Win More Listings While Maximizing Your Earning Potential
RIS Media
NOVEMBER 13, 2023
To make their homes stand out and get top dollar, sellers often tackle pre-listing repairs or renovations.
Biden to call for first-time homebuyer tax credit, construction of 2 million homes
Housing Wire
MARCH 7, 2024
In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The NHC lauded the development.
Construction 
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7 Smart Ways To Lower the Cost of Buying a New-Construction Home
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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Getting a Home Loan With Low or No Down Payment
Realty Biz
JULY 20, 2022
This type of mortgage can be used, not only, to buy homes in rural areas, but also for renovations, new constructions, and relocating a house. Along with zero down, it offers lower interest rates and closing costs. Department of Housing and Urban Development funds down payment assistance programs in every state.
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A Guide On How To Sell Your House Fast
Redfin
JUNE 28, 2022
While most people fixate on the 6 percent real estate agent fee , the cost of selling your home is actually more. It costs close to ten percent of a house’s selling price to sell your home. In addition to real estate commissions, you may also have to pay for: Repair and renovation. Transition and overlap costs.
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What Is a HUD Home? Are the Savings Worth the Risks?
HomeLight
JUNE 28, 2021
Department of Housing and Urban Development , a government agency first created by President Lyndon B. Collinge also suggests taking a hard look at the house and making a list of what you believe needs work to bid accordingly — and don’t be afraid to request that HUD cover some closing costs to make up the difference.
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Monday Morning Quarterback: Selling Magic Beans
Toronto Realty Blog
SEPTEMBER 13, 2021
Also last week, I asked the TRB readers to post suggestions for future blog topics and we received this: More on that in a moment, but first, a client of mine is preparing to list his downtown condo for sale later this month and we’re currently renovating the place. Oh, it was the developer, who has this on the website: Wow!
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The Ultimate Guide to Buying a House in North Carolina
Redfin
JUNE 14, 2023
The city’s diverse neighborhoods offer a range of affordable suburbs , from historic districts like Fisher Park to modern developments in the suburbs. This includes paying closing costs, signing the mortgage documents, and obtaining homeowner’s insurance.
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How to Write Inspiring Real Estate Listing Descriptions
McKissock
SEPTEMBER 27, 2021
recent renovations (appliances, doors, floors, etc.), Offer 100% of the buyer’s closing costs for a limited time. Steven has served as Associate Editor for a real estate magazine and is the author of a 104-page e-book on How to Buy, Develop, Lease, and Sell Real Estate. Offer seller financing.
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A Guide to Selling a Fire-Damaged Home
Realty Biz
MARCH 6, 2023
Realtors say that selling your home as-is could be less expensive than repairing or renovating it. Real estate investors specialize in buying houses that require extensive renovations or repairs. By doing so, they can renovate houses like yours for less money. You might decide for yourself which option is better.
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This Is How To Profitably Find Houses To Flip In 2023
Kyle Handy
JANUARY 20, 2023
You want to purchase a property from someone who needs to sell it at a fair value and then renovate it using your knowledge, skills, and connections. But they should be part of your overall marketing campaign rather than a significant way to develop house-flipping leads. Usually, you’re looking to provide a necessary service.
5 of the Top We Buy Houses For Cash Companies in New Jersey
HomeLight
AUGUST 24, 2022
Lauderdale, but they can’t make renovations on their aging row house. In the years since then, the company developed a mission to revitalize both homes and communities. Closing dates are set at the seller’s discretion, and they can have cash in hand within 7 days. Closing costs: No closing fees for sellers.
A Guide to Selling a Fire Damaged Home
Realty Biz
JANUARY 2, 2023
Realtors say that selling your home as-is could be less expensive than repairing or renovating it. Real estate investors specialize in buying houses that require extensive renovations or repairs. By doing so, they can renovate houses like yours for less money. You might decide for yourself which option is better.
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Affordable housing inventory is limited due to foreclosure prevention efforts
Housing Wire
MAY 8, 2023
Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.”
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How to Find (And Qualify For) a Build Your Own House Program
HomeLight
JULY 31, 2020
You can fill out an application by contacting your local rural development office. The funds can be used to build, repair, or renovate an existing dwelling. They have to cover closing costs (around $4,500 to $5,000), plus a down payment for the house itself ($600). Section 502 direct loan.
Planning a Remodel? Know Your Home Renovation Loan Options
HomeLight
JANUARY 29, 2021
But rather than draining their savings, most homeowners opt to finance their home home improvement with credit or a home renovation loan. If you’re considering taking out a home renovation loan to spruce up a powder room or gut the kitchen, we’ve got you covered. An overview of home renovation loan options.
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Opinion: Can tech and iBuyers fix the real estate market?
