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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New Construction Construction Pre-approval Inspection 105

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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Loan Officer Mortgages VA loan Lending 417

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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New Construction Construction Inspection Finance 52

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

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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New Construction Construction Probate sale Investor 52

Housing Wire

FEBRUARY 1, 2023

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. This type of loan only has one set of closing costs to pay, reducing the borrower’s overall fees.

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Construction Loans Loan Officer New Construction 395

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? Pen or pencil.

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New Construction Construction Inspection Closing 65

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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New Construction Construction Purchase and sale agreement Design 138

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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Proof of funds Inspection contingency Inspection MLS 427

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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Agents Equity New Construction Days on market 446

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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Closing costs Closing Title Loans 95

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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Pre-qualification New Construction MLS Construction 370

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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New Construction Construction Finance Closing costs 76

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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New Construction Construction Closing As-is 395

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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MLS Pre-approval New Construction Construction 417

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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New Construction Development Construction Residential 102

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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New Construction Construction Due diligence Marketing 111

HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Pennsylvania (PA)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. While some fees are only a few hundred dollars, the final closing costs can run into the thousands.

Closing costs 83

Closing costs Closing Inspection Loans 83

HomeLight

APRIL 13, 2023

You successfully negotiated an affordable price for a Nebraska home and are ready for closing. For the final tabulation in determining the cost of your new house, you subtracted the down payment. But did you remember to add closing costs? So, how much are closing costs in Nebraska? Who pays for closing costs in Nebraska?

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Closing costs Closing Title Title search 77

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

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 271

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

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. Niche loans consist of about 5% of Parkinson’s business.

Loan Officer 395

Loan Officer Mortgages Loans Closing costs 395

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.

Loans 370

Loans Mortgages Loan Officer Principal 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.

Lending 370

Lending Banks Technology New Construction 370

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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Agents Construction Design Branding 407

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%

Mortgages 417

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 417

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

New Construction 68

New Construction Construction Sales Residential 68

Toronto Realty Blog

AUGUST 2, 2023

TorontoRealtyBlog In my life, I have sold and closed on two properties that were a “primary residence,” and both times, I decided to welcome the new buyer with a kind gesture. On Monday, we talked about the nonsense that buyers often have to go through upon closing.

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Closing Sales Purchase and sale agreement Agents 75

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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New Construction Construction Development Industrial 67

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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Marketing New Construction Construction Lending 113

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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New Construction Closing Staging Construction 97

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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Equity MLS Construction Agents 285

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

Sales 407

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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New Construction Agents Construction Marketing 383

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.

Construction 497

Construction New Construction Equity Sales 497

Housing Wire

FEBRUARY 4, 2021

Here’s how Dannielle Hale, chief economist for Realtor.com, put it in her recent 2021 forecast: “The housing market in 2021 will be much more hospitable for buyers as an increased number of existing sellers and ramp-up in new construction restore some bargaining power for buyers, especially in the second half of the year.”.

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Earnest money deposit Pre-approval Marketing New Construction 546