Keeping Current Matters

FEBRUARY 24, 2021

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory of homes available for sale is down 25.7%. There are 360,000 fewer single-family homes for sale today than there were at this time last year. Bottom Line.

Pre-approval 327

Pre-approval Construction Equity Sales 327

Marco Santarelli

JANUARY 15, 2025

These markets stand out due to their mix of relative affordability, job growth, and a fast pace of sales. Job Growth vs. New Construction: A vibrant job market attracts new residents, but if there aren't enough new homes being built, competition will surge, which can put upward pressure on home prices. N/A 11 days 6 St. A projected 3.2%

Marketing 98

Marketing Pre-approval Sales New Construction 98

Toronto Realty Blog

FEBRUARY 20, 2025

In order to build a condominium in Ontario, the developer will pre-sell units, that don’t yet exist, and when a certain threshold is met (ie. 80%), one of the major banks will finance the project and give the go-ahead to begin construction. ” Don’t even get me started about the price that was paid in pre-construction.

Development 84

Development Purchase and sale agreement Pre-approval MLS 84

Toronto Realty Blog

FEBRUARY 27, 2023

Thank you for taking us back to that place that we all thought we had left for good: pre-construction. about the pre-construction condo industry just as soon as this blog was launched back in 2007. Pre-construction “experts.” I started blogging (ranting?) ” Yeah. Prices are $1,200 now.”

Construction 97

Construction Pre-approval Purchase and sale agreement Development 97

Marco Santarelli

APRIL 23, 2025

Despite some economic uncertainty, new home sales are actually exceeding expectations! Let's dive into the details and understand why this is happening, and what it means for you, whether you're a buyer, seller, or just curious about the new construction home market. increase in new home sales in March. This is a significant 7.4%

Sales 52

Sales Pre-approval New Construction Construction 52

Housing Wire

AUGUST 29, 2022

With gain on sale margins expected to be at around 30 to 60 bps in the third quarter, there’s no question UWM is losing money, analysts said. With the gain-on-sale margin of 99 bps, when you cut 50 bps off of that, you’re in negative territory pretty quick.”. I can get you (borrower) a conditional loan approved in 20 minutes.

Loan Officer 417

Loan Officer Loans Equity Mortgages 417

Toronto Realty Blog

MAY 16, 2022

” This could be in the form of reduced rent, reduced sale price, or the government “buying” the units from the developer. “Budget ’22 May Rattle The Resale Of Pre-Built Condos” Property speculation is targeted in the recent federal budget and has the potential to cause upheaval, writes Bob Aaron.

Construction 105

Construction Purchase and sale agreement Pre-approval Development 105

Marco Santarelli

MARCH 26, 2025

The good news is, lower mortgage rates help push new-home sales higher , and we've seen a bit of that recently. While the increase might not be as dramatic as some hoped, the slight dip in rates combined with limited existing home inventory has given the new construction market a little boost. Specifically, sales jumped 1.8%

Sales 52

Sales Mortgages New Construction Construction 52

Toronto Realty Blog

SEPTEMBER 19, 2022

I have been perhaps the harshest critic of the pre-construction condominium industry in Ontario over the past two decades. Some of you, reading this, have made money in pre-construction. I think I grew so disenfranchised with writing about the perils of pre-con that I finally stopped. I have no doubt about that.

Construction 98

Construction Industrial Purchase and sale agreement Pre-approval 98

Toronto Realty Blog

MARCH 1, 2023

These are in no particular order, other than what I think of when I really question why a condominium project might be canceled in Toronto… – 1) Zoning and approval. Remember, developers can start pre-sales before they have a final design or approval, and of course, they can always change the design.

Construction 97

Construction Bankruptcy Pre-approval Purchase and sale agreement 97

Realtor.com

JANUARY 2, 2023

While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. With that in mind, we’re here to set the record straight on some easily busted new-construction myths that just won’t quit. New construction homes are more expensive.

New Construction 105

New Construction Construction Pre-approval Inspection 105

Marco Santarelli

NOVEMBER 14, 2024

Look at recent sales data, inventory levels, and economic indicators. Get pre-approved for a mortgage: Knowing how much you can afford will help you avoid overspending on a home. New construction: An increase in new homes can put downward pressure on prices.

