Appraisal Buzz

SEPTEMBER 9, 2024

The analysis centers on in-depth interviews conducted nationwide with numerous Redfin agents regarding the reactions of sellers and buyers to the changes. Agent consensus: Demand for the listing determines how much a buyer or seller can negotiate, much like in typical real estate transactions. to the buyer’s agent.”

Sellers 397

Sellers Buyers Agents Advertising 397

Housing Wire

OCTOBER 10, 2023

Many sellers have returned to offering concessions and dropping prices to entice buyers. Now more than ever, sellers expect an agent who will confidently create a plan to get them top dollar for their home. But in the case that a roof is leaking or falling apart, it’s best to recommend sellers get it repaired or replaced.

Home Improvement 482

Home Improvement Real Estate Agent Sellers Real Estate 482

Lamacchia Realty

JANUARY 10, 2025

New Massachusetts Law Addresses Home Inspection Waivers: What Buyers and Sellers Should Know A new law passed by the Massachusetts Legislature will soon regulate buyers and sellers options around conducting a home inspection when purchasing a home. The second part of the statute also puts restrictions on the seller.

Inspection 69

Inspection Law Sellers Buyers 69

Housing Wire

JANUARY 21, 2025

After 29 years and thousands of listing presentations, I have found that sellers, more than ever, want an agent who has solid negotiation chops and who is willing to use them on their behalf. In most cases, a buyer wants to get a fair deal on a house that the seller wants to sell at a fair price. I calmly reply, I understand.

Real Estate 370

Real Estate Clients Sellers Agents 370

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

DECEMBER 6, 2024

Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. Your newsletter content should be a mix market updates, buyer and seller advice, community news and events, and storytelling.

Real Estate 397

Real Estate Clients Tools Sellers 397

Housing Wire

JUNE 10, 2021

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. According to HomeAdvisor , the average seller pays almost $1,500 in staging costs. Seller Concessions.

Sellers 546

Sellers Real Estate Agent Real Estate Decorating 546

Housing Wire

MARCH 22, 2021

Interestingly, Redfin data showed waiving the inspection contingency and conducting a pre-inspection – meaning the buyer conducted an inspection before making an offer – had no significant impact on whether a prospective buyer wins a bidding war. That’s likely because those strategies are so common in a competitive market.

Inspection 545

Inspection Inventory Buyers Sellers 545

Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? This will help you set a realistic price and manage your sellers’ expectations. For appraisals that are low, a seller may want to get a second appraisal. The negotiations were successful, and a deal has been reached.

Real Estate 476

Real Estate Appraisal Agents Inspection 476

Housing Wire

SEPTEMBER 5, 2024

The FHA should critically evaluate and simplify inspection criteria, review the inspection requirements for FHA appraisals, and modernize criteria wherever possible “to help reduce homebuying hurdles over non-essential, smaller home repair issues,” the authors wrote.

Buyers 476

Buyers Real Estate Agent Inspection Real Estate 476

Housing Wire

SEPTEMBER 9, 2024

Like with the amount of earnest money deposit or including an inspection contingency, the amount the buyer is asking the seller to pay her agent is a term that impacts the strength of the offer,” Redfin chief economist Daryl Fairweather said in a statement. That will likely drive fees down over time.”

Agents 482

Agents Marketing Sellers Buyers 482

Appraisal Hub

DECEMBER 11, 2024

Thats why understanding home inspections and home appraisals is your first step to making a smart investment. Home Inspections: The Detective Work Think of a home inspection as your personal property detective. A home inspection helps you avoid that nightmare. These two processes are often misunderstood.

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Inspection Buyers Appraisal Investing 78

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?

Inspection 468

Inspection Sellers Buyers Tools 468

Housing Wire

MAY 16, 2024

The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures. It can also help agents clearly communicate their unique value and services to homebuyers, sellers and others.

Real Estate Agent 466

Real Estate Agent Real Estate Brokerage Sellers 466

Appraisal Buzz

AUGUST 30, 2022

Additionally, among those surveyed, the number of buyers asking for repairs based on the inspection results more than doubled in recent months and the number … The post Changing Needs Motivating Home Sellers appeared first on DSNews. The post Changing Needs Motivating Home Sellers appeared first on Appraisal Buzz.

Sellers 195

Sellers Inspection Contracts Buyers 195

Raleigh Realty

FEBRUARY 2, 2022

Negotiating Repairs After a Home Inspection What fixes are mandatory after a home inspection? Is the seller not willing to negotiate repairs? One of those steps is the home inspection and with the home inspection, major issues can arise. As a buyer, always try to come to the seller from a kind, courteous place.

Inspection 158

Inspection Sellers Buyers Realtors 158

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.

Inventory 508

Inventory Buyers Inspection Sellers 508

Housing Wire

MAY 3, 2024

As the spring selling season kicks off, many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase. As a result, sellers who are winning in this market spent time making sure their homes are in show-ready condition.

Inventory 455

Inventory Inspection Lending Real Estate 455

Housing Wire

SEPTEMBER 19, 2024

Higher inventory levels and lower mortgage rates should provide better conditions for the market in the fall, helping both buyers and sellers who’ve been waiting on lower borrowing costs and the end of the election cycle. New-home sales — while making up a considerably smaller share of the housing market — rose sharply in July.

Inventory 459

Inventory Housing Market Inspection Sellers 459

Housing Wire

AUGUST 13, 2024

In these contracts – also known as “land contracts” or “bond for deed” –the seller retains the legal title to a home until the borrower completes all the payments, leading to some “traps,” according to the CFPB. Home prices are usually inflated, inspections are not made, and loans have high interest rates and balloon payments.

