Appraisal Buzz

DECEMBER 30, 2024

Redfin reports a major reason for the jump in housing supply is a pileup of unsold homes, many of which buyers have deemed undesirable because they seem overpriced. The typical home that did go under contract in November did so in 43 days, the slowest November pace since 2019. a year earlier. In Portland, 58.7% metropolitan areas.

HOA 221

HOA Inventory Real Estate Agent Contracts 221

Housing Wire

JULY 10, 2024

Seller / Buyer/ Balanced). There is no advantage to either buyers or sellers in this type of market. Buyer’s Market – Greater than six months’ worth of inventory in the area. There are usually many properties available at different price points in a buyer’s market and properties generally take longer to sell.

Sellers 435

Sellers Real Estate Agents Clients 435

Will Springer Realtor

MAY 2, 2023

Home buyers are consumers. They have safeguards built in to written agreements such as a purchase contract on a home. These buyers also have the right to either add or omit some of those available rights when their real estate broker drafts an offer. FINANCING The financing contingency is critical for the buyer.

Contracts 58

Contracts Buyers HOA Inspection 58

Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Empire Appraisal Group

JUNE 29, 2023

million homes in homeowners’ associations (HOAs), most of our members have helped prepare contracts that address issues associated with association rules. The condo disclosure comes from Section 718.503, Florida Statutes, and the HOA disclosure comes from Section 720.401, Florida Statutes. . – With over 1.5

HOA 78

HOA Contracts Sellers Buyers 78

Listing Spark

JANUARY 5, 2025

Some of the expenses you can expect as a seller in Texas are: Commissions Title Insurance Policy HOA Fees: Its a good idea to call your HOA to find out what expenses are incurred by the seller in your neighborhood Home Warranty Survey (if you dont have your existing one) Misc. Or better yet, hire a handyman to do it right.

Sellers 69

Sellers HOA Real Estate Agent Contracts 69

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them.

Contracts 52

Contracts Appraisal HOA Architecture 52

Listing Spark

FEBRUARY 6, 2023

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. As a seller, this can help to ensure that buyers have the actual cash they are claiming they have.

Contracts 36

Contracts Real Estate Sellers Buyers 36

Listing Spark

DECEMBER 9, 2020

It is more than likely that if you are selling a residential home in Texas the buyer is going to ask you (home seller) to pay for the title insurance policy. Buyer and Seller will each pay an escrow fee at closing. Some title companies will pass those fees on to the buyer and seller. Title Company Fees. Contractual Expenses.

Sellers 69

Sellers HOA Insurance Contracts 69

D Fritz Appraisals

MARCH 16, 2021

HOA documents – if you live in an HOA neighbourhood, the appraiser will need to see the costs, regular maintenance schedule, history of fee increases, etc. It’s important to note that any undisclosed additions can cause a breach of conditions in your sale contract.

Appraisal 129

Appraisal HOA Easement Valuation 129

Appraisal Today

JULY 5, 2024

This likely has to do with the cost of building a pool, cost of maintaining a pool, and even larger parcels at higher ranges – not to mention buyers at higher price points expecting a pool more often. Often sellers said they would remove the pool, but the buyers never requested it. This is where we have to study the comps.

HOA 65

HOA Appraisal Real Estate Contracts 65

Raleigh Realty

AUGUST 27, 2021

Here's everything you need to know about buying a home Whether you are a first-time home buyer or a seasoned veteran of the housing market, buying a house is no small undertaking. There is nothing worse for a buyer than starting to look at homes online, falling in love with a few, then realizing that they are not in your budget.

Real Estate Agent 78

Real Estate Agent HOA Real Estate Agents 78

Listing Spark

APRIL 2, 2021

When reviewing the standard residential contract (called a 1-4 residential contract) plus numerous addendums, it can be difficult to unpack who pays for closing costs in Texas. Buyer and Seller will each pay an escrow fee at closing. Spark Title for example, does not pass along any of these to the buyer or seller).