Housing Wire
MARCH 28, 2022
Proprietary analytics and external data sources, backed by a microservice architecture that connects them all via APIs, can feed optimized recommendations and assessments for any part of the sale — valuation, tax, credit score, loan rating, insurance rating, title and closing costs.
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We Answered Your Top 12 Questions About First Time Home Buyer Loans (In Exquisite Detail)
HomeLight
DECEMBER 30, 2021
The Federal Housing Administration (FHA) is a component of the United States Department of Housing and Urban Development (HUD), and FHA loans can offer big advantages for first-time buyers. Are there renovation loans for first-time home buyers? Namely, down payment amounts as low as 3.5% plus more accommodating credit qualifications.
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Buying REO Homes? Here’s What to Do — And What Not to Do — According to Experts
HomeLight
AUGUST 16, 2021
So how can you develop that skill that makes the pros so confident — and drives major return on investment? So find out who is listing the current REOs and work on developing a relationship with this person or company.”. There is never a perfect investment situation.
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Selling a Home at Auction: Pros, Cons, and How to Get Started
HomeLight
SEPTEMBER 15, 2022
Experienced investors and developers are often present at these trade-offs, making it easier to deal with problem properties,” he says. What does it cost to sell a home at auction? House flippers : These investors buy homes in need of repair, renovate them, and then sell them quickly as turnkey properties.
Find Cash Home Buyers in Los Angeles for a Fast, Simple Sale
HomeLight
MARCH 13, 2023
This includes the time it takes to sell the property, taxes on the property during the holding period, any necessary services (such as routine pool service), and costs associated with selling the remodeled property, such as closing costs and real estate agent commissions.
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The Rent vs. Sell Debate: Are You Landlord Material, or Should You Cash Out?
HomeLight
DECEMBER 31, 2020
Greg Kurzner , a leading real estate investor in Atlanta, bought and renovated a home in Stone Mountain, Georgia a few years ago. After commissions and closing costs, he profited about about $85,000. Rental demand can also spike in communities with booming job growth or new developments. Bad renters turn investment sour.
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Get Your Own Slice of the Big Apple: Buying a House in Manhattan
HomeLight
APRIL 19, 2021
Closing costs can range from 2.5% Painting and refacing cabinets in your new home are doable, but if you’re eager to make bigger home improvements after your purchase, know that many buildings only allow a few units to be renovated at a time. One-bedroom apartments in co-ops can start at $700,000 in co-ops compared to $1.2
How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties
HomeLight
AUGUST 31, 2021
Again, the timeline varies by state, but this typically begins three to six months after the first missed payment , according to the Department of Housing and Urban Development (HUD). With the help of our veteran agents, we developed several must-follow steps to make the process as simple as possible.
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Find Cash Home Buyers in Orlando for a Fast, Simple Sale
HomeLight
MARCH 13, 2023
With the strong Florida sun shortening the lifespan of roofs and air conditioning systems, costly renovations may be necessary. A cash buyer relieves them of the headaches of renovating and listing the property. As concrete foundations settle on sandy soil, houses may develop settlement cracks and other foundation issues.
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How Much Down Payment Should I Have as a First-Time Home Buyer
Realty Biz
JANUARY 11, 2023
For example, if you purchase a home that costs $200,00 and put down 10%, you'll need to come up with $20,000. Paige Schulte Realtor and Digital Marketer says : Buyers should plan on saving funds for closing costs (around 2-3% of purchase price) plus a downpayment. Closing Costs. FHA 203(k) Renovation Loan.
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Flipping Houses in Ohio? 5 Cities to Consider
HomeLight
FEBRUARY 24, 2023
After all, someone needs to buy that house you’ve just renovated , and your chances of a quick sale — at a desirable price — are much higher in a location where people want to live. Jenkins also notes that now is a great time to buy and hold a property — as opposed to renovating a house and selling it immediately. “I
What Costs Are Involved in Selling My House?
HomeLight
JULY 12, 2022
1,000 on closing costs (such as deed preparation, mortgage satisfaction fees, attorney fees, wiring fees, any local municipality fees, etc.,) closing costs. moving costs. Repairs and renovations. Research shows sellers usually recoup about 50% to 70% spent on major renovations. commissions.
A Guide to USDA Loans: A 0% Down Payment, Low-Interest Mortgage More Homebuyers Should Consider Now
Realtor.com
NOVEMBER 28, 2022
They can be used to purchase townhouses as well as single-family homes, fund new construction , or renovate an existing home. Repair/renovation loans and grants. Lower closing costs and other fees: Another major savings opportunity are low origination fees if working with a USDA-approved lender. Must be a U.S.
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A 2023 Guide to Flipping Houses in Georgia: 5 Cities to Consider
HomeLight
JANUARY 19, 2023
Flipping houses has never been a more desirable pursuit, no doubt thanks in part to the vast popularity of home renovation shows. Develop your budget A budget that takes into account all repairs, fees, and the unexpected is a key piece to successfully flipping a home. During this time, 12.9% But, how do you account for the unexpected?
