Housing Wire

JULY 23, 2024

In a report released Tuesday , the government-sponsored enterprise anticipated the Federal Reserve would cut benchmark rates in September and December, resulting in the average 30-year rate declining to 6.8% The surveyed agents also noted that affordability was the No. Fannie Mae economists project two rate cuts by the end of 2024.

Mortgage 511

Mortgage Real Estate Agent Finance Buyers 511

The Appraiser Coach

FEBRUARY 22, 2022

What makes a contract a contract? Is it the legal prose, the professional typesetting, or the date across the top? I’m no lawyer, but my mentor once told me that. Read More.

Contracts 195

Contracts Legal Inspection Advertising 195

Housing Wire

DECEMBER 8, 2023

Are you looking to get licensed as a real estate agent in Arizona? We’ve reviewed all the key information to determine the best Arizona real estate schools to help you get licensed quickly and efficiently with a state-approved, online program at an Arizona real estate school.

Real Estate 434

Real Estate Contracts Law Real Estate Agent 434

Housing Wire

NOVEMBER 30, 2023

Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. From completing your required coursework to taking the licensing exam, keep reading to learn how to become a real estate agent in Ohio. Ready to find a real estate brokerage?

Real Estate 459

Real Estate Real Estate Agent Brokerage Agents 459

Housing Wire

OCTOBER 22, 2023

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. We estimate that it’ll take three to six months to get up and running as a licensed real estate agent in the Lone Star State.

Real Estate 435

Real Estate Real Estate Agent Agents Brokerage 435

Housing Wire

JUNE 21, 2024

We call these unfair service agreements for a reason,” Elizabeth Blosser, the vice president of government affairs at ALTA, told HousingWire in May 2023. The firm had more than 500 real estate agents. In September 2023 , MV Realty filed for Chapter 11 bankruptcy in 33 states.

Realty 395

Realty Law Real Estate Agent Real Estate 395

Housing Wire

JULY 19, 2022

Michael Loftin, CEO of Homewise , whose work revolves around sustainable homeownership, suggested HUD take a cue from the government-sponsored enterprises. Loftin also suggested a subsidy for real estate agents, because “they can’t make a living selling $40,000 homes.”

Mortgage 397

Mortgage Finance Lending Development 397

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. By the Mortgage Bankers Association ’s estimate, it takes on average about $2,500 to process, underwrite and close a government loan.

Mortgage 397

Mortgage Loan Officers Government Buyers 397

Housing Wire

MARCH 7, 2022

The creation of the NFT real estate market thrusts a spotlight onto a Silicon Valley company specifically throwing itself into real estate, blockchain and NFTs. It also gives real estate agents ideas. How a real estate NFT works today…. Bitcoin is perhaps the best-known cryptocurrency.

Real Estate 501

Real Estate Law Inspection Agents 501

Housing Wire

MAY 31, 2022

Among them are Geneva Financial , a mortgage lender headquartered in Arizona, which opened a branch location in Chicago, and New Western , a real estate investment firm, which also launched its first office in Chicago, marking its expansion with its 43rd office location in its 19th state. Department of Agriculture (USDA).

Mortgage 397

Mortgage Construction Lending Real Estate 397

Housing Wire

FEBRUARY 16, 2024

Preventing sellers and listing agents from setting buyer-broker commissions would promote greater price competition and innovation in the market for brokers’ services,” the DOJ wrote in the filing. Originally filed in 2020 in U.S.

Sellers 459

Sellers Buyers Real Estate Contracts 459

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I

Inventory 459

Inventory Buyers Agents Real Estate 459

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

Appraisal Today

SEPTEMBER 6, 2024

Newz: Disturbing AMC Violations, Appraiser and Real Estate Agent Communication September 6, 2024 What’s in This Newsletter (In Order, Scroll Down) Top 10 Things Appraisers Wish Real Estate Agents Understood Divorce Appraisal Red Flags Carmel’s Iconic and Artistic ‘Owl House’ $3,750,000 Housing Market Update: August 2024 Please!

Real Estate Agent 97

Real Estate Agent Real Estate Appraisal Agents 97

Housing Wire

JULY 12, 2022

Starting in July, the government-sponsored enterprise will allow remote inspections on some refinance loans it buys. An agent does a floorplan scan when they make a listing. The seller accepts it; they go into contract. After all, it wasn’t so long ago appraisers received assignments via fax machine. An offer comes in at 5 p.m.

Appraisal 435

Appraisal Inspection Real Estate Agent Training 435

Birmingham Appraisal

DECEMBER 17, 2024

Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations. I had the opportunity to discuss some common questions people have about the appraisal process with Massachusetts real estate agent Kevin Vitali.

Appraisal 76

Appraisal Easement Real Estate Agent Valuation 76

Appraisal Buzz

JUNE 20, 2022

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.

Appraisal 417

Appraisal Property Appraisal Modernization Real Property 417

Appraisal Buzz

SEPTEMBER 12, 2024

The cost of purchasing a second house increased in 2022 as a result of an increase in loan costs by the government. Most short-term rental owners on platforms such as Airbnb make less money overall, and many local governments have put limits on short-term rentals. Mortgage-rate locks for second houses climbed a record 96.2%

Mortgage 221

Mortgage Real Estate Agent Government Contracts 221

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. I think listing agents are going to win. Fannie Mae, Freddie Mac and the U.S.

Buyers 418

Buyers Agents Loan Officers Real Estate 418

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Sellers 448

Sellers Buyers Real Estate Agents 448

Realtor

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. As the home buyer of this piece of real estate, you’re entitled to choose the title company.

