Appraisal Buzz

MAY 17, 2021

Just because appraisers are busy does not mean anyone can relax their due diligence. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. Appraisers are overworked and are often taking on more than they can handle. How do we combat this?

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

DECEMBER 27, 2022

The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom. The top producing LOs who focused on purchase mortgages were positioned in a better spot than those whose business depended on refis. Or will soon.

Housing Market 513

Housing Market Marketing Real Estate Agent Real Estate 513

Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Don’t drink the Kool-Aid that any contract price is reflective of market value. I remember loan officers telling me that I needed to be “creative” with my appraisals.

Inventory 243

Inventory Market Value Appraisal Contracts 243

McKissock

APRIL 20, 2021

Work with a coach to map out your business. Receive basic training in contracts and how to price properties using comparative marketing analysis. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Create a referral network.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

McKissock

JANUARY 18, 2022

A good agent is willing to share their knowledge of different areas, as well as share their contacts regarding loan officers, essential documentation that shows sellers the buyers are serious, among other services. They are honest about what the client can afford, and they are willing to go to bat for them. Answer Questions.

Real Estate Agent 96

Real Estate Agent Real Estate Agents Buyers 96

Genworth MI Blog

AUGUST 31, 2022

Similarly, buyers began waiving inspection contract contingencies, which give the buyer options for negotiating remedies or price with the seller if the inspection reveals major issues. All of these pieces of the appraisal process work together to ensure the lender-client is making a prudent business decision in regard to collateral.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

PennyMac

JULY 20, 2021

Find an agent who really understands the different contracts you need and how to properly fill them out, the legal obligations you’ll run into, and the financial side of the business. How many are sellers? As a seller, one of the most important reasons to hire a real estate agent is to gain access to their marketing expertise.

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Assurance Financial

DECEMBER 20, 2021

In a traditional home sale, the seller lists the house for a price that will cover the following costs: The mortgage’s remaining costs. Existing home equity loans or home equity lines of credit (HELOCs), if applicable. After taking care of the above expenses, whatever amount is left over is the seller’s profit.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Housing Wire

AUGUST 4, 2023

Yes, you should certainly be able to post an impressive listing and understand the ins and outs of closing, but helping buyers and sellers means cultivating a diverse set of skills to navigate a complex and ever-changing real estate market. It’s not just a simple business transaction for these sellers and buyers.

Real Estate Agent 361

Real Estate Agent Real Estate Agents Clients 361

Housing Wire

JULY 25, 2023

Loan officers — myself included — need to strengthen their mindset. HW: What do other LOs need to know to improve their business strategy? When you look at a sales contract that is obtaining mortgage financing, 70% of the components of that offer are mortgage-related. MW: I think the misconception is self-inflicted.

Real Estate Agent 274

Real Estate Agent Mortgage Real Estate Training 274

Housing Wire

JULY 19, 2023

It [publicity] helps the advisors, and it helps the [loan-officer] recruiters, but it doesn’t exactly help the buyer and seller trying to get settled in a transition of the assets of the company.” Normally you’re trying to keep it out [of the public eye],” he explained. “It It’s kind of a fight to the bottom.”

Mortgage 370

Mortgage Marketing Buyers Lending 370

Appraisal Today

SEPTEMBER 15, 2023

The 21 percent who cite other challenges are most likely to cite lack of business/slow market, rising interest rates, low fees, and to reiterate pressure from AMCs. NAR Appraisal Survey 2022 Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

Appraisal 83

Appraisal Real Estate Agent Contracts Real Estate 83

Housing Wire

SEPTEMBER 21, 2023

We did a study with T360 recently, just looking at the agent experience and we came back with about 20 different point solutions that an agent has to use just to perform their duties in representing a buyer or seller of a home. But I think there’s still kind of an old-school mentality: it’s a face-to-face, belly-to-belly style business.

Technology 382

Technology Real Estate Agents Design 382

Appraisal Today

OCTOBER 14, 2022

Lastly, many lenders have progressed beyond the initial risk identification stage, or the “gotcha stage” to a holistic and strategic approach that accepts risk into their business objectives. Appraisal Business Tips . I have been through several significant appraisal business downturns. To read more, click here.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Appraisal Today

AUGUST 13, 2023

Appraisal Business Tips Humor for Appraisers Fannie: Words and Phrases in Appraisals Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! As appraisers we can learn a lot from this, both in terms of how to interpret our market and how we interpret our own businesses and careers.

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Appraisal Today

JANUARY 12, 2024

When I started my business in 1986, several very experienced local appraisers said don’t make time adjustments for lender appraisals. In a significant drop in prices, in the 1990s, some appraisers who made negative adjustments lost their businesses. For example, to close their “deal” the borrower needs a bridge loan.

Appraisal 68

Appraisal Contracts Mortgage Marketing 68

PennyMac

JUNE 14, 2021

The agent helps prospective homebuyers find properties that fit their specific needs and wishes, negotiates better deals with sellers, handles much of the paperwork and provides step-by-step guidance throughout the homebuying process. Ask your loan officer about connecting you with the real estate concierge team at Home Captain.

Real Estate 36

Real Estate Agents Buyers Real Estate Agent 36

Clear Capital

SEPTEMBER 29, 2021

So, we’re excited to help CubiCasa grow as an independent company, serving customers independently, and open for business to any and all customers, and really to help drive the change for the industry towards modernization. So he calls up the seller guy. But this seller has wanted full asking price the whole time.

Sellers 69

Sellers Agents Real Estate Buyers 69