Housing Wire

AUGUST 23, 2024

Sky Michiels In an interview with HousingWire Managing Editor James Kleimann, Michiels shared his thoughts on how buyer broker compensation will evolve, how lower-income buyers will be affected, the legal scenarios for agents, and what new business models may emerge in the coming years. But the seller only agrees to pay 1%.

Real Estate 433

Real Estate Agents Real Estate Agent Buyers 433

Appraisal Buzz

AUGUST 12, 2024

An increasing number of individuals in this age bracket are choosing to pool their money and purchase residences with friends rather than facing these financial obstacles alone. Rising Property Costs: Solo buyers can no longer afford to own a home since price rises have surpassed salary growth in many areas.

Bracketing 370

Bracketing Lending Real Estate Finance 370

Housing Wire

MAY 5, 2022

Most buyers looking for a primary residence won’t consider a home with tenants in it. Buyers worry the home won’t be as well cared for as it would if the owners lived in the home. You can conduct the sale as you would with any other buyer, selling the house in a decent amount of time. This increases your target audience.

Tenants 370

Tenants Investing Buyers Bracketing 370

Appraisal Buzz

DECEMBER 9, 2024

It includes insights from CoreLogic economists to help appraisers and home buyers understand the market. Active listings also provide insight into current seller and buyer motivations. Pending sales are particularly useful because they represent properties that have attracted buyers, reflecting the current market conditions.

Appraisal 358

Appraisal Marketing Valuation Tools 358

Housing Wire

DECEMBER 26, 2023

If you compress the commissions on the buyer side by some amount it would have an effect on the overall commission pot and that would hurt the large publicly traded companies because that would be akin to just having a drawdown in volumes overall, which we’ve seen what that does to margins and profits and it hurts,” Paolone said.

Brokerage 476

Brokerage Mortgage Agents Bracketing 476

Housing Wire

JUNE 15, 2022

Some buyers who couldn’t qualify for a conventional mortgage turned to an ARM to make lower monthly payments. Leading up to the housing crisis, many subprime lenders provided borrowers with interest-only ARMs, which initially offered low rates. For the next six months, we expect ARMs to have some popularity,” said Johnson.

Mortgage 370

Mortgage Loan Officers Bracketing Investors 370

Birmingham Appraisal

JULY 12, 2023

Pricing a property correctly from the outset is crucial for attracting potential buyers and maximizing the seller’s return on investment. Buyers are often reluctant to pay a premium for features that significantly exceed the norm in their area.

Real Estate Agent 93

Real Estate Agent Law Real Estate Bracketing 93

Birmingham Appraisal

APRIL 11, 2023

In today’s market where so much information is available online, it’s important to put in the research upfront when pricing a home because we know buyers do and they will know when a listing is overpriced. Using sales that are inferior, similar, and superior to the subject in some aspect constitutes bracketing.

Realtors 93

Realtors Bracketing Appraisal Buyers 93

Lamacchia Realty

OCTOBER 17, 2024

Inventory of homes listed reached a record low by July of 2023 , and mortgage rates increased dramatically, diminishing buyer affordability. Many sellers are holding the line, and buyers continue to face competition. The result is buyers are still faced with some of the highest monthly mortgage payments in history.

Bracketing 74

Bracketing Marketing Sellers Buyers 74

Lamacchia Realty

JUNE 21, 2022

Now, months later, with rates up nearly 100% from the start of the year- January mortgage rates were hovering in the low to mid 3’s and this week reached 6.28%- diminished buyer affordability is causing a big downshift in demand. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.

Housing Market 69

Housing Market Bracketing Marketing Sellers 69

Lamacchia Realty

OCTOBER 25, 2023

Now, a year and a half later, with rates up to 8%, buyer affordability is significantly diminished. Coming from the frenzied pandemic market where inventory was at historically low levels , sellers are holding the line and buyers are still the ones competing in this market. In the graphic to the right, you can see this more clearly.

Bracketing 74

Bracketing Marketing Sellers Buyers 74

Lamacchia Realty

AUGUST 3, 2021

Though there were several months through winter and spring that it never seemed possible this year, the market is slowly beginning to be less competitive for buyers. But if the home has been available long enough, it’s time to consider adjusting the list price to gain more visibility from more potential buyers.

