Housing Wire

AUGUST 18, 2023

Not prequalifying is unprofessional and can waste your time and the sellers. Don’t lose the listing of a motivated, have-to-sell seller over price. Try saying the following when the seller requests a list price that is too high: “That’s interesting, ‘seller.’ Always prequalify, 100% of the time!

Sellers 363

Sellers Construction Real Estate Finance 363

Housing Wire

FEBRUARY 20, 2024

The legislation generally prohibits a residential home seller from (1) conditioning the sale on the potential buyer waiving or limiting an inspection; or (2) accepting an offer if they have been informed in advance that the prospective buyer intends to waive their right to an inspection,” the Connecticut research report states. “And

Inspection 396

Inspection Real Estate Agent Real Estate Insurance 396

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

San Jose Real Estate

JANUARY 3, 2022

If you are buying or selling a home in Silicon Valley today, you may be considering including the option to have a “seller rent back” after close of escrow. This is often referred to as “seller in possession after close of escrow” (often shortened to SIP) or “seller occupancy after sale” […].

Sellers 62

Sellers Contracts 62

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them.

Contracts 52

Contracts Appraisal HOA Architecture 52

San Jose Real Estate

APRIL 20, 2023

If you are buying or selling a home in Silicon Valley today, you may be considering including the option to have a seller rent back after closing. A rent back refers to the seller staying in possession of the home after it’s been sold to the […] What does this mean? What is a rent back?

Sellers 36

Sellers Contracts 36

Housing Wire

NOVEMBER 3, 2023

Right now, the first suit to go to trial should be the Sitzer lawsuit (named after its lead plaintiff), which was scheduled to begin on February 21, 2023, but at the request of Anywhere (referred to as Realogy in all court filings), it has been postponed indefinitely, as reported by Real Estate Reporter Brooklee Han. Judge Stephen R.

Real Estate 305

Real Estate Brokerage Buyers Property Management 305

Housing Wire

FEBRUARY 15, 2024

In a lot of cases, the seller is not going to wait 45 to 60 days when they have an offer on a 30-day contract,” said Adrian Gastelum, a senior vice president and branch manager at Nova Home Loans. In addition, homebuyers might have to deal with sellers who are reluctant to sell their homes to DPA borrowers.

Mortgage 441

Mortgage Buyers Loan Officers Sellers 441

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

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. This agreement is a binding contract that outlines the rights and obligations of the buyer and seller during the whole buying process. When Do I Need an Attorney?

Real Estate 70

Real Estate Legal Law Contracts 70

Eppraisal

DECEMBER 23, 2022

We'll now dissect the entire real estate transaction from the perspective of the seller. If a buyer calls you directly or knocks on your door, refer them to your listing agent. Inspection Period After the contract is signed and delivered to all parties, it becomes a fully executed contract.

Real Estate 36

Real Estate Sellers Inspection Contracts 36

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

McKissock

JULY 26, 2022

Requests to sellers to pay closing costs. Regardless of the strengths and weaknesses of the competing offers, the seller can only negotiate one offer at a time until there is a binding contract. There can be situations in a strong sellers’ market where more than one offer is received at the same time. Closing dates.

Real Estate 81

Real Estate Counter Offer Buyers Inspection 81

McKissock

JULY 19, 2022

Red Flags: The seller demands payment upfront. 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. Red flags: A lawyer reaches out independent of the seller.

Real Estate 98

Real Estate Real Estate Agent Sellers Agents 98

Lamacchia Realty

JANUARY 18, 2022

Contingent is the status you’ll see on a listing once a seller accepts a buyer’s offer. Contingencies refer to unforeseen possibilities in the future that can affect the value of a home and the purchase process. Contingencies refer to unforeseen possibilities in the future that can affect the value of a home and the purchase process.

Inspection 73

Inspection Sellers Buyers Realty 73

Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. Earnest money is sometimes referred to as a "good-faith" deposit. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money.

Contracts 36

Contracts Real Estate Agent Sellers Real Estate 36

Lamacchia Realty

MAY 18, 2021

This means negotiating the terms of contracts, closing costs, home inspections, and so much more. Review References. When you go to an interview, your potential employer asks for references from past jobs to get a better idea of what they can expect if they hire you. Seller Resources. Additional Resources. Read More ».

Real Estate Agent 59

Real Estate Agent Real Estate Agents Realty 59

Lamacchia Realty

JULY 6, 2022

People will often see “broom clean condition” on real estate contracts and rental leases but are unsure about what it means. While it obviously refers to how clean you should leave your home or apartment for its next tenants, exactly how clean is broom condition clean? What “Broom Clean” Means for Sellers. Seller Resources.

Landlords 59

Landlords Tenants Decorating Contracts 59

Eppraisal

FEBRUARY 17, 2023

The average consumer may not know the difference between the two, however, home buyers and sellers need to know. These are often referred to as "comps." " All in all, a CMA is performed by a real estate agent for a home seller or a home buyer. However, they have different places in the real estate transaction.

Appraisal 36

Appraisal Real Estate Agent Marketing Real Estate 36

Eppraisal

SEPTEMBER 22, 2023

Client References and Reviews Request references from the agents you are considering. In addition to personal references, check online reviews and ratings on platforms like Google, Zillow, or Realtor.com. Contract and Fees Before making a final decision, review the contract and fee structure with the agent.

Agents 36

Agents Real Estate Agent Real Estate Contracts 36

Housing Wire

AUGUST 23, 2023

When asked how relevant this business will be, Garg refers to Amazon , a company that drives two-thirds of its sales from third-party sellers. “We Better wants to sell this platform to other companies, becoming a “mortgage-as-a-service” company or a white-label provider of mortgage tech, Garg said.

