The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land.

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

OCTOBER 16, 2023

Zillow research also found that a majority of homeowners with mortgages have locked in a rate below 5%, and are almost half as likely to consider moving. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. But, how do we get them over the finish line when buying a home?

Agents 406

Agents Buyers Sellers Inventory 406

D Fritz Appraisals

AUGUST 12, 2019

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. home appraisal – an often mandatory step the buyer’s lender insists on.

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Inspection Appraisal Real Estate Property Appraisal 94

Hank Miller Team

NOVEMBER 22, 2022

There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. In most cases, if a home buyer is getting a mortgage, an appraisal will be completed. The appraiser represents the interests of the home buyer's lender.

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Inspection Appraisal Buyers Sellers 52

Housing Wire

JUNE 24, 2021

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. Similar to iBuying firm Opendoor , startup Ribbon and a host of other new companies, Accept.inc provides cash to buyers so they can submit a competitive offer, or buy a new property prior to selling their existing home.

Sellers 381

Sellers Buyers Investors Inspection 381

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 437

Inspection Sellers Buyers Tools 437

Realtor

JULY 13, 2021

Getty Images Buyers, we know it’s hard out there for you right now. All of this demand means buyers are going to ever-greater lengths to make their offer stand out. All of this demand means buyers are going to ever-greater lengths to make their offer stand out. Home inspection. Mold remediation.

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Inspection Real Estate Agent Real Estate Buyers 203

Housing Wire

OCTOBER 1, 2022

Mortgage interest rates have risen quickly in the past few months further eroding affordability. Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. It is difficult to obtain a mortgage today.

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Realtors Housing Market Marketing Buyers 395

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

Appraisal 407

Appraisal Inspection Real Estate Agent Training 407

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. The average mortgage rate is a good 1 higher than twelve months ago, with an expected 3-5 Fed rate bumps over '22. How do home buyers get their offer selected? Is that smart?

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Buyers Inspection Contracts Sellers 52

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.

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Real Estate Buyers Inspection Real Estate Agent 36

Raleigh Realty

MARCH 31, 2021

A contingency clause doesn't necessarily mean all hope is lost for prospective buyers. In every market though, things happen where homes that are under the contract may not reach the closing table and the contingency clause usually protects the buyer and sometimes the seller in the event the parties decide to terminate.

Real Estate 148

Real Estate Sellers Contracts Buyers 148

D Fritz Appraisals

AUGUST 11, 2022

Due to demand for homes being highe r than supply, buyer preferences and buying methods have had to change and more people are resorting to buying real estate online or sight unseen. This sometimes generates bidding wars and buyers need to move as quickly as possible, otherwise, they could miss out. Both parties sign the contract.

Real Estate Agent 119

Real Estate Agent Inspection Real Estate Sellers 119

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.

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Inspection Contracts Sellers Real Estate 36

Hank Miller Team

NOVEMBER 4, 2022

Seems that just over 70 of recent homebuyers have buyer’s remorse. In Feb '21 we noted that 44 of homebuyers had buyer's remorse, these new stats are bonkers. This number is a bit of a surprise and the reasons have to do with price but also with just about every other aspect of the buyer's transactions. Most of them.

Buyers 40

Buyers Real Estate Agent Agents Real Estate 40

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Mortgage rates were 18%+. By Dallas T. I worked for an assessor’s office then.

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Appraisal Inspection Modernization Business 70

Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. You can read more about property inspection waivers in a past article I wrote.

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Appraisal Inspection Appraisal Process Real Estate Agent 90

Appraisal Today

SEPTEMBER 22, 2023

To me, the big issue is who is doing the inspections. A buyer gets a seller’s disclosure statement for that information. Most of the inspection training we receive as appraisers happens in the field. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing.

Appraisal 87

Appraisal Training Inspection Real Estate 87

Eppraisal

JULY 19, 2022

Unsure if you should hire an attorney to represent you in your real estate transaction, ask your real estate agent or mortgage lender. 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. The buyer's mortgage company requires this.

Real Estate 36

Real Estate Inspection Real Estate Agent Contracts 36

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

Lamacchia Realty

JANUARY 18, 2022

Contracts written during the purchasing process often attempt to include all possible contingencies that may arise. Home Inspection When you’re considering purchasing a home, you’ll need to get a home inspection done. This inspection will check things like the roof, plumbing, electrical, and structural integrity of the home.

Inspection 74

Inspection Sellers Buyers Realty 74

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. You can say no to the counteroffer, accept it or propose new changes to the contract. Arriving at a verbal agreement differs from being in a contract.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Lamacchia Realty

FEBRUARY 2, 2023

Document Review & Preparation Both a Offer to Purchase and a Purchase and Sales agreement are binding contracts that determines what the buyers and sellers are expected to do as well as important dates that occur during the transaction. This is so important, yet it is too often overlooked by buyers and sellers.

