Toronto Realty Blog

AUGUST 12, 2022

” I don’t know what would be worse: wanting to assign a pre-construction condo that you purchased two days ago, or wanting to sell a pre-construction condo that you bought in February at the market peak. ” There was silence. . “I’m hoping we can build that into the sale.”

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Sales Marketing Purchase and sale agreement Construction 93

Realtor.com

NOVEMBER 17, 2022

Many homebuyers may find the added expense of new construction well worth it, due to the money they stand to save on renovations and repairs that might crop up in an older home. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics.

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New Construction Construction Development Renovation 126

Housing Wire

FEBRUARY 3, 2023

The loan program can’t be extended, relocked or renegotiated until after the lender receives a fully executed sales contract and is only eligible for up to 30 days of extension. Instead of reducing the price of the house, borrowers can take on a lower monthly mortgage payment by lowering the rate, Guaranteed Rate said.

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Loans Loan Officer Closing costs Mortgages 370

Realtor.com

MARCH 8, 2021

Instead, you might need a construction loan. In this installment from our Guide to Building Your Own Home , we’ll cover everything you need to know about construction loans. What is a construction loan? This down payment is based on the combined cost of the land and estimated construction costs.

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Loans Construction Land Finance 120

Realty Biz

APRIL 12, 2023

Buying a new construction home involves a different process than buying an existing home, and some people wonder if they need a real estate agent at all to buy one. While you technically do not need a realtor to represent you when you buy a new construction home, there are a few reasons it would be in your best interest to do so.

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New Construction Construction Inspection Finance 52

Broke Agent Media

MAY 16, 2023

BAM Key Details: The results of a new Opendoor survey reveal an inconsistency in housing market expectations, along with areas where buyers and sellers can meet in the middle. Data from a new Opendoor survey is shedding some light on how buyers and sellers see the housing market, what their top concerns are, and what they can agree on.

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Marketing Purchase and sale agreement Construction Equity 98

Realtor.com

NOVEMBER 7, 2022

to “Purchase before X date, and we’ll pay all of your closing costs.”. Incentives are also commonly offered near the end of a project when there are only a few homes left to sell, since builders might be eager to close the books. ” While many incentives are widely advertised, others are not and are discretionary. .

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New Construction Construction Finance Closing costs 76

Real Trends

MARCH 2, 2022

Even as the COVID-19 pandemic destabilized the economy, the 2021 housing market was the hottest ever recorded in U.S. Millennial homebuyers enter this scorching-hot housing market as the largest share of home buyers among all generations, and many of them plan to use a real estate agent. The takeaway.

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Marketing New Construction Closing costs Agents 103

Marco Santarelli

FEBRUARY 19, 2024

Housing affordability is a major concern for many Americans, especially renters who face rising rents, stagnant incomes, and a limited supply of low-cost units. Housing affordability is not expected to see a major improvement in 2024 due to tight rental markets and high property prices. Will Housing Affordability Improve in 2024?

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Construction Closing costs Mortgages Finance 98

Realty Biz

FEBRUARY 19, 2024

For example, it is common for conservation boards to ask builders to put up siltation fences during construction. That could include personal use, but if you’re buying it as an investment, get clear on your exit and marketing strategies. I knew exactly what they’d be used for and by whom, and I targeted those people in my marketing.

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Land Due diligence Title search Finance 127

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer within a week and close in as little as 10 days. You may see some that market – or send out mailers – to certain niches.

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Sales Purchase and sale agreement Due diligence Inspection 92

Realty Biz

JULY 11, 2022

At that point, you’ll sit down and construct on offer to purchase. The offer will spell out all of the common terms and conditions such as the offer amount, what you’re financing, any contingencies, and the closing date. The lender will hire a licensed appraiser who will evaluate the fair market value of the property.

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Earnest money deposit Purchase and sale agreement Marketing Equity 76

Realtor.com

NOVEMBER 14, 2022

As the year comes to a close, the red-hot housing market has been brought to its knees by soaring mortgage interest rates. Home prices are beginning to fall from their peaks in some of the nation’s hottest markets—but not enough to make up for the higher mortgage rates. And will buyers return to the market?

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Marketing Mortgages Sales Loans 105

HomeLight

APRIL 14, 2023

Your California dream home has just come on the market, and you’re eager to make an offer. But even though the monthly mortgage payments fit into your budget, you’re concerned about coming up with enough cash for a myriad of closing costs in addition to the down payment. Find a Buyer's Agent What are closing costs?

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Closing costs Closing Purchase and sale agreement Title 90

Housing Wire

NOVEMBER 27, 2023

New home sales fell on a month-over-month basis in October, but continued to outpace last year’s levels. Meanwhile, low supply and high mortgage rates continued to dampen existing home sales. In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S.

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Sales New Construction Construction Closing costs 421

Realty Biz

APRIL 29, 2022

We know that’s easier said than done, especially for something as puzzling as the housing market. We’ve compiled this guide to the current real estate market in the Niagara region to give you an insight into what it may look like when buying or selling your home in 2022. What Is The State Of The Housing Market In Niagara?

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Marketing Banks Sales Mortgages 79

HomeLight

APRIL 11, 2023

Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. You receive a firm offer.

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Purchase and sale agreement Closing costs Closing Agents 76

HomeLight

APRIL 13, 2023

However, there’s another set of fees and charges you must be prepared for, and those are closing costs. According to ClosingCorp, which provides real estate closing cost data for the mortgage industry, closing costs in Florida, including transfer taxes, average 2.3% of the sales price.

