Housing Wire

MAY 21, 2024

While the appraisal is not a guarantee of the final sale price, it can help you understand the fair market value of the home and can assist in making informed decisions during negotiations with the seller. Network with locals Connect with local residents and community members to get insight into the neighborhood.

Real Estate Agent 488

Real Estate Agent Real Estate Inspection Valuation 488

Housing Wire

MARCH 3, 2021

Reacting to headlines pointing to racial bias in some home appraisals, the Appraisal Foundation this week said that it would require all appraisers to take a seven-hour course focused on fair housing laws and bias. “This part of the course will concentrate on how to avoid both bias and the perception of bias in appraisals.”

Appraisal 448

Appraisal Valuation Law Inspection 448

Appraisal Buzz

AUGUST 13, 2024

While the industry is no stranger to predatory and/or unfair lending practices, new advisory opinion and research study on a type of home seller financing known as a “contract for deed” has been released by the Consumer Financial Protection Bureau (CFPB). The CFPB is had a field hearing in St.

Contracts 367

Contracts Investors Sellers Lending 367

Housing Wire

FEBRUARY 22, 2024

Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. Notably, property risk calls for thorough inspection, preservation, and maintenance to limit liability. TF: Effective risk management in REO asset sales involves awareness of the intrinsic risks.

Business 435

Business Marketing Real Estate Legal 435

Miller Samuel

NOVEMBER 30, 2018

Those are "PiW" loans or have a "Property Inspection Waiver." The seller and the buyer determined the market value by agreeing on the price." of the actual value 50% of the time) and "hybrid appraisers" (which removes the appraiser from the actual inspection of properties) to develop a value opinion.

Appraisal 300

Appraisal Inspection Real Estate Agent Agents 300

Lamacchia Realty

MARCH 9, 2022

WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION. It’s not a secret that it has been a seller’s market for the past few years. A common issue that many sellers are not prepared to deal with is a buyer requesting repairs after the inspection. Unfortunately, the home selling process is never that easy.

Inspection 74

Inspection Buyers Sellers Real Estate Agent 74

Housing Wire

DECEMBER 7, 2023

Covers reciprocal application process, relevant laws & regulations Base Non-Credit NH Reciprocity: For anyone licensed in MA seeking NH reciprocity eligibility. Covers licensing laws & the reciprocal licensing process. After the class, you will receive the certificate for each state to renew both states’ licenses. out of 5.

Real Estate 435

Real Estate Real Estate Agent Law Brokerage 435

Miller Samuel

APRIL 29, 2020

Meeting of the minds (also referred to as mutual agreement, mutual assent, or consensus ad idem) is a phrase in contract law used to describe the intentions of the parties forming the contract. Closing data and contract/pending data lags the " meeting of the minds. ".

Contracts 195

Contracts Real Estate Agent Inspection Law 195

Raleigh Realty

AUGUST 17, 2021

It's important to note that real estate contracts and laws change depending on what state you are in. Introduced in 2011, due diligence money is a fee that is paid directly to the seller in a real estate transaction and is due immediately though sometimes it is paid a few hours after the execution of the contract.

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Raleigh Realty

FEBRUARY 4, 2022

What is Dual Agency in Real Estate and Should you Avoid it Most buyers and sellers are familiar with how listing agents and buyer’s agents work which leads us to the question of what is dual agency in real estate? My first transaction as a Real Estate Agent was as a dual agent representing both the buyer and the seller.

Real Estate 148

Real Estate Real Estate Agent Sellers Agents 148

Raleigh Realty

MARCH 31, 2021

Different states have different laws as it surrounds contingencies so you'll want to speak with your Realtor about the current local rules for contingent homes. Contingencies are conditions that either the buyer or seller (or both) must meet for the sale to go through. The seller does not have the ability to accept another offer.

Real Estate 148

Real Estate Sellers Contracts Buyers 148

Housing Wire

APRIL 27, 2023

The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.” He added that healthy home-price appreciation to date made it possible for FirstKey Homes to release the excess collateral from the 2021 securitization deal.

