Housing Wire

JULY 30, 2024

The OCMBC counterclaim brings eight counts, including defamation, breach of contract, fraud and unfair business practices. The document adds that Turturro joined HMAC in late 2022, becoming a “high-ranking employee” and divisional president for Jet Mortgage. (HMAC), wholesale lender OCMBC Inc.

Sellers 445

Sellers Business Contracts Mortgage 445

Housing Wire

APRIL 18, 2023

However, there is an opportunity in the closing process for better integration between platforms to improve communication and sharing of documents between the brokerage, lender and closing company, each of which has its own process and technology, to relieve some of that stress.

Tools 396

Tools Sellers Technology Loan Officers 396

Housing Wire

MARCH 28, 2024

In fact, if you were to describe the home-buying experience solely upon the things we see in advertisements, the home-buying process would end with the sales contract, and all parties would merrily proceed directly to the handing over of the keys. There’s an entire industry built upon the “what’s next” in question.

HOA 488

HOA Property Management Real Estate Agent Technology 488

Housing Wire

AUGUST 14, 2024

“We are changing our approach with a lot of things, and we are doing that with the collateral we put out, there is a video series we put out, and there are obviously conversation we are having with sellers on what it is they need to do, how it needs to be done and what their options are for doing it,” Harvey said.

Agents 448

Agents Sellers Buyers Contracts 448

Housing Wire

FEBRUARY 7, 2024

It also clarified several income calculation and documentation requirements for borrowers who use business income to qualify, which “apply to self-employed borrowers and borrowers with less than a 25% interest in a business,” the update explained.

Retail 476

Retail Project Management Insurance Landlords 476

Housing Wire

NOVEMBER 16, 2023

billion in damages to residential home sellers who successfully proved that the organization – which represents real estate agents at most of the top brokerages in the United States – colluded with other defendants to inflate agent commissions. Unless the decision is appealed, NAR will have to pay at least $1.8

Realtors 448

Realtors Contracts Real Estate Agents 448

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. However, it might save both parties money on Realtor fees.

Market Value 459

Market Value Real Estate Agent Real Estate Finance 459

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. Confirm that your brokerage documents (e.g.,

Real Estate 370

Real Estate Legal Clients Brokerage 370

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!

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448

Housing Wire

NOVEMBER 22, 2023

In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing over of the keys. There’s an entire industry built upon the “What’s next?” in question.

HOA 459

HOA Real Estate Agent Technology Real Estate 459

Housing Wire

JULY 10, 2024

We’ll walk you through the steps to creating an impressive, concise, and attractive listing presentation document, which you can present in hard copy or digital format. Seller / Buyer/ Balanced). Prepare a pricing strategy Many sellers think they understand pricing as well as you do.

Sellers 435

Sellers Real Estate Agents Clients 435

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

APRIL 8, 2021

Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process. Another seller’s home may need repairs, and you put in your offer the need for a seller credit to pay for them.

Inspection 468

Inspection Sellers Buyers Tools 468

Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned. If it’s denied, buyers can also choose to walk away from the deal.

Inspection 459

Inspection Appraisal Appraisal Process Buyers 459

Housing Wire

OCTOBER 23, 2024

How to prepare for a listing appointment Have a quick call with the sellers to ask them about their motivation, timeline, and price they have in mind. All the contracts, disclosures, and paperwork your lead will need to sign to hire you as their listing agent. Prepare your initial comparative market analysis (CMA). Several pens.

Agents 435

Agents Real Estate Sellers Real Estate Agent 435

Raleigh Realty

FEBRUARY 24, 2022

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. Then, you look at the status and that other shoe finally has a chance to drop: it's "under contract."

Contracts 147

Contracts Real Estate Sellers Real Estate Agent 147

Housing Wire

DECEMBER 27, 2024

Lenders must indicate the sales contract price or estimated property value for refinances, and the ACE algorithm determines acceptability of the value (or sales price) as the basis for underwriting the loan. Post-funding quality control Freddie Mac issued new guidance on November 6, 2024, Property data collections and seller oversight.

Training 397

Training Appraisal Valuation Inspection 397

Housing Wire

APRIL 6, 2021

With others waiting in line behind her, the seller wouldn’t budge on price. 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. Sellers are surely getting greedy.”.

Appraisal 540

Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Housing Wire

DECEMBER 6, 2021

In the next five-to-10 years, Doma CEO Max Simkoff wants to make it possible for a homebuyer to sign a contract on their new home on a Friday evening and move in on a Monday morning. It is hard to say, ‘You filled out all this paperwork digitally, but by the way you need to come into the office and sign these additional documents.’

Modernization 435

Modernization Real Estate Agent Insurance Real Estate 435

Housing Wire

APRIL 20, 2022

In order to have time available to invest in these activities, agents and their brokerages have employed a wide variety of technology tools that simplify and streamline managing client relationships and marketing, as well as platforms that help agents manage documents and track transactions through the closing process. Record Breaking Years.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

Housing Wire

DECEMBER 5, 2024

Summary Why referrals are losing ground to online searches How to meet the needs of todays buyers and sellers Steps to stand out: What sets your online presence apart? If you need some inspiration, check out Coffee & Contracts. Gone are the days of solely relying on referrals to keep your business moving.

