Marco Santarelli

APRIL 20, 2024

New Construction: While not a major short-term solution, an increase in new home construction activity could eventually contribute to a more balanced inventory level. The overall supply is likely to remain below pre-pandemic levels. However, competition might still exist, especially for desirable properties.

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Marketing Pre-approval Fixed-rate mortgage New Construction 105

Marco Santarelli

MAY 7, 2024

This could be good news for potential buyers, making homes more affordable. However, it could also create instability in the housing market, impacting everything from construction to real estate agent commissions. Builders may be hesitant to start new construction projects if they anticipate a decrease in demand.

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Mortgages Pre-approval Construction New Construction 52

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. This regional variation underscores the complexity of the housing market and the need to avoid sweeping generalizations.

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Mortgages Marketing Equity Pre-approval 103

Realty Biz

SEPTEMBER 23, 2023

Understanding the mortgage process, including prequalification and pre-approval, is also essential. Buyer agents can provide valuable support in various situations, such as buying a new home or purchasing a foreclosure. It is essential to prepare for the mortgage pre-approval process.

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Purchase and sale agreement Pre-approval Agents Pre-qualification 73

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

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Windemere Buying

MARCH 29, 2023

A new construction home, however, has no previous owner; it comes brand new. Learning about the new construction buying process will help you understand how it differs from other types of housing, such as existing single-family homes, townhouses, condominiums , etc. What is a new construction home?

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Realty Biz

AUGUST 29, 2023

Building a new house can be both exciting and overwhelming. We will provide the best tips to ensure a smooth construction process. Before starting, one of the most vital things to consider is how much it costs to build a new home. Buying new construction can be exciting but quickly become a nightmare.

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Construction Inspection Design Land 93

Toronto Realty Blog

APRIL 27, 2022

Some topics linger like a stale listing and others disappear faster than that agent who asked about potential bully offers but whom you never heard from again… Then again, some real estate news only makes headlines when it’s in the second or third iteration of the original story. Few of you, I’m sure. I think so!

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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.

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New Construction Construction Pre-approval Inspection 87

Louisville Homes

SEPTEMBER 9, 2022

If you plan to get a loan, make sure that you get your pre-approval before you start looking. Even with new construction , it always pays for a buyer to have their own Realtor. One of the best pieces of essential real estate advice is to create your plan. A part of this plan is establishing your price range.

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Due diligence Pre-approval Inspection New Construction 52

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. This can open the possibility of buying new construction which is expected to focus mostly on houses larger than 2,000 square feet.

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Pre-approval Mortgages New Construction Loans 99

Marco Santarelli

NOVEMBER 3, 2023

New construction is increasing. The number of new homes permitted in Midland has increased by 15% year-over-year in the first nine months of 2023. They should also have a pre-approval letter in place so that they can move quickly on an offer. Investors are snapping up homes. This is up from 18% last year.

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Marketing Pre-approval Investor Sales 80

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. Tips for Sellers: . Tips for Buyers: .

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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.

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Agents New Construction Purchase and sale agreement Construction 127

Housing Wire

MAY 10, 2023

It shows about 50 people waiting in line at an open house in Mount Laurel, New Jersey. In much of suburban New Jersey, where new construction is rarer than cheap Bruce Springsteen tickets, the pandemic-era conditions never left. The house ended up having five offers and sold for $50,000 over ask.

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Loan Officer Pre-approval Marketing New Construction 382

Toronto Realty Blog

SEPTEMBER 23, 2022

Condominium cancellations were rampant in the pre-construction industry and people were starting to get pissed. Pace Developments informed her it’s cancelling their agreement from March 7, 2020, and returning Palma’s deposit even as construction on the walk-up condos continues. I mean, people were always pissed.

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Construction Purchase and sale agreement Industrial Development 59

Zillow Market Reports

NOVEMBER 22, 2023

In this report, we take a deeper look at new construction buyers — household decision makers that own their primary residence and moved to a new construction home they purchased in the past two years. Sampling & Weighting Results from this survey are nationally representative of new construction buyers.

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New Construction Construction Pre-approval Finance 52

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?

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Realtor.com

DECEMBER 8, 2022

Can’t-miss tip: Many homebuyers pass over the importance of getting pre-approved for a mortgage before starting a house hunt. Buying a New-Construction Home: Pros and Cons All Homebuyers Should Know. Can’t-miss tip: Buyers can shop around for competitive mortgages just as they would for pre-existing homes.

