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How In The World Did This Happen?

Toronto Realty Blog

TorontoRealtyBlog On Wednesday, I took a look at the pre-construction condominium market in Toronto and how prices and those sweet builder “incentives” look this fall. Today, I want to continue the pre-con theme and present you with a story that I’ve been holding on to for about a month now. There was no catch.

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Buying REO Homes? Here’s What to Do — And What Not to Do — According to Experts

HomeLight

These are properties that have been foreclosed , and the ownership has fully transferred to the bank or lender. There are online tips and tools available to help you find bank-owned homes. Go to your county’s office and ask for the pre-foreclosure list ,” he says. Source: (Andre W. Nguyen / Unsplash). What is an REO sale?

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Options to Unlock Your Home Equity When Finances Are Tight

HomeLight

If you meet eligibility requirements, many banks, credit unions, and other financial institutions have loans that allow homeowners to convert part of their equity to cash. You can use that money for anything — debt consolidation, tuition, home renovation, a dream vacation, etc. You don’t have to sell your home to access your equity.

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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. Buyers should arrange financing with a bank or mortgage lender ahead of time. Qualifying for a HUD home.

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What’s the Deal with Making a Cash Offer on a House?

HomeLight

From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. submit your purchase offer with a pre-qualification or preapproval letter from a lender, these funds aren’t a sure thing until the loan is fully approved.

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Selling Before Buying: Genius New Trend For 2022?

Toronto Realty Blog

So if and when a buyer agent wants to argue against a particular price, I can simply advise, “Hey, I hear you, but I’ve had 87 showings on this property, fifteen agents have asked about pre-emptive offers, so if you want to use comparable sales from two years ago, I don’t think it’s going to help.”

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20 Home Search Apps that Aim to Help You Close the Deal

HomeLight

Beyond standard MLS listings, home search apps can offer a deep dive into data to help you research, bid, buy, finance, insure, and even renovate your new home. Auction.com calls itself the nation’s largest online auction marketplace for foreclosure and bank-owned properties. The top home search apps in 2022. Auction.com.

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