Housing Wire

FEBRUARY 26, 2024

On the demand side, buyers are wary of purchasing a condo since it has become less affordable. Condo costs are shocking,” Juan Castro, a Redfin Premier agent in Orlando, said in the report. It’s causing buyers to rethink their plans.” Condos that used to have a $400 monthly maintenance fee may now have a $700 fee.

HOA 485

HOA Law Insurance New Listings 485

Housing Wire

APRIL 22, 2021

” Such is the life of the agent and broker in the hot North Carolina metro, which has seen an enormous uptick in transplants since the beginning of the COVID-19 pandemic as work-from-home mandates are allowing people to live wherever they want. . “It’s just insane. “But this is a great place to live.

Buyers 432

Buyers Inventory Renovations Realty 432

Hank Miller Team

MAY 31, 2022

Appraising and being involved in real estate sales for over 30 years allows me to see epic "renovation" nightmares. The unfortunate side of this are the buyers who often expect their agent to flag issues. Will your agent spot renovation disasters? Buyers share the blame if they don't vet these agents.

Renovations 52

Renovations Agents Buyers Real Estate 52

Appraisal Buzz

APRIL 30, 2024

With the downturn in home sales, the challenges are multifaceted: Homeowners are holding onto low-interest rate mortgages instead of moving up, investors edging out traditional buyers with cash offers and first-time homebuyers facing steep affordability hurdles and bidding wars. That presents a unique challenge as well as an opportunity.

Marketing 195

Marketing Real Estate Agent Renovations Buyers 195

Housing Wire

APRIL 20, 2021

Patrick, a first-time homebuyer, was competing with buyers who were waiving basic contingency requirements and/or putting in offers that far exceeded the seller’s asking price. After months of slogging through a string of disappointments, Patrick turned to a renovation loan and started looking at fixer-uppers. Already a member?

Renovations 441

Renovations Real Estate Agent Construction Buyers 441

Empire Appraisal Group

JULY 27, 2023

Source: [link] Why Don’t More Buyers Consider a Fixer-Upper? In a time of rising housing costs, a fixer-upper offers more house for the money – but the iffy cost for renovations scares buyers already hurt by high interest rates. The drop in demand for unrenovated homes is mostly driven by high mortgage rates, agents say.

Buyers 78

Buyers Renovations Real Estate Agent Agents 78

McKissock

JULY 18, 2021

When the seller’s market is this hot, is it still necessary to renovate a seller’s home before it hits the market? But just because the ball is already in the seller’s court, so to speak, is it enough to justify skipping renovation altogether? Go Big Or Go Home.

Renovations 96

Renovations Marketing Real Estate Agent Sellers 96

Housing Wire

APRIL 23, 2024

Amid a higher rate environment when refinances are scarce, Martell said that loanDepot sees opportunities in other products, such as renovation loans and home equity lines of credit (HELOCs). The company now has a digital HELOC offering. Martell believes there will not be “a zero commission” market.

Mortgage 382

Mortgage Real Estate Agent Real Estate Renovations 382

McKissock

MARCH 20, 2022

When selling a home though, most real estate professionals will vouch that — as far as home improvements are concerned — kitchen renovations are worthy investments that will likely increase your resale value. ® , DIY expert and licensed contractor Beth Allen shares six common kitchen renovation ideas with the biggest investment return.

Renovations 84

Renovations Investing Modernization Real Estate 84

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 367

Real Estate Agent Real Estate Agents Loan Officers 367

Housing Wire

MAY 28, 2021

According to a study conducted by Buildword , 53% of buyers who purchased a fixer-upper exceeded their budget, compared to 15% of buyers who purchased a turnkey home. Four renovations to consider before selling your house. A turnkey home is a property that doesn’t require any major repairs or renovations. Fixer-Upper.

