HomeLight

JUNE 10, 2024

Hard money loans are an alternative financing solution to conventional loans and can be particularly beneficial for those with short project timelines, limited initial capital, or credit issues. You can then make a strong offer on your next home with no home sale contingency. Learn More What is a hard money lender?

Hard money loan 83

Hard money loan Finance Home sale contingency Loans 83

Housing Wire

MAY 1, 2023

The Consumer Financial Protection Bureau (CFPB) announced on Monday a proposed rule that seeks to bolster consumer protections for borrowers seeking Property Assessed Clean Energy ( PACE ) financing for home renovations. The impact of PACE financing also disproportionately impacts borrowers of color, the report said.

Loans 295

Loans Lending Finance Renovation 295

Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. This synergy allows Planet to offer unparalleled operational support to its sales professionals, along with no hidden overlays and some of the industry’s best turn times.”

Lending 352

Lending Loans Renovation Mortgages 352

Marco Santarelli

JUNE 10, 2024

We are talking about the “ Poor Condition Houses for Sale.” Potential Payoff: Why Poor Condition Houses for Sale Can Be a Savvy Investment The high cost of houses in today's market can be a major turnoff, but fixer-upper properties offer a tempting alternative. That's a potential profit of $75,000!

Sales 52

Sales Renovation Finance Equity 52

Housing Wire

NOVEMBER 21, 2023

Shamrock ‘s chief growth officer Kurt Noyce and president Rod Correia will lead the team of sales and support professionals, which will remain in their current locations. Its portfolio includes construction to perm, renovation financing, builder programs and home equity line of credits , among others. year over year.

Loan Officer 339

Loan Officer Lending Loans Finance 339

Housing Wire

OCTOBER 5, 2023

These levels and their updates to 95% also apply equally to requirements for the standard, HomeReady and HomeStyle Renovation programs. Fannie Mae’s maximum LTV ratio for a single-unit home with a fixed-rate mortgage remains unchanged at 97%.

Loans 441

Loans Fixed-rate mortgage Principal Renovation 441

Realty Biz

SEPTEMBER 24, 2022

Whether you’ve bought a new home, or you’re sprucing up an investment property , home renovations can add immediate and long-term value to your home. With mounting material and labor costs, your renovation dreams can quickly put a strain on your budget. Here are 10 ways to save money on home renovations. They can also be costly.

Renovation 103

Renovation Finance As-is Sales 103

HomeLight

JANUARY 26, 2023

Seller financing can score you a home sale faster , especially in a slow market, but you have to duck and dodge the obstacles that come with it. If you’ve never heard of seller financing, you’re not alone. Seller financing — also known as owner financing — is much more common when selling a business than when selling a home.

Finance 83

Finance Pre-approval Lending Loans 83

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Mortgages 351

Mortgages Finance Lending Equity 351

Housing Wire

JULY 14, 2022

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. Another area of focus for the administration is improving its financing for manufactured housing.

Title 310

Title Land Finance Renovation 310

Housing Wire

MAY 30, 2024

That is the highest percentage since November 2022 and a potential sign that sale prices will soften in the coming months. Combined with the decrease in asking prices, Redfin suggested that “sale prices could soften in the coming months as persistently high mortgage rates turn off homebuyers.“ year over year to $390,613.

Mortgages 416

Mortgages Renovation Sales Brokerage 416

Realty Biz

JULY 21, 2021

Most people understand that renovations can help to increase the value of their home, but many could benefit from guidance on what exactly needs upgrading, a new study has found. homeowners, commissioned by Coldwell Banker Real Estate, found that many people are unclear about the home renovation process. The survey of 2,000 U.S.

Renovation 108

Renovation Finance Staging Agents 108

Housing Wire

AUGUST 10, 2023

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. of all properties available for the first-look auctions during the quarter.

Renovation 329

Renovation Development Rent back Principal 329

Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work.

Renovation 405

Renovation Construction Development Finance 405

Housing Wire

AUGUST 20, 2020

The upward moves come after the Federal Housing Finance Agency approved a new “adverse market” fee for refinancings to compensate Fannie Mae and Freddie Mac for the additional risk posed by the economic crisis caused by the COVID-19 pandemic. The average U.S.

Mortgages 544

Mortgages Renovation Finance Investor 544

HomeLight

FEBRUARY 28, 2022

So, should you renovate your house before selling? If you decided to renovate your house before selling, how do you end up on the winning end? Advantages of Renovating Your Home Before Selling. When you choose the right type of renovation project , your home value can increase and attract more potential buyers.

Renovation 113

Renovation Agents Sales As-is 113

Housing Wire

MAY 8, 2023

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.”

Renovation 371

Renovation Equity Mortgages Closing costs 371

Housing Wire

JUNE 28, 2023

Roughly 80% of real estate investors surveyed are selling single-family homes at or above asking price after fully renovating the properties to make them habitable, according to a report from real estate marketplace New Western. Approximately 55% of survey respondents said location/neighborhood is most important to their buyers.

Investor 344

Investor Marketing Renovation Residential 344

Realtor.com

MAY 26, 2021

Getty Images One of the more tangible side effects of the coronavirus pandemic is that, with all the time we’ve clocked at home, many of us are itching to renovate our space—whether that’s with a kitchen remodel , new home office, half-bath , or even more ambitious projects. Some contractors offer financing for homeowners.

Renovation 133

Renovation Finance Equity Loans 133

Housing Wire

JUNE 1, 2021

Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. The tax credit would cover the difference between total development costs — including acquisition, rehabilitation, demolition and construction — and the sales price.

