Housing Wire

NOVEMBER 1, 2023

There’s no question about it, the ‘haves’ definitely have a growth hat on and are buying data to recruit, and they are definitely extremely active.” And so virtually every deal being put on the table now is an asset-only, earn-out offer, with no money upfront, so they [the seller] get paid assuming the buyer makes a profit. “So,

Mortgage 433

Mortgage Loan Officers Finance Buyers 433

Listing Spark

DECEMBER 9, 2020

One of the most common questions we get from our home sellers at ListingSpark is “How do I determine what my closing costs are”? For this article, we are going to focus on the home seller closing costs we would typically see in Texas with a residential sale (commercial sales typically have a different set of fees).

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Sellers HOA Insurance Contracts 69

Housing Wire

OCTOBER 3, 2023

This is a dramatic and peculiar stance, given that same company a couple of years ago launched a $1 million annual advertising campaign touting a 1% listing fee, but only if the seller turned into a buyer for them. Those details are clearly established in the listing agreement between your brokerage and the seller. Imagine that.

Agents 401

Agents Buyers Training Law 401

Housing Wire

MAY 23, 2023

In other words, independent mortgage banks (IMBs) acting as buyers in M&A deals are being asked to assume the future R&W liabilities for past loans sold to Fannie Mae by the seller should the seller, at some point, be unable to honor the terms of the contracts.

Buyers 385

Buyers Sellers Finance Contracts 385

Lamacchia Realty

MAY 6, 2024

Their job is to make sure the sale from the seller to the buyer happens within the confines of the law, while also looking out for your best interests. This agreement is a binding contract that outlines the rights and obligations of the buyer and seller during the whole buying process. When Do I Need an Attorney?

Real Estate 70

Real Estate Legal Law Contracts 70

Housing Wire

APRIL 6, 2021

With others waiting in line behind her, the seller wouldn’t budge on price. It was definitely a rush job! For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. The seller decided to counter back multiple people at $445,000 + no contingencies.

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Appraisal Reconsideration of Value Real Estate Agent Sellers 539

Housing Wire

FEBRUARY 12, 2024

There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. There were 66,000 new listings this week, of which 14,000 are already in contract. Sellers are coming back to this housing market. 14,000 of those new listings are already in contract.

Sellers 408

Sellers Housing Market Buyers New Listings 408

Housing Wire

FEBRUARY 26, 2024

We still see more sellers than last year. Home prices aren’t falling but the growth signals are definitely softening. And sure enough the number of new contracts started this week dipped. We are in the normal range with price reductions, meaning sellers are generally fine, generally getting their prices. Almost 1% dip.

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Sellers Inventory New Listings Contracts 431

McKissock

DECEMBER 14, 2021

The standard residential appraisal report form’s definition of Market Value states in part: “ Implicit in this definition is the consummation of a sale as of a specified date and passing of title from seller to buyer under conditions whereby: buyer and seller are typically motivated…”.

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Market Value Marketing Property Appraisal Appraisal 80

Housing Wire

SEPTEMBER 30, 2020

“But if the pandemic surges up again, I think we’re just going to get busier and busier here, because we are definitely located in the correct position, outside of New York City, where parents can still commute to work and children can have space needed for homeschooling and things like that,” Kanacki said.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Appraisal Today

JULY 1, 2023

Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. For purposes of this monograph, please assume the standard Fannie Mae definition (here by reference). It began with a summary of the definitions of highest and best use versus the definition of market value. percent from 6.73

Appraisal 84

Appraisal Contracts Market Value Mortgage 84

McKissock

JULY 26, 2022

Requests to sellers to pay closing costs. While there may or may not be a definitive time limit in each state (such as 24 hours), it is in everyone’s best interest to submit the offer as soon as possible. There can be situations in a strong sellers’ market where more than one offer is received at the same time. Closing dates.

Real Estate 81

Real Estate Counter Offer Buyers Inspection 81

McKissock

MAY 11, 2022

Before you log too many hours chauffeuring buyers from property to property, make sure they’re truly motivated to navigate the challenges of a hot sellers’ market —from competing with other buyers to committing to contracts that favor the seller. So it’s definitely not a sure thing.

Real Estate 77

Real Estate Clients Marketing Buyers 77

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. Who will buy these assets?

Marketing 380

Marketing Investing Mortgage Investors 380

Housing Wire

MAY 6, 2024

More home sellers are coming back to the market each week. These are new listings that are already under contract, so they’re not counted in the active inventory. That makes a total seller count of 93,000 for the week, which is 20% more than last year at this time. At that time, there were more sellers and more sales.

Inventory 435

Inventory Contracts Sellers New Listings 435

Housing Wire

APRIL 22, 2024

We’re watching sales volumes , which are definitely up over past year but remain slow. Housing inventory When we look at the active inventory of unsold homes on the market, we can definitely see the impact of higher mortgage rates in the past month. We are also consistently measuring more sellers coming back into the market.

Inventory 518

Inventory New Listings Sellers Contracts 518

Hank Miller Team

APRIL 6, 2022

The median time a home is on the market before contracting is 6 days. The trend continues down and through the first quarter of 2022, days on market is running the lowest it’s been at just over 5 days from list to contract. The buyers getting under contract are locked and loaded and move quickly once something is found.

Inventory 94

Inventory Contracts Buyers Sellers 94

Lamacchia Realty

JULY 6, 2022

People will often see “broom clean condition” on real estate contracts and rental leases but are unsure about what it means. What “Broom Clean” Means for Sellers. It is definitely expected that you take everything with you though. Seller Resources. WHAT DOES “BROOM CLEAN” MEAN? ask them first. How to “Broom Clean” .