Renovations 395

Renovations Investing Real Estate Marketing 395

Cleveland Appraisal Blog

AUGUST 11, 2022

Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer. The type and range of information you have to provide in the seller’s property disclosure will, of course, depend on the legal regulations of the state where you have the property.

Renovations 221

Renovations Buyers Appraisal Investing 221

Eppraisal

OCTOBER 28, 2021

They also help protect the sellers from any future liability. Seller's Residential Disclosures The seller's residential disclosures that you'll most likely be filling out and signing are: a state residential real property disclosure report, a disclosure of information on radon hazards, a mold disclosure and a lead-based paint disclosure.

Inspection 36

Inspection Sellers Contracts Buyers 36

Listing Spark

JANUARY 5, 2025

Selling a house as-is in Texas means the buyer agrees to buy the home in its current condition, and the seller opts to sell as is without making any repairs. Which is why many sellers try to sell their home as-is and avoid the hassle of repairs and improvements. The idea of an as-is sale can appeal to sellers for a lot of reasons.

Inspection 36

Inspection Sellers Real Estate Agent Contracts 36

Houston Properties

APRIL 15, 2020

Houston Home Sellers Guide Series #4: Preventive Home Maintenance Guide For Your Houston Home. This article is part of a Houston Home Sellers Guide Series outlining how we achieve these results. This article is part of a Houston Home Sellers Guide Series outlining how we achieve these results. HOUSTON HOME SELLERS GUIDE SERIES.

Sellers 67

Sellers Inspection Open Houses Buyers 67

Lamacchia Realty

MARCH 19, 2025

Assess the Damage and Get Repair Estimates A home inspection will help you understand the extent of the damage. Once the inspection is complete, get estimates for repairs. Disclose All Damage and Repairs Florida law requires sellers to disclose property defects. Buyers may request inspections or financing approvals.

Transportation 38

Transportation Logistics Inspection Real Estate Agent 38

Realtor

APRIL 7, 2021

This could end up costing the seller, he warns, as the taxing authority may come back and demand the property owner have the work inspected and permitted, or reverse the work and bring the home back to its original condition. What should you do if you notice square footage differences?

Appraisal 126

Appraisal Real Estate Agent Real Estate Agents 126

The Robert Weiler Company

OCTOBER 15, 2021

During the real estate due diligence process, a responsible CRE investor will spend weeks scrupulously inspecting all aspects of the commercial property for sale. As such, investors must verify the seller, financials, and property obligations (i.e., Skimping out of the physical inspection. in decades.

Investing 138

Investing Real Estate Tenants Investors 138

Will Springer Realtor

MARCH 1, 2022

A home inspection is almost always the best route to take before purchasing a property. In a competitive market, however, buyers recognize that submitting an offer with a request to conduct a traditional inspection can hurt their chances of winning a bidding war. This is the best option when a traditional inspection is not viable.

Inspection 36

Inspection Buyers Sellers Real Estate 36

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer.

Contracts 143

Contracts Tenants Legal Sellers 143

Hood Homes Blog

SEPTEMBER 23, 2019

The Seller’s Disclosure is required by law, but ultimately not very useful Do your own due diligence on a property, including a third party inspection ! The seller is responsible to keep the seller’s disclosure updated. Texas Seller’s Disclosure Law. Lead-Based Paint.

Inspection 54

Inspection Sellers Law Agents 54

Raleigh Realty

MARCH 23, 2021

The question should I sell my home for sale by owner or without a Realtor® is likely one asked by every home seller with the thought of trying to save money. It's important to reverse engineer the sales process as a seller as you will want to understand who your target buyer is and that is likely someone working with a Realtor.

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Lamacchia Realty

JANUARY 6, 2023

We can now connect sellers who have low-rate assumable mortgages with active buyers! There Is No Pass or Fail with Home Inspections. A Reminder About Snow Removal Laws. When snow arrives, it's important to be familiar with these snow removal laws. Seller Resources. Lamacchia Realty Offers Mortgage Assumptions.

Realty 73

Realty Law Sellers Inspection 73

Birmingham Appraisal

SEPTEMBER 15, 2022

You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection. As a new homeowner, you might be confused about the differences between an appraisal and a home inspection. Other users might be sellers, mortgage underwriting, banks, and contractors.

