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What’s in a Sales Contract? Insights from a Seasoned Appraiser

McKissock

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. When should we analyze the contract?

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Altos: Sellers are coming back to the housing market, can buyers keep up?

Housing Wire

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 398
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Are home sellers finally coming back to the market?

Housing Wire

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. Could we see new inventory from distressed sellers if we see a deep recession?

Sellers 454
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Altos: More sellers and price reductions, but fewer homebuyers

Housing Wire

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. And sure enough the number of new contracts started this week dipped. More sellers with price cuts than a year ago. As demand slows, inventory grows.

Sellers 434
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5 Ways to Help First-Time Homebuyers

McKissock

Dale Schaechterle, the founding partner and CEO at Realty Executives Integrity , shares with Forbes that the services of a good real estate agent are essential for a first-time home buyer given the complicated network of mortgage rates and tax laws that they will have to navigate. Download for free here. Location, Location, Location.

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4 reasons you’re better off selling your house this summer [INFOGRAPHIC]

Cornerstone

Download the infographic here. Here’s an overview of why selling your house now may be optimal: Because inventory is so tight and demand is so high, buyers are competing for limited listings as homes fly off the market. What really sticks out about this summer is a lack of seller competition. Reading Time: 3 minutes.

Sellers 61
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Market Value: Who Says What It Is?

McKissock

Free Download: Ready to launch your appraisal career? So, this is a pretend sale between a typically motivated buyer and a seller. A sales contract price on a subject property is just an agreed upon amount for the pending transaction between that buyer and that seller.