Housing Wire

JUNE 11, 2021

A home inspector, hired and paid by the buyer typically, will look at the plumbing, electricity and the overall foundation of the home and then provide a report with their findings. While home inspections aren’t required, they provide the buyer with several important opportunities in the home-buying process.

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Inspection Appraisal Appraisal Process Buyers 459

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?

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Inspection Sellers Buyers Tools 468

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.)

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Agents Buyers Sellers Inventory 435

Appraiserblogs

JANUARY 8, 2024

The seeming destruction of the appraisal profession by the federal government, GSEs and lending stakeholders is a collective action problem. Appraisers are responding to new GSE and lending dictates with reactions based on our own personal well-being. It is appraisers who are destroying the message.

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Appraisal Valuation Lending Contracts 129

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. ” A recent report from researchers at The Pew Charitable Trusts underscored the challenges of small-balance mortgage lending. It’s an acknowledgement that you’re making less on a small-dollar loan.”.

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Mortgage Finance Lending Development 397

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? Your next move would be to renegotiate with the seller. Ask for seller concessions to make up for the increased price.

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Appraisal Real Estate Agent Sellers Real Estate 482

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. So why is this program so rare?

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Mortgage Loan Officers Government Buyers 397

Housing Wire

NOVEMBER 3, 2023

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. billion in commissions they paid to buyers’ agents in the past eight years.

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Real Estate Brokerage Buyers Property Management 344

Housing Wire

OCTOBER 1, 2022

Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. However, in many areas of the country it does remain a seller’s market. Another reason why distressed sales are likely low, is that lending standards remain tight.

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Realtors Housing Market Marketing Buyers 418

Appraisal Buzz

MAY 17, 2021

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. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. How do we combat this?

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Appraisal Clients Real Estate Sellers 420

Housing Wire

JANUARY 20, 2023

The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022. I have often said that anytime days on the market are at a teenager level, nothing good will happen.

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Inventory Housing Market New Listings Marketing 541

Housing Wire

JUNE 14, 2022

HousingWire recently spoke with Jon Irvine, Chief Production Officer at Change Lending, about how brokers can gain a new competitive advantage in the current tight market. Such market volatility has led to sleepless nights for real estate agents and LOs as well as buyers and sellers in recent few days.

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Marketing Real Estate Real Estate Agent Brokerage 370

Listing Spark

JUNE 21, 2022

Back then, terrible lending regulations, a surplus of inventory, and little to no equity for homeowners was a recipe for disaster. The good news for sellers is that the Texas median list price is up over 18% YOY. So, don’t panic if your home doesn’t have a contract in the first week or two of being on the market. . SOURCE: St.

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Sellers Housing Market Marketing Inventory 69

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. With others waiting in line behind her, the seller wouldn’t budge on price. How hybrid title and valuations help increase lending efficiency. Presented by: Altisource. “I

Appraisal 540

Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Realtor

JULY 13, 2021

Getty Images Buyers, we know it’s hard out there for you right now. In our current seller’s market, the national inventory of active listings is down 43.1% All of this demand means buyers are going to ever-greater lengths to make their offer stand out. Mold remediation.

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Inspection Real Estate Agent Real Estate Buyers 203

Housing Wire

NOVEMBER 1, 2023

I was speaking to someone the other day who said, ‘If you’re in this business [mortgage lending], I can’t see a downside to a recession.’” And so virtually every deal being put on the table now is an asset-only, earn-out offer, with no money upfront, so they [the seller] get paid assuming the buyer makes a profit. “So,

Mortgage 468

Mortgage Loan Officers Finance Buyers 468

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?

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Real Estate Real Estate Agent Contracts Inspection 148

Housing Wire

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

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Marketing Mortgage Investors Sellers 455

Birmingham Appraisal

AUGUST 23, 2023

The agent’s client (buyer or seller) can make an informed buying or selling decision and the appraiser’s client (bank) can make an informed lending decision. Creating Accurate Initial Expectations: Agents and appraisers collaborating early in the process help set accurate expectations for buyers and sellers.

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Agents Appraisal Valuation Appraisal Process 84

Housing Wire

JUNE 9, 2022

That is typically accomplished through whole loan sales or private label securitizations along with hedging — such as the use of third-party forward contracts that allow for bulk loan sales at a future date at a predetermined rate. Yoon added that the new app also will “be built on the backside as blockchain-capable.”

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Marketing Contracts Technology Mortgage 397

Eppraisal

OCTOBER 19, 2021

This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. Buyers are offering sellers prices considerably above list price in many cases. This impacts the lenders, the sellers and the buyers in the transactions.

