Housing Wire

MARCH 31, 2021

compared to 2020. ’ And if I don’t find a buyer immediately when I list a property, I’m getting plenty of people making offers without even looking at the price or even doing an inspection.” ” The post Buyers flock to Bay City, Michigan for ultra-low home prices appeared first on HousingWire.

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Buyers Investors Realtors Agents 393

Housing Wire

FEBRUARY 23, 2024

We are back to seeing people paying over asking, waiving home inspections and doing whatever they need to do to purchase a property.” During the same week in 2020, just prior to the onset of the COVID-19 pandemic, there were 4,537 active single-family listings in the area.

Housing Market 463

Housing Market Marketing Inventory Buyers 463

Housing Wire

JUNE 21, 2022

In 2020, only 32% of 30-year-olds owned homes compared to 58% in 1980. Similarly, only 48% of all 30-year-olds in 2020 were married, in contrast to the 83% in 1980. Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses.

Investors 384

Investors Renovations Inspection Government 384

Housing Wire

JUNE 21, 2021

According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% How 2020 is still shaping the way lenders use data. .” “We won’t renegotiate with you, and that seems to help buyers a ton.” year-over-year.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Housing Wire

MARCH 18, 2021

The progression of homebuying over the past year has seen prospective buyers adjusting their preferred destination plans again, and again, and again. For a time, Colorado Springs became the de facto destination for buyers priced out of living in Denver. Housing professionals need to find ways to better meet buyer needs.

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Housing Market Marketing Real Estate Agent Buyers 535

Housing Wire

JUNE 9, 2022

RenoFi’s variable rate HELOC option, which was introduced in 2020, offers loans ranging from $25,000 to $500,000. An estimated 140,000 renovated properties purchased at foreclosure auction or bank-owned auction were resold to owner-occupant buyers between January 2020 and December 2021. Presented by: Auction.com.

Renovations 285

Renovations Finance Inspection Buyers 285

Housing Wire

JUNE 24, 2021

Similar to iBuying firm Opendoor , startup Ribbon and a host of other new companies, Accept.inc provides cash to buyers so they can submit a competitive offer, or buy a new property prior to selling their existing home. The home is then sold back to the buyer at the same price that it was purchased for.

Sellers 306

Sellers Buyers Investors Inspection 306

McKissock

APRIL 28, 2021

It makes sense, but it can make the real estate process even tougher for buyers. Here’s how to handle emotional buyers like the pro that you are. As of 2020, a whopping 88% of home buyers relied on the help of a real estate agent to get them through the process. Know Their Problems — and Solve Them.

Real Estate Agent 87

Real Estate Agent Real Estate Buyers Agents 87

Housing Wire

SEPTEMBER 23, 2021

Remote inspections have the power to make homeowners and appraisers more comfortable. Incenter Appraisal Management’s new remote appraisal inspection tool streamlines the appraisal process while ensuring appraisers stay in control of the inspection and data collection.

Appraisal 315

Appraisal Inspection Technology Tools 315

Housing Wire

OCTOBER 26, 2020

When it comes to common pain points lenders are seeing in the second half of 2020, handling high loan volumes continues to loom large. Its strong company culture was also recognized in 2019 and 2020 earning a certification as a “Great Place to Work.” For more information on what Xome can do for you, visit www.xomesolutions.com.

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Clients Valuation Technology Inspection 346

Housing Wire

MARCH 7, 2022

million in 2020 to $24.9 Bidders were required to be cash buyers, or more precisely cryptocurrency buyers, or – more precisely still – have a virtual wallet on the Ethereum blockchain. Generally, listing agents extract a commission from the homeseller and then split it with the buyer’s agent. And how it may work tomorrow.

Real Estate 452

Real Estate Law Inspection Agents 452

Housing Wire

DECEMBER 24, 2020

Porch, a home services marketplace with partners in insurance, utilities, home inspection and moving, plans to use the cash to pursue acquisitions to seize the opportunity in real estate. For the first six months of 2020, Porch’s revenue fell to $32 million though its losses also dropped to about $25 million.

