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November 24, 2023Finance, Real Estate, Seller Financing

The Importance of a Down Payment in a Real Estate Transaction

In the world of real estate, a Down Payment plays a crucial role in the homebuying process. It is a significant initial payment made by the buyer towards the purchase of a property. This payment is typically made at the time of closing the deal and is a percentage of the total purchase price. Why […]

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Marco of Proxima Investors Follow

I buy homes+land @ full value, on LO/OF terms anywhere. Agents&Brokers welcome! RealEstate & NATO vet. ❤️Antiques. I X opinions. If interesting, I follow back.

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proximainvest Marco of Proxima Investors @proximainvest ·
27 Nov

Existing Home Sellers Face Stiff Competition from New Construction
As the #housingmarket shifts, existing #homesellers are encountering fierce competition from #newconstruction builders. With #mortgagerates around 7%, many potential #homebuyers are hesitant, prompting builders to…

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proximainvest Marco of Proxima Investors @proximainvest ·
27 Nov

#MortgageRates are still high, but #HomeBuilders can offer incentives that dampen the effect of the #HighRate/#HighMortgagePayment shock shock; #existinghome sellers have to compete with brand #NewHomes; more new builds are coming to market as projects complete, even if build…

Rick Palacios Jr. @RickPalaciosJr

New homes are 26% of all for-sale housing supply today, twice the industry norm of 13%.

Back in 2021-2022, this chart was one of the first signals housing was entering an abnormal phase, as existing owners sat tight on rock bottom rates and homebuilders gladly stepped in with…

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proximainvest Marco of Proxima Investors @proximainvest ·
27 Nov

Lots coming on as more projects are completed in a market that is not absorbing as well as when the projects started.
Very good marketing is needed to get these to move in such a competitive environment.
Keep 360 degree flexibility in mind...

#realestatemarket #newconstruction…

Lance Lambert @NewsLambert

The total number of completed new homes that remain unsold is at its highest level since September 2009

There is some slack in the new construction market

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proximainvest Marco of Proxima Investors @proximainvest ·
26 Nov

SELLING YOUR HOME IN A BUYERS MARKET:

Navigating a Buyer’s Market: The Importance of Flexibility

In a buyer's market, homeowners must adapt their selling strategies to effectively market their properties. Flexibility is essential for attracting buyers and facilitating…

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