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 next move would be to renegotiate with the seller. Your real estate agent can help if you decide to go this route. The purpose?

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Appraisal Real Estate Agent Sellers Real Estate 482

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.”.

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Mortgage Finance Lending Development 397

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.

Housing Market 535

Housing Market Buyers Marketing Real Estate Agent 535

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.

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Marketing Real Estate Real Estate Agent Brokerage 370

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. Another seller’s home may need repairs, and you put in your offer the need for a seller credit to pay for them. In an extremely competive market?

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Inspection Sellers Buyers Tools 468

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. It also allows home sellers to receive top dollar for the home, he said. The product, known as an assumable mortgage, is not new.

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Mortgage Loan Officers Government Buyers 397

Housing Wire

APRIL 6, 2021

Linda (who asked that her real name not be used) beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies. With others waiting in line behind her, the seller wouldn’t budge on price. How hybrid title and valuations help increase lending efficiency. Presented by: Altisource. “I

Appraisal 540

Appraisal Reconsideration of Value Real Estate Agent Sellers 540

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.

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Appraisal Clients Real Estate Sellers 420

Eppraisal

OCTOBER 23, 2023

The seller can reject your bid, make a counteroffer or accept your original proposal. Your response depends on how the seller replies. If the Seller Rejects Your Offer The seller may deny your home purchase offer for various reasons. You can say no to the counteroffer, accept it or propose new changes to the contract.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

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.

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Real Estate Real Estate Agent Contracts Inspection 148

Realtor

JULY 13, 2021

In our current seller’s market, the national inventory of active listings is down 43.1% They’re making sky-high offers and writing heartfelt letters to sellers about why they should get the house. Contingencies, in the world of real estate, are essentially conditions that must be met to finalize the sale of a home.

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Inspection Real Estate Agent Real Estate Buyers 203

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. Here are the following strategies agents can use to guide first-time homebuyers toward achieving this monumental step. Sellers are even using this as a tool to attract buyers. It never will be.

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Agents Buyers Sellers Inventory 435

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

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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.

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Agents Appraisal Valuation Appraisal Process 84

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.

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Agents Appraisal Real Estate Agent Bracketing 87

Eppraisal

FEBRUARY 17, 2023

The average consumer may not know the difference between the two, however, home buyers and sellers need to know. 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. These are often referred to as "comps."

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Appraisal Real Estate Agent Marketing Real Estate 36

Raleigh Realty

AUGUST 27, 2021

It lets sellers know that you are serious about purchasing their home and that you have done the work to be in good financial standing. Sellers want to know that you will be able to follow-through with the purchase of their home. How Do I Know If My Real Estate Agent Is The Right Fit For Me?

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Real Estate Agent HOA Real Estate Agents 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.

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Realtors Technology Insurance Mortgage 370

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? They do not represent either buyer or seller. 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.

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Inspection Appraisal Buyers Sellers 52

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.

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. Other users might be sellers, mortgage underwriting, banks, and contractors.

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Appraisal Inspection Appraisal Process Real Estate Agent 91

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. In parts of the country, sellers are receiving significantly more than asking price. If there are multiple offers, the seller's agent will probably ask each buyer for their "highest and best" offer in price and terms of the contract.

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Sellers Loan Officers Inventory Home Value 66

Will Springer Realtor

JULY 20, 2021

There was a time not too long ago when almost all residential real estate transactions required face-to-face customer interaction with a real estate agent/broker and ancillary services such as title, escrow, mortgage and home inspection. Partnering with Priority Home Lending , John L.

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Real Estate Sellers Contracts Buyers 36

Zillow

JULY 15, 2019

Closing : A one- to two-hour meeting during which ownership of a home is transferred from seller to buyer. 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.

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Real Estate Agent Insurance Inspection Buyers 56

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.

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Tenants Real Estate Contracts HOA 36

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.

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HOA Property Management Real Estate Agent Technology 487

Movoto

JANUARY 31, 2022

You’ve worked with a real estate agent , toured an endless number of properties, got an offer accepted , navigated the mortgage process , and now you’re in the final stretch. Real estate attorney: They can represent you or the seller, or both sides may have attorneys. The seller: The current homeowner.

Real Estate Agent 36

Real Estate Agent Sellers Insurance Buyers 36

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

Most people know that appraisals need to be completed for lending purposes. But did you know there are a number of other reasons you should be contracting an appraiser to perform a professional valuation on your property? When you are the seller of a FSBO (For Sale By Owner).

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

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?”

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HOA Real Estate Agent Technology Real Estate 459

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. But is it because sellers are rushing to list their homes? This is actually about fewer buyers getting into contract.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Housing Wire

JULY 25, 2023

What does the top-producing lending officer (LO) in the country have to say to other mortgage lenders? HousingWire: What do lending executives need to understand when it comes to supporting top producers? My customer is the real estate agent. Mindset is everything. Weaver is the No. 1 LO in the U.S.

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Real Estate Agent Mortgage Real Estate Training 336

Housing Wire

MAY 31, 2022

increase year over year for properties under contract, indicating that demand in the city remains strong,” said Elizabeth Anne Stribling-Kivlan, Compass’ senior managing director. Since its establishment in 2008, the firm said it has bought and sold about $12 billion in residential real estate. during the same time.

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Mortgage Construction Lending Real Estate 397

Appraisal Today

NOVEMBER 10, 2022

The only appraisers who get sued are those performing appraisals for mortgage lending. Truth: The origin of this myth most likely correlates with the significant amount of valuation work performed for lending purposes – the more lending work, the greater the liability risk, the thinking goes. Sellers, did you hear that?

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

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. Heckler was the listing agent of the auctioned off Gulfport home. The average time in the U.S.

Real Estate 501

Real Estate Law Inspection Agents 501

Portland Appraisal Blog

APRIL 14, 2019

You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. What just happened? It’s not fair.

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

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.

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Real Estate Agent Contracts Finance Real Estate 127

Appraisal Today

APRIL 14, 2023

The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. If our business revolves around mortgage lending, we are used to dealing with clients who have a certain level of sophistication. Many of us have learned to truncate our verbiage because our lending clients do not want to read volumes.

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Appraisal Bracketing Valuation Contracts 52