Appraisal Buzz

JANUARY 7, 2025

presidential race between two candidates with opposing economic and housing agendas, many buyers and sellers have adopted a wait-and-see strategy this year. Economic and political uncertainty: Amidst concerns about a potential recession and a fiercely contested U.S.

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Property Taxes Real Estate Agent Mortgage Agents 365

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.

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Real Estate Clients Tools Sellers 397

Housing Wire

OCTOBER 21, 2024

Yet ‘renting by choice’ is also on the rise as it offers flexibility, less financial commitment, and freedom from the burdens of property taxes, maintenance, and insurance. Inventory is low, keeping prices elevated and turning what should be a seller’s market into an increasingly inaccessible one for many buyers.

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Real Estate Marketing Insurance Property Taxes 493

Housing Wire

SEPTEMBER 24, 2024

The anticipation of lower mortgage rates has frozen many buyers who think they can get a better deal if they wait a few months, not to mention sellers who are loath to give up mortgages in the 3% range. Property taxes are another factor that is slowing things down.

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Housing Market Marketing Property Taxes Inventory 459

Housing Wire

SEPTEMBER 20, 2024

Attom said that flippers have struggled in comparison to other types of sellers in recent years because they’ve exhibited an “unusual pattern” of timing the market poorly. The string of profit-margin gains could be a signal that flippers are beginning to self-correct. The report comes with a few caveats. The typical margin of 30.4%

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Property Taxes Renovations Investors Sellers 459

Housing Wire

JANUARY 29, 2021

Why is this a good thing for sellers, you ask? This means, home prices will rise and sellers will walk away with a good chunk of change. . Keep in mind though, a great deal of money goes into buying a new house (regardless of the property type). Low-interest rates are great for potential buyers. The costs add up quickly.

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Property Taxes Sellers Insurance Mortgage 482

Housing Wire

MAY 28, 2024

” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. In May 2023, the subsidiary launched a new digital MSR exchange , known as eMSR Exchange, which connects buyers and sellers of co-issue flow offerings online and provides 24/7 pricing.

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Housing Wire

JUNE 25, 2024

But Altos data also shows that a large share of homes (36.9%) include cuts to the original list price, a sign that inventory is rising and sellers are having a more difficult time locating a buyer. Slightly more inventory and weaker demand mean price reductions climb and more sellers each week that have to cut their asking prices.

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Mortgage Marketing Property Taxes Sellers 418

Appraisal Buzz

JULY 22, 2024

Auction.com’s latest Seller Insights report reveals that leaders in the default servicing sector are anticipating a controlled economic descent, with gradual increases in foreclosure rates despite sustained high interest rates.

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Property Taxes Insurance Government Sellers 389

Housing Wire

JULY 12, 2024

A survey of mortgage default servicing leaders revealed that foreclosures are expected to rise slowly during the second half of 2024, while ample amounts of home equity should keep many properties in loss mitigation from moving into foreclosure status.

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Property Taxes Mortgage Insurance Government 488

Housing Wire

MAY 18, 2021

The trend is reversed in high-tax states, where an average of 2.5 states from 2013 to 2020, correlated with rates of sales tax, income tax and property tax in 2020. ” Nevada , Florida, South Carolina and Texas top the list of low-tax states attracting new residents.

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Real Estate Property Taxes Agents Buyers 459

Housing Wire

JUNE 9, 2021

This allows for a more objective analysis and better compliance, and often translates to a more efficient process with faster turn times, which allows buyers and sellers to transfer real property more cost effectively and with confidence. HW: What are some of the current challenges regarding property tax assessment?

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Appraisal Property Taxes Valuation Technology 418

Housing Wire

DECEMBER 22, 2020

It shows the seller you’re serious about their property, and usually amounts to about 2% of the home price. If you back out of the deal, the seller gets to keep it. If you back out of the deal, the seller gets to keep it. Earnest money is essentially a deposit you put down on a house you’re interested in.

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Mortgage Property Taxes Loan Officers Sellers 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.

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Contracts Investors Sellers Lending 367

Housing Wire

MARCH 1, 2024

A homeowner’s largest life-of-loan costs are property taxes and recording fees ($29,675), fees paid to the mortgage-backed security (MBS) investor ($28,779), fees paid to the lender ($14,026), homeowner’s insurance ($9,279) and GSE fees (7,705).

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Insurance Property Taxes Real Estate Sellers 467

Housing Wire

MAY 21, 2024

While these online tools aren’t a definitive statement of a home’s value, they can be a great starting point, especially when combined with other data like a home’s list price, square footage, number of bedrooms and baths, property tax history, and any price reductions.

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Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. If the seller is eager to sell the property, they might lower the listing price to match the appraisal. On the other hand, the seller might disagree with the appraisal and refuse to negotiate.

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Inspection Appraisal Appraisal Process Buyers 459

Housing Wire

OCTOBER 27, 2023

Sellers get access to the largest pool of buyers and the chance to sell their home for 35% more on average than for sale by owner. Real estate agents know city and county property taxes. They decipher public property information. These local MLS broker marketplaces work in favor of consumers every day.

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Real Estate Agent Real Estate Realtors Buyers 488

Housing Wire

JUNE 28, 2024

They cure defects in the chain of title that could jeopardize a new homebuyer’s dream, collect $3 billion annually in unpaid federal and property taxes and child support as well as rectify other liens that might not otherwise be found. They also combat fraud schemes, like wire and seller impersonation fraud.

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Insurance Property Taxes Sellers Development 397

Realvals

FEBRUARY 10, 2025

For example, in many states, property tax assessments and sale prices are often part of the public record. These details can give a general idea of a property’s value, but they don’t provide the same level of detail as a professional appraisal. But some property info is public.

