Remove Buyers Remove Document Remove Insurance Remove Real Estate Agent
article thumbnail

RealReports enhances property document analysis with new multimodal AI feature

Housing Wire

The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures. It can also help agents clearly communicate their unique value and services to homebuyers, sellers and others.

article thumbnail

Homebuyers have many options; let’s make sure they’re aware of them

Housing Wire

Admittedly, the myriad of documents requiring signatures can be overwhelming, especially for first-time homebuyers. The American Land Title Association, alongside our real estate industry partners, are committed to making transactions easier for everyone through consumer education efforts. Where should homebuyers start?

Insurance 489
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. This is one of the easiest parts of Florida to insure and costs have gone up over 40%.”

Insurance 338
article thumbnail

How 2020 exposed a greater need for collaboration between real estate agents and LOs

Housing Wire

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

article thumbnail

Seller impersonation fraud threatens American homeownership

Housing Wire

With real estate inventory at a near-record low, buyers seeking a place to call home are facing stiff competition as bidding wars continue to be commonplace. According to a recent survey, 73% of real estate firms reported an increase in seller impersonation attempts this year. We can reverse this trend.

Sellers 367
article thumbnail

Opinion: More can be done to shorten the average time to close

Housing Wire

Hopeful their initial offer might be accepted or that they might beat out other potential buyers. Unfortunately, those ads don’t talk much about the next month or six weeks, the period real estate professionals call the “settlement process.” Then, they think about the mortgage : a good rate, good monthly payments, and approval.

HOA 408
article thumbnail

CHLA urges FHA’s equal treatment of homebuyers despite commission status

Housing Wire

The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Administration (FHA) that urges the agency to “provide comparable down payment treatment for FHA borrowers, regardless of whether or not the seller is willing to pay the home buyer broker commission,” according to an announcement by the organization.

Sellers 359