Housing Wire

JANUARY 23, 2024

home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. Well into January, we are already seeing properties go under contract in the first weekend with multiple offers.

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Real Estate Agent Real Estate Buyers Agents 450

Housing Wire

OCTOBER 23, 2023

This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract.

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Real Estate Brokerage Valuation Contracts 421

Housing Wire

JANUARY 4, 2024

They are boosting their agent training programs to provide more transparency around compensation and how to have those discussions with buyers and sellers. ” “Presentation within the listing discussion of the option of the seller not to pay the buyer agent per our state’s new contract.”

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Brokerage Real Estate Training Buyers 421

Birmingham Appraisal

FEBRUARY 28, 2023

Homeowners, Don’t Make These Appraisal Mistakes When Selling Your Home As a real estate appraiser, I have seen many mistakes that sellers make during the appraisal process. These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price.

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Sellers Real Estate Appraisal Appraisal Process 78

Listing Spark

FEBRUARY 6, 2023

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. As a seller, this can help to ensure that buyers have the actual cash they are claiming they have.

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Contracts Real Estate Sellers Buyers 36

Housing Wire

FEBRUARY 14, 2024

How do you convince the sellers of $15 million homes to work with you? Use this tool: Coffee & Contracts Thoughtfully designed by former real estate agent Haley Ingram, Coffee & Contracts offers a suite of upscale social media templates for every social platform. Visit Coffee & Contracts 2.

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Real Estate Agent Real Estate Agents Luxury Properties 421

Housing Wire

NOVEMBER 7, 2023

Present to your buyer clients just like you would in a listing presentation. If they’re dying to be in just one specific neighborhood, door-knock that neighborhood for them to uncover the next motivated seller. Be one step ahead of the process once they’re under contract. This is where being proactive matters.

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Clients Buyers Real Estate Agent Real Estate 432

Housing Wire

MARCH 20, 2024

It also bans NAR from setting rules that would allow a seller’s agent to set compensation for a buyer’s agent, removes commission information from MLS fields, and strikes any requirements that agents subscribe to multiple-listing services. Zillow declined to comment on recent stock price movements.

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Investors Agents Real Estate Buyers 458

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. That’s a problem because mortgage LOs traditionally have not “forged as deep of inroads” with sellers’ agents.

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Buyers Agents Mortgage Real Estate Agent 504

Cleveland Appraisal Blog

JULY 20, 2022

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? An appraisal gap clause can be written into a contract. In this hot market, it’s not surprising that this type of clause is being written into some contracts. But not always.

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Appraisal Market Value Contracts Buyers 397

Housing Wire

FEBRUARY 27, 2024

District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. Due to how HomeServices and its affiliates handle their client contracts, if a dispute arises, each client is entitled to individual arbitration of their claims. Filed in late 2023 in the U.S.

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Realty Real Estate Law Brokerage 421

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. Pausing new contracts will enable us to focus on sellers already under contract with us and our current home inventory.”. Presented by: Weichert.

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Renovations Real Estate Construction Contracts 384

Housing Wire

FEBRUARY 20, 2024

The legislation generally prohibits a residential home seller from (1) conditioning the sale on the potential buyer waiving or limiting an inspection; or (2) accepting an offer if they have been informed in advance that the prospective buyer intends to waive their right to an inspection,” the Connecticut research report states. “And

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Inspection Real Estate Agent Real Estate Insurance 410

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions.

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Sellers Realtors Buyers Inventory 65

Housing Wire

NOVEMBER 2, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 7.06% on Wednesday from last week’s 7.16%, according to the Mortgage Bankers Association. . Tables have turned for some sellers.

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Mortgage Sellers Contracts Buyers 410

McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. When should we analyze the contract?

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Contracts Appraisal Market Value Real Estate 64

Housing Wire

AUGUST 18, 2023

Not prequalifying is unprofessional and can waste your time and the sellers. Don’t lose the listing of a motivated, have-to-sell seller over price. Try saying the following when the seller requests a list price that is too high: “That’s interesting, ‘seller.’ Always prequalify, 100% of the time!

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Sellers Construction Real Estate Finance 370

Housing Wire

JANUARY 3, 2024

Better buyer and seller presentations to break down payment to a more granular level,” was one agent’s response. I was already using buyer broker contracts, but now use them 100% of the time. The commission lawsuits have actually made them easier to bring up and discuss,” one respondent wrote.

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Agents Realtors Clients Real Estate Agent 431

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. Herein lies the appraisal gap.

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Market Value Buyers Appraisal Sellers 448

Housing Wire

APRIL 13, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and home sellers while also playing an expanding role as personal advisors. Presented by: Propertybase. ” Redfin also looked at specific markets when studying midweek sales.

