Housing Wire

OCTOBER 23, 2024

It includes items we feel are essential to an effective listing presentation. How to prepare for a listing appointment Have a quick call with the sellers to ask them about their motivation, timeline, and price they have in mind. This is to help you remember your presentation and have paper on hand for taking notes. Several pens.

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Agents Real Estate Sellers Real Estate Agent 435

Housing Wire

OCTOBER 23, 2023

In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions. In addition, the contract stipulated that agents must join their local Realtor association.

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Law Agents Realtors Contracts 459

Housing Wire

JANUARY 23, 2024

home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. Well into January, we are already seeing properties go under contract in the first weekend with multiple offers.

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Real Estate Agent Real Estate Buyers Agents 476

Housing Wire

AUGUST 19, 2024

According to real estate professionals, the biggest adjustments they had to make this week was to get buyers to sign buyer representation agreements and to explain to sellers that while they don’t have to offer buyer broker compensation , they will most likely see most prospective buyers ask for some help in paying their agent.

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Agents Sellers Realty Buyers 476

Housing Wire

JUNE 17, 2024

This allows you to jump in at just the right moment with your listing presentation and take those leads across the finish line. It will help you identify sellers very early, giving you access to them before they’re talking to other agents. Summary Offrs key specs How does Offrs work?

Advertising 448

Advertising Real Estate Tools Contracts 448

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 447

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. Pausing new contracts will enable us to focus on sellers already under contract with us and our current home inventory.”. Presented by: Weichert.

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Renovations Real Estate Construction Contracts 397

Housing Wire

JANUARY 4, 2024

They are boosting their agent training programs to provide more transparency around compensation and how to have those discussions with buyers and sellers. ” “Presentation within the listing discussion of the option of the seller not to pay the buyer agent per our state’s new contract.”

Brokerage 448

Brokerage Real Estate Training Buyers 448

Cleveland Appraisal Blog

JULY 20, 2022

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? An appraisal gap clause can be written into a contract. In this hot market, it’s not surprising that this type of clause is being written into some contracts. But not always.

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Appraisal Market Value Contracts Buyers 397

Housing Wire

APRIL 15, 2024

When asked about the language they use to discuss how buyer and seller agent commissions are paid, some of the most common responses included stressing that commissions are and always have been negotiable, and that if the National Association of Realtors’ settlement is approved, some practices may change, but many things are currently unknown.

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Inventory Agents Real Estate Sellers 448

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. Herein lies the appraisal gap.

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Market Value Buyers Appraisal Sellers 448

Housing Wire

NOVEMBER 2, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 7.06% on Wednesday from last week’s 7.16%, according to the Mortgage Bankers Association. . Tables have turned for some sellers.

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Mortgage Sellers Contracts Buyers 435

Housing Wire

OCTOBER 12, 2022

Given the ongoing tension between potential homebuyers and home-sellers at the moment, we believe the pace of sales is likely to slow even further, too,” he added. Presented by: Polly. annualized in the third quarter of 2022 due to strong net export and inventory investment activity, before contracting 0.7% million in 2023.

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Contracts Modernization Housing Market Mortgage 448

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.

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Sellers Real Estate Real Estate Agent Buyers 435

Housing Wire

OCTOBER 21, 2024

Prior to the implementation of the current CCP in May 2020, listing brokers had two business days from the signing of the listing contract to either enter the listing into the MLS as “active” or submit a listing exclusion form, which had to be authorized by the seller, to the MLS. That should not be dictated by an association.

Brokerage 448

Brokerage Real Estate Sellers Agents 448

Housing Wire

FEBRUARY 14, 2024

How do you convince the sellers of $15 million homes to work with you? Use this tool: Coffee & Contracts Thoughtfully designed by former real estate agent Haley Ingram, Coffee & Contracts offers a suite of upscale social media templates for every social platform. Visit Coffee & Contracts 2.

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Real Estate Agent Real Estate Agents Luxury Properties 448

Housing Wire

APRIL 6, 2021

With others waiting in line behind her, the seller wouldn’t budge on price. Presented by: Altisource. “I For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. The seller decided to counter back multiple people at $445,000 + no contingencies.

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Appraisal Reconsideration of Value Real Estate Agent Sellers 540

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

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. Sponsored content presented by Citibank, N.A. NMLS #412915.

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Inspection Appraisal Appraisal Process Buyers 459

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.

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Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

MARCH 20, 2024

It also bans NAR from setting rules that would allow a seller’s agent to set compensation for a buyer’s agent, removes commission information from MLS fields, and strikes any requirements that agents subscribe to multiple-listing services. Zillow declined to comment on recent stock price movements.

Investors 482

Investors Agents Real Estate Buyers 482

Housing Wire

DECEMBER 5, 2024

This trend isnt just about convenience its about trust and transparency, but for agents, it presents both challenges and opportunities. Summary Why referrals are losing ground to online searches How to meet the needs of todays buyers and sellers Steps to stand out: What sets your online presence apart?

