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Compass launches client-facing portal with listings, docs and more

Housing Wire

Within the platform’s dashboard, clients can view documents like offers, appraisals, listing contracts, open houses and more. Proponents claim that position is disingenuous and that exclusive listings dramatically limit advertising exposure for listings and thus it is detrimental to sellers.

Clients 413
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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. An appraisal is a valuation of a property by a third party.

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A Contract is Born

The Appraiser Coach

What makes a contract a contract? Is it the legal prose, the professional typesetting, or the date across the top? I’m no lawyer, but my mentor once told me that. Read More.

Contracts 195
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Why Is the Square Footage in Public Records Different from the Appraisal?

Birmingham Appraisal

When an appraiser measures a home, their calculation often differs from whats in tax records. These discrepancies can lead to confusion, mispricing, and even appraisal challenges. Mass appraisal techniques: Since assessors handle thousands of properties, they often use general guidelines rather than physically measuring each home.

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Home Price Growth May Soon Stall

Appraisal Buzz

Now is a good time–at least compared to the recent past–for serious house hunters to get under contract on a home,” said Daryl Fairweather, Chief Economist at Redfin. Compared to 50% two years prior, over 60% of properties advertised in May had been on the market for at least 30 days without entering into a deal. overall and by 7.3%

Contracts 370
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Opinion: More can be done to shorten the average time to close

Housing Wire

In fact, if you were to describe the home-buying experience solely upon the things we see in advertisements, the home-buying process would end with the sales contract, and all parties would merrily proceed directly to the handing over of the keys. There’s an entire industry built upon the “what’s next” in question.

HOA 488
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How to negotiate your home purchase offer

Housing Wire

Consider an appraisal gap: Adding an appraisal gap to your offer tells the seller that even if the property appraises for less than the purchase price in the contract, you are committing a preset dollar amount to making up the shortfall. There is a chance they could offer an appraisal gap and never have to use it.