Listing Spark

FEBRUARY 6, 2023

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. As a seller, this can help to ensure that buyers have the actual cash they are claiming they have.

Contracts 36

Contracts Real Estate Sellers Buyers 36

Housing Wire

FEBRUARY 16, 2023

Instead of paper promissory notes, the borrower’s promise to pay is recorded via an eNote — the key document signed at closing — and an original is stored securely in the eVault. The solution’s document repository allows users to tightly control and track access, status changes and retention policies of the original documents.

Contracts 279

Contracts Technology Clients Design 279

Housing Wire

JULY 19, 2023

A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. Similarly, commission disputes can arise when a buyer-client ultimately purchases a property shortly after the relationship with their real estate agent ends.

Real Estate 299

Real Estate Legal Brokerage Clients 299

Housing Wire

DECEMBER 8, 2023

You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients.

Clients 403

Clients Real Estate Inspection Buyers 403

Will Springer Realtor

DECEMBER 5, 2023

Our state is at the forefront of improving a document that each buyer and seller receives near the start of the purchase and sale process, and for the first time, our industry will be required to have a contract with buyers. The agency term of 12 months will be the standard but buyers can agree to any length in writing.

Law 61

Law Buyers Sellers Real Estate 61

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 65

Real Estate Legal Law Contracts 65

Housing Wire

MAY 10, 2022

These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers. While it is well documented the homeownership gap by race in the U.S.,

Housing Market 421

Housing Market Realtors Buyers Inventory 421

Housing Wire

JUNE 11, 2021

A home inspector, hired and paid by the buyer typically, will look at the plumbing, electricity and the overall foundation of the home and then provide a report with their findings. While home inspections aren’t required, they provide the buyer with several important opportunities in the home-buying process.

Inspection 431

Inspection Appraisal Appraisal Process Buyers 431

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 385

Agents Buyers Training Law 385

Empire Appraisal Group

JUNE 29, 2023

million homes in homeowners’ associations (HOAs), most of our members have helped prepare contracts that address issues associated with association rules. If required, then these sections describe what both sides are obligated to do, like initiate the approval process (seller) or show up for an in-person interview if required (buyer).

HOA 78

HOA Contracts Sellers Buyers 78

Hank Miller Team

FEBRUARY 27, 2022

Coming off the frenzied Atlanta 2021 real estate market, it's hard to imagine things could get tougher for home buyers, but they are. Home buyers are rushing to buy ahead of additional rate and/or rent increases, some will be trapped on the hamster wheel of renting. How do home buyers get their offer selected? Is that smart?

Buyers 52

Buyers Inspection Contracts Sellers 52

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. It is not clear how many other lenders received the request from Fannie Mae.

Buyers 356

Buyers Sellers Finance Contracts 356

Appraiserblogs

NOVEMBER 7, 2023

Folks,… The post Seller Filed a Racial Bias Complaint Against Me appeared on Appraisers Blogs.

Sellers 126

Sellers Valuation Law Contracts 126

Housing Wire

APRIL 8, 2021

Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process. This is a bit of a gamble since the buyer won’t know for sure if they have to use the money until after the appraisal.

Inspection 441

Inspection Sellers Buyers Tools 441

Realtor

OCTOBER 16, 2023

for first-time buyers is $12,274 (around 6%), in addition to $1,983 in closing costs. “Even the mortgage lenders with splashy apps and websites still may need a phone call, manual document collection, or other time-consuming steps,” says Zhang. “Many listing agents are requiring that, no matter the price range. .

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

GoForrmz

OCTOBER 26, 2022

From virtual tours to real estate apps, it now takes less time and effort to communicate between sellers and buyers. With GoFormz mobile forms, you can ditch the time-consuming paperwork and sign documents electronically. Buyers and sellers can be in completely different parts of the world and still access their contracts at any time!

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Listing Spark

JUNE 13, 2024

Direct Negotiation: Communicate directly with potential buyers for quicker feedback and flexible terms. Direct Negotiation Another advantage of selling FSBO is the ability to negotiate directly with potential buyers. Buyer Interaction: Communicate directly with buyers to understand their needs and motivations.

Legal 36

Legal Real Estate Buyers Contracts 36

Eppraisal

DECEMBER 20, 2022

Whether you are a home buyer or seller, the real estate transaction can sometimes be tricky to navigate. Part 1 of our next two posts will dissect the real estate transaction from the buyer's perspective. An agent who specializes in buyers, or an Accredited Buyers Representative (ABR) may be most appropriate for your transaction.

Real Estate 36

Real Estate Buyers Inspection Real Estate Agent 36

Listing Spark

JUNE 13, 2024

Benefits of FSBO Cost Savings : Avoid the traditional 6% commission fee, often split between buyer and seller agents. Direct Interaction : Engaging directly with buyers can streamline communication and shorten the selling process. Buyers in this state are often looking for homes with modern updates and well-maintained properties.

Realtors 36

Realtors Open Houses Legal Real Estate Agent 36

Housing Wire

JULY 6, 2022

PennyMac Mortgage Investment Trust, a real estate investment trust (REIT), recently issued $305 million in Fannie Mae MSR-backed notes to “qualified institutional buyers” via an offering dubbed Series 2022-FT1, PFSI’s SEC filing shows. Incenter has managed more than $1.5 billion in MSR sales and purchases, according to KBRA.

