Housing Wire

NOVEMBER 9, 2020

Presented by: VRM Mortgage Services. While the state of the market shines brightly for prospective buyers and sellers, the economy overall is showing some slight hesitation. The post Buyers and sellers agree: it’s a good time to enter the housing market appeared first on HousingWire. million Americans unemployed.

Housing Market 543

Housing Market Sellers Buyers Marketing 543

Housing Wire

OCTOBER 10, 2023

Many sellers have returned to offering concessions and dropping prices to entice buyers. The “same old listing presentation” and tired marketing tactics aren’t cutting it for agents looking to win listings in today’s competitive and tight market. Depending on the age and condition of the carpet, sellers may not need to rip it up.

Home Improvement 478

Home Improvement Real Estate Agent Sellers Real Estate 478

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.

Buyers 424

Buyers Agents Real Estate Agent Loan Officers 424

Housing Wire

MARCH 7, 2024

Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. more than at other times of the year, equating to an additional $7,700 on the typical U.S.

Sellers 418

Sellers Buyers Real Estate Inventory 418

Housing Wire

JANUARY 2, 2024

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.” 27, 2019, and the present.

Sellers 418

Sellers Brokerage Real Estate Realtors 418

Housing Wire

OCTOBER 3, 2024

Conrad discusses best practices for transparent conversations between listing agents and sellers, the value of educating sellers on the new buyer agent compensation agreements , and ways to show your value as a professional agent. Velt chimes in and shares how important it is to be transparent with sellers.

Sellers 382

Sellers Agents Training Clients 382

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.)

Real Estate 444

Real Estate Sellers Buyers Clients 444

Housing Wire

MARCH 22, 2024

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. If you want a shot at generating seller leads online, you need one, too.

Real Estate 409

Real Estate Sellers Real Estate Agent Tools 409

Housing Wire

NOVEMBER 4, 2024

As real estate practitioners adjust to the practice changes that took effect in August, and the industry waits for final approval of the NAR settlement from the court in November, questions continue about seller offers of compensation. Lowering commissions will not cause sellers to reduce their prices.

Buyers 274

Buyers Sellers Agents Real Estate 274

Housing Wire

AUGUST 17, 2022

The Federal Housing Finance Agency (FHFA) and Ginnie Mae are walking back some of the more controversial proposed eligibility requirements for sellers, servicers and issuers they oversee. Institutions with less than $1 billion in originations during a 12 month period would be exempt — a new carveout the agencies said is for “small sellers.”.

Sellers 365

Sellers Government Lending Finance 365

Appraisal Buzz

SEPTEMBER 5, 2024

Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% In April we noted that rising for-sale inventory was likely to lead to more balance between buyers and sellers. Similar to buyers, sellers reduced their offering in August as newly listed properties dropped 0.9%

Sellers 397

Sellers Housing Market Buyers Marketing 397

Housing Wire

JUNE 13, 2024

According to a news release, through the partnership, My State MLS agent members will be able to receive estimated cash offers on qualifying properties within minutes to present to their clients. If the seller chooses to pursue Opendoor’s offer, they will then be directed to Opendoor to continue the process.

Sellers 453

Sellers Agents Realty Clients 453

Housing Wire

JANUARY 24, 2025

Since 1942, the only time home prices significantly dropped was from 2007 to 2011, during a market characterized by much higher inventory, distressed sellers and a monthly supply exceeding 10 months. That situation is not present in todays housing market as active inventory is almost 1 million, not 4 million like in 2007.

Inventory 454

Inventory Housing Market Sellers Marketing 454

Housing Wire

SEPTEMBER 2, 2022

It puts homebuyers holding the NFT in the position of making an all-cash offer to a home seller, according to the Buena Park, California-based lender. “What we traditionally call a homebuyer is now a seller of their unique, credit-qualified non-fungible token (NFT),” said Sun West CEO Pavan Agarwal. .

Technology 95

Technology Loan Conditions Sellers Real Estate 95

Housing Wire

OCTOBER 3, 2024

This rule is no longer in place due to the terms of NAR’s home seller commission lawsuit settlement , which went into effect in August. The suit is seeking class-action status for a nationwide class that is defined as all persons who purchased a residential property listing on a Realtor-affiliated MLS between 2002 and the present.

Realtors 386

Realtors Real Estate Sellers Agents 386

Housing Wire

APRIL 30, 2024

Examples of broker-provided services include identifying potential properties, arranging for the buyer to tour a property, performing or facilitating negotiations on behalf of the buyer, or presenting offers by the buyer. Under these circumstances, the agent or MLS participant would not need a written agreement with the buyer.

Buyers 484

Buyers Open Houses Sellers Agents 484

Housing Wire

NOVEMBER 15, 2023

He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real estate conditions before diving into forecasts for next year. However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said.

Real Estate 482

Real Estate Inventory Sellers Realtors 482

Housing Wire

AUGUST 19, 2024

According to real estate professionals, the biggest adjustments they had to make this week was to get buyers to sign buyer representation agreements and to explain to sellers that while they don’t have to offer buyer broker compensation , they will most likely see most prospective buyers ask for some help in paying their agent.

Agents 469

Agents Sellers Realty Buyers 469

Housing Wire

NOVEMBER 10, 2023

District Court in South Carolina, alleging that the National Association of Realtors (NAR) and Keller Williams colluded to artificially inflate agent commission rates, increasing costs for home sellers. “The effect of these rules is not simply that the seller must pay the buyer broker’s compensation,” the complaint states.

