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Study: 24% of sellers received four or more offers in 2021

Housing Wire

home sellers received four or more offers on their home in 2021, according to Zillow’s latest consumer housing trends report. The rise in the number of homes that received multiple offers is reflected in the increased frequency of bidding wars in 2021. About two-thirds of sellers (65%) also reported buying a home.

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The home inspection process: Should you skip it?

Housing Wire

People often confuse the home appraisal with the home inspection. Inspections, on the other hand, are designed to assess the condition of the home, and they’re 100% optional for the buyer. Are you considering skipping the home inspection? Is 2021 a good time to buy a house? There could be safety hazards.

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Owning a condo in Florida is becoming less attractive: Redfin

Housing Wire

Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse. In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs.

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Getting Smart About Home Inspections

Will Springer Realtor

A home inspection is like a test drive for real estate. Just as you wouldn’t buy a car without knowing its condition, a home inspection ensures buyers are aware of the condition of the home they are considering purchasing. Despite this advice, a significant group of buyers forgo the inspection. It’s a smart thing to do.

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How much cash matters in a bidding war

Housing Wire

Homebuyers who offer all-cash improve their chances of winning a bidding war by 290%, per Redfin’s study of clients buying homes between June 2020 and February 2021. And don’t even think about making an offer below asking price in 2021, officials said. You won’t win the bidding war.

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How Today’s Market Impacts the Appraisals and Inspections Landscape

Genworth MI Blog

Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?

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What to do if a Buyer Requests Repairs After Inspection

Lamacchia Realty

WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION. It’s not a secret that it has been a seller’s market for the past few years. A common issue that many sellers are not prepared to deal with is a buyer requesting repairs after the inspection. April 8, 2021. Seller Resources. April 8, 2021.