Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. By the Mortgage Bankers Association ’s estimate, it takes on average about $2,500 to process, underwrite and close a government loan.

Mortgage 379

Mortgage Loan Officers Government Buyers 379

Housing Wire

JULY 19, 2022

Michael Loftin, CEO of Homewise , whose work revolves around sustainable homeownership, suggested HUD take a cue from the government-sponsored enterprises. Loftin also suggested a subsidy for real estate agents, because “they can’t make a living selling $40,000 homes.”

Mortgage 383

Mortgage Finance Lending Development 383

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Sellers 421

Sellers Buyers Real Estate Agents 421

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. I think listing agents are going to win. Fannie Mae, Freddie Mac and the U.S.

Buyers 392

Buyers Agents Loan Officers Real Estate 392

Housing Wire

DECEMBER 21, 2023

REALITY: The appraisal process is similar to conventional and other government-sponsored loans. The VA approves and contracts with local appraisal professionals to ensure a seamless process. MYTH: The appraisal process for VA loans is more stringent and difficult than conventional loans.

Mortgage 440

Mortgage Renovations Appraisal Process Finance 440

Housing Wire

JULY 12, 2022

Starting in July, the government-sponsored enterprise will allow remote inspections on some refinance loans it buys. An agent does a floorplan scan when they make a listing. The seller accepts it; they go into contract. After all, it wasn’t so long ago appraisers received assignments via fax machine. An offer comes in at 5 p.m.

Appraisal 410

Appraisal Inspection Real Estate Agent Training 410

Appraisal Today

APRIL 26, 2024

What should appraisers look for in a sales contract? NOTE: Please scroll down to read the other topics in this long blog post on agent concessions, History of appraisal bias back to 1930s, “one mile” rule and bias, unusual homes, mortgage origination stats, etc. You are “graded” on how close you come to the sales price.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

Realtor

APRIL 14, 2021

But there are still many great opportunities if you’re patient and have a great real estate agent and lender.”. In this market, we are seeing a lot of appraisal gaps being written into contracts. This can be attributed to low mortgage rates and low inventory creating strong demand from buyers.

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

Miller Samuel

JUNE 28, 2020

DOM can be measured in several ways, but the one I see used the most is the average number of days between the last price change, if any, and the contract date (or today’s date if it has not sold.) I’ve found it takes one to two years for a typical seller to capitulate on price in a downturn and not feel like they left money on the table.

Housing Market 221

Housing Market Marketing Real Estate Sellers 221

Housing Wire

OCTOBER 16, 2023

Editor’s note: There are conventional mortgage options with down payments as low as 3% and government-insured loans with a low- or no-down-payment requirement.) 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 404

Agents Buyers Sellers Inventory 404

Housing Wire

OCTOBER 22, 2023

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. We estimate that it’ll take three to six months to get up and running as a licensed real estate agent in the Lone Star State.

Real Estate 385

Real Estate Real Estate Agent Agents Brokerage 385

Realtor

APRIL 14, 2021

But there are still many great opportunities if you’re patient and have a great real estate agent and lender.”. In this market, we are seeing a lot of appraisal gaps being written into contracts. This can be attributed to low mortgage rates and low inventory creating strong demand from buyers.

Mortgage 78

Mortgage Real Estate Agent Buyers Real Estate 78

McKissock

JANUARY 6, 2023

Train future appraisers, collateral underwriters, AMC staff, real estate agents, and others in real estate appraisal. A variety of attorney work is available, including estate appraisals, divorce appraisals, consulting, expert testimony, and appraisal reviews.

Appraisal 74

Appraisal Training Lending Land Management 74

D Fritz Appraisals

FEBRUARY 22, 2023

This makes it ideal for ongoing projects but may come with higher interest rates than other borrowing forms of borrowing so make sure you understand all the details before signing any contracts. We have provided reliable real estate lending, sales, and appraisals for four decades in Victoria, BC.

Real Estate 125

Real Estate Investing Appraisal Market Value 125

Zillow

JULY 15, 2019

A closing is usually attended by the buyer, the seller, both real estate agents and the lender. Closing of escrow is the responsibility of the escrow agent. Comps : Or comparable sales, are homes in a given area that have sold within the past six months that a real estate agent uses to determine a home's value.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

Eppraisal

JANUARY 23, 2024

Some pretend to be with the government.  Other     Phishing Scams Real estate phishing scams are becoming more common, putting agents and buyers on high alert. Typically, scammers pretend to be your real estate agent and convince you to wire money to a fraudulent account.  It

Legal 36

Legal Real Estate Agent Lending Real Estate 36

AmeriMac

JANUARY 19, 2021

A low appraisal can cause the cancellation of sales contracts because a lender won’t approve mortgages higher than a home’s value. Here what you should do is sit down with your real estate agent and review the homes your appraiser deemed similar. You can locate these in your city or county government office.

Appraisal 36

Appraisal Real Estate Agent Market Value Real Estate 36

McKissock

JULY 24, 2020

Each state has its own set of administrative procedures used to handle disciplinary complaints against licensees of various professions, such as appraisers, real estate agents and broker s, doctors, nurses, accountants, etc. In many cases, no one from the state knows about a potential violation unless a complaint is filed.

