Housing Wire

MARCH 7, 2022

Bidders were required to be cash buyers, or more precisely cryptocurrency buyers, or – more precisely still – have a virtual wallet on the Ethereum blockchain. Generally, listing agents extract a commission from the homeseller and then split it with the buyer’s agent. Propy said it is not against the home inspection process.

Real Estate 501

Real Estate Law Inspection Agents 501

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. Take a recent example of mine. 1] [link].

Sellers 435

Sellers Marketing Market Value Home Value 435

McKissock

JULY 20, 2021

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., ” Do you believe you are acting as a home inspector when you complete a property inspection as part of an FHA assignment? Appraisers perform similar inspections, to one degree or another, in most appraisal assignments.

Inspection 105

Inspection Appraisal Construction Clients 105

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. This is a good strategy for agents who are looking to work with buyers as well as sellers. Who’s it for? Put the lockbox on.

Real Estate 468

Real Estate Open Houses Agents Sellers 468

Housing Wire

JULY 8, 2024

We want to attract the most qualified buyers and create a sense of urgency to encourage them to make strong offers quickly. Buyer objection script: “We’re just going to work directly with the listing agent. We don’t need a buyer’s agent” Time to get crystal clear on your value proposition for buyers if you’re not already!

Real Estate 435

Real Estate Business Agents Sellers 435

Housing Wire

JULY 15, 2021

Through a close friend, Davis was introduced to HomeFree-USA, a nonprofit organization whose mission is to help prospective buyers reach homeownership. Throughout the process, Davis faced common issues, such as being outbid on a property and encountering unexpected defects in homes she toured that wouldn’t have passed inspection.

Clients 418

Clients Development Lending Inspection 418

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.

Inspection 98

Inspection Appraisal Property Appraisal Real Estate 98

Housing Wire

JULY 1, 2021

We’ve found that many people care more about public spaces than private spaces,” says Katie Lambert, an interior designer with Lambert Home, referring to different living areas in a home. Anything the seller can do to minimize the work buyers need to put into the home can help add to its value.

Renovations 448

Renovations Valuation Appraisal Investing 448

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Creating new content, whether in the form of text, photos, videos or computer code, is referred to as generative AI. will identify which buyers require immediate contact from the listing agent. These are large language models (LLMs).

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

Miller Samuel

APRIL 29, 2020

Meeting of the minds (also referred to as mutual agreement, mutual assent, or consensus ad idem) is a phrase in contract law used to describe the intentions of the parties forming the contract. In particular, it refers to the situation where there is a common understanding in the formation of the contract.

Contracts 195

Contracts Real Estate Agent Inspection Law 195

Lamacchia Realty

JANUARY 20, 2022

THERE IS NO PASS OR FAIL WITH HOME INSPECTIONS. A home inspection is an important part in the home buying process, however a common misconception is that it is a pass or fail type of inspection. What is a Home Inspection? After an inspection, it is important for a buyer to not get caught up in the “little things”.

Inspection 74

Inspection Buyers Sellers Realty 74

Genworth MI Blog

AUGUST 31, 2022

With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer. Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

Cleveland Appraisal Blog

APRIL 21, 2022

Often personal ideas of value are different than market value because the value is in the eyes of the beholder, which does not account for the entire market of potential buyers. Market value, therefore, considers the entire pool of potential buyers of homes that are similar to, and that compete with the property being appraised.

Market Value 354

Market Value Appraisal Agents Real Estate Agent 354

Raleigh Realty

AUGUST 17, 2021

Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is going to be regarding Due Diligence, Due DIligence fees, and Earnest Money in North Carolina Real Estate.

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Raleigh Realty

FEBRUARY 24, 2022

"Under contract" is one of them, which is exactly what it sounds like: a prospective seller and a buyer have entered into a process where they've agreed to not only the terms of the contract but other important factors like the sale price, the closing date, contingencies and more.

