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How to Get a Land Loan to Build a House

RIS Media

Are you wondering how land loans work? Maybe you’re setting your mind on purchasing a piece of land that wonderfully fits your future house? Getting a loan for land is a smart move, especially when you will not be constructing your home right away. Procuring land financing is a great way to make your purchase on time.

Land 122
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Things Builders Should Know About Spec Home Loans

Realty Biz

Development financing for larger new construction projects and alternative financing approaches should also be considered. Non-conventional financing solutions, such as loans based on bank statements or income-based loans, may also be viable options.

Loans 108
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Best Tips When Building a New House

Realty Biz

Understanding the Construction Process When embarking on the journey of building a new house, it is crucial to have a solid understanding of the construction process. Buying new construction can be exciting but quickly become a nightmare. Land expenses can take up a significant amount of your budget very quickly.

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Buying New Construction for the First Time? Here Are the Dos and Don’ts You’ll Need to Know Before Jumping In

HomeLight

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. However, you want to arm yourself with the tools and insider information so you don’t get too carried away with the new build. The dos of buying new construction.

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Homebuilders are at max capacity. And the housing shortage keeps widening

Housing Wire

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Everywhere you look there seems to be bad news for the existing-home market — interest rates remain north of 7% and the median home price nears record levels at more than $410,000 as of June. Taken by Felix Mizioznikov.

Land 369
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Seller’s vs. Buyer’s Market: A Seller’s Guide to Decoding Market Conditions

HomeLight

A strong economy, reticent home sellers, and lagging new construction all contribute to a seller’s market. And as the population increases, so does the need for new housing. Your bank account will thank you! Factors that lead to a seller’s market. What makes buyers house-hungry? Too few resale homes for sale.

Marketing 109
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Why You Still Need an Agent to Buy a New House

HomeLight

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. These are all areas where a knowledgeable buyer’s agent who’s got lots of new-build experience and local builder connections can be invaluable.

Agents 127