Housing Wire

OCTOBER 2, 2024

You know what you do, but how do you explain it so a buyer understands your value? How you conduct and present yourself to each buyer prospect should not vary by situation or transaction. Here are our ten best practices for working with every buyer client. In today’s market, having a pre-approval (at the minimum) is a must.

Real Estate Agent 441

Real Estate Agent Real Estate Clients Buyers 441

Housing Wire

OCTOBER 8, 2021

home price increase translated into a monthly mortgage payment of $1,179 on a median-priced home — not including property taxes and insurance. The analysis also suggests that most distressed property buyers are performing extensive rehab before reselling, and that most renovated homes are being resold to owner-occupant buyers.

Renovations 543

Renovations Inventory Marketing Property Taxes 543

Housing Wire

NOVEMBER 7, 2023

In many communities, homeowners and homebuyers have been hit with eye-popping property tax increases. And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. But opinions differ on how much impact higher taxes are having on local housing and mortgage markets. “I

Property Taxes 541

Property Taxes Home Value Government Valuation 541

Housing Wire

JUNE 17, 2024

The analysis of historic home prices, income levels and mortgage rates found that baby boomers — Americans between the ages of 60 and 78 this year — “arguably faced the toughest housing market ever for first-time buyers.“ It assumed a 10% down payment and did not factor in property taxes or homeowners insurance.

Housing Market 488

Housing Market Property Taxes Inventory Mortgage 488

Housing Wire

MAY 28, 2024

” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. According to Parrish, some of Incenter’s clients, such as IMBs, face pressures from the market downturn.

Property Taxes 429

Property Taxes Lending Insurance Investors 429

Housing Wire

SEPTEMBER 11, 2024

In the chart below we’re calculating a typical mortgage payment for a home buyer at any given moment over the last three years. It doesn’t appear that home buyers are particularly motivated by payments that are 14% cheaper now than they were in May. Property taxes are also a significant factor for affordability for a home.

Mortgage 451

Mortgage Insurance Inventory Buyers 451

Appraisal Buzz

JULY 8, 2024

Major homeownership expenses – including mortgage payments, property taxes and insurance – now consume about 35% of the average wage nationwide, according to ATTOM’s U.S. The latest affordability data presents a clear challenge for home buyers,” says Rob Barber, CEO for ATTOM, in the report. Home Affordability Report.

Property Taxes 195

Property Taxes Buyers Insurance Lending 195

Housing Wire

DECEMBER 20, 2023

Real estate agents and brokers , are you relying solely on that buyer drip you set up for your motivated and qualified clients? Today we’ll show you how to deploy 6 creative ways to get more from your searches so you can get those buyers in contract faster. Are your buyers being more proactive than you are?

Real Estate Agent 430

Real Estate Agent Real Estate Buyers Clients 430

Housing Wire

OCTOBER 27, 2023

Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules. Listing brokers make offers of compensation to buyer brokers who bring a buyer to the table. As the trial of Burnett v. These local MLS broker marketplaces work in favor of consumers every day.

Real Estate Agent 475

Real Estate Agent Real Estate Realtors Buyers 475

Housing Wire

MAY 21, 2024

For many, buying a home is a complex process, and navigating the real estate market’s rules and regulations can be tricky, especially in states where property sale prices remain a secret. Experienced agents have access to databases, networks, and resources that can help buyers gather information about recent sales in the area.

Real Estate Agent 475

Real Estate Agent Real Estate Inspection Valuation 475

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. It’s a two-story housing market in Southern California,” Cohen said. Who are your main borrowers?

Marketing 388

Marketing Mortgage Inventory Loan Officers 388

Housing Wire

DECEMBER 3, 2020

The bill is expected to add $2 billion to California’s coffers annually, and homeowners with disabilities, seniors looking to move for health reasons, and empty nesters looking to downsize could receive property tax breaks when buying a new home, CAR officials said.

