Housing Wire

FEBRUARY 7, 2024

The Fannie Mae February Selling Guide has a series of updates , including the expansion of value acceptance and property data appraisal waivers to condominiums, cash-out refinance allowances for manufactured homes, and updates to credit references and certain definitions.

Retail 476

Retail Project Management Insurance Landlords 476

Housing Wire

APRIL 8, 2024

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. As sellers gently re-enter the market, more home sales can happen and are happening. In other words, seller growth continues. That growth looks poised to continue.

Inventory 493

Inventory Contracts New Listings Sellers 493

Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. Enter the savvy seller. But what happens if consumers pivot away from buyer agents altogether?

Buyers 482

Buyers Agents Real Estate Agent Loan Officers 482

Housing Wire

JULY 19, 2023

A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. A seller-client cancels a listing. A seller-client permits the property to be foreclosed upon. If there is no writing, courts may dismiss an action for a commission.

Real Estate 370

Real Estate Legal Clients Brokerage 370

Housing Wire

JANUARY 23, 2024

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. Will we get more inventory?

Real Estate Agent 476

Real Estate Agent Real Estate Buyers Agents 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

JANUARY 29, 2024

Homes in contract rises There are more homes in contract now than last year at this time. I think this trend is durable, but it’s definitely not a guarantee. Sales growth is not guaranteed This week there were 56,000 contracts started for single-family home purchases. So, this growth is fragile. Here’s what’s wild.

Contracts 448

Contracts Inventory Housing Market Mortgage 448

Housing Wire

MARCH 22, 2024

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. “It It is definitely a significant concern and issue,” Smith said. Literally since Jan.

Insurance 448

Insurance Inventory Marketing Real Estate 448

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. In other words, why are appraiser estimating market value below the contract price so often? But what offer will the seller accept $400,000.

Market Value 448

Market Value Buyers Appraisal Sellers 448

Housing Wire

OCTOBER 21, 2024

Prior to the implementation of the current CCP in May 2020, listing brokers had two business days from the signing of the listing contract to either enter the listing into the MLS as “active” or submit a listing exclusion form, which had to be authorized by the seller, to the MLS. That should not be dictated by an association.

Brokerage 448

Brokerage Real Estate Sellers Agents 448

Housing Wire

SEPTEMBER 12, 2023

Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers. New contracts dipped as affordability is out of reach for so many. For example if mortgage rates hit 8%, we’ll definitely see it in the data. The light portion of the bar are the new contracts that week. And we’re at 54,000 now.

Contracts 435

Contracts Inventory Housing Market Buyers 435

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. How do you look at that?

Real Estate Agent 448

Real Estate Agent Real Estate Sellers Technology 448

Housing Wire

JUNE 7, 2024

When a potential buyer or seller lead searches for homes or a home valuation on Google, they are driven to your site by ads created and managed by Zurple’s advertising experts. How Zurple generates and automatically nurtures leads Here’s the four-step process Zurple uses to generate and nurture leads: 1.

Advertising 458

Advertising Tools Real Estate Sellers 458

Housing Wire

JANUARY 10, 2024

SmartZip primarily benefits experienced listing agents, yet any agent willing to nurture seller leads can thrive with this platform. Armed with this data, agents can streamline their outreach efforts and focus on sellers who are ready for their services.

Real Estate 447

Real Estate Real Estate Agent Tools Contracts 447

Housing Wire

NOVEMBER 2, 2023

Using analytics, it identifies potential sellers and prompts them to explore their home’s value on HousingNow.com, where leads must provide information to view listings. However, Market Leader may not be ideal for larger teams or those looking for more customization.

Real Estate 459

Real Estate Real Estate Agent Tools Agents 459

Housing Wire

MAY 21, 2024

While these online tools aren’t a definitive statement of a home’s value, they can be a great starting point, especially when combined with other data like a home’s list price, square footage, number of bedrooms and baths, property tax history, and any price reductions.

Real Estate Agent 488

Real Estate Agent Real Estate Inspection Valuation 488

Housing Wire

APRIL 6, 2021

With others waiting in line behind her, the seller wouldn’t budge on price. It was definitely a rush job! For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. The seller decided to counter back multiple people at $445,000 + no contingencies.

Appraisal 540

Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. That’s a problem because mortgage LOs traditionally have not “forged as deep of inroads” with sellers’ agents.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

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

NOVEMBER 1, 2023

There’s no question about it, the ‘haves’ definitely have a growth hat on and are buying data to recruit, and they are definitely extremely active.” 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

Housing Wire

JUNE 28, 2024

Buyers are still buying and sellers are still selling. Although pending sales are up, local agents noted that properties are taking longer to go under contract, leading to an uptick in inventory and days on market. I have more listings right now than I have had in years.” in early March to 25, 20 and 11 in late June.

