Realty Biz
SEPTEMBER 23, 2023
It involves submitting detailed financial information to a lender, including income verification, bank statements, and credit history. They can also offer significant insights when building a house if they have worked with builders or sold several new construction properties.
The Close
DECEMBER 27, 2022
Real estate sales by unit. 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. Preforeclosure and short sales are more common. Bank-owned homes seem to be everywhere.
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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. It offers security, guaranteed inventory, and usually a support team that handles marketing and scheduling. Identify an Underserved Niche in Your Market.
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!
Housing Wire
JANUARY 10, 2022
And if three hikes in the federal funds target come to pass, initial rates on ARMs, HELOCs and construction loans (often linked to the bank prime) will likely increase from one-half to three-quarters of a percentage point. for 30-year fixed-rate loans. 2022 should be a strong year for housing.
Realty Biz
MAY 21, 2023
Last Year; Impacting Sales Miami total home sales decreased 35.5% year-over-year in April 2023, from a historic 3,445 transactions in April 2022 to 2,222 in April 2023, because of rising mortgage rates, the recent banking crisis and lack of supply in certain price points. In 2009, distressed sales comprised 70% of Miami sales.
Realty Biz
MARCH 21, 2023
The total economic impact of a typical Florida home sale is $112,500, according to NAR. Miami Distressed Sales Remain Low, Reflecting Healthy Market Only 0.9% of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales, compared to 1.6%
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