Realtors 363

Realtors Technology Insurance Mortgage 363

Eppraisal

DECEMBER 20, 2022

Whether you are a home buyer or seller, the real estate transaction can sometimes be tricky to navigate. The Multiple Listing Service Most real estate agents are members of a local listing service referred to as the multiple listing service (MLS). Be prepared to negotiate with the sellers to make the final contract a win-win.

Real Estate 36

Real Estate Buyers Inspection Real Estate Agent 36

Housing Wire

JANUARY 10, 2024

SmartZip primarily benefits experienced listing agents, yet any agent willing to nurture seller leads can thrive with this platform. Armed with this data, agents can streamline their outreach efforts and focus on sellers who are ready for their services.

Real Estate 347

Real Estate Real Estate Agent Tools Agents 347

Annarbor Appraisal

FEBRUARY 26, 2021

Contract to listing ratio is the number of houses that are showing under contract compared to the total number of listings, and although it is showing a sellers’ market in Ann Arbor, is not showing an overwhelming one. Please feel free to share, debate with me, whatever.

Realtors 78

Realtors Contracts Construction Marketing 78

Boston Appraisal

DECEMBER 11, 2023

The appraisal process is important for homeowners, buyers and sellers. For example, you can provide a copy of the sales contract, a list of recent improvements and their costs, a survey or plat map, a floor plan, deeds, a title report, or a homeowner association’s agreement.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Easement 78

Birmingham Appraisal

SEPTEMBER 26, 2023

Some people will say that it is market value because you have a willing buyer and a willing seller. Outlier sales refer to property transactions that significantly deviate from the typical or median sales price within a particular market area. For sellers, this can be appealing, as it may justify a higher asking price.

Real Estate Agent 86

Real Estate Agent Real Estate Clients Agents 86

Appraisal Today

JANUARY 26, 2024

However, new construction back then really struggled, but today in light of so many sellers sitting in the existing market, builders have been thriving. And yes, the “oops” mention is a Britney Spears reference. Slow market with 100% seller financing. The average contract interest rate for 5/1 ARMs increased to 6.22

Contracts 85

Contracts Appraisal Mortgage Inspection 85

Appraisal Today

JULY 1, 2023

Reference Guides for the Restricted Appraisal Update Report and Completion Report to provide guidance on entering information and how it will be displayed. For purposes of this monograph, please assume the standard Fannie Mae definition (here by reference). The average contract interest rate for 5/1 ARMs increased to 6.28

Appraisal 86

Appraisal Contracts Market Value Mortgage 86

Listing Spark

OCTOBER 9, 2023

In this blog post, we’ll explore the typical experience of a For Sale By Owner seller and provide insights into what you can expect when listing your property. For Sale By Owner refers to the process of selling a home without the involvement of a real estate agent or broker. Buyers appreciate proactive and attentive sellers.

Real Estate Agent 36

Real Estate Agent Legal Real Estate Agents 36

Lamacchia Realty

FEBRUARY 21, 2023

An error rate refers to the frequency or proportion of errors in a set of data. In a world where buyers and sellers are already skeptical of real estate agents, Zillow only makes things harder for them, therefore causing conflict and distrust. This decision led to many buyers and sellers questioning the reliability of Zestimates.

Real Estate Agent 73

Real Estate Agent Real Estate Sellers Realtors 73

Housing Wire

NOVEMBER 30, 2023

In addition to online courses, students appreciate that the prelicensing course comes with a complimentary physical textbook to read, highlight, and reference. Covers real estate math, concepts, brokerage, real property, contracts, appraisal, updated TILA/RESPA information & more. Self-paced. 15 of required 75 hrs.

Real Estate 400

Real Estate Realtors Real Estate Agent Law 400

Genworth MI Blog

AUGUST 31, 2022

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. They are required to refer concerns impacting livability, soundness and/or structural integrity to a more qualified expert for further assessment.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

Raleigh Realty

AUGUST 27, 2021

It lets sellers know that you are serious about purchasing their home and that you have done the work to be in good financial standing. Sellers want to know that you will be able to follow-through with the purchase of their home. You know that you are getting the house itself, but what items are the seller going to take with them?

Real Estate Agent 78

Real Estate Agent HOA Real Estate Agents 78

Appraisal Today

APRIL 5, 2024

Particularly when speaking about the workfile, for my money, the most dangerous words in USPAP are “or references to the location(s) of such other data, information, and documentation.” 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.

Appraisal 77

Appraisal Contracts Business Construction 77

D Fritz Appraisals

AUGUST 12, 2019

Sometimes referred to as a property appraisal or a real estate appraisal, a home or house appraisal is a third-party report written by a professional appraiser that is meant to inform you and your mortgage lender on the monetary value of the property you are looking at buying. What Is a Home Appraisal?

Inspection 94

Inspection Appraisal Real Estate Property Appraisal 94

Lamacchia Realty

SEPTEMBER 24, 2021

Sellers have had the upper hand for a long time but need to be prepared for more inventory, meaning buyers won’t have to compete as much. Prices increased, as they’ll continue to do for the foreseeable future due to buyers outbidding one another or paying what sellers ask. Seller Resources. Price accordingly. over August 2019.

Sellers 67

Sellers Buyers Inventory Realty 67

Housing Wire

FEBRUARY 7, 2024

The Fannie Mae February Selling Guide has a series of updates , including the expansion of value acceptance and property data appraisal waivers to condominiums, cash-out refinance allowances for manufactured homes, and updates to credit references and certain definitions.

Retail 398

Retail Project Management Insurance Landlords 398