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Sellers Buyers Real Estate Agent Real Estate 410

Housing Wire

OCTOBER 3, 2023

This is a dramatic and peculiar stance, given that same company a couple of years ago launched a $1 million annual advertising campaign touting a 1% listing fee, but only if the seller turned into a buyer for them. That means being able to convincingly articulate the value of your services through a formal buyer presentation.

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Agents Buyers Training Law 410

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. How you conduct yourself and how you present to each buyer prospect should not vary by situation. This also helps you level-set on their expectations for the homebuying process.

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Clients Real Estate Inspection Buyers 432

Will Springer Realtor

OCTOBER 19, 2021

The home is under contact, seller and buyer have agreed to terms. About 13% of appraisals came in below the contract price this August, the most-recent available data, according to housing-research firm CoreLogic. housing market is 7% of all mutually accepted contracts. Home Appraisal Tips for Buyers ). Yes, “crap!” and “shoot!”

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Contracts Appraisal Sellers Real Estate Agent 41

Housing Wire

OCTOBER 19, 2022

A doubling of 30-year fixed rate mortgage rates, shrinking profit margins and a risk of recession presents a challenging environment for independent mortgage banks (IMBs), but smaller IMBs are better positioned to weather challenges, claimed the Community Home Lenders of America (CHLA), a lobby group that represents smaller mortgage lenders.

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Mortgage Contracts Design Government 410

Listing Spark

OCTOBER 25, 2023

Selling your home can be an exciting and stressful time, especially when you choose to do it as a For Sale By Owner (FSBO) seller. While it may seem like the best approach to save money by avoiding commission fees, it’s essential to be aware of some of the pitfalls that FSBO sellers face when selling their home.

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Sellers Legal Real Estate Real Estate Agent 36

CA Realty Training

AUGUST 9, 2021

The listing presentation is a real estate agent’s opportunity to make a first impression on their prospective client. This is the presentation that pitches them as the best person to hire. A great listing presentation converts home sellers into clients. Building trust in your listing presentation comes down to 5 steps.

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Real Estate Real Estate Agent Clients Agents 42

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. Sponsored content presented by Citibank, N.A. NMLS #412915.

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Inspection Appraisal Buyers Appraisal Process 432

McKissock

JULY 26, 2020

The market remains strong for sellers at this time, but there are several things that you should go over with your client to prepare them and ensure that your clients are ready to market their home as effectively as possible. 1: Conduct an Informative Listing Presentation. 3: Prepare Your Client for the “What If” Scenarios.

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Sellers Real Estate Agent Marketing Real Estate 52

Housing Wire

APRIL 8, 2021

First, the pre-approval letter tells the seller that you are serious about buying a home and that you have a commitment from a reputable lender on how much it will lend to you. Another seller’s home may need repairs, and you put in your offer the need for a seller credit to pay for them. In an extremely competive market?

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Inspection Sellers Buyers Tools 441

Housing Wire

AUGUST 28, 2020

The products I’ve put into this category primarily help in converting leads, prospects and opportunities into contracts. Specifically, I’m talking about listing agreements and sales contracts. The first is listing tools – the products designed for you to convert potential sellers into listing contracts.

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Tools Sellers Real Estate Contracts 329

Housing Wire

APRIL 6, 2021

With others waiting in line behind her, the seller wouldn’t budge on price. Presented by: Altisource. “I For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. The seller decided to counter back multiple people at $445,000 + no contingencies.

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Appraisal Reconsideration of Value Real Estate Agent Sellers 540

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.

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Marketing Mortgage Investors Sellers 429

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?

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Real Estate Real Estate Agent Contracts Inspection 148

McKissock

JULY 6, 2022

Finally, have some type of presentation (I recommend print so they can read it as a follow-up to your appointment) that you can walk them through that describes a typical transaction from A-Z. Customize your presentation to fit the concerns you most often encounter with your clients. Expectation 2: Property Access.

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Clients Real Estate Contracts Sellers 87

Housing Wire

SEPTEMBER 7, 2023

Sellers want their listing broker to pay the buyer broker’s compensation because it will result in the most buyers being able to afford their house.” If the traditional practice of sellers paying for both sides of the agents ends, housing agencies will have to weigh in to determine ways for buyers to finance their agents’ comp, LOs noted.

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Buyers Agents Loan Officers Real Estate 397

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

Eppraisal

DECEMBER 23, 2022

We'll now dissect the entire real estate transaction from the perspective of the seller. Your listing agent will present the offer to you and help you navigate the negotiation process. Inspection Period After the contract is signed and delivered to all parties, it becomes a fully executed contract.

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Real Estate Sellers Inspection Contracts 36