Remove Construction Remove Principal Remove Short sale Remove Staging
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

How else would you and your clients understand how much is being paid in principal and interest over the years? Construction loan. A short-term loan that covers the cost to build a property until the owner can secure long-term financing. Liens can come from unpaid mortgages, construction bills, even HOA fees. Contingency.

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Five Ways to Take Advantage of A Market Reset and Grow Your Business

HomeLight

And by the time I moved back to LA, we were really in the throes of foreclosures and short sales, so it was a different time completely. So they’re the ones who had all their construction costs and budgeting around a number that was based on what buyers would pay at a lower interest rate. I staged it myself.