Realtor

OCTOBER 16, 2023

for first-time buyers is $12,274 (around 6%), in addition to $1,983 in closing costs. ” However, keep in mind that you will have to pay private mortgage insurance if you put less than 20% down, which increases your monthly payments. down,” says Yifan Zhang , CEO of the host-to-own homebuying program Loftium.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

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

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

Marketing 390

Marketing Mortgage Investors Sellers 390

Housing Wire

OCTOBER 13, 2022

Meanwhile,” he added, “a large buyer might be able to load that same [mortgage] production [via an acquisition] and not take on any [additional] corporate expenses.”. Past is Present. Emblematic of the excesses that took place, in 1987 the FSLIC [the now-defunct Federal Savings and Loan Insurance Corp.]

Mortgage 366

Mortgage Marketing Buyers Sellers 366

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

Berkshire Hathaway

APRIL 28, 2022

Reason #2: Real Estate Agents Provide Errors & Omissions (E&O) Insurance. You could draft the contracts yourself if you are a skilled litigator, or have a lawyer draft contracts for you, but neither of those options provide Errors & Omissions Insurance. Reason #3: Advertising your home.

Real Estate Agent 67

Real Estate Agent Advertising Insurance Real Estate 67

Hank Miller Team

APRIL 9, 2024

Hey home buyers, they’ve been lying to you. Buyers waiting for prices to substantially drop are wasting time and losing money. Sounds like the typical hack agent line, but serious buyers need to accept things and get it done. Gaslighting Home Buyers The amount of nonsensical babble distributed by the MSM is mind-numbing.

Buyers 40

Buyers Sellers Real Estate Agents 40

Housing Wire

JULY 12, 2022

Alternative appraisals, however, rely more on objective data and an “arm’s-length” process between the appraiser and the homeowner or buyer, sometimes assisted by technology, a spokesperson for the GSE said. Presented by: Reggora. The seller accepts it; they go into contract. The State of Appraisals in 2022. that afternoon.

Appraisal 404

Appraisal Inspection Real Estate Agent Training 404

Cleveland Appraisal Blog

JUNE 18, 2022

This is why eminent domain appraisers often work closely with eminent domain attorneys to insure that these important concepts are fully understood and applied properly. Buyers gaining power & farewell real estate honeymoon – Sacramento Appraisal Blog. Top Reason For House Rules – The Folson Group Blog.

Appraisal 309

Appraisal Law Development Valuation 309

Movoto

JANUARY 31, 2022

A home closing—also known as the settlement—refers to the date when a property’s title and deed are transferred to the buyer, officially making them the new owner. The closing process typically involves a number of different parties: You: The buyer. Here’s a simple guide to everything you need to know about closing on your first home.

Real Estate Agent 36

Real Estate Agent Sellers Insurance Buyers 36

CA Realty Training

JULY 20, 2021

But, dealing with contracts and disclosures comes with the territory when you’re in escrow. Whether it’s the buyer or the seller, they are the principals in your real estate deal. . The escrow company is responsible for ensuring that every stipulation of the contract is met. They Won’t Write Contracts. By Karen D.

Real Estate Agent 69

Real Estate Agent Contracts Agents Real Estate 69

Appraisal Today

MARCH 15, 2024

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. By Dallas T.

Appraisal 70

Appraisal Inspection Modernization Business 70

Listing Spark

DECEMBER 6, 2023

For one, you’re not required to have a lawyer present during a home real estate transaction. You can speak to buyers’ agents or self-representing buyers directly, market your home the way you prefer, and gain a deeper understanding of the real estate process. Let’s get technical for a second.

Realtors 36

Realtors Real Estate Agent Real Estate Agents 36

McKissock

SEPTEMBER 20, 2021

Article 4 prevents Realtors® from presenting offers, purchasing, or acquiring an interest in any property through self or family members, or the firm’s members and families, or any controlled legal entity without first disclosing their actual position to the “owner or the owner’s agent or broker” in writing before any contracts are signed.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

PennyMac

MARCH 4, 2024

When you work with a lender that provides this, you’re doing much of the legwork involved in obtaining a mortgage contract without actually finalizing it. Down Payment and Mortgage Insurance Most, but not all, home loans will require a down payment.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Listing Spark

SEPTEMBER 25, 2023

While you may not be able to eliminate title insurance costs, closing fees, and the buyer’s real estate agent commission, you can immediately reduce that 10% to 8% by managing the transaction yourself without the help of a listing agent. Blended approach: This method is geared more toward sellers and investors rather than buyers.

Investors 36

Investors Real Estate Agents Investing 36

Appraisal Today

APRIL 21, 2023

2 Lenders require appraisers to carry E&O insurance because they routinely seek to hold appraisers responsible for loan losses. Affordability challenges persist and there is limited for-sale inventory in many markets across the country, so buyers remain selective on when they act. percent from 6.30 percent from 6.26 percent from 6.29

Appraisal 52

Appraisal Contracts Modernization Mortgage 52

Will Springer Realtor

APRIL 10, 2024

Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M. This move, while aiming to “decouple” buyer and seller compensation, may inadvertently reduce transparency for consumers when reviewing home-sale listings.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Appraisal Today

SEPTEMBER 23, 2022

This doesn’t mean every property is worth $45,000 less, but it’s been clear buyers have been resisting paying higher prices.”. Will we see smaller homes more often as first-time buyers flood the market? Work for buyer, seller, or both. Minus: Sometimes differences of opinion between buyer and seller. Insurance companies.

