Housing Wire

MAY 21, 2024

Buying a home in a non-disclosure state, where sale prices are not available to the general public, presents a unique set of challenges and requires home buyers to be more proactive in gathering information. Work with a real estate professional with MLS access In non-disclosure states, the role of real estate agents becomes even more crucial.

Real Estate Agent 475

Real Estate Agent Real Estate Inspection Valuation 475

Appraisal Buzz

AUGUST 16, 2021

Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value. In other words, why are appraiser estimating market value below the contract price so often? But what offer will the seller accept $400,000.

Market Value 448

Market Value Buyers Appraisal Sellers 448

Housing Wire

OCTOBER 3, 2023

This is a dramatic and peculiar stance, given that same company a couple of years ago launched a $1 million annual advertising campaign touting a 1% listing fee, but only if the seller turned into a buyer for them. Meaning, they were counting on buyer agent compensation to pay their bills. How, then, will a buyer agent get paid?

Agents 417

Agents Buyers Training Law 417

Housing Wire

NOVEMBER 2, 2023

The program is designed to help agents connect with buyers, improve their brand recognition and convert leads into clients. However, Market Leader may not be ideal for larger teams or those looking for more customization.

Real Estate 441

Real Estate Real Estate Agent Tools Agents 441

Housing Wire

NOVEMBER 1, 2023

I have four more that I’m in negotiations on representing buyers, and in some cases, buyers who might be interested in multiple transactions, and I think I’ll know the results of those [talks] in the next couple of weeks.” So, the deals aren’t as attractive to sellers. …We’ll

Mortgage 451

Mortgage Loan Officers Finance Buyers 451

Housing Wire

MAY 23, 2023

This new development is being propelled by an alleged Fannie Mae “request” that, according to industry sources, was made recently of several lenders active as buyers in M&A deals. The seller continues to have an obligation to manage their company that they still own after an asset deal,” one industry source explained.

Buyers 403

Buyers Sellers Finance Contracts 403

Empire Appraisal Group

AUGUST 8, 2024

The Dangers of Overpricing a Home By Diane Jones Overpricing can scare off buyers, leading a home to be on the market longer. WASHINGTON – It is definitely best to price your home correctly as soon as the listing goes live. You want to create demand where buyers are chasing you instead of you chasing the demand for your home.

Real Estate 78

Real Estate Sellers Buyers Market Value 78

Appraisal Buzz

OCTOBER 11, 2024

But buyers have been reluctant to respond. Higher home prices mean buyers have to come up with larger down payments. Cendejas is seeing renewed buyer interest now that it’s September, but said a lot of house hunters still want to see rates in the 5% range before they jump into the market. There’s no sense of urgency.

New Listings 195

New Listings Buyers Housing Market Real Estate Agent 195

Housing Wire

APRIL 6, 2021

Linda (who asked that her real name not be used) beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies. With others waiting in line behind her, the seller wouldn’t budge on price. It was definitely a rush job! That’s common these days. Wow, since when?

Appraisal 540

Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Housing Wire

SEPTEMBER 25, 2024

But this isn’t a definitive answer. You’ll never want to negotiate a tough deal, ask a seller to reduce their price, call a FSBO or tell a buyer they lost a deal. Their book, “HARRIS Rules,” is a best-seller in real estate history. More deals, a higher sale price, more units.” In fact, it’s kind of lazy.

Real Estate Agent 430

Real Estate Agent Real Estate Agents Clients 430

Listing Spark

DECEMBER 9, 2020

One of the most common questions we get from our home sellers at ListingSpark is “How do I determine what my closing costs are”? For this article, we are going to focus on the home seller closing costs we would typically see in Texas with a residential sale (commercial sales typically have a different set of fees).

Sellers 69

Sellers HOA Insurance Contracts 69

Housing Wire

SEPTEMBER 30, 2020

” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices. “I 20, the National Association of Realtors said that contract signings were up 23% year over year. Over the last four weeks ending on Sept.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

FEBRUARY 12, 2024

There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. There were 66,000 new listings this week, of which 14,000 are already in contract. Sellers are coming back to this housing market. 14,000 of those new listings are already in contract.

