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. . “The Tables have turned for some sellers.

Mortgage 395

Mortgage Sellers Contracts Buyers 395

Housing Wire

NOVEMBER 7, 2023

If they’re dying to be in just one specific neighborhood, door-knock that neighborhood for them to uncover the next motivated seller. If they are in a new construction price range but haven’t really considered it, go take a video of a home that could be a match for them and see what their thoughts are. Overcommunicate.

Clients 375

Clients Buyers Real Estate Agent Real Estate 375

Housing Wire

JULY 26, 2021

That kind of drawn-out timetable is typical for the majority of western nations that use the auctioneer system where a seller works with one, perhaps two, auctioneers. fee to the seller. If a showing is to happen, buyers must make appointments with each seller auctioneer to view those homes. Compare all that to the U.S.

Real Estate Agent 382

Real Estate Agent Real Estate Sellers Legal 382

Housing Wire

FEBRUARY 18, 2022

Homes went under contract in just 19 days on average, down from 21 a year ago. Homes priced between $100,000 and $250,000 were down 23% from January 2021, while sales of homes priced between $750,000 and $1 million rose 33%. Sales of homes priced above $1 million were up 39%. “While the 6.7

Supply Chain 404

Supply Chain Inventory Buyers Contracts 404

Housing Wire

DECEMBER 20, 2023

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. You’re less likely to have to compete for those, and the sellers are likely to be more motivated to make a deal. Change your strategy if they can’t or won’t compete.

Real Estate Agent 368

Real Estate Agent Buyers Real Estate Clients 368

Housing Wire

JUNE 7, 2022

“These results suggest to us that increased mortgage rates, high home prices and inflation will likely continue to squeeze would-be homebuyers — as well as those potential sellers with lower, locked-in mortgage rates — out of the market, supporting our forecast that home sales will slow meaningfully through the rest of this year and into next.”.

Mortgage 371

Mortgage Housing Market Contracts Construction 371

Housing Wire

DECEMBER 8, 2023

Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients. Should they consider new construction? Help them write a winning offer Understand what the seller is desiring beyond the asking price. Should they buy first or sell first?

Clients 394

Clients Real Estate Inspection Buyers 394

Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract. It's one of the final steps after going under contract.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

Real Estate 299

Real Estate Brokerage Buyers Property Management 299

GoForrmz

OCTOBER 26, 2022

From virtual tours to real estate apps, it now takes less time and effort to communicate between sellers and buyers. Whether you’re searching for forms for construction , property management, home services, buying, or selling, we’re here to help. This means more competition at faster rates than ever before. That’s where we come in.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

McKissock

JULY 26, 2022

Constructing a real estate offer is an art. In order to reach an acceptable agreement with the most favorable terms, make sure your buyers are aware of the market and the most important factors when constructing an offer. Requests to sellers to pay closing costs. If the seller does not find the initial offer acceptable (e.g.,

Real Estate 81

Real Estate Counter Offer Buyers Inspection 81

Raleigh Realty

JULY 31, 2022

Major Home Inspection Issues and How to Handle Repairs If your home inspection turns up any of these 7 major issues it could be time to negotiate some mandatory fixes with the seller before you proceed with purchasing the home. This is one of the steps that happen after you go under contract and sometimes can happen prior to.

Inspection 148

Inspection Sellers Real Estate Agent Buyers 148

Zillow

JANUARY 23, 2018

Buying new construction seems simple, right? No sellers to deal with, no unexpected repairs that come up during inspection, no drawn-out negotiations. Having your own agent provides a sense of security," says Seattle-area homeowner Kristy Weaver, who has bought two new construction homes from two different builders. "It

Construction 36

Construction Agents Buyers Real Estate Agent 36

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 77

Appraisal Real Estate Real Estate Agent Contracts 77

Hank Miller Team

NOVEMBER 22, 2022

They do not represent either buyer or seller. In simple terms, the lender will not lend more than a certain percentage of what the home is worth as of the date of contract. On occasion, appraisals come in below contract price. Many inspectors have past real-world experience in a construction trade and that can be a huge plus.

Inspection 52

Inspection Appraisal Buyers Sellers 52

McKissock

JANUARY 31, 2023

” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical. ” Appraisers are unbiased and must follow guidelines “I wish they understood that we cannot always ethically hit the sale contract price.” Was the seller highly motivated? .”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Appraisal Today

APRIL 5, 2024

With shifts in existing and pending home sales, new home sales, construction activity, and economic indicators such as inflation and mortgage rates, appraisers are navigating a complex landscape. Appraisers should consider the potential impact, especially in markets with significant new construction. baths, 6,263 square feet, 2.23

Appraisal 77

Appraisal Contracts Business Construction 77

Empire Appraisal Group

JANUARY 11, 2023

NAHB: Sharp Contraction in Construction. Labor shortages combined with lot shortages, higher material costs and lending issues for builders are all compounding factors preventing more construction. There will be a lot of resetting expectations for both buyers and sellers.”. Realtor.com®

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Hank Miller Team

DECEMBER 17, 2021

So what's in store for home buyers and sellers that have to make a move this spring? Buyers will again be challenged and sellers will reap the reward…until they become buyers. Is new construction the answer? Smart sellers of desirable homes will exploit this and push prices adding to the maelstrom. Probably not.

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

The Robert Weiler Company

SEPTEMBER 9, 2022

Hiring a real estate lawyer to review all contracts first is best. Another loan option for buying land is a land contract. With a land contract, the seller provides the land buyer with the loan, instead of an institution. With a land contract, the seller provides the land buyer with the loan, instead of an institution.