Contracts 147

Contracts Real Estate Sellers Real Estate Agent 147

Raleigh Realty

FEBRUARY 19, 2022

One of the largest reasons some buyers walk away from a home purchase feeling remorseful is because they don't consider everything about purchasing real estate before they jump into it. There are common buyer mistakes we address with all of our buyers upfront so they have a highly successful transaction.

HOA 148

HOA Real Estate Buyers Construction 148

Padove Appraisal Service

JANUARY 11, 2019

A current program to eliminate use of appraisals in mortgage lending was introduced in 2016 by the Federal National Mortgage Association (FNMA, or commonly referred to as Fannie Mae). The current Fannie Mae program began on a limited basis for mortgage refinance transactions only, and under the name of Property Inspection Waiver (PIW).

Appraisal 78

Appraisal Inspection Valuation Buyers 78

Lamacchia Realty

JANUARY 18, 2022

Contingencies refer to unforeseen possibilities in the future that can affect the value of a home and the purchase process. Home Inspection When you’re considering purchasing a home, you’ll need to get a home inspection done. Home Inspection When you’re considering purchasing a home, you’ll need to get a home inspection done.

Inspection 74

Inspection Sellers Buyers Realty 74

CA Realty Training

MARCH 22, 2021

The Buyer’s Inspection Advisory (BIA) is a disclosure that is included with the Residential Purchase Agreement (RPA) when you make an offer on a home. Simply put, it is advising the buyer to have a professional inspect the property. In this case, the Buyer Inspection Advisory is for the buyer.

Inspection 36

Inspection Real Estate Agent Real Estate Clients 36

McKissock

JULY 26, 2022

As a buyer agent , it is your job to be the voice of reason, the buffer, and sometimes the peacemaker. Here are some tips on how to make the real estate transaction process as smooth as possible for you and your buyer clients. Timeliness and types of inspections. Competing with other buyers. Making an offer.

Real Estate 81

Real Estate Counter Offer Buyers Inspection 81

Raleigh Realty

MARCH 23, 2021

Buyers want to work with the best local Realtors® to help them when buying a home because it is such a large financial purchase with so many different components involved. It's important to reverse engineer the sales process as a seller as you will want to understand who your target buyer is and that is likely someone working with a Realtor.

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Housing Wire

NOVEMBER 30, 2023

The proctors may also carefully inspect eyeglass frames, ends of sleeves, pant leg bottoms, or any other apparel that could be used to hide notes or a recording device. This average reflects the total for both the listing agent and the buyer’s agent. government-issued alien registration card U.S.

Real Estate 459

Real Estate Real Estate Agent Brokerage Agents 459

Lamacchia Realty

MAY 18, 2021

This means negotiating the terms of contracts, closing costs, home inspections, and so much more. Review References. When you go to an interview, your potential employer asks for references from past jobs to get a better idea of what they can expect if they hire you. Buyer Resources. Additional Resources. Read More ».

Real Estate Agent 73

Real Estate Agent Real Estate Agents Realty 73

D Fritz Appraisals

NOVEMBER 16, 2023

The appraisal process includes an inspection of the property and research of comparable properties in the local area by a qualified professional. For more information on what a home appraisal inspection consists of and how value is determined, see our previous blog post – ‘Home Appraisals – What They Look For.’

Appraisal 108

Appraisal Inspection Appraisal Process Legal 108

Quicken Loans

JUNE 3, 2021

You may already be aware of iBuyers and what they have to offer prospective home buyers and sellers. But for those who want to understand what all the hoopla is about and what it entails for buyers, sellers and agents alike, here’s what you should know. What Is An iBuyer? iBuyers aren’t active in all U.S.

Sellers 55

Sellers Buyers Agents Real Estate Agent 55

Lamacchia Realty

JULY 21, 2021

The term Chinese Drywall refers to defective drywall that was imported from China and has caused an environmental health issue. The best way to protect yourself as a buyer is by having an inspection. What Should Buyers do if Defective Drywall is Found? Keep reading below to learn more.

