Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. That’s a problem because mortgage LOs traditionally have not “forged as deep of inroads” with sellers’ agents.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

MAY 10, 2023

For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity. This has serious consequences for real estate agents and loan officers alike, since it’s usually a zero sum game. One home recently had over 60 offers!

Marketing 397

Marketing Loan Officers Inventory Real Estate Agent 397

Housing Wire

APRIL 13, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and home sellers while also playing an expanding role as personal advisors. Presented by: Propertybase. ” Redfin also looked at specific markets when studying midweek sales.

Sellers 435

Sellers Real Estate Buyers Real Estate Agent 435

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.

Tools 395

Tools Sellers Technology Loan Officers 395

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. The fees are typically lower than in new loans, and no appraisal is needed. The product, known as an assumable mortgage, is not new.

Mortgage 397

Mortgage Loan Officers Government Buyers 397

Housing Wire

NOVEMBER 1, 2023

Jeff Walton, CEO and co-founder of mortgage data analytics company InGenius, which provides loan-officer data to IMBs for recruiting purposes, said it’s going to be a “tough time through winter.” So, the deals aren’t as attractive to sellers. …We’ll

Mortgage 468

Mortgage Loan Officers Finance Buyers 468

Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

Housing Market 535

Housing Market Buyers Marketing Real Estate Agent 535

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

Housing Wire

DECEMBER 27, 2022

The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom. But the housing market in the second half of 2022? The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green.

Housing Market 529

Housing Market Marketing Real Estate Agent Real Estate 529

Housing Wire

FEBRUARY 15, 2024

And if the DPA loan does not come from a national DPA provider, loan officers need to have underwriting guidelines rewritten to the DPA provider’s standards, which could take longer than getting a conventional loan. “A A lot of these programs that I’ve heard of could take 45 to 60 days to get to the finish line.

Mortgage 476

Mortgage Buyers Loan Officers Sellers 476

Housing Wire

AUGUST 4, 2023

Yes, you should certainly be able to post an impressive listing and understand the ins and outs of closing, but helping buyers and sellers means cultivating a diverse set of skills to navigate a complex and ever-changing real estate market. It’s not just a simple business transaction for these sellers and buyers.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Clients 370

Housing Wire

JULY 25, 2023

Loan officers — myself included — need to strengthen their mindset. When you look at a sales contract that is obtaining mortgage financing, 70% of the components of that offer are mortgage-related. So, if I can deliver faster than the other offer, the seller is going to select our offer over the competitor’s.

Real Estate Agent 356

Real Estate Agent Mortgage Real Estate Training 356

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. The expansion comes amid a surge in mortgage rates and declining loan origination volume. Nationally, there was a year-over-year decrease of 2.3%

Mortgage 397

Mortgage Construction Lending Real Estate 397

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. There is just not much out there to buy.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Realtor

SEPTEMBER 13, 2023

“The homeowner, loan officer, and often the real estate agent work together to find better comparable market data to justify a higher valuation,” says Casey Fleming , a mortgage adviser and author of “ The Loan Guide: How to Get the Best Possible Mortgage.” . In fact, it’s a total team effort. ” 4.

Appraisal 188

Appraisal Sellers Real Estate Agent Valuation 188

Birmingham Appraisal

DECEMBER 17, 2024

Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations. Whether youre representing a seller or assisting a buyer, the more accurate and complete the information you provide, the smoother the process will be. Share this information proactively.

Appraisal 75

Appraisal Easement Real Estate Agent Valuation 75

Miller Samuel

FEBRUARY 12, 2019

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed).

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

SEPTEMBER 21, 2023

We did a study with T360 recently, just looking at the agent experience and we came back with about 20 different point solutions that an agent has to use just to perform their duties in representing a buyer or seller of a home. And, frankly, give them more time in the day to spend with their buyer or seller. But it’s weird.

Technology 435

Technology Real Estate Agents Design 435

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Don’t drink the Kool-Aid that any contract price is reflective of market value. I remember loan officers telling me that I needed to be “creative” with my appraisals. I kid you not!

Inventory 243

Inventory Market Value Appraisal Contracts 243

Housing Wire

JULY 19, 2023

It [publicity] helps the advisors, and it helps the [loan-officer] recruiters, but it doesn’t exactly help the buyer and seller trying to get settled in a transition of the assets of the company.” Normally you’re trying to keep it out [of the public eye],” he explained. “It

Mortgage 370

Mortgage Marketing Lending Buyers 370

Realtor

OCTOBER 16, 2023

Listing agents are going to recommend their seller ask for shorter time periods for loan approval.” “Given the rapidly rising asking prices and multiple-offer scenarios going on, it is quite possible that a property may not appraise at the agreed upon contract sales price. ” 10. .