Property Taxes 416

Property Taxes Realtors Law Inventory 416

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. housing market.” Arvind Mohan is CEO of Kiavi , a fix and flip lender that has originated some $12.3

Finance 370

Finance Marketing Renovations Investors 370

Housing Wire

FEBRUARY 15, 2024

housing market for multiple reasons, Redfin said. Baby boomers who continue to make a mortgage payment are also doing so at a lower interest rate when compared with more recent homebuyers, making the prospect of buying another home less attractive than it would be if they entered the market again in the current rate environment.

Property Taxes 475

Property Taxes Insurance Construction Inventory 475

Housing Wire

AUGUST 29, 2024

Labor costs for property management have increased nearly 50% in some markets, and security needs and costs have risen, too. At many affordable housing properties, expenses exceed revenues and owners are now forced to feed budgets to cover costs. A seemingly easy solution would be to sell properties.

Landlords 416

Landlords Tenants Property Taxes Development 416

Will Springer Realtor

MARCH 7, 2023

Residential property is assessed each year at its full market value, which is defined as the amount a buyer, willing but not obligated to buy, would pay to a seller willing but not obligated to sell. A large part of each property tax dollar goes to pay off construction bonds for school buildings and other public projects.

Property Taxes 36

Property Taxes Market Value Real Estate Government 36

Housing Wire

NOVEMBER 29, 2023

Nashville has relatively low property taxes, insurance costs and utility prices, along with no state income tax, all of which definitely help if you’re looking for a lower cost of living.” This could have a negative impact on home prices in those markets.

Property Taxes 430

Property Taxes Real Estate Agent Insurance Housing Market 430

Housing Wire

SEPTEMBER 17, 2024

When you start to see a world where homeowners insurance and property taxes all go up, we’ve got borrowers hovering around a 50% DTI. So, I guess, I put it this way: Yes, we completely screwed off the MBS market. . “I know there are a number of people in Washington who say DTI doesn’t matter.

Property Taxes 417

Property Taxes Government Legal Insurance 417

Appraisal Buzz

JULY 10, 2024

These results demonstrate positive sentiment toward the housing market despite growing prices and current interest rates. Though existing house sales in the United States fell to a nearly two-decade low in 2023, these sentiments show that buyers still have faith.

Property Taxes 367

Property Taxes Finance Lending Housing Market 367

Housing Wire

JULY 27, 2023

Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee ‘s rate hike. The 25-basis point increase to the federal funds rate was widely anticipated and priced in by capital markets. The sideways trajectory of the 10-year Treasury which climbed lately, mirrored financial markets’ uncertainty.

Mortgage 370

Mortgage Property Taxes Housing Market Buyers 370

Appraisal Buzz

AUGUST 13, 2024

Contract-for-deed agreements require the buyer to fulfill a number of payment obligations before the seller will transfer the deed to the residence. The borrower frequently assumes homeownership duties during the contract period, like as maintenance, property taxes, and upgrades.

Contracts 367

Contracts Investors Sellers Lending 367

Housing Wire

MARCH 22, 2023

HousingWire: How is today’s market shaping the need for a better customer experience particularly when it comes to closings? While some elements of PITI are set, others offer buyers opportunity. We’ve seen savings of up to 30% in difficult markets like Texas and Florida. Take insurance, for example.

Insurance 417

Insurance Property Taxes Buyers Clients 417

Housing Wire

JANUARY 29, 2021

Last year, buyer demand increased due to record low mortgage rates. That said, because of those low mortgage rates, and fewer houses on the market, home prices went up. To put it simply, the last half of 2020 was a seller’s market. Low-interest rates are great for potential buyers. But will 2021 be the same?

Property Taxes 468

Property Taxes Sellers Mortgage Insurance 468

Housing Wire

MAY 18, 2021

The trend is reversed in high-tax states, where an average of 2.5 states from 2013 to 2020, correlated with rates of sales tax, income tax and property tax in 2020. ” Nevada , Florida, South Carolina and Texas top the list of low-tax states attracting new residents. .

