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Massachusetts set to bar home sellers from requiring inspection waivers

Housing Wire

Massachusetts homebuyers will soon be protected from being pressured into waiving home inspections under new regulation. It also prevents sellers from accepting offers if they are informed in advance that the buyer intends to forgo an inspection. The regulation takes effect for home sales that close after Oct.

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MBA: Home equity debt rose 10% in 2024 — signaling it as a ‘product of choice’

Housing Wire

Total originations of open-ended home equity lines of credit ( HELOCs ) and closed-end home equity loans increased in 2024 by 7.2% “For example, just 50% of home equity applications are closing, and turn times are averaging 39 days. from the previous year, when comparing originators that reported in both years. billion in 2023.

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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Though most commonly thought of for residential deals, real estate agents can also help people buy, sell or rent commercial properties, land and more. An agent may also be present at closings to review closing documents and help guide their client through the final steps. How do real estate agents get paid?

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How to Invest in Real Estate: A 7-Step Beginner’s Guide

The Close

While The Close likes to keep our articles short, this topic needs a bit more explanation, but trust us, it will be worth your while. years on a residential investment or 39 years on commercial property, I’m subject to paying the depreciation recapture. Hire a home inspector and get a thorough inspection report.

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How to Buy a Multifamily Property in 10 Steps

The Close

Simply put, it’s a residential building with more than one unit designed to house multiple families. When looking into your finances, consider the following factors: Closing costs: These are generally 2% to 5% of the property’s sales price and include lender fees, title insurance, property insurance, and property taxes.

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How to Buy Land in 8 Steps: A Guide for Investors

The Close

This article breaks down seven steps to help you learn how to buy land—covering everything from the pros and cons to financing and closing the sale. Inspect the land: Take a stroll on the property—bring your favorite boots. Let’s get into it! This prep work helps you score a great deal and dodge any potential hiccups.

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How to Sell My House Fast in New Britain, CT: Cash Offer Options

HomeLight

Receive your offer in 24 hours and close in as few as 10 days. You can pick your move-out date and close the sale in as few as 10 days. After accepting, you can close quickly theres no waiting for mortgage approvals or inspections like in standard home sales. No showings, no repairs, no open houses.