By Rob Chrisman
Posted To: Pipeline Press
What will buildable land in Las Vegas set you back? The math is pretty easy: Toll Brothers has acquired 10 acres of vacant land at a once-bankrupt Summerlin condo complex for $10.3 million. But that is just the start of expenses, right? In neighboring California, more stringent building-code requirements add roughly $47,000 to a typical 1,400-square-foot home, and building impact fees account for 20% of costs . And we want housing for first-time home buyers? In California, the percentage of home buyers who can afford to buy a median priced home stands at 29%. TRID & closing table requirements How much do closing table surprises hurt the lender? Back in the pre-TRID days, borrowers often walked into their closing with unclear expectations. While TRID has improved communications with borrowers…(read more)
Via:: State-Level Licensing Law Changes; TRID-Related Process Changes