Bracketing 69

Bracketing Sellers Buyers Inventory 69

Lamacchia Realty

MARCH 26, 2024

Elevated condo association and special assessment fees present an additional financial burden for condo owners, deterring potential buyers unless the purchase price is reduced sufficiently to offset the higher ongoing monthly costs. Source Inventory rises when more sellers are listing than buyers are buying.

Bracketing 73

Bracketing HOA Sellers Buyers 73

Realvals

AUGUST 4, 2022

Usability is of great significance here, where families are the main buyers. This makes it harder to adjust and can also be the difference between two completely different buyer pools. Most likely, the buyers would not be the same, and it would not make a good comparable. Bracketing. Best Practices for Comparable Sales.

Appraisal 78

Appraisal Bracketing Real Estate Buyers 78

Birmingham Appraisal

FEBRUARY 20, 2024

Understanding the Role of the Real Estate Appraiser When a home buyer finds a home they would like to purchase and have the need to obtain financing they will work with a lender. Each will determine what features move the needle on value for buyers and this will be reflected in their opinion of value.

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Agents Appraisal Real Estate Agent Bracketing 95

Birmingham Appraisal

AUGUST 14, 2024

Before the crash, this increase in the size of houses reflected the buyer’s desire for larger homes and the lender’s willingness to loan money for new construction. As a result, developers and buyers began to favor smaller, more affordable homes to reduce financial risk.

Bracketing 62

Bracketing Construction Design Real Estate 62

Lamacchia Realty

APRIL 27, 2022

It is suspected that available inventory will start to climb a bit with the rise in mortgage rates nationally, but South Florida may be less impacted, especially for condos, by the rates with so many cash buyers. As mortgage rates increase, housing affordability and securing financing becomes a very real concern for buyers.

New Listings 68

New Listings Bracketing Inventory Realty 68

Birmingham Appraisal

SEPTEMBER 26, 2023

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? For buyers, it could mean a potential bargain. There is a difference.

Real Estate Agent 94

Real Estate Agent Real Estate Clients Agents 94

Lamacchia Realty

JANUARY 10, 2022

In this ultra-competitive market, buyers need to do all they can to make the strongest offer when the right house becomes available. Then buyers will have a highly-skilled professional to help them implement some of the following tactics to help set their offer apart from others in a bidding war. Increase Your Down Payment.

Sellers 74

Sellers Inspection Buyers Bracketing 74

Lamacchia Realty

MARCH 12, 2024

With an expert in their corner, buyers will have a highly skilled professional to help them implement some of the following tactics to help set their offer apart from others in a bidding war. Some buyers send that message with a heartfelt letter showing how much they love the home. Appeal to their emotions. Real estate is a long game.

Inspection 74

Inspection Buyers Sellers Real Estate 74

Cornerstone

MARCH 3, 2021

The goal of pricing your home to sell is to enhance visibility and attract more buyers. Rather than getting locked into a negotiation with a single homebuyer, you can price your home to maximize demand so that more buyers are looking. It may actually repel potential buyers. Why’s it so important to price your house right?

Sellers 59

Sellers Bracketing Inventory Buyers 59

Birmingham Appraisal

FEBRUARY 6, 2024

More sales in the lower price bracket may indicate a decline in prices and more in the upper range may indicate an increase. 3) Avoiding Overpricing: If the DOM trend for sold properties in the area is longer than normal, it signals that buyers are taking longer to make a purchase decision and demand may not be strong.

Inventory 85

Inventory Real Estate Sellers Buyers 85

Birmingham Appraisal

NOVEMBER 14, 2023

Agents are looking out for the best interests of their clients and always want to sell their houses for the highest amount possible, however, unless a buyer is paying cash and does not need financing they will need to obtain an appraisal. If you have any questions feel free to contact me, I’d be glad to speak with you.

Market Value 94

Market Value Agents Appraisal Bracketing 94

Genworth MI Blog

NOVEMBER 29, 2018

Because of the lack of housing inventory (and available inventory) in rural markets, rural buyers are often less sensitive thank their urban counterparts to differences in housing styles and features. As such, the buyer’s options are limited, and they become less sensitive to differences in housing characteristics.

