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

Appraisal Buzz

SEPTEMBER 27, 2022

of all homes that went under contract that month. The percentage of backouts has now hovered around … The post Redfin: 60k+ Buyers Cancelled Contracts in August appeared first on theMReport.com. The post Redfin: 60k+ Buyers Cancelled Contracts in August appeared first on Appraisal Buzz. from a year ago.

Contracts 195

Contracts Buyers Appraisal 195

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

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 158

Contracts Brokerage Agents 158

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 262

Contracts Marketing Agents Insurance 262

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

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

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

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

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 102

Contracts Construction Design Marketing 102

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 126

Contracts Marketing 126

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

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

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

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

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

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 455

Marketing Contracts Housing Market Supply Chain 455

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 395

Appraisal Market Value Contracts Buyers 395

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 391

Appraisal Contracts Valuation Buyers 391

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 295

Mortgage Realtors Contracts Housing Market 295

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

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 161

Contracts Mortgage Construction Development 161

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 348

Mortgage Contracts Inventory Marketing 348

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

MAY 25, 2023

An index of 100 is equal to the level of contract activity in 2001. Affordability challenges certainly remain and continue to hold back contract signings, but a sizeable increase in housing inventory will be critical to get more Americans moving.” The NAR’s Pending Home Sales Index maintained its reading of 78.9

Housing Market 319

Housing Market Real Estate Inventory Realtors 319

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

Housing Wire

JANUARY 3, 2023

“Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates , which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home,” Lawrence Yun, NAR’s chief economist, said in a statement.

Realtors 482

Realtors Housing Market Mortgage Contracts 482

Inman

MAY 8, 2023

Charlie Lee, the National Association of Realtors' senior counsel, spoke on legal issues impacting agents at the MLS Association Executives Session at the Realtors Legislative Meetings on Sunday.

Realtors 147

Realtors Contracts Agents Legal 147

Housing Wire

JANUARY 4, 2023

The lender said that despite not formally renewing the contract, CAVU continued to provide the services as of September 2022. The employees’ PrimeLending contracts had non-solicitation, non-interference and confidentiality clauses, according to the lawsuit. That equates to a loss of about 10% of PrimeLending’s workforce.

Mortgage 447

Mortgage Loan Officers Contracts Legal 447

Inman

MAY 12, 2023

Wondering what you missed this week? Find out with Inman's Top 5 most-read stories of the week.

Contracts 137

Contracts Brokerage Agents 137

Housing Wire

JUNE 2, 2021

The average contract interest rate for 15-year fixed-rate mortgages increased to 2.56% from 2.53% The average contract interest rate for 5/1 ARMs saw another week of dramatic fluctuation, increasing to 2.54% from 2.81%. The post Fewer people are submitting mortgage applications appeared first on HousingWire.

Mortgage 531

Mortgage Contracts Inventory Construction 531

Housing Wire

OCTOBER 2, 2020

Signed contracts to purchase single-family homes rose 76% in September from a year ago as wealthy New Yorkers sought refuge from COVID-19. Contracts on homes priced $500,000 to $999,000 fell 1.7% from a year ago, compared with an 11% gain from a year earlier in August. Homes priced $2 million to $3.99

Real Estate 413

Real Estate Contracts Appraisal Marketing 413