Landlords 59

Landlords Tenants Decorating Contracts 59

Lamacchia Realty

DECEMBER 18, 2023

To the everyday buyer and seller , they may not think there is much of a difference between the two. By definition, a real estate agent is a sales professional licensed by their state to assist clients in buying, selling, or leasing properties. There are over 1,000 local NAR associations and boards, spanning all 50 U.S.

Realtors 68

Realtors Agents Real Estate Agent Real Estate 68

McKissock

OCTOBER 3, 2021

As a wholesaler, you need to find a property for sale, acquire a contract from the seller, identify a buyer, and assign the contract to him or her. Once you obtain a license, you start building a real estate network comprised of property sellers, property buyers, other realtors, investors, etc.

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Investing Real Estate Real Estate Agent Realtors 87

Housing Wire

JANUARY 10, 2024

SmartZip primarily benefits experienced listing agents, yet any agent willing to nurture seller leads can thrive with this platform. Armed with this data, agents can streamline their outreach efforts and focus on sellers who are ready for their services.

Real Estate 382

Real Estate Real Estate Agent Tools Agents 382

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. Note this definition does not condemn someone for the mere act of anchoring but states that condemnation is oriented to someone who relies too heavily on a specific piece of information.

Appraisal 72

Appraisal Contracts Real Estate Architecture 72

Eppraisal

DECEMBER 6, 2022

Inflation The nutshell definition of inflation is the decreasing purchasing capacity of money. The problem for property sellers is that their sale might be a casualty of this tightening. In brief, recessions result in significant contraction of the workforce -- job losses are common during these downturns.

Real Estate 69

Real Estate Marketing Home Value Realtors 69

Housing Wire

FEBRUARY 7, 2024

The Fannie Mae February Selling Guide has a series of updates , including the expansion of value acceptance and property data appraisal waivers to condominiums, cash-out refinance allowances for manufactured homes, and updates to credit references and certain definitions.

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Retail Project Management Insurance Landlords 427

Birmingham Appraisal

SEPTEMBER 26, 2023

Some people will say that it is market value because you have a willing buyer and a willing seller. For sellers, this can be appealing, as it may justify a higher asking price. Including an exceptionally high sale in an area with mainly moderate values can give a false impression of what typical buyers and sellers can expect.

Real Estate Agent 86

Real Estate Agent Real Estate Clients Agents 86

Portland Appraisal Blog

APRIL 14, 2019

There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. The buyer loves the home and both buyer and seller feel the price is fair. What just happened?

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

McKissock

JANUARY 31, 2023

” “The definition of market value.” ” “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.”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Housing Wire

APRIL 8, 2024

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. As sellers gently re-enter the market, more home sales can happen and are happening. In other words, seller growth continues. That growth looks poised to continue.

Inventory 463

Inventory Contracts New Listings Sellers 463

McKissock

MARCH 10, 2021

If you are working with sellers, regularly update them, and provide feedback from showings. For all clients, follow up with any call, email, or text as soon as possible—and definitely within 24 hours. From day one, learn their expectations for how often you should communicate and follow through if you agree to their terms.

Clients 94

Clients Real Estate Real Estate Agent Agents 94

Listing Spark

MARCH 9, 2023

There were 10 consecutive months of declining sales and many sellers had to recalibrate their expectations in order to get their homes sold. It’s still technically a seller’s market, but it doesn’t feel that way when we have a 4.5x Things are starting to look up in 2023 with a break in mortgage rates. [00:05:15]-[00:05:31]

Real Estate 28

Real Estate Marketing Sellers Home Value 28

Housing Wire

MARCH 22, 2024

We are seeing contracts fall through during the due-diligence period because of the sticker shock on insurance costs, so that is definitely a problem.” It is definitely a significant concern and issue,” Smith said. “It It is definitely a significant concern and issue,” Smith said. Literally since Jan.

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Insurance Inventory Marketing Real Estate 407

Appraisal Today

SEPTEMBER 22, 2023

They should definitely not be paid the same. 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. At least I would have some independent photos.

Appraisal 85

Appraisal Training Inspection Real Estate 85

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). When you are a cash buyer you definitely want to get an appraisal.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

Listing Spark

DECEMBER 6, 2023

Both lawyers and real estate agents can provide helpful guidance during a home sale, but that support comes at such a steep price that many home sellers prefer to manage the entire process on their own. You can comfortably reduce the sales price in exchange for other contract terms. Let’s get technical for a second.

Realtors 36

Realtors Real Estate Agent Real Estate Agents 36

Appraisal Today

DECEMBER 8, 2023

” Many appraisers demand what they call “reasonable and customary fees” Yet there is no definition of what a reasonable and customary fee is since there is no such animal as a reasonable and customary appraisal assignment… To read the full article, plus 2+ years of previous issues, subscribe to the paid Appraisal Today.

Appraisal 66

Appraisal Real Estate Contracts Design 66

Chicagoland Appraisal Blog

JULY 13, 2017

The title is definitely eye-catching especially to an appraiser in Chicago. Did the seller set the listing price? We are required to analyze the contract and where do you think contract analysis begins? Was the seller or buyer unduly motivated in any way? You guessed it with the realtor answering these questions.

Appraisal 78

Appraisal Marketing Realtors Real Estate 78

McKissock

SEPTEMBER 20, 2020

Whether you’re brokering a deal, mediating a dispute, or writing up a contract, negotiation is both a necessary and challenging aspect of business life. The Negotiation Book: Your Definitive Guide to Successful Negotiating. FREE GUIDE : Get the inside tip on how to earn 5% more for each listing with this free guide.

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Real Estate Agent Real Estate Agents Contracts 73