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Inspection Insurance Finance Valuation 306

Housing Wire

JANUARY 14, 2022

year over year, per Redfin, and the November 2020 price was itself up 12.4% Cignarale noted signs of cooling off, including some properties appraising for lower than expected and once desperate buyers no longer waiving home inspections. That median sales price is up 3.8% In addition, the sale-to-list price ratio was 106.3%

Agents 382

Agents Inventory Buyers Marketing 382

Eppraisal

AUGUST 30, 2022

There is a lot of news in the media about the real estate market starting to cool down for sellers and balance out for buyers. If you are a buyer, you may be getting giddy about it. Here are a couple of strategies for buyers to follow in order to secure the houses they have been waiting for. It does not happen overnight.

Real Estate 36

Real Estate Buyers Real Estate Agent Marketing 36

Hank Miller Team

NOVEMBER 4, 2022

Seems that just over 70 of recent homebuyers have buyer’s remorse. In Feb '21 we noted that 44 of homebuyers had buyer's remorse, these new stats are bonkers. This number is a bit of a surprise and the reasons have to do with price but also with just about every other aspect of the buyer's transactions. Most of them.

Buyers 40

Buyers Real Estate Agent Agents Real Estate 40

Lamacchia Realty

AUGUST 20, 2021

It may seem like an uphill battle to compete against an all-cash buyer but that doesn’t mean you should give up. That way you can be ready to win a bidding war by being the most prepared buyer out there! If timing is an issue for the sellers, this is a great option for buyers. Buyer Resources. May 13, 2020.

Inspection 74

Inspection Sellers Buyers Realty 74

Housing Wire

DECEMBER 13, 2021

As local housing markets across the country have hit alarming highs over the past 18 months, buyers desperate to get into a house have tried anything and everything to win the deal. There is no prohibition on a buyer writing a letter and dropping it through the mail slot of the home.”. 3601 et seq.).”.

Real Estate 392

Real Estate Law Sellers Agents 392

Housing Wire

JULY 1, 2021

Anything the seller can do to minimize the work buyers need to put into the home can help add to its value. For instance, a 2020 report from Remodeling Magazine showed that a new bathroom that costs $49,598 could boost a home’s value by $26,807, which is 54% of the investment.

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Renovations Appraisal Valuation Investing 414

Eppraisal

MARCH 13, 2021

The real estate market is hot right now with pent-up buyer demand from 2020. According to the National Association of Realtors, the inventory of available homes on the market set a record at the end of 2020 as being the lowest since 1999. They work extra hard for the buyers they have an Exclusive Buyer Broker Agreement with.

Buyers 36

Buyers Brokerage Contracts Home Value 36

Housing Wire

MARCH 21, 2022

When the Covid-19 pandemic began in March 2020, zombie foreclosures were one of the housing industry’s greatest fears. Pressure to accelerate the process comes from the fact that a property in foreclosure tends to make buyers reduce their offers. If the property is vacant, they will lower the offer further.

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Law Inspection Insurance Government 318

Empire Appraisal Group

MAY 11, 2023

NEWS & MEDIA sturti, E+, Getty Images Source: Some Homeowners Regret Pandemic Purchases | Florida Realtors Some Homeowners Regret Pandemic Purchases By Devan Markham A number of people who bought homes during the bidding wars – often foregoing inspections and making offers sight-unseen – are discovering problems with the property.

Inspection 78

Inspection Real Estate Sellers Realtors 78

Lamacchia Realty

DECEMBER 11, 2023

From the Covid-19 driven frenzy in 2020 to the significant inventory slowdown this year , buyers , sellers , and agents have all had adapt and grow comfortable with change. Buyers Typically Avoid FSBO Properties : Buyers will often avoid putting an offer on FSBO homes altogether.

Realtors 71

Realtors Real Estate Agent Sellers Realty 71

PennyMac

APRIL 2, 2020

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. An added bonus is that agents don’t cost the home buyer anything; they’re compensated mainly via a commission from the seller of the home. when you find your dream home.

Real Estate Agent 36

Real Estate Agent Inspection Sellers Real Estate 36

Lamacchia Realty

OCTOBER 5, 2022

Many buyers will ask for a radon test to be done before they buy a house, so it is important to have your house tested before moving forward in the buying/selling process. Buyers may ask the seller for a test to be conducted by a qualified radon tester, even if the seller has had a test in the past. Buyer Resources. No Comments.

