A Contract is Born

Appraisal Buzz

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.

A Contract is Born

The Appraiser Coach

What makes a contract a contract? 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.

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Contract Data Is Pending Data Is Lagging Data

Miller Samuel

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.

Housing Market Showing Nearly 60% of Listed Homes Under Contract Within Two Weeks

Appraisal Buzz

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.

Mortgage Contracting Services Announces Craig Torrance for CEO Role

Appraisal Buzz

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.

7.3% Fewer Listings Under Contract YoY in July

Appraisal Buzz

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.

What Does Under Contract Mean in Real Estate?

Raleigh Realty

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.

Virginia Housing, Black Knight Renew Contract for MSP Servicing System

Appraisal Buzz

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. Through its continued use of MSP, Virginia Housing will be equipped to further automate its processes and support residents within the state.

What’s in a Sales Contract? Insights from a Seasoned Appraiser

Appraisal Buzz

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?

The housing market has shifted

Sacramento Appraisal Blog

The housing market has shifted over the past month. That’s what the stats are showing, and it’s what we’re hearing from the trenches.

What does it mean to be “out of contract” in a home sale?

San Jose Real Estate

Buying Tips Contracts & Forms Selling Tips buyer default Covid default escrow in escrow out of contract Real estate seller default sickness silicon valleyIn other words, there is a seller or buyer default happening. How can that happen?

The Appraisal is Below Contract Price, Now What?

Hank Miller Team

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.

SitusAMC renews contract with SBA of Florida

Valuation Review

a provider of trusted solutions supporting the entire lifecycle of real estate finance, renewed its contract with Florida’s State Board of Administration. SitusAMC Holdings Corp., The move helps provide real estate valuation and loan administration services

6 Fields & Features to Add To Your Digital Manufacturing Contracts

GoForrmz

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.

The ugly side of housing: low inventory

Housing Wire

drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. Gradually increasing mortgage rates, heightened home prices and inventory levels at historic lows finally coalesced in February to depress in-contract deals.

How much are buyers paying above the asking price?

Sacramento Appraisal Blog

Market Trends Appraisal Appraised Value Appraiser bidding wars chaotic housing market contract price getting into contract housing 2021 housing market how much are buyers paying original list price paying above appraised value sacramento housing trends Sacramento Real Estate Market

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What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

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. What Is a Land Contract?

MCS CEO Caroline Reaves announces her retirement

Housing Wire

Caroline Reaves, CEO of property services provider Mortgage Contracting Services , announced her retirement on Tuesday after leading the company for 14 years.

December 2021 REALTORS® Confidence Index Survey: Fewer Buyers Waiving Appraisal, Inspection Contract Contingencies

National Association of Realtors

The fraction of buyers who are waiving appraisal and inspection contract contingencies has been trending downwards in recent months, with REALTORS® saying that 19% of buyers waived the inspection contingency in December 2021, down from 27% in July, and 21% waived the appraisal contingency, down from 29% in June.

Homebuyers drawn to cheaper areas in Midwest and South

Housing Wire

Homebuyer contract signings in the U.S. The more moderately priced regions of the South and Midwest are experiencing stronger signing of contracts to buy, which is not surprising,” Yun said in a statement.

Hamptons home sales begin cooling after summer’s frenetic pace

Housing Wire

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%

Tips for Homeowners Concerned About Appraisals Below Contract Price

Will Springer Realtor

About 13% of appraisals came in below the contract price this August, the most-recent available data, according to housing-research firm CoreLogic. housing market is 7% of all mutually accepted contracts. Not all home appraisals – and those who conduct them – are created equal.

What is An Active Option Contract in Real Estate?

Mashvisor

While real estate websites like Mashvisor have made it easier than ever for beginner real estate investors to find potential income properties online, they still have to navigate a sea… Beginner Investors Investor Blogs Appraisal Home Inspection Listings

How servicers continue to protect neighborhoods amid COVID

Housing Wire

Sponsored Content covid-19 Executive Conversation MCS Mortgage Contracting Services sponsored virtual events

Square Foot Prices Up in 2020

Eyes on Housing

Median sale and contract prices per square foot went up across all US regions, except for. Read More › Construction Statistics Economics Housing Data home building price per square foot s: contract price per square foot sale price per square foot single-family Square foot price

Chicago Homes Under Contract Experienced Optimistic Increases 3rd Week in A Row During COVID-19 Stay At Home Order

Chicagoland Appraisal Blog

Some optimism is in order as listings under contract have experienced stable increases for the 3 rd week in a row (scroll to bottom). .

