Items Tagged with 'all-cash sales'

ARTICLES

  • Average home seller saw a 31% return on their investment

    Those who sold in Q1 pocketed an average of $57,500
    Home prices are appreciating, and home sellers are realizing a sizable return on their investment as a result. Those who sold their homes in the first quarter of 2019 made a 31.5% return, pocketing an average gain of $57,500, according to the latest from ATTOM Data Solutions.
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  • Here’s what title insurers need to know about the feds’ new rules for all-cash real estate deals

    Deloitte experts on FinCEN’s new requirements
    [Expert commentary] Last month, the Treasury Department’s Financial Crimes Enforcement Network announced that it was expanding on its rules that require title insurers to report buyers’ identities and the source of the funds for certain residential real estate deals. Here's what title insurers need to know about the new rules and what they can do to comply with them.
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  • Feds significantly expand investigation into all-cash real estate deals

    Title insurance companies’ reporting threshold lowered to $300,000
    Title insurance companies in 12 of the nation’s largest markets will now have to provide federal authorities with substantial details on all real estate deals of $300,000 or more if the buyer is paying all cash. The requirement comes at the hands of the Treasury Department’s Financial Crimes Enforcement Network, which is significantly expanding its investigation into whether foreign buyers are using shell companies to buy U.S. real estate in order to launder money.
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  • Worried you can’t get a mortgage in time? Ribbon will buy the home you want for you

    Real estate startup raises $225 million to fund national expansion
    There’s a new real estate startup that is buying homes directly from homeowners, but unlike direct buyers like Opendoor, Offerpad, and Perch, and real estate giants like Zillow and Redfin, which focus on buying homes from sellers, Ribbon is buying homes for buyers. And now, the company has some serious financial backing to power its planned growth.
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  • CoreLogic: Paying cash for houses lowest in nearly 10 years

    Cash sales now on track to hit pre-crisis level in mid-2019
    Last year, the share of homes bought with cash fell to the lowest level since 2007, a new report from CoreLogic showed. But that's not the only data point that fell to a nine-year low last year. For the full-year 2016, the distressed sales share was also the lowest annual distressed sales share since 2007.
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  • RealtyTrac: All-cash sales at lowest since late 2009

    Institutional investor share at 15-year low
    Just under a quarter – that is 24.6% – of all single family home and condo sales in May were all-cash purchases, down from 28.5% in the previous month and down from 30.4% a year ago. Distressed sales are drying up. Want to know more?
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