Housing Wire

MAY 28, 2021

Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market. The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. Presented by: Move Sales.

Buyers 421

Buyers Real Estate Agent Real Estate Inventory 421

Raleigh Realty

FEBRUARY 24, 2022

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. Then, you look at the status and that other shoe finally has a chance to drop: it's "under contract."

Contracts 147

Contracts Real Estate Sellers Real Estate Agent 147

Cleveland Appraisal Blog

JULY 20, 2022

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? An appraisal gap clause can be written into a contract. In this hot market, it’s not surprising that this type of clause is being written into some contracts. But not always. Okay, maybe not.

Appraisal 397

Appraisal Market Value Contracts Buyers 397

Housing Wire

APRIL 15, 2024

When asked about the language they use to discuss how buyer and seller agent commissions are paid, some of the most common responses included stressing that commissions are and always have been negotiable, and that if the National Association of Realtors’ settlement is approved, some practices may change, but many things are currently unknown.

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Inventory Agents Real Estate Sellers 399

Housing Wire

JANUARY 4, 2024

They are boosting their agent training programs to provide more transparency around compensation and how to have those discussions with buyers and sellers. ” “Presentation within the listing discussion of the option of the seller not to pay the buyer agent per our state’s new contract.”

Brokerage 400

Brokerage Real Estate Training Buyers 400

Housing Wire

OCTOBER 23, 2023

KANSAS CITY, Missouri — The second week of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit kicked off with a bang. In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions.

Law 426

Law Agents Realtors Contracts 426

Housing Wire

MARCH 31, 2021

drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. Gradually increasing mortgage rates, heightened home prices and inventory levels at historic lows finally coalesced in February to depress in-contract deals. Presented by: Truework. and West (96.9)

Inventory 500

Inventory Contracts Housing Market Buyers 500

Housing Wire

OCTOBER 23, 2023

This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract.

Real Estate 367

Real Estate Brokerage Valuation Contracts 367

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 416

Clients Real Estate Inspection Buyers 416

Housing Wire

MARCH 20, 2024

NAR’s proposed settlement – which still needs court approval – includes several rule changes, including a new requirement that buyer agents to enter into a written buyer broker agreement with clients. “We do not have long-term contracts with many of our real estate partners,” the materials read.

Investors 425

Investors Agents Real Estate Buyers 425

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. Better buyer and seller presentations to break down payment to a more granular level,” was one agent’s response.

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Agents Realtors Clients Real Estate Agent 372

Housing Wire

FEBRUARY 14, 2024

Use this tool: Coffee & Contracts Thoughtfully designed by former real estate agent Haley Ingram, Coffee & Contracts offers a suite of upscale social media templates for every social platform. Visit Coffee & Contracts 2. Don’t try to do everything or be everything to everyone!

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Real Estate Agent Real Estate Agents Luxury Properties 403

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. Presented by: Auction.com.

Inventory 421

Inventory Renovations Contracts Buyers 421

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 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house.

Inspection 404

Inspection Real Estate Agent Real Estate Insurance 404

Housing Wire

MAY 11, 2022

Despite a slow start to this year’s spring home buying season, prospective buyers are showing some resiliency to higher rates. Presented by: RMF. The average contract interest rate for 30-year-fixed mortgages with conforming loan balances ($647,200 or less) rose to 5.53% this week from the previous week’s 5.36%.

Mortgage 432

Mortgage Contracts Retail Buyers 432

Appraisal Buzz

AUGUST 16, 2021

In other words, why are appraiser estimating market value below the contract price so often? She had a mountain of offers and sent me a spreadsheet of them once she had obtained the ‘highest and best’ from all the potential buyers. Many will say, we have a willing buyer and seller, so we have an indication of value.

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Market Value Buyers Appraisal Sellers 448

Housing Wire

DECEMBER 30, 2020

Year-over-year, contract signings increased by 16.4%. Presented by: WFG. Although month-over-month contract activity fell in all four major regions, there were still gains in pending home sales transactions. pending home sales slid for the third consecutive month in November, dropping 2.6%

Contracts 534

Contracts Inventory Realtors Government 534

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 397

Agents Buyers Training Law 397

Housing Wire

JULY 3, 2023

While the 30-year fixed-rate mortgages are the bread-and-butter products for PrimeLending (accounting for about 95% of origination volume), down payment assistance programs, renovation loans and temporary rate-buydowns have become popular options for buyers, Lugat noted.

Loan Officers 356

Loan Officers Marketing Retail Renovations 356

Housing Wire

NOVEMBER 30, 2020

However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% The faster price growth is leading to affordability challenges for certain segments of buyers, and particularly for first-time homebuyers,” Kan said. Presented by: Fannie Mae. pending home sales fell 1.1% compared to a year ago.

