Housing Wire

MARCH 21, 2022

Know thy buyer (or seller). Similarly, if you’re making the acquisition, your seller’s motivation should also inform your strategy. The seller who’s simply looking for a payday and who indicates little motivation to help you transition is also signaling to you that the transition may be a little bumpier. Know thyself.

Business 302

Business Sellers Buyers Valuation 302

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. Why you need this book Have you ever had to appraise a home with “no comps”? A home modified for handicapped access?

Appraisal 85

Appraisal Real Estate Valuation Contracts 85

Lamacchia Realty

SEPTEMBER 7, 2022

To do this, you’ll want to book travel arrangements early: flights, cross-country drives, trains, pet travel arrangements, etc. If you’re moving long-distance, make sure to use a reputable, insured moving company. Seller Resources. Make Your Travel Arrangements. Hire the Right Moving Service. Additional Resources. April 8, 2021.

Realty 62

Realty Real Estate Agent Insurance Realtors 62

McKissock

SEPTEMBER 6, 2021

It begins with the listing agent’s communication skills and accessibility to the seller. Keep reading to learn how you can better communicate with all parties involved in a real estate transaction, including sellers, buyers, other agents, lenders, and closing officers. Types of communication problems.

Real Estate 77

Real Estate Real Estate Agent Sellers Inspection 77

Lamacchia Realty

SEPTEMBER 1, 2021

Packing the Box Itself Spread packing peanuts on the bottom of the box (unless you are packing books). Large furniture gets packed first, then smaller furnishings, and then heavy boxes (such as books or electronic equipment) and light items and clothing last. Seller Resources. Label these boxes “Unpack First.” Happy Moving!

Insurance 67

Insurance Sellers Realty Contracts 67

Lamacchia Realty

SEPTEMBER 16, 2021

To do this, you’ll want to book travel arrangements early: flights, cross-country drives, trains, pet travel arrangements, etc. If you’re moving long-distance, make sure to use a reputable, insured moving company. Seller Resources. Make Your Travel Arrangements. Hire the Right Moving Service. Additional Resources. April 8, 2021.

Real Estate Agent 66

Real Estate Agent Insurance Realtors Sellers 66

McKissock

SEPTEMBER 20, 2021

This includes referral fees or financial benefits for recommending real estate products and services to the client, like mortgage financing, warranty programs, homeowner’s insurance, title insurance, etc. You may represent the seller and will owe fiduciary duties to that seller.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Housing Wire

MARCH 22, 2022

(MIAC) is in the market with two whole-loan offerings of nonperforming Ginnie Mae-insured mortgages that combined are valued at more than $1.2 The seller is not identified for either deal. “The The two deals involve nonperforming loans that are eligible for early buyouts (EBOs) from Ginnie Mae loan pools.

Marketing 273

Marketing Insurance Sellers Mortgage 273

Housing Wire

JANUARY 13, 2022

The seller is not identified. MIAC, as exclusive representative for the seller, is pleased to offer for your review and consideration a $6.23 The seller is not identified in the offering, which indicates the deadline for final bids was Jan. Incenter Managing Director Tom Piercy would only say that the seller is a “nonbank.”.

Mortgage 349

Mortgage Marketing Sellers Insurance 349

Listing Spark

DECEMBER 15, 2022

It usually involves wrapping the existing mortgage and obtaining title insurance from a title company. When doing a wrap, the hardest part is getting insurance in order to satisfy due on sale calls. If you’re doing a wrap, the number one thing is insurance. We’re seller direct. Key takeaways. [00:03:41]

Finance 36

Finance Investing Real Estate Lending 36

Appraisal Today

JULY 1, 2022

E&O Insurance Update 2022 – Claims, State Boards, Discrimination, etc. 2022 E&O Insurance – Where to Get Insurance, What to look for in a policy, etc. 2022 E&O Insurance Brokers. 2022 E&O Insurance – Where to Get Insurance, What to look for in a policy, etc. June 28, 2022.

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

The Robert Weiler Company

SEPTEMBER 30, 2020

An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. Published by the Appraisal Institute, this book defines a real property valuation review process model as an organizing tool. Fannie Mae. Trust the experts!

Real Estate 137

Real Estate Appraisal Property Appraisal Valuation 137

Housing Wire

SEPTEMBER 20, 2023

That challenge is compounded by the low level of new-loan production now being booked at much higher coupons in the 6% to 7% range. So, it’s not benefiting the overall MSR portfolio that they have on their books.” They’re net sellers of MSRs to the market. “So, All-agency MSR ranking based on holdings and market share: 1.

Investors 347

Investors Mortgage Buyers Investing 347

Housing Wire

APRIL 5, 2021

In its most recent annual report to Congress, November 2020, the Federal Housing Administration ( FHA ) published its “capital ratio,” a measure of capital reserves to insurance-in-force held within the Mutual Mortgage Insurance Fund (MMI Fund). By way of example, seller-funded down payment loans prevalent in the early 2000s had a $16.5

Insurance 226

Insurance Mortgage Housing Market Government 226

Housing Wire

FEBRUARY 14, 2022

And so, because of that, we had to make our agents independent contractors and terminate their pension plan and health insurance.”. Living on commissions often means getting paid more for convincing a buyer to increase their acceptable price range or coaxing a seller to hold out for a more lucrative deal.

