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The current REO market requires an expansion of services for business growth

Housing Wire

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. Balancing supply and demand is a delicate dance between new construction and existing properties.

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‘We Bought a House That Hadn’t Been Built Yet’: New Construction May Be the Key To Succeed in Today’s Hot Market

Realtor.com

Nicole and Pat, however, were able to buy their house for just over half that sum by choosing new construction. The Krouses’ new-construction home in South Austin, TX Nicole Krouse. We ended up touring three or four other new constructions in different areas of town, just to do some due diligence.

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How Long Does It Take to Build a House?

Realtor.com

No matter your location, the key to any successful new home building project is having approved house building permits, a process that can take a long time in some areas. The biggest obstacles to obtaining a new home permit are poor due diligence, neighbors who oppose construction, and a backlog at the building department.

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What Must Be Disclosed When Selling a House in Georgia?

HomeLight

Meaning, buyers are charged with performing due diligence during real estate transactions to ensure they’re buying a product they’re satisfied with. This is known as the due diligence period. That due diligence period is the buyer’s only opportunity to find out for themselves the facts about the house,” Morton says.

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Navigating Ohio Home Inspections: A Guide for Homebuyers

Redfin

Michael Hazlett of Clarity Property Inspections recommends getting a home inspection even if the home is brand new. You absolutely should have any newly purchased house inspected, even if it’s brand new,” says Michael.“We We find significant issues even in new construction.”

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Essential Real Estate Advice in 6 Steps

Louisville Homes

Even with new construction , it always pays for a buyer to have their own Realtor. Buying a house is a huge investment, so you should never go into it without doing your due diligence. Team Up with a Realtor. Finding a professional local agent to work with you is essential. Research and Analysis.

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Appraising New Construction: Guidance for Follow-Up Inspections

McKissock

While most appraisals only require a single field visit—and in some cases none—when it comes to appraising new construction, you may need to visit the property several times. It mostly depends on the lender requirements, but you are also going to be sure you practice due diligence. Final inspection.