McKissock

APRIL 20, 2021

Becoming a real estate agent requires a giant leap of faith and an investment of time and money. That’s why some agents may choose to test the waters with a part-time real estate position while hanging onto a steady income from another job. How much is a part-time real estate agent salary?

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? While a land contract might be ideal for you, there are important details you need to know, first.

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

JULY 19, 2022

Freddie Mac and Fannie Mae give [lenders] a little bump on their origination fee to encourage small-dollar lending,” said Loftin. Loftin also suggested a subsidy for real estate agents, because “they can’t make a living selling $40,000 homes.” It’s an acknowledgement that you’re making less on a small-dollar loan.”.

Mortgage 377

Mortgage Finance Lending Development 377

Housing Wire

JUNE 14, 2022

It also plans to reduce costs by not backfilling roles and by getting out of real estate office leases. Both Redfin and Compass are considered disruptors in the real estate industry, but neither has managed profitability. Redfin is rare in that it has salaried real estate agents as opposed to independent contractors.

Marketing 368

Marketing Real Estate Real Estate Agent Brokerage 368

Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? I will always remember when, many years ago, a top local real estate agent asked me why I was driving around taking photos of homes.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Housing Wire

FEBRUARY 9, 2021

Specifically, they want to be sure it’s worth the money they’re lending you and, most importantly, that they’ll recoup their investment if you default on the loan. But what does it mean for you as the buyer? More for Real Estate Enthusiasts. Your real estate agent can help if you decide to go this route.

Appraisal 458

Appraisal Real Estate Agent Real Estate Sellers 458

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. This is a bit of a gamble since the buyer won’t know for sure if they have to use the money until after the appraisal.

Inspection 441

Inspection Sellers Buyers Tools 441

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. Tozer suggested “a fee of 1.3%

Mortgage 365

Mortgage Loan Officers Government Buyers 365

Housing Wire

DECEMBER 21, 2023

The VA makes a guarantee to the lending institution for 25% of the loan amount and the lender is responsible for evaluating the eligibility of the borrower. The VA approves and contracts with local appraisal professionals to ensure a seamless process. David Smith is the VP of National VA Lending at loanDepot.

Mortgage 434

Mortgage Renovations Appraisal Process Finance 434

Appraisal Buzz

MAY 17, 2021

Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. Prices were escalating quickly, and buyers were purchasing in a frenzy for fear of being left behind and not being able to get their foot on the property ladder. Appraisers’ jobs are not to facilitate mortgage lending.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. It never will be. I’ll explain later.)

Agents 390

Agents Buyers Sellers Inventory 390

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. How hybrid title and valuations help increase lending efficiency. For purchase, we have one buyer who is struggling to get an offer accepted,” she said. “He

Appraisal 540

Appraisal Reconsideration of Value Real Estate Agent Sellers 540

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.

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Realtor

JULY 13, 2021

Getty Images Buyers, we know it’s hard out there for you right now. All of this demand means buyers are going to ever-greater lengths to make their offer stand out. All of this demand means buyers are going to ever-greater lengths to make their offer stand out.

Inspection 203

Inspection Real Estate Agent Real Estate Buyers 203

Housing Wire

NOVEMBER 3, 2023

Real estate commissions are under the microscope. With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry.

Real Estate 297

Real Estate Brokerage Property Management Buyers 297

Housing Wire

NOVEMBER 1, 2021

That means you’ve been thinking about real estate agents…a lot. The purchase money mortgage transaction begins with the real estate sales contract and that’s not something our industry controls. It’s the real estate agent who has the consumer’s trust at this point.

Real Estate Agent 379

Real Estate Agent Real Estate Agents Lending 379

Appraisal Today

SEPTEMBER 6, 2024

Newz: Disturbing AMC Violations, Appraiser and Real Estate Agent Communication September 6, 2024 What’s in This Newsletter (In Order, Scroll Down) Top 10 Things Appraisers Wish Real Estate Agents Understood Divorce Appraisal Red Flags Carmel’s Iconic and Artistic ‘Owl House’ $3,750,000 Housing Market Update: August 2024 Please!

Real Estate Agent 88

Real Estate Agent Real Estate Appraisal Agents 88

Housing Wire

DECEMBER 13, 2022

They will continue investing in new technologies and lending programs. Brokers and LOs need to make sure they have solid relationships – with both real estate agents and with lenders who have the technology to help their clients get to the closing table. Challenging times bring out two different kinds of lenders.

