Housing Wire

SEPTEMBER 22, 2022

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. million in August.”

Inventory 450

Inventory Housing Market New Listings Mortgage 450

Housing Wire

APRIL 7, 2023

compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. Research from Glossy and Modern Retail coined the “Great Mall Overhaul ” and made the call for a pivot, the evolution from transactional to experiential.

Retail 393

Retail Real Estate Clients Modernization 393

Eppraisal

DECEMBER 22, 2023

Making strategic upgrades is essential because it helps your home stand out, making it more appealing to potential buyers.  These  These improvements cater to modern preferences but also show the property is well-maintained, boosting buyer confidence and potentially leading to a faster and more successful sale.

Home Improvement 36

Home Improvement Real Estate Modernization Renovations 36

Housing Wire

JULY 12, 2022

Its appraisal modernization pilot, which used hybrid appraisals, showed an 18% point reduction in confirmation bias compared with traditional appraisals, which rely on human observations and, as such, potentially could be riddled with overt or subconscious bias. The seller accepts it; they go into contract. An offer comes in at 5 p.m.

Appraisal 404

Appraisal Inspection Real Estate Agent Training 404

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. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

Appraisal 69

Appraisal Inspection Modernization Business 69

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

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

Appraisal Today

JANUARY 20, 2023

Record Share Of Sellers Give Concessions To Buyers Excerpts: ‘Buyers are asking sellers for things that were unheard of during the past few years.’ ’ Home sellers gave concessions to buyers in 41.9% ’ Home sellers gave concessions to buyers in 41.9% Home sellers gave concessions to buyers in 41.9%

Appraisal 52

Appraisal Contracts Sellers Business 52

Listing Spark

AUGUST 23, 2023

Buyers are also starting to search out FSBOs more readily because they want to pursue potential savings. Both Buyers and Sellers See FSBOs as a Way to Save Money Ultimately, both buyers and sellers recognize FSBO transactions as a way to save money. An In-Depth Analysis Buyers also profit from this arrangement.

Real Estate Agent 36

Real Estate Agent Sellers Real Estate Agents 36

Will Springer Realtor

JULY 20, 2021

Gone are the days of buyers and sellers walking into a real estate office to pore over books filled with the latest MLS listings, review typed contracts in triplicate and take in the smell of singed facsimile paper in the air. Consumers want to enjoy the home-buying and -selling experience in a modern, tech-friendly, transparent way.

Real Estate 36

Real Estate Sellers Contracts Buyers 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. 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. But this will only work if you are not competing with other buyers.

Insurance 72

Insurance Inspection Buyers Modernization 72

Housing Wire

DECEMBER 6, 2021

In the next five-to-10 years, Doma CEO Max Simkoff wants to make it possible for a homebuyer to sign a contract on their new home on a Friday evening and move in on a Monday morning. The post In the race to modernize title, firms double down on software appeared first on HousingWire. Qualia CEO Nate Baker.

Modernization 404

Modernization Real Estate Agent Insurance Real Estate 404

Appraisal Today

MAY 31, 2024

Now, the mansion is staged to attract a different kind of buyer, says listing agent Jennifer Ames… “The buyers that are now looking at the house are all younger,” she notes. “We The perception is that the house is [in] more move-in condition, because it feels more modern to the eye.” Excerpts: 7 bedrooms, 8.5+ Ogden Armour).

Appraisal 52

Appraisal Insurance Contracts Architecture 52

Appraisal Today

DECEMBER 16, 2022

Industry Insider Insight on Risk and Modernization. Lenders want a compliant document that allows the loan package to be sold as quickly as possible, while investors want an appraisal that allows for securitization or resale to another downstream buyer. Fannie New Appraisal Form Modernization. Worth attending. December 14, 2022.

Modernization 52

Modernization Appraisal Contracts Real Estate 52

Housing Wire

DECEMBER 20, 2021

Also, the DEO said it is implementing 20 projects to modernize its systems, and 97% of all eligible benefits requested before Oct.15 These contracts lack protections that accompany mortgages, such as forbearance plans and foreclosure procedures. “We 15 for state assistance have been paid to claimants.

Mortgage 392

Mortgage Government Contracts Insurance 392

Listing Spark

OCTOBER 25, 2023

Many homeowners make the mistake of overpricing their property, which can lead to less interested buyers and an extended time on the market. Market research is instrumental in understanding buyer behaviors, the current demand, and the right pricing strategy for your home. 97% of all homebuyers used the internet in their home search.

Sellers 36

Sellers Legal Real Estate Real Estate Agent 36

Clear Capital

MARCH 24, 2023

An appraisal gap is the difference between what a buyer agreed to pay for a home in a purchase contract and what an appraiser concludes as the fair market value of the property. Well, a cure for appraisal gap anxiety has appeared on the scene.

