Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

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Real Estate Buyers Agents Sellers 475

Housing Wire

MAY 17, 2023

” Incenter Diligence’s due diligence team creates a tailored review scope for each buyer or seller based on factors such as seasoning, geography, performance, and other key portfolio attributes. “Buyers and sellers need a diligence firm that can customize reporting in a timely manner.

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Sellers Buyers Clients Technology 345

Sacramento Appraisal Blog

SEPTEMBER 9, 2022

Sellers have tended to be stuck in the past expecting the market to be hotter than it actually is right now. And some buyers are stuck in the future, […]. I love the original Back to the Future movie. Do you too? Well, I can’t help but think of today’s housing market compared to the film.

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Housing Market Sellers Buyers Marketing 385

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

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Housing Wire

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. Could we see new inventory from distressed sellers if we see a deep recession?

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Sellers Marketing Inventory Contracts 441

Real Estate News

JULY 28, 2023

The system of sellers funding commissions, which are then shared between seller and buyer agents, goes back more than 100 years. Is it time for a change?

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Sellers Buyers Agents 218

Housing Wire

JANUARY 2, 2024

Umpa sold his Ohio home with Redfin and his Maryland home with Compass , and the suit states that he “paid a substantial buyer-broker compensation,” in both transactions. Because this blanket offer must be made available to every buyer-broker using the MLS (i.e.,

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Sellers Brokerage Real Estate Realtors 394

Appraisal Buzz

AUGUST 10, 2021

The post Rocket Homes Launches Single-Platform for Buyers and Sellers appeared first on theMReport.com. The post Rocket Homes Launches Single-Platform for Buyers and Sellers appeared first on Appraisal Buzz.

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Sellers Buyers Appraisal 370

Housing Wire

MARCH 22, 2024

Based on NAR’s settlement, agents working with buyers will need a signed buyer representation agreement starting in mid-July, pending final court approval of the settlement. Bills Clarke said this is exactly how agents already work with sellers, so it shouldn’t be a big deal to implement buyer agreements into a business. “We

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Buyers Contracts Real Estate Agents 471

Inman

FEBRUARY 26, 2024

Learn how to boost your marketing by understanding today's home buyers and sellers, their motivations and desired home features.

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Sellers Buyers Marketing 171

Housing Wire

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. But with RateReduce Sell, sellers will be able secure a lower rate by buying down points permanently.

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Sellers Real Estate Agent Loan Officers Mortgage 415

Housing Wire

FEBRUARY 26, 2024

Last year at this time, we were seeing surprising home buyer demand with rates having fallen to the low 6s. We still see more sellers than last year. We are in the normal range with price reductions, meaning sellers are generally fine, generally getting their prices. More sellers with price cuts than a year ago.

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Sellers Inventory New Listings Contracts 420

Sacramento Appraisal Blog

JANUARY 30, 2024

That pretty much describes sellers. But in 2024 there’s a flicker of hope as sellers have thawed out just a bit. UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright […] The post Are sellers finally starting to thaw out? Any thoughts?

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Sellers Appraisal Marketing New Listings 364

Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

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Buyers Contracts Agents Realtors 366

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. If mortgage rates follow, that could bring another surge of buyers later this year.”

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Sellers Buyers Real Estate Inventory 394

Sacramento Appraisal Blog

MAY 2, 2023

Sellers have been sitting out of the housing market, and it’s made a massive difference in 2023 so far. UPCOMING (PUBLIC) SPEAKING GIGS: 5/4/23 Housing Market […] The post Sellers sitting out of the housing market & buyers getting concessions first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Sellers Housing Market Buyers Marketing 250

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. Because of this, a dated kitchen can turn buyers away and cause a house to sit on the market for longer.

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Home Improvement Real Estate Agent Sellers Real Estate 452

Housing Wire

JULY 17, 2023

With real estate inventory at a near-record low, buyers seeking a place to call home are facing stiff competition as bidding wars continue to be commonplace. It is critical that title professionals and our industry partners spread awareness about this type of fraud and educate buyers about the steps they should take to protect themselves.

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Sellers Real Estate Agent Real Estate Insurance 369

Housing Wire

APRIL 25, 2024

Buyers are really struggling.” Agents say they are also seeing a lot of appraisal gap clauses , inspection waivers and free leasebacks popping up in offers as buyers look to improve their chance of winning a house in the current market. But rising prices are not the only financial challenge buyers are having to contend with right now.

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Buyers Marketing Inventory Investors 389

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.

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Real Estate Sellers Real Estate Agent Tools 385

Housing Wire

OCTOBER 24, 2023

We have been the category leader in buyer nurture for many years now and we have been widely viewed by our customers as the best way to keep clients in an ecosystem that they have visibility and control over, but that was mainly around buyers. “It was a long time coming,” Andrew Flachner , RealScout’s co-founder and president, said. “We

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Sellers Home Value Client Relationships Agents 317

Real Estate News

MAY 17, 2023

A new survey by Opendoor found that a high percentage of home buyers and sellers are willing to make some concessions in order to close a deal.

