5 ways to thrive in a seller's market

| July 28, 2016

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Are you hunting for a home in a market where inventory is low and there's often a bidding war for property in the price range? follow these tips to maximize the chances

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Daniels Development Group, Inc

Real Estate Development and Construction Company primarily located in the SF Bay Area. We are an opportunistic developer and have completed both residential, mixed use, commercial, retail, hospitality and specialty development projects in seven states.

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Should Your Real Estate Client Sign An Appraisal Waiver?

Article | August 11, 2021

Real estate professionals sometimes have to answer a buyer’s questions about appraisal waivers. What are they? What do they mean? Is it a good or bad idea for the home loan applicant to sign one? If your client is applying for a home loan, signing an appraisal waiver does not mean that the home won’t be appraised. The lender will insist on an appraisal, to ensure that they’re not lending more money than they can expect to recover if they foreclose on the mortgage. An appraisal waiver is a document loan applicants sign to tell the lender that they’re waving their right to receive the appraisal report at least three days before the loan is consummated. In rare cases, a real estate professional might have to draft an appraisal waiver letter. In that case, the letter should include the name of the applicant, the address of the property, and, if applicable, the number of the loan application. It should state that the applicant knows about the right to receive the appraisal report at least three business days before the loan is consummated and that the applicant waives that right. At no time does the applicant waive the right to receive an appraisal report.

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Is Commute Time Becoming a Housing Factor?

Article | June 2, 2021

While many workers plan, at least according to recent surveys, to continue spending at least part of each week working from home, a shorter commute still seems to be holding increasing appeal. The National Association of Home Builders (NAHB ) says its first quarter Home Building Geography Index (HBGI) indicates not only a pandemic driven shift in construction to low density, low cost markets, but a rapid expansion in areas with the shortest commutes. Litic Murali, writing in NAHB's Eye on Housing blog, says workplaces are moving toward hybrid home/office work models which could affect 30 to 40 percent of the American workforce. This will give renters and buyers increased market power over their travel times and the ability to reduce both housing and transportation costs. The nationwide average commute is 26 minutes. Those counties in the bottom quintile (lowest 20 percent) have a commute time of 18 minutes or less while the commute in the highest quintile is 28 minutes. The data show that 36.2 percent of the U.S. population resides in the counties in that top slice. The HBGI indicates that the top two quintiles with the longest commutes together had 63.6 percent of single family building. However, growth was strongest in that bottom quintile with a four-quarter moving average annual growth of 22.2 percent.

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HOW EXCHANGE RATES AFFECT REAL ESTATE

Article | April 7, 2020

Globalization offers international real estate investors the opportunity to build wealth from investment properties anywhere on the globe. Despite the ongoing uncertainties caused by the coronavirus breakout , the real estate industry continues to be one of the most attractive sectors for investors worldwide looking for financial stability. And if you’re looking to invest in a real estate market abroad, there are a number of factors that you should pay attention to. These include trends in supply and demand residential properties in the target market, taxes for rentals, interest rates (if you’re planning to borrow in the foreign currency), and exchange rates. In this article, we’re going to focus exchange rates how they affect your real estate investment decisions. The simplest and most accurate way to define the term “exchange rate” would be to say that it’s the value that one currency has when transferred into another.

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Coronavirus Disrupts Major Projects

Article | March 26, 2020

As most of us have adjusted to the new reality brought on by the coronavirus (COVID-19), developers and lenders are forced to look at the resulting economic shut down on ongoing real estate projects. When this virus first started making the news late last year, few people anticipated that it would turn into a global pandemic that would virtually shut down world economic markets. In the real estate world, when this did happen, it was easy to predict that the deals that had not yet been signed, would come to a stop and/or be terminated, and that deals that had been signed would be paused and extended. But what about deals in progress and under construction? Supply chains have not only been disrupted, but in many cases, have been stopped altogether. This could cause many borrowers to miss important benchmarks under construction loan agreements. It could also cause developers to miss delivery dates under leases and contracts. Will lenders declare loan defaults for missed benchmarks? Will tenants and buyers?

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Daniels Development Group, Inc

Real Estate Development and Construction Company primarily located in the SF Bay Area. We are an opportunistic developer and have completed both residential, mixed use, commercial, retail, hospitality and specialty development projects in seven states.

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