Housing Wire

NOVEMBER 4, 2024

Although I was certainly nervous about the process, I knew I was far better prepared — and had far more resources and industry experts available for consultation — than most first-time buyers. Lamacchia Realty is using its own buyer representation agreements , and I found the form straightforward and easy to understand.

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Agents Inspection Real Estate Sellers 435

Appraisal Buzz

JULY 18, 2022

Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market. Increasing DOM is not necessarily correlated with decreasing prices, but it does mean buyers will have more choices and will be able to regain some bargaining power in negotiations. So, how do you comp in this market?

Sellers 435

Sellers Marketing Market Value Home Value 435

Appraisal Buzz

FEBRUARY 4, 2025

While the term may sound scaryand is most definitely illegala new survey from CertifID showed how many first-time homeowners are at-risk or more likely to be victims of real estate wire fraud. Many homebuyers and sellers simply dont know that wire fraud is a thing. An estimated 52% of 1,500 homebuyers and sellers in the U.S.

Real Estate 363

Real Estate Real Estate Agent Sellers Agents 363

Housing Wire

NOVEMBER 20, 2023

The Sitzer/Burnett trial out of Kansas City found the National Association of Realtors (NAR) guilty of conspiring to inflate agent commissions — sparking a debate over agent commission fees and the longstanding role of buyer agents in real estate transactions. But what happens if consumers pivot away from buyer agents altogether?

Buyers 482

Buyers Agents Real Estate Agent Loan Officers 482

Housing Wire

FEBRUARY 26, 2024

Last year at this time, we were seeing surprising home buyer demand with rates having fallen to the low 6s. We still see more sellers than last year. Home prices aren’t falling but the growth signals are definitely softening. More sellers with price cuts than a year ago. As demand slows, inventory grows.

Sellers 468

Sellers Inventory New Listings Contracts 468

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. Change is on the horizon.

Real Estate Agent 476

Real Estate Agent Real Estate Buyers Agents 476

Housing Wire

OCTOBER 25, 2024

With NAR’s settlement requiring agents to have a signed buyer agency agreement with every buyer that spells out how much the agent will be paid in a transaction, many believed that buyers using a loan from the U.S. Department of Veterans Affairs (VA) would be disadvantaged.

Buyers 448

Buyers Real Estate Realtors Agents 448

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

Clients 459

Clients Agents Buyers Sellers 459

Housing Wire

OCTOBER 24, 2024

A referral estate referral occurs when a licensed agent or broker passes along a prospective buyer or seller to another licensed agent to handle a transaction. The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes.

Real Estate 433

Real Estate Real Estate Agent Agents Clients 433

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. To attract potential buyers, sellers have to make sure their home is aesthetically pleasing.

Sellers 546

Sellers Real Estate Agent Real Estate Decorating 546

Appraisal Buzz

FEBRUARY 3, 2025

In a recent selling guide announcement by Fannie Mae (November 6, 2024), it was mentioned that they had collaborated with Freddie Mac to update the standardized definitions for neighborhood and market area. The updated definitions are provided below, along with their corresponding definitions from the Appraisal Institute.

Valuation 388

Valuation Appraisal Real Estate Architecture 388

Housing Wire

AUGUST 28, 2024

Firstly, compensation offers will now be eliminated in MLSs, meaning that they will no longer be displayed or allow offers of compensation to buyer agents. This is a fundamental shift in how real estate transactions are conducted and will require both agents and buyers to adapt to a new way of negotiating and communicating about fees.

Real Estate 481

Real Estate Sellers Agents Buyers 481

Housing Wire

MAY 26, 2023

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We Oftentimes this leads to the discovery of vacant lots. million, according to NAR.

Sellers 397

Sellers Real Estate Realtors Real Estate Agent 397

Housing Wire

JULY 23, 2024

With mortgage rates still hovering around 7%, economists believe buyers are waiting out the next few months until the Federal Reserve cuts benchmark rates, which is expected in September. “We’re We’re seeing a slow shift from a seller’s market to a buyer’s market,” NAR chief economist Lawrence Yun said in a statement.