Appraisal 78

Appraisal Marketing Training Bracketing 78

Genworth MI Blog

NOVEMBER 29, 2018

Because of the lack of housing inventory (and available inventory) in rural markets, rural buyers are often less sensitive thank their urban counterparts to differences in housing styles and features. As such, the buyer’s options are limited, and they become less sensitive to differences in housing characteristics.

Appraisal 78

Appraisal Marketing Training Bracketing 78

Cornerstone

MAY 21, 2021

As you prepare to buy a home – either as a first-time buyer or as a seller who is buying a new house – it’s critical to know your monthly budget and exactly how much house you can afford. So, you might have to search for houses in a lower price bracket as rates increase if you want to stay within your budget. Now you know the truth.

Real Estate 61

Real Estate Loan Officers Bracketing Sellers 61

Town & Country Residential Appraisals

DECEMBER 16, 2019

A “Comparable Property” is: “Able to be compared to the subject property” A property that the buyer pool would likely also have considered in their search For standard homes, comps are all similar in nearly every area (location, condition, size, lot size, etc) and this makes the analysis far simpler. A recent sale.

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Bracketing Contracts Real Estate Agent Agents 36

Clear Capital

MARCH 4, 2024

In the world of real estate, location is king as it’s a primary consideration for buyers and the foundation of property values. Buyers generally prioritize location. This approach captures location and provides bracketing for features. For this month’s tip, we’ll focus on the three biggest factors in real estate.

Bracketing 36

Bracketing Appraisal Real Estate Valuation 36

Clear Capital

DECEMBER 21, 2022

By bracketing the salient features of the house in the appraisal report, appraisers sometimes overlook the proximity and location factors. In the home selection process, location is often the first thing that a buyer looks for in the report. When appraisers use distant sales, they might be looking at a different buyer pool. .

Appraisal 69

Appraisal Bracketing Clients Market Value 69

Raleigh Realty

MARCH 29, 2021

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. And if you're looking at a popular house, you could lose out to a more prepared buyer. USDA loans are for those in the low to moderate-income bracket. Department of Agriculture (USDA) coordinates loans, as well.

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Portland Appraisal Blog

APRIL 14, 2019

You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. We’ll have to cut price or find another buyer. It’s important to note that we’re in this situation in the first place because we didn’t get a cash buyer. 4) “Bracketing” of most major features. (No What just happened?

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

Clear Capital

NOVEMBER 14, 2022

Buying or refinancing a house is stressful for home buyers, and “being able to rely on a timely valuation can make a big difference,” says Heather Khan, Senior Analyst of Quality Assurance at Clear Capital. When this happens, buyers have to build it into the process to avoid deal expirations. Run a quick check before sending.

Appraisal 69

Appraisal Lending Bracketing Inspection 69

Lamacchia Realty

MAY 26, 2022

However, South Florida may be less impacted, especially for condos, by the rates compared to other regions with so many cash buyers in the market. The rise in mortgage rates will inevitably lead to a moderation of price increases given that less buyers will be in the market (i.e., Buyer Resources. What's Ahead? April 8, 2021.

New Listings 36

New Listings Bracketing Inventory Realty 36

Lamacchia Realty

SEPTEMBER 1, 2021

Turrets, elaborate shingle shapes, such as scallops, and scrolled brackets were now attainable resources. This style became prominent in the early 1900s as developments in manufacturing made it possible to produce the materials used in these designs.

Architecture 78

Architecture Decorating Modernization Design 78

Listing Spark

JUNE 7, 2024

These steeper interest rates make it harder to buy homes and place them in the right bracket for easy flips. Buyers can purchase homes with ample square footage, modern building code compliance, new appliances and materials, and all the other perks of new builds.

Investors 69

Investors Modernization Real Estate Tools 69

Lamacchia Realty

FEBRUARY 22, 2023

This stalemate has maintained low inventory and competition among buyers for what is available on the market. Buyers need to do all they can to make the strongest offer when the right house becomes available. Compose a Personal Letter Sellers are often more likely to choose a buyer with whom they feel comfortable.

Inspection 41

Inspection Buyers Sellers Bracketing 41

Appraisal Today

APRIL 14, 2023

The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. Appraisers sought to bracket the subject using three comparable sales. We have learned how to address areas that tend to be sticking points for Fannie Mae and Freddie Mac, such as bracketing elements of comparison.

Appraisal 52

Appraisal Bracketing Valuation Contracts 52