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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 @ full value, on LO/OF terms anywhere. Brokers paid! RealEstate & NATO vet. ❤️Antiques. I X opinions. If interesting, I follow back.

proximainvest
proximainvest Marco of Proxima Investors @proximainvest ·
6h

It's all relative. You look at your neighbor, family and those close to you to gauge how good your life is, not other countries; Americans are not even known to know where many other countries are 😁

Jordan Rolfes @CoachRolfes

We live in a fantasyland:

$100,000 Salary is awful
$1,200 sq ft houses aren't starter homes
Going on 1-2 vacations/yr is not enough
9-5 jobs are all terrible
$80,000 Suburbans are normal
Boomers are blamed for everything

Meanwhile, almost half the world lives in poverty.

Maybe…

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proximainvest Marco of Proxima Investors @proximainvest ·
12 Nov

Funny that I just read a realtor's post encouraging home purchasing because rates are low today! 😁

Mortgage News Daily @mortgagenewsmnd

Mortgage Rates Only Modestly Lower Despite Bond Market Improvement
30 Yr. Fixed: 6.29% (-0.05% ▼) | 15 Yr. Fixed: 5.80% (-0.04% ▼) |
https://www.mortgagenewsdaily.com/mortgage-rates?rd=202511121203

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proximainvest Marco of Proxima Investors @proximainvest ·
12 Nov

Better be aware, since many are still clueless, especially homeowners wannabe homesellers.

Andrew Lokenauth | TheFinanceNewsletter.com @FluentInFinance

Housing data shows home sellers now outnumber buyers by more than 500,000, the largest imbalance ever recorded in the market.

Home sales are headed for their worst year since 1995.

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proximainvest Marco of Proxima Investors @proximainvest ·
12 Nov

#realtors #realestateagents and #realestatebrokers: these are all opportunities to help someone out and earn a deserved commission! Don't let them go to waste. I can use these leads to help and make something, but better if fresh. You find them. Let me know before you trash them!

Rick Palacios Jr. @RickPalaciosJr

13% of FHA loans with a 2024 vintage are underwater, and 21% of VA loans. Pretty high negative equity percentages, especially considering national home prices have been rising since 2024. Most of these FHA/VA mortgages must be in Sunbelt markets where prices have been falling.

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