Housing Wire

MAY 21, 2024

While these online tools aren’t a definitive statement of a home’s value, they can be a great starting point, especially when combined with other data like a home’s list price, square footage, number of bedrooms and baths, property tax history, and any price reductions.

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Real Estate Agent Real Estate Inspection Valuation 488

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

Buyers 396

Buyers Contracts HOA Property Taxes 396

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.

Sellers 138

Sellers Inspection Contracts Property Taxes 138

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.

Contracts 143

Contracts Tenants Legal Sellers 143

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.

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Real Estate Tools Marketing Real Estate Agent 476

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.

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Birmingham Appraisal

DECEMBER 17, 2024

Whether youre representing a seller or assisting a buyer, the more accurate and complete the information you provide, the smoother the process will be. Tip for Agents: If a survey isnt readily available, check with the seller or their title company. Always confirm that the survey reflects the propertys current configuration.

Appraisal 76

Appraisal Easement Real Estate Agent Valuation 76

Birmingham Appraisal

FEBRUARY 11, 2025

If an agent relies on incorrect tax records, they may overprice or underprice the home, leading to: Overpricing: If the homes actual square footage is smaller than reported, buyers may not see the value, leading to fewer offers and a longer time on the market. Disputing property tax assessments. Pricing a home using a CMA.

Appraisal 68

Appraisal Real Estate Agent Real Estate Agents 68

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. Due Diligence: What Is it?

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Real Estate Real Estate Agent Contracts Inspection 148

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

Renovations 395

Renovations Investing Real Estate Marketing 395

Movoto

APRIL 8, 2024

After submitting an offer on a home you plan to purchase, a few things might happen – once an offer is accepted (typically, after negotiations but not always), real estate sales agreements come into effect between buyers and sellers. Should the buyer breach the contract (e.g., Property Identification. auctions, cash sales, etc.):

Contracts 36

Contracts Real Estate Property Taxes Inspection 36

San Jose Real Estate

SEPTEMBER 23, 2024

What is a seller concession? This refers to anything that the seller gives or grants to the buyer. Sellers are not the only ones who can grant concessions, but right now it’s in the news more due to changes this year in how we sell real estate and the forms and clauses we use to do so.

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Sellers Counter Offer Buyers HOA 36

The Robert Weiler Company

SEPTEMBER 19, 2022

Answering this question requires step-by-step unpackaging, starting with definitional awareness, and continuing with tax advantages, regulations, and conservation easement appraisal value. A simple conservation easement definition is a legal contract to protect private land, permanently. Do I Still Pay Property Taxes?

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Easement Legal Government Contracts 148

Appraisal Partners Blog

FEBRUARY 9, 2025

A home appraisal is an unbiased, professional opinion of a property’s fair market value. It’s conducted by a licensed or certified appraiser who is independent of the buyer, seller, and lender. The appraiser’s goal is to provide an objective assessment of the property’s worth based on various factors.

Appraisal 78

Appraisal Property Taxes Inspection Sellers 78

Lamacchia Realty

SEPTEMBER 20, 2023

EVERYTHING YOU NEED TO KNOW ABOUT CLOSING COST CREDITS Buyers , sellers , and sometimes even real estate agents get confused with how closing cost credits work. Closing cost credits doesn’t hurt the seller in any way. In fact, they help sellers because many buyers cannot buy without them. That is no longer allowed.

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Sellers Buyers Property Taxes Inspection 74

Raleigh Realty

AUGUST 20, 2022

The seller pays the listing firm. Earnest Money When you find the home you wish to buy, you must submit an earnest money deposit to the seller. This deposit is your way of telling the seller you are serious about buying the home and aren’t going to get the seller’s hopes up and then go off and buy a different house.

Property Taxes 78

Property Taxes Real Estate Agent Insurance Real Estate 78

The Robert Weiler Company

SEPTEMBER 9, 2022

Hiring a real estate lawyer to review all contracts first is best. Another loan option for buying land is a land contract. With a land contract, the seller provides the land buyer with the loan, instead of an institution. With a land contract, the seller provides the land buyer with the loan, instead of an institution.

Real Estate 78

Real Estate Contracts Buyers Development 78

Raleigh Realty

MARCH 29, 2021

Your gross income is the income before taxes. Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance. Getting pre-approved tells the seller that you're serious. And the seller's agent will be happier to do business with a colleague in the field.

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Government Real Estate Agent Insurance Property Taxes 148

Realvals

JULY 27, 2022

The appraiser will reach out to schedule the inspection with the real estate agents, who will facilitate the inspection on the seller’s behalf. . During the inspection, the appraiser will measure the property, take photos on the exterior, take photos in all rooms inside, and take notes based on their observations.

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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 escrow : The final and official transfer of property from seller to buyer and delivery of appropriate paperwork to each party.

Real Estate Agent 56

Real Estate Agent Inspection Insurance Sellers 56

San Jose Real Estate

SEPTEMBER 19, 2024

has had to pivot on a number of practices regarding how buyer agents are compensated, how home buyers and the public work with real estate professionals, how home sellers compensate real estate licensees, and much, much more. Sellers are no longer obligated by the MLS to offer or pay a buyer agent fee. Much of the industry in the U.S.

