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Owning a condo in Florida is becoming less attractive: Redfin

Housing Wire

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return.

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Fix-and-flip investors are filling in the gaps in some housing markets: report

Housing Wire

Roughly 80% of real estate investors surveyed are selling single-family homes at or above asking price after fully renovating the properties to make them habitable, according to a report from real estate marketplace New Western. A little over 70% of respondents invest in the Southwest and Southeast regions of the U.S.

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Unlocking Investment Opportunities: Exploring MLS Access for Investors

Listing Spark

By searching in and around these two markets, investors can find plenty of properties, from single-family residences that can be renovated and sold to raw land that may be on the development fast track in just a few short years. However, finding specific properties is still a challenge for investors, even in these lucrative markets.

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. Please think of me as your go-to resource for all things real estate. Call or text me with any real estate questions!

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New Increase in Mortgage Stress Test

D Fritz Appraisals

New listings are snapped up as soon as they are listed.”. The good news is that the mortgage stress test increase will not be implemented across the board for all house hunters. Only those trying to qualify for an uninsured mortgage will be subjected to the new, higher mortgage qualification rate as of June 1, 2021.

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Best real estate apps for agents in 2024

Housing Wire

Whether you want to help your buyers visualize what an empty listing might look like furnished, help them find local contractors, or get them excited about renovating a fixer-upper, Houzz can help. The app’s bulk messaging and emailing feature is perfect for blasting out hot new listings and price drops as soon as they come in.

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Success with Millennial Real Estate Clients: Q&A with Dara Alperen Cipollone

McKissock

While they may be qualified for the purchase, many don’t have the additional capital for a renovation, nor do they have the time or know-how to accomplish a renovation. I need to stay on top of the market and every new listing to assist them with navigating through what is the right information and what is to be ignored.