Housing Wire

AUGUST 22, 2024

Instead, it stems from the need to formally consult and contract with potential buyers before opening any doors. For many Realtors, the biggest challenge so far has been convincing strangers to meet in a strange place to discuss strange topics—buying a home, getting a mortgage , negotiating inspections, etc.

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Real Estate Realtors Contracts Agents 476

Housing Wire

MARCH 8, 2023

These include excessive late fees and fees for unnecessary property inspections. Mortgage servicers charged the top late fee amount allowed by relevant state laws, even when homeowners’ mortgage contracts capped late fee amounts below state maximums,” the CFPB said.

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Mortgage Inspection Law Contracts 397

Housing Wire

MAY 21, 2024

Be diligent with a home inspection Since non-disclosure states lack public information on property conditions, a thorough home inspection becomes even more critical. You can request the seller disclose any known issues, and negotiate repairs or price adjustments based on the inspection’s findings.

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Real Estate Agent Real Estate Inspection Valuation 488

Raleigh Realty

JULY 31, 2022

Major Home Inspection Issues and How to Handle Repairs If your home inspection turns up any of these 7 major issues it could be time to negotiate some mandatory fixes with the seller before you proceed with purchasing the home. After a home inspection, issues are going to arise. Structural Issues 1. Plumbing 3.

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Inspection Sellers Real Estate Agent Buyers 148

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

OCTOBER 9, 2024

“Maybe you are trying to make your offer more attractive to the seller, so you don’t include it on the purchase and sales, but in a negotiation situation, I think it is really important to have it on there, just as you would if you are waiving inspection, so that way everyone knows what the buyer’s intentions are going in.”

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Buyers Sellers Agents Contracts 468

Housing Wire

AUGUST 4, 2022

Both are alternatives to the traditional appraisal, and potentially reduce the amount of time an appraiser spends driving to and performing an on-site inspection. Veros also signed an appraisal management services contract with the VA in 2019.

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Appraisal Valuation Real Estate Technology 435

Housing Wire

APRIL 8, 2021

Consider an appraisal gap: Adding an appraisal gap to your offer tells the seller that even if the property appraises for less than the purchase price in the contract, you are committing a preset dollar amount to making up the shortfall. In an extremely competive market?

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Inspection Sellers Buyers Tools 468

Appraisal Buzz

MARCH 5, 2025

of homes that went under contract that month, up from 13.4% As a result, some house hunters backing out during the inspection period because a better house for them has come along or at least the promise of a better house. One in seven pending home sales in the U.S.

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Buyers Inspection Agents Contracts 273

Housing Wire

DECEMBER 8, 2023

Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours. Course includes contracts used in real estate transactions with samples and practical contract completion exercises.

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Real Estate Contracts Law Real Estate Agent 434

Housing Wire

DECEMBER 20, 2021

In the next five-to-10 years he 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. So, it’s like you put those things together and it’s like, what is the argument for having a human being go to a house and physically do an inspection.”.

Inspection 418

Inspection Appraisal Contracts Real Estate 418

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. An offer comes in at 5 p.m.

Appraisal 435

Appraisal Inspection Real Estate Agent Training 435

Housing Wire

JUNE 24, 2021

The all-cash contract signed between Accept.inc and the seller is still contingent on a satisfactory inspection that can be negotiated between the buyer and agent. If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close.

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Sellers Buyers Investors Inspection 418

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

JUNE 21, 2021

You set your appointments the night before, and when you get there that morning, they might already be under contract.” Generally, they go under contract in a day or two.” . “I never know how my day is going to go, because when a new listing comes on the market in Knoxville, the race is on.

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Housing Market Marketing Realtors Inventory 459

Appraisal Buzz

JULY 23, 2024

of all homes under contract, being canceled in that month alone. of the residences that were under contract in that month. of homes that went under contract. of homes that went under contract. The share of pending sales that fell out of contract, as % of overall pending sales was 14.9%, representing a 0.3

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Buyers Contracts HOA Property Taxes 396

Housing Wire

JULY 26, 2024

Contingencies in the agreement protect both parties if problems arise during the appraisal, inspection, or financing stages of the transaction. However, an agent can help suggest a fair market value, draw up contracts, review documents, and ensure state-required protocols are followed. Agree on contingencies.

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Market Value Real Estate Agent Real Estate Finance 459

Housing Wire

NOVEMBER 4, 2024

The homes I toured all went under contract within a week of being listed and, so far, at least two have sold for more than $20,000 over asking price. In writing both offers, Angela and I made sure to fully disclose how I was expecting her to get paid , as well as all of my requests, including a home inspection contingency clause.

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Agents Inspection Real Estate Sellers 435

National Association of Realtors

JANUARY 24, 2022

The fraction of buyers who are waiving appraisal and inspection contract contingencies has been trending downwards in recent months, with REALTORS® saying that 19% of buyers waived the inspection contingency in December 2021, down from 27% in July, and 21% waived the appraisal contingency, down from 29% in June.

