Realtor

SEPTEMBER 13, 2023

-Oxford-/iStock The home-buying process is a high-stakes thrill ride full of exhilarating ups and scary downs, but unquestionably one of the most deflating moments is when the appraisal comes in significantly lower than the accepted offer. This is, to use technical real estate lingo, “a bummer.”

Appraisal 193

Appraisal Sellers Real Estate Agent Valuation 193

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. You should be finding buyers before real estate agents anyway.”

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Raleigh Realty

FEBRUARY 24, 2022

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. There are many things that take place once you go under contract on a home.

Contracts 147

Contracts Real Estate Sellers Real Estate Agent 147

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. This will help establish rapport and trust with the appraiser.

Real Estate Agent 79

Real Estate Agent Real Estate Agents Reconsideration of Value 79

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Made to order.

Appraisal 409

Appraisal Inspection Real Estate Agent Training 409

Housing Wire

MAY 17, 2024

The guarantee means that the bank promises an on-time closing on or before the contract closing date, or it will pay the homebuyer $20,000. In just the past year, the Department of Justice has called for a full dislocation of real estate agent commissions between sellers and buyers, and new appraisal bias protections have been set up.

Lending 374

Lending Real Estate Agent Contracts Government 374

Housing Wire

MAY 20, 2022

A professional appraiser or real estate agent can help you figure out how much to list your home for. Roofstock Marketplace , for example, offers services to help sellers who need to sell their homes fast, including key market insights to help with pricing. Hire a Real Estate Agent.

Real Estate Agent 387

Real Estate Agent Tenants Real Estate Agents 387

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? While a land contract might be ideal for you, there are important details you need to know, first.

Contracts 143

Contracts Tenants Legal Sellers 143

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. For appraisals required to be Uniform Appraisal Dataset (UAD) compliant, you must indicate the type of sale for the transaction.

Appraisal 79

Appraisal Real Estate Real Estate Agent Contracts 79

Movoto

APRIL 8, 2024

After submitting an offer on a home you plan to purchase, a few things might happen – once an offer is accepted (typically, after negotiations but not always), real estate sales agreements come into effect between buyers and sellers. What Should be Included in Real Estate Sales Agreements? Parties Involved.

Contracts 36

Contracts Real Estate Property Taxes Legal 36

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap.

Housing Market 534

Housing Market Buyers Marketing Real Estate Agent 534

Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

Agents 87

Agents Appraisal Real Estate Agent Bracketing 87

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 83

Agents Appraisal Valuation Appraisal Process 83

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. Many allegations related to appraisals that used inappropriate comparable sales that were used to “make” a deal work.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Will Springer Realtor

OCTOBER 19, 2021

Not all home appraisals – and those who conduct them – are created equal. The home is under contact, seller and buyer have agreed to terms. Enter the appraiser, someone who has probably never visited the property – or possibly even the neighborhood – and who will use his/her expertise to develop a valuation on the home.

Contracts 41

Contracts Appraisal Sellers Real Estate Agent 41

Housing Wire

APRIL 8, 2021

First, the pre-approval letter tells the seller that you are serious about buying a home and that you have a commitment from a reputable lender on how much it will lend to you. Another seller’s home may need repairs, and you put in your offer the need for a seller credit to pay for them. In an extremely competive market?

Inspection 441

Inspection Sellers Buyers Tools 441

Hank Miller Team

DECEMBER 14, 2022

Home buyers and home sellers dabble in the “persuasion” arena during the purchase process as they roll through the deal. The typical real estate agent doesn't dabble, they will do whatever necessary to secure their commission. Doesn’t usually happen, so then agents push price reductions. More on Karen later.

Appraisal 52

Appraisal Real Estate Agent Contracts Agents 52

D Fritz Appraisals

AUGUST 11, 2022

A remote buyer can rely on an experienced real estate agent or broker to find the best property and receive their own personal virtual tour of the home via a video chat app. It’s a good idea to hire an experienced real estate agent who knows the area well. Both parties sign the contract.

Real Estate Agent 119

Real Estate Agent Inspection Real Estate Sellers 119

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.

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Appraisal Today

JANUARY 19, 2024

The Sopranos – Lupertazzi’s Rough Up Appraiser To watch, click the video above. Members of the Lupertazzi Crime Family rough up an appraiser who is involved with Tony’s HUD scam. I will never forget “I’m only the appraiser!” Therefore, the appraisal industry must begin to push back.

