Will Springer Realtor

SEPTEMBER 26, 2023

To address ownership inequality, the state of Washington has introduced an innovative home-assistance fund for potential buyers who have been historically marginalized and restricted from ownership. is $255,000, compared with a renter’s average worth of about $6,300, according to 2019 data from the Federal Reserve. Beginning Jan.

Law 36

Law Buyers Government Contracts 36

Cornerstone

MAY 4, 2021

If you’re considering selling, your first step might be to begin looking into which remodeling projects may make your home more attractive to buyers. But before you sign any contracts, keep in mind that there’s something unique going on in today’s housing market. There aren’t enough houses to meet buyer demand. per household.

Renovations 41

Renovations Home Improvement Loan Officers Real Estate Agent 41

Will Springer Realtor

MAY 18, 2021

(This is an updated post from one originally published in January 2019.). One condition of a home purchase is for buyers to deliver earnest money by a certain date – or risk having the deal fall apart. Seattle/King County buyers typically make an earnest money deposit of 1%-3% of the purchase price. Now that’s being earnest!

Buyers 36

Buyers Sellers Real Estate Contracts 36

Appraisal Today

FEBRUARY 10, 2023

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on estate/trust appraisals and Fannie changesunusual homes, mortgage origination stats, etc. = The average contract interest rate for 15-year fixed-rate mortgages increased to 5.64

Appraisal 52

Appraisal Contracts Architecture Mortgage 52

Appraisal Today

SEPTEMBER 23, 2022

This doesn’t mean every property is worth $45,000 less, but it’s been clear buyers have been resisting paying higher prices.”. Will we see smaller homes more often as first-time buyers flood the market? Using recent September data, loan applications are below the levels in 2019 and still dropping. To be determined.

Appraisal 52

Appraisal Marketing Business Contracts 52

Will Springer Realtor

APRIL 10, 2024

Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M. This move, while aiming to “decouple” buyer and seller compensation, may inadvertently reduce transparency for consumers when reviewing home-sale listings.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Hood Homes Blog

SEPTEMBER 23, 2019

Updated 9/23/2019; Originally published 10/6/17. They also generally build homes whether they have buyers yet or not, meaning they may have some completed construction vacant, for sale, and ready to move in. These are probably the only option for cost-conscious buyers. The Three Types. Move-In Ready! Model Homes.

Construction 61

Construction Buyers Business Agents 61

Cornerstone

OCTOBER 26, 2021

In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. As CoreLogic’s Chief Appraiser Shawn Telford explains : “Recently, we observed buyers paying prices above listing price and higher than the market data available to appraisers can support. Get your questions answered now.

Sellers 57

Sellers Buyers Appraisal Loan Officers 57

Appraisal Today

JANUARY 26, 2024

NOTE: Please scroll down to read the other topics in this long blog post on forecasts for mortgage rates, a look back at the 80s a very similar mortgage market, appraising in a changing market, unusual homes, mortgage origination stats, etc. == A Redesigned $48.5M I always tell buyers to buy when no one else is buying.

Contracts 85

Contracts Appraisal Mortgage Inspection 85

Appraisal Today

MAY 26, 2023

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. From 2008 to 2019, Roberts fraudulently inflated the value of at least 18 different easements by violating industry norms and making false statements.

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

JULY 29, 2022

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on USPAP Update Mistakes on Bias, Real Estate Market analysis, the FED raises interest rates, unusual homes, mortgage origination stats, etc. Spiking housing supply & fewer buyers.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. The number of single-family homes going under contract (Pending sales) fell 8.7% on the Eastside. drop (542). in June), to 1.4

Sellers 60

Sellers Buyers New Listings Inventory 60

Hood Homes Blog

SEPTEMBER 23, 2019

Updated 9/23/2019; Originally published 4/9/2018. In the Contract. Usually, the listing agent uploads the seller’s disclosure to the MLS with the property listing so that it is immediately available to the buyer’s agent to send to the buyer. Texas Seller’s Disclosure Law. The Fort Hood Inspection.

Inspection 54

Inspection Sellers Agents Law 54

Will Springer Realtor

MAY 13, 2024

Sellers accused NAR and other defendants of unlawfully inflating compensation paid to agents to bring financially qualified buyers to homes.Potential members of the class action can send objections or comments about the settlement to the court. About three-quarters of the 459 residences are under contract with a target opening late this year.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

APRIL 9, 2024

That was highlighted by a 30% month-to-month gain in total home sales (single-family, townhome and condos combined) across the county in March and unseasonably low supply for buyers. Mortgage rates continue to be the focus of both sellers and buyers, waiting for something to give. since February and 9.8% If rates are at or below 6.5%

Marketing 60

Marketing Inventory Buyers Sellers 60

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Lamacchia Realty

DECEMBER 21, 2021

2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. Buyers were able to take advantage of a good fall market where rates were still low, despite some fall increases, and competition eased slightly compared to earlier in the year. 2021 – 6,025 2020 – 6,361 2019 – 5,528. year over year.

Sellers 65

Sellers Buyers Landlords Tenants 65

Appraisal Today

JUNE 24, 2022

Those topics are fodder for other lengthy blog posts all by themselves. To read more of this long blog post with many topics, click Read More Below!! What’s the difference between the Appraisal Today free weekly email newsletters in this blog and the paid monthly newsletter? Click here for more info! percent from 5.65

Appraisal 52

Appraisal Contracts Mortgage Real Estate 52

Appraisal Today

SEPTEMBER 1, 2023

NOTE: Please scroll down to read the other topics in this long blog post on MLS hacked, Wells Fargo discrimination, unusual homes, mortgage origination = $274K Bedford, Pennsylvania Mansion Comes With Its Own Jail Excerpts: 5 bedroom, 1.5+ The average contract interest rate for 15-year fixed-rate mortgages remained unchanged at 6.72

Appraisal 78

Appraisal Contracts Mortgage Real Estate 78

Will Springer Realtor

DECEMBER 14, 2021

Welcome to the fourth annual Living the Dream blog predictions and projections in real estate and beyond. Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. Mortgage applications are an early sign of buyer demand, which has been sharply higher in recent years amid lower rates.

