Appraisal Buzz

NOVEMBER 13, 2024

More than half of home buyers (52%) negotiated with the seller, with 94% of those who did achieving success. About 34% of buyers paid below the asking price in 2024—up from 27% in 2022, when the market was more favorable to sellers. Clever’s network spans 15,000 agents across all 50 states.

Real Estate 417

Real Estate Sellers Buyers Renovations 417

Housing Wire

SEPTEMBER 9, 2020

” With the suburbs seeing record volume , agents and brokers like Harrison, who runs Compass’ operations in Westchester alongside her husband Zach, are counseling their clients on how to prevail in a fierce bidding war. Vickie Mox, an agent with RE/MAX Dallas Suburbs , covers the Collin County area, north of Dallas.

Agents 501

Agents Marketing Clients Buyers 501

Housing Wire

JUNE 10, 2021

While a real estate agent’s commission is one of the most expensive costs, it definitely isn’t the only one. From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process. To attract potential buyers, sellers have to make sure their home is aesthetically pleasing.

Sellers 545

Sellers Real Estate Agent Real Estate Decorating 545

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

Housing Market 426

Housing Market Buyers Agents Marketing 426

Housing Wire

MARCH 22, 2021

Interestingly, Redfin data showed waiving the inspection contingency and conducting a pre-inspection – meaning the buyer conducted an inspection before making an offer – had no significant impact on whether a prospective buyer wins a bidding war. Anything below list price, regardless of the terms, just can’t compete.”

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Inspection Inventory Buyers Sellers 544

The Appraiser Coach

SEPTEMBER 14, 2021

We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. Appraisers have been accused of being “speed bumps” in the lending process. In some ways, I can understand their. Read More.

Agents 370

Agents Appraisal Real Estate Agent Loan Officers 370

Housing Wire

SEPTEMBER 5, 2024

The FHA should critically evaluate and simplify inspection criteria, review the inspection requirements for FHA appraisals, and modernize criteria wherever possible “to help reduce homebuying hurdles over non-essential, smaller home repair issues,” the authors wrote.

Buyers 426

Buyers Real Estate Agent Inspection Real Estate 426

Housing Wire

AUGUST 3, 2023

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” So how can real estate agents be so cavalier about their job?

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Real Estate Agent Real Estate Agents Tools 370

Housing Wire

OCTOBER 9, 2024

17 , when the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement had to be implemented, most brokers and agents were concerned about how they would disclose a seller’s offer of buyer broker compensation. Heading into Aug. which is no longer in effect.

Buyers 428

Buyers Sellers Agents Contracts 428

Housing Wire

NOVEMBER 4, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. Finding an agent Like 43% of homebuyers , I began my search online, as I worked to get a sense for what the inventory in my preferred areas and in my price range looked like. Funny you should ask.

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Agents Inspection Real Estate Sellers 431

Housing Wire

JULY 22, 2024

Watch any of the glamorous pseudo-reality real estate shows on TV, and you might be tempted to become a part-time real estate agent. Most of the agents you see on TV wearing $1500 outfits work 80+ hours per week. Most of the agents in my office worked equally long hours. Most of the agents in my office worked equally long hours.

Real Estate Agent 382

Real Estate Agent Real Estate Clients Agents 382

Housing Wire

OCTOBER 16, 2023

Not to mention the current mortgage rates at decades-high levels as well as sellers who are locked in with pandemic low rates. Here are the following strategies agents can use to guide first-time homebuyers toward achieving this monumental step. Sellers are even using this as a tool to attract buyers. It never will be.

Agents 414

Agents Buyers Sellers Inventory 414

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. Have you ever had a friend buy or sell with another agent? That would be amazing, thank you so much!” Stay top of mind.

Real Estate 451

Real Estate Open Houses Agents Sellers 451

Housing Wire

MAY 16, 2024

The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures. It can also help agents clearly communicate their unique value and services to homebuyers, sellers and others.

Real Estate Agent 364

Real Estate Agent Real Estate Brokerage Sellers 364

Housing Wire

MAY 21, 2024

Work with a real estate professional with MLS access In non-disclosure states, the role of real estate agents becomes even more crucial. Experienced agents have access to databases, networks, and resources that can help buyers gather information about recent sales in the area. Be patient and stay flexible as challenges arise.

Real Estate Agent 425

Real Estate Agent Real Estate Inspection Valuation 425

Housing Wire

APRIL 8, 2021

First, the pre-approval letter tells the seller that you are serious about buying a home and that you have a commitment from a reputable lender on how much it will lend to you. Another seller’s home may need repairs, and you put in your offer the need for a seller credit to pay for them. In an extremely competive market?

Inspection 468

Inspection Sellers Buyers Tools 468

Housing Wire

SEPTEMBER 17, 2024

For agents in New Hampshire , this week marks two months since PrimeMLS , the state’s multiple listing service , implemented the business practice changes outlined in the National Association of Realtors’ nationwide commission lawsuit settlement agreement. It is a seller decision, not an agent decision.”

Agents 410

Agents Sellers Buyers Realtors 410

Housing Wire

OCTOBER 27, 2020

The truth is, sellers can have their pick right now, and if your offer isn’t just what they want, they could choose another buyer. But they’re also an extra hassle for sellers. Sellers can have contingencies, too. Sellers can include contingencies, too. Accepting a seller’s contingencies? The bottom line.

Marketing 462

Marketing Sellers Buyers Inspection 462

Housing Wire

FEBRUARY 23, 2024

Altos considers anything over 30 to be a seller’s market. Local agents attribute at least some of the market’s hotness to the inventory situation. Although rates may be keeping some sellers in their homes longer than they wanted, Stella said he is not seeing as great an impact on buyers as he is sellers.