Realty 69

Realty Inspection Sellers Real Estate Agent 69

McKissock

JULY 19, 2022

In terms of real estate, the internet has made it easier for affluent buyers to invest in real estate overseas. While many sellers are respected professionals and would fully fix the issue before listing, it doesn’t hurt to do your research as a buyer. Red flags: Recent or unexpected cosmetic changes to the house.

Real Estate 98

Real Estate Real Estate Agent Sellers Agents 98

Eppraisal

DECEMBER 20, 2022

Whether you are a home buyer or seller, the real estate transaction can sometimes be tricky to navigate. Part 1 of our next two posts will dissect the real estate transaction from the buyer's perspective. An agent who specializes in buyers, or an Accredited Buyers Representative (ABR) may be most appropriate for your transaction.

Real Estate 36

Real Estate Buyers Inspection Real Estate Agent 36

Genworth MI Blog

JULY 13, 2023

There is an on-site visual inspection of the property and a suggestion of improvements followed by the research, analysis and development that produces the appraisal report. Thus, the parties conducting each part of the appraisal, inspection vs. research, are completed by two different people instead of one.

Appraisal 78

Appraisal Inspection HOA Real Estate 78

The Robert Weiler Company

MAY 14, 2021

The following guide walks readers through all the definitional terms involved in the estate planning and real estate appraisal process (also referred to as an appraisal for estate planning purposes) and how best to prepare when, eventually, we will all boldly leave this Earth. How Are Real Estate Appraisals Related to Estate Planning?

Real Estate 133

Real Estate Appraisal Legal Valuation 133

Hank Miller Team

NOVEMBER 4, 2022

Seems that just over 70 of recent homebuyers have buyer’s remorse. In Feb '21 we noted that 44 of homebuyers had buyer's remorse, these new stats are bonkers. This number is a bit of a surprise and the reasons have to do with price but also with just about every other aspect of the buyer's transactions. Most of them.

Buyers 40

Buyers Real Estate Agent Agents Real Estate 40

Appraisal Today

SEPTEMBER 22, 2023

To me, the big issue is who is doing the inspections. A buyer gets a seller’s disclosure statement for that information. Most of the inspection training we receive as appraisers happens in the field. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing.

Appraisal 90

Appraisal Training Inspection Real Estate 90

Assurance Financial

APRIL 29, 2021

The first number refers to the length of the introductory period, while the second is how often the rate can adjust. A base rate is the interest rate used as a reference point when setting the rate for an ARM or another loan with a variable rate. If the buyer backs out of the sale, the seller gets to keep the earnest money.

Mortgage 69

Mortgage Insurance Inspection Sellers 69

McKissock

JANUARY 14, 2022

The negative impacts on the marketability of residential properties caused by odors from pet dander, feces, and urine can be significant factors in the price a buyer is willing to pay. For example: I had an assignment to appraise a 3,500 sq. four-year-old masonry house of well above average quality construction.

Appraisal 77

Appraisal Tenants Inspection Market Value 77

Boston Appraisal

DECEMBER 11, 2023

The appraisal process is important for homeowners, buyers and sellers. The appraiser will use the information provided as a reference, but they will also conduct their own research and inspection of the property and verify the accuracy and validity of all the data.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Easement 78

Lamacchia Realty

AUGUST 12, 2021

By making updates, the buyer is able to meet or exceed current market standards and build equity in their property faster. Always commit to having a property inspection in order to avoid any surprises when it comes to the foundation and overall structure of the home.

Renovations 69

Renovations Finance Inspection Buyers 69

McKissock

JUNE 21, 2021

Inspections and appraisals come back with deal-breaking news. A buyer withdraws an offer. Studies have shown that the most loyal customers—the ones who will use you again or refer you to others—aren’t the ones who never experience problems. The world of buying or selling a home is not always joyful. Bad things happen.

Clients 98

Clients Real Estate Contracts Business 98