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Inspection Contracts Realtors Buyers 80

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. What Is a Home Inspection? What Is a Home Appraisal?

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Inspection Appraisal Property Appraisal Real Estate 97

Housing Wire

SEPTEMBER 17, 2024

Regardless of how agents and their clients are handling compensation in any given transaction, brokers agree that in order to make everything clear for all parties involved, it is best to include how the buyer broker fees are being handled in both the purchase and sales contracts being submitted with an offer. “If

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Agents Sellers Buyers Realtors 448

Realtor

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency. A copy of your contract with the seller. Your home inspection reports.

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Buyers Inspection Contracts Real Estate Agent 207

Realtor

JULY 13, 2021

The provisions of a contingency contract are there to protect buyers and sellers. Home inspection. A home inspection is the foundation on which all other real estate contingencies are built. In the inspection, a neutral expert assesses the home for roofing, plumbing, structural, electrical, and other major problems.

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Inspection Real Estate Agent Real Estate Buyers 200

Housing Wire

AUGUST 31, 2022

Quality inspection after data entry can be customized to account for new employees or experts with low error rates. Data entry is a separate function and can be completed with client staff or offshore partners. All management queues can assign work by hard states versus easy states or what suits the employee.

Clients 370

Clients Inspection Technology Contracts 370

Appraisal Buzz

AUGUST 30, 2022

According to a new Realtor.com survey, some 92% of people who sold their home within the last year accepted some buyer-friendly terms, and approximately 41% accepted some contingencies in the contract.

Sellers 195

Sellers Inspection Contracts Buyers 195

Housing Wire

APRIL 13, 2021

Richardson also noted that there have been fewer property inspection waivers issued by Fannie Mae in the last several months, keeping appraisers, inspectors and others in valuation very busy. “If you ask for a rush job, they say they can’t do rushes right now because they have so much in the pipeline.”.

Housing Market 535

Housing Market Buyers Marketing Real Estate Agent 535

Housing Wire

SEPTEMBER 9, 2020

Another critical element, according to agents, is not to make the deals contingent upon things like inspections and not to “nickel and dime” the seller. “I think in August something like 600 homes went under contract in a three-week period, which for Birmingham is a lot. That will set the prospective buyer apart, Harrison said.

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Agents Marketing Clients Buyers 501

Housing Wire

JANUARY 11, 2024

There are a lot of agents today that still prefer having their customers sign contracts manually, with physical signature. But having some experience with that, I didn’t really want to find contract offshore providers. And there are some states or even some geographies within states that still mandate that. But it’s weird.

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Technology Contracts Business Appraisal 476

Housing Wire

OCTOBER 1, 2022

Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. There had been nearly one-third of buyers who waived an inspection or appraisal contingency, but the last month it fell to just over 20% for both.

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Realtors Housing Market Marketing Buyers 418

Housing Wire

MAY 2, 2022

From drive-through closings to drone-guided inspections, industry experts got creative to meet the growing demand for new homes for a surge of homebuyers and homeowners who wanted to take advantage of low interest rates. So using the contract price as a proxy for value, the LTV cap is 90. It needs to be a single-family residential.

Appraisal 418

Appraisal Valuation Technology Inspection 418

Eppraisal

OCTOBER 26, 2021

Some are waiving appraisals and others are even offering to waive inspection contingencies. Inspection Contingencies Defined When buyers and sellers agree on all the terms of a real estate contract, it is signed and delivered to all parties. Some buyers like to have the roofs inspected by roofing companies.

Inspection 69

Inspection Buyers Real Estate Agent Contracts 69

Realtor

MAY 17, 2023

While it’s certainly true that you can let go of the anxiety of needing to show your home at any moment, you still need to cooperate with your buyer, the buyer’s agent, and the commitments made in the contract. In those cases, you or your listing agent or the buyer’s agent will need to make the home available for inspection.

Sellers 138

Sellers Inspection Contracts Property Taxes 138

Housing Wire

JUNE 28, 2024

There is nothing there right now that really scares us; buyers just have the opportunity to be a bit more sensible with their offers and don’t have to worry about waiving inspections or financing contingencies, which is a good thing.”

Housing Market 397

Housing Market Marketing Inventory Buyers 397

GoForrmz

FEBRUARY 29, 2024

The repair, inspection, and maintenance industries have seen recent drastic changes as a result of technological advancement In the unprecedented wake of the last few years, the repair, inspection, and maintenance industries faced significant challenges.

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Inspection Technology Contracts Real Estate 78

Genworth MI Blog

AUGUST 31, 2022

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. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

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Real Estate Real Estate Agent Contracts Inspection 148

Cleveland Appraisal Blog

MAY 27, 2021

Right now, in many contracts, buyers state that they will not pay more than a certain about over the appraised value of a home. Imagine if the appraiser just magically hit the contract price when there was really no support for doing so. So, having a well-developed and supportable opinion of value is important. SIZE MATTERS.

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Market Value Appraisal Buyers Marketing 418