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Appraisal Contracts Sellers Home Value 66

Eppraisal

OCTOBER 23, 2023

The seller can reject your bid, make a counteroffer or accept your original proposal. Your response depends on how the seller replies. If the Seller Rejects Your Offer The seller may deny your home purchase offer for various reasons. You can say no to the counteroffer, accept it or propose new changes to the contract.

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Real Estate Agent Sellers Inspection Real Estate 69

Miller Samuel

FEBRUARY 12, 2019

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Miller said there are more buyers today compared to 2009, but those buyers are “very jaded about what value is.” In 2018 the discount was 5.2%. That process can take time.

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Marketing Real Estate Appraisal Sellers 221

Eppraisal

FEBRUARY 17, 2023

The average consumer may not know the difference between the two, however, home buyers and sellers need to know. " All in all, a CMA is performed by a real estate agent for a home seller or a home buyer. An appraisal is ordered by the buyer's bank or mortgage company after a buyer has a contract on a home.

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Appraisal Real Estate Agent Marketing Real Estate 36

Hank Miller Team

NOVEMBER 22, 2022

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. In most cases, if a home buyer is getting a mortgage, an appraisal will be completed. The appraiser represents the interests of the home buyer's lender.

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Inspection Appraisal Buyers Sellers 52

Birmingham Appraisal

FEBRUARY 20, 2024

It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what. The lender, whether it be a bank, mortgage company, credit union, or other financial institution will provide the buyer with the funds through a mortgage to pay for the house.

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Agents Appraisal Real Estate Agent Bracketing 87

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 448

Realtors Contracts Real Estate Agents 448

Will Springer Realtor

JULY 20, 2021

Gone are the days of buyers and sellers walking into a real estate office to pore over books filled with the latest MLS listings, review typed contracts in triplicate and take in the smell of singed facsimile paper in the air. Partnering with Priority Home Lending , John L. What’s a Rolodex?! For instance, John L.

Real Estate 36

Real Estate Sellers Contracts Buyers 36

Birmingham Appraisal

JUNE 13, 2023

However, as an appraiser, I have to look beyond the offers and consider other factors that affect market value, such as supply and demand, market trends, buyer preferences, financing conditions, etc. If there are no comparable sales that support the contract price, this may result in a lower appraised value.

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Real Estate Agent Real Estate Agents Reconsideration of Value 79

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. In parts of the country, sellers are receiving significantly more than asking price. 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.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Listing Spark

DECEMBER 15, 2022

Brandon Smith, who has over 13 years of investing and lending experience, specializes in owner financing and has developed a successful system for sourcing deals and minimizing risk. How to qualify buyers so that you have a low default rate on owner financing deals. Why some buyers can’t qualify for more traditional financing.

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Finance Investing Real Estate Lending 36

D Fritz Appraisals

AUGUST 12, 2019

Upon acceptance of your offer, the next steps are usually: home inspection – a voluntary third-party service ordered by the buyer, and. home appraisal – an often mandatory step the buyer’s lender insists on. They both happen prior to the sale of a home and are often both added as subjects on a contract.

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Inspection Appraisal Real Estate Property Appraisal 94

Empire Appraisal Group

JANUARY 11, 2023

But if inflation continues to slow and rates stabilize, that could bring more buyers back to the market and boost demand for housing, Yun said. Home buyers still will face sticker shock, Hale said, “but they will have more time to make a decision and more options.”. NAHB: Sharp Contraction in Construction. Realtor.com®

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Real Estate Marketing Buyers Sellers 78

Realtor

DECEMBER 7, 2019

Monopoly: Hasbro Concept: Greg Chow In a white-hot market, you may feel pressure to make some concessions to win over a seller—and, no, we’re not talking about sending a basket of banana-nut muffins. That’s all hunky-dory in a buyer’s market. You want the house, and the seller doesn’t want any hiccups.

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HOA Inspection Sellers Appraisal 108

Appraisal Today

JUNE 21, 2024

To read the listing, plus a video tour and 22 photos, Click Here An open letter to overpriced sellers And some fun memes ;> June 12, 2024 By Ryan Lundquist Excerpts: Yes, the above top image is a Xena Warrior Princess meme. It tells us more about the trend one month ago when the property got into contract. Don’t get me wrong.

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Appraisal Architecture Contracts Design 74

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. At Raleigh Realty we have some of the best Buyer Agents and Realtors on our team.

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Real Estate Buyers Agents Contracts 148

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.

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Real Estate Agent HOA Real Estate Agents 78