Housing Market 397

Housing Market Marketing Inventory Buyers 397

Housing Wire

SEPTEMBER 30, 2020

“But if the pandemic surges up again, I think we’re just going to get busier and busier here, because we are definitely located in the correct position, outside of New York City, where parents can still commute to work and children can have space needed for homeschooling and things like that,” Kanacki said.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

AUGUST 1, 2023

or 8% range, then there is definitely downside risk for home prices. In the light red line of the chart, you can see how the seasonal discounting definitely accelerated in 2022. The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract. In 2022 there were 418,000.

Inventory 370

Inventory Contracts Buyers Mortgage 370

Housing Wire

MAY 23, 2023

In other words, independent mortgage banks (IMBs) acting as buyers in M&A deals are being asked to assume the future R&W liabilities for past loans sold to Fannie Mae by the seller should the seller, at some point, be unable to honor the terms of the contracts.

Buyers 418

Buyers Sellers Finance Contracts 418

Housing Wire

JULY 8, 2024

These sellers were on the market with another agent before and could not sell. This simple real estate script generates the best results because it acknowledges the sellers’ feelings and piques their interest: Hi. One of my favorite seller clients was a FSBO who I became friends with. This is [name] with [brokerage].

Real Estate 435

Real Estate Business Agents Sellers 435

Housing Wire

OCTOBER 3, 2023

This is a dramatic and peculiar stance, given that same company a couple of years ago launched a $1 million annual advertising campaign touting a 1% listing fee, but only if the seller turned into a buyer for them. Those details are clearly established in the listing agreement between your brokerage and the seller. Imagine that.

Agents 435

Agents Training Buyers Law 435

Housing Wire

DECEMBER 27, 2023

When I was a title agent in Texas, there was a team of people opening new orders, verifying information, and sending out documentation that was needed for buyers and sellers,” Trimble said. I think the amount we use AI might fluctuate but it is definitely here to stay,” Bill Svoboda, the president and co-founder of Close Simple , said.

Technology 468

Technology Business Insurance Development 468

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. Who will buy these assets?

Marketing 397

Marketing Investing Mortgage Investors 397

Housing Wire

APRIL 20, 2022

Just how we do contracts now is so much faster. The back end systems, when we are listing something or putting something under contract, it is all just very seamless. It has definitely helped grow our industry.”. We did have faxes, it wasn’t the beginning of time, but everything is almost instantaneous now.”.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

Housing Wire

JUNE 7, 2024

If you can’t afford to hire a designer or marketing company, Coffee and Contracts is an excellent option. Visit Coffee & Contracts Double-down For everything that is generating a positive ROI (and that you enjoy), double-down. The more narrow your niche, the better. You can be very strategic here.

Real Estate 459

Real Estate Marketing Agents Tools 459

Housing Wire

JANUARY 12, 2024

The best real estate CRM solution is the one that will manage your client interactions, increase the number of touchpoints with each client, and convert leads seamlessly into buyers and sellers. Your CRM needs top-notch lead tracking and nurturing tools to turn those maybes into definites. housing industry.

Real Estate 476

Real Estate Real Estate Agent Tools Agents 476

Listing Spark

DECEMBER 9, 2020

One of the most common questions we get from our home sellers at ListingSpark is “How do I determine what my closing costs are”? For this article, we are going to focus on the home seller closing costs we would typically see in Texas with a residential sale (commercial sales typically have a different set of fees).

Sellers 69

Sellers HOA Insurance Contracts 69

Listing Spark

FEBRUARY 6, 2023

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. As a seller, this can help to ensure that buyers have the actual cash they are claiming they have.

Contracts 36

Contracts Real Estate Sellers Buyers 36

Appraisal Buzz

OCTOBER 11, 2024

My advice to sellers is to price your home fairly; if you don’t, it could end up sitting on the market.” ppts Pending sales that fell out of contract, as % of overall pending sales 15.6% Refer to our metrics definition page for explanations of metrics used in this report. Pending sales, seasonally adjusted 453,406 -1.9% -2.4%

New Listings 195

New Listings Buyers Housing Market Real Estate Agent 195

The Robert Weiler Company

SEPTEMBER 19, 2022

Answering this question requires step-by-step unpackaging, starting with definitional awareness, and continuing with tax advantages, regulations, and conservation easement appraisal value. A simple conservation easement definition is a legal contract to protect private land, permanently. What Is a Conservation Easement in Ohio?

Easement 148

Easement Legal Government Contracts 148

McKissock

DECEMBER 14, 2021

The standard residential appraisal report form’s definition of Market Value states in part: “ Implicit in this definition is the consummation of a sale as of a specified date and passing of title from seller to buyer under conditions whereby: buyer and seller are typically motivated…”.

Market Value 80

Market Value Marketing Property Appraisal Appraisal 80

Empire Appraisal Group

AUGUST 8, 2024

WASHINGTON – It is definitely best to price your home correctly as soon as the listing goes live. If you actually get it under contract, the appraisal could come in low, causing the lender to be unwilling to loan on the home. Pricing a home correctly will avoid any problems when it’s time for the appraisal.

Real Estate 78

Real Estate Sellers Buyers Market Value 78