Tips for Maximizing Success in Real Estate Investing
Realty Biz
DECEMBER 3, 2023
Be familiar with the average cost per square foot of houses in an area and the potential rental income for a property. Make renovations that add value and appeal to the prospective buyer. There are also those who fail to account for closing costs, insurance, or utility expenses, leading to financial losses on their investment.
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Flipping Houses in Massachusetts: 5 Cities to Consider
HomeLight
FEBRUARY 24, 2023
As home renovation shows have skyrocketed in popularity in recent years, so too has the business of flipping houses. After all, someone needs to buy that house you’ve just renovated , and your chances of a quick sale — at a desirable price — are much higher in a location where people want to live.
Flipping Houses in New York: 5 Cities to Consider
HomeLight
MARCH 10, 2023
The successful flippers are the ones who have developed good relationships with contractors to keep them honest.” Develop your budget A budget that takes into account all repairs, fees, and the unexpected is a key piece to successfully flipping a home. You can save money by doing some of the work yourself, of course.
Should You Flip a House in 2023? Well, It Depends
HomeLight
NOVEMBER 30, 2022
Costs vary based upon what the home needs and what you plan on updating, the area you live in, labor costs for contractors and landscapers, and more. Don’t forget to include the following costs in your budget: Down payment and lender fees. Closing costs. Develop your budget. Renovation time.
Real Estate Return on Investment: What It Is and How to Maximize It
HomeLight
NOVEMBER 18, 2021
If you are intending to buy a house for the purpose of fixing it up and selling it, then it would be helpful to buy a fixer-upper in a neighborhood that is on the upswing so that you can hopefully find a buyer willing to pay a premium price for a renovated property. “If Initial investment: $210,000 (cash purchase and closing costs).
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A Homebuyer’s Ultimate Guide to Rent-to-Own Homes: Everything You Need to Know in 2022
HomeLight
JUNE 13, 2022
You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought. Don’t forget about closing costs!
A 2023 Guide to Flipping Houses in California: 5 Cities to Consider
HomeLight
FEBRUARY 9, 2023
Develop your budget A budget that takes into account all repairs, fees, and the unexpected is a key piece to successfully flipping a home. Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. But, how do you account for the unexpected? Once the property is yours, there’s no time to waste!
Flipping Houses in Florida: 5 Cities to Consider
HomeLight
FEBRUARY 24, 2023
At some level, you’re going to need to have a skill set of your own to see the project through to the finish and be able to make your own valuations upfront for what the house is going to be worth when you’re done, and how much it’s going to cost to renovate. But, how do you account for the unexpected?
10 Steps for Navigating the New Construction Home Buying Process
HomeLight
JULY 31, 2020
Worse yet, you could be purchasing a renovated house with unpermitted work , which can open up a whole other can of worms. When you buy an existing home, you should expect to spend a pretty penny to renovate the kitchen ( Home Depot estimates a “minor” remodel averages $20,80, and a “major” remodel averages $62,200).
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Can You Sell a House with Code Violations? Here are Your Options
HomeLight
DECEMBER 23, 2021
DIY home repairs and renovations will almost surely have code violations. Most cities and municipalities adopt a set of universal building codes for residential construction that are developed and updated by the International Code Council (ICC), collectively referred to as the International Residential Code (IRC). Request Cash Offer.
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When to Sell Your House: 8 Questions to Ask
HomeLight
JULY 28, 2022
Closing costs. Besides your remaining mortgage balance, closing costs include utilities, HOA fees, taxes, commissions, and more. Our Closing Costs Calculator can provide an estimate of these costs in your area, but figure on about 5%-10% of the home sale price. Is your home in shape to sell?
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Find Cash Home Buyers in Austin for a Fast, Simple Sale
HomeLight
MARCH 13, 2023
When you work with a reputable cash home buyer in Austin, you’re likely going to appreciate a smooth experience from offer to close. Many house-buying companies will also pay your closing costs. Drive around your neighborhood to find homes being renovated. No additional fees: No agent means no commission.
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Flipping Houses in Texas: 5 Cities to Consider
HomeLight
FEBRUARY 24, 2023
There’s an opportunity to do renovations differently than most other house flippers in Texas. If you’ve watched any amount of home renovation television, you may have thought that flipping houses looks and sounds fun. Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule.
Here’s How You Can Become a Homeowner With A Zero-Down-Payment Mortgage
HomeLight
JUNE 30, 2021
“You can walk in without [taking] any money out of your pocket,” says Richard Helali, mortgage sales leader at HomeLight Home Loans (though note that you may be responsible for some closing costs, depending on your situation). Closing costs usually equal between 2% and 5% of the loan amount. Sellers can pay closing costs.
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