Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. Signed contracts to purchase existing homes declined a wider-than-expected 8.6%

Housing Market 302

Housing Market Marketing Loan Officers Buyers 302

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We would feed them leads, but they came back to us because they didn’t know how to structure the full document deals,” Jay Voorhees, co-founder at JVM Lending, said in an interview with HousingWire. I thought it was sparse.

Lending 384

Lending Real Estate Agent Loan Officers Retail 384

Housing Wire

AUGUST 23, 2023

“For things like homeowner’s insurance , title insurance, and realtors, we’ve now just become a marketplace. But more recently, we have partnered with Realtors. operation, deprecated it, and launched a partnership operation with Realtors. ” And what is Better.com best at?

Realtors 366

Realtors Technology Insurance Mortgage 366

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

Real Estate 310

Real Estate Brokerage Buyers Property Management 310

Housing Wire

OCTOBER 16, 2023

But, collectively at the Denver Metro Association of Realtors (DMAR), we all agree that this is really no longer the case and hasn’t been for some time. 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 400

Agents Buyers Sellers Inventory 400

Housing Wire

NOVEMBER 16, 2023

For decades, disruptors and innovators in the residential real estate industry have been trying to chip away at the near monopoly that Realtors have had over home sales. The monumental verdict in the Sitzer/Burnett commission lawsuit trial may finally be the giant-killing blow against the National Association of Realtors (NAR).

Realtors 406

Realtors Contracts Real Estate Agents 406

Housing Wire

DECEMBER 20, 2023

Fair lending concerns Another repercussion in the market is that savvy borrowers gain access to lower rates when lead sources are manipulated. Less educated applicants could be quoted higher rates for the same loan, raising concerns about fair lending practices. “But we already have fair lending rules.

Loan Officers 448

Loan Officers Clients Law Legal 448

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

SEPTEMBER 25, 2023

If it is not reauthorized by Congress before that date, the mortgage industry could see consequences, including ceding control of certain land use policies and the cessation of some mortgage lending. The authority to provide new flood insurance contracts will expire,” the CRS report said. The borrowing authority of NFIP from the U.S.

Insurance 432

Insurance Lending Mortgage Government 432

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. You can say no to the counteroffer, accept it or propose new changes to the contract. Arriving at a verbal agreement differs from being in a contract.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Eppraisal

OCTOBER 19, 2021

In fact, according to the National Association of Realtors, "94% of metro areas saw double-digit price growth in the second quarter of 2021." There are many instances nowadays where a house doesn't appraise for the price on the contract. The lender will only lend the loan-to-value amount of money to you, the buyer.

Appraisal 66

Appraisal Contracts Sellers Home Value 66

Eppraisal

FEBRUARY 17, 2023

According to an article on Zillow.com written by Chris Beringer, What's the Difference Between a CMA and a Home Appraisal? , "The bank just wants to make sure it isn't lending too much money for the home." The National Association of Realtors has an informative guide to understanding a real estate appraisal.

Appraisal 36

Appraisal Real Estate Agent Marketing Real Estate 36

Birmingham Appraisal

FEBRUARY 20, 2024

It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what. The lender then obtains an appraisal to make sure that the property they are lending on, which is the collateral for the loan, is worth what they are paying for it.

Agents 89

Agents Appraisal Real Estate Agent Bracketing 89

Empire Appraisal Group

SEPTEMBER 8, 2022

Nowhere in Sight | Florida Realtors. The housing market is entering the ‘most significant contraction in activity since 2006,’ says Freddie Mac economist” (Fortune). Or to discourage mortgage brokers from lending. Housing Market Collapse? Nowhere in Sight. Source: U.S. Housing Market Collapse?

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

McKissock

APRIL 20, 2021

You should align with a broker for the office essentials and should operate like a full-time professional with clear expectations about your earning potential, said Valorie Easter , a Realtor in Charlottesville, Virginia. Receive basic training in contracts and how to price properties using comparative marketing analysis.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Birmingham Appraisal

JUNE 13, 2023

Multiple offers do not guarantee that the property will appraise for the contract price Even if the seller accepts the highest offer, there is no guarantee that it will be supported by the market. If there are no comparable sales that support the contract price, this may result in a lower appraised value.

Real Estate Agent 81

Real Estate Agent Real Estate Agents Reconsideration of Value 81

Housing Wire

DECEMBER 20, 2021

According to the Federal Housing Administration, their share of lending to Black borrowers is around 17%, compared to 6% for the rest of the mortgage market. These contracts lack protections that accompany mortgages, such as forbearance plans and foreclosure procedures. “We In Volusia County, where he lives, home prices rose by 12.6%

Mortgage 353

Mortgage Government Contracts Insurance 353

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. If there are discrepancies between the mortgage appraisal and the contract price the appraisal can be used as a tool for negotiating a market-supported contract price.

Agents 85

Agents Appraisal Valuation Appraisal Process 85

Annarbor Appraisal

SEPTEMBER 6, 2020

When a sale is involved, the valuation may be lower than contracted price. Sometimes there are sales that were showing as under contract as of the effective date of the appraisal that had closed. Remember the appraisal is for the benefit of the lender to ensure there is adequate collateral for the property they are lending on.

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

Realtor

DECEMBER 7, 2019

I would never allow my sellers to agree to it,” says Katie Wethman , a Realtor® with The Wethman Group at Keller Williams Realty in McLean, VA. Bottom line: Talk it over with your Realtor and mortgage broker and find out just how confident you should be in your financing. But it isn’t something sellers or seller’s agents love. “I

HOA 108

HOA Inspection Sellers Appraisal 108

D Fritz Appraisals

MARCH 16, 2021

It’s important to note that any undisclosed additions can cause a breach of conditions in your sale contract. The CMA (Comparative Market Analysis) from your Realtor – review this document to see if you know of any homes that were renovated after purchase. Fritz for your real estate appraisal.

