Realty Biz

MARCH 13, 2024

Landing your first home is a thrilling and scary experience, especially if you are a newbie in the real estate industry. A lot of new buyers just eager for their new lives often miss some crucial steps during the buying process such as undergoing complete pre-purchase home inspection and understanding mortgage terms fully.

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Housing Wire

AUGUST 23, 2023

Following a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp , Better Home & Financing Co. Flávia Nunes: Better took nearly two years to go public, with Aurora’s shareholders’ merger approval extended three times. In that time, the market, the industry and the consumer changed dramatically.

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Debt-to-income ratio Technology Mortgages Pre-approval 370

Real Trends

DECEMBER 5, 2022

Although measures are now in place to prevent this from happening, such as higher standards for loan approval, it does little to allay fears. Buying is particularly difficult for first-time buyers who don’t have equity in an existing home. This will allow them to build equity making a future dream house purchase more doable.

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Housing Wire

FEBRUARY 8, 2022

Bill Bymel, managing director at Spurs Capital , an investment manager specializing in distressed mortgages, said that about 15% of the overall portfolio during the pandemic contained non-communicative borrowers, up 50% compared to the same pool of borrowers pre-COVID. Some are especially haunted by the Great Recession between 2008 and 2011.

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RIS Media

SEPTEMBER 21, 2020

The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc.

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HomeLight

AUGUST 31, 2021

The exact steps vary from state to state, but let’s take a general look : Pre-foreclosure: As the name implies, a pre-foreclosure isn’t in foreclosure yet, but it’s on the way there. Usually, a home goes into pre-foreclosure after several consecutive months of missed mortgage payments, and the lender issues a notice of default.

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Real Trends

DECEMBER 27, 2022

Before a mortgage is approved, lenders will have a property appraisal. On the buyer’s side, if a property’s appraised value is lower than the contract’s value, the mortgage may be declined; the mortgage may be approved if the buyer contributes cash up-front (to make up for the difference in value). Financing fallout.

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Housing Wire

MARCH 6, 2023

With the industry cooling down slower than expected, LOs are having to work harder and get creative to overcome the double whammy of surging rates and a lack of inventory. “I’ve got several pre-approvals out there where people just can’t find what they want and the rates are throwing them off,” Monsoon said.

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Windemere Buying

APRIL 11, 2022

Advocates of buying will contend that purchasing a home is an investment in equity, which can increase in value every year you live in the home, whereas if you rent a property, you’re essentially paying for someone else’s mortgage. Becoming a homeowner has its respective advantages. Ultimately, the right decision depends on your situation.

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Marco Santarelli

JULY 23, 2022

Mortgage approval rates today are lower than they were in the pre-crisis era, which suggests that borrowers are less likely to default on their loans. You stand a better chance of your application being approved if you've got good credit. This is true for any industry, including real estate or the housing market.

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Toronto Realty Blog

JUNE 20, 2022

It’s impossible to satisfy every individual, every industry, and every market segment and/or participant. Let’s assume that he made a 20% down payment, or $8,400, and financed the remaining $33,600. He got his ducks in a row early in the year and had a mortgage pre-approval with a 5-year, fixed rate of 2.79%.

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Principal Fixed-rate mortgage Pre-approval Mortgages 97

Housing Wire

AUGUST 29, 2022

After two golden years in the mortgage market during the pandemic period, refis have dried up and the industry has since pivoted toward a purchase market. Kevin Barker, managing director at Piper Sandler , says UWM has access to liquidity via borrowing and selling MSRs, and the lender is not too levered with net debt to equity being 1.7

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HomeLight

MAY 31, 2021

According to California real estate agent Mark Moskowitz , who has nearly 30 years of experience in the industry, buyers should be talking to their lenders about how to get the most out of every dollar — which leads us to question #2…. The VA backs a portion of the loan against default, which makes banks more willing to finance.

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HomeLight

JANUARY 3, 2023

However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Get a pre-listing appraisal. Alternatively, you could pay for a pre-listing appraisal. Closing date. Closing dates can be subject to negotiation as well. Earnest money.

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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.”

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Toronto Realty Blog

SEPTEMBER 23, 2022

Condominium cancellations were rampant in the pre-construction industry and people were starting to get pissed. Just like UrbanCorp did in 2015 with KingsClub, developers like this are using the “sold out” label of the project, along with the deposits, to obtain construction financing. Toronto Star.

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HomeLight

OCTOBER 9, 2023

4 expert tips before you shop for a home Tip 1: Start planning early Top Las Vegas agent Rebecca McKenna-Inman has more than 22 years of experience in the industry. If you are approved for up to $450,000, I recommend shopping for homes between $350,000 and $425,000,” says Wordelman. “In

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Redfin

JULY 10, 2023

Building equity Firstly, homeownership provides long-term stability and the opportunity to build equity. You’ll have to consider many factors such as your desired location, finances and budget, as well as the housing market conditions. Let’s dive into some of the main advantages of buying in the current market.

