Appraisal Buzz

NOVEMBER 4, 2024

The highest documented average age of home sellers was 63 years old. The desire to relocate closer to friends and family was the most common reason given by sellers for selling their house (23%), followed by the home being too small (12%), the home being too large (11%), and the community losing its appeal (10%).

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Real Estate Agent Buyers Sellers Real Estate 370

Housing Wire

MARCH 14, 2025

The market action index is 37, indicating that there is a slight seller’s advantage. 89% of sellers used an agent to sell their home. 70% of sellers are repeat sellers, 30% are first-time sellers. 70% of sellers are repeat sellers, 30% are first-time sellers.

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Real Estate Marketing Real Estate Agent Sellers 358

Housing Wire

SEPTEMBER 5, 2023

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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Real Estate Sellers Buyers Clients 448

Appraisal Buzz

FEBRUARY 4, 2025

While the term may sound scaryand is most definitely illegala new survey from CertifID showed how many first-time homeowners are at-risk or more likely to be victims of real estate wire fraud. Many homebuyers and sellers simply dont know that wire fraud is a thing. An estimated 52% of 1,500 homebuyers and sellers in the U.S.

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Real Estate Real Estate Agent Sellers Agents 363

Appraisal Buzz

FEBRUARY 3, 2025

In a recent selling guide announcement by Fannie Mae (November 6, 2024), it was mentioned that they had collaborated with Freddie Mac to update the standardized definitions for neighborhood and market area. The updated definitions are provided below, along with their corresponding definitions from the Appraisal Institute.

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Valuation Appraisal Real Estate Architecture 388

Housing Wire

OCTOBER 28, 2020

Hesitant home sellers could be one reason there is such low housing inventory, according to a report from Zillow. Thirty-four percent of would-be home sellers said they are staying out of the market due to the uncertainty caused by COVID-19. “The catch is that waiting to sell may raise the cost of a trade-up.

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Sellers Marketing Lending Inventory 360

Housing Wire

NOVEMBER 4, 2024

Having spent the past several months covering the NAR settlement and the business practice changes outlined within, I was curious about how listing agents and sellers in my market were handling offers of buyer broker compensation. The listing agents disclosed this to my agent via text or phone call when we inquired.

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Agents Inspection Real Estate Sellers 435

Housing Wire

JULY 29, 2021

The origination period of the analysis was 2000-2015 to allow for loan seasoning and two models were estimated: one with a definition of default as a loan becoming 90 days past due or worse, and the second a loan becoming 180 days past due or worse. To contact the author of this story: Clifford Rossi at crossi@umd.edu.

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Sellers Mortgage Business Lending 448

Housing Wire

MAY 26, 2023

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We Oftentimes this leads to the discovery of vacant lots. million, according to NAR.

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Sellers Real Estate Realtors Real Estate Agent 397

Housing Wire

JUNE 10, 2021

While a real estate agent’s commission is one of the most expensive costs, it definitely isn’t the only one. From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process. To attract potential buyers, sellers have to make sure their home is aesthetically pleasing.

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Sellers Real Estate Agent Real Estate Decorating 546

Housing Wire

FEBRUARY 20, 2025

there is a big debate right now about private marketplaces, but the data shows that sellers generally can sell for a shorter period of time and for a higher dollar amount because of the MLS. In the U.S., Sanford said that eXp’s own operation in Egypt is being set up in conjunction with an eXp agent who works in the U.S. million to $113.6

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Realty Agents Real Estate Advertising 352

Housing Wire

FEBRUARY 7, 2024

The Fannie Mae February Selling Guide has a series of updates , including the expansion of value acceptance and property data appraisal waivers to condominiums, cash-out refinance allowances for manufactured homes, and updates to credit references and certain definitions.

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Retail Project Management Insurance Landlords 476

Housing Wire

APRIL 22, 2024

We’re watching sales volumes , which are definitely up over past year but remain slow. Housing inventory When we look at the active inventory of unsold homes on the market, we can definitely see the impact of higher mortgage rates in the past month. We are also consistently measuring more sellers coming back into the market.