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Appraisal Property Taxes Real Estate Market Value 78

Realtor

MAY 17, 2023

As a seller, here’s what you need to know about the settlement process. Once the contract has been signed, a seller can’t renegotiate the price higher. Negotiating a settlement date Buyers and sellers typically negotiate a settlement date that is mutually agreeable.

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Sellers Inspection Contracts Property Taxes 142

Housing Wire

JULY 10, 2024

Seller / Buyer/ Balanced). Prepare a pricing strategy Many sellers think they understand pricing as well as you do. It’s important to do your research and determine the selling price of the property yourself. Pricing properties is not an exact science, but there are pricing strategies you can apply to help get you there.

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Sellers Real Estate Agents Clients 435

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. 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. “As If it’s not moving, change the pricing so it does move.

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Housing Market Renovations Marketing Retail 397

Appraisal Buzz

JULY 23, 2024

I don’t want my buyers to be surprised by all of the expenses that come with owning a home in Florida, so I advise them to proactively research the hefty costs of insurance, property taxes and HOA fees, in addition to the cost of their mortgage payment.” That is somewhat less than the record high of 21.7% a year earlier.

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Housing Wire

AUGUST 24, 2023

However, persistently high mortgage rates pose a significant affordability challenge to buyers and sellers (not to mention the workers of a trillion dollar-plus industry). At today’s rate, the monthly cost to purchase a home totals about $2,400, not including property taxes and insurance, a 17% increase from a year ago.

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Mortgage Property Taxes Investors Buyers 370

Housing Wire

JULY 18, 2023

Financial incentives, like reducing transfer taxes for home sellers and subsidizing major moves with tax breaks, would also add to supply.” Historically, California’s tax laws have incentivized homeowners to stay put by limiting property-tax increases.

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Inventory Property Taxes Buyers Modernization 370

Birmingham Appraisal

DECEMBER 17, 2024

Whether youre representing a seller or assisting a buyer, the more accurate and complete the information you provide, the smoother the process will be. Tip for Agents: If a survey isnt readily available, check with the seller or their title company. Always confirm that the survey reflects the propertys current configuration.

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Appraisal Easement Real Estate Agent Valuation 76

Lamacchia Realty

MAY 13, 2022

HIGHEST AND LOWEST PROPERTY TAX RATES IN GREATER BOSTON. The average single-family property tax bill in Massachusetts in 2022 is $6,719, up $347 from the previous year, according to a recent report conducted by the Division of Local Services, Massachusetts Department of Revenue. Seller Resources. Acton 12,950 19.45

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Property Taxes Home Value Buyers Realty 74

Housing Wire

MAY 25, 2023

The big difference is that monthly mortgage payments are optional so long as the borrower continues to maintain the home and pay their property taxes and insurance,” Cooper said. The customer would bring roughly 60-65% to the table and the reverse mortgage lender would provide the other 35-40% for the transaction.

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Loan Officers Real Estate Agent Real Estate Finance 418

Appraisal Buzz

OCTOBER 3, 2024

Presidential race between two candidates with diametrically opposed economic and housing policies, many buyers and sellers have adopted a wait-and-see attitude. Economic and political uncertainty: This year, with concerns of a potential recession and an intense U.S.

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HOA Property Taxes Advertising Real Estate Agent 397

Housing Wire

FEBRUARY 9, 2024

If you target luxury buyers and sellers, it’s worth considering this investment, which also comes with the ability to choose a DIY or done-for-you build-out. It gives you a “first mover advantage”, providing robust follow-up tools that help you nurture potential seller clients with ease.

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Real Estate Tools Marketing Real Estate Agent 476

Cleveland Appraisal Blog

JULY 20, 2022

As an aside, more than once in recent times, buyers have contacted me about helping them to lower their property taxes. Buyers take power from sellers. Some buyers know that they are going to have to pay more than the market value to win the bid. Part 3: Fixing an Appraiser Excess? – George Dell’s Analog Blog.

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Appraisal Market Value Contracts Buyers 405

Housing Wire

FEBRUARY 10, 2025

How many properties are in the neighborhood? Why is the seller moving? The system you use to segment your leads is essentially a personal preference, but make sure you are at least segmenting by: Buyer or seller Timeframe for moving Budget Personal information from your conversation (occupation, spouses name, biographical details, etc.)

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Open Houses Agents Real Estate Property Taxes 296

Birmingham Appraisal

FEBRUARY 11, 2025

If an agent relies on incorrect tax records, they may overprice or underprice the home, leading to: Overpricing: If the homes actual square footage is smaller than reported, buyers may not see the value, leading to fewer offers and a longer time on the market. Disputing property tax assessments. Pricing a home using a CMA.

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Appraisal Real Estate Agent Real Estate Agents 68

BiggerPockets

MARCH 25, 2024

Owner financing offers buyers and sellers more opportunities with real estate transactions. Before entering this type of transaction, it’s important to know what owner financing is, how it works, who benefits, and who pays property taxes on owner financing.

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Finance Property Taxes Real Estate Sellers 91

Housing Wire

APRIL 27, 2023

By “renovating thousands of homes” absent obtaining building permits, pleadings in the case allege, Invitation Homes was able to “avoid revaluations that would have happened if permits were obtained, thus evading increased property taxes on improved properties.”

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Renovations Investing Real Estate Marketing 395

Appraisal Buzz

JUNE 10, 2024

Save valuable time for your team members and control reputational risk by providing education about escrow account changes—this is especially important as property taxes and insurance rise in this cycle. The Cost of Status Quo vs. the Future of Servicing Sagent is making the choice for seller/servicers increasingly clear.

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