Housing Market 492

Housing Market Marketing Inventory Buyers 492

Housing Wire

FEBRUARY 21, 2024

Curbio , a provider of pre-sale home improvement services that requires payment at closing, will provide its “Build Your Own Estimate” mobile app to NAR members, which offers free repair estimates for home inspections upon the upload of a PDF document.

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Home Improvement Realtors Real Estate Agent Inspection 402

Housing Wire

JULY 24, 2024

There is potential for agents to save time, according to Walt Baczkowski, CEO of SFAR. While AI won’t replace real estate agents, those who use it are already outcompeting those who don’t,” said James Rogers, co-founder and CEO of RealReports. Inventory is low, rates remain high, and lawsuits abound,” Gorman said.

Realtors 397

Realtors Tools Real Estate Agent Real Estate 397

Housing Wire

FEBRUARY 26, 2024

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. As a result, new condo listings are flooding the market in Florida as sellers try to unload their properties at a discount. It’s causing buyers to rethink their plans.”

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HOA Law Insurance New Listings 482

Housing Wire

AUGUST 22, 2024

Although the process for communicating and dispersing buyer agent compensation has shifted, the industry adapted calmly within a couple of weeks. Friction slows down sales While sellers have maintained the status quo, realtors have had to adapt quickly. Many who rarely answer phones are responding to calls, texts, and emails.

Real Estate 422

Real Estate Realtors Contracts Agents 422

Housing Wire

AUGUST 8, 2022

we’re helping potential buyers make more informed decisions, while empowering agents and sellers to market their properties more effectively, and supporting a modern valuation process for both appraisers and lenders,” said Jeff Allen, president of CubiCasa. said Allen. caught up,” he said. Presented by: Rently.

Property Management 525

Property Management Technology Real Estate Valuation 525

Housing Wire

OCTOBER 10, 2024

By most standards, I’ve had a highly successful career in real estate — as a Keller Williams Mega Agent, Broker-Owner, and bestselling author. For the past 14 years, I’ve had the privilege of coaching some of the nation’s top-producing real estate agents. Now, the buyer wanted the agent to pay for the repairs. Shine your light!’

Real Estate 426

Real Estate Real Estate Agent Agents Clients 426

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Real estate agents and lenders are working together to try to get buyers into houses. Either way, it puts the squeeze on property valuation.

Housing Market 535

Housing Market Buyers Marketing Real Estate Agent 535

Housing Wire

JULY 8, 2024

As a broker and real estate coach, I’m always surprised when new agents tell me they don’t want to use real estate scripts. These sellers were on the market with another agent before and could not sell. Usually, they’re inundated with agents calling them for the first few days after their listing expires.

Real Estate 376

Real Estate Business Agents Sellers 376

Housing Wire

JULY 10, 2024

While Northwest Ohio ’s housing market has remained fairly strong in recent months, local real estate agents say things become a bit more complicated when you segment the market by price point. Agents attribute the varying market conditions to the current interest rate environment. and are spending a median of 56 days on the market.

Inventory 345

Inventory Buyers Agents Inspection 345

Miller Samuel

NOVEMBER 30, 2018

One group not explicitly mentioned in the petition but impacted down the road are real estate agents and brokers. Those are "PiW" loans or have a "Property Inspection Waiver." If the buyer realizes they overpaid for the property, the agents are now the professionals with the bullseye on their back. Ever heard of straw buyers?

Appraisal 300

Appraisal Inspection Real Estate Agent Agents 300

Raleigh Realty

JULY 31, 2022

Major Home Inspection Issues and How to Handle Repairs If your home inspection turns up any of these 7 major issues it could be time to negotiate some mandatory fixes with the seller before you proceed with purchasing the home. After a home inspection, issues are going to arise. Structural Issues 1. Plumbing 3.

Inspection 148

Inspection Sellers Real Estate Agent Buyers 148

Housing Wire

DECEMBER 8, 2020

“Our momentum speaks to the massive need for a more reliable way for sellers of homes that need love.”. Sundae pairs sellers of distressed properties with potential buyers, claiming that homeowners can close in as little as 10 days or wait and choose to remain in the home for weeks after the sale.

Investors 356

Investors Sellers Real Estate Inspection 356

Housing Wire

SEPTEMBER 30, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. This is sick, and I want it to end,” said Sharon Aubuchon, a RE/MAX Premier Realty agent in Prairie Village, Kansas a suburb of Kansas City. “It Kansas City, Missouri.

Housing Market 329

Housing Market Marketing Real Estate Agent Loan Officers 329

Housing Wire

APRIL 25, 2024

When the meeting concluded, DeRoussel quickly reached out to the seller’s agent to see if her client could get in for a tour, but it was too late. “I I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We We couldn’t even see it.

Buyers 410

Buyers Marketing Inventory Investors 410

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Think of the savings.

Appraisal 432

Appraisal Inspection Real Estate Agent Training 432

Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. It is an essential tool that allows agents to clearly communicate a pricing benchmark for a property. It’s imperative that agents invest their time to properly prepare comps!

Marketing 406

Marketing Real Estate Agent Clients Tools 406

Housing Wire

DECEMBER 27, 2024

The new rules apply to both appraisal waivers and inspection-based waivers , which leverage property data collected by a trained and vetted professional. Maximum loan-to-value (LTV) for appraisal waivers on home purchases will increase from 80% to 90%, and LTVs for inspection-based appraisal waivers will increase from 80% to 97%.

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Training Appraisal Valuation Inspection 325

Housing Wire

JUNE 28, 2024

According to local real estate agents, the region’s housing market seems to have read the same memo, as June did not bring the same market boost as many have grown accustomed to. Although pending sales are up, local agents noted that properties are taking longer to go under contract, leading to an uptick in inventory and days on market.

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Housing Market Marketing Inventory Buyers 354