Appraisal Buzz

FEBRUARY 4, 2025

Delivering safe and secure transactions is not just good for the real estate industry; its our duty to consumers as they enter into the largest transaction of their lives, said Thomas Cronkright II, Co-Founder and Executive Chairman of CertifID. Many homebuyers and sellers simply dont know that wire fraud is a thing.

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Real Estate Real Estate Agent Sellers Agents 363

Housing Wire

JULY 17, 2024

A newly released episode of the Real Estate Insiders Unfiltered Podcast explores the future state of buyer and seller relationships in the housing market after the National Association of Realtors ‘ (NAR) business practice changes take effect Aug. Zorn explained how he would approach a seller in the new market.

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Housing Wire

SEPTEMBER 19, 2023

One of the final hurdles to clear is the appraisal , and it has the power to leave a deal dead in the water. What is a real estate appraisal? A real estate appraisal is the assessment of a property’s value. Appraisals are required for homes financed with any type of mortgage.

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Housing Wire

DECEMBER 11, 2023

When affordability meets fair housing Recently, during a coaching session with an agent, that agent shared how a recent seller, Bob, sold his home of 20 years and made so much money on the sale that he was able to purchase a retirement home in Savannah, Georgia, and have plenty of money left over for a nice retirement nest egg.

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Housing Wire

JUNE 25, 2024

Home appraisals are critical to the home buying and selling process. But that’s not all a home appraisal can do. Let’s take a closer look at appraisals, what they mean for a sale, and how to leverage the results to get your clients the best price possible. What is the purpose of a home appraisal?

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Housing Wire

APRIL 6, 2021

Linda (who asked that her real name not be used) beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies. Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. With others waiting in line behind her, the seller wouldn’t budge on price.

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Appraisal Buzz

MARCH 14, 2025

Some homes are attracting bidding wars like its 2020 again, while others are sitting on the market for weeks with no action, said Desiree Bourgeois, a Redfin Premier Real Estate Agent in Detroit. I recently saw one house get 10 offers and sell for $50,000 over the asking price, and the buyer waived their appraisal contingency.

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Contracts HOA New Listings Real Estate Agent 393

The Appraiser Coach

SEPTEMBER 14, 2021

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

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Agents Appraisal Real Estate Agent Loan Officers 370

Housing Wire

FEBRUARY 9, 2021

When you go to buy a home , your mortgage lender will almost always order a home appraisal. Scenario 1: Your home appraises at your full offer price. Many times, the home appraisal goes off without a hitch. You make an offer on your dream home, and the appraiser verifies the property is worth what you offered (or more).

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Appraisal Buzz

DECEMBER 16, 2024

Retirees understand the risks of moving to Florida, but many believe the pros still outweigh the cons, said Rafael Corrales, a Redfin Premier Real Estate Agent in Miami. appeared first on Appraisal Buzz. This gives buyers leverage when theyre negotiating with other insurers. first appeared on The MortgagePoint.

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HOA Insurance Buyers Property Taxes 392

Appraisal Buzz

NOVEMBER 1, 2024

A lot of sellers are worried about finding their next house because even though listings are rising, there’s still a housing shortage,” said David Palmer, a Redfin Premier real estate agent in Seattle. The post Share of Newly Built Homes Hits Lowest Level in Three Years appeared first on Appraisal Buzz.

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Construction Inventory Real Estate Agent Agents 370

Appraisal Buzz

JUNE 17, 2024

The recent settlement by the National Association of Realtors (NAR) has sent ripples through the real estate industry, leaving many agents reeling. As the dust begins to settle on this $418 million agreement, it is crucial for appraisers to recognize the vast opportunities now available to them.

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Appraisal Real Estate Agent Valuation Real Estate 370

Housing Wire

NOVEMBER 15, 2023

Michigan-based United Wholesale Mortgage (UWM) wants to court more brokers by offering no-cost appraisals on 1-0 temporary rate buydowns amid fierce competition in the industry. The escrow account is funded by either the seller, builder or lender via a lump-sum payment at closing.

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Appraisal Real Estate Agent Sellers Government 459

Housing Wire

JULY 17, 2023

In such an environment, buyers may feel pressure to bypass steps in the transaction to make their bid more attractive to the seller, but they should be wary that taking shortcuts can expose them to fraud. Secret Service reported a steep rise in seller impersonation in an advisory it issued this year. We can reverse this trend.

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Sellers Real Estate Agent Real Estate Insurance 370

Appraisal Buzz

APRIL 4, 2025

Pent-up demand caused the housing market to flare up in February, but as buyers wait for more inventory, it has cooled off in March, according to Josh Felder, a Redfin Premier real estate agent in the Bay Area. Many home sellers overprice their properties and wind up receiving less money than they had anticipated.

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Buyers Real Estate Agent Inventory Sellers 284

Housing Wire

NOVEMBER 5, 2024

The removal of offers of buyer broker compensation from most MLSs across the country — as mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement — was a massive change for real estate agents and brokers. But appraisers say that even prior to the Aug.

