Marco Santarelli

MAY 12, 2025

If you've been watching from the sidelines, wondering if things will ever change, listen closely. A Gentle Dip in Sales: Closed sales for existing single-family homes in March 2025 were down 1.3% Others might be experiencing a slowdown in retiree demand or an increase in new construction finally catching up.

Marketing

The Close

JULY 28, 2025

Portfolio lenders can be an excellent financing option if you’re looking for a source of funding that you can’t get anywhere else, whether it’s because you can’t get approved, or you’re just flat out looking for uncommon terms. You see, portfolio lenders retain loans in-house so they don’t have to worry about third-party requirements.

Pre-qualification

Marco Santarelli

MARCH 22, 2025

Sellers in Overbuilt Markets: Areas with an oversupply of new construction or apartments may experience price declines and longer listing times. If you're considering buying a home in this market, here's my advice: Get Pre-Approved: Know exactly how much you can afford before you start looking. What's a Buyer to Do?

Marketing

Marco Santarelli

MARCH 13, 2025

This increased demand hasn't yet translated into closed sales, but the data clearly shows that more people are actively looking at homes. My advice is to do your research, get pre-approved for a mortgage, and work with a knowledgeable real estate agent who can guide you through the process.

Mortgages

Marco Santarelli

MARCH 26, 2025

If so, you're probably keeping a close eye on mortgage rates. The good news is, lower mortgage rates help push new-home sales higher , and we've seen a bit of that recently. Inventory: A Mixed Bag One of the reasons new-home sales are getting a boost is the lack of existing homes available for sale.

Sales

Rochester Real Estate

NOVEMBER 5, 2015

The best new construction advice is to ask to review the warranty early on. Importance of builders’ warranty when buying a new home A builder’s warranty is essential when purchasing a new or recently constructed home. Doing so can ensure a smooth process and the best chance of approving your claim.

Purchase and sale agreement

Redfin

JUNE 17, 2025

In this case, Sarah and James were bumped from the contract, and the home went to a buyer better positioned to close quickly. Time to prepare: a bumpable status gives you a window to get pre-approved and prepare a strong offer. Bumpable offer vs. sale pending: what’s the difference?

Backup offer

Marco Santarelli

FEBRUARY 13, 2025

High Interest: Listings in Manchester received close to four times the typical views on Realtor.com compared to the national average. Even with the increase, the hottest markets had only about half the number of homes for sale in January compared to pre-pandemic levels. Looking Ahead: What's Next for the Housing Market?

Marketing

Redfin

MAY 5, 2025

After closing, homeowners face steep monthly costs mortgage payments, insurance, taxes, and more which have hovered near record highs for months, thanks to the combination of elevated home prices and high mortgage rates. Get pre-approved and move quickly when you find the right home. That’s just the beginning.

Closing costs

Marco Santarelli

MAY 26, 2025

Regional differences are playing a huge role: Region Price Trend Key Factors My Two Cents Northeast Stronger price gains Income growth, severe shortage of homes (Forbes) This region has older housing stock and less new construction, making any available home highly contested. This is where I see the most immediate stress.

Equity

Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. Kurt Carlton, President of New Western. “We do not see new construction returning in a meaningful way any time soon. Our macro-outlook is that demand for housing will remain out of balance with supply for the mid to long term.

Mortgages

Realtor.com

JANUARY 2, 2023

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

New Construction

HomeLight

JUNE 27, 2022

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. However, you want to arm yourself with the tools and insider information so you don’t get too carried away with the new build. The dos of buying new construction.

New Construction

HomeLight

AUGUST 31, 2021

Don’t let the pristine facade or shiny appliances of a model home deceive you: buying new construction will be as complex as any old real estate transaction, if not more so. These are all areas where a knowledgeable buyer’s agent who’s got lots of new-build experience and local builder connections can be invaluable.

Agents

Realtor.com

JULY 9, 2021

The couple lived in a third-floor apartment with their two children in a pre-war building they loved on Manhattan’s Upper West Side. We kept it in the pre-war style of the building, so we maintained its spirit, but everything is modern and new.”. We wanted the apartment to be our own and to reflect what we like,” she said. “We

Pre-approval

Realtor.com

DECEMBER 8, 2022

Well, here’s the thing: While making an offer and closing on a property should make you downright exuberant, the process of getting there generally involves a few tough truths. Can’t-miss tip: Many homebuyers pass over the importance of getting pre-approved for a mortgage before starting a house hunt.

Pre-approval

Realty Biz

JUNE 16, 2023

NewHomesMate enables homebuyers to search, find, compare, and buy new construction homes. The company's declared mission is "to make the process of purchasing a new construction home effortless and enjoyable for our builders and buyers." Step six : Have you been pre-approved by a lender?

New Construction

Realty Biz

SEPTEMBER 23, 2023

They provide services such as guiding buyers through the home buying process, offering expertise in the local market, and assisting with negotiation and closing. Understanding the mortgage process, including prequalification and pre-approval, is also essential. How do you stay updated on new listings and market trends?

Purchase and sale agreement

HomeLight

FEBRUARY 8, 2021

The city of Irvine is famous for its laid-back California Modern homes, breezy Mid-century Modern homes, and a surplus of new construction. Ameerally points out that buyers tend to gravitate toward new construction in the Great Park area. What to expect from the Irvine housing market.