Real Estate 441

Real Estate Property Taxes Agents Buyers 441

Cleveland Appraisal Blog

JULY 20, 2022

It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. Appraisal gap clauses have become relatively common in recent years due to many homes being sold at prices that market data does not support as being the market value.

Appraisal 397

Appraisal Market Value Contracts Buyers 397

Housing Wire

OCTOBER 21, 2024

real estate market is marked by contradictions that are leaving many confused. It’s a complex landscape where the tension between renting and owning is more pronounced than ever, and regional differences in housing demand highlight the uneven nature of the market. As 2025 approaches, the U.S. But there’s more to the story.

Real Estate 482

Real Estate Marketing Insurance Property Taxes 482

Housing Wire

JUNE 9, 2021

HousingWire recently spoke with Jim Albeertelli, CEO of Voxtur, about the company’s r ecent acquisition and launch of an automated workflow management platform for the global market. HW: What are some of the current challenges regarding property tax assessment?

Appraisal 403

Appraisal Property Taxes Valuation Technology 403

Housing Wire

JULY 10, 2024

Research market data Your work begins once you and your client have set an appointment to meet. It’s crucial for you to know the market and understand the numbers. Market Inventory: What is the current market and micro-market inventory? Days on Market: How long does it take for properties to sell?

Sellers 417

Sellers Real Estate Agents Clients 417

Housing Wire

AUGUST 10, 2023

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. That was nearly double the 8% of buyers who described themselves as owner-occupants in a February 2022 Auction.com buyer survey.

Renovations 370

Renovations Buyers Development Insurance 370

Eppraisal

FEBRUARY 14, 2024

Whether you're a first-time buyer or a seasoned homeowner, understanding these costs is essential for a smooth transaction. Let's delve into the intricacies of closing costs, what they entail, and how they impact both buyers and sellers. What are Closing Costs?

Sellers 36

Sellers Buyers Property Taxes Real Estate Agent 36

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 441

Inspection Appraisal Appraisal Process Buyers 441

Realtor

MAY 17, 2023

While it’s certainly true that you can let go of the anxiety of needing to show your home at any moment, you still need to cooperate with your buyer, the buyer’s agent, and the commitments made in the contract. Negotiating a settlement date Buyers and sellers typically negotiate a settlement date that is mutually agreeable.

Sellers 142

Sellers Inspection Contracts Property Taxes 142

Padove Appraisal Service

FEBRUARY 24, 2023

There are several reasons why someone may want to get a real estate appraisal: Buying or selling a property: If you are buying or selling a property, an appraisal can help determine its fair market value, which can be useful in negotiations and setting a listing price.

Appraisal 148

Appraisal Property Taxes Insurance Market Value 148

Housing Wire

DECEMBER 22, 2020

They’ll send out an appraiser, who will analyze the property and local market to assess its worth. A homebuyer’s guide to a competitive housing market. You can offer more if you’re looking to get a leg up over other buyers. If it’s worth as much as (or more than) you’ve offered on the home, then you’re golden.

Mortgage 430

Mortgage Property Taxes Loan Officers Sellers 430

Lamacchia Realty

MARCH 17, 2023

WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property.

Market Value 73

Market Value Marketing Real Estate Agent Real Estate 73

Appraiserblogs

DECEMBER 28, 2021

In a head to head contest between tax values and AVMs for use in mortgage lending, I’ll take tax assessments…. The Price of Big Data Valuation Fiasco "Price" of this Fiasco may be the Downfall of the American Real Estate Market. I Choose Not to Be Part…. The post UAD to Assist Local Assessors? appeared on Appraisers Blogs.

Property Taxes 114

Property Taxes Valuation Real Estate Appraisal 114

Appraisal Buzz

JULY 12, 2024

Brian Cullen is CEO and Co-Founder of SingleSource (founded in 2000), a provider of property services supporting the U.S. Brian’s responsibilities include daily oversight of all aspects of the company as well as various strategic sales and marketing initiatives. Q: Why are there so many vacant properties? housing industry.

Inventory 221

Inventory Supply Chain Construction Property Taxes 221