Appraisal Buzz

FEBRUARY 22, 2022

What makes a contract a contract? The post A Contract is Born appeared first on Appraisal Buzz. Is it the legal prose, the professional typesetting, or the date across the top? I’m no lawyer, but my mentor once told me that … Read More.

Contracts 195

Contracts Appraisal Legal 195

Housing Wire

JULY 27, 2022

Wire and title fraud remained at all time high levels in the second quarter of 2022 while the market contracted, rates increased and fraud risk continued to rise,” FundingShield CEO Ike Suri said. The post Fraud risk continues to rise even as the market contracts appeared first on HousingWire.

Contracts 297

Contracts Marketing Agents Insurance 297

Inman

MAY 8, 2023

Solid communication, attention to detail and a willingness to go the extra mile are all necessary to create a well-thought-out contract package.

Contracts 148

Contracts Brokerage Agents 148

Appraisal Buzz

FEBRUARY 18, 2022

Homes sold faster than ever during the four weeks ending February 13, as a record 57% of homes that went under contract did so within two weeks of being listed, according to a new report from Redfin. The post Housing Market Showing Nearly 60% of Listed Homes Under Contract Within Two Weeks appeared first on Appraisal Buzz.

Housing Market 284

Housing Market Contracts Appraisal Mortgage 284

Inman

APRIL 6, 2023

Providing the highest level of client service means understanding the ins and outs of real estate contracts. Broker Teresa Boardman breaks down the most problematic and error-prone contract elements for you.

Real Estate 133

Real Estate Contracts Clients Agents 133

Miller Samuel

APRIL 29, 2020

Throughout my career, I have seen brokerage firms publish pending/contract reports, touting pending trends as more reliable than reports based on closings. The simplistic, uninformed argument for pending sales is that contract dates occur before closing dates, so they are more current. I plan to develop one someday.

Contracts 195

Contracts Real Estate Agent Real Estate Brokerage 195

Appraisal Buzz

OCTOBER 7, 2021

The post Mortgage Contracting Services Announces Craig Torrance for CEO Role appeared first on DSNews. The post Mortgage Contracting Services Announces Craig Torrance for CEO Role appeared first on Appraisal Buzz.

Mortgage 195

Mortgage Contracts Appraisal 195

Inman

MARCH 24, 2023

Terms of the contract were not disclosed. The team closed the priciest sale in Orange County last year with a $55 million property in Crystal Cove and was named the No. 1 large team nationwide in the 2023 Ellie Awards.

Contracts 164

Contracts Brokerage Agents 164

Appraisal Buzz

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to. The post What’s in a Sales Contract?

Appraisal 195

Appraisal Contracts Real Estate 195

Appraisal Buzz

NOVEMBER 10, 2021

MSP is a comprehensive, end-to-end platform that supports all aspects of servicing – from loan boarding to default – for first mortgages, as well as home equity loans and lines of credit, The post Pulte Mortgage Contracts with Black Knight for MSP Servicing System appeared first on Appraisal Buzz.

Mortgage 195

Mortgage Contracts Appraisal Construction 195

Appraisal Buzz

AUGUST 5, 2021

Fewer Listings Under Contract YoY in July appeared first on theMReport.com. Fewer Listings Under Contract YoY in July appeared first on Appraisal Buzz. Record-high home prices may be causing some buyers to retreat, as affordability continues to play a factor in homebuyers’ decisions. The post 7.3% The post 7.3%

Contracts 195

Contracts Appraisal Buyers 195

Raleigh Realty

FEBRUARY 24, 2022

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. Then, you look at the status and that other shoe finally has a chance to drop: it's "under contract."

Real Estate 147

Real Estate Contracts Real Estate Agent Sellers 147

Appraisal Buzz

OCTOBER 8, 2021

Virginia Housing has renewed its contract to use Black Knight Inc. ’s The post Virginia Housing, Black Knight Renew Contract for MSP Servicing System appeared first on Appraisal Buzz. s MSP servicing system. Virginia Housing has been a Black Knight client for 25 years. With over 1 million loans expected to exit.

Contracts 150

Contracts Appraisal Clients 150

Housing Wire

SEPTEMBER 11, 2023

Founded in 2022 by Eric Meadow, Home Sale Assured produces a “Guaranteed Backup” options contract, which enables existing homeowners to buy their next home before closing the sale of their current home. During this 90-day period, the client can work with a real estate agent to list their prior home.

Real Estate Agent 369

Real Estate Agent Real Estate Mortgage Contracts 369

Inman

JANUARY 23, 2023

The house is now under contract after just six days on the market, according to a listing on Zillow. Listing photos on Zillow show firefighters extinguishing the blaze as the $1.5 million, 25-year-old mansion actively burns.

Contracts 125

Contracts Marketing 125

Housing Wire

SEPTEMBER 7, 2023

There are only 358,000 single family homes in contract pending now. We saw 64,000 newly pending contracts last week for single family home sales which is 7% fewer than last year. So we have 11% fewer total contracts but only 7% fewer new contracts. The light portion of the bar are the new contracts that week.

Mortgage 439

Mortgage Inventory Contracts Buyers 439

GoForrmz

APRIL 12, 2021

Augment your manufacturing contracts with these powerful fields and features Digital form fields and features can significantly improve the completeness and professionalism of your manufacturing contracts and service agreements. Ready to digitize your digital manufacturing contracts and service agreements?

Contracts 158

Contracts Clients Business 158

Housing Wire

SEPTEMBER 12, 2023

New contracts dipped as affordability is out of reach for so many. There are 348,000 single-family homes in contract right now, with only 54,000 new contracts pending in the last week. In September 2021, when the pandemic frenzy was still underway, there were 80,000 to 90,000 new contracts each week for single-family homes.

