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. Lenders also typically require a minimum 3.5% of the offer price for a down payment.)

Contracts 55

Contracts Buyers HOA Inspection 55

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Housing Wire

DECEMBER 15, 2021

The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%. decline in applications for government loans. For jumbo mortgage loans (greater than $548,250), rates decreased to 3.32% from 3.33% the week prior.

Inventory 409

Inventory Contracts Government Mortgage 409

Appraiserblogs

JANUARY 8, 2024

The seeming destruction of the appraisal profession by the federal government, GSEs and lending stakeholders is a collective action problem. Related Posts: Seller Filed a Racial Bias Complaint Against Me So what’s caused the sudden loss of income? Goliath’s strength is in his messaging. It is appraisers who are destroying the message.

Appraisal 129

Appraisal Valuation Lending Contracts 129

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. The lender claims actions by Katie Chikonde cost the lender millions of dollars.

Mortgage 370

Mortgage Marketing Retail Construction 370

Housing Wire

OCTOBER 19, 2022

The basic IMB business model is to originate federally backed mortgages including FHA, VA, government-sponsored enterprise (GSE). With homeownership affordability under pressure and mortgage rates and home prices rising, the report urged federal policy makers to refrain from taking actions that contract mortgage credit in this environment.

Mortgage 408

Mortgage Contracts Design Government 408

Housing Wire

JULY 19, 2022

Michael Loftin, CEO of Homewise , whose work revolves around sustainable homeownership, suggested HUD take a cue from the government-sponsored enterprises. Instead of mortgages, borrowers looking to finance more modest properties turn to land contracts, seller-financed mortgages, lease-purchase agreements, and personal property loans.

Mortgage 384

Mortgage Finance Lending Development 384

Housing Wire

OCTOBER 16, 2023

Not to mention the current mortgage rates at decades-high levels as well as sellers who are locked in with pandemic low rates. Editor’s note: There are conventional mortgage options with down payments as low as 3% and government-insured loans with a low- or no-down-payment requirement.) It never will be. I’ll explain later.)

Agents 410

Agents Buyers Sellers Inventory 410

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

Housing Wire

FEBRUARY 15, 2024

Benefits of owning and building equity Of the various DPA options available — including government-sponsored DPA programs, nonprofit-driven programs and employer-assisted programs — Federal Housing Administration (FHA) loans layered with a DPA benefit have grown in popularity. “A

Mortgage 450

Mortgage Buyers Loan Officers Sellers 450

Housing Wire

SEPTEMBER 7, 2023

Sellers want their listing broker to pay the buyer broker’s compensation because it will result in the most buyers being able to afford their house.” If the traditional practice of sellers paying for both sides of the agents ends, housing agencies will have to weigh in to determine ways for buyers to finance their agents’ comp, LOs noted.

Buyers 397

Buyers Agents Loan Officers Real Estate 397

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 384

Marketing Contracts Technology Mortgage 384

Housing Wire

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

Marketing 426

Marketing Mortgage Investors Sellers 426

Miller Samuel

JUNE 28, 2020

The days on market (DOM) metric is significant to sellers because they don’t want their home to be perceived as overpriced if it sits unsold too long. Sellers look at DOM too and become concerned when their listing sits too long relative to the competition, typically blaming the agent for not marketing the property enough.

Housing Market 221

Housing Market Marketing Real Estate Sellers 221

Housing Wire

OCTOBER 13, 2022

The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond. In short, the IMB industry will contract and reconfigure via failures, asset sales, mergers and acquisitions, according to Capasse’s forecast.

Mortgage 370

Mortgage Marketing Buyers Sellers 370

Housing Wire

DECEMBER 20, 2021

A $250 monthly child tax credit from the federal government for each child also helps the household. Governments and servicers were both quick to launch forbearance programs for over seven million mortgage borrowers during the pandemic, realizing the historic challenge borne out of the Covid-19 pandemic. But will end in December.

Mortgage 387

Mortgage Government Contracts Insurance 387

Realtor

APRIL 14, 2021

Some sellers are even receiving dozens of all-cash offers. This demonstrates to the seller that you want the home and are able to pay top dollar to get it. “In In this market, we are seeing a lot of appraisal gaps being written into contracts. Buyers all over the country are facing bidding wars after making an offer.

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. Who will buy these assets?

Marketing 384

Marketing Investing Mortgage Investors 384

Miller Samuel

FEBRUARY 12, 2019

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed).

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Eppraisal

FEBRUARY 7, 2023

First of all, sellers need to know who shops for vacant land, as noted above. Secondly, owners need to prepare the land just as a home seller needs to stage a house. Meanwhile, high-profile online presence is a must while offering seller financing is a plus. A good lawyer will see them coming.

Development 69

Development Sellers Legal Home Value 69

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 77

Appraisal Real Estate Real Estate Agent Contracts 77

Movoto

APRIL 29, 2024

They don’t set, they don’t set commissions, they don’t govern commissions, they don’t dictate commissions. Really NAR and part of their mission all along has been to protect and provide for the American home buyers and sellers. The local associations, for the most part, govern the MLSs.

