Remove Clients Remove Property Taxes Remove Renovations
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Seattle documents renovation programs, tax relief for aging in place

Housing Wire

But a nonprofit organization in the Seattle area is seeking to help more seniors renovate their homes to age safely. And a state property tax relief program recently raised its maximum income threshold to allow more Puget Sound-area seniors to qualify.

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Guild announces new ‘Flex Payment Mortgage’ suite of reverse products

Housing Wire

The same obligations of a traditional HECM — namely, keeping up with property taxes, insurance maintenance and (if applicable) HOA fees — must be maintained to avoid foreclosure. Converting equity into available cash can be accomplished without impacting Social Security or Medicare benefits, the company said.

Mortgage 448
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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

HousingWire: As interest rates rise and borrowing becomes more expensive, how can offering reverse mortgages help lenders provide clients with a stable cash flow in an otherwise volatile market? What can lenders do to dispel this common misconception with their clients? Not tax advice. Consult a tax professional. †

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How to compete and win with your listing presentation (+ scripts)

Housing Wire

Research market data Your work begins once you and your client have set an appointment to meet. You may also want to research the client on social media to understand their needs and circumstances. Pro tip: Listen twice as much as you speak to understand your client’s needs. What is their family size?

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Institutional SFR players are stuck in the doldrums

Housing Wire

Inviting an SFR lawsuit Invitation Homes earlier this year failed to convince a judge to dismiss a pending whistleblower lawsuit filed against the company in federal court in San Diego that alleges it made improvements at scores of properties in California without first securing required building permits.

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Fix and flip market struggles as financing costs rise

Housing Wire

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. People are calling it the Great Renovation. How long that can continue is hard to say.”

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Should You Buy a Home or Keep Renting? How To Decide in 7 Steps

Realtor

Hammond , a Chase private-client home lending adviser. When considering the overall cost of homeownership, the price of insurance and property taxes will vary based on community and location,” Ross says. Keep in mind that property taxes vary widely by state and city. How important is the freedom to renovate?