Housing Wire

APRIL 25, 2024

Buyers are really struggling.” Agents say they are also seeing a lot of appraisal gap clauses , inspection waivers and free leasebacks popping up in offers as buyers look to improve their chance of winning a house in the current market. It is extremely competitive,” DeRoussel said of the Cincinnati housing market. “We

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Housing Wire

MARCH 22, 2021

And waiving the financing contingency is the second-most effective bidding-war strategy, Redfin officials said – improving homebuyers’ odds of winning by 66%. “All-cash buyers used to be able to go in a little below list price, but now I’m seeing a lot of cash offers that are at list price or higher. .

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Inspection Inventory Buyers Sellers 545

Housing Wire

MARCH 8, 2024

At the height of the pandemic there were bidding wars and all that, but it didn’t seem impossible, but now it seems impossible to get our buyers into homes,” said Heather Corrigan , a RE/MAX Signature Homes agent based in Closter, a borough that is 24 miles north of Manhattan and renown for its schools.

Housing Market 468

Housing Market Buyers Agents Marketing 468

Housing Wire

NOVEMBER 1, 2024

Real estate agents and real estate brokers are both licensed real estate professionals who can assist buyers and sellers, but you should be aware of some key differences and state-specific distinctions. A real estate agent is a licensed professional who represents buyers or sellers in real estate transactions. Let’s dive in!

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Real Estate Real Estate Agent Agents Brokerage 448

Housing Wire

MAY 22, 2024

From waiving inspections and financing contingencies, to free leasebacks and uncapped escalation clauses, real estate agents say that buyers in Rhode Island are willing to do almost anything to get into a house right now. “It For buyers, the tight inventory has meant frequent compromises to their search parameters.

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Buyers Inventory Marketing Real Estate 380

Housing Wire

APRIL 2, 2024

Through NAF Cash, the lender purchases the buyer’s chosen home upfront with cash while the buyer can rent the new home while working on selling the old home or securing financing on the new one. NAF, the 31st largest mortgage lender in America in 2023, according to Inside Mortgage Finance, has been in growth mode.

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Loan Officers Retail Finance Buyers 446

Housing Wire

AUGUST 13, 2024

Home prices are usually inflated, inspections are not made, and loans have high interest rates and balloon payments. Carrying the responsibility of homeownership, buyers end up in unlivable homes and paying tax liens and expensive repairs, all of which lead the buyers to lose their down payments and their homes, the CFPB added.

Contracts 480

Contracts Mortgage Law Sellers 480

Housing Wire

SEPTEMBER 19, 2023

You’ve found a house for your buyer or a buyer for the home you’re selling. A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? Appraisals are required for homes financed with any type of mortgage. The negotiations were successful, and a deal has been reached.

Real Estate 476

Real Estate Appraisal Agents Inspection 476

Housing Wire

SEPTEMBER 9, 2024

The new rules mandated by the National Association of Realtors’ (NAR) antitrust settlement are designed to encourage more negotiations for buyer agent commissions. That’s according to Redfin , which interviewed dozens of its agents about what they’re seeing on the ground in regard to buyer commission conversations.

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Agents Marketing Sellers Buyers 480

Housing Wire

JULY 26, 2024

The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties. In a controlled transaction there is an established relationship between the buyer and seller. Discuss financing. Does your buyer need to secure a mortgage ?

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Market Value Real Estate Agent Real Estate Finance 458

Housing Wire

DECEMBER 24, 2020

Porch, a home services marketplace with partners in insurance, utilities, home inspection and moving, plans to use the cash to pursue acquisitions to seize the opportunity in real estate. acquisitions, divestitures and financings) of the Company.” They’ll also focus on the home insurance industry.

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Inspection Insurance Finance Valuation 436

Housing Wire

OCTOBER 28, 2024

The Federal Housing Finance Agency has expanded the eligibility for alternative appraisal methods on purchase loans by increasing the maximum loan-to-value (LTV) requirement. The announcement was made on Monday during the Mortgage Bankers Association (MBA) Annual Convention & Expo in Denver, Colorado.

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Appraisal Valuation Inspection Sellers 459

Housing Wire

JUNE 21, 2022

Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses. Instead, we prefer a “certified” pre-owned car that has gone through a multi-point inspection with all of the preventative maintenance up to date. There’s an even more subtle consideration.

Investors 435

Investors Renovations Inspection Government 435

Housing Wire

SEPTEMBER 19, 2024

Higher inventory levels and lower mortgage rates should provide better conditions for the market in the fall, helping both buyers and sellers who’ve been waiting on lower borrowing costs and the end of the election cycle. Buyers who waited may be glad that they did,” Realtor.com chief economist Danielle Hale said in a statement.

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Inventory Housing Market Inspection Sellers 458

Raleigh Realty

FEBRUARY 2, 2022

Negotiating Repairs After a Home Inspection What fixes are mandatory after a home inspection? One of those steps is the home inspection and with the home inspection, major issues can arise. One of those steps is the home inspection and with the home inspection, major issues can arise.

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Inspection Sellers Buyers Realtors 158

Housing Wire

SEPTEMBER 9, 2020

Time waits for no buyer in the suburbs. With record-low interest rates, paltry inventory and a surge in buyers, agents are advising clients to be extraordinarily aggressive to win. “The property comes on within 24 hours, and if it meets your buyers criteria you want to get them out to see it.” Cordano said.

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Agents Marketing Clients Buyers 501

Realtor

OCTOBER 29, 2020

When you’re a first-time home buyer approaching the finish line in the journey to your new home, you want nothing to go wrong, right? These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected.