Appraisal 36

Appraisal Contracts Market Value Valuation 36

Appraisal Today

MARCH 8, 2024

This outlook implies that 30-year mortgage rates will climb further to around 6.8% – exacerbating affordability headwinds for the housing market, especially for prospective first-time home buyers. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 7.02

Appraisal 82

Appraisal Contracts Real Estate Housing Market 82

Appraisal Today

APRIL 21, 2023

Despite the fresh coat of paint and a small but modernized kitchen and bath, the home retains many of its original features, including the loft bedroom, where the school’s headmistress once slept. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.43

Appraisal 52

Appraisal Contracts Modernization Mortgage 52

Appraisal Today

APRIL 5, 2024

Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. to 7% range for mortgage rates and anticipated fluctuations will significantly impact buyer affordability and demand. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.74

Appraisal 77

Appraisal Contracts Business Construction 77

Appraisal Today

AUGUST 5, 2022

Fannie: Learn how valuation modernization is changing collateral underwriting – Video, 1 hour, 23 minutes. Excerpt from emailed notice: “Valuation Modernization: New perspectives on collateral underwriting” is a must-see for underwriters and appraisal reviewers. For more details and graphs, click here. 250,000 List price Pending.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

Appraisal Today

JULY 1, 2023

As several calls to the listing agent have gone unreturned, we (and social media) are left wondering why this modern marvel hasn’t sold. New home sales have been driving purchase activity in recent months as buyers look for options beyond the existing-home market. The average contract interest rate for 5/1 ARMs increased to 6.28

Appraisal 85

Appraisal Contracts Market Value Mortgage 85

Appraisal Partners Blog

NOVEMBER 27, 2019

Generally speaking, an appraisal is used to decide if the properties contract price is entirely appropriate; taking into consideration the features, condition, and location of the home in question. Why do I need one as a cash buyer? Information like this could help you to improve or modernize in the future. To Conclude.

Appraisal 78

Appraisal Sellers Realtors Investing 78

Listing Spark

FEBRUARY 28, 2024

Listing agents can push out a new property to get attention from buyers, and buyers’ agents can easily search through the database. This is in addition to the 3% sellers conventionally pay the buyer’s agent. Thousands of buyers who might have been interested in your home may not ever see it.

Real Estate Agent 36

Real Estate Agent Agents Real Estate Tools 36

Appraisal Today

MAY 17, 2024

For buyers, I tell them to look for these homes for sale. Jauregui (agent) explains that the three-level residence was designed to blend modern design with sustainability. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 7.08 percent from 7.18

Tools 64

Tools Appraisal Renovations Design 64

Housing Wire

MARCH 28, 2024

Hopeful their initial offer might be accepted or that they might beat out other potential buyers. More than a few real estate agents will roll their eyes and sigh when asked by a client, upon the signing of a sales contract, “What’s next?” The title industry has finally put the foundation in place for a modernized workflow.

HOA 457

HOA Property Management Real Estate Agent Technology 457

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. The number of potential buyers will decrease as rates go up in many markets. USPAP and the Contract. Some appraisers do not like having a copy of the contract.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

JANUARY 27, 2023

The modern kitchen features wide-board pine floors and lots of windows to soak in the natural light. Most buyers interested in a home that has not been electrified also rely on horse and buggy as a common form of transportation. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.22

Appraisal 52

Appraisal Contracts Transportation Real Estate 52

Zillow

JULY 25, 2016

You've made an offer on a property, the seller has accepted, and maybe you’re about to sign a contract. The amount of money a buyer puts down (and when it’s put down) varies by state and local market. Once deposited, this money can't be moved or touched without written consent from both buyer and seller.

Inspection 36

Inspection Contracts Sellers Buyers 36

Listing Spark

SEPTEMBER 27, 2023

You’re an advisor, a guide who manages the negotiations and technical contract elements of a real estate transaction while helping your clients steer their own buying and selling strategies. Smart software can do a lot of the heavy lifting that realtors do and which buyers, sellers, and investors used to not be able to do.

Realtors 36

Realtors Investing Real Estate Clients 36

Listing Spark

MARCH 15, 2022

One of the biggest differences is that the buyer does not get involved in the appraisals. If the yard is full of toys, tools, or other items, it will be difficult for potential buyers to get a good idea of what the property could look like. This will make your home look more timeless and will appeal to a wider range of buyers.

Appraisal 36

Appraisal Renovations Contracts Buyers 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. To be determined.

Appraisal 52

Appraisal Marketing Business Contracts 52

Appraisal Today

OCTOBER 27, 2023

Nearly one-third of prospective buyers (32%) say the same if the home were in their desired location. The town of The Sea Ranch is the product of architectural pioneers who erected timber-frame, modern structures designed to honor the beauty and serenity of their surroundings. percent from 7.70 percent, with points increasing to 0.77

Property Appraisal 72

Property Appraisal Appraisal Business Contracts 72

Housing Wire

NOVEMBER 22, 2023

In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing over of the keys. The title industry has finally put the foundation in place for a modernized workflow. in question.

HOA 424

HOA Real Estate Agent Technology Real Estate 424

Appraisal Today

JULY 7, 2023

Everything has been fully modernized. Behold the affordable, flying saucer–shaped home that’s looking for a buyer to restore its otherworldly beauty. This was likely driven by reduced purchase activity in some high-price markets and more activity in some of the lower price tiers as buyers searched for more affordable options.”

Appraisal 76

Appraisal Real Estate Contracts Mortgage 76

Aedis Appraisals

JUNE 13, 2017

Regardless of whether you happen to be the buyer, owner, or seller of a property, it’s important to understand the significance of appraisals and how they affect the inherent value of the property in question. When selling a property to anyone other than a cash-only buyer. What Is an Appraisal and When Do I Need One?

Property Appraisal 36

Property Appraisal Appraisal Inspection Real Estate 36

Housing Wire

JULY 7, 2022

Since the announcement , we have heard from a number of lenders and partners about their excitement over our ability to accelerate the digital journey of our industry, our ability to invest in the modernization of the MSP servicing platform, and the open technology approach we bring to the deal.

Modernization 414

Modernization Technology Investing Mortgage 414