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. FINANCING The financing contingency is critical for the buyer.

Contracts 54

Contracts Buyers HOA Inspection 54

Realtor

MAY 17, 2023

While it’s certainly true that you can let go of the anxiety of needing to show your home at any moment, you still need to cooperate with your buyer, the buyer’s agent, and the commitments made in the contract. In those cases, you or your listing agent or the buyer’s agent will need to make the home available for inspection.

Sellers 142

Sellers Inspection Contracts Property Taxes 142

Realtor

JULY 13, 2021

The provisions of a contingency contract are there to protect buyers and sellers. Home inspection. A home inspection is the foundation on which all other real estate contingencies are built. In the inspection, a neutral expert assesses the home for roofing, plumbing, structural, electrical, and other major problems.

Inspection 203

Inspection Real Estate Agent Real Estate Buyers 203

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

Appraisal 305

Appraisal Valuation Inspection Law 305

Realtor

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency. A copy of your contract with the seller. Your home inspection reports.

Buyers 208

Buyers Inspection Contracts Real Estate Agent 208

Listing Spark

FEBRUARY 6, 2023

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. “It is important to get that notice out up front, and this contract is now going to make that a little bit more clear.

Contracts 36

Contracts Real Estate Sellers Buyers 36

Mashvisor

JULY 8, 2022

As a real estate investor, you may occasionally bump into the term “under contract.” ” But what does the term mean in real estate investing? Table of Contents Understanding the Term…

Contracts 67

Contracts Real Estate Investors Investing 67

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

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. An offer comes in at 5 p.m.

Appraisal 409

Appraisal Inspection Real Estate Agent Training 409

Housing Wire

JUNE 21, 2021

You set your appointments the night before, and when you get there that morning, they might already be under contract.” Generally, they go under contract in a day or two.” . “I never know how my day is going to go, because when a new listing comes on the market in Knoxville, the race is on.

Housing Market 432

Housing Market Marketing Realtors Inventory 432

Housing Wire

NOVEMBER 30, 2023

For the additional course, choose from topics such as economics, workplace collaboration, communications and persuasion, and sales and corporate finance.* Real Estate Finance Online: All features of in-person class, offered online using an online course delivery & management system. Athens Campus location.

Real Estate 386

Real Estate Real Estate Agent Law Inspection 386

D Fritz Appraisals

AUGUST 11, 2022

Even with a trusted real estate professional on your side, you should always choose to get a professional inspection and appraisal of the home to give you peace of mind during the process. . Get pre-approved for a mortgage to show the current owner/seller you can afford to finance the home. Both parties sign the contract.

Real Estate Agent 120

Real Estate Agent Inspection Real Estate Sellers 120

Raleigh Realty

MARCH 31, 2021

In every market though, things happen where homes that are under the contract may not reach the closing table and the contingency clause usually protects the buyer and sometimes the seller in the event the parties decide to terminate. The seller does not have the ability to accept another offer. What Does Pending Mean in Real Estate?

Real Estate 148

Real Estate Sellers Contracts Buyers 148

Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

Housing Market 534

Housing Market Buyers Marketing Real Estate Agent 534

Housing Wire

NOVEMBER 30, 2021

of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4% The agency would be well served to also adopt hybrid appraisals and inspection-only waiver policies as additional options to today’s GSE appraisal waivers. Consider that, per recent research by Freddie Mac , 12.5%

Appraisal Process 412

Appraisal Process Modernization Appraisal Valuation 412

Housing Wire

MARCH 7, 2022

between signing a contract to buy a home and purchase closing is 50 days, according to a September 2021 report from ICE Mortgage Technology. million in NFTs were swiped by thieves who tricked OpenSea users into signing contracts allowing NFTs to be transferred without payment. Propy said it is not against the home inspection process.

Real Estate 472

Real Estate Law Inspection Agents 472

Housing Wire

OCTOBER 16, 2023

Homebuyers using a variety of mortgage loans to finance their home purchase are eligible to use assistance options to help with their down payment and/or closing costs. This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. Rate buy-downs are another option I recommend in this market.

Agents 397

Agents Buyers Sellers Inventory 397

Eppraisal

FEBRUARY 28, 2023

As homes have been selling with multiple offers and at record speeds over the past few years, home buyers have been watching home statuses carefully in case contracts fall through. Contingent Status When a house is in contingent status, it means that it has a contract on it but that there are contingencies that the buyer must meet.

Inspection 36

Inspection Contracts Sellers Real Estate 36

Realtor

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency. A copy of your contract with the seller. Your home inspection reports.

Buyers 78

Buyers Inspection Contracts Real Estate Agent 78

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer.

Renovations 221

Renovations Buyers Appraisal Investing 221

Cleveland Appraisal Blog

JULY 16, 2022

There are pros and cons that will be different for everyone based on finances, the type of home you dream of being your forever home, and the availability of the homes in your market. An appraisal is the estimated value of a home that is based on an inspection. Always hire the most reputable company when it’s time to move.

Appraisal 298

Appraisal Contracts Property Taxes Investing 298

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. You can say no to the counteroffer, accept it or propose new changes to the contract. Arriving at a verbal agreement differs from being in a contract.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

The Robert Weiler Company

SEPTEMBER 20, 2020

Inspect Equipment for Safety. Call upon a professional when inspecting the HVAC system. Summer is the best time to renegotiate contracts, plan for significant repairs, and take care of pesky pests. Review Finances and Renegotiate Contracts. Inspect and Clean Debris. Better to be safe than sorry!

