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.

Market Value 459

Market Value Real Estate Agent Real Estate Finance 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

Buyers 396

Buyers Contracts HOA Property Taxes 396

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.

Real Estate 433

Real Estate Contracts Law Real Estate Agent 433

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

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

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.

Buyers 207

Buyers Inspection Contracts Real Estate Agent 207

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.

Technology 475

Technology Contracts Business Appraisal 475

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

Listing Spark

JANUARY 5, 2025

Some of the expenses you can expect as a seller in Texas are: Commissions Title Insurance Policy HOA Fees: Its a good idea to call your HOA to find out what expenses are incurred by the seller in your neighborhood Home Warranty Survey (if you dont have your existing one) Misc. Or better yet, hire a handyman to do it right.

Sellers 69

Sellers HOA 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

Cleveland Appraisal Blog

JULY 16, 2022

An appraisal is the estimated value of a home that is based on an inspection. Homeowner’s insurance only covers structural damage, theft of belongings, and injury on your property. Take advantage of online reviews to evaluate your potential mover before signing any contract.

Appraisal 297

Appraisal Contracts Property Taxes Inspection 297

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

Empire Appraisal Group

DECEMBER 12, 2024

Property taxes, insurance, maintenance fees going up and then all these special assessments for repairs. The tragic collapse of Surfsides Champlain Towers South condo building in 2021 left 98 people dead and led to sweeping reform of the states condo inspection law. Its pricing a lot of people out of the market. Bidding wars?

Real Estate Agent 78

Real Estate Agent Inspection Real Estate Development 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?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

Renovations 388

Renovations Investing Real Estate Marketing 388

Hank Miller Team

NOVEMBER 22, 2022

There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. In simple terms, the lender will not lend more than a certain percentage of what the home is worth as of the date of contract. On occasion, appraisals come in below contract price.

Inspection 52

Inspection Appraisal Buyers Sellers 52

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.

Buyers 78

Buyers Inspection Contracts Real Estate Agent 78

Movoto

APRIL 8, 2024

This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. Real estate purchase contracts come into play to protect both parties and move the sale forward, helping prevent either party from wasting the other’s time and money.

Contracts 36

Contracts Real Estate Property Taxes Inspection 36

Lamacchia Realty

OCTOBER 6, 2021

However, the general rule of thumb is that it needs to be replaced in 60 days to obtain home insurance. No home insurance, no mortgage. Getting Insurance for a Home with Knob and Tube Wiring. Obtaining insurance for a home with knob and tube wiring comes with a specific set of requirements.

Insurance 74

Insurance Inspection Buyers Modernization 74

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

Inspection 435

Inspection Real Estate Agent Real Estate Insurance 435

Birmingham Appraisal

SEPTEMBER 15, 2022

You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection. As a new homeowner, you might be confused about the differences between an appraisal and a home inspection. Home inspections are normally regulated by the state.

Appraisal 98

Appraisal Inspection Appraisal Process Real Estate Agent 98

McKissock

JULY 26, 2022

Timeliness and types of inspections. Property insurance. Regardless of the strengths and weaknesses of the competing offers, the seller can only negotiate one offer at a time until there is a binding contract. because they feel the offer price is too low, too many repairs or inspections are requested, etc.), Inspections.

Real Estate 81

Real Estate Counter Offer Buyers Inspection 81

Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract. It's one of the final steps after going under contract.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

The Robert Weiler Company

JUNE 17, 2022

Perform your own initial inspection on the apartment building and surrounding property. Get a professional inspection and commercial appraisal of the apartment building before making a final decision. Before hiring a property management company, make sure a contract is in place that covers all of your expectations.

Property Management 147

Property Management Renovations Real Estate Investing 147

Will Springer Realtor

MARCH 1, 2022

A home inspection is almost always the best route to take before purchasing a property. In a competitive market, however, buyers recognize that submitting an offer with a request to conduct a traditional inspection can hurt their chances of winning a bidding war. This is the best option when a traditional inspection is not viable.

Inspection 36

Inspection Buyers Sellers Real Estate 36

The Robert Weiler Company

APRIL 15, 2022

A more established company might choose a commercial space to lease because the contract offers more security over the long term. A commercial lease is a legally binding contract that details the relationship between a tenant and a landlord. Indemnity and Insurance. What does it mean to rent commercial space? Damage to Premises.

Tenants 144

Tenants Landlords Property Taxes Real Estate 144

Empire Appraisal Group

OCTOBER 17, 2024

Not reviewing homeowners’ insurance coverage It’s important to determine how much homeowners insurance you need for your unique circumstance. Renovations or upgrades could impact your insurance coverage limits and might not be covered by your existing policy.

Renovations 78

Renovations Inspection Tools Insurance 78

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. You can say no to the counteroffer, accept it or propose new changes to the contract. Arriving at a verbal agreement differs from being in a contract.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Appraisal Today

JANUARY 31, 2025

In the Oakland CA firestorm in 2021, many of the homes had reproduction replacement in their insurance policies. The home owners with reproduction costs got very large payments from their insurance companies. The insurance companies learned their mistake and never offered reproduction again. percent, with points increasing to 0.63

Appraisal 63

Appraisal Contracts Real Estate Insurance 63

CA Realty Training

JULY 20, 2021

But, dealing with contracts and disclosures comes with the territory when you’re in escrow. The escrow company is responsible for ensuring that every stipulation of the contract is met. All the required contracts and disclosures involved with the transaction must be completed and signed by all parties. Scheduling Inspections.

Real Estate Agent 69

Real Estate Agent Contracts Real Estate Agents 69

McKissock

JANUARY 6, 2023

Aside from that, there are also private mortgage insurance (PMI) providers, like Radian, MGIC, or Genworth that may have open appraisal-related jobs. These may be full-time jobs or contracted services. This type of inspection is different from the type of inspection that an appraiser performs on a residential property.

Appraisal 74

Appraisal Training Lending Land Management 74

McKissock

APRIL 23, 2021

The webinar also reviews important options to consider, such as Medigap insurance and Medicare HMOs, as well as other effective strategies to help you plan for your medical and financial needs during retirement. 5 Tips for Preparing for an Inspection of a Luxury Home (infographic). More resources for appraisers. recorded webinar).

Appraisal 89

Appraisal Inspection Real Estate Business 89

Zillow

JULY 15, 2019

American Society of Home Inspectors (ASHI) : A not-for-profit professional association that sets and promotes standards for property inspections and provides educational opportunities to its members. Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur.

Real Estate Agent 56

Real Estate Agent Inspection Insurance Sellers 56

Appraisal Today

SEPTEMBER 22, 2023

To me, the big issue is who is doing the inspections. Most of the inspection training we receive as appraisers happens in the field. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing. Inspection training was very good. Read the full report. Very interesting.

Appraisal 87

Appraisal Training Inspection Real Estate 87

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. “It is important to get that notice out up front, and this contract is now going to make that a little bit more clear.

Contracts 36

Contracts Real Estate Sellers Buyers 36

Raleigh Realty

AUGUST 20, 2022

Hidden Costs when Purchasing a Home There are hidden costs when buying a home, including closing costs, insurance, or utility costs. On the flip side, if you cannot obtain a mortgage or decide to walk away from the deal, you may lose that deposit, depending on how your contract is worded.

Property Taxes 78

Property Taxes Real Estate Agent Insurance Real Estate 78

Raleigh Realty

MARCH 29, 2021

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance. Due diligence stretches from the time you sign a contract to closing. They just oversee the process.

Government 148

Government Real Estate Agent Insurance Property Taxes 148