Buyers 207

Buyers Inspection Contracts Real Estate Agent 207

Housing Wire

DECEMBER 21, 2023

REALITY: The appraisal process is similar to conventional and other government-sponsored loans. The VA approves and contracts with local appraisal professionals to ensure a seamless process. MYTH: The appraisal process for VA loans is more stringent and difficult than conventional loans.

Mortgage 468

Mortgage Renovations Appraisal Process Finance 468

Housing Wire

OCTOBER 16, 2023

Editor’s note: There are conventional mortgage options with down payments as low as 3% and government-insured loans with a low- or no-down-payment requirement.) This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. Rate buy-downs are another option I recommend in this market.

Agents 435

Agents Buyers Sellers Inventory 435

Realtor

NOVEMBER 1, 2023

Here’s a brief look at the VA loan process to help both veteran homebuyers and their real estate agents better navigate how to cross the finish line. It also shows home sellers and listing agents that you’re a strong home-buying candidate. Getting under contract Signing a contract to purchase a home comes next.

Real Estate Agent 121

Real Estate Agent Contracts Finance Real Estate 121

Realtor

APRIL 14, 2021

But there are still many great opportunities if you’re patient and have a great real estate agent and lender.”. In this market, we are seeing a lot of appraisal gaps being written into contracts. This can be attributed to low mortgage rates and low inventory creating strong demand from buyers.

Mortgage 155

Mortgage Real Estate Agent Real Estate Buyers 155

Appraisal Today

NOVEMBER 1, 2024

Many people confuse us with real estate agents. Government refinances accounted for a large part of the decrease, dropping 12 percent over last week.” The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.73 percent from 6.52

Appraisal 96

Appraisal Training Contracts Mortgage 96

Birmingham Appraisal

NOVEMBER 20, 2024

Myth #3: The appraisal always comes in at the contract price I have heard this observation from others and would like to address it as a myth because it does not always happen. In a sales transaction, there is one additional piece of data and that is the contract price.

Real Estate 91

Real Estate Appraisal Inspection Contracts 91

Realtor

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. As the home buyer of this piece of real estate, you’re entitled to choose the title company.

Buyers 78

Buyers Inspection Contracts Real Estate Agent 78

Appraisal Today

SEPTEMBER 15, 2023

Appraisers are less likely this year to cite expanding regulations/interpretations of regulations, lender requirements, pressure from real estate agents/brokers, and liability concerns. From Dave Towne: Over the years, many appraisers have reported being blacklisted by real estate agents and even mortgage brokers.

Appraisal 96

Appraisal Real Estate Agent Contracts Real Estate 96

D Fritz Appraisals

FEBRUARY 22, 2023

This makes it ideal for ongoing projects but may come with higher interest rates than other borrowing forms of borrowing so make sure you understand all the details before signing any contracts. We have provided reliable real estate lending, sales, and appraisals for four decades in Victoria, BC.

Investing 129

Investing Real Estate Appraisal Market Value 129

Appraisal Today

APRIL 26, 2024

What should appraisers look for in a sales contract? NOTE: Please scroll down to read the other topics in this long blog post on agent concessions, History of appraisal bias back to 1930s, “one mile” rule and bias, unusual homes, mortgage origination stats, etc. You are “graded” on how close you come to the sales price.

Appraisal 93

Appraisal Real Estate Real Estate Agent Contracts 93

Realtor

APRIL 14, 2021

But there are still many great opportunities if you’re patient and have a great real estate agent and lender.”. In this market, we are seeing a lot of appraisal gaps being written into contracts. This can be attributed to low mortgage rates and low inventory creating strong demand from buyers.

Mortgage 78

Mortgage Real Estate Agent Real Estate Buyers 78

Zillow

JULY 15, 2019

A closing is usually attended by the buyer, the seller, both real estate agents and the lender. Closing of escrow is the responsibility of the escrow agent. Comps : Or comparable sales, are homes in a given area that have sold within the past six months that a real estate agent uses to determine a home's value.

Real Estate Agent 56

Real Estate Agent Inspection Insurance Sellers 56

Appraisal Today

AUGUST 25, 2023

I have seen this type information before, but mostly from contacting companies, recruiters or government databases. This has real estate agents scrambling for ways to meet the needs of their clients and limit disruption to their business. If you’re thinking about upgrading your license, this illustrates the income levels.

Appraisal 93

Appraisal Real Estate Agent Agents Real Estate 93

McKissock

JANUARY 6, 2023

Train future appraisers, collateral underwriters, AMC staff, real estate agents, and others in real estate appraisal. A variety of attorney work is available, including estate appraisals, divorce appraisals, consulting, expert testimony, and appraisal reviews.

Appraisal 74

Appraisal Training Lending Land Management 74

Appraisal Today

JUNE 28, 2024

The void in representation by the appraisal industry over the past decade on the AVM issue, to talk about those 200 feral cats living in the house being valued, has enabled AVMs to be legitimized by the federal government. To read more, Click Here My comments: I have only included excerpts on mortgage origination forecasts. =

Valuation 71

Valuation Appraisal Real Estate Real Estate Agent 71

Appraisal Today

FEBRUARY 9, 2024

Damned if you do, damned if you don’t has become the new normal in the real estate appraisal profession. The government and those that write the rules have made it illegal (a punishable violation) to refuse an appraisal assignment in an area which consists primarily of non-whites. I looked like a real estate agent.

Appraisal 95

Appraisal Contracts Insurance Construction 95