Will Springer Realtor

NOVEMBER 12, 2021

And one solution to this worsening issue is an examination of our restrictive zoning laws in urban areas. In a review of 45 years’ data, a 2019 study claims adverse zoning laws wiped out 36% of potential economic growth and negatively affected each worker by more than $8700 in annual wages. Zoning] dictates our economy.

Law 36

Law Inventory Real Estate Government 36

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

Appraisal Today

FEBRUARY 9, 2024

An Inside Look at E&O By Peter Christensen Excerpts: There is no law requiring that real estate appraisers must have professional liability insurance – or E&O insurance as it is often called – except in one state. Common fears are that their insurer will increase their premium or decline to renew their policy.

Appraisal 80

Appraisal Contracts Insurance Construction 80

The Robert Weiler Company

OCTOBER 15, 2021

Another mistake – perhaps one of the more obvious (and, consequently, most detrimental) mistakes – is contracting the commercial property for sale in your personal name. As such, investors must verify the seller, financials, and property obligations (i.e., retirement accounts) can be included as fair game in a lawsuit.

Investing 138

Investing Real Estate Tenants Investors 138

Housing Wire

DECEMBER 20, 2021

The recent experience with state distribution of rental assistance and unemployment insurance is perhaps a preview of the challenges ahead. States, overwhelmed with claims and understaffed, also had problems paying unemployment insurance. Up to the task? Ron DeSantis wrote in a letter to the DEO on Oct. 15 recognizing the problem.

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Mortgage Government Contracts Insurance 314

Appraisal Today

JUNE 2, 2023

Federal law, FNMA/FHLMC guidelines and USPAP all point to a solution. Solutions to Keep You Safe Make sure you have a complete signed purchase contract. In the appraisal, list how many pages of the contract you have in your possession (In case someone is hiding pages from you). Home sellers gave concessions to buyers in 42.9%

Appraisal 52

Appraisal Contracts Real Estate Agent Sellers 52

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

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Renovations Investing Real Estate Marketing 273

Will Springer Realtor

MARCH 1, 2022

Sellers generally receive multiple offers, with at least a few without a home inspection contingency. Assuming the seller has not shared an inspection report , here are four options for buyers to consider: Request a pre-offer inspection. Seller disclosure must be truthful and transparent.

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Inspection Buyers Sellers Real Estate 36

McKissock

SEPTEMBER 20, 2021

Keep reading to learn how to improve real estate risk management, and avoid getting into trouble with the law, by putting your clients’ interests first. This Case Interpretation of Article 7 involves an undisclosed dual agency, where the listing agent accepted compensation from the seller and buyer without disclosing it to the seller.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

PennyMac

JUNE 28, 2022

Throughout the process of buying a home, many professionals have contributed important services, and both buyers and sellers will need to pay fees for that before the property can be officially sold. Closing costs can apply to both the buyer and seller. Down payments of 10–24.99%—sellers can contribute 6% of closing costs.

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Insurance Property Taxes Sellers Inspection 36

Appraisal Today

JUNE 23, 2023

Attorney Peter Christensen, general counsel at the Christensen Law Firm in Bozeman, Montana, notes that lawsuits against individual residential appraisers, or small residential AMCs, are fairly rare, and successful suits rarer still. A home valued too low can deprive homeowners of access to their equity and limit the mobility of sellers.

Appraisal 86

Appraisal Real Estate Valuation Contracts 86

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Listing Spark

DECEMBER 15, 2022

It usually involves wrapping the existing mortgage and obtaining title insurance from a title company. When doing a wrap, the hardest part is getting insurance in order to satisfy due on sale calls. If you’re doing a wrap, the number one thing is insurance. We’re seller direct. Key takeaways. [00:03:41]

Finance 36

Finance Investing Real Estate Lending 36

Birmingham Appraisal

SEPTEMBER 15, 2022

Other nontraditional uses for an appraisal include valuation for insurance companies, helping sellers arrive at a market value to list their home, estate planning, and tax appeals. Other users might be sellers, mortgage underwriting, banks, and contractors. What If The Appraisal Is Less Than The Contract?

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Appraisal Inspection Appraisal Process Real Estate Agent 93

Will Springer Realtor

DECEMBER 19, 2023

Buyers and sellers tiptoed through caution. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises. “Pent-up sellers cannot wait any longer. Um, bye-bye!

Real Estate 68

Real Estate Buyers Sellers Inventory 68

PennyMac

APRIL 2, 2020

By law, you’re entitled to one free credit check per year , per reporting agency, so obtaining your current score should be the first step in the home buying process. Plus, some sellers will only consider offers from buyers who are pre-approved, so it’s best to set yourself up for success with this easy move.

Real Estate Agent 36

Real Estate Agent Inspection Sellers Real Estate 36

The Robert Weiler Company

NOVEMBER 10, 2021

If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. Less Onerous Insurance Policies: While it’s valid that multifamily properties have more to insure, often, these policies are easier to read and manage.

Real Estate 78

Real Estate Retail Investing Tenants 78

The Robert Weiler Company

OCTOBER 21, 2022

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. You may need a commercial valuation for many reasons.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Will Springer Realtor

FEBRUARY 9, 2022

We covered this topic of “missing middle” housing last month , and state legislators appear serious about enacting laws that will encourage more building of high-density homes in urban, transit-friendly areas of the state. HB 1951 would remove “Don’t Know” from the Seller Disclosure Statement that owners complete with the sale of a home.

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Buyers Law Inventory Development 36

Will Springer Realtor

JULY 13, 2023

Zoning restrictions, strict building code regulations, NIMBYism and onerous environmental laws have damaged the flow of new housing. Builders also remain cautious about condominium construction liability which can keep many insurance companies from writing building-defect policies. fourth-floor home for $1.72M ($1387/sq. of waterfront.

Construction 36

Construction Supply Chain Real Estate Development 36

Will Springer Realtor

MAY 12, 2021

An insurance company offered a good example of just how bad it has gotten. They range from restrictive zoning (NIMBY) laws, the high cost of building in an urban area and a depleted labor force. The law (once signed by the governor) will lift limits on the number of unrelated people living in an ADU. APRIL HOUSING UPDATE. “I

Real Estate 36

Real Estate Inventory Buyers Construction 36

Quicken Loans

APRIL 12, 2021

Or, if there is an escrow shortage due to a rise in property taxes or insurance premiums, the escrow payment will increase. And since property taxes and homeowners insurance are typically paid through the monthly mortgage payment, the monthly payment will rise as well. Buying a Home in Foreclosure or an REO Property.

Inspection 54

Inspection Property Taxes Mortgage Investors 54

Will Springer Realtor

AUGUST 9, 2022

Most zoning laws grant units up to 1000 sq. Also known as a mother-in-law or cottage, the dwellings can offer viable housing to younger buyers seeking to save for their first home or enable seniors to age within a familiar neighborhood. The Federal Emergency Management Agency estimates that 13M people in the U.S. – year-on-year (YoY).

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

JANUARY 7, 2022

After a cooling off period to enjoy the holidays and avoid severe weather, buyers were back on the prowl for a new home as sellers prepped their properties for the seasonal rush. Buyers will continue to outstrip sellers but with slightly less intensity than in recent years. Scott Real Estate. “If In addition to King County’s 1.2%

Construction 36

Construction Real Estate Inventory Buyers 36