The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Adjustable-rate mortgage (ARM). Assumable mortgage. Acceleration clause.

Purchase and sale agreement 98

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

Marco Santarelli

AUGUST 5, 2022

When shoddy mortgages crumbled, the nation was left with foreclosures, numerous new houses remained empty, and millions of Americans were suddenly underwater. The majority of bad mortgages have been eliminated. In addition, the mortgage sector took action against loans that ballooned in size or were intended for borrowers to fail.

Marketing 106

Marketing Mortgages Lending Construction 106

Realty Biz

DECEMBER 26, 2022

“This influx of people and companies moving into our region, coupled with the ratio of cash buyers which is nearly double the national average should continue to shield Miami from the impact of high mortgage rates as the Fed continues its mandate to tamper inflationary pressure.”. Single-family home sales decreased 38.5%

Sales 92

Sales Short sale Mortgages Fixed-rate mortgage 92

Realty Biz

MARCH 29, 2021

Mortgage loans do not qualify as a budget strategy; hence you’ll be required to seek alternative channels for purchasing a property. The most advisable flipping modes are distressed properties, short-sales, and bank-owned homes, among other sub-optimal state assets. Set Up a Budget. The Profit Potential.

House Flipping 94

House Flipping Renovation Investor Construction 94

Realty Biz

JUNE 24, 2022

Miami-Dade County real estate posted its 10th-highest total existing home sales month in history and its second-best May sales month ever, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Miami’s existing condo sales decreased 7.9% Single-family home sales decreased 12.3%

Sales 78

Sales Short sale Mortgages Fixed-rate mortgage 78

HomeLight

AUGUST 16, 2021

This means that the homeowner stopped making payments on their mortgage, and the bank seized the property to recoup the funds. Given the various types of mortgages that are available, the auction process may differ depending on whether the loan on the house up for auction was government-backed or a conventional loan.

Title 106

Title Due diligence Finance Inspection 106

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.

Sales 101

Sales MLS Short sale Residential 101

Marco Santarelli

JANUARY 25, 2023

Many people may find it difficult to make their mortgage payments during a recession, which can result in an increase in foreclosures and a decrease in property prices. A decrease in construction activity and the associated loss of construction and real estate industry jobs may result from this. Is The Property In Foreclosure?

Commercial 52

Commercial Construction Short sale Agents 52

HomeLight

OCTOBER 1, 2020

What’s it really like to negotiate with a bank? They hadn’t been specifically looking for foreclosures when they found the bank-owned property back in 2015, but it was an amazing deal. “It They made an offer of $70,000, which the bank accepted. Because her divorce wasn’t final, she had to work out a deal with the bank.

Purchase and sale agreement 55

Purchase and sale agreement Banks Earnest money deposit Equity 55

Marco Santarelli

MAY 28, 2022

Trulia has 2,333 resale and new homes for sale in Virginia Beach, VA, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The median sales price for homes in Virginia Beach for Dec 28 to Mar 27 was $250,750 based on 1,262 home sales. March 2019 was $170.

Marketing 98

Marketing Purchase and sale agreement Investor Sales 98

The Close

DECEMBER 19, 2022

Ben Caballero , the most successful real estate agent in the world in terms of closed sales for the last decade, works exclusively with developers on new construction projects. Learn the ins and outs of short sales and how they can be a lifeline for sellers to establish yourself as the expert support that distressed homeowners need.

Agents 105

Agents Investor Property Management Development 105

HomeLight

JULY 31, 2021

For example, during the Great Recession , home prices fell 13.9%, leaving many homeowners underwater on their mortgages (in other words, owing more than the home is worth). As you pay off your mortgage, you gain equity (that’s the portion of the home you own as opposed to what you still owe your lender) in your investment.

Investor 89

Investor Equity Renovation Mortgages 89

HomeLight

APRIL 29, 2022

Whether you’re thinking about selling your home, borrowing from your home equity, or canceling private mortgage insurance (PMI) , it’s worth considering how to increase home value for an appraisal. For example, any homes that were foreclosures or short sales may be considered bad comps. With that in mind, consider providing: 1.

Equity 117

Equity Agents Construction As-is 117

Marco Santarelli

MAY 31, 2022

Trulia has 827 resale and new homes for sale in Asheville, NC, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The median sales price for homes in Asheville for Mar 27 to Jun 26 was $299,750 based on 552 home sales. Homes for Sale in Asheville.