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Buyers Inspection Contracts Real Estate Agent 207

Housing Wire

DECEMBER 8, 2020

Since our Series A financing earlier this year, Sundae’s marketplace has seen record growth,” Josh Stech, Sundae cofounder and CEO said in a statement. If the seller accepts the offer and an inspection is completed, Sundae offers a $10,000 cash advance prior to closing to help homeowners with moving costs and other expenses.

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Investors Sellers Real Estate Inspection 397

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs). Presented by: Auction.com.

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Renovations Inspection Finance Insurance 367

Housing Wire

JUNE 21, 2021

The Federal Housing Finance Agency price index ranked Knoxville’s housing market seventh in the nation in home price appreciation, behind only Boise City, Idaho , the Tacoma-Lakewood metro in Washington, Phoenix , Wichita, Kansas, and Colorado Springs. .” Production and delivery delays are hindering projects, as well.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Appraisal Buzz

AUGUST 13, 2024

While the industry is no stranger to predatory and/or unfair lending practices, new advisory opinion and research study on a type of home seller financing known as a “contract for deed” has been released by the Consumer Financial Protection Bureau (CFPB). These disclosures include the annual percentage rate and payment schedules.

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Contracts Investors Sellers Lending 367

Housing Wire

FEBRUARY 23, 2024

We are back to seeing people paying over asking, waiving home inspections and doing whatever they need to do to purchase a property.” When we saw rates start to come back down into the 7% range and then below 7%, it instilled some confidence in buyers to get back out there,” Danzey said. “I

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Housing Market Marketing Inventory Buyers 493

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. Home inspection. Mold remediation.

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Inspection Real Estate Agent Real Estate Buyers 200

Appraisal Buzz

MAY 6, 2024

I recently attended the Going to Extremes conference in DC on April 18-19, which focused on how climate change is affecting the US housing and finance industries. And homeowners are paying the price: According to an analysis by Bankrate, insurance premiums have jumped 23% nationwide — even more so in areas most affected by climate change.

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HOA Insurance Legal Fees Valuation 370

Housing Wire

JUNE 28, 2024

There isn’t a whole lot of time during the year where it is super slow because we have a lot of vacation buyers, but pre-COVID, between Columbus Day and Thanksgiving, when the mountains were just starting to open, was typically slow. It really is just really slow from a buyer standpoint.” And that would be great for all buyers.

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Housing Market Marketing Inventory Buyers 397

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 435

Agents Buyers Sellers Inventory 435

Housing Wire

FEBRUARY 21, 2024

Curbio , a provider of pre-sale home improvement services that requires payment at closing, will provide its “Build Your Own Estimate” mobile app to NAR members, which offers free repair estimates for home inspections upon the upload of a PDF document.

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Home Improvement Realtors Real Estate Agent Inspection 435

Housing Wire

APRIL 11, 2023

Buyers, sellers and lenders all have a stake in the sale, and title and escrow ensure that everyone’s interests are protected. They manage and oversee the entire process from the time a seller accepts an offer to the time the buyer takes possession of the property. So why are title and escrow so important?

Real Estate 397

Real Estate Legal Sellers Technology 397

Housing Wire

MAY 12, 2021

Still, I’m encouraged to see companies using digital tools and platforms — or creating their own — to take little bites out of a gigantic industry, from streamlining financing and inspections, to centralizing communication, to optimizing budgets and reducing project delays. Creating transparency. Automating for efficiency.

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Construction Logistics Technology Real Estate 482

Appraisal Partners Blog

MARCH 12, 2025

Property Inspection: The appraiser conducts a thorough inspection of the property, focusing on both market value and FHA minimum property standards. Re-inspection (If Necessary): Once the repairs are completed, the appraiser will typically re-inspect the property to verify that the work has been done correctly.

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Appraisal Inspection Market Value Sellers 78

Housing Wire

OCTOBER 1, 2020

. “Clients don’t think of buying a home as multiple things, they don’t think, ‘Well I’ve got to get a mortgage, I’ve got to get title, I’ve got to get an appraisal, I’ve got to find a real estate agent, I’ve got to get an inspection,'” said Farner.

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Advertising Real Estate Agent Mortgage Real Estate 459

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

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Appraisal Inspection Real Estate Agent Training 435

D Fritz Appraisals

AUGUST 12, 2019

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. home appraisal – an often mandatory step the buyer’s lender insists on.

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Inspection Appraisal Property Appraisal Real Estate 98

Housing Wire

OCTOBER 26, 2020

With shared values that drive team member success and a vast portfolio of solutions across every step of the home-buying and financing process, Xome is uniquely positioned to help partners tackle the unforeseen challenges of this year. In these situations, Inspex can be paired with an appraiser-completed exterior inspection.

Clients 397

Clients Valuation Technology Inspection 397

Housing Wire

AUGUST 21, 2023

Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. 497 BOSSCAT 1,175% 2018 Digitizing home inspection data to create instant repair estimates for homeowners and real estate professionals. 4,105 FirstCloseFirstclose.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

D Fritz Appraisals

JANUARY 29, 2025

Home appraisers conduct thorough interior inspections, whereas BC Assessment typically relies on external data and drive-by observations. Mortgage lenders require professional home appraisals for financing decisions, not BC Assessment values. Home Appraisal: Used for real estate transactions such as buying, selling, or refinancing.

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Appraisal Valuation Property Taxes Inspection 78

Housing Wire

JUNE 18, 2021

Raj Dosaj: Whether you’re an individual looking for a new home or an institution trying to finance, lend to, or buy a large volume of homes, the pace of this housing market requires having as much information as possible, as early in the decision-making process as possible. However, these visits take time and, like appraisals, are subjective.

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Investors Real Estate Real Estate Agent Valuation 417