Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? Marlin could sell condos for $2,000/sqft in pre-construction right now.

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Construction Sales Purchase and sale agreement Development 75

Housing Wire

MAY 10, 2023

level reported last summer, but inflation is still running far above the Fed’s target rate of 2%,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. According to Yun, the Fed’s rate hikes have hurt regional banks and the housing market. “CPI data show that inflation is down significantly from the 9.1%

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Closing MLS Construction Residential 357

Housing Wire

SEPTEMBER 20, 2023

Most investors are already wondering what it would take for the central bank to lift rates again later this year. If shelter was excluded from the CPI calculation, inflation would be about 1% in August, said Bright MLS Chief Economist Lisa Sturtevant last week.

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Fixed-rate mortgage Mortgages Investor MLS 412

Realty Biz

APRIL 19, 2024

Only they have access to real estate comps, MLS listings, and local market trends that can help you buy, rent, sell, or invest in residential, commercial, or industrial real estate. Bank Rates report the same declining trend in home prices. At the same time, new constructions struggle to keep up with the market.

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Marketing Fixed-rate mortgage Construction Residential 90

Housing Wire

JULY 21, 2021

The goal is to support rehabbing or constructing homes at scale, so we could potentially see comprehensive community revitalization projects that affect 50, 100, or even more units.”. were subsequently resold, according to an analysis of subsequent sales using public record and multiple listing service (MLS) data.

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Investor Development Renovation Sales 457

The Close

JULY 23, 2022

Begin with an MLS search of the past 12 months’ sales in the area your client is looking. Every agent knows that they can find expired listings on their MLS or using Vulcan7. However, the MLS data only tells us two things about the homeowner: at one point they genuinely wanted to sell, and the price they wanted to sell at.

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Bankruptcy Purchase and sale agreement MLS Investor 111

Notorious ROB

APRIL 5, 2023

DPX is an MLS The first and most important differentiator is that DPX is a Multiple Listing Service. It turns out that you cannot build an open auction platform on top of the traditional MLS. Many an MLS, for example, simply do not even allow auctions to be listed. We are a parallel platform, not a competitor to the MLS.

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Purchase and sale agreement MLS Brokerage Agents 97

Realty Biz

FEBRUARY 24, 2021

This makes the land loan a risky loan for the bank. MLS : A Multiple Listing Service (or MLS) is like a realtor’s database, where multiple real estate agents offer both homes and land for sale to each other. Unlike the pocket listing, a property offered on the MLS is there because the owner wants to sell.

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Land Loans MLS Finance 122

Toronto Realty Blog

AUGUST 25, 2023

Would a buyer choose this property with a 4% interest rate instead of a different property which would necessitate a 5.99% rate from a bank? But “comparable interest rate to major banks,” so what’s in this for the buyer, exactly? But it got me thinking: how prevalent is this in the market today?

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Mortgages MLS Commercial Banks 83

GeekEstate

JANUARY 12, 2023

Fighting tooth and nail to put every dollar in the bank, day after day, month after month. Look for more down payment assistance, equity release, fractionalization, and private equity placements to collide with traditional bank-based underwriting models in effort to help address this growing global concern. prior to an IPO.

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MLS Banks Technology Equity 62

Notorious ROB

DECEMBER 19, 2022

Opendoor Opens the Door to a New National MLS. Those are not agent listings sourced from an MLS via IDX feed. If buyers don’t know about my home for sale, and certainly their buyer agent belonging to the local MLS isn’t going to tell them because the home is not in the local MLS, then how do I get any traction?

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MLS Agents Pre-approval Brokerage 79

Marco Santarelli

FEBRUARY 1, 2023

When a real estate housing market crashes , there are so many foreclosure and bank REO sales, figuring out the real value of a property can be difficult. For example, the seller's name may be missing, which could be relevant if the seller was a bank, as in the case of a foreclosure sale.

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Marketing MLS Due diligence Sales 91

Realty Biz

MAY 21, 2023

Miami-Dade County $1 million+ luxury home sales continued outperforming pre-pandemic levels as total median sale prices rose once again as the market leads the nation in real estate appreciation, according to April 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Sales 92

Sales Short sale Fixed-rate mortgage MLS 92

HomeLight

AUGUST 31, 2021

Don’t let the pristine facade or shiny appliances of a model home deceive you: buying new construction will be as complex as any old real estate transaction, if not more so. And if you thought buying new construction without an agent would save you a few bucks in commission, think again. Updated August 31, 2021.

