022

Come prepared with a new construction walkthrough checklist and you’ll know exactly what to look for ahead of time. You might hear a new construction walkthrough called a “blue tape walkthrough.” Blue tape walkthroughs only apply to new construction homes. ” Why?

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Realty Biz

FEBRUARY 24, 2024

While many veterans are familiar with traditional VA home loans, there are additional options that cater to specific needs – VA Jumbo Loans and VA Construction Loans. Insights into VA Home Loans: Before we dive into the specifics of VA Jumbo Loans and VA Construction Loans, let's recap the fundamentals of VA home loans.

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Housing Wire

APRIL 24, 2023

Roosevelt enacted the Federal Housing Administration (FHA) as part of the New Deal to provide small down payment home loans for working-class Americans. Most Americans believe that homeownership is the cornerstone of the American dream. Home equity is also the primary source of wealth for most Americans. In January, the U.S. The overall U.S.

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Closing New Construction Loans Equity 383

Housing Wire

NOVEMBER 15, 2023

The latest GDP report, Consumer Price Index findings and softer labor data seem to point towards a mild improvement in the economy, but Yun still sees some worrying signs to watch for in the new year. Meanwhile, he counts on home builders to ramp up new construction, as the existing-home inventory shortage lifts demand for new homes.

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Sales New Construction Staging Mortgages 454

Realtor.com

JUNE 24, 2021

Nicole and Pat, however, were able to buy their house for just over half that sum by choosing new construction. The Krouses’ new-construction home in South Austin, TX Nicole Krouse. We were visiting some friends who had just moved into a new build in a part of South Austin that’s underdeveloped right now.

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Realty Biz

JUNE 15, 2021

Residential construction in the U.S. Despite declines in both affordability and availability, however, the luxury new construction condo market across the country features more than a few intriguing options, starting with these high-profile developments: 1000M – Chicago, IL. 111 Murray Street – New York, NY.

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Realtor.com

NOVEMBER 7, 2022

to “Purchase before X date, and we’ll pay all of your closing costs.”. Incentives are also commonly offered near the end of a project when there are only a few homes left to sell, since builders might be eager to close the books. And that same flexibility exists when buying a newly built home, too, in the form of builder incentives.

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Housing Wire

AUGUST 18, 2023

A great Listing pre-qualification script pulls out critical facts so you can be best prepared to not just take the listing, but to price it right in the first place! Not prequalifying is unprofessional and can waste your time and the sellers. Always prequalify, 100% of the time! Price it to sell, not to sit. Someone is going to make a commission.

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Housing Wire

AUGUST 11, 2020

” For consumers interested in new construction, Offerpad has partnered with Beazer Homes , Maronda Homes , Meritage Homes , and Pulte Homes , to name a few. .” ” For consumers interested in new construction, Offerpad has partnered with Beazer Homes , Maronda Homes , Meritage Homes , and Pulte Homes , to name a few.

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Housing Wire

JANUARY 23, 2024

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. Change is on the horizon. For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions.

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Housing Wire

DECEMBER 8, 2023

You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? Should they consider new construction? Managing the transaction between pending and closing can be the most challenging part of the process.

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Housing Wire

DECEMBER 3, 2020

New construction continues to take more and more of our market,” Dopp said. “New New construction continues to take more and more of our market,” Dopp said. New construction used to be maybe 15-20% of the market, trending toward 40% of the market now. Next year, it’ll probably be close to 50%.”.

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Marketing New Construction Construction Principal 532

Housing Wire

DECEMBER 20, 2023

Are they out there knocking on doors, sending letters and going to new builds, FSBOs and open houses? Look for new construction, even if your buyers don’t think they will like it. Add one well-selected new home at the end of a search for resale homes just to take their temperature.

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Housing Wire

JANUARY 6, 2021

This is the first of the company’s strategic homebuilder partners to offer the services to new-construction customers, and they’re starting with the Florida market. As a partner in Offerpad’s Homebuilder Alliance program , Maronda Homes will offers homebuyers listing and direct sale products when purchasing a new build.

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New Construction Construction Closing Sales 276

Redfin

AUGUST 25, 2020

A surge in homebuilding before the pandemic is now driving growth in new-home sales. Meanwhile, the supply of new-construction homes for sale slid 28.4%, representing the largest drop since at least 2013, when Redfin began recording this data. As a result, sales of new homes are growing faster than sales of existing homes. “The

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Housing Wire

FEBRUARY 8, 2024

They’ll want to know you have what it takes to close the type of deal they are looking for, and that you can help them reach their financial goals. As a real estate agent, you may think clients should care more about their next home than your life story. But on a more basic level, people like to connect human-to-human.