Pre-approval

Marco Santarelli

MAY 11, 2024

Local factors like job markets, industry presence, and the pace of new construction can significantly influence housing trends within a particular state or even a metropolitan area. Additionally, programs that assist first-time homebuyers with down payments or closing costs can make homeownership a more attainable goal.

Mortgages

HomeLight

AUGUST 31, 2021

Only lenders that have been approved by the FHA can offer 203(k) loans. All repairs must be planned, specified, and approved in advance. This includes 1.75% of the loan amount paid at closing, plus additional monthly mortgage insurance payments for the lifetime of the loan. On the downside, 203(k) loans are a lot more work.

Loans

Marco Santarelli

SEPTEMBER 1, 2024

Higher rates can greatly affect monthly payments and overall affordability, making it vital for buyers to pre-qualify for mortgages to ascertain their true budget. With a small-town feel, historical charm, and close-knit community, it provides more spacious homes for families looking to grow.

Marketing

HomeLight

AUGUST 16, 2022

A Pew Research Center analysis of data from 44 advanced economies found consumer prices have risen substantially in nearly all of those countries since the pre-pandemic era. So, to help you navigate in this new world where everything costs more, we’re arming you with the latest information about: what is causing inflation. Mark Rentz.

Marketing

Toronto Realty Blog

SEPTEMBER 30, 2024

compared to Roger Clemens (pre-steroids) who put up a 10.4 But if you’ve been paying close attention to the Toronto real estate market over the last decade, then none of this should come as a surprise. month average waiting time from application to approval is down by 2.4 But his WAR was a paltry 2.9 Think about it.

Pre-approval

Realty Biz

DECEMBER 27, 2021

But to start with, we all know that buyers should be pre-approved and have a solid list of features they can’t live without so they can be decisive and move quickly when they find the right home. If you work full time from home or even mostly from home, you probably don’t need to be close to the office.

Pre-approval

Toronto Realty Blog

APRIL 27, 2022

Daniels will complete the last building of phase 3 (corner of Parliament and Gerrard) but once Tridel starts though, $1600+ PSF for pre con in RP? The “revitalization” of Regent Park was approved by Toronto City Council in 2003. I have no doubt that this “request” will be approved with a rubber stamp.

Pre-approval

HomeLight

MARCH 13, 2023

Receive your offer within a week and close in as little as 10 days. New construction surge contributing to competition for buyers. Certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few, if any, contingencies. The buyer and seller sign the closing documents.

Sales

Marco Santarelli

AUGUST 2, 2020

Let us continue to explore the housing market trends — from pre-COVID-19 days until July. New York is a fairly walkable city in Queens County with a population of approximately 8,174,290 people. percent and closed sales were down 1.1 The third week of June closed with a median sale price of $700,000 for a 3% week-over-week gain.

Marketing

HomeLight

FEBRUARY 3, 2022

You’re waiting for showings, waiting for offers, waiting for your buyer to submit repair requests, and waiting on the lender for the clear to close.”. An all-cash offer removes this specific risk, creating a clearer path to closing. You can sell your house in almost any condition, and close in as few as 10 days. Andrew Robinson.

Staging

HomeLight

MARCH 21, 2023

But prices tend to be lower and buyers can often get eager sellers to offer concessions , such as covering closing costs. In addition, Leonard points out that builders can be incentivized to negotiate to clear new construction inventory at the end of the year, offering deals in December that are no longer available in January.

Agents

Redfin

APRIL 21, 2023

The state has seen a significant increase in new construction, with builders developing homes in both urban and suburban areas to meet the demand for housing. Get pre-approved from a lender Before you start looking for a house in Florida, you first need to pre-approved for a mortgage.

Pre-approval

RIS Media

MARCH 25, 2022

“We are seeing heavy migration patterns from the metro DC/Maryland regions, along the coastal corridor to Northern New England, including Massachusetts, New Hampshire and Vermont,” remarked Masiello. “In New Construction: . Get pre-approved. Be flexible on the closing date. Tips for Sellers: .

Pre-approval

Marco Santarelli

DECEMBER 16, 2024

Ive been watching these trends closely, and honestly, the latest news is a bit sobering. As Fannie Mae also notes, supply is still below pre-pandemic levels. New Home Sales as a Bright Spot: Here's a bit of good news. New home sales are expected to be stronger. This hasn't happened in over a decade.

Sales

Toronto Realty Blog

OCTOBER 15, 2024

It’s not even close. But to suggest that investors “dictate what gets built” is a unique way of describing how condos are planned, approved, built, financed, and taxed in this city. And I’m only now catching up on my weekend reading! The article that made the biggest impact over the weekend, you ask?

Investor

Toronto Realty Blog

MARCH 25, 2022

From the article: The housing crisis in the Greater Toronto Area is at risk of threatening one of the provinces’ most profitable sectors: construction, according to a new report by an industry group calling on local governments to make it easier to plan and approve new housing projects. March 23, 2022. municipalities.

Purchase and sale agreement

HomeLight

NOVEMBER 21, 2022

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. That 6% is deducted from the seller’s proceeds at closing. Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Talia Gila.

Purchase and sale agreement

Marco Santarelli

AUGUST 3, 2024

Common Mistakes: Not Calculating the Total Cost: Ignoring closing costs, property taxes, homeowners insurance, maintenance expenses, and potential unexpected repairs can lead to financial strain down the line. Underestimating Closing Costs: Closing costs are expenses associated with finalizing the purchase of a home.

Closing costs