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Maryland home seller files commission lawsuit in Missouri

Housing Wire

The complaint argues that the NAR and the brokerage defendants collude “to impose, implement and enforce anticompetitive restraints that cause home sellers to pay inflated commissions on the sale of their homes, in violation of federal antitrust law.” Because this blanket offer must be made available to every buyer-broker using the MLS (i.e.,

Sellers 421
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Fannie Mae releases updates on leasehold estates, manufactured homes, fraud prevention

Housing Wire

The Selling Guide has also updated requirements “related to the market area analysis of the appraisal report and add[ed] standardized definitions relevant to appraisal market areas to the glossary.” It also clarifies that sellers and servicers are “responsible for preventing, detecting, and reporting mortgage fraud.”

Sellers 382
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Altos: More sellers and price reductions, but fewer homebuyers

Housing Wire

We still see more sellers than last year. Home prices aren’t falling but the growth signals are definitely softening. We are in the normal range with price reductions, meaning sellers are generally fine, generally getting their prices. More sellers with price cuts than a year ago. That trend continues this week.

Sellers 448
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Altos: Sellers are coming back to the housing market, can buyers keep up?

Housing Wire

There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. Sellers are coming back to this housing market. In 2021 there were actually more total sellers, but at the peak of the frenzy, so many of those were immediate sales that they never get counted as active inventory.

Sellers 400
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Market Correction or Seller Panic?

Appraisal Buzz

This might manifest itself with lower offers that are acceptable to the seller, but price isn’t the only aspect of a transaction. Anecdotally, sellers are worried that the threat of increasing interest rates with continue to erode buying power which will have a negative effect on their sale price now and especially in the future.

Sellers 435
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11 Tips for hosting real estate workshops for buyers and sellers 

Housing Wire

From fine-tuning the initial listing to completing the mountains of paperwork needed for closing , homebuyers and sellers can find themselves juggling a wide range of issues. Find your audience Not every real estate transaction is the same because not all buyers and sellers are the same. mortgage lenders, home inspectors, etc.)

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Seller Concessions: Definition, Examples, & Loan Types

Movoto

Seller concessions are a great negotiating point on both the buying and selling side of any home sale. They are exciting for buyers as they mean lower costs, while also helping out sellers who want to close quickly. But, what exactly are seller concessions and how can you make the most of them? What Are Seller Concessions?

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