Real Estate 69

Real Estate Buyers Construction Sellers 69

Will Springer Realtor

MARCH 14, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. This time last year, buyers were aggressively scooping up available homes before the predicted increase in mortgage interest rates.

Marketing 36

Marketing Buyers Inventory Sellers 36

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. This suggests homes – while far fewer for sale than in recent years – are quickly being scooped up by those few available buyers. from July and up a mere 0.7%

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

JULY 12, 2022

Higher mortgage rates raise costs for buyers planning to finance a home purchase. Buyers need to navigate those budget busters – such as a 6.2% Some are calling it the Great Deceleration – a welcomed relief for buyers. The good news is that the pool of buyers has more options on the market and less competition.

Housing Market 41

Housing Market Marketing Buyers Contracts 41

Will Springer Realtor

JULY 13, 2023

urban centers remain mostly higher than in 2019. The national office vacancy rate stands at 16% through March , up from 11% at the end of 2019 – just before life changed for you, me and the world. Check out my blog post on the topic. Home prices continued to confound buyers by climbing toward record highs as summer began.

Construction 36

Construction Supply Chain Real Estate Development 36

Will Springer Realtor

OCTOBER 11, 2023

King County acknowledged receiving a little under $1B in federal aid for homelessness and housing since 2019, yet the local homeless rate rose 14% this past year. This is the season when buyers can take advantage of homeowners wishing to sell before the holidays and who show a willingness to budge on price or make other concessions.

Law 36

Law Development Design Government 36

Will Springer Realtor

JUNE 13, 2023

Unfortunately for buyers, both figures – prices and rates – are climbing, raising the hurdle to homeownership even higher for many. The pandemic housing market was super-charged by historically low interest rates and buyers seeking more spacious properties amid global health fears. That share from 2000–2019 was an average of 13%.

Buyers 36

Buyers Inventory Construction Finance 36

Will Springer Realtor

JULY 11, 2023

Home prices continued to confound buyers by climbing toward record highs as summer began. The slippage in listings under contract – which is currently at the third-slowest annual pace this century (after 2008 and 2009) – is a barometer for future sales. However, that’s only up 7% year-on-year (YoY) and is half the level from June 2019.

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Portland Appraisal Blog

DECEMBER 1, 2019

Finally, the “CtL” label stands for “contract-to-list” ratio. As of this post date, there are more properties under contract than waiting for an offer. This column, while not as important as the first one, still yields important insights as to the direction of negotiations.

Contracts 78

Contracts Advertising Construction Marketing 78

Will Springer Realtor

FEBRUARY 14, 2023

From a macro perspective, the 2023 outlook for home buyers is the best it’s been for three years. Danielle Hale, chief economist for realtor.com, said: “There will be more homes for sale, homes will likely take longer to sell and buyers will not face the extreme competition that was commonplace over the past few years.”

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Housing Market Marketing Inventory Buyers 36

Quicken Loans

JUNE 10, 2021

And odds are it’s making things difficult for your buyers. Because April 2020 was in the teeth of the pandemic shutdowns, it’s more fair to look at April 2019. If you compare that to April 2019, the pace was only 673,000 sales. Meanwhile, traffic of prospective buyers walking through homes was down a single point to 73.

Real Estate 38

Real Estate Marketing Construction Clients 38

Will Springer Realtor

SEPTEMBER 8, 2021

It’s particularly true among homes priced at or below $500,000 in King County, where only 737 of those properties sold in August (36% fewer than in August 2019). The Institute outlined four ways innovative builders could accommodate the emerging buyer wants: Immersion into nature. This is one of the most popular topics on my blog.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

MARCH 14, 2022

Most home buyers focus on the direction of interest rates. off their 2022 high of 3.92% (the highest level since May 2019). To purchase a home, many buyers withdraw funds from stock and cryptocurrency markets as well as retirement accounts. There is so much at play – and at stake. Rates fall as money flows into Treasurys. “It’s

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Even stock investments, the source of many down payments for buyers, have taken a heavy blow. FOR FIRST-TIME BUYERS, NOW WHAT? Washington, D.C.,

Housing Market 36

Housing Market Marketing Inventory HOA 36

The Robert Weiler Company

NOVEMBER 10, 2021

If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. Sweet Deals Sell Fast: Increasingly, would-be industrial property buyers find that municipalities are looking to incentivize certain businesses while de-incentivizing others.

Real Estate 78

Real Estate Retail Investing Tenants 78

Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. 3-D PRINTED WHAT??

Real Estate 36

Real Estate Inventory Buyers Construction 36

Appraisal Today

MAY 27, 2022

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on VA appraisals, appraisal modernization, eliminate VA panel, unusual homes, mortgage origination stats, etc. It was listed for $1,575,000 in 2019, Usaj says. percent from 5.49

Construction 52

Construction Appraisal Modernization Contracts 52

Will Springer Realtor

NOVEMBER 10, 2023

Knowingly or not, associations can discriminate against potential home buyers by enforcing a community’s established rules that have the potential to limit people of certain classifications from purchasing a property. It’s working well for both builders and buyers. Buyers must qualify for the mortgage at the highest rate in the offer.

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HOA Buyers Law Supply Chain 36