Category: Foreclosure

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What is Foreclosure in Real Estate?

Posted on March 10, 2024March 10, 2024 by brkseven

In real estate, home foreclosure is a term that refers to the legal process through which a lender takes possession of a property when the homeowner fails to make mortgage….

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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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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…

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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…

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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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Marco of Proxima Investors @proximainvest ·

25 Nov

PENNSYLVANIA REAL ESTATE:

Despite the apparent stubborness in hitting the 330k, after giving up on the initial 374k, this #homeseller had to capitulate and sell for #300k.

Who knows the details, but it supports the theory of a significant adjustment in #ResidentialRealEstate…

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Marco of Proxima Investors @proximainvest ·

22 Nov

Banks don't like #SellerFinancing.

All that interest that they could collect goes back to home buyers and sellers.

And right now, with 7% #mortgagerates, that's a lot...

But if someone struggles to qualify, it's an even better deal:

A) Lower rate than they would get, IF they…

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Marco of Proxima Investors @proximainvest ·

22 Nov

HOME SELLING CHALLENGES:

Understanding the current state of the #housingmarket is crucial, especially for those concerned about why #homesforsale may not be moving as expected. A recent survey sheds light on potential factors influencing this trend, particularly the impact of…

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