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. A full pre-approval is when a mortgage loan officer pulls your credit, verifies your employment and income, has your complete application and has all the required documents from you. Your loan officer may even put your file through an initial underwriting.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. But if a buyer isn’t willing or able to pay the difference between the appraisal amount and the sales price, there are options: Negotiate with the seller.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. But if a buyer isn’t willing or able to pay the difference between the appraisal amount and the sales price, there are options: Negotiate with the seller.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Cornerstone

JULY 1, 2021

Sellers who list may find a golden opportunity: Right now, you’re likely to sell your house quicker and at a better price. This summer, sellers benefit from the fact that mortgage rates still hover around the rock-bottom lows seen during last year’s COVID crisis. Remember, sellers do plan on re-entering the market soon.

Sellers 64

Sellers Buyers Real Estate Agent Inventory 64

McKissock

JANUARY 18, 2022

A good agent is willing to share their knowledge of different areas, as well as share their contacts regarding loan officers, essential documentation that shows sellers the buyers are serious, among other services. They are honest about what the client can afford, and they are willing to go to bat for them. Answer Questions.

Real Estate Agent 96

Real Estate Agent Real Estate Buyers Agents 96

McKissock

APRIL 20, 2021

Receive basic training in contracts and how to price properties using comparative marketing analysis. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Refer buyers and sellers out to other agents locally and across the country.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

PennyMac

MARCH 4, 2024

Starting the Loan Certification Process When choosing a lender, look for one that offers a written letter or certification you can provide to sellers to let them know you are qualified. You’ll have peace of mind knowing your borrowing limit and be able to show realtors and sellers that you’re serious about purchasing.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Appraisal Today

SEPTEMBER 15, 2023

May a representative of the lender provide an appraisal management company a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer? This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price.

Appraisal 82

Appraisal Real Estate Agent Contracts Real Estate 82

PennyMac

JULY 20, 2021

Find an agent who really understands the different contracts you need and how to properly fill them out, the legal obligations you’ll run into, and the financial side of the business. How many are sellers? But just because an agent knows your desired zip code does not mean they have been successfully helping buyers and sellers there.

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Assurance Financial

DECEMBER 20, 2021

In a traditional home sale, the seller lists the house for a price that will cover the following costs: The mortgage’s remaining costs. Existing home equity loans or home equity lines of credit (HELOCs), if applicable. After taking care of the above expenses, whatever amount is left over is the seller’s profit.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Birmingham Appraisal

SEPTEMBER 15, 2022

Other nontraditional uses for an appraisal include valuation for insurance companies, helping sellers arrive at a market value to list their home, estate planning, and tax appeals. Other users might be sellers, mortgage underwriting, banks, and contractors. What If The Appraisal Is Less Than The Contract?

Appraisal 98

Appraisal Inspection Appraisal Process Real Estate Agent 98

Genworth MI Blog

AUGUST 31, 2022

Similarly, buyers began waiving inspection contract contingencies, which give the buyer options for negotiating remedies or price with the seller if the inspection reveals major issues. Some buyers have even gone a step further by waiving inspections altogether.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

Cornerstone

MAY 4, 2021

But before you sign any contracts, keep in mind that there’s something unique going on in today’s housing market. Right now, many sellers who are putting their homes on the market as-is are selling much quicker than expected. Love your loan as much as you love your new house. You: I’m selling my house. What should I do next?

Renovations 43

Renovations Home Improvement Loan Officers Real Estate Agent 43

Clear Capital

SEPTEMBER 29, 2021

Following up on lots of the stories that have been out there in the media about potential purchase appraisal bias pertaining to race and ethnicity, Freddie Mac kicked off a study of whether minorities are more likely to receive an appraisal value that’s lower than the contract price during purchase transactions. Kenon Chen. Jeff Allen.

Sellers 69

Sellers Agents Real Estate Appraisal 69

PennyMac

AUGUST 31, 2024

Mutual Acceptance of the Offer After negotiation, the buyer and seller agree on the final property price. The price is formally documented in the purchase agreement, a legally binding contract that outlines the terms of the transaction. Many mortgage companies mandate a home inspection before approving a loan.

Inspection 36

Inspection Real Estate Agent Sellers Legal 36

PennyMac

JUNE 14, 2021

The agent helps prospective homebuyers find properties that fit their specific needs and wishes, negotiates better deals with sellers, handles much of the paperwork and provides step-by-step guidance throughout the homebuying process. Ask your loan officer about connecting you with the real estate concierge team at Home Captain.

Real Estate 36

Real Estate Agents Buyers Real Estate Agent 36