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Inventory New Listings Sellers Contracts 531

Housing Wire

OCTOBER 24, 2024

A referral estate referral occurs when a licensed agent or broker passes along a prospective buyer or seller to another licensed agent to handle a transaction. The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes.

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Real Estate Real Estate Agent Agents Clients 433

Housing Wire

SEPTEMBER 30, 2024

“We are seeing multiple offers definitely in those medium price ranges. It has definitely downshifted, but in most cases, I am still seeing listing agents putting out deadlines for best and final offers.” There is definitely frustration among buyers,” she said. “It It gets discouraging.

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Housing Market Marketing Inventory Agents 432

Housing Wire

NOVEMBER 13, 2024

For the past 13 years, HousingWire’s Tech100 Award program has provided HousingWire readers with a definitive list of the tech solutions companies that are streamlining processes, enhancing customer experience and improving the overall homebuying experience for all involved. Click here to nominate a tech organization. Anything new to share?

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Real Estate Training Technology Design 284

Housing Wire

AUGUST 28, 2024

Additionally, we will also see from August 17th the prohibition of compensation offers, meaning that MLS participants, subscribers, and sellers will be prohibited from making any offers of compensation in the MLS to buyer brokers or other buyer representatives.

Real Estate 481

Real Estate Sellers Agents Buyers 481

Housing Wire

JULY 23, 2024

“We’re seeing a slow shift from a seller’s market to a buyer’s market,” NAR chief economist Lawrence Yun said in a statement. Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. The yearly regional trends don’t differ much from the national one.

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Inventory Buyers Inspection Sellers 508

Housing Wire

FEBRUARY 12, 2025

Seller right after a listing appointment Dear (Seller Name), It was so nice meeting you today! We will definitely keep your venue in mind for future events! Youre the best! Talk soon, (Your Name) 3. Thank you for showing me your fantastic house and sharing your goal to move to (include their motivation for selling here).

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Real Estate Clients Real Estate Agent Open Houses 359

Housing Wire

OCTOBER 7, 2024

” “There’s definitely activity happening behind the scenes,” Brett Ludden, managing partner at Sterling Point Advisors , said last week during HousingWire ’s IMB Summit in Dallas. This includes ensuring growth for the acquiring company, a successful exit for the seller and team retention. Rates are starting to go down.

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Mortgage Sellers Technology Valuation 417

Housing Wire

NOVEMBER 20, 2023

Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. Sellers would continue to see the value in buyer agents — bringing more potential agents to the table and making properties more competitive — while also compensating buyer agents accordingly. Enter the savvy seller.

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Buyers Agents Real Estate Agent Loan Officers 482

Housing Wire

MAY 6, 2024

More home sellers are coming back to the market each week. That makes a total seller count of 93,000 for the week, which is 20% more than last year at this time. At that time, there were more sellers and more sales. We’ll continue to see the number of sellers grow gradually. Price cuts are definitely on the rise.

Inventory 476

Inventory Contracts Sellers New Listings 476

Housing Wire

FEBRUARY 24, 2025

Expired sellers and FSBOs: This is for the bravest of agents out there! Look up expired sellers and FSBO sellers on LinkedIn and send them a message. per month, so its definitely an investment but could be worth it if you commit to using it regularly. The options range from $29.99 to $139.99

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Real Estate Agent Real Estate Agents Tools 312

Housing Wire

AUGUST 8, 2024

But the question is, if the buyer agency fees are being paid by the seller or by the buyer, how will that change the final sales price if it gets added in or taken out of the final price?” If sellers are unwilling to offer help with buyer’s agent fees, Mohtashami said they are effectively making their homes more expensive for buyers.

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Housing Market Marketing Mortgage Sellers 488

Housing Wire

JANUARY 23, 2024

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. 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. Will we get more inventory?