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Toronto Realty Blog

DECEMBER 19, 2023

So without further adieu, here are the “Top Five Real Estate Stories Of 2023” as I see them: #5: Condos, Development, & Pre-Construction This “theme” or story has far-reaching implications; at least more so than what you might conclude simply from the title. Pre-Construction. Development.

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HomeLight

MARCH 13, 2023

Booming tourism industry spurs investor activity With warm weather and popular attractions like Walt Disney Disney World and Universal Orlando Resort, Orlando is one of the country’s top tourist destinations with nearly 60 million visitors each year. Let’s take a look at the factors driving Orlando’s cash buyer engine.

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Redfin

JUNE 8, 2023

The mortgage industry has its own language, and in order to understand it, homebuyers need to learn different acronyms and jargon when shopping for a home loan. Get pre-approved and secure your dream home Work with a lender to find the right loan for the home you love. Get pre-approved What is PITI?

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Real Trends

FEBRUARY 27, 2023

The buyer lost their financing, maybe they backed out due to a higher payment, lost their relocation deal with their employer, or got divorced. Most people pay for their assisted care living costs by selling their home and cashing out the equity. Stagers are also a fantastic source of pre-listing leads. 8. ’ 23.

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Realty Biz

DECEMBER 13, 2022

Sellers who qualify for Flyhomes’ Trade Up program can trade their current home for the new one, unlocking equity from both residences. With a Flyhomes Cash Offer, Flyhomes will make a cash offer on your behalf—you'll no longer have to compete with other buyers who might need financing. Trade Up product.

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Pre-approval Closing costs Loans Technology 66

Redfin

FEBRUARY 10, 2023

The Emerald City is a bustling city known for its tech industry and stunning natural beauty. Ultimately, the decision to rent an apartment or house or buy a home in Seattle is personal and depends on several factors, such as your finances, your desire to stay long-term in the area, and where exactly you want to live.

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Equity Closing costs Mortgages Pre-approval 59

Housing Wire

AUGUST 22, 2022

The lender approved their application for a loan with a 2.25% interest rate, with a “conservative” estimated value of the house at $550,000, pending approval. How borrowers can stay afloat with home equity products during difficult economic times. Some homeowners are confronting a difficult choice: sell or face foreclosure.

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Marco Santarelli

AUGUST 17, 2020

Zillow Home Loans, Zillow’s affiliated lender, provides mortgage pre-approval and financing. As a seller, you can get more out of your home equity by selling for more in a hot market and for a low listing fee. The site's free and premium content includes advice on creative financing and how to be a landlord.

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HomeLight

DECEMBER 6, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot New Jersey real estate market and a steep rise in equity added extra incentive to maximize profits.

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Purchase and sale agreement MLS Pre-approval Agents 78

Toronto Realty Blog

MAY 26, 2022

Looks like you’ve got a pretty good following and a good foothold in this industry. Let’s say, for argument’s sake that John & Jane had a pre-approval for a 5-year, fixed rate mortgage of 3.79% in February. ” Then he laid down a challenge. “You know, I found you online. Sure, in theory.

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HomeLight

NOVEMBER 21, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot South Carolina real estate market and a steep rise in equity added extra incentive to maximize profits.

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Purchase and sale agreement MLS Pre-approval Agents 76

HomeLight

OCTOBER 12, 2022

in the past year, you’ve decided to cash out the equity in your suburban Salt Lake City home. Or maybe you’re relocating for a job in the Beehive State’s expanding tech industry and want information about the property’s condition before committing your hard-earned savings. With median sales prices rising 24.2% Equipment and appliances.

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The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Certificate of eligibility. Contingency.

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HomeLight

OCTOBER 29, 2021

San Francisco agent Anthony Navarro , who has more than 16 years of experience in the industry, says his primary goal is to make sure that his clients get the home they want, at the price they want, with the terms they want. Look at alternative financing options. With that, however, comes some advice and education. in 2019 to 33.5%

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HomeLight

NOVEMBER 14, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot New York real estate market and a steep rise in equity added extra incentives to maximize profits.

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Purchase and sale agreement MLS Agents Pre-approval 79

HomeLight

SEPTEMBER 30, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Wisconsin real estate market and a steep rise in equity added extra incentive to maximize profits.

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Purchase and sale agreement MLS Agents Inspection 79

HomeLight

NOVEMBER 23, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot West Virginia real estate market and a steep rise in equity added extra incentive to maximize profits.

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HomeLight

DECEMBER 6, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Oregon real estate market and a steep rise in equity added extra incentive to maximize profits.

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Notorious ROB

DECEMBER 19, 2022

Relevant to this thinking is the fact that the term “MLS” is nowhere defined, other than in private industry groups’ own rules and policies. Zillow went into even more detail, but fundamentally, I thought this was Zillow declaring war against the entire mortgage industry. NAR defines what an MLS is. CMLS defines it. Finally, D.R.

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