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California Realtors discuss post-wildfire changes in Black neighborhoods

Housing Wire

Kalin also recommended that agents help their clients consider the time and cost of rebuilding , homeowners insurance proceeds, temporary housing expenses, and the benefits of selling for cash value versus rebuilding. California is also prohibiting unsolicited offers below market value.

Realtors 352
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Georgia looks to protect residents from title theft with new law

Housing Wire

Under the new law, if a deed or mortgage is filed with the clerk of a superior court for recording by a self-filer i.e., a person who is not an insurance agent, attorney, bank or credit union agent, mortgage lender or servicer, land surveyor or public official it must be submitted via electronic filing.

Law 397
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Market Correction or Seller Panic?

Appraisal Buzz

Assuming a $250,000 loan was committed on December 31, 2021, your monthly payment was approximately $1,007 exclusive of escrow for real estate taxes and insurance. Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market. Another trend to be aware of is the days on market metric.

Sellers 435
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Better.com reports 400% growth for HELOC business

Housing Wire

Garg explained that Better utilized its marketplace lending model that includes 32 different investors across the mortgage landscape from real estate investment trusts and insurance companies to hedge funds, major correspondent lenders and the government-sponsored enterprises Fannie Mae and Freddie Mac. figure is far above the 26.5%

Business 302
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Selling your home to a family member in 5 easy steps

Housing Wire

However, an off-market transaction between family members requires careful planning and transparent communication to avoid misunderstandings and ensure a seamless process. Selling your home to a family member is called a controlled transaction, while selling your home on the open market is referred to as an arm’s length transaction.

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How to price homes properly in a volatile housing market

Housing Wire

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. These are market-based decisions.” Kearney’s simple strategy for surviving as a high-volume seller in an environment where demand has dried up: listen to the market and do what it says.

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Unanswered Questions – Part 1

Appraisal Buzz

Trying to meet deadlines, keep my clients informed, and put out a quality product in this busy market is enough to make my head spin. Lately, though, I’ve been trying to carve out some extra time to find out about what other appraisers are saying and doing in this unusual market. Markets hate uncertainty.