Housing Wire

APRIL 22, 2024

Photo Credit: AJ Canaria) Between inflation , an uncertain interest rate environment and legal challenges , the real estate industry is facing unprecedented challenges. However, before firms can begin to dive into the financial side of the deal, prospective buyers and sellers must figure out if they are a match.

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Brokerage Real Estate Agents Sellers 380

Housing Wire

OCTOBER 23, 2023

A judgment as a matter of law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, the plaintiffs) on the issue. In addition, the contract stipulated that agents must join their local Realtor association. Goldberg testified that while there are roughly 2.5

Law 420

Law Agents Realtors Contracts 420

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?

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Real Estate Legal Law Contracts 70

Housing Wire

SEPTEMBER 7, 2023

“The buyers want the listing brokers to pay their buyer representative so they can have the most money invested in their down payment and get the best loan terms and rates possible,” Katie Johnson , NAR’s chief legal officer, said. I think listing agents are going to win.

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Buyers Agents Loan Officers Real Estate 390

Housing Wire

OCTOBER 2, 2023

The brokerage said it made this move due to the fact that NAR policies blocks sellers from listing homes that don’t pay a commission to the buyer’s agent, and it blocks websites like Redfin.com from showing for-sale-by-owner listings alongside agent-listed homes. Despite this decision, Redfin said that in roughly half of the U.S.,

Brokerage 376

Brokerage Agents Realtors Legal 376

Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

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Buyers Sellers Finance Contracts 373

Housing Wire

APRIL 5, 2024

Supreme Court and asked for a review of an August 2023 ruling by the Eight Circuit Court, which found that HomeServices could not enforce arbitration agreements signed by seller clients of its franchisees. The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices.

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Brokerage Sellers Law Contracts 390

Housing Wire

OCTOBER 20, 2023

In their cross examination, attorneys for the defendants established that Ellis had knowingly signed a contract to pay a certain commission and that she knew the commission would be shared with whoever the buyer’s agent was. According to Ellis, a 6% commission has already been filled in on the contract prior to her signing.

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Contracts Agents Buyers Real Estate 395

Housing Wire

MAY 6, 2024

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

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Law Real Estate Real Property Contracts 325

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?

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Real Estate Real Estate Agent Contracts Inspection 148

Eppraisal

OCTOBER 23, 2023

The seller can reject your bid, make a counteroffer or accept your original proposal. Your response depends on how the seller replies. If the Seller Rejects Your Offer The seller may deny your home purchase offer for various reasons. You can say no to the counteroffer, accept it or propose new changes to the contract.

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Real Estate Agent Sellers Inspection Real Estate 69

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.

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Real Estate Sellers Contracts Buyers 148

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. The type and range of information you have to provide in the seller’s property disclosure will, of course, depend on the legal regulations of the state where you have the property.

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Renovations Buyers Appraisal Investing 221

Eppraisal

FEBRUARY 7, 2023

We have considered the acquisition of vacant land, financing that purchase; and complying with legal standards. First of all, sellers need to know who shops for vacant land, as noted above. Secondly, owners need to prepare the land just as a home seller needs to stage a house. A good lawyer will see them coming.

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Development Sellers Legal Home Value 69

Eppraisal

OCTOBER 19, 2021

Buyers are offering sellers prices considerably above list price in many cases. There are many instances nowadays where a house doesn't appraise for the price on the contract. This impacts the lenders, the sellers and the buyers in the transactions. However, in today's sizzling hot seller's market, many sellers won't agree.

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Appraisal Contracts Sellers Home Value 66

Movoto

FEBRUARY 23, 2024

Unlike a standard renting agreement, rent to own provides a means to own property for those unable to secure financing , so long as certain conditions are satisfied. However, if the lessee fails to purchase the home or secure financing, payments toward the property are lost, along with the option fee, in most cases.

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Contracts Finance Real Estate Legal 36

Eppraisal

JULY 21, 2023

However, with the constantly shifting dynamics of the housing market and the advent of alternative financing options, it begs the question: Is rent-to-own still a thing in real estate? Let's examine the current status of rent-to-own agreements and explore whether they remain a viable option for both buyers and sellers.

Real Estate 36

Real Estate Sellers Investors Finance 36

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).

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Buyers Inspection Contracts Sellers 52

Eppraisal

JANUARY 29, 2023

In this posting, we will follow the acts of contract negotiation and legal settlement when undeveloped land changes ownership. Contacting the Seller The first question a buyer must answer is whether the lot is listed for sale or not. Subsequently, the process of conveyance must proceed.

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Development Counter Offer Easement Legal 36

Movoto

APRIL 30, 2024

Near the end of the initial lease or rental agreement, you’ll likely need to obtain a mortgage loan to finance the purchase. Rent to Own Condo Contracts Before you transition to purchasing the property, you’ll need to sign a contract for the duration of your lease or rental agreement, much like any other rent to own home.

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Tenants Real Estate Contracts HOA 36

East Coast Appraisal

JUNE 10, 2022

Most buyers opt to finance the purchase of a home through a mortgage lender. It is possible for the appraisal price of a property to be lower than the agreed-upon purchase price between buyer and seller. It's common for sellers to receive multiple offers that are above their list price when selling a home in today's real estate market.