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Agents New Construction Purchase and sale agreement Construction 124

Fancy Pants Homes

JANUARY 14, 2022

Image credit: MLS / Windermere Real Estate. Image credit: MLS / Windermere Real Estate. Image credit: MLS / Windermere Real Estate. Image credit: MLS / Windermere Real Estate. Image credit: MLS / Windermere Real Estate. Image credit: MLS / Windermere Real Estate. Image credit: MLS / Windermere Real Estate.

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MLS Land Design As-is 74

HomeLight

OCTOBER 5, 2020

The bank or mortgage company is the linchpin of a short sale. A short sale tends to be a much better alternative than a foreclosure — something that the bank, and everyone else, for that matter, wants to avoid. The buyer really just has one chance to submit an offer that will pass the bank’s standards for approval.

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Short sale Sales Banks Due diligence 70

The Close

JUNE 22, 2023

Distressed properties include homes that have been neglected for years, have fire or flood damage, and bank-owned homes with no plumbing (because the copper was stolen). The challenge for most real estate agents is that many motivated seller and distressed property opportunities never make it to the MLS. Consider the 2008 recession.

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Investor Debt-to-income ratio New Construction Construction 116

Realtor.com

NOVEMBER 16, 2022

MLS via Realtor.com / Realtor.com A farmhouse in Haverhill, MA, built for the town founder is the oldest property to hit the market this week on Realtor.com®. acres with two additional, buildable lots to construct the family compound most could only dream of. There’s also a two-story bank barn on the property.

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Land Construction Banks MLS 65

The Close

DECEMBER 27, 2022

Preforeclosure and bank-owned properties, or REO. Further out, suburban areas begin to lose value as homebuilders continue to overbuild because new construction timelines are longer. Even a few bank-owned homes are starting to show up in the MLS. Bank-owned homes seem to be everywhere. Housing values. Rental rates.

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Investor Staging Marketing Banks 94

Lab Coat Agents

FEBRUARY 28, 2023

Do this for three to four months and pick up on patterns that will help you construct your ideal financial plan. Business Budget In your business budget, you should record your marketing plan payments, license fees, and membership dues, including any Multiple Listing Services (MLS) dues.

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Agents Marketing Finance Development 52

RIS Media

APRIL 18, 2021

The program, created alongside the Detroit Land Bank Authority (DLBA) in 2015, rehabilitates land bank-owned, single-family homes in neighborhoods with an appraisal gap that is preventing Detroit residents from accessing financing. ” How It Works.

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Renovation Land Banks Finance 56

McKissock

JANUARY 31, 2023

” “When to use new construction or remodeled construction as a comparable.” ” The importance of providing accurate and detailed info “Appraisers rely heavily on the MLS for research, so please enter listing information accurately and thoroughly.” .” “Location, location, location!

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Agents Inspection Renovation Construction 97

HomeLight

FEBRUARY 27, 2023

Here are some factors that can influence the cost of a home appraisal in Indiana: Urban vs rural Urban properties tend to be smaller and have more information readily available in the local MLS, which makes them faster and thus cheaper to appraise. If [an appraiser] wasn’t hired by the bank, it’s not real helpful.”

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Equity Agents VA loan Construction 91

Toronto Realty Blog

FEBRUARY 13, 2023

MLS has a tool for “favourite listings” and while many agents will click the star next to a property because they’re watching it for a buyer client, or they’re using it as a comparable for a potential seller, many agents will favourite listings that are complete train wrecks so they know how the story ends.

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Marketing Renovation Closing Construction 84

Realty Biz

MARCH 21, 2023

Miami-Dade $1-million-and-up transactions surged triple digits versus pre-pandemic 2019 transactions as total pending home sales and showing appointments rose again for the second consecutive month, according to February 2023 statistics released today by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) systems.

