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Reverse purchase financing: The financing option no one is talking about

Housing Wire

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. For real estate professionals, this option presents an opportunity to capture more sales. Yet staggeringly few are aware of its existence.

Finance 445
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Desperate for deals, mortgage pros get creative

Housing Wire

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Niche loans consist of about 5% of Parkinson’s business. “It’s What we’re seeing is just increased competition over every deal.

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5 ways to provide overwhelming value to buyer clients

Housing Wire

Present to your buyer clients just like you would in a listing presentation. Loop your buyer’s lender into the mix and have coffee with your buyer clients and the loan officer to discuss loan options that meet their goals. Repeat, referral, lather, rinse and repeat. Be a matchmaker. Overcommunicate.

Clients 404
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10 Costs of Buying a Home You Need To Know About

Realtor

If demand in your area is high, a seller could expect a larger deposit. If the market is cold, a seller could be happy with less than 1%. Other governing factors like state limitations and rules can cap how much earnest money a seller can ask for. The amount you need to pay varies by location, lender, and loan type.

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Buyside launches a new home valuation pages feature

Housing Wire

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset. According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer.

Valuation 324
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Threat of climate change looms large for some home buyers

Housing Wire

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. Presented by: Propertybase. “I had one client in St. She relocated to New York.”

Buyers 459
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Choosing the Right Lender

PennyMac

Starting the Loan Certification Process When choosing a lender, look for one that offers a written letter or certification you can provide to sellers to let them know you are qualified. You’ll have peace of mind knowing your borrowing limit and be able to show realtors and sellers that you’re serious about purchasing.