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Pending legislation would end home inspection waivers in Massachusetts

Housing Wire

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Home Inspection. Have you budgeted for closing costs?

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5 ways to provide overwhelming value to buyer clients

Housing Wire

Present to your buyer clients just like you would in a listing presentation. Be one step ahead of the process once they’re under contract. Manage the inspection process so they don’t freak out over small items. Repeat, referral, lather, rinse and repeat. This is where being proactive matters. Overcommunicate.

Clients 362
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MBA wants tweaks to FHA’s second chance program

Housing Wire

In May , the administration, in a bid to increase housing supply, announced several additions to its CWCOT program, including an exclusive 30-day listing period for governmental entities, owner-occupant buyers, and nonprofits to bid on foreclosed, formerly FHA-insured properties. Presented by: Mortgage Coach.

Insurance 332
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The hybrid appraisal is here. Who benefits?

Housing Wire

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Presented by: Reggora.

Appraisal 401
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Doma expands platform to six new states

Housing Wire

In the next five-to-10 years he 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. Presented by: Doma. So, it’s like you put those things together and it’s like, what is the argument for having a human being go to a house and physically do an inspection.”.

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The 9 Essential Steps of a Real Estate Closing Process

Movoto

After an offer is accepted when buying a home , the sale will enter the under-contract phase leading up to the final real estate closing day. Here, we’ll quickly walk through the different steps from the beginning of the under-contract period through the final real estate closing day. What is a Real Estate Closing?