Sellers 451

Sellers Housing Market Buyers New Listings 451

Movoto

MAY 29, 2024

During standard home sales, earnest money comes into play around the time a home goes under contract. In the following blog, we’ll touch on various elements of closing on a real estate deal , provide an earnest money definition, and explain how it works. What is Earnest Money? It thereby reduces the amount of the transaction.

Contracts 36

Contracts Sellers Real Estate Buyers 36

Lamacchia Realty

MAY 6, 2024

Their job is to make sure the sale from the seller to the buyer happens within the confines of the law, while also looking out for your best interests. An attorney offers valuable protection and knowledge for you as a buyer. The attorney will advocate on your behalf as a buyer to include the most favorable terms to protect you.

Real Estate 68

Real Estate Legal Law Contracts 68

McKissock

JULY 26, 2022

As a buyer agent , it is your job to be the voice of reason, the buffer, and sometimes the peacemaker. Here are some tips on how to make the real estate transaction process as smooth as possible for you and your buyer clients. Requests to sellers to pay closing costs. Competing with other buyers. Making an offer.

Real Estate 81

Real Estate Counter Offer Buyers Inspection 81

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. Who will buy these assets?

Marketing 388

Marketing Investing Mortgage Investors 388

McKissock

MAY 11, 2022

Before you log too many hours chauffeuring buyers from property to property, make sure they’re truly motivated to navigate the challenges of a hot sellers’ market —from competing with other buyers to committing to contracts that favor the seller. So it’s definitely not a sure thing.

Real Estate 77

Real Estate Clients Marketing Buyers 77

McKissock

DECEMBER 14, 2021

The standard residential appraisal report form’s definition of Market Value states in part: “ Implicit in this definition is the consummation of a sale as of a specified date and passing of title from seller to buyer under conditions whereby: buyer and seller are typically motivated…”.

Market Value 80

Market Value Marketing Property Appraisal Appraisal 80

Hank Miller Team

APRIL 6, 2022

The median time a home is on the market before contracting is 6 days. Over list prices were seen in mid-2021 and since Jan 2022 they are rising again, buyers expecting to score deals shouldn't waste time. Buyers have to embrace measured risk right now. Low but it was running around 5 days in mid-2021.

Inventory 94

Inventory Contracts Buyers Sellers 94

Housing Wire

FEBRUARY 26, 2024

Last year at this time, we were seeing surprising home buyer demand with rates having fallen to the low 6s. We still see more sellers than last year. Home prices aren’t falling but the growth signals are definitely softening. And sure enough the number of new contracts started this week dipped. But we’re not there yet.

Sellers 451

Sellers Inventory New Listings Contracts 451

Lamacchia Realty

JULY 6, 2022

People will often see “broom clean condition” on real estate contracts and rental leases but are unsure about what it means. What “Broom Clean” Means for Sellers. It is definitely expected that you take everything with you though. Don’t leave anything behind for the next buyers to have to deal with. Buyer Resources.

Landlords 57

Landlords Tenants Decorating Contracts 57

Birmingham Appraisal

SEPTEMBER 26, 2023

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? For sellers, this can be appealing, as it may justify a higher asking price.

Real Estate Agent 92

Real Estate Agent Real Estate Clients Agents 92

Appraisal Today

JULY 1, 2023

Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. For purposes of this monograph, please assume the standard Fannie Mae definition (here by reference). It began with a summary of the definitions of highest and best use versus the definition of market value. percent from 6.73

Appraisal 90

Appraisal Contracts Market Value Mortgage 90

Lamacchia Realty

DECEMBER 18, 2023

To the everyday buyer and seller , they may not think there is much of a difference between the two. By definition, a real estate agent is a sales professional licensed by their state to assist clients in buying, selling, or leasing properties. There are over 1,000 local NAR associations and boards, spanning all 50 U.S.