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Pre-approval New Construction Inspection Construction 126

Keeping Current Matters

FEBRUARY 24, 2021

There’s no doubt many sellers would love to build a new home to perfectly fit their changing wants and needs. If the seller sells their home, where would they live while their new home is being constructed? Perhaps you need time to get permits or approvals for certain upgrades you made to the house. Bottom Line.

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Real Trends

FEBRUARY 27, 2023

New build sales reps can be a goldmine , especially in medium-priced and luxury new construction communities. This means they know who has a home to sell before they can close on the new one! New build sales reps can also tell you which homes are about to fall out of contract. Aim for five relationships like this.

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Marketing MLS Pre-approval Home sale contingency 94

Real Trends

DECEMBER 12, 2022

I have clients who have been approved for a mortgage on a $200,000 property, but as rates have increased, they are now unable to afford what their monthly payment would be,” Stacy Pulliam, an Augusta, Georgia-based eXp Realty agent, said. “It Prediction 3: New construction will focus on multifamily rental properties.

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Redfin

JULY 10, 2023

Reach out to a few mortgage lenders to get a pre-approval so you can gain insight into your financing options and other costs you may need to consider. Do you want a new construction home or an older property with character? New construction properties in areas with higher rated schools are almost non-existent these days.

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RIS Media

DECEMBER 10, 2020

A majority of these moves are likely to be permanent, with nearly three out of four consumers who have moved or planning to move to take advantage of remote work opportunities reporting they will not return to their pre-pandemic residences. Only 17 percent of respondents indicated little change from pre-COVID-19 behavior. .

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Pre-approval New Construction Industrial Construction 81

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.

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Pre-approval New Construction Agents Development 98

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.

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Marketing Pre-approval Equity New Construction 89

HomeLight

MARCH 13, 2023

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. No pre-qualifying for a loan. iBuyers see opportunity in Austin. There’s less uncertainty.”

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Sales Investor House Flipping Pre-approval 71

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.

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HomeLight

MARCH 21, 2023

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. Get pre-approved to save time once you find the house you want. Select a mortgage company to work with.

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Agents Pre-approval Closing costs Sales 90

HomeLight

FEBRUARY 3, 2022

It’s also good practice to screen buyers for pre-approval or proof of funds before they view the home to cut back on useless showings. To make things easier, develop a pre-showing routine that you can execute with muscle memory. With advanced planning, new construction is another option. “If

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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. The key requirements are: The home has to be at least one year old (no new construction). Completed repairs must be inspected by a HUD-approved inspector.

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Loans FHA loan Pre-approval Finance 84

Housing Wire

MARCH 22, 2024

Get pre-approved with a local lender. Yes, many buyers will hop online and get a generic pre-approval letter. Yet they’ll be unable to because they aren’t pre-approved for that amount. Even new construction properties have flaws, and buyers need a complete picture of the property they’re buying.

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Marco Santarelli

AUGUST 17, 2020

Zillow Home Loans, Zillow’s affiliated lender, provides mortgage pre-approval and financing. MLS.com also features real estate news, common real estate questions and answers, real estate classes, mortgage information, and a mortgage calculator. Best Real Estate Website – NoradaRealEstate.com. Pic Credits: Auction.com.

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HomeLight

DECEMBER 14, 2021

has been experiencing a nationwide inventory shortage as the result of new construction hurdles and low interest rates, it’s more likely that you’re in a seller’s market than buyer’s market. Ensure any buyer who books a tour is pre-approved for a mortgage or has proof of funds. Because the U.S.

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Staging Agents Proof of funds Pre-approval 80

Dwell Real Estate

JULY 1, 2020

June 2020 15719 SEATON PLACE, BRADENTON Sold By: James Tassell | Built Price: $559,892 New Construction by Lennar/WCI Communities in Country Club East at Lakewood Ranch. 601 17TH AVE E, PALMETTO Sold By: Cathy Loeppke | Built Price: $567,640 New Construction, Correggio Model built by Lennar/ WCI Communities in Sanctuary Cove.

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HomeLight

FEBRUARY 28, 2021

Portland is a “weathered” city with a home stock that’s relatively old, so the city’s low rate of new home constructions could be concerning if you’re not the fixer-upper type. If you’re chasing new constructions, getting into Portland’s outskirts is usually the strategy.

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Inspection Pre-approval Renovation Development 63

HomeLight

NOVEMBER 21, 2022

Gila adds that FSBO sellers should list their home at fair market value , especially when competing with new construction in South Carolina that offers high incentives for buyers as well as real estate agents who provide Realtor® bonuses and buy-down interest programs or closing costs paid by sellers. Require everything in writing.

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Purchase and sale agreement MLS Pre-approval Agents 77