Remove Contracts Remove Investing Remove Investors Remove Property Taxes
article thumbnail

What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work?

Contracts 143
article thumbnail

How are higher mortgage rates affecting servicing?

Housing Wire

“With fewer opportunities to refinance, we are seeing a direct correlation to an increase in mortgage rates and a decrease in payoffs from the number of calls that come into us including options to retain the property due to increases in property taxes and ARM adjustments,” he said. Communication is key.

Mortgage 366
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Best Search for Land to Buy in Ohio [2022]

The Robert Weiler Company

Land investors choose land to buy in Ohio for many reasons. Unlike other investments of value, buying land is often a safe investment. Do you plan to build a house or commercial building on the raw land, use it for farming, rent to a farmer, rent to a business, flip it, or hold it as an investment? Property Lines.

article thumbnail

Banking Failures & Their Impact On the Housing Market - Part 2 - The REO Dilemma

Eppraisal

In the last post, we looked at how bank failures can lead investors to bonds which, subsequently, pressure mortgage lenders to lower their interest rates. Real estate owned (REO) properties are those that were once collateral to an active mortgage but were seized in foreclosure actions. Investors check its listings regularly.

article thumbnail

Mortgage rates continue to climb beyond 7%

Housing Wire

Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. At today’s rate, the monthly cost to purchase a home totals about $2,400, not including property taxes and insurance, a 17% increase from a year ago. What to expect with the Fed ?

Mortgage 370
article thumbnail

Understanding Investment Property Closing Costs in Texas

Listing Spark

When new property investors think about the cost of having real estate investments, they might picture ongoing maintenance and repairs— approximately 1% of the property’s value per year. The razor-thin margins that many short-term investors risk don’t apply here, so you have more room to take on fees.

article thumbnail

Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property.