Better Dwelling

JUNE 2, 2021

Canada’s housing boom isn’t just home sales — it’s consuming the whole economy. BMO senior economist Robert Kavcic crunched home renovation numbers for Q1 2021. The bank found household spending on renovations hit a new high last quarter.

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Housing Wire

FEBRUARY 21, 2023

We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If The performance gap between foreclosure sale dispositions and retail REO sale dispositions widened to 40 points in the downshifting 2022 market.

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Housing Wire

NOVEMBER 10, 2023

While the current climate may be causing existing-home sales and inventory to fall, it’s driving renewed interest in home equity options. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending. But it’s not all grim news.

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Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work.

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Realtor.com

JANUARY 24, 2023

Realtor.com A historic bank building in Pawtucket, RI , is ready to lock up a sale. Built in 1901 as Providence County Savings Bank, the four-floor, 10,452-square-foot neoclassical building is listed for $749,000. While no longer a bank, the structure could find new life as any number of different spaces.

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Housing Wire

DECEMBER 12, 2022

It relies on the small lenders’ production, such as community banks and independent mortgage banks that typically have a salesforce focused on working closely with local borrowers and real estate agents over the long haul. Bank Home Mortgage and Planet Home Lending. Its strategy has impacted correspondent lending.

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Housing Wire

OCTOBER 25, 2021

For the fifth consecutive month the number of bidding wars on home sales declined, according to a new report from brokerage Redfin. ” Top markets for affordable renovated housing inventory. In September, 58.9% A month prior , 60.8% of offers written by Redfin agents faced competition. Presented by : Auction.com.

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Point2Homes

SEPTEMBER 1, 2020

After reaching record highs in 2019, Canadian spending on home renovations declined drastically in the early days of the COVID-19 pandemic. By March and April, spending on home renovations had significantly declined. Pandemic-Induced Home Renovations. In a recent report, Bank of Montreal economist Sal Guatieri noted that U.S.

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CT Homes

APRIL 18, 2024

If you find yourself in a tough financial spot, it’s crucial to understand your options, particularly when it comes to a short sale vs foreclosure. What is a Short Sale? In contrast to a foreclosure, a short sale is a process initiated by the homeowner before the mortgage defaults become unmanageable.

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Housing Wire

MAY 20, 2022

If your home is more of an investment home, investors often want a home already outfitted with tenants or an underpriced home, so there’s room in the pricing to cover the cost of renovations. Most real estate agents deal with primary homeowners and homebuyers, so they may market an investment property to the wrong audience, delaying the sale.

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Housing Wire

DECEMBER 30, 2022

In the past two years, we’ve been working hard on qualifying people, churning and burning,” Kevin Dwyer, mortgage banker at SouthState Bank , said. Instead, they’ll be seeking to renovate their homes.”. Now you need to work on who will be buying in this market. He hit a record $2.47 Rates would average 5.2% in the fourth quarter. .

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HomeLight

SEPTEMBER 30, 2020

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. What’s a short sale ? Well, it depends.

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Housing Wire

JULY 14, 2022

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. In May, more than three dozen independent mortgage banks urged the FHA to cut mortgage insurance premiums.

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HomeLight

FEBRUARY 4, 2022

The pandemic cast our homes in a whole new light and subsequently shifted which renovations increase home value. One-third of top agents in a HomeLight survey ranked “the desire to make homes a sanctuary from the world” as the number-one reason for renovations in their market. Get a Home Value Estimate Before You Renovate.

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Housing Wire

FEBRUARY 16, 2022

Examine previous transactions with a lender, such as funding renovations on investment property, to better understand the lender’s experience with diverse real estate projects. In comparison to larger banks or even a local credit union, private lending is more reliant on relationships. Make a list of potential lenders.

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Purchase and sale agreement Investor Hard money loan Lending 384

HomeLight

AUGUST 16, 2021

And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. Though short sales aren’t as prevalent today as they were following the Great Recession , they’re not impossible to find, and good deals for buyers can still be had. What exactly is a short sale? Source: (Freedomz / ShutterStock).

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Housing Wire

JUNE 30, 2021

The first resource is its newly renovated Broker Portal that brings the power of its proprietary H2O origination system together with an elegant interface to highlight next steps, critical tasks and key contacts. Caliber Reconnect includes MLS Trigger that alerts brokers when a shared borrower’s property has been listed for sale on MLS.

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Housing Wire

APRIL 14, 2022

The central bank has signaled that it will raise rates another six times in 2022, and likely several more times in 2023, which will likely trigger a corresponding rise in mortgage rates. in March — has sapped strength from the renovation market. Presented by: RMF. points, up from 3.91% the week prior, according to Freddie Mac.

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Mortgages Fixed-rate mortgage Banks Renovation 421

HomeLight

SEPTEMBER 1, 2020

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. What’s a bank-owned foreclosure?

