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

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

Marketing 403

Marketing Mortgage Investors Sellers 403

Berkshire Hathaway

APRIL 28, 2022

Reason #2: Real Estate Agents Provide Errors & Omissions (E&O) Insurance. You could draft the contracts yourself if you are a skilled litigator, or have a lawyer draft contracts for you, but neither of those options provide Errors & Omissions Insurance. Reason #3: Advertising your home.

Real Estate Agent 67

Real Estate Agent Advertising Insurance Real Estate 67

Housing Wire

OCTOBER 13, 2022

Past is Present. Emblematic of the excesses that took place, in 1987 the FSLIC [the now-defunct Federal Savings and Loan Insurance Corp.] That’s primarily because the bulk of the nonbank assets that will be up for grabs in the industry re-alignment — mortgage loans and servicing contracts — are quality assets that are performing well.

Mortgage 369

Mortgage Marketing Buyers Sellers 369

Housing Wire

JULY 12, 2022

This white paper will explore lenders’ key challenges presented by the legacy appraisal process, the hidden gaps affecting turn times, and how appraisal technology solves these gaps to improve efficiency and profitability. Presented by: Reggora. The seller accepts it; they go into contract. An offer comes in at 5 p.m.

Appraisal 404

Appraisal Inspection Real Estate Agent Training 404

Realtor

OCTOBER 16, 2023

” However, keep in mind that you will have to pay private mortgage insurance if you put less than 20% down, which increases your monthly payments. Listing agents are going to recommend their seller ask for shorter time periods for loan approval.” ” 8. . ” 9. . ” 10.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Hank Miller Team

APRIL 9, 2024

Ignored by the MSM is the simple fact that sellers were never obligated to pay the buyer agent commission to begin with. The MSM reasons that if a seller of a 500K home doesn’t co-op with the buyer agent, they will pass the 10K-15K (2-3) savings on to the buyer. So they won't sell for as much as the market will allow? Use your head.

Buyers 40

Buyers Sellers Real Estate Agents 40

CA Realty Training

JULY 20, 2021

But, dealing with contracts and disclosures comes with the territory when you’re in escrow. Whether it’s the buyer or the seller, they are the principals in your real estate deal. . The escrow company is responsible for ensuring that every stipulation of the contract is met. They Won’t Write Contracts. By Karen D.

Real Estate Agent 69

Real Estate Agent Contracts Agents Real Estate 69

Movoto

JANUARY 31, 2022

Real estate attorney: They can represent you or the seller, or both sides may have attorneys. Title company representative: The title company insures the title status during closing. The seller: The current homeowner. It outlines the terms of the loan, any prepayment penalties, and confirms your guarantee to pay it back.

Real Estate Agent 36

Real Estate Agent Sellers Insurance Buyers 36

PennyMac

MARCH 4, 2024

Starting the Loan Certification Process When choosing a lender, look for one that offers a written letter or certification you can provide to sellers to let them know you are qualified. When you work with a lender that provides this, you’re doing much of the legwork involved in obtaining a mortgage contract without actually finalizing it.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

McKissock

SEPTEMBER 20, 2021

Article 4 prevents Realtors® from presenting offers, purchasing, or acquiring an interest in any property through self or family members, or the firm’s members and families, or any controlled legal entity without first disclosing their actual position to the “owner or the owner’s agent or broker” in writing before any contracts are signed.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Eppraisal

JULY 27, 2022

Home sellers have been reaping the rewards as home values have risen over the past couple years. Title Fees Sellers have to pay the title company for their services and for a seller's title insurance policy. However, they may have been leaving money on the table. It doesn't hurt to ask for a discount.

Real Estate Agent 36

Real Estate Agent Real Estate Brokerage Sellers 36

Listing Spark

DECEMBER 6, 2023

For one, you’re not required to have a lawyer present during a home real estate transaction. 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.

Realtors 36

Realtors Real Estate Agent Real Estate Agents 36

Listing Spark

SEPTEMBER 25, 2023

While you may not be able to eliminate title insurance costs, closing fees, and the buyer’s real estate agent commission, you can immediately reduce that 10% to 8% by managing the transaction yourself without the help of a listing agent. As a seller, you handle every aspect of the transaction without professional services.

Investors 36

Investors Real Estate Agents Investing 36

Appraisal Today

SEPTEMBER 23, 2022

Sellers Chasing the ball down the road in real estate. Work for buyer, seller, or both. Minus: Sometimes differences of opinion between buyer and seller. Insurance companies. Sales are slow, and sellers are more willing to accept VA loans. By Ryan Lundquist. One box just isn’t enough. “At Expertise required.