Real Estate 78

Real Estate Buyers Contracts Development 78

Hank Miller Team

DECEMBER 1, 2021

But unless the buyer and agent have a working knowledge of construction and a level of experience that allows them to spot signs of trouble, the buyer may be walking off a cliff. Water issues can be present but if it's dry when the home is contracted, the buyer may not catch an issue.

Inspection 52

Inspection Buyers Real Estate Sellers 52

Appraisal Today

JANUARY 19, 2024

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. An example of this in real estate appraisal is the purchase and sale contract. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.24

Appraisal 74

Appraisal Contracts Real Estate Architecture 74

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

But did you know there are a number of other reasons you should be contracting an appraiser to perform a professional valuation on your property? When you are the seller of a FSBO (For Sale By Owner). Consulting services are what you need if you are looking to remodel, subdivide or construct an new addition.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

Boston Appraisal

DECEMBER 11, 2023

The appraisal process is important for homeowners, buyers and sellers. If the property is a new construction building, the appraiser may use the Cost Approach , which estimates the value of a property based on the cost of replacing it with a similar one.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Easement 78

Eppraisal

DECEMBER 5, 2023

You also have a say in every architectural choice, from the floor plans to the materials builders will use in construction. Generally, the process includes a preliminary phase — which involves signing contracts for the architectural design and site plans — and pre-construction, where the project gets approval.

Architecture 36

Architecture Construction Inspection Design 36

Listing Spark

FEBRUARY 9, 2023

People typically use an appraisal to validate the value of a home or property for real estate transactions between buyers and sellers, or if homeowners are refinancing their mortgage. Examples include: the square footage, # of bedrooms, # of bathrooms, type of construction materials, type of roof, etc.

Appraisal 36

Appraisal Sellers Market Value Contracts 36

Empire Appraisal Group

DECEMBER 14, 2023

1 in 3 Sellers Granting Buyer Concessions By Kerry Smith Two Fla. SEATTLE – Home sellers gave concessions to buyers in 35% of U.S. Tampa, however, saw a rise in seller concessions to 43.1% It does not include a seller-lowered list price or price cut that resulted from buyer negotiations. But in Tampa, 43.1%

Sellers 78

Sellers Buyers Agents Contracts 78

D Fritz Appraisals

AUGUST 12, 2019

Appraisers also factor in the neighbourhood, such as nearby school zones, local crime rates, the lot size, proximity to amenities, and any up and coming construction that might increase the value of the existing property. They both happen prior to the sale of a home and are often both added as subjects on a contract.

Inspection 94

Inspection Appraisal Real Estate Property Appraisal 94

Appraisal Today

DECEMBER 8, 2023

High rates have forced some sellers to lower their asking price to make up for high interest rates on monthly payments. That’s partly because sale-price data is a lagging indicator, reflecting deals that went under contract a month or two ago. Sellers “had to sell” typically because of a job loss, divorce, or other personal reason. =

Appraisal 67

Appraisal Real Estate Contracts Design 67

Hank Miller Team

JULY 12, 2023

Fewer buyers, fewer contract and sales. Listing inventory down as well, in the mix is the dearth of new construction when builders slammed on the brakes. Still a sellers market, just not as bonkers for buyers. Those sellers that accurately price and market their home still tend to see multiple offers and short market times.

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Will Springer Realtor

APRIL 14, 2023

After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

Contracts 36

Contracts Buyers Housing Market Design 36

CA Realty Training

SEPTEMBER 6, 2021

So, the seller hopes that the appraised value is $1,000,000 or higher. The seller is happy, the buyer is happy, and the appraisal contingency can now be removed. . The sellers will have to find an offer from another buyer who has financing. This also makes their offer more attractive to sellers. They’re not open-ended.

Real Estate 56

Real Estate Agents Inspection Real Estate Agent 56

Appraisal Today

JULY 21, 2023

Often, the MLS mentions that the sellers will fill in the pool, but I don’t know if that has ever happened. The sellers originally bought the land for $12 million back in 2010. Shortly after, Oatman Architects was brought on for the construction, which wrapped three years later in 2013. Where I live, very few homes have pools.

Appraisal 90

Appraisal Real Estate Contracts Business 90

Listing Spark

AUGUST 25, 2022

They impact both buyers and sellers and are key in negotiations and identifying any problem areas in homes. Even if you’re buying new construction, you should be using a home inspector. For most buyers and sellers though, they don’t know what they should be looking for in a home inspection. Episode overview.

Inspection 36

Inspection Real Estate Construction Sellers 36

Appraisal Today

SEPTEMBER 22, 2023

A buyer gets a seller’s disclosure statement for that information. Tomorrow, I’m supposed to become a data scientist and try to decipher the value of a property I’ve never seen, bought and sold by buyers and sellers I’ve never met. I purchased a large house on the water with a dock in 1995 for $375,000 with 100% seller financing.

Appraisal 87

Appraisal Training Inspection Real Estate 87

Housing Wire

NOVEMBER 9, 2023

Expired listings Expireds are near the top of the list because these sellers want to sell and many have to sell. There’s been a big increase in expireds recently since most agents still had too-short listing agreements in anticipation of the hot seller’s market continuing. Is there new construction nearby? When have you asked?

Real Estate Agent 373

Real Estate Agent Real Estate Agents Open Houses 373