Inventory 508

Inventory Buyers Inspection Sellers 508

Housing Wire

SEPTEMBER 30, 2024

We are not seeing that same buyer frenzy we were seeing six months ago,” said Audra Fontanella, the broker-owner of Bergen County-based RE/MAX Venture Realtors. “We I am currently dealing with more buyers than before, but there is less pressure right now on buyers to pull the trigger and put in an offer on something.”

Housing Market 432

Housing Market Marketing Inventory Agents 432

Housing Wire

FEBRUARY 12, 2025

Buyer after closing Dear (Buyer Name), It was a pleasure working with you! Seller right after a listing appointment Dear (Seller Name), It was so nice meeting you today! We ended up receiving (X number) of offers, so many buyers still want to be in this neighborhood/building! Youre the best!

Real Estate 359

Real Estate Clients Real Estate Agent Open Houses 359

Housing Wire

OCTOBER 21, 2021

As the COVID-19 pandemic has opened the possibilities of working remotely, more and more people are looking to buy a house in Vermont’s largest city, causing a huge swell in demand in an area that was already flush with prospective buyers. Buyers from across the country have set their sights on Burlington. “We

Buyers 397

Buyers Inventory Agents Realty 397

Housing Wire

AUGUST 8, 2024

“Now they will have to come up with payment for real estate agent services, but that may be challenging for some who are already challenged in terms of coming up with enough down payment,” Hepp said of first-time buyers. “So, So, say it gets rolled into their mortgage or they have to get another loan to pay it off.

Housing Market 488

Housing Market Marketing Mortgage Sellers 488

Housing Wire

APRIL 22, 2024

We’re watching sales volumes , which are definitely up over past year but remain slow. Housing inventory When we look at the active inventory of unsold homes on the market, we can definitely see the impact of higher mortgage rates in the past month. We are also consistently measuring more sellers coming back into the market.

Inventory 531

Inventory New Listings Sellers Contracts 531

Housing Wire

JANUARY 13, 2023

Going from a volatile rate environment in the latter half of 2022 to a market with lower, more stabilized rates, there’s optimism spreading across the industry that buyers will come back. Ben Cohen: I’ve definitely seen an increase in inbound calls from people wanting to get pre-approved to buy a home.

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Buyers Housing Market Marketing Real Estate Agent 418

Housing Wire

OCTOBER 7, 2024

” “There’s definitely activity happening behind the scenes,” Brett Ludden, managing partner at Sterling Point Advisors , said last week during HousingWire ’s IMB Summit in Dallas. Buyers are feeling better about the market and that they are more able to afford a deal. Rates are starting to go down.

Mortgage 417

Mortgage Sellers Technology Valuation 417

Appraisal Buzz

AUGUST 16, 2021

Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value. She had a mountain of offers and sent me a spreadsheet of them once she had obtained the ‘highest and best’ from all the potential buyers.

Market Value 448

Market Value Buyers Appraisal Sellers 448

Housing Wire

MAY 6, 2024

More home sellers are coming back to the market each week. That makes a total seller count of 93,000 for the week, which is 20% more than last year at this time. At that time, there were more sellers and more sales. We’ll continue to see the number of sellers grow gradually.

Inventory 476

Inventory Contracts Sellers New Listings 476

Housing Wire

AUGUST 19, 2024

Slower growth of unsold homes on the market is a result of too few sellers on the supply side and stability on the demand side. New listings come at slow rate On the new listings side, we’ve covered the slow rate of sellers now for two full years. There’s no sign of any big surge in sellers. Texas inventory grew by 1.5%

Inventory 444

Inventory New Listings Sellers Buyers 444

Housing Wire

MARCH 22, 2024

These rising costs are understandably impacting the ability or willingness of some buyers to purchase specific properties. We are seeing contracts fall through during the due-diligence period because of the sticker shock on insurance costs, so that is definitely a problem.” It is definitely a significant concern and issue,” Smith said.