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Appraisal Buzz

FEBRUARY 13, 2025

Economic uncertainty: With tariffs, reductions in the federal workforce, return to office mandates, and mortgage rate uncertainty, a lot is up in the air for a lot of Americans right now, and Redfin agents report this is giving buyers (and sellers) cold feet. Economic fears have been top of mind for people.

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Inventory New Listings Sellers Real Estate Agent 397

Housing Wire

OCTOBER 1, 2022

If discrimination is committed by appraisers – as the news headlines would suggest – fellow appraisers and real estate agents say they rarely witness or experience it. Another issue with appraiser competency could be appraisers’ apparent lack of familiarity with valuation tools.

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Appraisal Real Estate Agent Valuation Training 418

Appraisal Buzz

MAY 20, 2024

As an appraiser, you’re already familiar with buzzwords like seller’s and buyer’s markets. A seller’s market indicates demand is high and inventory is low, while a buyer’s market means inventory is high and demand is low. Navigate a seller’s market by considering the following. You can pull the comps on it for reference.

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Appraisal Marketing Valuation Sellers 370

Appraisal Buzz

FEBRUARY 4, 2025

Listing agents are no longer permitted to unilaterally offer sellers payment of the buyers agent commission in NAR-affiliated MLSs, according to the new regulations. Although there are few exceptions, Redfin agents report that the majority of sellers continue to opt to pay the buyers agent commission.

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Agents Sellers Real Estate Agent Buyers 248

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. Real Estate Commission. Seller Concessions. Staging Costs.

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Sellers Real Estate Agent Real Estate Decorating 546

Housing Wire

OCTOBER 4, 2024

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. This diversity allows for a comprehensive understanding of the market dynamics.

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Real Estate Housing Market Real Estate Agent Marketing 459

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. Made to order.

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Appraisal Inspection Real Estate Agent Training 435

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.

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Real Estate Agent Real Estate Brokerage Open Houses 461

Housing Wire

DECEMBER 4, 2023

We’re writing today to address the unintended consequences that may result from the real estate agent commission dilemma stemming from recent lawsuits. There are multiple lawsuits challenging the prevailing structure of real estate agent commissions, and, as a result, there is no shortage of industry conversation on the topic.

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Real Estate Agent Real Estate Agents Sellers 468

Appraisal Buzz

JANUARY 7, 2025

presidential race between two candidates with opposing economic and housing agendas, many buyers and sellers have adopted a wait-and-see strategy this year. Additionally, a lot of people are taking their time to learn more about the new regulations regarding real estate agent fees.

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Property Taxes Real Estate Agent Mortgage Agents 365

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.

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Buyers Real Estate Agent Inspection Real Estate 476

Appraisal Buzz

NOVEMBER 13, 2024

When selling a home for sale, competent real estate agents will emphasize the qualities that buyers are looking for since they have a unique understanding of what they desire. The post Homeowners and Buyers Reveal the Most Desired Home Trends for 2025 appeared first on Appraisal Buzz.

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Buyers Design Real Estate Agent Real Estate 418

Appraisal Buzz

NOVEMBER 27, 2024

This is an important moment for NAR members, home buyers and sellers, and the real estate industry,” said NAR President Kevin Sears , Broker-Associate of Sears Real Estate/Lamacchia Realty in Springfield, Massachusetts. “As District Court Approves NAR Settlement appeared first on Appraisal Buzz.

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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. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap.

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Housing Market Buyers Marketing Real Estate Agent 535

Appraisal Buzz

DECEMBER 30, 2024

Theres a lot of inventory, but it doesnt feel like enough, said Meme Loggins, a Redfin Premier Real Estate Agent in Portland, Oregon. I explain to sellers that their house will sit on the market if its not fairly priced. The post Active Home Listings Hit Four-Year High appeared first on Appraisal Buzz.

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HOA Inventory Real Estate Agent Contracts 221

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.

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Real Estate Agent Real Estate Inspection Valuation 488

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

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Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. You should be finding buyers before real estate agents anyway.”

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Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

OCTOBER 8, 2024

After leading a few coaching companies, De Grote founded Forward Coaching with a focus on strategic lessons taught by veteran agents. Today, Forward Coaching focuses on teaching new agents how to negotiate with buyers and how to collaborate with sellers and listing agents on concessions.

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Real Estate Agents Real Estate Agent Buyers 448

Realtor

SEPTEMBER 19, 2023

Getty Images Home appraisals are a piece of the selling process where you may have to let go of the reins. Lenders often require the use of their own, FHA-approved home appraiser. Here are some things sellers can do—straight from the home appraisers’ mouths—to navigate the process of home appraisals.

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Appraisal Sellers Real Estate Agent Appraisal Process 189

Appraisal Buzz

JANUARY 22, 2025

Rocket.comis designed for serious buyers and sellers, offering a streamlined path to homeownership, says Jamie Belsky, chief product and design officer at Rocket, in the release. The post Rocket Unifies its Real Estate Search and Home Financing Platforms appeared first on MortgageOrb.

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