Real Estate Agent 476

Real Estate Agent Real Estate Buyers Agents 476

Appraisal Buzz

SEPTEMBER 26, 2022

We have rules, we have standards, and we all know the exact definition of value. The “official unofficial” government-related loan definition of market value is clear. It says buyer and seller are: Prudent and knowledgeable. Also part of the definition: Reasonable market exposure time. Not affected by undue stimulus.

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Market Value Sellers Buyers Finance 321

Housing Wire

MARCH 22, 2024

Every agent claims to be a “top agent” and the definition of “luxury” or “million-dollar agent” is cloudy at best. Your home sellers and buyers research you online. Robust search functionality and optimization: RealTrends Verified elevates your brand in the places homebuyers and sellers look first.

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Brokerage Real Estate Agents Sellers 448

Housing Wire

AUGUST 2, 2024

The risk of an economic recession remains low, but the pullback in private-sector employment suggests that higher borrowing costs and uncertainty are definitely having an impact,” Sturtevant said in a statement.

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Marketing Mortgage Construction Transportation 493

Housing Wire

AUGUST 19, 2024

Slower growth of unsold homes on the market is a result of too few sellers on the supply side and stability on the demand side. New listings come at slow rate On the new listings side, we’ve covered the slow rate of sellers now for two full years. There’s no sign of any big surge in sellers. Texas inventory grew by 1.5%

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Inventory New Listings Sellers Buyers 444

Appraisal Buzz

OCTOBER 4, 2024

It might go without saying that a junk-cluttered yard does a home seller no favors—in fact, six in 10 real estate agents estimate that an unkempt front yard decreases a property’s value by 20% or more. That means sellers in a hurry to close should concern themselves not only with their own property but also with their neighbors’.

Home Value 397

Home Value Real Estate Agent Sellers Real Estate 397

Housing Wire

APRIL 8, 2024

As sellers gently re-enter the market, more home sales can happen and are happening. Last year there were so few sellers each week and we now observe 10-15% more sellers each week. In other words, seller growth continues. We’ve consistently had more sellers easing into the market. That’s down 6.5%

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Inventory Contracts New Listings Sellers 493

Housing Wire

JUNE 20, 2024

On the sell side, agents say that low mortgage rates from a purchase or refinance transaction in late 2020 or early 2021 are keeping many potential sellers in their home. “A Buyers are taking their time and they definitely are being pickier,” Wallace said. There is no advantage for a seller to work with an offer like that.

Housing Market 448

Housing Market Agents Marketing Inventory 448

Housing Wire

JULY 30, 2021

Due to low inventory, sellers are able to put their homes up at a higher rate. The definition of a “fixer-upper” varies. In 2020, the S&P CoreLogic Case-Shiller price index reported the highest annual housing growth since 2013. And with today’s low interest rates, buyers have been rushing to purchase what’s available.

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Renovations Buyers Sellers Investing 505

Housing Wire

MARCH 22, 2024

“We are seeing contracts fall through during the due-diligence period because of the sticker shock on insurance costs, so that is definitely a problem.” It is definitely a significant concern and issue,” Smith said. Literally since Jan. It is going to be a really strong spring and summer.”

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Insurance Inventory Marketing Real Estate 448

Appraisal Buzz

AUGUST 16, 2021

Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value. 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.

Market Value 448

Market Value Buyers Appraisal Sellers 448

Appraisal Buzz

JULY 23, 2024

“We’re seeing a slow shift from a seller’s market to a buyer’s market,” said Lawrence Yun, Chief Economist at NAR. Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.”

Inventory 395

Inventory Inspection Realtors Sellers 395

Housing Wire

MARCH 21, 2024

I think things have definitely picked up,” said Tane Cabe, a broker with C2 Financial Corp., I’ve talked to some leaders in this space recently and they’re telling me they’ve definitely seen an increase in volume. said in a recent interview. That seems to be the general feeling.

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Retail Mortgage Real Estate Agent Business 459