Housing Wire

APRIL 8, 2021

Here are some of the key tactics and pieces of advice, shared by industry professionals on the housing market’s front lines, that go into creating an initial offer to buy a home, along with the negotiations you should be poised for if you catch the seller’s attention. In high-demand areas, escalation clauses should be considered.

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Inspection Sellers Buyers Tools 433

Housing Wire

NOVEMBER 7, 2023

Offer them solutions to get a better-than-average mortgage rate. You don’t have to know as much as your competent mortgage lender does, but you should be able to competently discuss options, such as rate buy-downs, adjustable-rate mortgages and how to pay points to lock in a lower rate on a 30-year fixed mortgage.

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Clients Buyers Real Estate Agent Real Estate 404

Housing Wire

DECEMBER 8, 2023

Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients. Help them write a winning offer Understand what the seller is desiring beyond the asking price. This also helps you level-set on their expectations for the homebuying process.

Clients 415

Clients Real Estate Inspection Buyers 415

Hank Miller Team

NOVEMBER 22, 2022

There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. In most cases, if a home buyer is getting a mortgage, an appraisal will be completed. They do not represent either buyer or seller. What is a Home Inspection?

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Inspection Appraisal Buyers Sellers 52

Housing Wire

JUNE 24, 2021

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. If a homebuyer can’t close on their mortgage in time to buy the home they want, instead of losing out on the house, Accept.inc will buy the property with its own funds and reserve the home on their behalf.

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Sellers Buyers Investors Inspection 358

Realtor

JULY 13, 2021

In our current seller’s market, the national inventory of active listings is down 43.1% They’re making sky-high offers and writing heartfelt letters to sellers about why they should get the house. The provisions of a contingency contract are there to protect buyers and sellers. Home inspection.

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Inspection Real Estate Agent Real Estate Buyers 203

Housing Wire

OCTOBER 16, 2023

Zillow research also found that a majority of homeowners with mortgages have locked in a rate below 5%, and are almost half as likely to consider moving. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%.

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Agents Buyers Sellers Inventory 402

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 404

Appraisal Inspection Real Estate Agent Training 404

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.

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Real Estate Agent Inspection Real Estate Sellers 119

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

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

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

Eppraisal

DECEMBER 23, 2022

We'll now dissect the entire real estate transaction from the perspective of the seller. Inspection Period After the contract is signed and delivered to all parties, it becomes a fully executed contract. The contract allows the buyer a certain number of days to have home inspections performed.

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Real Estate Sellers Inspection Contracts 36

Housing Wire

OCTOBER 1, 2022

Mortgage interest rates have risen quickly in the past few months further eroding affordability. Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. However, in many areas of the country it does remain a seller’s market.

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Realtors Housing Market Marketing Buyers 392

Eppraisal

FEBRUARY 28, 2023

They have different impacts on both the buyer and the seller in a real estate deal. 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. Contingencies create risks for the home seller.

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Inspection Contracts Sellers Real Estate 36

Lamacchia Realty

FEBRUARY 2, 2023

WHY YOU SHOULD USE A REAL ESTATE ATTORNEY TO SELL YOUR HOME As a home seller you may think you are saving money by not hiring an attorney to guide you through the legal aspects of your sale but in actuality, it could end up costing you more not to! A seller’s attorney will work directly with the closing attorney.

Real Estate 77

Real Estate Sellers Legal Inspection 77

Lamacchia Realty

JANUARY 18, 2022

Contingent is the status you’ll see on a listing once a seller accepts a buyer’s offer. Contracts written during the purchasing process often attempt to include all possible contingencies that may arise. Home Inspection When you’re considering purchasing a home, you’ll need to get a home inspection done. Seller Resources.

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Inspection Sellers Buyers Realty 73

Eppraisal

JULY 19, 2022

Unsure if you should hire an attorney to represent you in your real estate transaction, ask your real estate agent or mortgage lender. Contract Review Whether you are a home buyer or a home seller, once you sign a contract it is time to hire a real estate attorney. The buyer's mortgage company requires this.

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Real Estate Inspection Real Estate Agent Contracts 36

Eppraisal

DECEMBER 20, 2022

Whether you are a home buyer or seller, the real estate transaction can sometimes be tricky to navigate. Get Pre-approved Begin work early in your process to speak with a mortgage lender and get pre-approved (Paying cash for a home? Be prepared to negotiate with the sellers to make the final contract a win-win.

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Real Estate Buyers Inspection Real Estate Agent 36

Appraisal Today

SEPTEMBER 22, 2023

To me, the big issue is who is doing the inspections. A buyer gets a seller’s disclosure statement for that information. 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.

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Appraisal Training Inspection Real Estate 87

Birmingham Appraisal

AUGUST 23, 2023

The agent’s client (buyer or seller) can make an informed buying or selling decision and the appraiser’s client (bank) can make an informed lending decision. Creating Accurate Initial Expectations: Agents and appraisers collaborating early in the process help set accurate expectations for buyers and sellers.