Sellers 67

Sellers Buyers Inspection Realty 67

Lamacchia Realty

JANUARY 10, 2022

Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since. In this ultra-competitive market, buyers need to do all they can to make the strongest offer when the right house becomes available. Consider Waiving Inspection.

Sellers 72

Sellers Buyers Inspection Bracketing 72

Lamacchia Realty

JANUARY 6, 2023

We can now connect sellers who have low-rate assumable mortgages with active buyers! After a crazy 2020 and 2021, we all began to wonder - when this market change? There Is No Pass or Fail with Home Inspections. Buyer Resources. Lamacchia Realty Offers Mortgage Assumptions. Click Here. When Will This Market Change?

Realty 55

Realty Law Sellers Real Estate 55

Lamacchia Realty

FEBRUARY 22, 2023

This stalemate has maintained low inventory and competition among buyers for what is available on the market. Buyers need to do all they can to make the strongest offer when the right house becomes available. Compose a Personal Letter Sellers are often more likely to choose a buyer with whom they feel comfortable.

Buyers 41

Buyers Sellers Inspection Bracketing 41

Cleveland Appraisal Blog

FEBRUARY 17, 2021

Property values have been increasing in many areas for years, with 2020 being a record year for home appreciation in many neighborhoods. Especially if the repairs are on the interior since assessor’s usually do not make interior inspections. I explained why a full interior inspection is better.

Appraisal 217

Appraisal Clients Inspection Market Value 217

Housing Wire

OCTOBER 12, 2021

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. For example, once the pandemic hit in early 2020, the retail industry was forced to adjust to lockdowns by making a bigger shift to e-commerce in order to sell online.

Lending 298

Lending Technology Investing Loan Officers 298

D Fritz Appraisals

JUNE 28, 2022

The state of Victoria’s housing market is never far from anyone’s mind, especially for first-time home buyers, those moving to a new area or for people looking to sell. Experts seem to agree that the accumulated gains from 2020-2022 are not sustainable and at some point, housing prices will fall. agrees with this prediction.

Real Estate 105

Real Estate Marketing Inventory Housing Market 105

Lamacchia Realty

JUNE 10, 2022

Despite all of it competition is still strong, and buyers are still out there, but with average prices increasing also at historic rates since 2020 and with the cost increase of borrowing, a shift in the market is happening. Congratulations, frustrated home buyers ! Home sellers, the market has changed.

Marketing 62

Marketing Sellers Buyers Inventory 62

Eppraisal

APRIL 8, 2021

Home values are increasing as buyers are competing for homes. The NAR cites that in December of 2020 the inventory was down 23% compared to December of 2019. There is so much pent-up buyer demand that homebuyers are in bidding wars and are offering considerably more than list price for homes.

Marketing 36

Marketing Inspection Contracts Buyers 36

Realtor

MAY 15, 2023

The appraisal also protects you as a buyer. “For a hybrid appraisal, the inspection, sketch, and photos are completed by a third party,” says Matthew Love , a HUD/FHA-approved Certified Residential Appraiser at Real Estate Bees. But the hybrid appraisal really took off when the COVID-19 pandemic struck in 2020.

Appraisal 107

Appraisal Real Estate Appraisal Process Market Value 107

Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. We believe this lack of existing homes on the market is pushing prospective buyers toward new homes, bolstering sales and construction,” he added. Taken by Felix Mizioznikov. Also helping to propel new-home sales is a huge deficit in existing homes.

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Construction Development Finance Mortgage 362

Eppraisal

APRIL 20, 2021

According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020. According to an article on Realtor.com, there were 52% less homes on the market in March of 2021 than in March of 2020. Many buyers will need the extra money to pay the difference. It's that simple.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Lamacchia Realty

DECEMBER 28, 2021

It was the year of the frustrated buyer, particularly in the first half of the year. The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. Remember only one offer can win so this caused lots of disappointment for both buyers and buyer’s agents alike.

Sellers 74

Sellers Inventory Buyers Realtors 74

McKissock

APRIL 9, 2021

.” “Movement on the 30-year fixed mortgage rate was relatively flat in the months preceding the pandemic, but once the pandemic hit, there was a precipitous decline throughout the remainder of 2020 and into 2021. We had a better than typical 2020 due to 2.0 Exterior-only inspection (Form 2055). Estate appraisals.

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Appraisal Real Estate Renovations Inspection 96