Technology 370

Technology Clients Real Estate Agent Business 370

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. The other party has no obligation to respond to you, but your real estate agent can reach out to learn their motivation for declining your proposal.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We would feed them leads, but they came back to us because they didn’t know how to structure the full document deals,” Jay Voorhees, co-founder at JVM Lending, said in an interview with HousingWire.

Lending 365

Lending Real Estate Agent Loan Officers Retail 365

Eppraisal

FEBRUARY 17, 2023

The average consumer may not know the difference between the two, however, home buyers and sellers need to know. Comparable Market Analysis Real estate agents and brokers can prepare a professional, written comparable market analysis (CMA) for you if you are selling your home. These are often referred to as "comps."

Appraisal 36

Appraisal Real Estate Agent Marketing Real Estate 36

Birmingham Appraisal

AUGUST 23, 2023

In the often chaotic world of real estate, the appraiser-agent relationship can contribute to a smoother process. When real estate agents and appraisers work together seamlessly, clients benefit from well-informed decisions, transactions become smoother, and professional relationships are strengthened.

Agents 88

Agents Appraisal Valuation Appraisal Process 88

Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

Agents 91

Agents Appraisal Real Estate Agent Bracketing 91

Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes.

Realtors 83

Realtors Appraisal Market Value Real Estate Agent 83

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

Hank Miller Team

NOVEMBER 22, 2022

Appraisers and home inspectors are important parts of a real estate transaction, but they serve completely different purposes. There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. What is a Real Estate Appraisal?

Inspection 52

Inspection Appraisal Buyers Sellers 52

Birmingham Appraisal

SEPTEMBER 15, 2022

A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. What is a Mortgage Appraisal? Appraisal vs Home Inspection.

Appraisal 95

Appraisal Inspection Appraisal Process Real Estate Agent 95

Housing Wire

NOVEMBER 16, 2023

billion in damages to residential home sellers who successfully proved that the organization – which represents real estate agents at most of the top brokerages in the United States – colluded with other defendants to inflate agent commissions. Unless the decision is appealed, NAR will have to pay at least $1.8

Realtors 391

Realtors Contracts Real Estate Agents 391

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 Insurance Inspection Buyers 56

Eppraisal

JANUARY 23, 2024

However, first-time buyers tend to be more vulnerable to scams, from financing to maintenance and remodeling.  It's  Other lending scams include interest rate offers much lower than average and monthly mortgage payment scams. Homeownership is an exciting chapter of anyone's life.

Legal 36

Legal Real Estate Agent Lending Real Estate 36

Eppraisal

APRIL 20, 2021

If there are multiple offers, the seller's agent will probably ask each buyer for their "highest and best" offer in price and terms of the contract. A mortgage company will not lend more money than the house appraises for. Many buyers will need the extra money to pay the difference. It's that simple.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Will Springer Realtor

JULY 20, 2021

There was a time not too long ago when almost all residential real estate transactions required face-to-face customer interaction with a real estate agent/broker and ancillary services such as title, escrow, mortgage and home inspection. Partnering with Priority Home Lending , John L. For instance, John L.

Real Estate 36

Real Estate Sellers Contracts Buyers 36

Movoto

JANUARY 31, 2022

You’ve worked with a real estate agent , toured an endless number of properties, got an offer accepted , navigated the mortgage process , and now you’re in the final stretch. The closing process typically involves a number of different parties: You: The buyer. Get excited! It’s time to close on your home.

Real Estate Agent 36

Real Estate Agent Sellers Insurance Buyers 36

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

Most people know that appraisals need to be completed for lending purposes. But did you know there are a number of other reasons you should be contracting an appraiser to perform a professional valuation on your property? When you are a cash buyer you definitely want to get an appraisal.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

Raleigh Realty

MARCH 26, 2022

What Is A Buyer's Agent? What is a Buyer's Agent in Real Estate and do I need one when buying a home? We have all that answered and more If you are wondering if you should use a Buyer's Agent the answer is easy, yes. How do I measure the square footage of a home?

Real Estate 148

Real Estate Buyers Agents Contracts 148

Appraisal Today

JULY 29, 2022

57 Weird Real Estate Agent Photos. Excerpt: Yes, many great real estate photos really capture the house. More Terrible Real Estate Agent Photos for Appraisers. Spiking housing supply & fewer buyers. This is actually about fewer buyers getting into contract.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Housing Wire

MARCH 28, 2024

Hopeful their initial offer might be accepted or that they might beat out other potential buyers. Unfortunately, those ads don’t talk much about the next month or six weeks, the period real estate professionals call the “settlement process.” It doesn’t lend itself to a 24-hour cycle. But there’s also room for improvement.

HOA 418

HOA Property Management Real Estate Agent Technology 418