Remove first-time-home-buyer-programs
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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

Do you remember the last time you received a letter in the mail, in an envelope, that was hand-addressed to you? Dear (first name), I know we are neighbors, yet I wanted to formally introduce myself and let you know I am a resource available to you! If you have any homes you personally sold in the neighborhood, include those here).

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Zillow Upside Down on 93% of Their Portfolio in One Housing Market

Chicagoland Appraisal Blog

2 months ago I wrote an article comparing Zillow’s Zestimate program to a regular appraisal process. It’s difficult to disagree with this characterization based on the data in this blog post. Some areas have more detailed home information available — such as square footage and number of bedrooms or bathrooms — and other areas do not.

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3 Payment Assistance Avenues Available on Path to Homeownership

Will Springer Realtor

Whether you’re looking in Belltown or Bellevue, Bothell or Burien, buyers need to save up a whole lot of money before seriously considering a first-time home purchase. The funds are typically repaid when buyers eventually sell the home or when refinancing their mortgage. Not exactly. Read the fine print!)

Buyers 62
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Housing Statistics for Beginners, Part 2

Birmingham Appraisal

Unlocking the Basics: Part 2 of Housing Statistics for Beginners In my last blog post, which was the first installment in this multi-part series, I discussed why it is important for agents to be aware of local housing statistics. The average sale price will factor in the outlier sales which could possibly skew the results.

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Non-Arms Length Sales for Appraisers

Appraisal Today

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

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How Much Do You Really Need for a Down Payment on a Home?

Berkshire Hathaway

In years past, lenders have always pushed that a 20% down payment was absolutely necessary in order to purchase home. The average firsttime home buyer puts just 6% down , and certain loan programs allow as little as 3% or even zero down. Freddie Mac Home Possible: 3% down minimum.

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Appraisal waivers: What underwriters should know

Clear Capital

This is the third post in our blog series about appraisal waiver programs. As mortgage underwriters, you understand that a timely appraisal is paramount to a smooth loan approval process. Forgoing a traditional appraisal removes the time and cost associated with it. Check out part one and part two.