Listing Spark

FEBRUARY 6, 2023

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. As a seller, this can help to ensure that buyers have the actual cash they are claiming they have.

Contracts 36

Contracts Real Estate Sellers Buyers 36

Housing Wire

APRIL 18, 2023

However, there is an opportunity in the closing process for better integration between platforms to improve communication and sharing of documents between the brokerage, lender and closing company, each of which has its own process and technology, to relieve some of that stress.

Tools 311

Tools Sellers Technology Loan Officers 311

Will Springer Realtor

MAY 2, 2023

They have safeguards built in to written agreements such as a purchase contract on a home. These are known as contingencies, or conditions, that require the buyer or seller to take an action or possibly a non-action as part of the overall agreement. More on HOA documents.) Lenders also typically require a minimum 3.5%

Contracts 55

Contracts Buyers HOA Inspection 55

Birmingham Appraisal

FEBRUARY 28, 2023

Homeowners, Don’t Make These Appraisal Mistakes When Selling Your Home As a real estate appraiser, I have seen many mistakes that sellers make during the appraisal process. These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price.

Sellers 78

Sellers Real Estate Appraisal Appraisal Process 78

Listing Spark

DECEMBER 9, 2020

One of the most common questions we get from our home sellers at ListingSpark is “How do I determine what my closing costs are”? For this article, we are going to focus on the home seller closing costs we would typically see in Texas with a residential sale (commercial sales typically have a different set of fees).

Sellers 69

Sellers HOA Insurance Contracts 69

Lamacchia Realty

MAY 6, 2024

Their job is to make sure the sale from the seller to the buyer happens within the confines of the law, while also looking out for your best interests. Document Review and Preparation A real estate lawyer focuses on reviewing and creating important documents, especially the Purchase and Sales agreement.

Real Estate 70

Real Estate Legal Law Contracts 70

Empire Appraisal Group

JUNE 29, 2023

million homes in homeowners’ associations (HOAs), most of our members have helped prepare contracts that address issues associated with association rules. For example, both include room for a seller to disclose whether association approval is required. . – With over 1.5 million condominium units (condos) in Florida, and over 3.71

HOA 78

HOA Contracts Sellers Buyers 78

Listing Spark

OCTOBER 25, 2023

Selling your home can be an exciting and stressful time, especially when you choose to do it as a For Sale By Owner (FSBO) seller. While it may seem like the best approach to save money by avoiding commission fees, it’s essential to be aware of some of the pitfalls that FSBO sellers face when selling their home.

Sellers 36

Sellers Legal Real Estate Real Estate Agent 36

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 appraised value ends up matching or is higher than the contract price, the transaction can continue as planned. If it’s denied, buyers can also choose to walk away from the deal.

Inspection 424

Inspection Appraisal Buyers Appraisal Process 424

Housing Wire

APRIL 8, 2021

Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process. Another seller’s home may need repairs, and you put in your offer the need for a seller credit to pay for them.

Inspection 433

Inspection Sellers Buyers Tools 433

Housing Wire

MAY 23, 2023

In other words, independent mortgage banks (IMBs) acting as buyers in M&A deals are being asked to assume the future R&W liabilities for past loans sold to Fannie Mae by the seller should the seller, at some point, be unable to honor the terms of the contracts.

Buyers 364

Buyers Sellers Finance Contracts 364

Housing Wire

OCTOBER 3, 2023

This is a dramatic and peculiar stance, given that same company a couple of years ago launched a $1 million annual advertising campaign touting a 1% listing fee, but only if the seller turned into a buyer for them. Those details are clearly established in the listing agreement between your brokerage and the seller. Imagine that.

Agents 389

Agents Buyers Training Law 389

Housing Wire

SEPTEMBER 22, 2021

This is especially true in unconventional lending scenarios where more documentation may be required or borrowers have to jump through more hoops to show their income or employment history or verify their self-employed business earnings. Two-X Flex 1 Year – A loan that enables borrowers to qualify using only one year of income.