Realtors 66

Realtors Agents Real Estate Agent Real Estate 66

McKissock

OCTOBER 3, 2021

As a wholesaler, you need to find a property for sale, acquire a contract from the seller, identify a buyer, and assign the contract to him or her. The only costs you have to cover are those for finding a property for sale and for marketing the property to interested buyers.

Investing 87

Investing Real Estate Real Estate Agent Realtors 87

Appraisal Today

SEPTEMBER 27, 2024

This class is required before this new UAD material can be taught to other appraisers, under contract with the GSEs. We learned that the Definitions for Q and C have been updated for more clarity. All three would compete for the same buyer and are priced similarly. About 20 other instructors from across the US were also present.

Property Appraisal 73

Property Appraisal Appraisal Training Contracts 73

Housing Wire

JUNE 7, 2024

When a potential buyer or seller lead searches for homes or a home valuation on Google, they are driven to your site by ads created and managed by Zurple’s advertising experts. How Zurple generates and automatically nurtures leads Here’s the four-step process Zurple uses to generate and nurture leads: 1.

Tools 440

Tools Advertising Real Estate Sellers 440

McKissock

MARCH 10, 2021

If you are working with sellers, regularly update them, and provide feedback from showings. If you are working with buyers, send them properties as soon as they hit the market, and check in to give them status updates. For all clients, follow up with any call, email, or text as soon as possible—and definitely within 24 hours.

Clients 94

Clients Real Estate Real Estate Agent Agents 94

Housing Wire

JULY 8, 2024

These sellers were on the market with another agent before and could not sell. This simple real estate script generates the best results because it acknowledges the sellers’ feelings and piques their interest: Hi. One of my favorite seller clients was a FSBO who I became friends with. This is [name] with [brokerage].

Real Estate 417

Real Estate Business Agents Sellers 417

Housing Wire

JANUARY 10, 2024

SmartZip primarily benefits experienced listing agents, yet any agent willing to nurture seller leads can thrive with this platform. Armed with this data, agents can streamline their outreach efforts and focus on sellers who are ready for their services.

Real Estate 429

Real Estate Real Estate Agent Tools Agents 429

Eppraisal

DECEMBER 6, 2022

Inflation The nutshell definition of inflation is the decreasing purchasing capacity of money. The problem for property sellers is that their sale might be a casualty of this tightening. In brief, recessions result in significant contraction of the workforce -- job losses are common during these downturns.

Real Estate 69

Real Estate Marketing Home Value Realtors 69

Portland Appraisal Blog

APRIL 14, 2019

There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. We’ll have to cut price or find another buyer. What just happened? 3) Bargaining—I can fix this!

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

Appraisal Today

JANUARY 19, 2024

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. Note this definition does not condemn someone for the mere act of anchoring but states that condemnation is oriented to someone who relies too heavily on a specific piece of information.

Appraisal 78

Appraisal Contracts Real Estate Architecture 78

Housing Wire

APRIL 22, 2024

We’re watching sales volumes , which are definitely up over past year but remain slow. Housing inventory When we look at the active inventory of unsold homes on the market, we can definitely see the impact of higher mortgage rates in the past month. We are also consistently measuring more sellers coming back into the market.

Inventory 530

Inventory New Listings Contracts Sellers 530

Housing Wire

MAY 6, 2024

More home sellers are coming back to the market each week. These are new listings that are already under contract, so they’re not counted in the active inventory. That makes a total seller count of 93,000 for the week, which is 20% more than last year at this time. At that time, there were more sellers and more sales.

Inventory 460

Inventory Contracts Sellers New Listings 460

Listing Spark

DECEMBER 6, 2023

Both lawyers and real estate agents can provide helpful guidance during a home sale, but that support comes at such a steep price that many home sellers prefer to manage the entire process on their own. You can comfortably reduce the sales price in exchange for other contract terms. Let’s get technical for a second.

Realtors 36

Realtors Real Estate Agent Real Estate Agents 36