A Floor Loan is a type of loan that is designed specifically for real estate, and it refers to the minimum loan that a lenders agrees to advance in order for the builder to be able to commence construction and development of a project. This does not function like a normal loan, in which the borrower receives the entirety of the loan. Instead, the floor …
The same review of the same real estate pros suffering through “broke” days more often than enjoying “living large” days have in common the regularity in which a real estate professional either follows up or avoids calling a lead while opting instead for email or text. Email or texting are great ideas if we don’t mind being lost in the noise and distraction of the …
USHUD Reviews Real Estate Pros Avoiding the Phone? Read more »
The process of buying a new home is stressful, even if you’ve already done it before. Looking at properties, researching areas, processing paperwork, etc., can all take a toll on your schedule and daily life. With all this going on, the last thing you should have to worry about is saving money when it actually comes time to buy the property. Use the following five …
We’re seeing it everywhere: the American workforce is in the midst of an “aging out” epidemic. According to the Department of Labor, last year more than 40 percent of workers aged 55 and above were still in the labor force—the highest since the early 1960s. I can say from experience that the residential real estate industry in particular is feeling this age crunch. To paint …
According to the U.S. Census Bureau, millennials now number 83.1M – more than one quarter of the nation’s population. As the largest demographic cohort in America, millennials are a powerful buying force and brands are vying for their attention. They are the largest source of new demand for rental housing and represent 32 percent of the U.S. home buying market and 68 percent of first-time …
REPOST: What the Real Estate Industry Needs to Know about Millennials Read more »
So you’ve made an offer on a home, it was accepted, and you’re ready to back the moving truck into the driveway. Not so fast! One of the last things you need to do before signing the closing paperwork is the final walk-through. What is a final walk-through? First of all, let’s answer what a final walk-through is not. It’s not time to celebrate and twirl …
Steady employment and economic growth, pent-up demand, affordable home prices and attractive mortgage rates will keep the housing market on a gradual upward trend in 2016. However, persistent headwinds related to shortages and availability of lots and labor, along with rising materials prices are impeding a more robust recovery, according to economists who participated in a recent National Association of Home Builders (NAHB) Fall Construction …
REPOST: Housing Recovery to Pick Up Steam in 2016, but Challenges Remain Read more »
Autumn is typically known as the time of year when housing activity starts to slow down. Generally, home sales tend to be very robust in spring and summer, then begin to soften somewhat during the autumn and winter months. The slowdown begins in the fall because school is starting, and families with kids would rather not move during this time. Mortgage rates likely won’t change …