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Reverse purchase financing: The financing option no one is talking about

Housing Wire

For real estate professionals, this option presents an opportunity to capture more sales. Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans. Yet staggeringly few are aware of its existence. What is reverse purchase financing?

Finance 449
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Despite a drop in mortgage shoppers, opportunities are out there: report

Housing Wire

In times as tough as these, mortgage lenders must be proactive in borrower outreach and find consumers’ home finance needs if they’re going to close a deal, a new report by mortgage relationship data company Sales Boomerang concludes. Rocket launched a similar product in September.

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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

Home prices have remained stubbornly high , and there’s tens of billions of dollars in homes for sale beyond the conventional loan limits set by Fannie Mae and Freddie Mac. It comes at a time in which the housing market favors buyers and seller concessions become more frequent. Jumbo loan volume increased 3.1%

Mortgages 393
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Let’s Make a Deal! 7 Things You Can Negotiate When Buying a Home—Beyond the Asking Price

Realtor.com

But it’s not the only negotiable part of the sale—there are plenty of other ways to haggle aside from list price. “In In most parts of the country, sellers often have multiple bids right now,” says Danielle Samalin , CEO of Framework Homeownership. “In Just remember: It’s not a given that the sellers will be willing to budge.

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17 Tips to Sell Your House in a Down Market

HomeLight

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. When a market turns down, and the number of buyers decreases, knowing every potential issue that could affect the sale of your home can be important.

Marketing 107
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14 Mistakes to Avoid When Selling a House in a Recession

HomeLight

When you overprice your home, especially during a recession, it’s one of the biggest mistakes that a seller can make. Overpricing leads to future price reductions , which can stall your home sale and place a stigma on your property listing that can act as a scarlet letter to buyers. How Much Is Your Home Worth Now? Get Estimate.

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How to Sell a House By Owner in Alabama

HomeLight

When the time comes to move, some tenacious homeowners are eager to take over the reins of their home sale and figure out how to sell a house by owner in Alabama. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 68