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Insurance Inventory Marketing Real Estate 448

Housing Wire

NOVEMBER 14, 2023

At the center of the plaintiffs’ complaint is the National Association of Realtors’ Clear Cooperation policy, which requires listing brokers to make a blanket offer of compensation to buyers’ brokers in order to list the property on the MLS. “In This would lead to competition among buyer brokers to offer lower commission rates.

Real Estate 435

Real Estate Realtors Realty Real Estate Agent 435

Housing Wire

JUNE 20, 2024

On the sell side, agents say that low mortgage rates from a purchase or refinance transaction in late 2020 or early 2021 are keeping many potential sellers in their home. “A Buyers are taking their time and they definitely are being pickier,” Wallace said. There is no advantage for a seller to work with an offer like that.

Housing Market 448

Housing Market Agents Marketing Inventory 448

Appraisal Buzz

OCTOBER 4, 2024

It might go without saying that a junk-cluttered yard does a home seller no favors—in fact, six in 10 real estate agents estimate that an unkempt front yard decreases a property’s value by 20% or more. That means sellers in a hurry to close should concern themselves not only with their own property but also with their neighbors’.

Home Value 397

Home Value Real Estate Agent Sellers Real Estate 397

Appraisal Buzz

SEPTEMBER 26, 2022

They found liar buyers. We have rules, we have standards, and we all know the exact definition of value. The “official unofficial” government-related loan definition of market value is clear. It says buyer and seller are: Prudent and knowledgeable. Also part of the definition: Reasonable market exposure time.

Market Value 321

Market Value Sellers Buyers Finance 321

Housing Wire

JULY 30, 2021

Due to low inventory, sellers are able to put their homes up at a higher rate. And with today’s low interest rates, buyers have been rushing to purchase what’s available. If you’re a buyer, you want to make sure you’re purchasing a home that’ll increase in value. Buy A Fixer-Upper.

Renovations 505

Renovations Buyers Sellers Investing 505

Housing Wire

JANUARY 9, 2025

In this article, well cover the definition of a pocket listing, the pros and cons for both agents and sellers, and how to transact off-market legally and ethically. While Im sure there are instances where this is unfortunately the case, there are legitimate reasons why selling off-market is in the sellers best interest.

Sellers 397

Sellers Real Estate Agents Real Estate Agent 397

Housing Wire

MAY 30, 2024

When I originated loans, there were a certain number of people that just didn’t need an agent — because the buyers and sellers knew each other in some fashion. But we are definitely supporting a market that already exists — they don’t use real estate agents anyway. BR: On the surface, it does appear that way.

Real Estate Agent 448

Real Estate Agent Real Estate Sellers Technology 448

Housing Wire

SEPTEMBER 6, 2023

Anywhere Real Estate ’s settlement agreement in two class action antitrust lawsuits dealing with buyer broker compensation raises important questions about the future of buyer’s agency and how other defendants are viewing the fast approaching trials. million in damages for both the Moehrl and Sitzer/Burnett suits.

Buyers 448

Buyers Agents Realtors Sellers 448

Housing Wire

AUGUST 5, 2020

The National Association of Realtors found in its Profile of Home Buyers and Sellers in 2019 that 26% of all homebuyers said the quality of schools was important when finding a new home. Living in a good school district is one of the biggest factors for homebuyers, even if they’re empty nesters.

Realtors 521

Realtors Realty Buyers Sellers 521

Housing Wire

OCTOBER 31, 2024

17 is the need to educate customers about rule changes and have conversations about agent fees with buyers at the start,” Redfin chief economist Daryl Fairweather said in a statement. The settlement rules ban blanket offers of compensation to buyer agents on multiple listing services. Redfin agents say the biggest difference since Aug.

Real Estate Agent 375

Real Estate Agent Real Estate Agents Brokerage 375

Housing Wire

FEBRUARY 24, 2025

Other agents: Other agents can be an excellent place to find referrals, find listings for your buyers that arent on the market yet and simply build working relationships with your fellow agents, which makes it easier when doing a deal together. Expired sellers and FSBOs: This is for the bravest of agents out there! to $139.99

Real Estate Agent 312

Real Estate Agent Real Estate Agents Tools 312