HOA 36

HOA Sellers Insurance Contracts 36

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. The number of homes listed decreased by 10% The number of homes placed under contract decreased by 14.1% South Florida Sales Decline by 17.5%

HOA 46

HOA Inventory Buyers Contracts 46

Listing Spark

APRIL 2, 2021

When reviewing the standard residential contract (called a 1-4 residential contract) plus numerous addendums, it can be difficult to unpack who pays for closing costs in Texas. Buyer and Seller will each pay an escrow fee at closing. Spark Title for example, does not pass along any of these to the buyer or seller).

HOA 36

HOA Sellers Insurance Contracts 36

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 55

Bracketing HOA Sellers Buyers 55

Listing Spark

NOVEMBER 11, 2022

In order to get the most exposure and the most potential buyers, your goal should be to get on as many sites as possible. 97% of home buyers search for their home online so there is no question that this is a critical step. However, the majority of home buyers are looking for homes on the MLS and not searching on FSBO sites.

Realtors 36

Realtors Contracts HOA Sellers 36

Zillow

JULY 15, 2019

Buyers market : Market conditions that exist when homes for sale outnumber buyers. Cancellation of escrow : A situation in which a buyer backs out of a home purchase. Capacity : The amount of money a home buyer can afford to borrow. Buyers should budget for an amount that is 1% to 3% of the home's purchase price.

Real Estate Agent 56

Real Estate Agent Inspection Insurance Sellers 56

Will Springer Realtor

APRIL 6, 2021

In the complex world of condominiums, it is as important to know which buildings are favorable for financing as it is to ensure a buyer’s eligibility for the mortgage itself. The more lenders interviewed, the better the odds of finding the right fit for the buyer. A good lender will tell just how big a deal that could become!)

HOA 36

HOA Mortgage Buyers Insurance 36

Lamacchia Realty

FEBRUARY 27, 2024

2024: 12,307 2023: 9,929 2022: 10,583 Pending Home Sales: The number of homes placed under contract is down by 9.1% What does this mean for Buyers ? More inventory translates to more options for buyers as well as potentially less competition and a stabilization or eventual reduction in home prices! when compared to January 2023.

Inventory 48

Inventory Sellers Real Estate Buyers 48

Lamacchia Realty

JULY 29, 2024

It’s expected with tight inventory that prices will increase due to buyer competition with bidding wars. That said, for most residential real estate in the region, sellers are well advised to list their homes competitively due to unprecedented affordability challenges for buyers. Prices Increase 13.1% over this timeframe in 2023.

Sellers 51

Sellers Buyers Insurance Inventory 51

Lamacchia Realty

MARCH 28, 2023

New listings and pending sales are also down year over year as many sellers are hesitating to put their homes on the market, so less homes are being placed under contract and inevitably less homes are closing. Rates will continue to be volatile, keeping both buyers and sellers on their toes though the spring months.

New Listings 50

New Listings Sellers HOA Buyers 50

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. Your neighborhood may require homeowner's association (HOA) fees, too. Due diligence stretches from the time you sign a contract to closing. These fees can add a few hundred dollars to your monthly payments.

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Raleigh Realty

AUGUST 20, 2022

When many buyers consider the cost of purchasing a home, the mortgage payment is typically the expense that immediately comes to mind. Whether you are a first-time home buyer or an experienced buyer, you will want to familiarize yourself with all the costs of buying a home Your Real Estate Agent is not a cost to you as a buyer.

Property Taxes 78

Property Taxes Real Estate Agent Insurance Real Estate 78

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. I got it mostly for MLS access and have only done one sale, representing the buyer. percent from 0.6

Appraisal 80

Appraisal Agents Real Estate Real Estate Agent 80

Raleigh Realty

MAY 3, 2021

First-time home buyers have many advantages available to them when it comes to first-time home buyer mortgage programs. You won't need to put as much money down on the front end First-time Homebuyer Loans May Help Unconventional loans often turn out to be the more affordable option for younger buyers. Try a USDA Loan The U.S.

