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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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How Long Does It Take to Build a House?

Realtor.com

Census Bureau’s most recent 2020 data from the Survey of Construction estimates approximately 6.8 months as the average length of time from start to completion of new privately owned residential buildings. Depending on U.S. location, the average build times increase and decrease. So plan ahead.

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What Must Be Disclosed When Selling a House in Georgia?

HomeLight

According to the International Association of Certified Home Inspectors, a material defect is anything that: Has a specific issue with a system or component of a residential property. Meaning, buyers are charged with performing due diligence during real estate transactions to ensure they’re buying a product they’re satisfied with.

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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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Want More Space? A Comprehensive Guide to Room Addition Costs

HomeLight

Janis Company with over 20 years experience building residential additions. Expert advice: A first floor home addition is an ideal spot for a new main suite. You can see that over and over again in new construction neighborhoods. We want to do our due diligence upfront and that’s where we are a design-build firm.

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Realtor Safety Month: Resources for Agents & Teams

The Close

Due diligence is necessary when dealing with cyberattacks, identity theft, and deepfakes using AI to trick agents and consumers. The NAR Member Safety Residential Report showed that 14% of male real estate agents said they had an encounter in which they felt threatened and unsafe.

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Exit Strategies: How to Buy or Sell a Retiring Agent’s Business

HomeLight

So, they sold the residential business to another Portland company called Works Real Estate. We’re gonna talk about due diligence. Matt: So, as you’re scouting potential partners for this kind of arrangement, what kind of due diligence are you doing on them and their business? Is it new construction?

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