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

JULY 19, 2022

Freddie Mac and Fannie Mae give [lenders] a little bump on their origination fee to encourage small-dollar lending,” said Loftin. Loftin also suggested a subsidy for real estate agents, because “they can’t make a living selling $40,000 homes.” It’s an acknowledgement that you’re making less on a small-dollar loan.”.

Mortgage 397

Mortgage Finance Lending Development 397

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. Wells Fargo , Pennymac , U.S.

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Buyers Agents Loan Officers Real Estate 418

Housing Wire

JUNE 14, 2022

It also plans to reduce costs by not backfilling roles and by getting out of real estate office leases. Both Redfin and Compass are considered disruptors in the real estate industry, but neither has managed profitability. Redfin is rare in that it has salaried real estate agents as opposed to independent contractors.

Marketing 370

Marketing Real Estate Real Estate Agent Brokerage 370

Housing Wire

NOVEMBER 1, 2021

That means you’ve been thinking about real estate agents…a lot. The purchase money mortgage transaction begins with the real estate sales contract and that’s not something our industry controls. It’s the real estate agent who has the consumer’s trust at this point.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Lending 448

Housing Wire

FEBRUARY 9, 2021

Specifically, they want to be sure it’s worth the money they’re lending you and, most importantly, that they’ll recoup their investment if you default on the loan. Your real estate agent can help if you decide to go this route. When you go to buy a home , your mortgage lender will almost always order a home appraisal.

Appraisal 482

Appraisal Real Estate Agent Sellers Real Estate 482

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Real estate agents and lenders are working together to try to get buyers into houses. In fact, Austin has just about 1.2

Housing Market 535

Housing Market Buyers Marketing Real Estate Agent 535

Housing Wire

DECEMBER 21, 2023

The VA makes a guarantee to the lending institution for 25% of the loan amount and the lender is responsible for evaluating the eligibility of the borrower. The VA approves and contracts with local appraisal professionals to ensure a seamless process. David Smith is the VP of National VA Lending at loanDepot.

Mortgage 468

Mortgage Renovations Appraisal Process Finance 468

Housing Wire

FEBRUARY 7, 2023

In a June 2022 letter, nonbank trade group Community Home Lending Association suggested increasing the lender fee to 2%, plus a $500 underwriting fee. While the real estate agent gets a commission, whether an LO gets paid from an assumable mortgage depends on their individual lender’s setup.

Mortgage 397

Mortgage Loan Officers Government Buyers 397

Housing Wire

APRIL 8, 2021

First, the pre-approval letter tells the seller that you are serious about buying a home and that you have a commitment from a reputable lender on how much it will lend to you. Second, it allows you to tailor your offer to each individual house you put an offer on. This means you have to have the cash on hand to make up the difference.

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Inspection Sellers Buyers Tools 468

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.

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

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. The other party has no obligation to respond to you, but your real estate agent can reach out to learn their motivation for declining your proposal.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We would feed them leads, but they came back to us because they didn’t know how to structure the full document deals,” Jay Voorhees, co-founder at JVM Lending, said in an interview with HousingWire.

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Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

APRIL 6, 2021

But not everybody has the ability to tap friends and family or investments when the appraisal and the final sale price don’t match – many deals have fallen apart as a result, loan originators and real estate agents said. How hybrid title and valuations help increase lending efficiency. Presented by: Altisource. “I

Appraisal 540

Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Housing Wire

DECEMBER 13, 2022

They will continue investing in new technologies and lending programs. Brokers and LOs need to make sure they have solid relationships – with both real estate agents and with lenders who have the technology to help their clients get to the closing table. Challenging times bring out two different kinds of lenders.

Clients 418

Clients Technology Real Estate Agent Business 418

Appraisal Buzz

MAY 17, 2021

As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. Almost daily, there is some story on social media about being “turned in” to the state by a disgruntled agent, buyer, or seller for appraising a property below the contract price.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Realtor

JULY 13, 2021

Contingencies, in the world of real estate, are essentially conditions that must be met to finalize the sale of a home. The provisions of a contingency contract are there to protect buyers and sellers. A contingency offers an escape hatch if problems arise with the home or the homebuying process. Other experts agree.

Inspection 203

Inspection Real Estate Agent Real Estate Buyers 203

Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

Agents 89

Agents Appraisal Real Estate Agent Bracketing 89

McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. These may be full-time jobs or contracted services. Non-lending appraisal courses.

