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10 Mistakes First-Time Homebuyers Should Avoid

Realty Biz

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. This hastiness results in costly errors that could affect them financially and satisfaction with their purchase for many years ahead.

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Seattle Housing Forecast: Cyclone of Sales Activity Intensity

RIS Media

Looking toward 2021, we anticipate the residential real estate market will continue to be very active, with strong buyer demand. May: The number of buyers increased to pre-COVID seasonal levels, but sellers lagged creating a virtually sold out situation. Mid-June: The number of sellers increased to pre-COVID seasonal levels.

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When borrowers ‘ghost’ their servicers

Housing Wire

But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. Department of Housing and Urban Development approved housing counseling agencies to do more effective outreach to some of the harder-to-reach borrowers. of the U.S.

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Ask Brian: How Can Homebuyers Think Outside the Box?

Realty Biz

Question from Jonna in OR: Hi Brian, I managed to get pre-approval for a $210,000 mortgage back in March and have been looking for my first home ever since. I don’t know the market in your area but ask your agent to show you several of the most run-down houses slightly below what you are pre-approved for. down payment.

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New Year, New Home? 9 Myths About Buying a New-Construction House That Actually Aren’t True

Realtor.com

“It’s true, on the average, that new homes of similar sizes historically outprice pre-owned by about 16%,” says Stephen Haines , president of Artisan Built Communities. “Depending on the age of the pre-owned homes, one should understand the remaining life expectancy of these components,” says Haines.

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In the Military and Selling a House: Programs and Resources for Service Members

HomeLight

Check your equity to get started. As a military member selling a house, the options available to you depend on your equity , which is the percent of your home that you own outright. Essentially, equity is the market value of your property minus the amount of money you still owe on your mortgage loan. Home Loan program.

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How Can You Purchase A Tenanted Property And Ensure Vacant Possession?

Toronto Realty Blog

” Peter the Landlord prepares for closing at the end of October, and Bob the Buyer obtains his mortgage approval, provides notice to leave his rental property, begins to purchase furniture for the new condo, books a moving truck, and tackles a half-dozen other tasks that are required in order to close on the purchase, and move into the condo.