Mortgage Forbearance: How to Ease Out and Avoid Foreclosure
About 2M Americans have postponed mortgage payments, but their grace period is about to end. And for the 1.7M with a Sept. deadline, it’s time to start planning.
Mega Investor Spending Billions on Single-Family Rentals
Faced with a dearth of affordable existing homes, single-family investors say they’ll spend big money creating new rental-home developments in Fla. and other states.
29% of Sellers Think Home Is Worth Less than Asking Price
Most sellers list for personal reasons, but a survey found that 1 in 4 (24%) who plan to list within the next 12 months are doing it because of the profit potential, with 53% expecting to get their asking price and 24% anticipating more. And 25% expect to have an offer within one week.
Fla. Insurer Growing as 3 Private Insurers Cancel Policies
State-owned Citizens Property Ins. is growing rapidly, and Fla. insurance regulators recently authorized “extraordinary” terminations for thousands of homeowners insured by Universal Insurance of North America, Gulfstream Property & Casualty and Southern Fidelity.
April Home Starts Drop 9.5% – Builders Blame Supply Costs
New-home starts fell a surprising 9.5% in April. Builders say buyers are dropping out of the market because a rising cost for raw materials keeps pushing prices higher.
$5B in Relief Money to Help Fight Homelessness
In Fla., 40 agencies will get “Emergency Housing Voucher” money to help individuals and families experiencing homelessness or at risk of homelessness.
The Best Sales Tool? Good Customer Service
Clients need to believe they’re in good hands. Everything you say should demonstrate your skills, display your values or provide valuable information.
RE Q&A: Can the HOA Force Me to Use Their Paint Color?
Some homeowners associations think they have more power than they do, and they can dictate paint colors only if empowered to do so in the declaration of covenants.
AI Could Become Some Agents’ ‘Secret Weapon’
One day soon, artificial intelligence (AI) will go mainstream. But even now, it can identify soon-to-be customers, allow buyers to view fewer listings and help investors.
What Can Condo Boards Still Do Under the Latest Mask Rules?
Condo associations became COVID-19 cops during the pandemic, and their powers, so far, aren’t diminished much even if the CDC and Fla. say it’s OK to go without masks.