Housing Wire

DECEMBER 9, 2024

Supply growth could also come from more sellers, such as investors or distressed borrowers unloading. However, in most of the country, we have no growth from the seller side. In Florida and Texas, we see the rising costs of insurance , taxes and climate risk driving some sellers. Sellers are growing by 5% to 10% per week.

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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!

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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 what I found to be a pleasant surprise, the sellers of the two homes I put offers in on were offering buyer broker compensation. I could have increased my offers.

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Appraisal Buzz

DECEMBER 30, 2024

The typical home that did go under contract in November did so in 43 days, the slowest November pace since 2019. I explain to sellers that their house will sit on the market if its not fairly priced. of listings last month were on the market for at least 60 days without going under contract, up 12.3 In Portland, 58.7%

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Inventory HOA Real Estate Agent Contracts 221

Appraisal Buzz

MARCH 14, 2025

And in Florida, unsold inventory is piling up amid skyrocketing insurance costs and HOA fees, along with intensifying natural disasters. There are about five times more home sellers than buyers, meaning its a buyers market, said Connie Durnal, a Redfin Premier Agent in the northern suburbs of Dallas.

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Housing Wire

MAY 6, 2024

More home sellers are coming back to the market each week. These are new listings that are already under contract, so they’re not counted in the active inventory. That makes a total seller count of 93,000 for the week, which is 20% more than last year at this time. At that time, there were more sellers and more sales.

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Appraisal Buzz

JULY 24, 2024

Nearly two-thirds (64.7%) of homes on the market in June had been listed for at least 30 days without going under contract, according to a new report from Redfin, a technology-powered real estate brokerage. This marks an increase from 59.6% year-over-year, the largest annual rise in a year and the highest share for any June since 2020.

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Inventory Marketing HOA Contracts 435

Housing Wire

FEBRUARY 7, 2024

The agency updated and clarified property insurance requirements at the direction of the Federal Housing Finance Agency (FHFA) to align with Freddie Mac policy, which says that “policies that limit, depreciate, reduce or otherwise settle losses at anything other than a replacement cost basis are […] not acceptable.”

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Housing Wire

OCTOBER 23, 2023

This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract.

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Real Estate Brokerage Valuation Contracts 446

Housing Wire

MAY 20, 2024

The second dynamic to watch here is how many sellers are cutting their prices each week. But we can see that there is an upper limit to affordability for homebuyers and sellers should absolutely be aware of this before they list their homes. That’s a pinch fewer sellers than last week, still 13% more sellers each week than a year ago.

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Housing Wire

SEPTEMBER 12, 2024

That figure does not includes taxes or insurance , and it assumes that a buyer made a down payment of 20% with a mortgage rate of 6.5%. The typical home sold in August took 20 days to go under contract, up from 18 days in July but down from 26 days in August 2019. Zillow noted that the U.S. in August to $1,827. 29 to Oct.

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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.

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Sellers HOA Real Estate Agent Contracts 69

Housing Wire

JUNE 25, 2024

Altos reported that 67,000 new contracts for single-family home transactions were started during the past week, down 2.7% But Altos data also shows that a large share of homes (36.9%) include cuts to the original list price, a sign that inventory is rising and sellers are having a more difficult time locating a buyer.

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Mortgage Marketing Property Taxes Sellers 418

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. As title insurers our business practices and our regulatory oversight are different in every single state,” Stone said. “So

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Housing Wire

FEBRUARY 9, 2023

Northpointe, a private depository institution insured by the Federal Deposit Insurance Corporation (FDIC), was established in 1999 with a focus on residential mortgage loan origination and servicing. Northpointe became an approved seller and servicer for Freddie Mac in 2013, Fannie Mae in 2014 and Ginnie Mae in 2016.

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Housing Wire

APRIL 18, 2023

Radian has developed titlegenius to help improve the closing process for homebuyers, sellers and lenders alike. Radian’s innovative platform walks the borrower through the closing process step-by-step, from contract to keys. The platform makes closings simple, transparent and less expensive.

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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.

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Housing Wire

APRIL 9, 2021

. “We’re giving them an offer to unlock their equity and move forward to make an offer on their next home,” Ryan Raveis, co-president of William Raveis Real Estate, Mortgage & Insurance (WRRE) , said in an interview with HousingWire. WRRE has offers under contract plus more in the pipeline.

