article thumbnail

Buyer agency: a crucial historical shift in real estate

Housing Wire

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This paradigm shift significantly benefited all parties involved.

article thumbnail

How to Communicate Effectively with a Real Estate Appraiser in the Appraisal Process

Boston Appraisal

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal process is important for homeowners, buyers and sellers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

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.

article thumbnail

Opinion: Title insurance is vital to protecting the American dream

Housing Wire

Real estate is a $3 trillion industry in the United States. There has been a great deal of innovation around purchasing homes, making credit available, and closing real estate transactions. Low claims ratios are a testament to the work our agents do to eliminate items prior to closing.

Insurance 506
article thumbnail

Real Estate Appraisers Share How They Stand Out from the Competition

McKissock

This month we asked our appraisal community, “What differentiates you from other real estate appraisers?” What differentiates you from other real estate appraisers? ” “Background in landscape architecture and real estate sales.” Monthly survey: Want to participate?

article thumbnail

9 Things to Know BEFORE Your Home Appraisal

Raleigh Realty

If that happens, your real estate agent will have to negotiate with the seller to see if they will bring their sale price down to $350,000. If you are selling your home through a real estate agent, your agent can accompany the appraiser and tour them through the home. Who pays for a Home Appraisal?

Appraisal 148
article thumbnail

ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on staying positive with slow business, economic analysis for appraisers, current real estate market, unusual homes, mortgage origination stats, etc. == $14M Castle on 40 Acres in Wyoming Excerpts: 5 bedrooms, 5.5+ baths, 9,470 sq.ft., 40 acre lot, built in 1992.