Real Estate Agent 78

Real Estate Agent Real Estate Inspection Insurance 78

San Jose Real Estate

SEPTEMBER 23, 2024

This refers to anything that the seller gives or grants to the buyer. What is a seller concession? Sellers are not the only ones who can grant concessions, but right now it’s in the news more due to changes this year in how we sell real estate and the forms and clauses we use to do so. Concessions are a normal part of negotiation.

Sellers 36

Sellers Counter Offer Buyers HOA 36

Appraisal Today

FEBRUARY 2, 2024

I have not seen an effect on value for the homes next to apartments, but it is a marketability issue for savvy buyers. There is no formal HOA either. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) remained unchanged at 6.78 percent from 6.51 percent from 6.31

Appraisal 66

Appraisal Contracts Training Real Estate 66

PennyMac

AUGUST 14, 2024

Cons: Potential for Dual Mortgages: If your current home doesn’t sell quickly, you might end up juggling two mortgages, along with other costs like utilities, taxes, homeowners association (HOA) fees and insurance. You’ll also need to factor in ongoing costs like property taxes, homeowners insurance, applicable HOA fees and maintenance.

Real Estate Agent 47

Real Estate Agent HOA Finance Real Estate 47

Will Springer Realtor

NOVEMBER 10, 2023

That’s the fourth-highest number of residents of any state and it’s only expected to grow as HOAs become increasingly common. We can look back to post-World War II when HOAs helped to create the initial segregation of the suburbs with planned developments – such as Levittown in New York – and gated communities. Census data.

HOA 36

HOA Buyers Law Supply Chain 36

Listing Spark

JULY 5, 2023

Presenting a clean and simple contract and taking on some of the fees may make your offer more appealing. You will also want to make sure you get the HOA documents as early as possible to ensure there’s not a cap or a full restriction against short-term rentals (ex., Airbnb) or long-term rentals. But this adds up quickly.

Investing 36

Investing Real Estate HOA Sellers 36

Listing Spark

JUNE 13, 2024

Benefits of FSBO Cost Savings : Avoid the traditional 6% commission fee, often split between buyer and seller agents. Direct Interaction : Engaging directly with buyers can streamline communication and shorten the selling process. Buyers in this state are often looking for homes with modern updates and well-maintained properties.

Realtors 36

Realtors Open Houses Legal Real Estate Agent 36

Will Springer Realtor

MAY 9, 2022

That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. Sidenote: Adjustable-rate mortgages (ARMs), which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for new buyers financing a home.

Architecture 36

Architecture Design Buyers Construction 36

PennyMac

JUNE 28, 2022

More specifically, closing costs are fees that you (as the buyer) will pay to third parties who have performed services for purchasing your home. Closing costs can apply to both the buyer and seller. Most of the fees involved in closing costs apply primarily to the buyer, so usually the buyer pays most of the closing costs.

Property Taxes 36

Property Taxes Insurance Sellers Inspection 36

PennyMac

JANUARY 3, 2024

A contingency clause in the purchase contract allows you to back out of a contract if the sale of your current home doesn’t go through within a specified timeframe. Other home expenses, such as property taxes, utilities, homeowners insurance and often costly homeowners association (HOA) dues, will also continue until you sell.

Real Estate Agent 36

Real Estate Agent Buyers Real Estate Mortgage 36

Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Even stock investments, the source of many down payments for buyers, have taken a heavy blow. FOR FIRST-TIME BUYERS, NOW WHAT? Washington, D.C.,

Housing Market 36

Housing Market Marketing Inventory HOA 36

Will Springer Realtor

MAY 13, 2024

Sellers accused NAR and other defendants of unlawfully inflating compensation paid to agents to bring financially qualified buyers to homes.Potential members of the class action can send objections or comments about the settlement to the court. About three-quarters of the 459 residences are under contract with a target opening late this year.

HOA 36

HOA Transportation Construction Buyers 36