Realtors 534

Realtors Inventory Contracts Development 534

Housing Wire

NOVEMBER 17, 2023

As expected, the plaintiffs are in opposition to HomeServices’ motion, stating that HomeServices’ claim that the “Plaintiffs have no evidence of conspiracy as to any HSD to create, implement, or enforce the [Buyer-Broker Commission] Rule” is untrue. I would always answer, ‘Yes, commissions are negotiable, but I can only go up from six.’”

Training 383

Training Realtors Agents Real Estate 383

McKissock

AUGUST 13, 2021

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?

Contracts 64

Contracts Appraisal Market Value Real Estate 64

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. The second section, shows the experiences of successful home buyers by race.

Housing Market 434

Housing Market Realtors Buyers Inventory 434

Housing Wire

DECEMBER 21, 2023

I’m here to debunk the myths and explain why every veteran and qualifying service member should embrace this well-deserved benefit and capitalize on the opportunities it presents. The VA approves and contracts with local appraisal professionals to ensure a seamless process. MYTH: A VA loan can only be accessed once.

Mortgage 440

Mortgage Renovations Appraisal Process Finance 440

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 432

Inspection Appraisal Buyers Appraisal Process 432

Housing Wire

OCTOBER 26, 2021

With one of only a few companies that provide an iBuying offering halting business, it does present an opportunity to us as customer demand for streamlined, on-demand real estate solutions remain high.”. “Offerpad is continuing to expand our reach,” company founder and CEO Brian Bair told HousingWire. More will be known Nov.

Supply Chain 531

Supply Chain Real Estate Real Estate Agent Clients 531

Housing Wire

FEBRUARY 2, 2022

The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) increased to 3.75% from 3.72% the week prior. Presented by: Equifax. For jumbo mortgage loans (greater than $647,200), rates climbed to 3.59% from 3.56% the week prior.

Mortgage 409

Mortgage Contracts Inventory Investors 409

Housing Wire

JUNE 5, 2023

As with the rest of the country, the Chicago-area market is dealing with issues stemming from a lack of inventory , and until rates decline, it’s the first-time buyers that Lotsoff and Brok are primarily targeting for volume. “We should see more purchase activity from existing homeowners once rates and/or home prices come down a bit.

Loan Officers 380

Loan Officers Mortgage Lending Retail 380

Hank Miller Team

DECEMBER 17, 2021

It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring? So what's in store for home buyers and sellers that have to make a move this spring? Home buyers are teed up and ready to write…once something decent pops.

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

MARCH 22, 2024

Social media’s interactive nature allows agents to foster relationships and engage in conversations with their audience, which is crucial for building trust and understanding the needs of potential sellers and buyers. The content and consistency that Coffee & Contracts provides really makes it easy to have a good-looking Instagram grid!

Real Estate 398

Real Estate Sellers Real Estate Agent Tools 398

Housing Wire

NOVEMBER 2, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 7.06% on Wednesday from last week’s 7.16%, according to the Mortgage Bankers Association. . Tables have turned for some sellers.

Mortgage 406

Mortgage Sellers Contracts Buyers 406

Housing Wire

AUGUST 31, 2021

“Some early data suggests that the buyer frenzy experienced this spring is tapering, though many buyers still remain in the market. Presented by: Flueid. “We Nevertheless, less competition and more for-sale homes suggest we may be seeing the peak of home price acceleration. By fueling the process with certainty. .

Housing Market 441

Housing Market Inventory Buyers Real Estate 441

Housing Wire

APRIL 13, 2021

Putting a home on the market on a Friday or Saturday is risky, since potential buyers may have already filled their weekend with other home tours, said Redfin Chief Economist Daryl Fairweather. “And listing on a Sunday or Monday means buyers may lose interest before the following weekend,” Fairweather said.

Sellers 410

Sellers Buyers Real Estate Agent Real Estate 410

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. In that case, potential buyers will lay down an ‘as-is’ offer, which means they will acquire the home in its current condition. Buyers may walk away from the purchase.

Renovations 221

Renovations Buyers Appraisal Investing 221

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years.

Real Estate 314

Real Estate Brokerage Buyers Property Management 314

Housing Wire

AUGUST 10, 2022

Activity has now fallen in five of the last six weeks, as buyers remain on the sidelines due to still-challenging affordability conditions and doubts about the strength of the economy.”. Presented by: 1000watt. earlier that month. The purchase market continues to experience a slowdown, despite the strong job market,” said Kan.

Mortgage 358

Mortgage Real Estate Agent Retail Contracts 358