Title search 502

Title search Title Renovation Investor 502

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. Financing Turnkey Rental Properties.

Finance 89

Finance FHA loan Investor Loans 89

Housing Wire

JANUARY 5, 2024

Rising interest rates, however, mean higher mortgage payments, and can dampen buyer enthusiasm or affordability , slow down sales or lead to dropping home prices. High demand can drive up sale prices and lead to shorter listing times, giving sellers more negotiating power.

Fixed-rate mortgage 422

Fixed-rate mortgage Agents Marketing Lending 422

RIS Media

MARCH 16, 2022

Either way, home renovations are on the horizon for many. COVID has driven a huge increase in home sales in the past two years. A home equity loan can provide the perfect solution to offset these rising costs by providing a more attractive and flexible financing alternative for homeowners. .

Renovation 81

Renovation Equity Finance Lending 81

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. The Opendoor presentation projected sales of more than 37,500 homes in 2023. “The largest, undisrupted market in the U.S.,” billion last year.

Marketing 396

Marketing Investor Sales Renovation 396

Housing Wire

JULY 14, 2022

The role of renovators. It turns out local investors are also more efficient than banks and government agencies at renovating and reselling homes. Public record data looking at the total foreclosure sales market demonstrates this. A deeper dive into the data helps to explain this surprising result. I buy local.

Renovation 325

Renovation MLS Investor Loans 325

HomeLight

JANUARY 29, 2021

But rather than draining their savings, most homeowners opt to finance their home home improvement with credit or a home renovation loan. If you’re considering taking out a home renovation loan to spruce up a powder room or gut the kitchen, we’ve got you covered. An overview of home renovation loan options.

Renovation 96

Renovation Loans Equity Construction 96

Housing Wire

MARCH 26, 2024

The risky operating environment has been marked by volatile, high interest rates (with 30-year fixed rates now hovering around 7%), high financing costs and moderating rental rates as an influx of multifamily rental properties continues to come online across the country. In 2023, the landscape for home flipping across the U.S.

Investor 428

Investor Marketing Construction Loans 428

Housing Wire

JANUARY 31, 2023

The decision left more than 400 employees without a job, and Miller had two urgent tasks — to find a lender that would close his clients’ loans in the pipeline and would also help him close more sales in an industry that is projected to further downsize. “I But not every LO will find a new workplace. In-house is key.

Loans 361

Loans Mortgages Loan Officer Pre-approval 361

Housing Wire

SEPTEMBER 19, 2023

A licensed appraiser conducts the evaluation and considers the condition of the property, the location and sales of comparable properties (comps) in the area. Appraisals are required for homes financed with any type of mortgage. Mortgage lenders want to make sure the property is worth the sale price.

Agents 436

Agents Inspection Sales Commercial 436

Housing Wire

MARCH 20, 2024

You’re investing more in building and renovating an affordable home than almost any other […] state in the country. On a typical home purchase, that alone could save folks an average of $10,000 on the sale or purchase,” Biden said. “I’m Hundreds of first-time homebuyers [were] able to make a down payment. A record 1.7

Equity 396

Equity Title Construction Renovation 396

Housing Wire

JANUARY 19, 2022

The option is not available for second homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condos, co-ops or manufactured homes.

Inspection 414

Inspection Principal Loans Renovation 414

Housing Wire

NOVEMBER 6, 2023

When it was passed in 1968, the Fair Housing Act made it illegal to discriminate in rental housing, real estate sales, and financing based on race, color, national origin, religion, sex, familial status, or disability. What is the Fair Housing Act? It is Title VIII of the Civil Rights Act of 1968.

Agents 417

Agents Lending Finance Title 417

Housing Wire

MARCH 28, 2022

And, while iBuyers still only account for less than 1% of total home sales, they are a transformative force that is taking hold of the opportunity to eat into the real estate market, which in the U.S. For this strategy to work, iBuyers need to know all the elements of a sale beforehand to price out the purchase.

Marketing 365

Marketing Title Closing costs Technology 365

Realtor.com

NOVEMBER 19, 2020

ozgurcankaya/Getty Images The numbers: Existing-home sales rose for the fifth consecutive month in October, as the housing market finally made up for the pandemic-related downturn in sales this spring. Total existing-home sales increased 4.3% Compared with a year ago, home sales were up roughly 27%. from October 2019.

Sales 124

Sales Lending Renovation Finance 124

HomeLight

MARCH 30, 2022

Whether you’re an investor looking for a speedy sale so you can move on to your next deal or a homeowner trying to unload a property quickly to avoid financial strain, you’re in search of real estate cash buyers to purchase your house without a lengthy or uncertain process. Reduce the time it takes to close your sale.

Sales 88

Sales Investor Renovation Due diligence 88

Housing Wire

FEBRUARY 16, 2022

Examine previous transactions with a lender, such as funding renovations on investment property, to better understand the lender’s experience with diverse real estate projects. A copy of the buy and sale agreement indicates that the transaction is ready to close once the funds are received. Make a list of potential lenders.

Purchase and sale agreement 382

Purchase and sale agreement Investor Hard money loan Lending 382

HomeLight

AUGUST 31, 2022

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. You can use that money for anything — debt consolidation, tuition, home renovation, a dream vacation, etc. How Much Is Your Home Worth Now? Get Estimate.

Equity 98

Equity Finance Loans Closing costs 98