Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. While the real estate agent gets a commission, whether an LO gets paid from an assumable mortgage depends on their individual lender’s setup. CMS is going heavy on a rarely used mortgage product to solve this market problem.

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Mortgage Loan Officers Government Buyers 397

Housing Wire

DECEMBER 6, 2023

This holds true for many of the most challenging situations in real estate. Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. Consider longevity Have you heard the saying, “Tough times don’t last, but tough people do”?

Real Estate 435

Real Estate Legal Tenants Clients 435

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

Real estate agents are typically the individuals who provide information in the MLS. Let’s talk about three areas of a listing that, when completed accurately, can help appraisers to develop more supportable opinions of value. Agents rely on a CMA to develop an opinion of the price a home should be listed for.

Agents 374

Agents Appraisal Renovations Development 374

Raleigh Realty

FEBRUARY 19, 2022

and in order to answer that question, you need to understand how Real Estate Agents make money. If you could go back to your first year as a Real Estate Agent, what advice would you give yourself? One of the first questions new Realtors have for me is always 'how much money will I make in my first year?'

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Hank Miller Team

JULY 7, 2022

In this frenzy, many deals were cash, many had very high down payments and others had either lenders waive appraisals or buyers that had cash to cover any appraisal below contract price. FNMA data shows that through the first half of 2022, only 8 of contracts had low appraisals. Expect that to change.,

Appraisal 52

Appraisal Real Estate Agent Contracts Real Estate 52

Birmingham Appraisal

JUNE 1, 2022

Because real estate agents and appraisers are striving for similar results (estimating accurate value) we can all gain valuable insight from the same market data. Granted, the job of a real estate agent is to get the highest price for their client, but they must still live in the real world by studying historical sales trends.

Agents 52

Agents Marketing Contracts Inventory 52

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 448

Mortgage Real Estate Inventory Construction 448

Hank Miller Team

JANUARY 16, 2023

One of the craziest segments of the last two years was real estate. Prices and inventory of course, but the massive influx of "hobby agents" over this period was a lesser covered negative result. The number of real estate agents soared to record highs, as did buyer remorse and complaints.

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Real Estate Agent Real Estate Agents Sellers 98

Appraisal Today

OCTOBER 20, 2023

Not all non-lender appraisals require a long time marketing to real estate agents. “Real estate agents are uniquely attuned to subtle changes in what buyers want, and they often get a first look at the latest and greatest features going into newly built homes. You know how to appraise. ” Game on!

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Appraisal Design Contracts Inspection 74

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). I first started writing a real estate column in the local newspaper back in the late 1980s but did not like it. What is your market like?

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Reconsideration of Value Appraisal Real Estate Insurance 76

Appraisal Today

AUGUST 18, 2023

The media coverage focuses on real estate agents having difficulty showing homes, etc. That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. Request a reasonable fee based on the time involved in developing, analyzing, and reporting the appraisal.

Appraisal 77

Appraisal Contracts Inspection Real Estate 77

Appraisal Today

JUNE 16, 2023

A Restricted Appraisal Report does not mean shortcuts may be taken in developing the appraisal. Local real estate agents wanted them. Rates that are still more than a percentage point higher than a year ago, and low for-sale inventory continue to constrain homebuying activity in many markets. percent from 6.81

Appraisal 77

Appraisal Contracts Design Mortgage 77

Chicagoland Appraisal Blog

JULY 13, 2017

Mr. Gregory and all real estate agents that have had similar experiences have a legitimate problem that they must deal with. If the realtor is not there we can’t ask questions like how was the listing price developed? We are required to analyze the contract and where do you think contract analysis begins?

Appraisal 78

Appraisal Marketing Realtors Real Estate 78

Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. The KAAR also said housing inventory dropped for six straight months to start the new year. You set your appointments the night before, and when you get there that morning, they might already be under contract.” year-over-year.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Appraisal Today

JUNE 17, 2022

It did not even though many lots nearby were developed. NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. USPAP and the Contract. Some appraisers do not like having a copy of the contract.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Cleveland Appraisal Blog

MARCH 30, 2021

There is a lot of demand out there, with very little inventory. Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. It may be due to inventory levels continuing to drop. They just look at the number.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Appraisal Today

APRIL 21, 2023

The most successful real estate professionals generate leads from their personal and professional networks, ensuring a full sales pipeline without spending a fortune on marketing. Brand your appraisal practice Make it easier for customers to send you referrals by developing a brand that they will remember. Why this brand name?