Real Estate 36

Real Estate Contracts Open Houses Sellers 36

Listing Spark

SEPTEMBER 16, 2024

However, with proper preparation, the right tools , and an understanding of the market, FSBO sellers can potentially overcome these hurdles. In Texas, the Seller’s Disclosure Notice is a legally required document for most residential property sales. Consider hiring a professional appraiser for a more accurate valuation.

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Realtors Legal Property Taxes Sellers 36

Appraisal Today

SEPTEMBER 22, 2023

A buyer gets a seller’s disclosure statement for that information. Tomorrow, I’m supposed to become a data scientist and try to decipher the value of a property I’ve never seen, bought and sold by buyers and sellers I’ve never met. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.62

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Appraisal Training Inspection Real Estate 90

Listing Spark

APRIL 2, 2021

When reviewing the standard residential contract (called a 1-4 residential contract) plus numerous addendums, it can be difficult to unpack who pays for closing costs in Texas. Closing Costs for Sellers in Texas. Title Company Fees for Sellers. Buyer and Seller will each pay an escrow fee at closing.

HOA 36

HOA Sellers Insurance Contracts 36

Listing Spark

APRIL 2, 2021

When reviewing the standard residential contract (called a 1-4 residential contract) plus numerous addendums, it can be difficult to unpack who pays for closing costs in Texas. Title Company Expenses (Seller Paid). Below are the list of fees the seller typically pays that are specific to the title company.

HOA 36

HOA Sellers Insurance Contracts 36

Raleigh Realty

MAY 3, 2021

And for one more benefit, you can deduct your property taxes. Pre-approval provides you and the seller a sense of how much house you can buy. Hiring a real estate agent gives you a knowledgeable professional who knows how to read contracts. They'll also know the right negotiation tactics to try with the seller's agent.

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Real Estate Agent Real Estate Inspection Insurance 78

PennyMac

JUNE 28, 2022

Throughout the process of buying a home, many professionals have contributed important services, and both buyers and sellers will need to pay fees for that before the property can be officially sold. Closing costs can apply to both the buyer and seller. Down payments of 10–24.99%—sellers can contribute 6% of closing costs.

Property Taxes 36

Property Taxes Insurance Sellers Inspection 36

Eppraisal

MARCH 28, 2023

Property taxes can be higher because new infrastructure demands capital investment. Buyers negotiate with sellers -- person-to-person as opposed to person-to-contractor. Individual sellers are easier negotiating partners. Existing home values are set because everything is already finished when the contract gets signed.

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Construction Inspection Property Taxes Home Value 36

Listing Spark

AUGUST 23, 2023

If you’re a typical home seller offering a 3% commission to your listing agent, that’s a median cost of $11,172 or $14,037, respectively. There are valuable services that real estate agents provide, such as advertising the property, listing it on the MLS, handling the title process, and negotiating deals.

Real Estate Agent 36

Real Estate Agent Sellers Real Estate Advertising 36

Movoto

JANUARY 31, 2022

Real estate attorney: They can represent you or the seller, or both sides may have attorneys. These people are involved in the sale but not typically present at the closing: Seller’s agent: The individual who arranges the transaction between buyer and seller. The seller: The current homeowner.

Real Estate Agent 36

Real Estate Agent Sellers Insurance Buyers 36

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. Here are some of the steps completed prior to closing. Let’s look at who and what’s involved.

Inspection 36

Inspection Real Estate Agent Sellers Legal 36

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. When you work with a lender that provides this, you’re doing much of the legwork involved in obtaining a mortgage contract without actually finalizing it.

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Loan Officers Insurance Mortgage Sellers 65

Listing Spark

JULY 5, 2023

But because property investment is driven by the numbers, it’s also important to think about one of the other biggest costs involved: investment property closing costs. There are several three-figure line items that add up, as well as much larger agent commission fees paid by the seller. But this adds up quickly.

Investing 36

Investing Real Estate HOA Sellers 36

Quicken Loans

APRIL 12, 2021

Foreclosure can also happen when the homeowner fails to pay their property taxes or homeowners association fees. Foreclosure : the legal process in which a lender or mortgage investor takes back unpaid property. In an REO, the bank is the sole owner of the property. Many banks won’t sell directly to home buyers.

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Inspection Property Taxes Mortgage Investors 54

PennyMac

AUGUST 14, 2024

Pressure to Sell Quickly: Holding two properties can create urgency to sell your existing home, potentially leading to compromises on price or terms. Selling Before Buying Many home sellers opt to sell their current house before buying a new one. turn your home into a rental property)? But is it the right choice for you?

Real Estate Agent 47

Real Estate Agent HOA Finance Inspection 47

The Robert Weiler Company

OCTOBER 21, 2022

Generally, a commercial real estate appraisal is an unbiased valuation assessment to help you determine the value of a commercial property. The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property. You may need a commercial valuation for many reasons.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

PennyMac

JANUARY 3, 2024

A contingency clause in the purchase contract allows you to back out of a contract if the sale of your current home doesn’t go through within a specified timeframe. Other home expenses, such as property taxes, utilities, homeowners insurance and often costly homeowners association (HOA) dues, will also continue until you sell.

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Real Estate Agent Buyers Real Estate Mortgage 36