Housing Wire

FEBRUARY 9, 2023

Northpointe, a private depository institution insured by the Federal Deposit Insurance Corporation (FDIC), was established in 1999 with a focus on residential mortgage loan origination and servicing. Northpointe became an approved seller and servicer for Freddie Mac in 2013, Fannie Mae in 2014 and Ginnie Mae in 2016.

Lending 384

Lending Business Retail Client Relationships 384

Housing Wire

MAY 24, 2024

Consider getting pre-approved if possible, as this not only gives you a realistic idea of how much you’ll be able to borrow, but it also signals to home sellers that you’re serious rather than casually looking. Other government-backed loan programs include FHA loans which typically require only a 3.5%

Mortgage 441

Mortgage Insurance Contracts Design 441

Housing Wire

APRIL 16, 2024

with real estate night sweats and want to alleviate your stress by banging out a text does not mean the other agent, your buyer prospect, your seller client, or the appraiser wants to share your insomnia. States have laws about what constitutes an agreement, a digital signature, or a contract. This also applies to time zones.

Real Estate Agent 431

Real Estate Agent Real Estate Agents Business 431

Housing Wire

NOVEMBER 7, 2023

If they’re dying to be in just one specific neighborhood, door-knock that neighborhood for them to uncover the next motivated seller. If there’s a For Sale By Owner in their desired neighborhood and price range, go talk to that seller, take a video and set up a showing (before your buyer does that without you).

Clients 432

Clients Buyers Real Estate Agent Real Estate 432

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).

Sellers 69

Sellers HOA Insurance Contracts 69

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. The bearish take is that there are many more sellers than buyers and inventory is rising. of the market.

Sellers 496

Sellers Marketing Inventory Contracts 496

Housing Wire

APRIL 17, 2023

For agents and sellers looking to succeed in Austin’s current market, Redding says pricing is key. “We We are still seeing properties going under contract quickly, so long as they are priced properly,” he said. Altos considers an index reading of 30 to be a balanced market — and anything above that to be a seller ’s market.

Housing Market 397

Housing Market Marketing Inventory Buyers 397

Housing Wire

MARCH 22, 2024

Local real estate professionals attribute the slower market to a variety of factors including higher home prices, which have remained steady despite the slowdown, higher interest rates , and rising costs for homeowners and flood insurance. homeowners insurance policy was roughly $1,700 in 2023. In comparison, the average U.S.

Insurance 421

Insurance Inventory Marketing Real Estate 421

Housing Wire

APRIL 9, 2021

. “We’re giving them an offer to unlock their equity and move forward to make an offer on their next home,” Ryan Raveis, co-president of William Raveis Real Estate, Mortgage & Insurance (WRRE) , said in an interview with HousingWire. WRRE has offers under contract plus more in the pipeline.

Brokerage 410

Brokerage Real Estate Clients Insurance 410

Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned. If it’s denied, buyers can also choose to walk away from the deal.

Inspection 432

Inspection Appraisal Buyers Appraisal Process 432

Appraisal Buzz

AUGUST 16, 2021

In other words, why are appraiser estimating market value below the contract price so often? But what offer will the seller accept $400,000. Many will say, we have a willing buyer and seller, so we have an indication of value. The motivation of the seller is obvious. Think in terms of insurance.

Market Value 448

Market Value Buyers Appraisal Sellers 448

Housing Wire

OCTOBER 16, 2023

Not to mention the current mortgage rates at decades-high levels as well as sellers who are locked in with pandemic low rates. 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.) It never will be. I’ll explain later.)

Agents 410

Agents Buyers Sellers Inventory 410

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.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

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

Movoto

MAY 29, 2024

After an offer is accepted when buying a home , the sale will enter the under-contract phase leading up to the final real estate closing day. Once the parties sign the real estate purchase agreement and the buyer pays earnest money, several additional steps must be completed before the property can successfully transfer from seller to buyer.

Real Estate 36

Real Estate Inspection Real Estate Agent Buyers 36

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 432

Marketing Mortgage Investors Sellers 432

Housing Wire

AUGUST 23, 2023

” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agents, rather than offering these products and services directly to borrowers. We partner with best-in-class agents, insurance companies and title companies.

Realtors 370

Realtors Technology Insurance Mortgage 370

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

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 66

Sellers Buyers Property Taxes Inspection 66

Housing Wire

OCTOBER 13, 2022

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 370

Mortgage Marketing Buyers Sellers 370

McKissock

JULY 26, 2022

Requests to sellers to pay closing costs. Property insurance. 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. There can be situations in a strong sellers’ market where more than one offer is received at the same time.