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Appraisal Contracts Modernization Mortgage 52

Appraisal Today

JULY 8, 2022

So, when the time came, developers tore down the surrounding (and connected) properties, which meant they literally sliced and diced, disconnecting the 54 ½ property from the rest, giving it a look like one whole house had been cut in two. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 5.60

Appraisal 52

Appraisal Property Taxes Contracts Mortgage 52

Housing Wire

NOVEMBER 30, 2023

Brimming with coursework that is up to date with current trends, expect to receive insight on issues facing Ohio real estate agents today. From agency relationships to local government regulations and more, every topic is inspired by the property types and types of transactions you’ll encounter as an Ohio real estate agent.

Real Estate 448

Real Estate Real Estate Agent Law Inspection 448

Cleveland Appraisal Blog

MAY 13, 2021

In a real estate transaction, everyone has a different view. Real estate agents have a view of what the home should be listed for, based upon their research and experience. But then, due to the high demand and low inventory, the home gets bid way over market value. It’s no surprise to the agent.

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Market Value Contracts Appraisal Buyers 298

The Robert Weiler Company

SEPTEMBER 7, 2022

Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. Surges in Residential and Commercial Real Estate, and Land Sales. Residential Real Estate Sales. Commercial Real Estate Sales.

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Marketing Real Estate Investing Retail 78

Listing Spark

AUGUST 25, 2022

And then I also teach CE classes to real estate agents as well. Typically we get contacted right after the contract is executed and they say, “Hey, you’re, you know, we’re in our option period and you got to go.” You got to… and now, they’re, they’re starting to dump inventory.

Inspection 36

Inspection Real Estate Construction Sellers 36

PennyMac

JANUARY 3, 2024

A contingency clause in the purchase contract allows you to back out of a contract if the sale of your current home doesn’t go through within a specified timeframe. Find a reputable and licensed real estate agent. Selling a home involves many moving parts, and a real estate agent can guide you through the process.

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Real Estate Agent Buyers Real Estate Mortgage 36

Appraisal Today

AUGUST 13, 2023

As I talk with appraiser colleagues and real estate agents, I’m hearing this sentiment quite a bit. The purchase index fell for the fourth consecutive week, as homebuyers continue to struggle with low for-sale inventory and elevated mortgage rates.” This means there aren’t as many data points to understand value.

Appraisal 77

Appraisal Contracts Real Estate Agent Mortgage 77

Appraisal Today

SEPTEMBER 2, 2022

In other words, USPAP doesn’t prohibit a mortgage broker from calling and asking you to develop an appraisal based on a predetermined value, but USPAP does prohibit you from accepting that assignment. My comments: Often, real estate agent descriptions are a bit “over the top,” but this house’s description is not extravagant. !

Appraisal 52

Appraisal Contracts Clients Real Estate 52

The Robert Weiler Company

NOVEMBER 10, 2021

If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. Low mortgage rates and an inventory crunch (limited supply) fuel the US housing market fire. If it seems as if you’re over-leveraged you won’t get the loan.

Real Estate 78

Real Estate Retail Investing Tenants 78

Will Springer Realtor

OCTOBER 8, 2021

As part of the project, developers are sketching out plans for a pair of office towers at least 41 stories tall on a 4.6-acre housing stock, in so-called common-interest communities. >> Homes listed by a real estate agent on the Multiple Listing Service sell about 17% above those sold by individual owners or through other means.

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

OCTOBER 11, 2022

People love experiences to fill their memory bank and social media feed – and real estate developers are listening. Seattle experienced a 32% (1031) monthly increase in new listings but a 15% (558) decline in homes going under contract, as median prices fell 2.9% ($900,000) since August and remain 5.9% months’ inventory.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Quicken Loans

JUNE 10, 2021

Meanwhile, the number of new construction homes sold according to the Census Bureau and the Department of Housing and Urban Development was down 5.9% Bring it all together, it’s both the market with a lot of opportunity to take advantage of low rates and a difficult market with rising prices due to low inventory. over the same period.

Real Estate 38

Real Estate Marketing Construction Clients 38