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5 August 2024 | 8 replies
Typically Credit Unions are good sources of capital for Lines of credit but when it comes to refinancing there seems to be quite a bit of red tape.You want to work with a broker who essentially has the entire mortgage industry in the palm of their hand and can put you into the product best suited to meet your needs.
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5 August 2024 | 6 replies
Meaning, they are not willing to:- sell their property off market- go into contract with a wholesaler- sell their property for a discount (i.e. they want 'top dollar')In cases like these, an agent can still assist the homeowner by helping them sell the traditional way.That said, wholesaling can be lucrative so I echo the advice you've received here - get out there and speak to people in the industry who are willing to share helpful information.All the best!
3 August 2024 | 4 replies
If it's spotted by an inspector during an inspection or the CL100 (pest inspection), it will be noted in the report.
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4 August 2024 | 10 replies
That statistic is an indicator that local industry wages can't hold up to home valuations which is a recipe for disaster in my eyes.
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6 August 2024 | 29 replies
This industry is so much more sophisticated and has translated a slightly better mousetrap into market share.
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4 August 2024 | 13 replies
The sweet spot is 25% down but products were showing with 10-20%.
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3 August 2024 | 3 replies
None of the names listed above appear to be pivoting into the homeowner association space, yet here in the northeast USA it's still quite a fragmented industry outside of the major urban centers with established and deep-pocketed PM firms.
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4 August 2024 | 37 replies
Yes, it is extremely common in our industry.
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4 August 2024 | 12 replies
Mortgage rates declined to their lowest levels in over a year, a sample of more than a dozen industry professionals said they were quoting most borrowers in the high 5% to low 6% range on government loans and in the mid-6% range for conventional mortgages.
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3 August 2024 | 5 replies
We've closed deals on three single-family homes, a 12-unit apartment building, and two 3-unit multi-family properties in prime Philly spots like 19147, 19148, 19123, and 19134.