Appraisal 75

Appraisal Contracts Real Estate Architecture 75

Housing Wire

DECEMBER 8, 2023

Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients. Help them write a winning offer Understand what the seller is desiring beyond the asking price. This also helps you level-set on their expectations for the homebuying process.

Clients 403

Clients Real Estate Inspection Buyers 403

Realtor

OCTOBER 16, 2023

It’s very important for first-timers to do research and understand all their options before they start looking for a home,” says Cara Ameer , a real estate agent with Coldwell Banker who is licensed in California and Florida. Listing agents are going to recommend their seller ask for shorter time periods for loan approval.”

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Survey respondents Sales agents accounted for the largest proportion, with 45% of participants holding this license. Only appraisers do the appraisals. Read the full report.

Appraisal 89

Appraisal Training Inspection Real Estate 89

Eppraisal

OCTOBER 23, 2023

The seller can reject your bid, make a counteroffer or accept your original proposal. Your response depends on how the seller replies. If the Seller Rejects Your Offer The seller may deny your home purchase offer for various reasons. You can say no to the counteroffer, accept it or propose new changes to the contract.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. Last year, I appraised a home for a homeowner. Contrary to popular belief, good appraisers do not magically appraise homes at their contract price simply to rubber-stamp a sales price.

Appraisal 418

Appraisal Market Value Contracts Agents 418

Realtor

JULY 13, 2021

In our current seller’s market, the national inventory of active listings is down 43.1% They’re making sky-high offers and writing heartfelt letters to sellers about why they should get the house. Contingencies, in the world of real estate, are essentially conditions that must be met to finalize the sale of a home.

Inspection 203

Inspection Real Estate Agent Real Estate Buyers 203

Birmingham Appraisal

SEPTEMBER 15, 2022

What New Homebuyers Need To Know About Appraisals. In this new homebuyer’s guide to appraisals, I’ll help you understand the process during your first home purchase. I would like to do my part by informing and educating you on the appraisal part of the transaction. What is a Mortgage Appraisal?

Appraisal 91

Appraisal Inspection Appraisal Process Real Estate Agent 91

Housing Wire

JUNE 30, 2021

What does the future of appraisals look like? HW Media CEO Clayton Collins spoke with Reggora CEO and co-founder Brian Zitin about how 2020 changed appraisal tech and what appraisal modernization looks like moving forward. In all, Utah’s population has increased by 3.3 million people since 2010. Presented by: Reggora.

Real Estate Agent 397

Real Estate Agent Modernization Real Estate Agents 397

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 358

Sellers Construction Real Estate Finance 358

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. So why is this program so rare?

Mortgage 372

Mortgage Loan Officers Government Buyers 372

Eppraisal

FEBRUARY 17, 2023

There are two ways in which home values can be estimated by real estate professionals. A comparable market analysis can be prepared, or an appraisal can be performed. The average consumer may not know the difference between the two, however, home buyers and sellers need to know.

Appraisal 36

Appraisal Real Estate Agent Marketing Real Estate 36

Hank Miller Team

NOVEMBER 22, 2022

Appraisers and home inspectors are important parts of a real estate transaction, but they serve completely different purposes. There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. What is a Real Estate Appraisal?

Inspection 52

Inspection Appraisal Buyers Sellers 52

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

Appraisal Today

OCTOBER 27, 2023

Strange Encounters in Property Appraisal By: McKissock Excerpts: Property appraisal is not typically thought of as a “dangerous” profession per se. Recently we asked our appraisal community, “What’s the weirdest property you’ve appraised recently?” I worked for an assessor’s office for 5 years in my first appraisal job.

Property Appraisal 74

Property Appraisal Appraisal Business Contracts 74

Hank Miller Team

JULY 7, 2022

As everything shifts, the main players are whispering around the water cooler.will low appraisals be a problem now? Probably not a bad question as the changes in quarter 2 of 2022 were dramatic, As the Fed fights rampant inflation, buyers are faced with dramatic rate increases and sellers with a comparative lack of activity.

Appraisal 52

Appraisal Real Estate Agent Contracts Real Estate 52

Cleveland Appraisal Blog

AUGUST 11, 2022

Talking to your real estate agent or appraiser is also helpful to get a professional’s point of view. The type and range of information you have to provide in the seller’s property disclosure will, of course, depend on the legal regulations of the state where you have the property. Have a great weekend!

Renovations 221

Renovations Buyers Appraisal Investing 221