article thumbnail

The current REO market requires an expansion of services for business growth

Housing Wire

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. TF: Effective risk management in REO asset sales involves awareness of the intrinsic risks.

article thumbnail

‘We Bought a House That Hadn’t Been Built Yet’: New Construction May Be the Key To Succeed in Today’s Hot Market

Realtor.com

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 made an appointment with the development’s sales consultant, then went to see several model homes. It was great.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Must Be Disclosed When Selling a House in Georgia?

HomeLight

Meaning, buyers are charged with performing due diligence during real estate transactions to ensure they’re buying a product they’re satisfied with. This is known as the due diligence period. That due diligence period is the buyer’s only opportunity to find out for themselves the facts about the house,” Morton says.

article thumbnail

How Long Does It Take to Build a House?

Realtor.com

Census Bureau’s most recent 2020 data from the Survey of Construction estimates approximately 6.8 months as the average length of time from start to completion of new privately owned residential buildings. That number rises to nearly 12 months for owner-built houses, and falls to just under 6 months for build-for-sale homes.

article thumbnail

Navigating Ohio Home Inspections: A Guide for Homebuyers

Redfin

Michael Hazlett of Clarity Property Inspections recommends getting a home inspection even if the home is brand new. You absolutely should have any newly purchased house inspected, even if it’s brand new,” says Michael.“We We find significant issues even in new construction.”

article thumbnail

What Buyers and Sellers Need to Know About Getting a Home Inspection in North Carolina

Redfin

However, our inspection company is receiving more requests from sellers to inspect their NC homes in preparation for a real estate sale,” mentions Builder Buddy. “A A pre-sale inspection helps discover leaks and other major issues that might cause contract termination.

article thumbnail

Essential Real Estate Advice in 6 Steps

Louisville Homes

The real estate market is growing, but you can simplify the process by making sure that you know how to spend time searching for the best houses for sale for you. Even with new construction , it always pays for a buyer to have their own Realtor. From looking for homes to buy to financing and more, there is a lot to learn.