Housing Wire

FEBRUARY 28, 2025

The trend is most pronounced in Atlanta, Las Vegas, Houston, and parts of Florida , where increasing housing supply is leading to a buyers market. With less competition, some buyers are backing out during the inspection period, hoping for a better deal. Some buyers are getting cold feet with everything going on in the world.

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Inspection HOA Buyers Real Estate Agent 331

Housing Wire

APRIL 14, 2025

This is driven by their confidence in home values and buyer demand, according to survey results released Monday by Realtor.com. A significant portion (65%) also addressed potential inspection issues, or undertook major renovations such as kitchen or bathroom overhauls (59%). A majority of potential U.S.

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Sellers Renovations Inspection Home Value 362

Housing Wire

SEPTEMBER 5, 2024

Because FHA accepts lower credit scores , higher debt-to-income ratios and lower down payments than most conventional mortgages, first-time buyers have relied on them due to the ongoing affordability challenges in today’s housing market from elevated prices and mortgage rates.

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Buyers Real Estate Agent Inspection Real Estate 476

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

Housing Wire

JULY 23, 2024

Record-high home prices and elevated mortgage rates are prompting buyers to back out of home purchase agreements at elevated levels. Redfin ’s newest housing market report shows that buyers backed out of 56,000 purchase agreements in June, which constitutes 14.9% of buyers canceled in June. of homes that went under contract.

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Housing Wire

APRIL 18, 2025

The cost of upgrades One of the biggest mistakes buyers make is underestimating the cost of upgrades. Buyers often assume what they see in the model home is what they will get, however, model homes are designed to showcase high-end upgrades. Buyers should ensure they have direct access to their building superintendent to stay informed.

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Construction Realtors Logistics Buyers 295

Housing Wire

JANUARY 30, 2025

home equity based on different estimates its easy to see the potential impact that such a large cohort has on a variety of different businesses, including home inspections. But one impact that Cook has observed in his own business at least anecdotally is an apparent mistrust that older buyers have for new construction.

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Appraisal Buzz

APRIL 7, 2025

After the 2021 Surfside condo collapse, Florida enacted a law requiring inspections for buildings three stories or taller once they reach 30 years old. Inland Florida Leads in Condo Inventory Gains With rising HOA fees and looming inspections, some inland condo owners are opting to sell. Condo inventory in inland Florida surged 37.5%

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Housing Wire

APRIL 13, 2021

“If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap. Either way, it puts the squeeze on property valuation.

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Housing Market Buyers Marketing Real Estate Agent 535

Housing Wire

OCTOBER 5, 2021

This is slightly higher than the number of buyers who reported purchasing a home without a mortgage (68%). This discrepancy suggests that buyers who need financing can still compete with cash offers, as long as their offer is appealing in other ways.

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Sellers Inspection Buyers Finance 545

Housing Wire

JULY 10, 2024

Anything under $300,000 or $350,000 has really good activity, but above that, I think interest rates have really affected buyers in those price ranges,” said Eddie Campos, the president of Northwest Ohio Realtors and an associate at RE/MAX Preferred Associates. “I 1 challenge for his buyers is the current inventory situation.

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Inventory Buyers Agents Inspection 430

Housing Wire

MAY 14, 2024

“Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said. Nationwide, the share of buyers who are first-time buyers has risen in recent months. Nationwide, the share of buyers who are first-time buyers has risen in recent months.

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Buyers Inventory Landlords Real Estate 448

Housing Wire

OCTOBER 9, 2024

17 , when the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement had to be implemented, most brokers and agents were concerned about how they would disclose a seller’s offer of buyer broker compensation. O’Koniewski said this can sometimes make the buyer’s offer more attractive.

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Buyers Sellers Agents Contracts 468

Appraisal Buzz

JANUARY 9, 2025

For more than 30 years, HOME has provided funding to build new homes, assist home buyers, and provide rental assistance. These new rules build on HUDs commitment to reducing the red tape and making programs easier to use, said the Honorable Adrianne Todman, HUD Agency Head. million homes have been completed through HOME funding.

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Tenants Development Modernization Inspection 349

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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Buyers Marketing Inventory Investors 459

Real Estate News

DECEMBER 23, 2024

These evaluations have the potential to make or break a transaction, and many buyers will have questions about whats involved and whats at stake.

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Inspection Buyers Appraisal 239

Appraisal Buzz

SEPTEMBER 9, 2024

The analysis centers on in-depth interviews conducted nationwide with numerous Redfin agents regarding the reactions of sellers and buyers to the changes. The average buyer’s agent commission, according to a Redfin report from July, was 2.55%, a little less than it was prior to the settlement’s announcement. I showed a $4.75

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Sellers Buyers Agents Advertising 397

Housing Wire

APRIL 15, 2025

With buyers and sellers often relying on emails, phone calls and virtual closings , bad actors have found easier ways to pose as owners and slip through verification gaps. Physically inspect vacant properties or have someone do so periodically. Many victims are too embarrassed or dont know where to turn, Cohen said.