Business 357

Business Brokerage Real Estate Agent Agents 357

Housing Wire

MARCH 7, 2022

Absolutely, I will offer an NFT option to sellers within the next year,” said Richard Hopen, a Compass agent in Short Hills, New Jersey. The Gulfport seller, Heckler explained, created a limited liability company that held ownership of the home. Propy then guided the seller into minting the LLC as an NFT.

Real Estate 454

Real Estate Law Inspection Agents 454

Realtor

NOVEMBER 1, 2023

It also shows home sellers and listing agents that you’re a strong home-buying candidate. The VA allows sellers to pay all of a buyer’s mortgage-related closing costs and up to 4% of the purchase price in concessions, which can include things like prepaid taxes and homeowners insurance and even paying off collections.

Real Estate Agent 127

Real Estate Agent Contracts Finance Real Estate 127

Quicken Loans

JUNE 8, 2021

In some short sales, the owners’ bank agrees to take this loss to get the home sold and the mortgage (which might otherwise go into default) off their books. Even if the sellers agree to your offer, their bank or lender might reject it if it’s too low. Sellers (i.e., Buying at this stage can be tough, though.

Real Estate Agent 72

Real Estate Agent Inspection Government Real Estate 72

PennyMac

DECEMBER 22, 2020

In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. If you are expected to do so yourself, hire a title company to run a full, insured title search before closing the deal. Step 10: Closing.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Housing Wire

APRIL 27, 2021

That would be like if Wells [Fargo] said, ‘Well, we’ve got deposit insurance so who cares.’”. Reports that the GSEs may be implementing limits on a per-lender basis rather than across their aggregate books of business, which “represents an overly conservative method of achieving compliance,” according to the MBA.

Investing 382

Investing Legal Business Mortgage 382

The Robert Weiler Company

OCTOBER 21, 2022

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. You may need a commercial valuation for many reasons.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Quicken Loans

APRIL 12, 2021

Or, if there is an escrow shortage due to a rise in property taxes or insurance premiums, the escrow payment will increase. And since property taxes and homeowners insurance are typically paid through the monthly mortgage payment, the monthly payment will rise as well. Buying a Home in Foreclosure or an REO Property.

Inspection 54

Inspection Property Taxes Mortgage Investors 54

Appraisal Today

FEBRUARY 9, 2024

An Inside Look at E&O By Peter Christensen Excerpts: There is no law requiring that real estate appraisers must have professional liability insurance – or E&O insurance as it is often called – except in one state. Common fears are that their insurer will increase their premium or decline to renew their policy.

Appraisal 79

Appraisal Contracts Insurance Construction 79

Will Springer Realtor

JUNE 1, 2021

As the name suggests, a pre-inspection takes place before a buyer considers an offer on the home and the seller agrees to open his/her place to the professional inspection – but, often because of limited time before offers are expected, the inspection is performed more quickly and usually without the aid of specialist inspectors.

Inspection 36

Inspection Buyers Sellers Open Houses 36

Lamacchia Realty

JANUARY 27, 2023

2022 was yet another year for the books, as historical market behavior stuck this time with mortgage rate spikes, causing this year to be the adjustment year we all knew was coming. Then, as rates rose, buyers and sellers began to hesitate to play the game. Then, as rates rose, buyers and sellers began to hesitate to play the game.

Inventory 52

Inventory HOA Insurance Buyers 52

Zillow

JULY 9, 2019

Several years ago, I wrote a complete guide to financial planning on one index card, which went viral and later became a book: " The Index Card: Why Personal Finance Doesn't Have to Be Complicated " (co-written with Helaine Olen). Getting pre-approved also shows sellers that you're a reliable buyer with a strong financial footing.

Buyers 53

Buyers Mortgage Investing Sellers 53

Will Springer Realtor

APRIL 6, 2021

In these two examples, a specialty bank that offers portfolio loans and keeps them on their books is the best – and sometimes only – source for a mortgage. Conventional loans on established places like Insignia or Emerald in Seattle are typically insured by government entities or deep-pocketed investors and run 15, 20 or 30 years.

HOA 36

HOA Mortgage Buyers Insurance 36

Assurance Financial

JULY 23, 2021

That might be true, as putting down 20% allows you to avoid paying private mortgage insurance (PMI) premiums and can mean you get a better interest rate on your loan. In exchange, the borrower needs to pay PMI and an upfront mortgage insurance premium. You might have heard a 20% down payment is ideal when you’re buying a home.

Mortgage 74

Mortgage Real Estate Agent Government Loan Officers 74

Appraisal Today

JUNE 2, 2023

Offer more valuation products (11%) Upgrade your license so that you can appraise more property types (8%) Market yourself as an expert in a specific niche (9%) “I made it through the last recession by offering my expertise for insurance appraisals in mobile home parks. My favorite appraisal book! It worked well at the time.”

Appraisal 52

Appraisal Contracts Real Estate Agent Sellers 52

Housing Wire

MAY 17, 2022

An example of a program offered by the HUD that needs clarification is the department’s down payment assistance program, especially programs that allow seller funded down payment assistance. In March 2021, Fudge said that the agency had “no near-term plans” to change FHA’s mortgage insurance premium pricing.

Insurance 304

Insurance Development Housing Market Mortgage 304