Finance 370

Finance Technology Lending Mortgage 370

Eppraisal

OCTOBER 23, 2023

The seller can reject your bid, make a counteroffer or accept your original proposal. Your response depends on how the seller replies. If the Seller Rejects Your Offer The seller may deny your home purchase offer for various reasons. You can say no to the counteroffer, accept it or propose new changes to the contract.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Housing Wire

DECEMBER 8, 2023

Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients. Help them write a winning offer Understand what the seller is desiring beyond the asking price. This also helps you level-set on their expectations for the homebuying process.

Clients 405

Clients Real Estate Inspection Buyers 405

GoForrmz

OCTOBER 26, 2022

From virtual tours to real estate apps, it now takes less time and effort to communicate between sellers and buyers. With GoFormz mobile forms, you can ditch the time-consuming paperwork and sign documents electronically. Buyers and sellers can be in completely different parts of the world and still access their contracts at any time!

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Housing Wire

APRIL 6, 2021

With others waiting in line behind her, the seller wouldn’t budge on price. For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. The seller decided to counter back multiple people at $445,000 + no contingencies. Sellers are surely getting greedy.”.

Appraisal 539

Appraisal Reconsideration of Value Real Estate Agent Sellers 539

Housing Wire

JUNE 9, 2022

That is typically accomplished through whole loan sales or private label securitizations along with hedging — such as the use of third-party forward contracts that allow for bulk loan sales at a future date at a predetermined rate. Yoon added that the new app also will “be built on the backside as blockchain-capable.”

Marketing 371

Marketing Contracts Technology Mortgage 371

Housing Wire

JANUARY 29, 2024

Further, their study found that 36% of sellers who worked with an agent found them through a referral by friends or family. You can then mention that at the end of working together, you’d be grateful if they could provide a helpful review you might share with other buyers or sellers who may be looking for an agent.

Real Estate 397

Real Estate Clients Real Estate Agent Agents 397

Lamacchia Realty

FEBRUARY 2, 2023

WHY YOU SHOULD USE A REAL ESTATE ATTORNEY TO SELL YOUR HOME As a home seller you may think you are saving money by not hiring an attorney to guide you through the legal aspects of your sale but in actuality, it could end up costing you more not to! Again, this is a legal document that needs to be done right!

Real Estate 77

Real Estate Sellers Legal Inspection 77

Will Springer Realtor

DECEMBER 5, 2023

Our state is at the forefront of improving a document that each buyer and seller receives near the start of the purchase and sale process, and for the first time, our industry will be required to have a contract with buyers. A significant change is coming to the residential real estate scene in Washington.

Law 62

Law Buyers Sellers Real Estate 62

McKissock

JULY 27, 2021

Many survey respondents emphasized the importance of making sure your work is as detailed and well-supported as possible—by means of careful comparable selection and analysis, thorough documentation, and clear explanation of why the available comps do not support the contract price. ” Thorough documentation.

Appraisal 109

Appraisal Contracts Clients Marketing 109

Raleigh Realty

MARCH 23, 2021

The question should I sell my home for sale by owner or without a Realtor® is likely one asked by every home seller with the thought of trying to save money. It's important to reverse engineer the sales process as a seller as you will want to understand who your target buyer is and that is likely someone working with a Realtor.

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Housing Wire

MAY 10, 2022

While it is well documented the homeownership gap by race in the U.S., Twenty-eight percent of the home buying market last month was all-cash buyers, and for every home that went under contract, sellers saw 4.8 NAR also released a second report in February: A Snapshot of Race and Home Buying in America.

Housing Market 422

Housing Market Realtors Buyers Inventory 422

Lamacchia Realty

JANUARY 18, 2022

Contingent is the status you’ll see on a listing once a seller accepts a buyer’s offer. Contracts written during the purchasing process often attempt to include all possible contingencies that may arise. Seller Repairs During the inspection and escrow process, you may find repairs that you don’t want to be responsible for.