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Closing costs Closing Title Inspection 78

Real Trends

MARCH 22, 2023

Notice if there are any details listed These details could include FHA approval, seller financing, closing cost assistance or as-is conditions. Research the history of the property Search Zillow , Google and even YouTube to see if it may have been for sale by owner prior to being listed with the current agent.

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Inspection Agents New Construction Closing costs 77

Real Trends

OCTOBER 5, 2022

Why would a buyer choose your listing versus the one that’s for sale down the street? Why buy your listing when there’s new construction with builder incentives? But, the market has changed and buyer concessions are becoming a thing. Have your seller contribute $10,000 toward the buyer’s closing costs.

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MLS New Construction Closing Closing costs 99

HomeLight

AUGUST 24, 2022

Individual program details can also frequently change — please visit a company’s website for the most up-to-date- information on each program’s fees, market coverage, business model, and more. Maybe your company is transferring you from Atlantic City to Las Vegas, and you don’t have time for a lengthy home sale process.

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Closing costs Purchase and sale agreement Closing Staging 78

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%

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Marketing Residential Construction Mortgages 397

HomeLight

APRIL 14, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Michigan? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase.

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Closing costs Closing FHA loan Inspection 77

HomeLight

DECEMBER 30, 2021

When the terms have been finalized, accepted, and signed off on by both sides, your purchase agreement is now officially a sales contract to which you and the seller are both held liable. A Loan Estimate is a document provided by your lender that includes the terms of your mortgage loan and an estimate of your closing costs.

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Purchase and sale agreement Title Closing costs Seller disclosure 86

Realtor.com

DECEMBER 8, 2020

With a record-low selection of properties for sale, high buyer demand keeps on pushing home prices ever skyward. They range from providing down payment and credit assistance to boosting the supply of affordably priced homes on the market. Meanwhile, the number of homes on the market plunged 39.2% But help may be on the way.

Loans 122

Loans Construction Mortgages Sales 122

McKissock

JULY 26, 2022

Constructing a real estate offer is an art. In order to reach an acceptable agreement with the most favorable terms, make sure your buyers are aware of the market and the most important factors when constructing an offer. Number of days on market. Closing dates. Requests to sellers to pay closing costs.

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Purchase and sale agreement Title search Inspection Construction 81

Redfin

JULY 27, 2023

With Windsor’s real estate market conditions, you’ll find there are pros and cons to both buying and renting a home, making it that much tougher to decide which option suits your goals. If you’re considering buying a home in Windsor, you’ll see the median sale price for a home is $582,000 as of July.

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New Construction Closing costs Construction Days on market 53

Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. While each of these digital companies successfully addressed a problem in the market, other pain points still existed.

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Marketing Title Closing costs Technology 384

HomeLight

APRIL 12, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Massachusetts (MA)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. What are closing costs?

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Closing costs Closing Purchase and sale agreement Title search 81

Housing Wire

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. Following dampened activity from buyers, sellers provided increased concessions, such as temporary rate buydowns or paying closing costs to complete sales, the report noted.

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Marketing Residential Construction Sales 370

HomeLight

AUGUST 16, 2021

Some savings you can use toward a down payment and closing costs? Research your market. There’s much to learn about your local real estate market before diving into making offers. How quickly do homes move off the market? Estimate your down payment and closing costs. Assess your readiness.

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Closing costs Purchase and sale agreement Inspection Loans 104

HomeLight

AUGUST 26, 2020

The national cost of building an “average” home in 2020 is $248,000 (for comparison, the average cost to build a low-end home is $178,000 while the average cost to build a high-end home is $416,000.). The cost of the home will also vary depending on whether it is a custom or production home. Consider existing new homes.

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New Construction Construction Closing costs Finance 98

Toronto Realty Blog

JUNE 21, 2021

It’s becoming harder and harder to get into the market. In this market, I’m not surprised by a statistic all that often. Think about it this way: On the one hand, lower interest rates should significantly help buyers get into the market. HDB blocks are also being built with standardized construction systems.

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Realty Biz

MARCH 30, 2023

Also, make sure that you have a clear understanding of who is responsible for the closing costs and other associated fees. This has led to an overall reduction in home sales as buyers struggle to secure financing. At the same time, inflation is driving up the cost of building materials and other construction costs.

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Mortgages Pre-approval Pre-qualification Due diligence 102

HomeLight

MARCH 2, 2021

According to an analysis from Construction Coverage, wages have failed to keep up with home price growth since the early 2000s. Tenacious buyer’s agents are committed to saving their clients money and will be able to: Help you get a grip on the housing market by identifying which properties are underpriced or overvalued.

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Inspection Loans Closing costs Renovation 109

Realty Biz

SEPTEMBER 28, 2022

If so, lenders may turn down your loan application due to the condition of the property, which could lead to additional costs for repairs. If a seller wants to sell their house for the top dollar, they may want to consider fixing their home before putting it on sale. They are constantly reviewing properties and the real estate market.

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Purchase and sale agreement Inspection Investor Closing costs 76

Toronto Realty Blog

FEBRUARY 24, 2022

Last month, one of my clients was emailing me pre-construction projects in Georgetown, Ontario, as we both lamented the ridiculous prices in the GTA, and he dropped this knowledge bomb on me: And this is why a lot of us pre-con specialists in TO have skipped the last two years here and have gone balls deep in Calgary. Browse Realtor.ca

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Closing costs Development Land Investor 142