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GeekEstate

APRIL 22, 2024

My name is Istvan Fehervari, and I’m the Founder & CEO of Homebourse, the New Construction Hub. Numerous services and initiatives exist to address specific needs, such as offering local listings of new construction projects or facilitating online offer submissions. What problem does your product/service solve?

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Housing Wire

APRIL 26, 2023

Brian Parkinson, a loan originator at Alerus Mortgage , says that niche loans – including bridge loans, construction loans, doctor loans and professional series loans for CPAs and attorneys – are a great way to grab an agent’s attention in a market where referrals are critical. Waiting for rates to go down is just a foolish bet.

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Loan Officer Mortgages Loans Closing costs 395

Housing Wire

JANUARY 6, 2022

An under-supplied market has strong implications for house prices, particularly during a time when prices seemingly set new records every month. An under-supplied market has strong implications for house prices, particularly during a time when prices seemingly set new records every month.

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Construction New Construction Equity Sales 497

Housing Wire

AUGUST 7, 2023

Results mean trackable, profitable, closed business. Strong agents know where the new construction is being built and they know what’s happening with mortgages. They’re seeking out new ways to be able to help more people in a variety of circumstances. Not just leads, impressions or likes.

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New Construction Agents Construction Mortgages 370

Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. Kurt Carlton, President of New Western. “We do not see new construction returning in a meaningful way any time soon. Mortgage rates have nearly doubled to around 6.5% The median existing house price increased 7.7%

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Mortgages Loan Officer Pre-approval Fixed-rate mortgage 417

Housing Wire

APRIL 28, 2022

builder confidence, housing starts, homebuilder, builder, lumber, construction costs. Auld said the homebuilder started construction on 24,800 homes this quarter and homes and inventory “increased 30% from a year ago with only 600 unsold completed homes across the nation. per diluted share.” That’s up from $2.53 billion to $36.1

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Construction Closing Sales Investor 370

Housing Wire

JUNE 30, 2022

Not only does Flagstar offer brokers direct access to seasoned sales, support and underwriting teams, it also provides a product set that includes specialty lending options like Advantage non-agency loan, jumbos, new construction, renovation products and HELOCs, and in the pipeline, loans to foreign nationals, seconds and investor property loans.

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Lending Banks Technology New Construction 370

Housing Wire

AUGUST 3, 2023

Rocket reiterated its priority of diversifying client acquisition channels, lowering client acquisition costs and engaging clients through their lifetime — lifting conversion from lead to close. Rocket posted a $33 million adjusted net income loss in the second quarter, following a $111 million loss in Q1.

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Loans Mortgages Loan Officer Principal 370

HomeLight

APRIL 14, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Georgia (GA)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. When it comes to closing costs, the Peach State is one of the friendlier parts of the U.S. to purchase a home in.

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Housing Wire

JULY 20, 2023

For most agents, that’s the end of the conversation, ending the possibility of taking a new listing as well as facilitating the buyer side. Build a home instead of chasing after the scarce resale inventory 30% of available homes are new construction, so there are several advantages to this option. Next, the house is new.

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Marco Santarelli

MAY 11, 2024

This trend highlights a nationwide issue – a lack of new construction in many regions has created a seller's market, where buyers compete for a limited number of available homes, pushing prices ever higher. This upward trend is cause for both optimism and cautious analysis.

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Housing Wire

FEBRUARY 18, 2022

percent sales growth in January was good news, the drop in for-sale inventory to an all-time low at 860,000 units is a cause for concern,” said Joel Kan, the Mortgage Bankers Association’s AVP of economic and industry forecasting. Garage doors are taking months to arrive, delaying closings. “While the 6.7

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Sales New Construction Equity Construction 407

Housing Wire

OCTOBER 21, 2021

Some buyers simply picked the area for its New England charm, but local Keller Williams agent Andrew Mannix has noticed a lot of people using the opportunity to work remotely as a way to move closer to home. After losing out on multiple properties, many buyers are turning to new construction. Few homes for sale.

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HomeLight

APRIL 29, 2024

If your house is outdated or needs repairs, competing with all the new construction homes on the market can feel like a daunting prospect. Receive your offer in 24 hours and close in as few as 10 days. Make sure you understand all aspects of the agreement, including any fees or closing conditions.

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Housing Wire

MAY 19, 2021

“Until new construction takes off — over the course of years, not months — home prices will continue to increase. This housing boom is nowhere close to over.” But the fact remains, she said, that low inventory is going to keep prices high.

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