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Sellers Buyers 224

Housing Wire

OCTOBER 19, 2023

1, REBNY rules will prevent the listing brokers from paying buyer agents and instead will require sellers to pay commissions directly. The rule will require listing agreements to clearly outline the seller’s offer of compensation to the buyer’s agent. Starting Jan.

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Sellers Agents Brokerage Real Estate 427

Housing Wire

MARCH 27, 2024

Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price. Concerns over the existing VA policies have been echoed among mortgage professionals.

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Buyers Real Estate Agent Inventory Real Estate 446

Housing Wire

JANUARY 11, 2023

And to close deals, sellers are increasingly coming to the table with concessions and rate buydowns. . According to industry watchers, sellers are attracting buyers to their homes through mortgage rate buydowns. In the third quarter of 2022 and the fourth quarter of 2021, sellers gave concessions in 30% of home sales.

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Sellers Mortgage Loan Officers Buyers 525

Housing Wire

JANUARY 10, 2023

of home sellers gave concessions to homebuyers in Q4 of 2022, through money for repairs and mortgage-rate buydowns. In Q3 of 2022 and Q4 of 2021, sellers gave concessions in 30% of home sales. Recently, one of Welborn’s buyers negotiated a $10,000 credit for a new roof and other repairs along with a lower asking price for the home.

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Sellers Real Estate Agent Buyers Mortgage 454

Real Estate News

MARCH 27, 2024

Brokerages and agents need to communicate exactly how they serve buyers, just as they do for sellers — and what value those services bring to clients.

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Buyers Agents Brokerage Sellers 238

Appraisal Buzz

JULY 6, 2021

The Urban Institute (UI) says it appears that the current sellers’ market is having a negative impact on government backed loans and the borrowers who need to use them. The post Sellers Are Rejecting FHA/VA Backed Offers; Buyers Passing Instead of Compromising appeared first on Appraisal Buzz.

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Sellers Buyers Government Inventory 370

Housing Wire

NOVEMBER 20, 2023

The Sitzer/Burnett trial out of Kansas City found the National Association of Realtors (NAR) guilty of conspiring to inflate agent commissions — sparking a debate over agent commission fees and the longstanding role of buyer agents in real estate transactions. But what happens if consumers pivot away from buyer agents altogether?

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Agents Buyers Real Estate Agent Loan Officers 404

Housing Wire

OCTOBER 5, 2021

home sellers received four or more offers on their home in 2021, according to Zillow’s latest consumer housing trends report. Typical sellers received two offers, which is the same as the past three years. Most sellers (74%) received at least one offer on their property that was all cash or did not include a financing contingency.

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Sellers Inspection Buyers Finance 545

Housing Wire

MARCH 8, 2021

The post Fannie Mae: buyer, seller confidence should rise soon appeared first on HousingWire. . “The sooner this can be successfully accomplished the sooner growth can accelerate, and our thought is that by mid-year vaccine distribution efforts will be well-established, allowing for a strong second half.”.

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Sellers Buyers Housing Market Mortgage 497

Appraisal Buzz

JULY 18, 2022

Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market. Increasing DOM is not necessarily correlated with decreasing prices, but it does mean buyers will have more choices and will be able to regain some bargaining power in negotiations. So, how do you comp in this market?

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Sellers Marketing Market Value Home Value 435

Real Estate News

APRIL 8, 2023

Even as falling interest rates have opened the door for more buyers, not enough sellers are listing, keeping inventory stubbornly low.

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Sellers Inventory Buyers 254

Appraisal Buzz

DECEMBER 30, 2021

The post Inflation Impeding Prospective Home Buyers and Sellers appeared first on theMReport.com. The post Inflation Impeding Prospective Home Buyers and Sellers appeared first on Appraisal Buzz.

Sellers 195

Sellers Buyers Appraisal 195

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

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Real Estate Agent Real Estate Buyers Agents 423

Housing Wire

NOVEMBER 9, 2020

Though prospective buyers revealed slight wariness in September, Fannie Mae reported buyer morale gained 6% in October, with 60% of respondents saying it is a good time to buy a home while those who believe it is a bad time fell to 35%. Compared to this time last year, the HPSI is still down 7.1 million Americans unemployed.

Housing Market 543

Housing Market Sellers Buyers Marketing 543

Appraisal Buzz

JULY 8, 2021

The post Buyers and Sellers Drifting Farther Apart; Lowest Rates in 5 Months appeared first on Appraisal Buzz. The index, based on the company’s monthly National Housing Survey, shows a growing difference in the number of consumers who hold one or another of those opinions. in May to 79.7 , but questions of.

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Sellers Buyers Appraisal 370