Sellers 443

Sellers Realtors Buyers Agents 443

Housing Wire

DECEMBER 15, 2023

This is according to NAR Chief Economist Lawrence Yun, who shared a presentation of his 2024 forecast on Tuesday. Once the December data for existing home sales is tallied up, 2023 could be the worst year for existing home sales seen since 2008 or since 1995, Yun said during his presentation.

Sellers 485

Sellers Buyers Mortgage Investing 485

Housing Wire

OCTOBER 23, 2024

It includes items we feel are essential to an effective listing presentation. How to prepare for a listing appointment Have a quick call with the sellers to ask them about their motivation, timeline, and price they have in mind. This is to help you remember your presentation and have paper on hand for taking notes. Several pens.

Agents 378

Agents Real Estate Sellers Real Estate Agent 378

Housing Wire

NOVEMBER 8, 2023

31, 2023, the Gibson lawsuit pits three Missouri home sellers, Don Gibson, Lauren Criss and John Meiners, against National Association of Realtors , Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman. Accepted by the court on Oct.

Real Estate 437

Real Estate Sellers Real Estate Agent Realtors 437

Housing Wire

MARCH 25, 2024

Remain calm, trust that you are in the right place and go sell real estate,” Wendi Harrelson, the president of Keller Williams Realty International -owned regions, said during the presentation on Monday. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

Agents 425

Agents Advertising Real Estate Sellers 425

Housing Wire

FEBRUARY 16, 2024

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. District Court in Las Vegas by Nevada home seller Angela Boykin. 16, 2020, and the present. The copycat commission lawsuit was filed on Friday in U.S.

Real Estate 428

Real Estate Realtors Realty Brokerage 428

Housing Wire

JANUARY 18, 2024

The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. Patrick Thurber, a California home seller, is an additional named plaintiff in the suit. 17, 2020, and the present.

Realtors 503

Realtors Brokerage Real Estate Realty 503

Housing Wire

OCTOBER 29, 2024

And it is a little bit early, but some of the preliminary data I have looked at show that sellers are continuing to pay buyer agent compensation.” I think ultimately, though, sellers should be looking at their net (profit). This is concerning, she added, given the complicated nature of the real estate transaction.

Marketing 413

Marketing Real Estate Sellers Buyers 413

Housing Wire

MARCH 8, 2024

District Court in New Orleans, home seller plaintiff Joseph C. The lawsuit is seeking class action status for anyone who has used Latter & Blum as listing broker for sale of a home on an MLS in Louisiana and paid a buyer broker commission between March 5, 2020, and the present. In a lawsuit filed on Tuesday in U.S.

Brokerage 396

Brokerage Sellers Realtors Agents 396

Housing Wire

DECEMBER 3, 2020

Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market. Presented by: Freddie Mac. The divide between supply and demand is striking: compared to last year, total new listings increased.22%,

Inventory 546

Inventory Housing Market Marketing New Listings 546

Housing Wire

MARCH 13, 2024

Amid escalating climate concerns , Realtor.com has launched enhanced tools to help homebuyers and sellers evaluate the climate risk exposure of a property, according to a company announcement on Wednesday. Presently, a staggering 40.4% The cost of homeowners insurance policies has skyrocketed in the past two years as U.S. ” U.S.

Tools 440

Tools Insurance Home Value Technology 440

Housing Wire

NOVEMBER 8, 2023

But this latest one comes with a twist — it was filed by homebuyers, unlike the others filed by home sellers. Thus, the Rule is designed to create tremendous pressure on sellers to offer the high, standard commission and to act as a powerful deterrent to anyone who may attempt to offer a discounted commission.”

Real Estate 456

Real Estate Realtors Sellers Agents 456

Housing Wire

JULY 30, 2024

At the new Homes.com , we always present the listing agent and only the listing agent on any home for sale on our site. What is the most important sign home buyers and sellers looking for an agent use as a signal that a real estate agent is a trusted expert? This is not a new principle for us.

Agents 364

Agents Real Estate Agent Real Estate Buyers 364

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 438

Buyers Sellers Agents Contracts 438

Housing Wire

JUNE 4, 2021

The winning buyer also waived appraisal and financing contingencies and dropped off cupcakes that matched the interior colors of the house, which was a nice touch because the seller is an artist and the home is unique and colorful.” . Presented by: Rocket Pro TPO. The jumbo market for brokers is back in a huge way.

Marketing 508

Marketing Sellers Finance Loan Officers 508

Housing Wire

MAY 1, 2024

Less than a week after HomeServices of America settled the home seller commission lawsuits for $250 million , the firm again finds itself in the crosshairs of antitrust litigation. 1, 1996, and the present. On Monday, homebuyer James Lutz filed a class-action antitrust lawsuit in a U.S. “

Sellers 424

Sellers Real Estate Agent Realtors Real Estate 424

Housing Wire

JULY 5, 2022

The silver lining behind the market cool down is a recalibration, which should restore balance between buyers and sellers, said Selma Hepp, deputy chief economist at CoreLogic, in a statement. Presented by: LERETA. Here’s how home price appreciation impacts taxes – And what that means for servicers. year-over-year.

Sellers 488

Sellers Buyers Housing Market Real Estate 488

Housing Wire

DECEMBER 12, 2023

A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. 8, 2019, and the present. Sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation. The copycat commission lawsuits have made it to the West Coast.

Realtors 464

Realtors Sellers Real Estate Buyers 464

Housing Wire

DECEMBER 15, 2023

A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions. 13, 2019, and the present and the plaintiffs are demanding a jury trial.

Real Estate 491

Real Estate Realtors Realty Real Estate Agent 491