Remove Construction Remove Equity Remove Finance Remove Short sale
article thumbnail

Is a Housing Market Crash Possible in 2021?

RIS Media

With the real estate market experiencing surging prices, scant inventories and a backlog of new home construction, many consumers are wondering if what’s gone up must come back down—in other words, are we headed for another housing market crash? 3: Most Homeowner’s Cushion—Equity. Let’s take a closer look. Factor No.

Marketing 126
article thumbnail

Building a Guest House 101: Get Your Accessory Dwelling Unit Up and Running

HomeLight

The base costs for permits, design, utility connection, plumbing, and construction raise the project price before square footage even comes into play. With prefab, you skip the stress and financial unpredictability of construction. Secure financing and project return on investment. Garage conversion. Prefabricated and modular.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Should You Flip a House in 2023? Well, It Depends

HomeLight

Home improvement shows have popularized the concept of “flipping” houses, bringing this segment of the real estate industry into the living rooms of everyday Americans, even inspiring some to take on the challenge of buying a home needing TLC, updating the home with old-fashioned sweat equity, and selling for a nice profit. Rent or sell.

article thumbnail

Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

Financing contingency Sometimes called a mortgage contingency , this specifies that the deal hinges on the buyer securing their loan. Considering that 78% of recent buyers financed their home purchase, this contingency is fairly standard. Closed”- Consider these listings sold. How does a listing status get changed?

MLS 90
article thumbnail

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

The Close

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Construction loan. A short-term loan that covers the cost to build a property until the owner can secure long-term financing. Certificate of eligibility. Contingency. Down payment.

article thumbnail

Will the Housing Market Crash in 2022 or 2023?

Marco Santarelli

Those who are struggling may decide to sell their houses, maybe even at a profit, rather than allow them to be lost to foreclosures and short sales. Some no longer qualify for mortgages big enough to finance the purchase of the type of home they desire. However, the current market has only 3.0 months of supply (up from 2.5

Marketing 106
article thumbnail

A 2023 Guide to Flipping Houses in California: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Financing your flip in California Purchasing a home to flip with cash is almost always going to be in your best interest — however, not all investors have that kind of funding.