Agents 36

Agents Sellers Realtors Buyers 36

Housing Wire

JANUARY 27, 2022

Even though the cap was suspended in September of 2021, the wheels were already set in motion for larger lenders, particularly nonbanks, to convert their agency loan-sale pipelines to favor swap transactions with government-sponsored enterprises (GSEs) Fannie and Freddie. You have to get a different kind of contract.

Mortgage 368

Mortgage Investors Finance Contracts 368

Eppraisal

DECEMBER 6, 2022

The problem for property sellers is that their sale might be a casualty of this tightening. In brief, recessions result in significant contraction of the workforce -- job losses are common during these downturns. Without the intense competition, sellers have to be more flexible in pricing.

Real Estate 69

Real Estate Marketing Home Value Realtors 69

Realtor

APRIL 14, 2021

Some sellers are even receiving dozens of all-cash offers. This demonstrates to the seller that you want the home and are able to pay top dollar to get it. “In In this market, we are seeing a lot of appraisal gaps being written into contracts. Buyers all over the country are facing bidding wars after making an offer.

Mortgage 78

Mortgage Real Estate Agent Buyers Real Estate 78

Eppraisal

JULY 21, 2023

Let's examine the current status of rent-to-own agreements and explore whether they remain a viable option for both buyers and sellers. As property prices soared in many regions, sellers are less inclined to offer rent-to-own options. One of the primary reasons for this decline is the revitalization of the housing market.

Real Estate 36

Real Estate Sellers Investors Finance 36

Eppraisal

JANUARY 31, 2023

Having identified a parcel of vacant land -- and negotiated a purchase contract with the seller -- the investor in raw land is now at the point where financing becomes the issue.  There The advantages of an all-cash deal are several: - Sellers are more open to a lower price with cash-only offers. Why does this matter?

Development 36

Development Finance Sellers Home Value 36

Housing Wire

JULY 12, 2022

Starting in July, the government-sponsored enterprise will allow remote inspections on some refinance loans it buys. The seller accepts it; they go into contract. After all, it wasn’t so long ago appraisers received assignments via fax machine. An agent does a floorplan scan when they make a listing. An offer comes in at 5 p.m.

Appraisal 410

Appraisal Inspection Real Estate Agent Training 410

Genworth MI Blog

AUGUST 31, 2022

Foster: With COVID-19, the government-sponsored enterprises (GSEs) enacted temporary allowances for flexibilities in appraisals and inspections. Similarly, buyers began waiving inspection contract contingencies, which give the buyer options for negotiating remedies or price with the seller if the inspection reveals major issues.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

Zillow

JULY 15, 2019

Closing : A one- to two-hour meeting during which ownership of a home is transferred from seller to buyer. A closing is usually attended by the buyer, the seller, both real estate agents and the lender. Closing escrow : The final and official transfer of property from seller to buyer and delivery of appropriate paperwork to each party.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

Hank Miller Team

JULY 12, 2023

During the pandemic, the government bought mortgage backed securities and artificially maintained those historically low interest rates. Fewer buyers, fewer contract and sales. Still a sellers market, just not as bonkers for buyers. Those sellers that aspirationally price marginal homes are not having much success.

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Housing Wire

MARCH 7, 2022

Absolutely, I will offer an NFT option to sellers within the next year,” said Richard Hopen, a Compass agent in Short Hills, New Jersey. The Gulfport seller, Heckler explained, created a limited liability company that held ownership of the home. Propy then guided the seller into minting the LLC as an NFT.

Real Estate 485

Real Estate Law Inspection Agents 485

Hank Miller Team

MAY 3, 2022

Does it matter though if we go from 6 days to 9 days for homes to go under contract? The Fed taking action pushed buyers off the fence in the first quarter and prices increased, of course sellers pushed higher as well. Are we returning to the normal "spring market" where listings in highly desirable school districts pour in?

Real Estate 52

Real Estate Marketing Buyers Inventory 52

Appraisal Today

JUNE 23, 2023

A home valued too low can deprive homeowners of access to their equity and limit the mobility of sellers. The models aren’t able to think like buyers and sellers. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.73 The problem? percent from 6.77

Appraisal 87

Appraisal Real Estate Valuation Contracts 87

Appraisal Today

APRIL 5, 2024

This is one of the appraisal discrimination cases that has received significant attention – among appraisers, the media and government agencies. The interior’s mechanicals have all been updated, but the sellers intentionally chose to leave much of the interior details alone to preserve its history. District Court, Maryland.

Appraisal 77

Appraisal Contracts Business Construction 77

Appraisal Today

JULY 1, 2022

2) Many sellers are distracted by hot headlines from the past. More Than 40% of Home Sellers Are Dropping Their Prices in Salt Lake City, Boise, Sacramento and Other Pandemic Hot Spots. All in all, about half of the metros in this analysis saw more than 25% of home sellers drop their asking price in May. June 28, 2022.

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

Housing Wire

FEBRUARY 7, 2024

1, 2023, the jointly development Uniform Property Dataset (UPD) for the government-sponsored enterprises (GSEs) became active and included a data standard for condos, according to the Selling Guide. This new dataset will replace our proprietary data standard on April 1, 2024.

Retail 443

Retail Project Management Insurance Landlords 443