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Appraisal Appraisal Process Real Estate Sellers 52

Realtor

DECEMBER 7, 2019

Monopoly: Hasbro Concept: Greg Chow In a white-hot market, you may feel pressure to make some concessions to win over a seller—and, no, we’re not talking about sending a basket of banana-nut muffins. You want the house, and the seller doesn’t want any hiccups. But it isn’t something sellers or seller’s agents love. “I

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HOA Inspection Sellers Appraisal 108

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.

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Real Estate Agent Real Estate Clients Agents 86

Will Springer Realtor

FEBRUARY 1, 2022

Sellers have the option to review offers on their home upon receipt of the bid or in the future, better known as an “offer review date.”. In a hot sellers’ market, establishing a date to examine bids – especially on a popular home in a desired neighborhood – is a common strategy and one that can generate a frenzy among buyers.

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Real Estate Sellers Buyers Legal 36

Housing Wire

JULY 12, 2022

A certification lightens the legal liability of bias. The seller accepts it; they go into contract. Bureau of Labor Statistics , hemorrhaged 5,000 jobs in May, Inside Mortgage Finance reported. Clear Capital’s Brenan describes his vision of a hybrid appraisal as one which can drastically reduce wait times. “An

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Appraisal Inspection Real Estate Agent Training 404

D Fritz Appraisals

AUGUST 12, 2019

Real estate appraisal documents are legal, confidential documents that are only released to the original requestor of the appraisal report as well as other parties with the original requestor’s permission. They both happen prior to the sale of a home and are often both added as subjects on a contract. What Is a Home Inspection?

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Inspection Appraisal Real Estate Property Appraisal 94

Realtor

DECEMBER 7, 2019

Monopoly: Hasbro Concept: Greg Chow In a white-hot market, you may feel pressure to make some concessions to win over a seller—and, no, we’re not talking about sending a basket of banana-nut muffins. You want the house, and the seller doesn’t want any hiccups. But it isn’t something sellers or seller’s agents love. “I

HOA 78

HOA Inspection Sellers Appraisal 78

McKissock

APRIL 3, 2022

There are usually too many cooks in the kitchen when you’ve got those who handle your listings, payment transactions, as well as your legal documentation with your clientele. For buyers and sellers, this means they’ll get more bang for their buck when they save on commissions and fees typically charged by brokers, lawyers, and banks.

Real Estate 73

Real Estate Real Estate Agent Technology Contracts 73

McKissock

SEPTEMBER 20, 2021

In its Standard of Practice 1-2, “client” means persons or entities with which the Realtor® has an “agency or legally recognized non-agency relationship.” Article 2 requires honest communications regarding a seller’s property. You may represent the seller and will owe fiduciary duties to that seller.

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Real Estate Clients Real Estate Agent Realtors 58

Appraisal Today

JUNE 23, 2023

From determining asset values for financial reporting to assisting with investment analysis, property disputes, tax planning, and mortgage financing, appraisers offer a wealth of knowledge and data that accountants can rely on for accurate and informed decision-making. The models aren’t able to think like buyers and sellers.

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Appraisal Real Estate Valuation Contracts 87

Assurance Financial

DECEMBER 20, 2021

According to Freddie Mac, almost 90% of American homeowners finance their homes with a 30-year mortgage. In a traditional home sale, the seller lists the house for a price that will cover the following costs: The mortgage’s remaining costs. As a result, the seller no longer has that mortgage. Traditional Home Sale.

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Mortgage Sellers Buyers Finance 74

Will Springer Realtor

APRIL 14, 2023

After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

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Contracts Buyers Housing Market Design 36

Zillow

JULY 15, 2019

Closing : A one- to two-hour meeting during which ownership of a home is transferred from seller to buyer. A closing is usually attended by the buyer, the seller, both real estate agents and the lender. Closing escrow : The final and official transfer of property from seller to buyer and delivery of appropriate paperwork to each party.

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Real Estate Agent Insurance Inspection Buyers 56

The Robert Weiler Company

OCTOBER 15, 2021

Another mistake – perhaps one of the more obvious (and, consequently, most detrimental) mistakes – is contracting the commercial property for sale in your personal name. Department of the Treasury increased the threshold for requiring an appraisal when obtaining financing for a commercial property for sale. A recent change by the U.S.

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Investing Real Estate Tenants Investors 138

Appraisal Today

NOVEMBER 4, 2022

Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. It ruled that the lender did not owe the borrower a legal duty to assure that the independent appraiser’s valuation was correct.

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Reconsideration of Value Appraisal Inspection Advertising 52

Housing Wire

MARCH 7, 2022

Absolutely, I will offer an NFT option to sellers within the next year,” said Richard Hopen, a Compass agent in Short Hills, New Jersey. The Gulfport seller, Heckler explained, created a limited liability company that held ownership of the home. Propy then guided the seller into minting the LLC as an NFT.

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Real Estate Law Inspection Agents 474

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. Which is a legal no-no.).

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Appraisal Reconsideration of Value Agents Market Value 78