Renovations 496

Renovations Home Improvement Real Estate Agent Real Estate 496

Housing Wire

OCTOBER 25, 2021

of offers written by Redfin agents ended up in a bidding war, the lowest rate so far in 2021 and nearly on par with the September 2020 bidding war rate of 58.3%. of offers written by Redfin agents faced competition. ” Top markets for affordable renovated housing inventory. In September, 58.9% A month prior , 60.8%

Renovations 410

Renovations Inventory Agents Housing Market 410

Housing Wire

JUNE 10, 2021

To attract potential buyers, sellers have to make sure their home is aesthetically pleasing. After all, curb appeal is just as attractive to potential buyers as the indoor layout. Home improvements and renovations are also important to buyers. A concession is when the seller agrees to pay part of a buyer’s closing costs.

Sellers 546

Sellers Real Estate Agent Real Estate Decorating 546

Housing Wire

JULY 17, 2023

This transformative technology has opened up a new world of possibilities, empowering agents and captivating potential buyers like never before. These immersive experiences enable prospective buyers to explore properties in three dimensions from the comfort of their homes.

Real Estate 359

Real Estate Technology Business Real Estate Agent 359

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. “Brokers need now to control things they can control, like their costs, and give the consumer options.”

Mortgage 473

Mortgage Real Estate Agent Renovations Finance 473

Housing Wire

MAY 20, 2022

Today, homes are selling faster than usual because of the shortage of inventory and high buyer demand. If your house is priced too high, it will turn buyers off, but if it’s too low, people may wonder what’s wrong with it. A professional appraiser or real estate agent can help you figure out how much to list your home for.

Real Estate Agent 410

Real Estate Agent Tenants Real Estate Agents 410

McKissock

APRIL 28, 2021

It makes sense, but it can make the real estate process even tougher for buyers. That means it’s often the real estate agent’s job to ease their minds and lighten the situation. Here’s how to handle emotional buyers like the pro that you are. Kitchens can be renovated and landscaping redone. Have Patience.

Real Estate Agent 87

Real Estate Agent Real Estate Buyers Agents 87

Lamacchia Realty

MAY 23, 2023

WHAT TO KNOW ABOUT HOME RENOVATIONS IN 2023 In recent years, the world has undergone a multitude of changes, and the home renovation industry is no different. Factors such as supply chain disruptions, project delays, and increasing costs have greatly impacted both new construction and ongoing renovation projects.

Renovations 58

Renovations Supply Chain Construction Home Improvement 58

Housing Wire

FEBRUARY 28, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Local Coldwell Banker agent Alison Wisnom says that this location, as well as the area’s relatively low cost of living compared to neighboring metros, is driving more and more homebuyers to consider the area. “I

Housing Market 397

Housing Market Marketing Buyers Agents 397

Birmingham Appraisal

AUGUST 23, 2023

How Can Appraisers and Agents Work Together? In the often chaotic world of real estate, the appraiser-agent relationship can contribute to a smoother process. There are many areas that appraisers and agents can inform and educate one another so that each of their jobs is done more successfully.

Agents 82

Agents Appraisal Valuation Appraisal Process 82

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Talking to your real estate agent or appraiser is also helpful to get a professional’s point of view. Hence, buyers do not expect to buy a home that is in perfect condition.

Renovations 221

Renovations Buyers Appraisal Investing 221

Housing Wire

JANUARY 30, 2021

Four renovations to consider before selling your house. In fact, according to a report from the National Association of Realtors, over half of seller’s agents say staging either slightly or greatly decreases a property’s time on the market. . In order for a buyer to imagine themselves in the house, it needs to be a clean slate.

Renovations 473

Renovations Buyers Agents Real Estate 473

Birmingham Appraisal

JUNE 21, 2023

Helping Agents Understand Appraisal Factors That Impact Home Sales In the world of real estate, accurate property valuation plays an important role in the home buying and selling process. Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals.

Real Estate Agent 75

Real Estate Agent Real Estate Agents Appraisal 75

Housing Wire

DECEMBER 21, 2023

Benefits can include: No down payment Competitive interest rates No private mortgage insurance (PMI) Limited or no closing costs Funding fee waived for service-connected disabled veterans More favorable credit criteria Loan types There are a number of VA loan options to meet the needs of today’s veteran buyers, including purchase and refinance.

Mortgage 441

Mortgage Renovations Appraisal Process Finance 441

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” Sometimes a homes across the street are not the same pool of buyers as a home a block away, even if it is the same builder and floor plan.