Real Estate 77

Real Estate Sellers Legal Inspection 77

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.

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Real Estate Agent Real Estate Realtors Contracts 133

Birmingham Appraisal

AUGUST 23, 2023

The agent’s client (buyer or seller) can make an informed buying or selling decision and the appraiser’s client (bank) can make an informed lending decision. Creating Accurate Initial Expectations: Agents and appraisers collaborating early in the process help set accurate expectations for buyers and sellers.

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Agents Appraisal Valuation Appraisal Process 82

Realtor

FEBRUARY 22, 2019

If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. To get a mortgage, you’ll need a home appraisal because the home serves as collateral for your lender. Then the buyer pays the fee in the closing costs.

Appraisal Process 78

Appraisal Process Appraisal Mortgage Buyers 78

Realtor

FEBRUARY 22, 2019

If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. To get a mortgage, you’ll need a home appraisal because the home serves as collateral for your lender. Then the buyer pays the fee in the closing costs.

Appraisal Process 78

Appraisal Process Appraisal Mortgage Buyers 78

McKissock

JANUARY 18, 2022

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. How far will their budget truly go? Answer Questions.

Real Estate Agent 96

Real Estate Agent Real Estate Agents Buyers 96

Lamacchia Realty

SEPTEMBER 20, 2023

EVERYTHING YOU NEED TO KNOW ABOUT CLOSING COST CREDITS Buyers , sellers , and sometimes even real estate agents get confused with how closing cost credits work. Closing cost credits are a great tool to help buyers pay their closing costs and have more money after closing. This enables the buyers to bring less money to closing.

Sellers 62

Sellers Buyers Property Taxes Inspection 62

Realtor

JUNE 12, 2018

Difficulty can easily occur when a homeowner and a potential buyer in the same family agree to a sale but keep it to themselves until the deal is in motion. And as a buyer, you want a price that’s fair, but how do you figure out what that number is? Don’t skip the inspection. Lawyer up and sign that contract!

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Inspection Real Estate Agent Real Estate Contracts 85

Eppraisal

DECEMBER 23, 2022

Earlier this week we explored the real estate transaction from the perspective of the Buyer. Listing and Showings After you have listed your home for sale and your listing agent has all the marketing and advertising in full swing, you will start having "showings" Be sure that all buyers are accompanied by licensed real estate agents.

Real Estate 36

Real Estate Sellers Inspection Contracts 36

CA Realty Training

SEPTEMBER 6, 2021

All contingencies are designed to protect the buyer in the event that their conditions are not met. Let’s say you have a house listed at $1,000,000 and you have an interested buyer. So, the buyer offers the full list price of $1,000,000 – great! In this case, the buyer can cancel the deal and get their deposit back.

Real Estate 56

Real Estate Agents Inspection Real Estate Agent 56

Realtor

JUNE 12, 2018

Difficulty can easily occur when a homeowner and a potential buyer in the same family agree to a sale but keep it to themselves until the deal is in motion. And as a buyer, you want a price that’s fair, but how do you figure out what that number is? Don’t skip the inspection. Lawyer up and sign that contract!

Inspection 78

Inspection Real Estate Agent Real Estate Contracts 78

Eppraisal

APRIL 8, 2021

Home values are increasing as buyers are competing for homes. There is so much pent-up buyer demand that homebuyers are in bidding wars and are offering considerably more than list price for homes. Top Dollar Buyers are paying top dollar for homes right now; great if your buyers are paying cash.

Marketing 36

Marketing Inspection Contracts Buyers 36

Eppraisal

NOVEMBER 9, 2021

Home buyers are still flocking to homes when they are listed for sale. Buyers continue to offer list price and above as home values are still going up. When a home buyer doesn’t pay cash for a home, he will most likely be purchasing the home with the help of a mortgage lender. How Does an Appraisal Affect the Buyer?

Appraisal 36

Appraisal Contracts Sellers Home Value 36

Lamacchia Realty

OCTOBER 6, 2021

Many home buyers ask us what their options are if they want to buy a house with knob and tube wiring. No home insurance, no mortgage. You must hire an electrician and submit to your insurance agent a contract stating that the knob and tube wiring will be replaced within 60 days. Financing a Home with Knob and Tube Wiring.

Insurance 72

Insurance Inspection Buyers Modernization 72

Birmingham Appraisal

FEBRUARY 20, 2024

It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what. The lender, whether it be a bank, mortgage company, credit union, or other financial institution will provide the buyer with the funds through a mortgage to pay for the house.

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Agents Appraisal Real Estate Agent Bracketing 86