Appraisal 126

Appraisal HOA Easement Valuation 126

Housing Wire

MARCH 28, 2024

In fact, if you were to describe the home-buying experience solely upon the things we see in advertisements, the home-buying process would end with the sales contract, and all parties would merrily proceed directly to the handing over of the keys. It doesn’t lend itself to a 24-hour cycle.

HOA 439

HOA Property Management Real Estate Agent Technology 439

The People's Appraisal Blog

FEBRUARY 12, 2019

The lenders sign contracts with the AMCS to provide a service to them in order to help keep Appraiser Independence as stated in Dodd Frank legislation. Now we get to Planet Home Lending. Appraisers have contacted Planet Home Lending demanding payment for appraisals done for them. So another question?

Law 36

Law Lending Appraisal Contracts 36

D Fritz Appraisals

AUGUST 12, 2019

They both happen prior to the sale of a home and are often both added as subjects on a contract. If a contract of purchase includes a subject of sale based on the results of a home inspection, for example, a buyer can back out of the deal or negotiate a better price. Both services also give a buyer negotiating power.

Inspection 94

Inspection Appraisal Real Estate Property Appraisal 94

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. Mortgage Lending You decide. Excerpts: Accurate appraisals are essential to the integrity of mortgage lending.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

Realtor

DECEMBER 7, 2019

I would never allow my sellers to agree to it,” says Katie Wethman , a Realtor® with The Wethman Group at Keller Williams Realty in McLean, VA. Bottom line: Talk it over with your Realtor and mortgage broker and find out just how confident you should be in your financing. But it isn’t something sellers or seller’s agents love. “I

HOA 78

HOA Inspection Sellers Appraisal 78

Appraisal Today

FEBRUARY 3, 2023

23, 2023 My comment: This only applies to residential lending appraisals, of course. To read more, plus over 60 appraiser comments, click here My comments: This only applies to residential lending appraisals, of course. We know what ‘realtor’ means. The average contract interest rate for 5/1 ARMs decreased to 5.38

Appraisal 40

Appraisal Contracts Business Mortgage 40

Raleigh Realty

AUGUST 27, 2021

Referrals - Consult with family and friends to see if they have realtors they have worked with in the past who would be willing to lend you their expertise. Although it will be credited to you at closing, these funds need to be readily available so that you can quickly deliver them to the seller upon contract formation.

Real Estate Agent 78

Real Estate Agent HOA Real Estate Agents 78

Housing Wire

NOVEMBER 22, 2023

In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing over of the keys. It doesn’t lend itself to a 24-hour cycle. There’s an entire industry built upon the “What’s next?”

HOA 416

HOA Real Estate Agent Technology Real Estate 416

Empire Appraisal Group

JANUARY 11, 2023

While 2022 may be remembered as a year of housing volatility, 2023 likely will become a year of long-lost normalcy returning to the market, economists predicted Tuesday during the National Association of REALTORS®’ annual Real Estate Forecast Summit. NAHB: Sharp Contraction in Construction. Realtor.com®

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Raleigh Realty

MARCH 26, 2022

At Raleigh Realty we have some of the best Buyer Agents and Realtors on our team. As a Realtor in North Carolina, I can sell homes in Charlotte from Raleigh, until I know the area well enough, I wouldn't be willing to take on clients in Charlotte. Experiences With Contracts Paperwork pushing is a big part of this process.

Real Estate 148

Real Estate Buyers Agents Contracts 148

Housing Wire

MARCH 6, 2024

Boston: Residential Realtors expressed growing optimism as both property listings and pending home sales increased. Although inventory levels remained low, listings increased by modest to significant margins around the First District in recent months, lending increased optimism for sales moving forward.

Mortgage 381

Mortgage Real Estate Inventory Construction 381

Appraisal Today

FEBRUARY 17, 2023

To read more click here My comment : Take a break and scroll down the list to see some great photos! == Staff Layoffs at AMCs By Dave Towne Excerpts: Appraisers, it’s not ‘just us’ who have taken the slowdown in lending “in the shorts.” The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.25

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Housing Wire

DECEMBER 5, 2022

It created a massive demand for home purchases as consumers competed to win a sales contract and get a home with a low single digit interest rate. It means a massive contraction in demand for mortgages, tighter margins, corporate layoffs and “right-sizing,” and concerns about what the future may hold.

Housing Market 513

Housing Market Marketing Supply Chain Mortgage 513

PennyMac

MARCH 4, 2024

Purchasing a home is a big step, and you want a knowledgeable lending partner by your side as you weigh your financing options and navigate the paperwork involved. 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

Housing Wire

MARCH 7, 2022

said Hoepen, the Compass agent who writes the “Crypto News for Realtors” newsletter. between signing a contract to buy a home and purchase closing is 50 days, according to a September 2021 report from ICE Mortgage Technology. Change is coming,” said Jim Haisler of Heartland Realtors in Crystal Lake, Illinois.

Real Estate 473

Real Estate Law Inspection Agents 473

Appraisal Today

AUGUST 25, 2023

For example, Bakersfield Association of REALTORS®’ 2023 President-elect Bill Mell was in Chicago this week for NAR’s Leadership Summit when he learned that a transaction would be delayed by the outage. “We Non-REALTOR members, including appraisers, may request temporary access through their local MLS board. What does your MLS have?

Appraisal 76

Appraisal Real Estate Agent Agents Real Estate 76