Property Management 145

Property Management Tenants Inspection Contracts 145

McKissock

JULY 26, 2022

Timeliness and types of inspections. Regardless of the strengths and weaknesses of the competing offers, the seller can only negotiate one offer at a time until there is a binding contract. because they feel the offer price is too low, too many repairs or inspections are requested, etc.), Finally under contract.

Real Estate 81

Real Estate Counter Offer Buyers Inspection 81

Housing Wire

MAY 2, 2022

From drive-through closings to drone-guided inspections, industry experts got creative to meet the growing demand for new homes for a surge of homebuyers and homeowners who wanted to take advantage of low interest rates. So using the contract price as a proxy for value, the LTV cap is 90. It needs to be a single-family residential.

Appraisal 375

Appraisal Valuation Technology Inspection 375

Housing Wire

SEPTEMBER 9, 2020

Another critical element, according to agents, is not to make the deals contingent upon things like inspections and not to “nickel and dime” the seller. “I think in August something like 600 homes went under contract in a three-week period, which for Birmingham is a lot. That will set the prospective buyer apart, Harrison said.

Agents 485

Agents Marketing Clients Buyers 485

Appraisal Today

JANUARY 26, 2024

Personal Inspection I recently completed an appraisal on a residential dwelling for Lender A that sells loans to Fannie Mae and Freddie Mac and the report was completed on a GSE form. Lender A decided not to grant the loan and the borrower then engaged Lender B to obtain financing. Slow market with 100% seller financing.

Contracts 84

Contracts Appraisal Mortgage Inspection 84

Appraisal Today

SEPTEMBER 22, 2023

To me, the big issue is who is doing the inspections. Most of the inspection training we receive as appraisers happens in the field. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing. Inspection training was very good. Read the full report. Very interesting.

Appraisal 86

Appraisal Training Inspection Real Estate 86

Hank Miller Team

DECEMBER 1, 2021

Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more. Water issues can be present but if it's dry when the home is contracted, the buyer may not catch an issue. The buyer is spending money and possibly losing the deal.

Inspection 52

Inspection Buyers Real Estate Sellers 52

Hank Miller Team

FEBRUARY 27, 2022

Princes are conventional loans with as much down as possible Offer 3-4 in earnest money and deposit it within a day of contract Waive contingencies like inspection, appraisal, and financing Learn what is key to seller and try to accommodate them Keep things simple, no nonsense stipulations or asks This is the market right now (late 2/22).

Buyers 52

Buyers Inspection Contracts Sellers 52

Realtor

JUNE 12, 2018

Don’t skip the inspection. While home inspections are sometimes viewed as a way to protect the buyer from a dishonest seller, the fact is most homes have problems that the owners simply aren’t aware of, says Scott Brown , owner of Brightside Home Inspections in Syracuse, NY. Lawyer up and sign that contract!

Inspection 85

Inspection Real Estate Agent Real Estate Contracts 85

Listing Spark

NOVEMBER 11, 2022

Here is the information you will need to get from unrepresented buyers in order to complete the contracts: Sales price. Option period duration (typically 5-10 days depending on the scope of inspections needed). Pre-approval letter and financing terms from the buyer. 1-4 Residential Resale Contract. Down payment amount.

Realtors 36

Realtors Contracts HOA Sellers 36

Realtor

DECEMBER 4, 2019

Most of the work to determine the value of a real estate appraisal is done during an on-site inspection , where the appraiser will: Conduct a room-by-room walk-through to appraise the condition of the interior. Record the layout of the property, inspect the square footage, and determine whether or not it’s a single-family dwelling.

Appraisal 138

Appraisal Real Estate Inspection Property Appraisal 138

Hank Miller Team

APRIL 4, 2022

While there are no guarantees (esp in real estate), most of the buyers getting under contract are exercising measured risk. Those not waiving inspections try for the “right to inspect”; a modified and very narrow inspection option. Many buyers are also waiving the finance contingency.

Buyers 75

Buyers Inspection Sellers Contracts 75

Realtor

JUNE 12, 2018

Don’t skip the inspection. While home inspections are sometimes viewed as a way to protect the buyer from a dishonest seller, the fact is most homes have problems that the owners simply aren’t aware of, says Scott Brown , owner of Brightside Home Inspections in Syracuse, NY. Lawyer up and sign that contract!

Inspection 78

Inspection Real Estate Agent Real Estate Contracts 78

CA Realty Training

SEPTEMBER 6, 2021

We will discuss the three contingencies that you’ll see, which are appraisal, inspection, and loan. So, the buyer will pay for an appraiser to inspect and write a report on the home’s value. What is an Inspection Contingency? A general inspection contingency is to understand the home’s structural integrity.

Real Estate 56

Real Estate Agents Inspection Real Estate Agent 56

McKissock

JANUARY 6, 2023

The top five non-QM lending companies (according to Scotsman Guide) are Fairway Independent, Angle Oak lending, Guaranteed Rate, CoreVest Finance, and Acra Lending. These may be full-time jobs or contracted services. This type of inspection is different from the type of inspection that an appraiser performs on a residential property.

Appraisal 74

Appraisal Training Lending Land Management 74