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Understanding Mortgage Terms for Home Buyers

Realty Biz

Buying a home is a significant decision, and understanding mortgage terms can make the process smoother. Here are some key terms and their definitions: Mortgage : A loan specifically used to purchase real estate. Down Payment : The amount of money you pay upfront towards the purchase of your home.

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Is The “Assumable Mortgage” Ready For A Comeback?

Toronto Realty Blog

But the point I’m trying to make today is that you can seemingly make a market out of anything. by WATA, which not only sold for $870,000 last year, but which is now being offered for sale again at a reasonable $1,305,000. You can make a market out of anything. And what if that savings could be conveyed in a sale?

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. After all, great communication leads to closed deals. Active contingent.

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Who Wants To Talk About Interest Rates?

Toronto Realty Blog

I would say that 7/10 of them are hearing me and in agreement…” She laughed. Of course, I looked up the history of the home and saw that he purchased it in 2009 for $752,000, and offered, “You know, you’re doing pretty well here, all things considered.” She understood. She’s fine with that.

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Renting vs Buying in Austin, TX: Which is Right for You?

Redfin

With Austin’s real estate market conditions, there are pros and cons to both sides of the debate, making it that much harder to decide between renting or buying a home. If you’re looking to buy a home in Austin , the current median sale price for a home is $468,000 as of July.

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Top Five: Real Estate Stories Of 2022

Toronto Realty Blog

But because our market is so dynamic, we often come up with stories that are one-off’s or unique. 3) Market Frustration. 1) The “Problem” In Our Housing Market. 3) Market Frustration. 1) The “Problem” In Our Housing Market. 4) Refusal To Accept Market Reality. 1) The Pandemic.