Agents 370

Agents Real Estate Agent Real Estate Clients 370

Appraiserblogs

NOVEMBER 7, 2023

Could it be because of the racial bias complaint filed against me by an unhappy Seller… Fannie Mae accomplished what they set out to do in July 2011, when they initiated their Uniform Appraisal Dataset (UAD) and the Uniform Collateral Data Portal. So what’s caused the sudden loss of income?

Sellers 128

Sellers Valuation Law Contracts 128

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. Data extraction from documents is a great application of generative AI. Not only did it take a lot of time, but it cost a lot of money.

Technology 468

Technology Business Insurance Development 468

Housing Wire

SEPTEMBER 22, 2021

This is especially true in unconventional lending scenarios where more documentation may be required or borrowers have to jump through more hoops to show their income or employment history or verify their self-employed business earnings. Two-X Flex 1 Year – A loan that enables borrowers to qualify using only one year of income.

Finance 370

Finance Technology Lending 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

SEPTEMBER 18, 2024

According to NAR , five percent of sellers and four percent of buyers found their agent through another agent’s referral. A referral estate referral occurs when a licensed agent or broker passes along a prospective buyer or seller to another licensed agent to handle a transaction. I group text Paul and Kathy to introduce them.

Real Estate 468

Real Estate Real Estate Agent Agents Brokerage 468

Housing Wire

MAY 10, 2022

While it is well documented the homeownership gap by race in the U.S., Twenty-eight percent of the home buying market last month was all-cash buyers, and for every home that went under contract, sellers saw 4.8 NAR also released a second report in February: A Snapshot of Race and Home Buying in America.

Housing Market 476

Housing Market Realtors Buyers Inventory 476

Housing Wire

AUGUST 4, 2023

Yes, you should certainly be able to post an impressive listing and understand the ins and outs of closing, but helping buyers and sellers means cultivating a diverse set of skills to navigate a complex and ever-changing real estate market. Can you: Send and receive documents for electronic signatures?

Real Estate Agent 370

Real Estate Agent Real Estate Agents Clients 370

GoForrmz

JANUARY 7, 2025

One way to achieve this is by transitioning from traditional paper forms to digital forms and documents. Streamline Document Access and Management Real estate transactions often move at lightning speed. Prospective tenants, sellers, and brokers expect quick responses and seamless interactions.

Real Estate 148

Real Estate Tenants Property Management Clients 148

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 Buyers Training Law 435

Housing Wire

JUNE 9, 2022

That is typically accomplished through whole loan sales or private label securitizations along with hedging — such as the use of third-party forward contracts that allow for bulk loan sales at a future date at a predetermined rate. Yoon added that the new app also will “be built on the backside as blockchain-capable.”

Marketing 397

Marketing Contracts Technology Mortgage 397

Housing Wire

DECEMBER 27, 2024

They handle property searches, showings, and contract negotiations. Sellers agents: Listing agents specialize in representing sellers. Teams that use Ylopo can give their agents a serious edge when it comes to reaching more buyers and sellers and turning leads into deals. Take your time and review the document thoroughly.

Real Estate 418

Real Estate Tools Agents Real Estate Agent 418

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

Real Estate 435

Real Estate Insurance Law Real Estate Agent 435

Listing Spark

JANUARY 5, 2025

Start with a home seller’s checklist to ensure you are organized and prepared. Here is a great net sheet by Stewart Title for sellers to calculate listing expenses. Here is a great net sheet by Stewart Title for sellers to calculate listing expenses. Really look into the neighborhood market activity.

Sellers 69

Sellers HOA Real Estate Agent Contracts 69

Realtor

OCTOBER 29, 2020

You have a specified time period, as stated in the sales contract, during which you have to obtain a loan that will cover the mortgage. Sometimes distant relatives—or an ex-spouse—may surface with a claim that they actually own the home, and that the seller had no right to sell it to you in the first place. Clear the title.

Buyers 208

Buyers Inspection Contracts Real Estate Agent 208

Housing Wire

JUNE 26, 2024

ADR can be ideal for common real estate disputes, like those over commissions between brokerages and their agents, or between competing brokers—or when buyers or sellers claim their agents breached their fiduciary duties. One of those costs, surely, is never again doing business with the other broker, agent, buyer, or seller.

Real Estate 302

Real Estate Legal Law Agents 302

Housing Wire

JANUARY 29, 2024

Further, their study found that 36% of sellers who worked with an agent found them through a referral by friends or family. You can then mention that at the end of working together, you’d be grateful if they could provide a helpful review you might share with other buyers or sellers who may be looking for an agent.

Real Estate 435

Real Estate Clients Real Estate Agent Agents 435