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Asian real estate group, other advocates claim Florida law violates Fair Housing Act

Housing Wire

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

Law 328
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What is The Market?

George Dell

Perfect competition is when you have many buyers and sellers. A real property market is seldom or never perfect. A gathering or place for buying and selling things. It can be physical, or virtual, and involves at least one third party for competition. A “market” for […] The post What is The Market?

Marketing 195
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Loosening The Knot

Appraisal Buzz

Of course, this applies to the work of real estate appraisal as well. The transaction is a complex interplay between buyer and seller. Striving to look through the microscope of empirical thought, we must not forget that our subject is more than real property, it is real people.

Sellers 379
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New York Gov. Hochul signs bill giving flood risk ‘right to know’ to homebuyers

Housing Wire

“Previously, sellers could opt that the buyer gets a $500 credit at closing and the disclosure requirement was waived,” Hochul’s office explained. This legislation eliminates the ‘credit provision’ and requires the disclosure of information concerning flood risk, flood history, and flood insurance on real property transactions.”

Law 402
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Rocket Mortgage rolls out new loan option for manufactured homes

Housing Wire

Rocket Mortgage is now offering a conventional loan option for buyers who want to purchase or refinance a manufactured home, which expands the home financing options in a rapidly shrinking industry. Once the home arrives on site and is placed on a permanent foundation, it becomes a real property and is able to be financed through a mortgage.

Mortgage 395
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Thinking of selling your real estate brokerage? Here’s how to prepare

Housing Wire

In addition to what’s already been provided buyers may ask for such items as company operating manuals, agent level commission/fee breakdowns, tax filings, litigation information (if applicable), debt/bank details (if applicable), segmented income statements by month and by office, trial balances, capex schedules, and much more.

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Was This Home Overimproved or Underimproved?

Cleveland Appraisal Blog

For example, a residential property with a one-car garage in a market that expects similar homes to have a two-car garage (known as an underimprovement) or too many expensive amenities for its location (known as an overimprovement or superadequacy) is out of balance.” So one buyer may pay more for the same home than another.

Appraisal 284