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Agents Real Estate Agent Real Estate Clients 370

Raleigh Realty

FEBRUARY 24, 2022

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. Then, you look at the status and that other shoe finally has a chance to drop: it's "under contract."

Contracts 147

Contracts Real Estate Sellers Real Estate Agent 147

Housing Wire

AUGUST 22, 2024

Adding an additional debt burden to lower-income consumers would leave them in a worse position under the present system, increasing their debt-to-income ratio, making it harder to qualify for a mortgage , and making borrowing more expensive. The seller would pocket that money.

Real Estate 352

Real Estate Sellers Legal Buyers 352

Housing Wire

FEBRUARY 23, 2021

Presented by: Fannie Mae. ” Zillow Economist Matthew Speakman added that homes in some major markets are going under contract more than a month faster than they were at this time last year. In the last few years, the number of existing single-family homes for sale has decreased. But home prices have increased.

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Inventory Finance Contracts Construction 468

Housing Wire

FEBRUARY 27, 2024

District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. Due to how HomeServices and its affiliates handle their client contracts, if a dispute arises, each client is entitled to individual arbitration of their claims. Filed in late 2023 in the U.S.

Realty 448

Realty Real Estate Law Brokerage 448

Housing Wire

JANUARY 3, 2024

Better buyer and seller presentations to break down payment to a more granular level,” was one agent’s response. I was already using buyer broker contracts, but now use them 100% of the time. The commission lawsuits have actually made them easier to bring up and discuss,” one respondent wrote.

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Agents Realtors Clients Real Estate 458

Housing Wire

MAY 21, 2024

Buying a home in a non-disclosure state, where sale prices are not available to the general public, presents a unique set of challenges and requires home buyers to be more proactive in gathering information. With the right knowledge and strategies, you can still negotiate a fair deal, even with the challenge of “hidden” numbers.

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Real Estate Agent Real Estate Inspection Valuation 488

Housing Wire

OCTOBER 19, 2022

A doubling of 30-year fixed rate mortgage rates, shrinking profit margins and a risk of recession presents a challenging environment for independent mortgage banks (IMBs), but smaller IMBs are better positioned to weather challenges, claimed the Community Home Lenders of America (CHLA), a lobby group that represents smaller mortgage lenders.

Mortgage 435

Mortgage Contracts Design Government 435

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!

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448

Housing Wire

AUGUST 1, 2024

They also brought in a forms specialist, who really dug into the new forms to really explain them to us, so we know when and how to use each one and so we can explain the contracts to our clients in plain English.”

Real Estate Agent 448

Real Estate Agent Real Estate Agents Business 448

Housing Wire

JULY 17, 2023

Sellers have not materialized, and buyers have been buying everything that becomes available. The median price of the homes in contract is higher than last year and the new sales each week are up a few percent over last year. We could see inventory from distressed sellers emerge in 2025. I grew pretty bearish again. is $450,000.

Real Estate 369

Real Estate Marketing Inventory Contracts 369

Housing Wire

FEBRUARY 9, 2024

If you target luxury buyers and sellers, it’s worth considering this investment, which also comes with the ability to choose a DIY or done-for-you build-out. It gives you a “first mover advantage”, providing robust follow-up tools that help you nurture potential seller clients with ease.

Real Estate 476

Real Estate Tools Marketing Real Estate Agent 476

Housing Wire

DECEMBER 5, 2022

It created a massive demand for home purchases as consumers competed to win a sales contract and get a home with a low single digit interest rate. It means a massive contraction in demand for mortgages, tighter margins, corporate layoffs and “right-sizing,” and concerns about what the future may hold.

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Housing Market Marketing Supply Chain Mortgage 523

Housing Wire

AUGUST 28, 2020

The products I’ve put into this category primarily help in converting leads, prospects and opportunities into contracts. Specifically, I’m talking about listing agreements and sales contracts. The first is listing tools – the products designed for you to convert potential sellers into listing contracts.

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Tools Sellers Real Estate Contracts 317

Housing Wire

OCTOBER 3, 2023

This is a dramatic and peculiar stance, given that same company a couple of years ago launched a $1 million annual advertising campaign touting a 1% listing fee, but only if the seller turned into a buyer for them. That means being able to convincingly articulate the value of your services through a formal buyer presentation.

Agents 435

Agents Buyers Training Law 435

Housing Wire

JULY 8, 2024

These sellers were on the market with another agent before and could not sell. This simple real estate script generates the best results because it acknowledges the sellers’ feelings and piques their interest: Hi. One of my favorite seller clients was a FSBO who I became friends with. This is [name] with [brokerage].

Real Estate 435

Real Estate Business Agents Sellers 435