Investing 342

Investing Finance Mortgage Market Value 342

Movoto

MAY 29, 2024

After an offer is accepted when buying a home , the sale will enter the under-contract phase leading up to the final real estate closing day. Once the parties sign the real estate purchase agreement and the buyer pays earnest money, several additional steps must be completed before the property can successfully transfer from seller to buyer.

Real Estate 36

Real Estate Inspection Real Estate Agent Buyers 36

Housing Wire

JUNE 9, 2022

That is typically accomplished through whole loan sales or private label securitizations along with hedging — such as the use of third-party forward contracts that allow for bulk loan sales at a future date at a predetermined rate. Yoon added that the new app also will “be built on the backside as blockchain-capable.”

Marketing 365

Marketing Contracts Technology Mortgage 365

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. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Housing Wire

AUGUST 14, 2023

It significantly streamlined transactions , slashing hours of wasted drive time chauffeuring documents in between soccer games and dinners, creating competitive advantage by shortening contract periods and empowering agents to conduct business across borders in minutes versus days. It was nothing short of a time-saving miracle.

Real Estate 341

Real Estate Real Estate Agent Marketing Technology 341

Housing Wire

DECEMBER 13, 2022

There are many buyers who have reached the point in their life where they want to buy their first home – or their current home isn’t a good fit for them anymore – but are waiting because of the uncertainty in the market. My hope is that buyers get off the sidelines and begin shopping for their perfect home once rates are more consistent.

Clients 379

Clients Technology Real Estate Agent Business 379

McKissock

JULY 27, 2021

Many survey respondents emphasized the importance of making sure your work is as detailed and well-supported as possible—by means of careful comparable selection and analysis, thorough documentation, and clear explanation of why the available comps do not support the contract price. ” Thorough documentation.

Appraisal 109

Appraisal Contracts Clients Marketing 109

Eppraisal

MARCH 13, 2021

The real estate market is hot right now with pent-up buyer demand from 2020. Many homes receive multiple offers within a couple days of going on the market with buyers often paying more than list price for homes. Home values are rising and many real estate brokers are working overtime trying to find their buyers homes.

Buyers 36

Buyers Brokerage Contracts Home Value 36

Raleigh Realty

MARCH 23, 2021

Buyers want to work with the best local Realtors® to help them when buying a home because it is such a large financial purchase with so many different components involved. 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

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. An LO in Texas told HousingWire that the competition is intense where he is, and buyers are “doing extraordinary things,” which has changed deal structures.

Appraisal 540

Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Housing Wire

JANUARY 29, 2024

According to the National Association of Realtors® (NAR), 89% of buyers would recommend their real estate agent to others. You can then mention that at the end of working together, you’d be grateful if they could provide a helpful review you might share with other buyers or sellers who may be looking for an agent.

Real Estate 398

Real Estate Clients Real Estate Agent Agents 398

Eppraisal

JULY 19, 2022

Contract Review Whether you are a home buyer or a home seller, once you sign a contract it is time to hire a real estate attorney. Most real estate contracts call for a specific amount of time, typically five to 10 business days, for attorney review. This is to make sure that everything is in writing and is documented.

Real Estate 36

Real Estate Inspection Real Estate Agent Contracts 36

Lamacchia Realty

JUNE 12, 2024

Make sure to thoroughly look through the home and ensure that nothing is left behind unless agreed upon with the buyer. Document Valuable Belongings: Take photos and videos of your valuable items. Having these items documented can also help if an insurance claim needs to be made.

Realty 60

Realty Insurance Transportation Sellers 60

Housing Wire

MAY 12, 2022

Inventory is contracting. First, it’s not necessarily what the buyer even wants—we’re talking about one of the most important investments of a person’s life, not a spur-of-the-moment Amazon order. Yes, a customer should be able to upload documents to a portal or receive a digital approval letter. Rates are rising.

Lending 306

Lending Marketing Technology Contracts 306

Birmingham Appraisal

JUNE 13, 2023

This can include a copy of the listing sheet, a list of recent improvements or upgrades, a plat map or survey, a floor plan, and any other relevant documents. If there are no comparable sales that support the contract price, this may result in a lower appraised value. Do provide a packet of information about the property.

Real Estate Agent 79

Real Estate Agent Real Estate Agents Reconsideration of Value 79

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. Time is money. 1: They don’t say “I want to see what’s out there”.

Real Estate 77

Real Estate Clients Marketing Buyers 77

Eppraisal

FEBRUARY 28, 2023

They have different impacts on both the buyer and the seller in a real estate deal. As homes have been selling with multiple offers and at record speeds over the past few years, home buyers have been watching home statuses carefully in case contracts fall through. The buyer must meet these contingencies by a certain date.

Inspection 36

Inspection Contracts Sellers Real Estate 36

Listing Spark

DECEMBER 9, 2020

It is more than likely that if you are selling a residential home in Texas the buyer is going to ask you (home seller) to pay for the title insurance policy. Buyer and Seller will each pay an escrow fee at closing. Document Preparation: When you close, there are several documents you sign such as the warranty deed.

Sellers 69

Sellers HOA Insurance Contracts 69