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How to Flip a House: A Beginner’s Step-by-Step Guide

Point2Homes

Look for properties in up-and-coming neighborhoods or in residential areas that are in high demand. Distressed properties or fixer-uppers may be cheaper but can pack higher renovation costs. Remember to factor in not just the price of the house but also renovation costs and carrying costs such as taxes, insurance and utilities.

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Home Appraiser vs. Home Inspector: What’s the Difference When Selling a Home?

HomeLight

And, even a home built with quality construction can fall into disrepair over decades or within an instant after a catastrophic weather event or other event tests or compromises its integrity. In addition, the Appraisal Institute offers advanced credentialing such as MAI, SRPA, SRA, AI-GRS, and AI-RRS designations in residential real estate.

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Selling a Home at Auction: Pros, Cons, and How to Get Started

HomeLight

Mike McClung, a home construction expert and CEO of Integrity Cash Home Buyers in Norfolk, Virginia, notes that many of the homes that go to auction are foreclosed properties. Your home will be visible to pre-qualified, serious buyers. Greater competition among buyers, which can lead to a sale price higher than market value.

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Loaded With Potential: The Background, Benefits, and Drawbacks of Shotgun Houses

HomeLight

Originally, shotgun houses were only one story tall, but as families grew and residential life changed, some homeowners added space vertically. Greek Revival: Porch columns and angular roofs create a pre-colonial style that can make shotgun houses feel grander in scale. Source: ( Martin, Robert / Public domain via Wikimedia Commons ).

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21 Features That Can Negatively Affect Your Home Appraisal

HomeLight

The appraisal is a crucial step in the closing process; your home must appraise for equal to or more than the sale price for the buyer’s lender to approve their mortgage. Poor quality construction. Ford shares an example: “In California, pre-1978 and pre-1992 housing were of lower quality. Damaged roof.

FHA loan 104
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How New Legislation Could Kill Condominium Construction

Toronto Realty Blog

The City of Toronto is the first city in Ontario to implement inclusionary zoning which will require certain new residential developments to include affordable housing units. The 2022 federal budget has the potential to create a huge upheaval in the market for pre-construction condominiums. By: Bob Aaron. The Toronto STAR.

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Monday Morning Quarterback: Olivia Chow’s $0 Housing Plan

Toronto Realty Blog

.” But Mayor Olivia Chow didn’t want to upset all property owners with a large property tax increase, so instead, she only upset some property owners… “Toronto Council Approves New Measures To Deal With Grim Financial Situation.” Oh, there are so many things to read into here! ” I did, okay.