Mortgage 399

Mortgage Inventory Housing Market Contracts 399

Riverfront Appraisals

FEBRUARY 22, 2023

As I’ve written about this topic […] The post FAQ #8: What Happens When the Appraisal Comes Back Under Contract Price? I’ve written about it a few times over the years, but since the question keeps popping up, I’ll keep writing about it! appeared first on Riverfront Appraisals.

Appraisal 110

Appraisal Contracts Appraisal Process Real Estate 110

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

Contracts 143

Contracts Real Estate Sellers Tenants 143

Hank Miller Team

FEBRUARY 8, 2022

So what happens if the appraisal is below contract price? Appraisals below contract price will continue to be a challenge in 2022. Consider, appraisals this year will be using data from the already insane market of 2021 and many will still fall below contract.

Appraisal 98

Appraisal Contracts Sellers Buyers 98

Housing Wire

AUGUST 30, 2023

An index of 100 is equal to the level of contract activity in 2001. “The small gain in contract signings shows the potential for further increases in light of the fact that many people have lost out on multiple home buying offers,” said NAR Chief Economist Lawrence Yun.

Mortgage 424

Mortgage Real Estate Inventory Realtors 424

Town & Country Residential Appraisals

MAY 8, 2023

According to Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP), we are required to analyze any contracts for sale. That's why it's important for the appraiser to receive a copy of the sales contract. By viewing the contract, the appraiser may be able to identify irregularities and comment on them.

Appraisal 55

Appraisal Contracts Property Appraisal Real Estate 55

Eyes on Housing

MAY 19, 2023

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building gained market share during recent quarters but experienced a notable drop for construction starts at the beginning of 2023. There were 36,000 total custom building starts during the first quarter of the year.

Contracts 104

Contracts Construction Design Marketing 104

Cleveland Appraisal Blog

JULY 20, 2022

An appraisal gap clause can be written into a contract. 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. In this hot market, it’s not surprising that this type of clause is being written into some contracts.

Appraisal 397

Appraisal Market Value Contracts Buyers 397

Housing Wire

SEPTEMBER 6, 2023

Specifically, mortgage companies and banks who contract with housing counseling agencies for pre- and post-purchase housing counseling services have clear authority under RESPA to use a fee for service.”

Mortgage 391

Mortgage Real Estate Contracts Development 391

Housing Wire

JANUARY 13, 2023

Our upcoming State of the Residential Construction Industry (SORCI) Report will reflect how builders have braced for impact: Despite the rate of new contracts slowing, margins didn’t decrease. of builders showed profitability with $1 million plus contracts on average. Homebuilding Contract Values.

Marketing 471

Marketing Contracts Housing Market Supply Chain 471

Will Springer Realtor

MAY 2, 2023

They have safeguards built in to written agreements such as a purchase contract on a home. Assuming the buyer followed the rules of the contract contingency, he/she would get the earnest money back and the deal is off the table – all thanks to this important condition. Home buyers are consumers. of the offer price for a down payment.)

Buyers 66

Buyers Contracts HOA Appraisal 66

Housing Wire

AUGUST 8, 2023

Lender Toolkit accused Celebrity Home Loans and MLD Mortgage of breach of contract. Both lenders entered into a contract with Lender Toolkit in 2021. Lender Toolkit says Celebrity owes at least $97,288 and MLD Mortgage $138,069. That’s according to separate filings made in the U.S.

Mortgage 284

Mortgage Contracts Legal Insurance 284

Housing Wire

MARCH 24, 2023

An appraisal gap is the difference between what a buyer agreed to pay for a home in a purchase contract and what an appraiser concludes as the fair market value of the property. Because the appraisal isn’t ordered until after the purchase contract is complete, it could be a week or more until the borrower knows if there is a gap or not.

Appraisal 429

Appraisal Contracts Valuation Buyers 429

Housing Wire

FEBRUARY 8, 2023

Some other stats at a glance: The FHA share of total mortgage applications decreased to 11.9% from 12.0% the week prior The VA share of total mortgage applications increased to 13.4% from 11.9% the week prior The USDA share of total mortgage applications remained unchanged at 0.6% from 12.0% from 11.9%

Mortgage 366

Mortgage Contracts Inventory Marketing 366

Hank Miller Team

SEPTEMBER 14, 2022

Can the seller change the disclosure after contract? Contracts fall apart as buyers claim things were omitted, information wasn't accurate, something that was to remain was taken.the list is ever growing. Change the Disclosure Slow down Timmy.Once both parties agree to the terms of the contract that is a binding contract.

Sellers 52

Sellers Contracts Buyers Real Estate 52

Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% After nearly a year, the housing sector’s contraction is coming to an end,” he said in a statement Wednesday. from the prior month, though in-contract deals were still down 17% from February 2022. from February 2022.

Mortgage 303

Mortgage Realtors Contracts Housing Market 303

Eyes on Housing

NOVEMBER 17, 2022

Elevated mortgage rates, high construction costs for concrete and other building materials, and weakening demand stemming from deteriorating affordability conditions continue to act as a drag on single-family housing production. Overall housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43

Contracts 152

Contracts Mortgage Construction Development 152

Housing Wire

AUGUST 21, 2023

There are 365,000 single-family homes in contract now. New pending sales of single-family homes going into contract this week came in at 63,000 vs 70,000 last year. In this chart, the height of each bar is the total number of homes in contract that week. The light red portion of the bar represents those newly in contract.

Inventory 370

Inventory Mortgage Buyers Sellers 370

McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. When should we analyze the contract?

Appraisal 64

Appraisal Contracts Real Estate Market Value 64

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them.

Appraisal 52

Appraisal Contracts HOA Mortgage 52