Appraisal 53

Appraisal Law Government Real Estate Agent 53

Appraisal Today

MARCH 15, 2024

Personally, regarding agent commissions, I have always thought percentages were not a fair way to pay for real estate agent services. By contrast, refinance volume picked up by 12 percent, with a larger, 24 percent increase in the government refinance index. percent from 7.02 percent, with points decreasing to 0.65

Appraisal 69

Appraisal Inspection Modernization Business 69

Appraisal Today

AUGUST 18, 2023

The media coverage focuses on real estate agents having difficulty showing homes, etc. Government purchase applications provided a bright spot, increasing 2.4 The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.16 percent from 7.09

Appraisal 74

Appraisal Contracts Inspection Real Estate 74

Appraisal Today

JUNE 10, 2022

How to get referrals from real estate agents. Estate/trust appraising Special Report – Good, steady business. Only government refinances saw a slight increase last week,” said Joel Kan, MBA’s Associate Vice President of Economic and Industry Forecasting. Quick Start – how to get non-lender work ASAP.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Realtor

NOVEMBER 1, 2023

Here’s a brief look at the VA loan process to help both veteran homebuyers and their real estate agents better navigate how to cross the finish line. It also shows home sellers and listing agents that you’re a strong home-buying candidate. Getting under contract Signing a contract to purchase a home comes next.

Real Estate Agent 127

Real Estate Agent Contracts Finance Real Estate 127

Housing Wire

MARCH 7, 2022

The creation of the NFT real estate market thrusts a spotlight onto a Silicon Valley company specifically throwing itself into real estate, blockchain and NFTs. It also gives real estate agents ideas. How a real estate NFT works today…. Bitcoin is perhaps the best-known cryptocurrency.

Real Estate 480

Real Estate Law Inspection Agents 480

Houston Properties

JANUARY 13, 2021

SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. COVID-19 and subsequent government actions have dumped gasoline on wealth inequality in ways that we don’t fully understand yet. However, in real estate, it should make the value of the assets larger in dollar terms.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Appraisal Today

JULY 1, 2022

Borrower complaints, real estate agents, attorneys, etc. Risk Management for Real Estate Appraisers and Appraisal Firms, written by Peter Christensen, Esq. Purchase applications were essentially flat last week but were supported by a 6 percent increase in government loan applications. and Magda Pretorius.

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

Appraisal Today

AUGUST 26, 2022

It only has an elevator, no stairs,” Barnett (real estate agent) explains. Last week’s purchase results varied, with conventional applications declining 2 percent and government applications increasing 4 percent, which is potentially a sign of more first-time homebuyer activity. The home is equipped with an elevator. “It

Appraisal 52

Appraisal Business Contracts Advertising 52

Housing Wire

MAY 31, 2022

Among them are Geneva Financial , a mortgage lender headquartered in Arizona, which opened a branch location in Chicago, and New Western , a real estate investment firm, which also launched its first office in Chicago, marking its expansion with its 43rd office location in its 19th state. Department of Agriculture (USDA).

Mortgage 384

Mortgage Construction Lending Real Estate 384

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I

Inventory 406

Inventory Buyers Agents Real Estate 406

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

Real Estate 409

Real Estate Insurance Law Real Estate Agent 409

Raleigh Realty

AUGUST 10, 2021

A person with dementia may have a Medicare plan, private insurance, an employee or a retiree health plan that will help provide financial assistance for proper care: Medicare- Medicare is a federal government program that pays for medical expenses of those ages 65 and older. Click the link above to be directed to the grant application

Insurance 78

Insurance Real Estate Government Real Estate Agent 78

Appraisal Buzz

JUNE 20, 2022

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.

Appraisal 417

Appraisal Modernization Property Appraisal Real Property 417

Housing Wire

NOVEMBER 30, 2023

Brimming with coursework that is up to date with current trends, expect to receive insight on issues facing Ohio real estate agents today. From agency relationships to local government regulations and more, every topic is inspired by the property types and types of transactions you’ll encounter as an Ohio real estate agent.

Real Estate 401

Real Estate Real Estate Agent Law Inspection 401

Appraisal Today

SEPTEMBER 15, 2023

Appraisers are less likely this year to cite expanding regulations/interpretations of regulations, lender requirements, pressure from real estate agents/brokers, and liability concerns. From Dave Towne: Over the years, many appraisers have reported being blacklisted by real estate agents and even mortgage brokers.

Appraisal 81

Appraisal Real Estate Agent Contracts Real Estate 81

Raleigh Realty

MAY 3, 2021

The challenges of buying a home as a recent college graduate are similar to that of buying a home as a government employee. These challenges can be overcome if you find a great real estate agent. Unconventional loans are insured by the federal government. Here's how to choose the right Real Estate Agent.

Real Estate Agent 78

Real Estate Agent Real Estate Insurance Inspection 78

Quicken Loans

JANUARY 11, 2022

In other words, if you’re eligible to receive one of these government-backed loans, you’ll enjoy access to a plethora of helpful benefits such as lower monthly payments and the opportunity to avoid mortgage insurance. Shopping around for a house that meets the VA’s minimum property requirements. Closing on your new property.

Insurance 44

Insurance Finance Design Mortgage 44

PennyMac

JUNE 28, 2022

This fee will cover the attorney preparing and reviewing agreements and contracts. Often, the seller will pay this fee, but it can depend on how competitive the housing market is or what the specific HOA contract dictates. Property taxes are fees paid to the local government and are used to pay for public services. Closing Fee.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Appraisal Today

AUGUST 25, 2023

I have seen this type information before, but mostly from contacting companies, recruiters or government databases. This has real estate agents scrambling for ways to meet the needs of their clients and limit disruption to their business. If you’re thinking about upgrading your license, this illustrates the income levels.

Appraisal 76

Appraisal Real Estate Agent Agents Real Estate 76