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Flipping Houses in New York: 5 Cities to Consider

HomeLight

When buying an REO ( real estate owned/lender-owned property ), the banks like to work with cash. But not even they could have predicted the 20% increase in construction materials between January 2021 and 2022. Building materials continued to rise in cost by 4.9% Money was cheap but it’s not cheap anymore.”

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Clients might be interested in an ARM because it allows borrowers to take advantage of interest rate decreases without having to go through a whole refinance process and pay additional closing costs. Closing costs. Clients will need an exact accounting of the total amount owed in closing costs. Contingency.