Real Estate 81

Real Estate Counter Offer Buyers Inspection 81

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.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

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.” ” 9. . ” 10.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Hank Miller Team

NOVEMBER 22, 2022

They do not represent either buyer or seller. In simple terms, the lender will not lend more than a certain percentage of what the home is worth as of the date of contract. On occasion, appraisals come in below contract price. Continuing education, ethics, USPAP, liability insurance, and other requirements are in place.

Inspection 52

Inspection Appraisal Buyers Sellers 52

Lamacchia Realty

OCTOBER 6, 2021

However, the general rule of thumb is that it needs to be replaced in 60 days to obtain home insurance. No home insurance, no mortgage. Getting Insurance for a Home with Knob and Tube Wiring. Obtaining insurance for a home with knob and tube wiring comes with a specific set of requirements. Seller Resources.

Insurance 73

Insurance Inspection Buyers Modernization 73

Hank Miller Team

OCTOBER 1, 2021

Are backup offers good options for home buyers and sellers? Buyers and sellers have different considerations, but backup offers can be good options for each. In the end, a back up offer doesn't cost a buyer anything and it can provide the seller with a nice fall back should the primary offer fall apart.

Sellers 52

Sellers Contracts Buyers New Listings 52

Miller Samuel

FEBRUARY 12, 2019

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed).

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Eppraisal

JULY 19, 2022

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. Most real estate contracts call for a specific amount of time, typically five to 10 business days, for attorney review. Title insurance will also be obtained for the seller and the buyer.

Real Estate 36

Real Estate Inspection Real Estate Agent Contracts 36

Housing Wire

MARCH 21, 2022

Know thy buyer (or seller). Similarly, if you’re making the acquisition, your seller’s motivation should also inform your strategy. The seller who’s simply looking for a payday and who indicates little motivation to help you transition is also signaling to you that the transition may be a little bumpier. Know thyself.

Business 370

Business Sellers Buyers Valuation 370

Listing Spark

APRIL 2, 2021

When reviewing the standard residential contract (called a 1-4 residential contract) plus numerous addendums, it can be difficult to unpack who pays for closing costs in Texas. Closing Costs for Sellers in Texas. Title Company Fees for Sellers. Buyer and Seller will each pay an escrow fee at closing.

HOA 36

HOA Sellers Insurance Contracts 36

Listing Spark

APRIL 2, 2021

When reviewing the standard residential contract (called a 1-4 residential contract) plus numerous addendums, it can be difficult to unpack who pays for closing costs in Texas. Title Company Expenses (Seller Paid). Below are the list of fees the seller typically pays that are specific to the title company.

HOA 36

HOA Insurance Sellers Contracts 36

Raleigh Realty

AUGUST 27, 2021

It lets sellers know that you are serious about purchasing their home and that you have done the work to be in good financial standing. Sellers want to know that you will be able to follow-through with the purchase of their home. Loans such as these often will require you to purchase mortgage insurance, which is an added monthly fee.

Real Estate Agent 78

Real Estate Agent HOA Real Estate Agents 78

Housing Wire

DECEMBER 20, 2021

The recent experience with state distribution of rental assistance and unemployment insurance is perhaps a preview of the challenges ahead. States, overwhelmed with claims and understaffed, also had problems paying unemployment insurance. Up to the task? billion at its peak in February 2021.

Mortgage 397

Mortgage Government Contracts Insurance 397

Realtor

APRIL 14, 2021

Some sellers are even receiving dozens of all-cash offers. This demonstrates to the seller that you want the home and are able to pay top dollar to get it. “In In this market, we are seeing a lot of appraisal gaps being written into contracts. Buyers all over the country are facing bidding wars after making an offer.

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

Housing Wire

JULY 12, 2022

The seller accepts it; they go into contract. Clear Capital’s Brenan describes his vision of a hybrid appraisal as one which can drastically reduce wait times. “An An agent does a floorplan scan when they make a listing. An offer comes in at 5 p.m. that afternoon. Then they submit an order to us and the appraiser gets it the next day.

Appraisal 410

Appraisal Inspection Real Estate Agent Training 410

Housing Wire

MAY 6, 2024

More home sellers are coming back to the market each week. These are new listings that are already under contract, so they’re not counted in the active inventory. That makes a total seller count of 93,000 for the week, which is 20% more than last year at this time. At that time, there were more sellers and more sales.

Inventory 450

Inventory Contracts Sellers New Listings 450

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