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Real Estate Agent Real Estate Tenants Agents 328

Lamacchia Realty

JANUARY 10, 2025

New Massachusetts Law Addresses Home Inspection Waivers: What Buyers and Sellers Should Know A new law passed by the Massachusetts Legislature will soon regulate buyers and sellers options around conducting a home inspection when purchasing a home. The second part of the statute also puts restrictions on the seller.

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Inspection Law Sellers Buyers 67

Appraisal Hub

DECEMBER 11, 2024

Thats why understanding home inspections and home appraisals is your first step to making a smart investment. Home Inspections: The Detective Work Think of a home inspection as your personal property detective. A home inspection helps you avoid that nightmare. These two processes are often misunderstood.

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Inspection Buyers Appraisal Investing 78

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.

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Housing Market Buyers Agents Marketing 468

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 382

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

DECEMBER 6, 2024

Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. Your newsletter content should be a mix market updates, buyer and seller advice, community news and events, and storytelling.

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Real Estate Clients Tools Sellers 396

Appraisal Buzz

JULY 23, 2024

Buyers are getting more and more selective,” said Julie Zubiate, a Redfin Premier real estate agent in the San Francisco Bay Area. Buyers often back out during the inspection period because they find something they don’t like, but affordability is really the underlying issue. of homes that went under contract. June 2024 U.S.

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Buyers Contracts HOA Property Taxes 396

Housing Wire

APRIL 8, 2025

The rate of regret was even higher among recent buyers, with 44% of those who purchased within the last two years expressing such feelings. Financial challenges, missed steps Unexpected expenses caught many first-time buyers off guard. In terms of budgeting, many buyers missed the mark.

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Buyers Inspection Investing Real Estate 208

Housing Wire

JANUARY 21, 2025

In most cases, a buyer wants to get a fair deal on a house that the seller wants to sell at a fair price. So you would state it something like this: Your seller wants to sell and my buyer wants to buy, right? When it is between a buyer and a seller, I might say, Im confident we will find a solution that is agreeable to both parties.

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Real Estate Clients Sellers Agents 369

Cleveland Appraisal Blog

AUGUST 6, 2021

Below is a chart from the National Association of REALTORS article on home buyer regret. Some buyers may be relocating from a different state, and feel pressured to purchase a home sight unseen. It’s not that these pictures are meant to deceive buyers. WAIVING HOME INSPECTIONS. Did they regret their decision?

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Buyers Property Taxes Inspection Market Value 243

Housing Wire

MARCH 31, 2021

’ And if I don’t find a buyer immediately when I list a property, I’m getting plenty of people making offers without even looking at the price or even doing an inspection.” ” The post Buyers flock to Bay City, Michigan for ultra-low home prices appeared first on HousingWire.

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Buyers Investors Realtors Agents 418

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 481

Appraisal Buzz

APRIL 14, 2025

Todays sellers are hopeful about selling this year due to their capacity to capitalize on the rising value of properties and their belief that buyer-offers would meet their asking price, even though market conditions are not a deciding factor.

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Sellers Renovations Inspection Real Estate Agent 284

Housing Wire

OCTOBER 27, 2020

In today’s hot market, buyers are doing all they can to stand out. Some are waiving inspection contingencies, while others are avoiding repair requests, opting to handle home repairs, fixes and upgrades as needed later on. Are you thinking of skipping inspections or repair requests and handling any minor home repairs yourself?

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Inspection Renovations Buyers Housing Market 459

Housing Wire

APRIL 8, 2021

According to Matt Sharp, Area Lending Manager at Citi, “It’s really important when you are in the buying process that lenders have a communication with not only the buyer but also with their realtor,” Sharp said. 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.

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Inspection Sellers Buyers Tools 468

Appraisal Buzz

MARCH 25, 2025

Of course they know living in the hillsides puts them at higher risk of wildfires, but insurance companies are also making it very tough to buy in the hills; many of them are asking for inspections, which Ive never seen before, and giving astronomical quotes. What Regional Markets Are Gaining Momentum?

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Housing Market Marketing New Listings Sellers 327

Housing Wire

MAY 21, 2024

Buying a home in a non-disclosure state, where sale prices are not available to the general public, presents a unique set of challenges and requires home buyers to be more proactive in gathering information. Work with a real estate professional with MLS access In non-disclosure states, the role of real estate agents becomes even more crucial.

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Real Estate Agent Real Estate Inspection Valuation 487

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.

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Inventory Buyers Inspection Sellers 508

Housing Wire

JUNE 22, 2021

Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. Redfin also reported this month that seven in 10 buyers — 70.4% — faced bidding wars in May. If you’re an FHA or VA buyer, you don’t stand a chance. So, what does this mean for buyers? Bidding wars.

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Housing Market Real Estate Agent Marketing Inventory 476