Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. In addition, homebuyers might have to deal with sellers who are reluctant to sell their homes to DPA borrowers.

Mortgage 442

Mortgage Buyers Loan Officers Sellers 442

Appraisal Buzz

MAY 17, 2021

As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. Almost daily, there is some story on social media about being “turned in” to the state by a disgruntled agent, buyer, or seller for appraising a property below the contract price.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

DECEMBER 27, 2022

The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom. But the housing market in the second half of 2022? The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green.

Housing Market 522

Housing Market Marketing Real Estate Agent Real Estate 522

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. On many of my appraisals at that time, my opinion of value would not support the contract price. Don’t drink the Kool-Aid that any contract price is reflective of market value. Pretty cool!

Inventory 243

Inventory Market Value Appraisal Contracts 243

PennyMac

MARCH 4, 2024

Mortgage brokers work independently with a variety of loan originators, including direct lenders, to help clients find a mortgage that fits their needs. Which type of mortgage lender you choose depends on your personal preference, the type of loan you’re looking for and your financial situation. Mortgage brokers.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Realtor

OCTOBER 16, 2023

Listing agents are going to recommend their seller ask for shorter time periods for loan approval.” “Given the rapidly rising asking prices and multiple-offer scenarios going on, it is quite possible that a property may not appraise at the agreed upon contract sales price. ” 10. .”

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. A full pre-approval is when a mortgage loan officer pulls your credit, verifies your employment and income, has your complete application and has all the required documents from you. Your loan officer may even put your file through an initial underwriting.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

McKissock

JANUARY 18, 2022

They are honest about what the client can afford, and they are willing to go to bat for them. A good agent is willing to share their knowledge of different areas, as well as share their contacts regarding loan officers, essential documentation that shows sellers the buyers are serious, among other services.

Real Estate Agent 96

Real Estate Agent Real Estate Agents Buyers 96

Housing Wire

AUGUST 4, 2023

Yes, you should certainly be able to post an impressive listing and understand the ins and outs of closing, but helping buyers and sellers means cultivating a diverse set of skills to navigate a complex and ever-changing real estate market. Real estate professionals who listen carefully better understand their clients’ wants and needs.

Real Estate Agent 369

Real Estate Agent Real Estate Agents Clients 369

PennyMac

JULY 20, 2021

New agents can also often deliver high quality, personalized service as a result of having fewer clients. Find an agent who really understands the different contracts you need and how to properly fill them out, the legal obligations you’ll run into, and the financial side of the business. What percentage of your clients are buyers?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Birmingham Appraisal

SEPTEMBER 15, 2022

Some examples of this are buyers purchasing a home, owners refinancing a home, and clients who are building a home. Other nontraditional uses for an appraisal include valuation for insurance companies, helping sellers arrive at a market value to list their home, estate planning, and tax appeals.

Appraisal 90

Appraisal Inspection Appraisal Process Real Estate Agent 90

Genworth MI Blog

AUGUST 31, 2022

Similarly, buyers began waiving inspection contract contingencies, which give the buyer options for negotiating remedies or price with the seller if the inspection reveals major issues. All of these pieces of the appraisal process work together to ensure the lender-client is making a prudent business decision in regard to collateral.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

McKissock

APRIL 20, 2021

Despite your chosen work schedule, you’ll have to juggle clients who generally want their agents to be available around the clock. Receive basic training in contracts and how to price properties using comparative marketing analysis. Refer buyers and sellers out to other agents locally and across the country.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Town & Country Residential Appraisals

JANUARY 24, 2020

If you ever experience this from a loan officer, feel free to report this behavior to the CFPB here. They always come in at exactly the contract price. If agents have done their job, then the contract price should be close to the market value. They offer to talk to you about everything. This one is hard to understand.

Appraisal 36

Appraisal Market Value Contracts Clients 36

Housing Wire

MAY 10, 2023

For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity. This has serious consequences for real estate agents and loan officers alike, since it’s usually a zero sum game. One home recently had over 60 offers!

Loan Officers 378

Loan Officers Marketing Inventory Real Estate Agent 378

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. There is just not much out there to buy.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Cornerstone

OCTOBER 26, 2021

In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. Based on CoreLogic data, this graph shows the rate at which appraisal gaps have been increasing: How might this impact you as a buyer or a seller? Lean on your loan officer for guidance.

Sellers 57

Sellers Buyers Appraisal Loan Officers 57

Housing Wire

JULY 19, 2023

He said STRATMOR and many of its peers also advise clients not to announce asset deals because such publicity is not a benefit to either party to the transaction. Normally you’re trying to keep it out [of the public eye],” he explained. “It

Mortgage 370

Mortgage Marketing Buyers Lending 370

Appraisal Today

SEPTEMBER 15, 2023

May a representative of the lender provide an appraisal management company a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer? This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price.

Appraisal 83

Appraisal Real Estate Agent Contracts Real Estate 83

Appraisal Today

OCTOBER 14, 2022

Consistent application of both quality control and quality assurance processes for appraisal review may also be in part a reason for improvement, as appraisers have a better understanding of what is needed by their client. I have always collected all the money owed from my lender clients using the collection techniques I write about.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Appraisal Today

AUGUST 13, 2023

Dear Sellers, the housing market misses you It’s tough to value properties today! Anyway, I don’t mind going back in time and out further, but my preference in an appraisal report is to use older comps from the immediate neighborhood and adjust for how the market has changed since those properties got into contract. percent from 6.93

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Appraisal Today

JANUARY 12, 2024

I always made them and never had any complaints from my lender clients. I worked for an assessor’s office in the late 1970s where we were making 2% per month time adjustments upward. Ignoring market conditions adjustments makes us look incompetent to buyers, sellers, lenders, Realtors, and the general public. percent from 6.76

Appraisal 68

Appraisal Contracts Mortgage Marketing 68

Clear Capital

SEPTEMBER 29, 2021

Following up on lots of the stories that have been out there in the media about potential purchase appraisal bias pertaining to race and ethnicity, Freddie Mac kicked off a study of whether minorities are more likely to receive an appraisal value that’s lower than the contract price during purchase transactions. Kenon Chen. Jeff Allen.

Sellers 69

Sellers Agents Real Estate Buyers 69