Appraisal 52

Appraisal Marketing Business Contracts 52

Lamacchia Realty

MARCH 26, 2024

Condo sales in particular have experienced a significant decline in recent weeks which can be attributed to the ongoing insurance crisis in the state and to the increased association fees and/or added special assessments for condos due to the more stringent regulations resulting from the tragic Champlain Tower Collapse in Surfside, Florida.

Bracketing 60

Bracketing HOA Sellers Buyers 60

PennyMac

DECEMBER 22, 2020

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. Step 3: Find a Real Estate Buyer’s Agent Who Knows REO Homes. Depending on the lender, you may need to submit special contract forms or paperwork.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Zillow

FEBRUARY 2, 2018

percent of the total, on average (this varies also by geographic area), because the buyer’s agent’s company usually gets half of the entire amount, and of the remaining half, the listing agent’s company gets about 25 percent of that or more. gas, cell phone, signs, insurance, etc.) In fact, they get about 37.5

Real Estate Agent 36

Real Estate Agent Real Estate Agents Buyers 36

Appraisal Today

SEPTEMBER 30, 2022

As it turns out, both the appraiser and the home inspector had each independently inspected the home 18 months prior and both mistakenly reported a few of the smoke alarms present at the home, as CO detectors. National Counsel for Liability Insurance Administrators. CO Detector vs Smoke Alarm. To read more, click here . percent from 6.25

Appraisal 52

Appraisal Inspection Easement Contracts 52

Houston Properties

JANUARY 13, 2021

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? On the other hand, the four restaurant workers would still need to spend monthly payments for rent, food, transportation, and insurance. Properties are still going under contract. Remember: real estate is hyper-local!

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

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. And, frankly, give them more time in the day to spend with their buyer or seller. But it’s weird.

Technology 379

Technology Real Estate Agents Design 379

Miller Samuel

MARCH 19, 2019

FPI's apparent belief that most of the high-end development sold ended up as empty pied-a-terres while wealthy buyers bid up the prices is incorrect. In other words, the 30 percent price rise wasn’t a “bid up” by wealthy buyers; it was a massive shift in the type of housing stock that was being created and sold.

Real Estate 370

Real Estate Law Development Investors 370

Appraisal Today

OCTOBER 14, 2022

After many years of reading appraisal reports, my response is “One that leaves the reader with few unanswered questions, allows the data to tell the story, keeps appraiser interventions to a minimum and is able to present a case for what a property is worth, as well as what it is not worth.”. Many residents don’t have flood insurance.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Appraisal Today

FEBRUARY 9, 2024

An Inside Look at E&O By Peter Christensen Excerpts: There is no law requiring that real estate appraisers must have professional liability insurance – or E&O insurance as it is often called – except in one state. Common fears are that their insurer will increase their premium or decline to renew their policy.

Appraisal 81

Appraisal Contracts Insurance Construction 81

Appraisal Today

OCTOBER 21, 2022

Check with your E&O insurance company to see if they offer tail coverage and what the requirements are. But what will happen in the future when buyers say they paid too much or lenders say the appraisal was too high or not USPAP compliant for appraisals you did in the past? 2022 business has been very slow for many appraisers.

Appraisal 52

Appraisal Marketing Contracts Insurance 52

PennyMac

JANUARY 3, 2024

With a VA loan, there are: No down payment on home purchase loans* Lower closing cost limits Lower interest rates Relaxed credit requirements No monthly mortgage insurance premiums Already have a VA loan for your first home? For example, in a buyer's market, homes tend to remain listed for longer and may sell at a lower price.

Real Estate Agent 36

Real Estate Agent Buyers Real Estate Mortgage 36

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. Fast forward to the present, and no crash has occurred. However, Anthony clarified at that time that such an outcome was unlikely.

HOA 49

HOA Inventory Buyers Contracts 49

Listing Spark

JULY 5, 2023

Presenting a clean and simple contract and taking on some of the fees may make your offer more appealing. During the option period (generally about five days), your buyer will have the property inspected and may try to negotiate down the price or request repairs based on what they find. But this adds up quickly.

Investing 36

Investing Real Estate HOA Sellers 36

Will Springer Realtor

FEBRUARY 9, 2022

The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s Buyers with the deepest pockets may wait, however. home buyers. Yes, buyers and sellers, we are in a rare price correction period for single-family home sales in King County.

Buyers 36

Buyers Law Inventory Development 36

Housing Wire

JUNE 13, 2022

In May , the administration, in a bid to increase housing supply, announced several additions to its CWCOT program, including an exclusive 30-day listing period for governmental entities, owner-occupant buyers, and nonprofits to bid on foreclosed, formerly FHA-insured properties. Presented by: Mortgage Coach.

Insurance 355

Insurance Inspection Contracts Buyers 355

Appraisal Today

SEPTEMBER 17, 2022

Many homes were re-zoned a few years ago and needed flood insurance. At a big meeting, the primary issue was where to get a surveyor to say that my home was high enough not to require flood insurance. Earthquake insurance is available but expensive. of its homes presenting severe plumbing problems. percent from 5.94

Appraisal 52

Appraisal Construction Contracts Insurance 52

Clear Capital

SEPTEMBER 29, 2021

” Jeff’s Real Estate Joke of the Pod gives us a buyer’s-eye view of today’s real estate market. And then he actually gets a voicemail from a potential buyer asking him to call him back. And the buyers like, “I would like to buy this house full asking price.” The buyer is like, “yeah.

Sellers 69

Sellers Agents Real Estate Buyers 69

The Robert Weiler Company

NOVEMBER 10, 2021

If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. Sweet Deals Sell Fast: Increasingly, would-be industrial property buyers find that municipalities are looking to incentivize certain businesses while de-incentivizing others.

Real Estate 78

Real Estate Retail Investing Tenants 78