Appraisal 74

Appraisal Training Lending Land Management 74

Housing Wire

MARCH 5, 2021

Rocket goes to real estate agents directly and helps them to get licensed to be a loan officer and says ‘we’ll pay you a fee if you don’t send to brokers’… that’s not good for brokers. “UWM is closing loans in 16-17 days…In a purchase market you can’t miss the contract date. I don’t like that. .”

Investors 418

Investors Real Estate Agent Loan Officers Technology 418

Eppraisal

FEBRUARY 17, 2023

Comparable Market Analysis Real estate agents and brokers can prepare a professional, written comparable market analysis (CMA) for you if you are selling your home. Many real estate agents will prepare a CMA for you for free. However, they have different places in the real estate transaction.

Appraisal 36

Appraisal Real Estate Agent Marketing Real Estate 36

Housing Wire

NOVEMBER 3, 2023

Merle Whitehead, who in 2016 sold his brokerage RealtyUSA to Howard Hanna Real Estate Services , “years ago, worked diligently to increase the share of buyers who were under contract to work with his agents,” says Murray. I was just too busy building the company, selling real estate and developing properties.”

Real Estate 345

Real Estate Brokerage Buyers Property Management 345

Birmingham Appraisal

AUGUST 23, 2023

In the often chaotic world of real estate, the appraiser-agent relationship can contribute to a smoother process. When real estate agents and appraisers work together seamlessly, clients benefit from well-informed decisions, transactions become smoother, and professional relationships are strengthened.

Agents 85

Agents Appraisal Valuation Appraisal Process 85

Housing Wire

OCTOBER 16, 2023

This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. Nicole Rueth, Branch Manager and SVP of national mortgage lending company The Rueth Team , recently demonstrated it best. Rate buy-downs are another option I recommend in this market. Let’s use $10,000 as an example.

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Agents Buyers Sellers Inventory 435

Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes.

Realtors 80

Realtors Appraisal Market Value Real Estate Agent 80

Raleigh Realty

AUGUST 27, 2021

How Do I Know If My Real Estate Agent Is The Right Fit For Me? Much like buying a home, choosing a real estate agent is not something that should be taken lightly. So what are some of the ways you can go about finding a real estate agent?

Real Estate Agent 78

Real Estate Agent HOA Real Estate Agents 78

Annarbor Appraisal

SEPTEMBER 6, 2020

The first thing to remember as a consumer or real estate agent, is that the client is the lender, not the consumer. When a sale is involved, the valuation may be lower than contracted price. Remember the appraiser’s client is the lender, not the consumer or the real estate agent.

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

Housing Wire

AUGUST 23, 2023

” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agents, rather than offering these products and services directly to borrowers. The change resulted in Better’s exit from its real estate business.

Realtors 370

Realtors Technology Insurance Mortgage 370

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

Birmingham Appraisal

SEPTEMBER 15, 2022

A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. What If The Appraisal Is Less Than The Contract?

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Appraisal Inspection Appraisal Process Real Estate Agent 93

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.

Real Estate 124

Real Estate Investing Appraisal Market Value 124

Appraisal Today

JULY 29, 2022

57 Weird Real Estate Agent Photos. Excerpt: Yes, many great real estate photos really capture the house. More Terrible Real Estate Agent Photos for Appraisers. This is actually about fewer buyers getting into contract. Data for those fixer homes (contractor specials). percent from 5.82

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Hank Miller Team

NOVEMBER 22, 2022

In fact, some real estate agents would also benefit from a reminder about their respective roles. What is a Real Estate Appraisal? 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.

Inspection 52

Inspection Appraisal Buyers Sellers 52

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. It doesn’t lend itself to a 24-hour cycle. But there’s also room for improvement.

HOA 488

HOA Property Management Real Estate Agent Technology 488

Movoto

APRIL 30, 2024

A rent to own condominium parallels other real estate agreements that share the idea: in any rent-to-own scenario, the idea is that the lessee eventually purchases the property. Eventually, you’ll be faced with the same tasks as other real estate purchases. Lease Option Agreement. This agreement offers more flexibility.

Tenants 36

Tenants Real Estate Contracts HOA 36

Eppraisal

JANUARY 23, 2024

    Exploitive Lending and Mortgage Relief There have been 35 mortgage relief scams filed by the Federal Trade Commission in recent years, in which scammers promise to negotiate your rate with mortgage lenders, audit loan paperwork or provide legal services for a fee. Some pretend to be with the government.  Other

Legal 36

Legal Real Estate Agent Lending Real Estate 36

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. It doesn’t lend itself to a 24-hour cycle. There’s an entire industry built upon the “What’s next?”

HOA 459

HOA Real Estate Agent Technology Real Estate 459