Appraisal 52

Appraisal Marketing Business Contracts 52

Lamacchia Realty

MARCH 26, 2024

Condo sales in particular have experienced a significant decline in recent weeks which can be attributed to the ongoing insurance crisis in the state and to the increased association fees and/or added special assessments for condos due to the more stringent regulations resulting from the tragic Champlain Tower Collapse in Surfside, Florida.

Bracketing 60

Bracketing HOA Sellers Buyers 60

Zillow

FEBRUARY 2, 2018

gas, cell phone, signs, insurance, etc.) While it is understood the listing side pays for marketing the home and facilitating the showings and feedback process, the listing agent also plays an important role in keeping the buyer and seller at the negotiation table. The seller was offended and the talks were off.

Real Estate Agent 36

Real Estate Agent Real Estate Agents Buyers 36

PennyMac

DECEMBER 22, 2020

In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. Depending on the lender, you may need to submit special contract forms or paperwork. 10 Steps to Buying REO Properties. Step 10: Closing.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Housing Wire

SEPTEMBER 21, 2023

We did a study with T360 recently, just looking at the agent experience and we came back with about 20 different point solutions that an agent has to use just to perform their duties in representing a buyer or seller of a home. And, frankly, give them more time in the day to spend with their buyer or seller. But it’s weird.

Technology 390

Technology Real Estate Agents Design 390

Houston Properties

JANUARY 13, 2021

Avoid 9 Costly Mistakes Sellers Make. On the other hand, the four restaurant workers would still need to spend monthly payments for rent, food, transportation, and insurance. Properties are still going under contract. 2020 ended favoring sellers. Do You Want To Buy A Home Now? Need To Sell? What To Do As A Homeowner?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Appraisal Today

OCTOBER 14, 2022

After many years of reading appraisal reports, my response is “One that leaves the reader with few unanswered questions, allows the data to tell the story, keeps appraiser interventions to a minimum and is able to present a case for what a property is worth, as well as what it is not worth.”. Many residents don’t have flood insurance.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Appraisal Today

FEBRUARY 9, 2024

An Inside Look at E&O By Peter Christensen Excerpts: There is no law requiring that real estate appraisers must have professional liability insurance – or E&O insurance as it is often called – except in one state. Common fears are that their insurer will increase their premium or decline to renew their policy.

Appraisal 81

Appraisal Contracts Insurance Construction 81

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Appraisal Today

AUGUST 13, 2023

2023 E&O Insurance Brokers Risks of Expert Work by Claudia Gaglione, Esq A long article from Claudia with 4 very good case studies. Dear Sellers, the housing market misses you It’s tough to value properties today! The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.02

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Listing Spark

JULY 5, 2023

The closing costs you pay on a property, especially as a seller, can easily come out to a hefty 8-10% of the selling price , so doing what you can to understand each line item and reduce the total cost is well worth your efforts. Presenting a clean and simple contract and taking on some of the fees may make your offer more appealing.

Investing 36

Investing Real Estate HOA Sellers 36

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. Fast forward to the present, and no crash has occurred. However, Anthony clarified at that time that such an outcome was unlikely.

HOA 49

HOA Inventory Buyers Contracts 49

PennyMac

JANUARY 3, 2024

With a VA loan, there are: No down payment on home purchase loans* Lower closing cost limits Lower interest rates Relaxed credit requirements No monthly mortgage insurance premiums Already have a VA loan for your first home? This is great for you as a buyer but not as a seller. Coordinating this can be tricky, however.

Real Estate Agent 36

Real Estate Agent Buyers Real Estate Mortgage 36

Clear Capital

SEPTEMBER 29, 2021

Following up on lots of the stories that have been out there in the media about potential purchase appraisal bias pertaining to race and ethnicity, Freddie Mac kicked off a study of whether minorities are more likely to receive an appraisal value that’s lower than the contract price during purchase transactions. Kenon Chen. Jeff Allen.

Sellers 69

Sellers Agents Real Estate Buyers 69

The Robert Weiler Company

NOVEMBER 10, 2021

If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. Less Onerous Insurance Policies: While it’s valid that multifamily properties have more to insure, often, these policies are easier to read and manage.

Real Estate 78

Real Estate Retail Investing Tenants 78

Will Springer Realtor

FEBRUARY 9, 2022

HB 1951 would remove “Don’t Know” from the Seller Disclosure Statement that owners complete with the sale of a home. The survey also said that among sellers in the 12 months ending mid-2021, 46% went on to purchase a larger home. >> The U.S. I presented a map of single-family YoY price appreciations in last month’s newsletter.

Buyers 36

Buyers Law Inventory Development 36

Appraisal Today

JULY 22, 2022

Making admission of fault or liability could also serve to jeopardize your insurance coverage. Her decision to present the house without sparing a single detail helped to make the home a viral sensation…. Buyers take power from sellers. Excerpt:1) More buyers are getting info contract below list. It’s their turn.

Appraisal 52

Appraisal Contracts Buyers Design 52