Contracts 482

Contracts Mortgage Law Sellers 482

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

OCTOBER 27, 2020

The truth is, sellers can have their pick right now, and if your offer isn’t just what they want, they could choose another buyer. But they’re also an extra hassle for sellers. Sellers can have contingencies, too. Sellers can include contingencies, too.

Marketing 468

Marketing Sellers Buyers Inspection 468

Housing Wire

FEBRUARY 21, 2024

Curbio , a provider of pre-sale home improvement services that requires payment at closing, will provide its “Build Your Own Estimate” mobile app to NAR members, which offers free repair estimates for home inspections upon the upload of a PDF document.

Home Improvement 435

Home Improvement Realtors Real Estate Agent Inspection 435

Housing Wire

OCTOBER 9, 2024

Across the country, the topic is causing quite a stir as real estate professionals are sorting out how to incorporate buyer requests and seller offers of buyer agent compensation into a purchase and sales agreement. Seller might even withdraw their offer of a concession if they receive lower-than-expected offers.

Buyers 468

Buyers Sellers Agents Contracts 468

Raleigh Realty

JULY 31, 2022

Major Home Inspection Issues and How to Handle Repairs If your home inspection turns up any of these 7 major issues it could be time to negotiate some mandatory fixes with the seller before you proceed with purchasing the home. After a home inspection, issues are going to arise. Structural Issues 1. Plumbing 3.

Inspection 148

Inspection Sellers Real Estate Agent Buyers 148

Housing Wire

JULY 24, 2024

Earlier this year, RealReports announced a new feature for Aiden that the company claims harnesses the capabilities of multimodal AI to analyze and summarize property documents — including inspection reports, appraisals and seller disclosures.

Realtors 468

Realtors Tools Real Estate Agent Real Estate 468

Listing Spark

JANUARY 5, 2025

Start with a home seller’s checklist to ensure you are organized and prepared. Here is a great net sheet by Stewart Title for sellers to calculate listing expenses. Here is a great net sheet by Stewart Title for sellers to calculate listing expenses. Really look into the neighborhood market activity.

Sellers 69

Sellers HOA Real Estate Agent Contracts 69

Housing Wire

DECEMBER 8, 2020

“Our momentum speaks to the massive need for a more reliable way for sellers of homes that need love.”. Sundae pairs sellers of distressed properties with potential buyers, claiming that homeowners can close in as little as 10 days or wait and choose to remain in the home for weeks after the sale.

Investors 397

Investors Sellers Real Estate Inspection 397

Housing Wire

FEBRUARY 26, 2024

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. As a result, new condo listings are flooding the market in Florida as sellers try to unload their properties at a discount.

HOA 501

HOA Law Insurance New Listings 501

Housing Wire

JUNE 24, 2021

If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close. The all-cash contract signed between Accept.inc and the seller is still contingent on a satisfactory inspection that can be negotiated between the buyer and agent. The trio closed a $7 million seed round in 2019.

Sellers 418

Sellers Buyers Investors Inspection 418

Housing Wire

AUGUST 22, 2024

Sellers keep selling In the first month, nearly 98% of sellers continued to offer compensation to buyer’s agents—some agents even reported an increase in income by clearly defining their fee structure upfront and with each offer. Realtors are now communicating more proactively and responsibly given the state of uncertainty.

Real Estate 476

Real Estate Realtors Contracts Agents 476

Housing Wire

AUGUST 31, 2023

Property data collection consists of a complete interior and exterior inspection of the subject property. Freddie Mac announced automated collateral evaluation (ACE) as a new solution and Fannie Mae followed not long after with the introduction of Property Inspection Waivers (later renamed Value Acceptance).

Modernization 418

Modernization Appraisal Inspection Valuation 418

Housing Wire

SEPTEMBER 19, 2024

Simultaneously, I have heard this common refrain from eager homebuyers: “I qualify for an FHA (or VA ) home loan, but I’m having a hard time getting my offer accepted by a home seller. Have you ever heard that before or some variation? If so, then you probably know the answer can be summed up in four words: “Source of income” discrimination.

Legal 435

Legal Sellers Real Estate Inspection 435

Housing Wire

AUGUST 8, 2022

we’re helping potential buyers make more informed decisions, while empowering agents and sellers to market their properties more effectively, and supporting a modern valuation process for both appraisers and lenders,” said Jeff Allen, president of CubiCasa. By offering a free version of our mobile scanning technology in the U.S.,

Property Management 525

Property Management Technology Real Estate Valuation 525

Housing Wire

OCTOBER 28, 2024

The maximum LTV ratio will increase from 80% to 90% for appraisal waivers and from 80% to 97% for inspection-based appraisal waivers, consistent with standard guide eligibility guidelines. “To Requirements and the effective date will be available in the upcoming single-family seller/servicer guide bulletin.

Appraisal 459

Appraisal Valuation Inspection Sellers 459

Housing Wire

OCTOBER 6, 2020

With ever-waning levels of inventory, surging homebuyer demand and bidding wars on the rise, it’s clear that sellers have the upper hand this season. You can also bet it will show up on the inspection report. And while that certainly bodes well for homeowners (hello, more profits!) Are you considering putting your home on the market?

Renovations 497

Renovations Inspection Buyers Inventory 497

Housing Wire

SEPTEMBER 17, 2024

In the other are sellers who are choosing to advertise the buyer broker compensation they are offering in all allowable channels.” If your listing agreement has a number there and you aren’t disclosing it when your seller said you can, then we have an ethical issue.” It is a seller decision, not an agent decision.”

Agents 448

Agents Sellers Buyers Realtors 448