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Agents Appraisal Valuation Appraisal Process 82

Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. You can read more about property inspection waivers in a past article I wrote.

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Appraisal Inspection Appraisal Process Real Estate Agent 90

Lamacchia Realty

SEPTEMBER 20, 2023

EVERYTHING YOU NEED TO KNOW ABOUT CLOSING COST CREDITS Buyers , sellers , and sometimes even real estate agents get confused with how closing cost credits work. Closing cost credits doesn’t hurt the seller in any way. In fact, they help sellers because many buyers cannot buy without them. That is no longer allowed.

Sellers 61

Sellers Buyers Property Taxes Inspection 61

Hank Miller Team

FEBRUARY 27, 2022

The average mortgage rate is a good 1 higher than twelve months ago, with an expected 3-5 Fed rate bumps over '22. Sellers are demanding - and getting - buyers to waive checks that are intended to provide a level of risk management. It's a beauty contest and the most appealing offers are getting selected.

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Buyers Inspection Contracts Sellers 52

Raleigh Realty

MARCH 23, 2021

The question should I sell my home for sale by owner or without a Realtor® is likely one asked by every home seller with the thought of trying to save money. It's important to reverse engineer the sales process as a seller as you will want to understand who your target buyer is and that is likely someone working with a Realtor.

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Real Estate Agent Real Estate Realtors Contracts 133

Eppraisal

MARCH 10, 2023

Get Approved to Buy Without Selling A similar concept is to get approved for a mortgage on the second house without having to sell and close on your current house first. Talk to your mortgage lender if you think this might be an option for you. There is risk involved in owning two homes and being responsible for both mortgage payments.

Sellers 68

Sellers Home Value Real Estate Real Estate Agent 68

McKissock

JULY 19, 2022

Red Flags: The seller demands payment upfront. Hasty changes to terms and conditions of the housing contract. Sellers are often on a time crunch to get properties locked into a contract, which leaves little time to properly deal with the unexpected. Red flags: A lawyer reaches out independent of the seller.

Real Estate 98

Real Estate Real Estate Agent Sellers Agents 98

Realtor

FEBRUARY 22, 2019

If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Just because you and the sellers have agreed on a price doesn’t mean it’s a done deal—your lender needs to be on board, too. Sorry, not yet.

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Appraisal Process Appraisal Mortgage Buyers 78

Realtor

FEBRUARY 22, 2019

If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Just because you and the sellers have agreed on a price doesn’t mean it’s a done deal—your lender needs to be on board, too. Sorry, not yet.

Appraisal Process 78

Appraisal Process Appraisal Mortgage Buyers 78

Realtor

JUNE 12, 2018

Sellers often place an unrealistic value on a house they love. Don’t skip the inspection. And here’s where getting the appraisal and inspection done prior to arriving at an accepted offer is key. In that instance, the buyer and seller would need to renegotiate the deal. Lawyer up and sign that contract!

Inspection 85

Inspection Real Estate Agent Real Estate Contracts 85

Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract. It's one of the final steps after going under contract.

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Appraisal Process Appraisal Construction Sellers 139

Realtor

JUNE 12, 2018

Sellers often place an unrealistic value on a house they love. Don’t skip the inspection. And here’s where getting the appraisal and inspection done prior to arriving at an accepted offer is key. In that instance, the buyer and seller would need to renegotiate the deal. Lawyer up and sign that contract!

Inspection 78

Inspection Real Estate Agent Real Estate Contracts 78

Appraisal Today

JANUARY 20, 2023

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. NOTE: Please scroll down to read the other topics in this long blog post on AMC fees, Real estate forecast, Google Business Profile, unusual homes, mortgage origination stats, etc. ’ Home sellers gave concessions to buyers in 41.9%

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Appraisal Contracts Sellers Business 52

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. So, the seller hopes that the appraised value is $1,000,000 or higher. What is an Inspection Contingency?

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Real Estate Agents Inspection Real Estate Agent 56

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 108

HOA Inspection Sellers Appraisal 108

AmeriMac

OCTOBER 5, 2022

Getting a purchase appraisal while you are in the process of buying can affect both the overall cost of the house and the amount of your mortgage. It can be helpful for both the buyer and the seller of the property when the true value of the home is assessed. The Appraisal and the Mortgage. Home Appraisals.

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Appraisal Mortgage Market Value Sellers 36

Eppraisal

APRIL 8, 2021

It's a "super seller's market" right now. If you are a seller, it's the best time to get a good price and the best terms for your home. However, if your buyers are planning on a mortgage, there is still the issue of the house appraising high enough to justify the sales price.

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Marketing Inspection Contracts Buyers 36