Inspection 73

Inspection Sellers Buyers Realty 73

Eppraisal

JULY 19, 2022

Contract Review Whether you are a home buyer or a home seller, once you sign a contract it is time to hire a real estate attorney. Most real estate contracts call for a specific amount of time, typically five to 10 business days, for attorney review. This is to make sure that everything is in writing and is documented.

Real Estate 36

Real Estate Inspection Real Estate Agent Contracts 36

Birmingham Appraisal

AUGUST 23, 2023

The agent’s client (buyer or seller) can make an informed buying or selling decision and the appraiser’s client (bank) can make an informed lending decision. Creating Accurate Initial Expectations: Agents and appraisers collaborating early in the process help set accurate expectations for buyers and sellers.

Agents 82

Agents Appraisal Valuation Appraisal Process 82

Eppraisal

FEBRUARY 28, 2023

They have different impacts on both the buyer and the seller in a real estate deal. As homes have been selling with multiple offers and at record speeds over the past few years, home buyers have been watching home statuses carefully in case contracts fall through. Contingencies create risks for the home seller.

Inspection 36

Inspection Contracts Sellers Real Estate 36

Realtor

OCTOBER 16, 2023

“Even the mortgage lenders with splashy apps and websites still may need a phone call, manual document collection, or other time-consuming steps,” says Zhang. Listing agents are going to recommend their seller ask for shorter time periods for loan approval.” ” 10.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Birmingham Appraisal

JUNE 13, 2023

This can include a copy of the listing sheet, a list of recent improvements or upgrades, a plat map or survey, a floor plan, and any other relevant documents. If there are no comparable sales that support the contract price, this may result in a lower appraised value. Do provide a packet of information about the property.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Reconsideration of Value 78

D Fritz Appraisals

AUGUST 11, 2022

Get pre-approved for a mortgage to show the current owner/seller you can afford to finance the home. Make an official offer to purchase the property from the seller. If the seller likes the offer and accepts it, you and the seller (or the lawyers) prepare the contract. Both parties sign the contract.

Real Estate Agent 119

Real Estate Agent Inspection Real Estate Sellers 119

Lamacchia Realty

SEPTEMBER 20, 2023

EVERYTHING YOU NEED TO KNOW ABOUT CLOSING COST CREDITS Buyers , sellers , and sometimes even real estate agents get confused with how closing cost credits work. Closing cost credits doesn’t hurt the seller in any way. In fact, they help sellers because many buyers cannot buy without them. That is no longer allowed.

Sellers 61

Sellers Buyers Property Taxes Inspection 61

CA Realty Training

JULY 20, 2021

But, dealing with contracts and disclosures comes with the territory when you’re in escrow. Their priority is to keep the transaction in order and manage the documents. . Whether it’s the buyer or the seller, they are the principals in your real estate deal. . Transaction coordinators get their fees from the seller.

Real Estate Agent 69

Real Estate Agent Contracts Agents Real Estate 69

McKissock

JULY 19, 2022

Red Flags: The seller demands payment upfront. Lack of documentation. Hasty changes to terms and conditions of the housing contract. Sellers are often on a time crunch to get properties locked into a contract, which leaves little time to properly deal with the unexpected. The seller isn’t aware of the lawyer.

Real Estate 98

Real Estate Real Estate Agent Sellers Agents 98

McKissock

MAY 11, 2022

Before you log too many hours chauffeuring buyers from property to property, make sure they’re truly motivated to navigate the challenges of a hot sellers’ market —from competing with other buyers to committing to contracts that favor the seller. 1: They don’t say “I want to see what’s out there”.

Real Estate 77

Real Estate Clients Marketing Buyers 77

Listing Spark

APRIL 2, 2021

When reviewing the standard residential contract (called a 1-4 residential contract) plus numerous addendums, it can be difficult to unpack who pays for closing costs in Texas. Closing Costs for Sellers in Texas. Title Company Fees for Sellers. Buyer and Seller will each pay an escrow fee at closing.

HOA 36

HOA Sellers Insurance Contracts 36