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Benefits of Investing in New Construction Real Estate

Norada Real Estate

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. They are the owner and seller.

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Lawrence Yun’s Real Estate Market Forecast (and why he called out the Fed)

Broke Agent Media

Regarding the residential real estate market, Yun forecasts that mortgage rates will drop to around 6% by the end of 2023 and below 6% in 2024. Lawrence Yun, NAR’s Chief Economist, took to the stage to discuss the current real estate market, and what he forecasts for the residential and commercial real estate markets.

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Buy the Worst House in a Nice Neighborhood

Realty Biz

But you shouldn’t plan to make a 1,200 square foot addition or all of your savings will go into the new construction. A home in a moderate stage of disrepair, but you love the neighborhood, and the house has a certain charm. It could be your entry into a $425,000 neighborhood for $325,000. Please leave your comments.

Equity 101
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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. A spec home is a newly constructed residential property built by a developer or builder without a buyer already in place. What is a Spec House? The definition of a spec house is straightforward.

Loans 108
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Why an Economic Downturn Represents the Best Time to Invest in Real Estate

The Close

Well, the good news is that inventory is going to increase. Many people, even real estate agents, don’t realize that there are actually three real estate submarkets happening in the residential space at the same time. Here’s why: Fewer Financing Options Graph via Federal Reserve Bank of St. Consider the 2008 recession.

Investor 116
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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. Regularly review and update your budget as the construction progresses.

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How to Get a Land Loan to Build a House

RIS Media

Banks or specific lenders will grant you land loans. If you work with them, your chances of getting a construction loan increase considerably. Keep in mind that the lender will inspect periodically and get involved in all stages of construction. Land value is more difficult to determine when compared to a home.

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