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Housing Wire

APRIL 22, 2021

” Redfin pegs the average list price for a home at $325,000 in Raleigh, with sales prices averaging $333,000 — up 10.7% Thankfully, most banks were still lending. ” Hennessey said his company pivoted to doing mostly renovations in the past few months, declining new builds in order to save money. year-over-year.

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HomeLight

MARCH 30, 2022

Whether you’re an investor looking for a speedy sale so you can move on to your next deal or a homeowner trying to unload a property quickly to avoid financial strain, you’re in search of real estate cash buyers to purchase your house without a lengthy or uncertain process. Reduce the time it takes to close your sale.

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HomeLight

JUNE 11, 2024

Whether you’re planning to flip a historic greystone in Lincoln Park or invest in a rental property in Logan Square, hard money lenders in Chicago can offer faster approval times and more flexibility compared to traditional bank loans. You can then make a strong offer on your next home with no home sale contingency.

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Finance Hard money loan Home sale contingency Loans 95

HomeLight

MARCH 13, 2023

Whatever your reason for needing a quick sale without making a substantial investment, the Orlando real estate market is teeming with cash buyers ready to make a deal no matter your home’s condition. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready.

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Marco Santarelli

DECEMBER 20, 2020

Most newbie investors are perplexed with the question of how to find investment properties for sale? What is an investment property for sale? In other cases, the investment property is the one in desperate need of repairs or renovations. Let’s learn how to find investment properties for sale.

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Housing Wire

FEBRUARY 8, 2022

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Most of the renovated foreclosure resales came from local community developers like McCormick who sell a handful of renovated foreclosures a year in communities they care about. “I

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CT Homes

FEBRUARY 20, 2024

Research recent sales of similar homes in your area, particularly those in comparable condition. Prepare Your House for Sale You don’t need to break the bank on renovations, but a little effort can go a long way. Understand Your Market First things first: setting a competitive price is crucial. We can close quickly!

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Toronto Realty Blog

JANUARY 27, 2023

Let’s say that your home in listed for sale and you receive an offer, but the offer has a condition. In the suburbs of Toronto right now, a slew of houses are being sold conditionally on the sale of the buyer’s property, and most of these conditions include escape clauses. You, being the seller , that is.

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Purchase and sale agreement Sales MLS Closing 77

Housing Wire

MARCH 10, 2023

A host of nonbanks and traditional depository lenders, such as banks and credit unions, as well as a growing number of fintech firms continue to ramp up efforts and product lines to meet that demand. As of March 8, according to Commerce Bank , the prime rate was 7.75%. to 2 points.” level from the first quarter of 2021.”

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Housing Wire

NOVEMBER 25, 2020

Green gave the example of a Fort Wayne, Indiana, property he purchased on Auction.com via a bank-owned (REO) auction in July 2019. Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. “A deal for me is a property I can buy for under $100,000, typically.”.

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HomeLight

MARCH 20, 2024

These companies provide relief to homeowners facing time constraints or whose properties require renovations. Sell Your House Fast in Anderson With a Cash Offer Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in 24 hours and close in as few as 10 days.

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Renovation Closing Banks Sales 91

HomeLight

MAY 8, 2024

In this guide, we’ll explain how to find reputable cash home buyers in Denver and outline the advantages of a cash home sale. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Need to Sell Your House Fast in Denver?

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Proof of funds Due diligence Investor Agents 96

Realtor.com

JANUARY 5, 2021

The property also has a four-bedroom guesthouse with an updated kitchen, outbuildings including a bank barn with horse stalls and a garage, a seasonal creek, and an orchard. Restored Colonial: This is the first time in 200 years that this 4-acre property has been for sale. Birdsboro, PA realtor.com. ———. 265 Mohegan Rd, Shelton, CT.

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HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

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HomeLight

FEBRUARY 4, 2022

If you’re in the market for real estate, either as an investment or a residence, REO (which stands for “real estate owned” also known as “bank owned”), homes can offer you a deal, but without the hassle of dealing with a foreclosure auction. To figure out the best place to find REO homes, we did a lot of digging and looked at banks, the U.S.

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Sotheby's International Real Estate

DECEMBER 3, 2020

From a light-filled Parisian apartment to a timeless fieldstone home in Washington DC, these are this month’s four featured notable properties for sale over $5 million. Completely renovated, this light-filled historic apartment offers a perfect floor plan and impressive features like four-meter ceiling height. Paris, France.

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Realty Biz

SEPTEMBER 23, 2021

Miami-Dade County real estate broke another record, posting its best August sales month in history as pent-up demand, more U.S. Miami-Dade County total home sales surged 30.6% year-over-year in August 2021, from 2,527 sales to 3,299. Miami-Dade County total home sales surged 30.6% 1 overall sales month in Miami history.

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Housing Wire

OCTOBER 15, 2020

Demand for REO properties sold on the Auction.com platform has been rising since a short-lived dip in March and April, as evidenced by five consecutive months of year-over-year increases in sales rate (percentage of REOs available for auction that sold) and average price per square foot through September. in September. “If

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