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Sales MLS Short sale Residential 101

HomeLight

JANUARY 28, 2022

A real estate agent or broker usually compiles information gathered from the multiple listing service ( MLS ), photos of the property, inventory levels, and other market indicators. He acknowledges that banks usually view appraisals as more valuable than a CMA, even if many of his colleagues disagree. Get a Free Home Value Estimate.

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Marketing Renovation Agents New Construction 103

HomeLight

APRIL 26, 2023

When you list in the MLS, you must include a buyer’s agent commission. If you choose not to list in the MLS so you can forgo the buyer’s agent commission, you’ll seriously limit the exposure your home will get. Only licensed real estate agents and brokers who are MLS members can post to the MLS.

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MLS Agents Sales Proof of funds 72

Toronto Realty Blog

SEPTEMBER 22, 2021

Many of you have seen my now-infamous video of comparing pre-construction condo sales to buying pre-sale jeans. Imagine a real estate agent who sees a condo listing on MLS, sees that there’s one parking space and one locker, but then finds two lockers deeded with the unit in Land Registry. And there was a bank draft in hand.

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Agents MLS Sales Land 103

Marco Santarelli

AUGUST 17, 2020

It is more than a website for letting you browse property listings, though its large MLS database is reason enough to make it to this list. You can find real estate listings that may not be in the MLS such as a current landlord who wants to sell a property with paying tenants. We list it here because of its massive, free data sets.

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Purchase and sale agreement Investor Land MLS 107

HomeLight

SEPTEMBER 12, 2022

And then I’ll start reading the MLS notes. I’ll look at the MLS photos of those comparable sales. Because a lot of times, something may get missed in the MLS or you get a lot more information when you talk to the agent. I have a bank that I do a lot of work for, direct lender, it’s not AMC. Jamie: Yeah.

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Marketing MLS Agents Sales 107

HomeLight

NOVEMBER 21, 2022

Gila adds that FSBO sellers should list their home at fair market value , especially when competing with new construction in South Carolina that offers high incentives for buyers as well as real estate agents who provide Realtor® bonuses and buy-down interest programs or closing costs paid by sellers. “To South Carolina Flat Fee MLS.

Purchase and sale agreement 83

Purchase and sale agreement MLS Pre-approval Agents 83

The Close

DECEMBER 29, 2022

Construction loan. Simply put, this measures the number of days a property is for sale, from the day it is listed on the multiple listing service (MLS) to the day a buyer and seller are under contract. This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. Contingency. Related Article.

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

Toronto Realty Blog

SEPTEMBER 8, 2022

But let’s leave interest rates off the list, even though the Bank of Canada increased the overnight lending rate by 0.75% on Wednesday, because we knew that was going to happen. The bank just changes the proportion of principal and interest within the payment. There is so, so, so much that we can talk about here! in 2021: FSRA.

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Marketing Fixed-rate mortgage Banks Principal 91

Redfin

NOVEMBER 28, 2022

Bank Stadium. And if you’re a soccer fan, you know Minnesota United FC joined the MLS in 2017 and plays its home games in St. Some say Minnesota has two seasons: winter and road construction. In the summer, catch a Twins game at Target Field or a minor league St. Paul Saints game. Fall is for football at ship-shaped U.S.

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MLS Renovation Land Construction 63

Toronto Realty Blog

SEPTEMBER 7, 2023

Checking out my MLS home page, I see over 100 new listings in C01 and C08, aka “downtown,” but still only 14 new listings in C09, C10, and C11, by comparison. But it’s something we’ll surely be monitoring this fall… – 6) What role is City Hall going to take in housing construction and affordable housing?

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Marketing Land Development Banks 80

Realty Biz

DECEMBER 26, 2022

Miami-Dade County real estate has already posted the 4th best total home sales year ever and with another calendar month to go, it is poised to end 2022 as its second-biggest sales year ever, according to November 2022 statistics from the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. in November 2021.

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Sales Short sale Mortgages Fixed-rate mortgage 92

Realtor.com

NOVEMBER 14, 2022

Lisa Sturtevant , chief economist of the Bright MLS, which covers the mid-Atlantic region, expects prices will come down a bit from their peaks over the summer. Builders currently have a lot of homes in the pipeline, but they’re beginning to pause construction in the face of fewer buyers. This is not new.”

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Marketing Mortgages Sales Loans 105