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Birmingham Appraisal

DECEMBER 19, 2023

Tips To Make An Agent’s Life Easier The job of a real estate agent is extensive. There was a popular post that many agents were sharing on Facebook recently that listed all of the hats that an agent must wear. Most agents put together this information for potential buyers so why not share it with the appraiser?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Appraisal 69

Housing Wire

OCTOBER 28, 2021

Yun expects inventory levels to pick up again in 2022 and that buyers who have temporarily paused their search will return to the market in the new year. In addition, Yun believes that increasing rents and lack of rental inventory will drive even more potential buyers into the market.

Inventory 421

Inventory Renovations Contracts Buyers 421

Eppraisal

AUGUST 25, 2023

In the ever-fluctuating world of real estate, buyers often face a multitude of challenges. These factors can make the homebuying process more complex, but with the right strategies, prospective buyers can still find success in this competitive market. A home in need of renovations could be a hidden gem that other buyers overlook.

Inventory 69

Inventory Real Estate Buyers Renovations 69

Housing Wire

FEBRUARY 9, 2021

But what does it mean for you as the buyer? Four renovations to consider before selling your house. There’s a chance they may be willing to accept a lower offer on the home — especially if they’ve already moved out, bought another property or it’s a buyer’s market and there’s little demand for the property.

Appraisal 458

Appraisal Real Estate Agent Sellers Real Estate 458

Lamacchia Realty

MAY 20, 2022

HOME RENOVATIONS IN 2022. It’s well known that the world has seen a multitude of changes over the past few years, and the home renovations world is no different. From supply chain delays and stoppages to inflation, home renovation and even new construction projects are feeling the impact. Insulation is up 5.4% from last year.

Renovations 55

Renovations Supply Chain Construction Modernization 55

Mashvisor

MAY 16, 2022

Find real estate agents near me when you need help identifying and evaluating renovation expenditures for a potential investment property. Table of Contents What Is a Real Estate Agent? Pros…

Real Estate Agent 68

Real Estate Agent Real Estate Agents Investors 68

Birmingham Appraisal

JULY 12, 2023

How Agents Can Use The Law of Diminishing Return When Pricing a Listing As a real estate appraiser with over 30 years of experience, I have witnessed firsthand the critical role that accurate pricing plays in the success of real estate transactions.

Real Estate Agent 84

Real Estate Agent Law Real Estate Bracketing 84

Housing Wire

APRIL 25, 2024

In 2024, agents have two choices; learn how to run your entire business from the apps on your phone or tablet, or find a new career. It’s simple enough for most agents to learn quickly, but has enough features to keep team leaders and managing brokers happy. When you buy through our links, we may earn a commission.

Real Estate 429

Real Estate Agents Open Houses Tools 429

Inman

JANUARY 26, 2024

AI-driven, personalized listings will include an immersive virtual tour experience and data will be used not just for sales and marketing, but also restorations, renovations and appraisals.

Renovations 190

Renovations Appraisal Marketing Tools 190

Berkshire Hathaway

MARCH 31, 2021

In a normal market renovating your home before putting it up for sale was a great way to make it more appealing to buyers. However, this is not a normal market and with so many buyers competing for homes renovations may not be as important, which as a seller is great news because it will save you time and money!

Renovations 28

Renovations Sellers Buyers Investing 28

Housing Wire

NOVEMBER 1, 2022

That money can be used to furnish or renovate their new home, or go toward saving for other financial goals. Additionally, if a buyer expects their income to rise over the next two years, the 2-1 buydown allows them time to grow their earnings before they’re required to pay the full amount. Alternatives to a rate buydown.

Loan Officers 441

Loan Officers Sellers Clients Buyers 441

Housing Wire

JULY 6, 2023

One source of added inventory is the fix and flip industry , which is expected to acquire and renovate some 350,000 homes in 2023, according to Kurt Carlton, president of New Western , a private real estate investment marketplace. fix-and-flippers] who are willing to sell to a first-time buyer,” he said.

Inventory 466

Inventory Renovations Real Estate Government 466