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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.

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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.

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The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. 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.

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Contracts Tenants Legal Sellers 143

Housing Wire

AUGUST 22, 2024

We worked together during my days on the House Banking Committee, working to improve dealing with the federal flood insurance program. It’s ridiculous to argue that if a seller can save money by refusing to pay a buyer’s agent, that seller will pass the savings on to the buyer as a lower home price.

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Real Estate Sellers Legal Buyers 351

Appraisal Buzz

AUGUST 16, 2021

In other words, why are appraiser estimating market value below the contract price so often? But what offer will the seller accept $400,000. Many will say, we have a willing buyer and seller, so we have an indication of value. The motivation of the seller is obvious. Think in terms of insurance.

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Market Value Buyers Appraisal Sellers 448

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

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.

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HOA Property Management Real Estate Agent Technology 488

Housing Wire

MAY 24, 2024

Consider getting pre-approved if possible, as this not only gives you a realistic idea of how much you’ll be able to borrow, but it also signals to home sellers that you’re serious rather than casually looking. Other government-backed loan programs include FHA loans which typically require only a 3.5%

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Mortgage Insurance Contracts Design 468

Housing Wire

APRIL 17, 2023

For agents and sellers looking to succeed in Austin’s current market, Redding says pricing is key. “We We are still seeing properties going under contract quickly, so long as they are priced properly,” he said. Altos considers an index reading of 30 to be a balanced market — and anything above that to be a seller ’s market.

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Housing Market Marketing Inventory Buyers 418

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. As a seller, here’s what you need to know about the settlement process.

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Sellers Inspection Contracts Property Taxes 138

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. But there’s also room for improvement.

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HOA Real Estate Agent Technology Real Estate 459

Housing Wire

OCTOBER 16, 2023

Not to mention the current mortgage rates at decades-high levels as well as sellers who are locked in with pandemic low rates. 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.) It never will be. I’ll explain later.)

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Agents Buyers Sellers Inventory 435

Appraisal Buzz

JUNE 20, 2022

Borrowers, sellers, and real estate agents are seeking to lay blame for failed real estate transactions and often target the appraiser as the villain. This might include assignment conditions, contracts, leases, income and expense data, subject property descriptions, and builder’s cost information.

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Appraisal Property Appraisal Modernization Real Property 417

Housing Wire

DECEMBER 27, 2023

With its four largest firms all at least 100 years old, the title insurance industry has a bit of a reputation for being antiquated and technology averse. “I For example, when a title company receives a Purchase & Sale contract via email, AI can help grab key information and queue up a transaction with pre-populated data for review.”

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Technology Business Insurance Development 468

Housing Wire

AUGUST 24, 2023

However, persistently high mortgage rates pose a significant affordability challenge to buyers and sellers (not to mention the workers of a trillion dollar-plus industry). At today’s rate, the monthly cost to purchase a home totals about $2,400, not including property taxes and insurance, a 17% increase from a year ago.

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Mortgage Property Taxes Investors Buyers 370

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. As part of the closing process, your mortgage lender will require a title search, and you’ll need to purchase title insurance to protect you from legal claims to the house. Clear the title.

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Buyers Inspection Contracts Real Estate Agent 207

Housing Wire

OCTOBER 13, 2022

Emblematic of the excesses that took place, in 1987 the FSLIC [the now-defunct Federal Savings and Loan Insurance Corp.] That’s primarily because the bulk of the nonbank assets that will be up for grabs in the industry re-alignment — mortgage loans and servicing contracts — are quality assets that are performing well.

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Marketing Mortgage Buyers Sellers 370

Lamacchia Realty

OCTOBER 11, 2024

HOW FLORIDA'S NEW FLOOD DISCLOSURE REGULATIONS IMPACT BUYERS AND SELLERS In the aftermath of Hurricane Helene, Florida state lawmakers have passed a new flood disclosure statute for real estate transactions. In this blog, we’ll explore what the new law consists of and how it could affect both buyers and sellers in the Sunshine State.

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Sellers Buyers Insurance Law 73

Housing Wire

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

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