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New construction vs. resale homes: How agents can guide buyers in today’s market

Housing Wire

Pros and cons of resale homes Resale homes offer a different set of advantages that appeal to a broad range of buyers: Pros of resale homes Character and charm: Many buyers appreciate the unique architectural details and character of older homes, which can be difficult or expensive to replicate in new builds.

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FHA proposes changes to 203(k) program

Housing Wire

There are two versions: the standard, which includes structural repairs and requires an approved consultant, and the limited version, which is focused on minor renovation and repair and does not require a consultant.

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Restoration of historic Frank Lloyd Wright home complicated by reverse mortgage

Housing Wire

An historic home in Chicago ’s Austin neighborhood designed by architect Frank Lloyd Wright in 1903 is in serious need of repairs and renovations, but an existing reverse mortgage loan is complicating the process of initiating the work. The convoluted nature of this particular property is unique.

Mortgage 426
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Flipping Homes Does Not Mean a Complete Remodel

Appraisal Buzz

Not all homeowners or property managers are willing to take a deep dive into home renovations, whether it be the cost or the time involved to complete the project—fortunately, certain select features are proven to be highly desirable in today’s market and don’t require a big budget, large timeframe, or knocking down walls.

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Opinion: Can tech and iBuyers fix the real estate market?

Housing Wire

Proprietary analytics and external data sources, backed by a microservice architecture that connects them all via APIs, can feed optimized recommendations and assessments for any part of the sale — valuation, tax, credit score, loan rating, insurance rating, title and closing costs.

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Historical Properties and Their Unique Appraisal Approaches

Boston Appraisal

This comparative market analysis extends beyond standard parameters like size and location to include age, architectural style, and historical significance. These commissions often have databases that include details on property histories, architectural styles, and any local preservation restrictions.

Appraisal 147
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10 ways to use virtual reality technology in your real estate business

Housing Wire

VR market research provides agents with a realistic and interactive platform to test property designs, explore potential renovations and assess the impact of various factors on buyer perception. Furthermore, virtual architectural visualization addresses numerous challenges faced by designers, architects and business owners.