Marketing 100

Marketing Investor Sales As-is 100

Marco Santarelli

SEPTEMBER 21, 2021

due to robust housing demand and low mortgage rates. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in September. single family rental homes became favorable options for investors, saving in construction or refurbishment prices. Homes for Sale in Detroit.

Marketing 111

Marketing Investor Residential Sales 111

Marco Santarelli

FEBRUARY 1, 2022

Trulia has currently 144 resale and new homes for sale in Bellevue including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. There are 54 new construction single-family homes for sale in Bellevue within a price range of $695,000 to $5.5M. Graph Credits: Trulia.

Marketing 52

Marketing Investor New Construction Sales 52

Marco Santarelli

AUGUST 5, 2020

Low mortgage rates, population growth, and an increase in buyer interest are further driving the demand for available housing. Record low mortgage rates are providing opportunities for buyers to lock-in low monthly mortgage payments for future years. Mortgage rates remain low and may slide under 3 percent by the end of the year.

Marketing 145

Marketing Fixed-rate mortgage Sales Mortgages 145

Marco Santarelli

AUGUST 27, 2020

Due to rising economic uncertainly of the likes of the infamous recession cou0pled with stay-at-home order, the number of home sales in the Las Vegas housing market for April dropped sharply when compared to March. Many construction projects were also canceled or postponed indefinitely. home prices). homes are foreclosed (per 10,000).

Marketing 128

Marketing Purchase and sale agreement Investor Sales 128

Marco Santarelli

SEPTEMBER 24, 2021

Trulia has 2,846 resale and new homes for sale in Scottsdale, AZ, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The median sales price for homes in Scottsdale for May 1 to Jul 31 was $483,900 based on 2,286 home sales. Homes for Sale in Scottsdale.

Marketing 98

Marketing Investor Sales Residential 98

HomeLight

APRIL 29, 2021

A strong economy, reticent home sellers, and lagging new construction all contribute to a seller’s market. Too few resale homes for sale. With competing buyers and rising home prices, you could net more than what recent sales in your neighborhood suggest. Your bank account will thank you! What makes buyers house-hungry?

Marketing 107

Marketing Sales Agents Construction 107

HomeLight

MAY 23, 2022

Sellers must disclose any known issues related to wells, septic systems, and storage tanks, including: Well defects due to construction issues, improper closure or contamination. There are a lot of hurdles that can come up with financing since it’s the bank buying the house – not the person,” Klaas says.

As-is 104

As-is Inspection Investor Closing costs 104

Marco Santarelli

JULY 9, 2021

With a strong economy and low mortgage rates, buyer activity has been very strong in 2021. Condo sales rose 98.3 Townhome sales increased 13.6 Traditional sales rose 16.6 Foreclosure sales were down 35.8 Short sales fell 63.6 Previously owned sales were up 18.3 percent compared to 2019.

Marketing 85

Marketing Purchase and sale agreement Investor Construction 85

Marco Santarelli

NOVEMBER 27, 2021

Trulia has 1,445 resale and new homes for sale in Bakersfield, CA, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The median sales price for homes in Bakersfield for Apr 11 to Jul 10 was $240,000 based on 1,474 home sales. Homes for Sale in Bakersfield.

Marketing 93

Marketing Investor Sales As-is 93

HomeLight

MARCH 10, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. FHA 203K Mortgage : This option allows homeowners to finance up to $35,000 in repairs identified by an FHA home appraiser or inspector. Wise agrees.

House Flipping 85

House Flipping Renovation Investor Finance 85

Marco Santarelli

JULY 27, 2020

While many have lost jobs, making them ineligible for a home mortgage, some sellers have taken their homes off the market. Double-digit declines for California home sales. Mortgage credit remains difficult to obtain. F or buyers in Sacramento County, mortgage rates are at their lowest. Unemployment expected to exceed 20%.

Marketing 124

Marketing Investor Land Sales 124

Marco Santarelli

SEPTEMBER 5, 2020

As we saw Arizona real estate market thriving & becoming sizzling hot in the past couple of years, even the rise in mortgage rates was believed not to affect it. With 2020 being, theoretically, in the middle of a boom, there are still 4 years for residential construction to surge. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing 135

Marketing Purchase and sale agreement Investor Sales 135

Marco Santarelli

SEPTEMBER 7, 2020

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%. The 15-year fixed-rate mortgage dropped to 2.44%. less than the 109 distressed sales in July 2019.

Marketing 126

Marketing Investor Sales As-is 126