Appraisal 98

Appraisal Inspection Appraisal Process Real Estate Agent 98

McKissock

JULY 19, 2022

Red Flags: The seller demands payment upfront. Sellers are often on a time crunch to get properties locked into a contract, which leaves little time to properly deal with the unexpected. While many sellers are respected professionals and would fully fix the issue before listing, it doesn’t hurt to do your research as a buyer.

Real Estate 98

Real Estate Real Estate Agent Sellers Agents 98

Birmingham Appraisal

JANUARY 29, 2025

Beyond what you see during the appraisal inspection do you understand the appraisal process or anything about what appraisers do? An appraiser might uncover that a home sold for less due to deferred maintenance or for more because of seller concessions. Verification is important because not all sales are straightforward.

Appraisal 63

Appraisal Appraisal Process Valuation Buyers 63

The Robert Weiler Company

JANUARY 7, 2021

Compliance with Laws. In the event that any law, ordinance, or regulation is passed or enacted by the government, is the tenant or landlord responsible for all costs associated with required alterations of your operation or use of the premises? Governing Law. Who is responsible for the cost of utility-related expenses?

Landlords 148

Landlords Tenants Real Estate Insurance 148

Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. While there are different laws for different states, Fannie Mae has a general list of requirements on their site. The first is that the seller accepts your terms, no strings attached.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

Quicken Loans

JUNE 3, 2021

You may already be aware of iBuyers and what they have to offer prospective home buyers and sellers. But for those who want to understand what all the hoopla is about and what it entails for buyers, sellers and agents alike, here’s what you should know. Offerpad will even pay for professional movers when sellers relocate locally.

Sellers 55

Sellers Buyers Agents Real Estate Agent 55

Lamacchia Realty

NOVEMBER 2, 2021

If the asbestos in your home is damaged, deteriorated, or crumbling, the law requires it to be removed by a licensed contractor. Although, if you do know you have asbestos in your home, you should indicate this information in your disclosure agreement since home inspections don’t typically test for asbestos. Seller Resources.

Inspection 74

Inspection Buyers Law Sellers 74

Lamacchia Realty

MARCH 12, 2024

Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market. Keep in mind that if you are writing a letter, be sure it does not violate any Federal or State Fair Housing Laws.

Inspection 74

Inspection Buyers Sellers Real Estate 74

Raleigh Realty

AUGUST 3, 2021

And if you are buying with cash, you'll want proof of income to show the seller's agent. Some things that are most important to consider in evaluating your land in the beginning stages include: Local zoning laws: these can affect the size and height of the buildings you are allowed to build or even if you're allowed to build at all.

Real Estate Agent 148

Real Estate Agent Construction Development Real Estate 148

The Robert Weiler Company

MAY 14, 2021

Both the interior and exterior of all the decedent’s properties must be inspected. Any records that count help authenticate the property’s condition around the date of death, such as deeds, inspection reports, leases, rent rolls, income statements, or photographs. The probate process includes multiple parties and the court of law.

Real Estate 133

Real Estate Appraisal Legal Valuation 133

Lamacchia Realty

AUGUST 4, 2021

A home passes or fails inspection This isn’t like an exam in high school where you either pass or fail. The point of an inspection is to assess the condition of the home, the good and the bad. It is better to price a home on the high side as the seller can always come down Wrong! Same with buyers considering buying a FSBO.

Real Estate 69

Real Estate Renovations Agents Inspection 69

Quicken Loans

JUNE 8, 2021

Even if the sellers agree to your offer, their bank or lender might reject it if it’s too low. You might have to place an offer or bid before viewing or inspecting the home. Bear in mind that every state has unique laws and regulations concerning foreclosures. It’s important to work with an expert who understands these laws.

Real Estate Agent 72

Real Estate Agent Inspection Government Real Estate 72

Genworth MI Blog

JUNE 27, 2019

Will I be seen as overstepping the law? Because of this reality, many laws and regulations have been enacted over the past 10 years to discourage improper communication with the appraiser. Similar rules, laws, and regulations have been issued by state legislatures, secondary market entities, and banking regulators.

Appraisal Tips 78

Appraisal Tips Appraisal Law Inspection 78