article thumbnail

Flipping Houses in New York: 5 Cities to Consider

HomeLight

Financing your flip in New York 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. FHA 203K Mortgage : This option allows homeowners to finance up to $35,000 in repairs identified by an FHA home appraiser or inspector. Wise agrees.

article thumbnail

Philadelphia Real Estate Market & Investment Overview 2021

Marco Santarelli

Day On Market. In a market that is considered “balanced,” the housing market predicts that the average days on market (DOM) for a home is 65 days. In Philly, the average was 41 days, showing a strong favorability to sellers. New Foreclosure Filings for Philadelphia, PA (on Realtytrac.com ).

Marketing 126
article thumbnail

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

The Close

A short-term loan that covers the cost to build a property until the owner can secure long-term financing. Real Estate Referral Fees: How They Work & Best Practices. Days on market (DOM). As a seller’s agent, you’re counting the days a listing is on the market. Owner financing. Fannie Mae.