Billionaires Row Continues to be Challenged

Miller Samuel

Since contract data is not public record and is easily manipulated, I estimated the state of the key buildings as best I could, using ACRIS for closed sales, Streeteasy contract tags, and feedback from market experts in and around the brokerage community.

A New ‘Standard’ for ROV Requests

Appraiserblogs

Appraisal Appraisal News Appraisers News Dodd-Frank Act / C&R Fees Home Valuation Code of Conduct HVCC appraisal news comparables contract price Dodd Frank Dodd Frank Law ROVSince beginning using this Standard, I have had ZERO ROV requests.

What If the Appraisal Comes in too Low?

Appraiserblogs

…how to prevent a low appraisal in the first place… As real estate brokers in New York City, many buyers ask us what options exist if the appraised value comes below the contract’s purchase price.

Low Appraisals – 5 Options When Appraisals Come In Low

JMV Lending

Whenever an appraisal comes in under contract price, we work quickly to consider all options with both agents and buyers, and we can usually resolve appraisal issues within a day if everyone is responsive. Appraisals Our Blog appraisal low appraisals under contract price

Don’t Sign a Contract With a Builder Until You’ve Done These 5 Things!

Hood Homes Blog

The builder’s rep already preapproved you with their lender and has a contract out ready for you to sign. Get the inside scoop and be better informed by having an agent who can advise you and go over the contracts with you. Updated 9/21/18; Originally published 2/7/16. It’s awesome!

Seller rent back after close of escrow: what do you need to know?

San Jose Real Estate

Buying Tips Contracts & Forms Most Popular Articles Selling Tips lease rent back seller in possession after close of escrow silicon valley

The ‘Urban To Suburban’ Narrative Is Really ‘Manhattan To Suburban’

Miller Samuel

The New York Times created a terrific graphic on our Elliman New Signed Contract Report by illustrating the performance of Manhattan and Brooklyn versus Westchester County. This post previously appeared in the August 14, 2020 edition of Housing Notes.

Manhattan Co-op Sales Fall During Federal Election Year

Miller Samuel

My methodology: The data set was co-op based because they account for 74% of the apartment market and doesn't have the wild fluctuation of contract versus closing date because of condo new development lags.

Should You Buy or Sell Your Silicon Valley Home “As Is”?

San Jose Real Estate

Buying Tips Contracts & Forms FAQs Selling Tips As Is Sale buy a home home selling tips sell a home Seller Tips sellers tips Selling your Silicon Valley Home silicon valleyWhat is an As Is Sale?

NEW California Disclosure – Home Fire Hardening Disclosure and Advisory

San Jose Real Estate

Contracts & Forms Environmental Hazards Foothill Areas Home Improvement Natural Hazards Safety Disclosure disclosure obligations disclosures fire fire insurance form forms paper paperwork

Protected: Cryptomania and NFTs and Beeple, Oh My!

Magnusson Group

Blog Alexis Ohanian Beeple Bitcoin christie's cryptocurrency cryptokitties David Hockney Everydays fractional ownership Jeff Koons Lindsay Lohan Lolli multiples NFTs Prints scarcity Serena Williams smart contracts The Magnusson Group tradability uniquenessThis content is password protected.

Pending Home Sales Index Decreases 1.2% to 103.7 in March, Reports NAR

Appraisal Buzz

Pending home sales dropped in March, signifying five straight months that contract activity has declined, according to the National Association of Realtors. Month-over-month, only the Northeast saw an increase in contract signings, while the three other major U.S. All four regions reported decreases in year-over-year contract activity.

National Association of Realtors Observes Pending Home Sales Drop in September

Appraisal Buzz

regions saw contract activity decline month-over-month and year-over-year, with the Northeast weathering the largest yearly drop. An index of 100 is equal to the level of contract activity in 2001. Contract.

ICE Introduces U.S. Residential Mortgage Rate Lock Index Futures

Appraisal Buzz

is launching its first mortgage futures contracts on June 13, 2022, subject to regulatory approval. The two futures contracts will be cash-settled and based on the ICE U.S. Intercontinental Exchange Inc.