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From consultation to closing: The definitive homebuying checklist

Housing Wire

Secure a mortgage pre-approval As a rule of thumb, its best to have your clients obtain a mortgage pre-approval prior to setting up any searches and conducting property tours. Required documentation Save your clients some time by providing them with a list of the documents theyll need to get pre-approved.

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How to Buy Land in 8 Steps: A Guide for Investors

The Close

Buying vacant land can be a wise investment with great returns if you plan carefully and understand what’s involved. While land can be a relatively cheap and low-effort investment compared to a house, making money from it might be trickier. Check access: Make sure you have legal access to the land. Let’s get into it!

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What Will It Take To Finally Close the Financing Gap for Affordable Housing?

Propmodo

Developers across the board, like NDC, struggle to navigate a landscape where elevated interest rates and years of inflation have made securing financing a daunting task. In 2021, the price for 1,000 board feet of lumber soared past $1,500, nearly tripling the pre-pandemic record. For Neighborhood Development Co.,

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What is a Short Sale in Real Estate? A Guide for Buyers and Sellers

Redfin

For sellers , a short sale has to be approved in advance by the lender. However, they have key differences: Short sale The homeowner initiates the short sale by submitting financial information to their lender, who approves the short sale. These properties are also usually sold as-is , so pre-listing repairs are often not completed.

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San Diego Housing Market is Expected to Heat Up in 2025

Marco Santarelli

San Diego is indeed expected to be a competitive real estate market in 2025 , landing in the top 20 hottest markets according to a recent Zillow report. San Diego's Rise in the Ranks: A Closer Look San Diego jumped ten spots , landing at number 19 on Zillow's list of hottest markets for 2025. You might want to buckle up!

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Can Your Condo Developer Stop You From Leasing Your Unit?

Toronto Realty Blog

In order to build a condominium in Ontario, the developer will pre-sell units, that don’t yet exist, and when a certain threshold is met (ie. 80%), one of the major banks will finance the project and give the go-ahead to begin construction. ” Don’t even get me started about the price that was paid in pre-construction.

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Hottest Real Estate Markets in Maine: Top Locations for 2024

Marco Santarelli

Several factors contribute to this: Maine's limited land availability , its desirable natural beauty , and a growing population of remote workers all drive up demand. Get pre-approved for a mortgage: Having your financing in place shows sellers you're a serious buyer, increasing your chances of a successful offer.