Marketing 110

Marketing Pre-approval Mortgages New Construction 110

Realty Biz

MARCH 28, 2022

Sales of new homes dipped in February amid shortages of both building materials and labor. While demand from buyers remains high, builders are struggling to add more inventory of new home sales. The good news is that new home sales are still above pre-pandemic levels. New home sales also increased by 6.3%

Sales 102

Sales Pre-approval Construction Development 102

Marco Santarelli

FEBRUARY 28, 2025

Faster Sales: Homes may sell more quickly, so be prepared to act fast if you find a property you like. I believe, and I have seen, that we need more innovative solutions, such as increasing density in transit-oriented areas and streamlining the permitting process for new construction, to address the affordability crisis effectively.

Marketing 92

Marketing Pre-approval Land Staging 92

Marco Santarelli

MARCH 20, 2025

Limited inventory: When there are fewer homes for sale than buyers wanting to buy, demand increases, and homes sell faster. As per reports, the East Coast markets have not yet recovered to pre-pandemic levels, which keeps the market pace snappy. Several factors contribute to the speed at which homes sell in a particular area.

Pre-approval 52

Pre-approval New Construction Marketing Inspection 52

HomeLight

FEBRUARY 12, 2021

As a seller, you’re usually not taking on additional risk by accepting an offer from a buyer pre-approved for an FHA loan than you would with a buyer pre-approved for a conventional loan. Defective paint surfaces in homes constructed pre-1978. A low appraisal is more likely to jeopardize the sale.

FHA loan 111

FHA loan Loans Pre-approval Pre-qualification 111

Marco Santarelli

MAY 12, 2025

This isn't just wishful thinking; it's backed by data showing a broader market “normalization” across the Sunshine State, with more homes for sale and a gentle easing of those sky-high prices. Inventory Growing: With more homes being listed, the total number of homes for sale (active inventory) is also up. months supply.

Marketing 95

Marketing Due diligence Pre-approval Sales 95

Redfin

JULY 7, 2025

Whether you’re looking at homes for sale in Denver , or touring houses in Seattle , this Redfin house hunting checklist will help you choose the perfect home for you. Here’s where to start: Get pre-approved for a mortgage. Listen for nearby traffic, construction, or airport noise. Is the home for sale “as is”?

Pre-approval 55

Pre-approval Inspection Renovation Development 55

Toronto Realty Blog

DECEMBER 1, 2023

TorontoRealtyBlog On Wednesday, I took a look at the pre-construction condominium market in Toronto and how prices and those sweet builder “incentives” look this fall. Today, I want to continue the pre-con theme and present you with a story that I’ve been holding on to for about a month now. There was no catch.

Pre-approval 97

Pre-approval Pre-qualification Development Construction 97

The Close

NOVEMBER 12, 2024

This article breaks down seven steps to help you learn how to buy land—covering everything from the pros and cons to financing and closing the sale. Many construction projects nationwide have building moratoriums in place due to potential code violations or environmental concerns. Let’s get into it!

Land 98

Land Investor Finance Development 98

RIS Media

OCTOBER 22, 2020

– New Homes: New homes that are under construction may have buyers that fall through. If the listing agent is allowed to disclose the other offers, make sure to obtain written approval from the seller before discussing this. Joe Sesso is director of Sales and national speaker for Homes.com. This is not the case.

Earnest money deposit 124

Earnest money deposit Pre-approval Marketing Proof of funds 124

Marco Santarelli

FEBRUARY 17, 2025

Construction hasn't been able to keep up with job creation, tightening the market considerably. New Construction Lag: The construction industry is struggling to keep pace with the demand, as Zillows chief economist Skylar Olsen pointed out. Faster Sales: Homes are likely to sell quickly, so you need to be prepared to act fast.

Marketing 52

Marketing Construction New Construction Pre-approval 52

Marco Santarelli

APRIL 20, 2024

Rising interest rates have cooled buyer enthusiasm, leading to slower sales and questions about the future. Experts offer some insights into what's on the horizon for housing inventory : Gradual Increase Expected: Many analysts predict a gradual increase in available homes for sale over the next two years.

