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Opinion: More can be done to shorten the average time to close

Housing Wire

In fact, if you were to describe the home-buying experience solely upon the things we see in advertisements, the home-buying process would end with the sales contract, and all parties would merrily proceed directly to the handing over of the keys. There’s an entire industry built upon the “what’s next” in question.

HOA 408
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Opinion: More should be done to shorten the average time to close

Housing Wire

In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing over of the keys. There’s an entire industry built upon the “What’s next?” in question. But there’s also room for improvement.

HOA 395
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MISMO searches for participants for closing initiative

Housing Wire

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. This frequently results in delayed document review and general inefficiencies in pre-closing procedures.

Insurance 303
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In the race to modernize title, firms double down on software

Housing Wire

In the next five-to-10 years, Doma CEO Max Simkoff wants to make it possible for a homebuyer to sign a contract on their new home on a Friday evening and move in on a Monday morning. As title insurers our business practices and our regulatory oversight are different in every single state,” Stone said. “So

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Thinking of selling your real estate brokerage? Here’s how to prepare

Housing Wire

This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract.

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“It’s ridiculous”: Real estate industry opposes newly proposed cash-deal reporting rules

Housing Wire

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

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Real Estate Sales Agreements: Understanding Your Contract

Movoto

After submitting an offer on a home you plan to purchase, a few things might happen – once an offer is accepted (typically, after negotiations but not always), real estate sales agreements come into effect between buyers and sellers. Should the buyer breach the contract (e.g., Title and Insurance. Parties Involved.