Marketing 105

Marketing Pre-approval New Construction Fixed-rate mortgage 105

Rochester Real Estate

NOVEMBER 5, 2015

Factors such as earnest money deposits, loan approvals, and real estate agent involvement should be considered. Begin by confirming your loan approval and securing a complete and documented pre-approval from your lender. (585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P.

Earnest money deposit 52

Earnest money deposit Pre-approval Purchase and sale agreement Pre-qualification 52

Realty Biz

MARCH 30, 2023

Documentation and the Pre-Approval Process Pre-approval is a must for anyone looking to purchase a home. Be sure to have all of your documentation in order and ready to go before starting the pre-approval process. that may help you get approved with favorable terms.

Mortgages 101

Mortgages Pre-approval Pre-qualification Due diligence 101

HomeLight

MARCH 13, 2023

Do you need to connect with cash home buyers in Austin for a fast sale? With so many people relocating to the Texas state capitol, there’s a need for housing – and there are plenty of cash home buyers in Austin to help sellers who need a quick sale. New construction surge contributing to competition for buyers. city in 2022.

Sales 95

Sales Investor House Flipping Pre-approval 95

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. And if you thought buying new construction without an agent would save you a few bucks in commission, think again. Updated August 31, 2021.

Agents 128

Agents New Construction Purchase and sale agreement Construction 128

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

Sales 105

Sales Purchase and sale agreement Inspection Due diligence 105

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.”. That’s what Praneet Gill, chief strategy officer at a tech startup, and her husband did.

Pre-approval 94

Pre-approval Renovation Finance Construction 94

Marco Santarelli

MARCH 22, 2025

Metric Q1 Performance Homes Delivered 17,834 New Orders 18,355 Average Sales Price (after incentives) $408,000 (-1% YoY) While the number of homes delivered and new orders remained relatively strong, the key takeaway is the decline in average sales price. Is it Time to Panic? No, but it is time to be cautious and realistic.

Marketing 59

Marketing Pre-approval Lending Staging 59

Marco Santarelli

JANUARY 7, 2025

Austin, Orlando and Jacksonville are especially expected to see a huge boom in the for-sale market. On the flip side, Memphis experienced the largest drop, plummeting 30 spots as new home construction has outweighed the low job growth in the area. Be prepared for a potentially fast-paced process and get ready to act quickly.

Marketing 52

Marketing Pre-approval Investor Construction 52

Toronto Realty Blog

MARCH 10, 2025

Imagine that you’re purchasing a pre-construction condominium or a house that’s to be built by a developer, and these are closing well into the future. As I have mentioned many, many times before, I got into the real estate industry in 2004 when pre-construction prices were lower than comparable resale.

Purchase and sale agreement 72

Purchase and sale agreement Pre-approval Banks Construction 72

HomeLight

JULY 25, 2022

One of the world’s oldest sales maxims remains especially relevant in real estate transactions. 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. Let the buyer beware.

Inspection 111

Inspection Pre-approval Loans Finance 111

Toronto Realty Blog

SEPTEMBER 30, 2024

compared to Roger Clemens (pre-steroids) who put up a 10.4 ” Go on, I’m listening… From the report: New home construction has not kept pace with overall population growth in Ontario. month average waiting time from application to approval is down by 2.4 But his WAR was a paltry 2.9 months in the latest study.

Pre-approval 105

Pre-approval Development Land Construction 105

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. I believe that if rates continue to fall steadily, and economic confidence increases, sales will inevitably follow. Why the Disconnect Between Demand and Sales? Pending home sales were down 6.1%

Mortgages 52

Mortgages Pre-approval New Construction Sales 52

Marco Santarelli

NOVEMBER 12, 2024

Look at recent sales data, inventory levels, and economic indicators. Get pre-approved for a mortgage: Knowing how much you can afford will help you avoid overspending on a home. New construction: An increase in new homes can put downward pressure on prices.

Marketing 52

Marketing Pre-approval Mortgages New Construction 52

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.

Pre-approval 126

Pre-approval New Construction Inspection Construction 126