Housing Wire

JANUARY 23, 2024

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. 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. Will we get more inventory?

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Real Estate Agent Real Estate Buyers Agents 403

Appraisal Buzz

SEPTEMBER 26, 2022

We have rules, we have standards, and we all know the exact definition of value. The “official unofficial” government-related loan definition of market value is clear. It says buyer and seller are: Prudent and knowledgeable. Also part of the definition: Reasonable market exposure time. Not affected by undue stimulus.

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Market Value Sellers Buyers Finance 321

Housing Wire

MARCH 22, 2024

Every agent claims to be a “top agent” and the definition of “luxury” or “million-dollar agent” is cloudy at best. Your home sellers and buyers research you online. Robust search functionality and optimization: RealTrends Verified elevates your brand in the places homebuyers and sellers look first.

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Brokerage Real Estate Agents Sellers 386

Housing Wire

NOVEMBER 20, 2023

Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. Sellers would continue to see the value in buyer agents — bringing more potential agents to the table and making properties more competitive — while also compensating buyer agents accordingly. Enter the savvy seller.

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Agents Buyers Real Estate Agent Loan Officers 380

Sacramento Appraisal Blog

FEBRUARY 21, 2023

The housing market is definitely heating up for the spring, but it still feels frozen with so many buyers and sellers sitting right now. I recently talked about sellers sitting out of the market, but today let’s look at buyers.

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Housing Market Marketing Sellers Buyers 180

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 501

Housing Wire

NOVEMBER 14, 2023

According to the complaint, the “anticompetitive measures” put in place by NAR and perpetuated by the defendants “impose charges on home sellers beyond competitive thresholds and thwarting competition from innovative or lower-cost alternatives.” 13, 2019, to the present.

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Real Estate Realtors Realty Buyers 404

Housing Wire

APRIL 24, 2024

I think what we are definitely going to see is a fall-off of the old way of doing things,” Saunders told attendees at HousingWire ’s The Gathering. The way Saunders views it, today’s consumers are more savvy. Through this, Saunders said, consumers began to realize the importance of staging, photography and online marketing.

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Brokerage Legal Fees Real Estate Agents 365

Housing Wire

JANUARY 24, 2024

By definition, a lowball offer is an offer that is significantly below market value. Has the seller recently corrected negative feedback? Has the seller recently rejected offers? What else can the listing agent tell you about the seller’s situation, preferred deal terms like closing and possession dates, etc.,

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Buyers Sellers Agents Counter Offer 408

Housing Wire

MARCH 21, 2024

I think things have definitely picked up,” said Tane Cabe, a broker with C2 Financial Corp., I’ve talked to some leaders in this space recently and they’re telling me they’ve definitely seen an increase in volume. said in a recent interview. That seems to be the general feeling.

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Retail Mortgage Real Estate Agent Business 340

Housing Wire

JULY 19, 2023

A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. A seller-client cancels a listing. A seller-client permits the property to be foreclosed upon. A seller-client refuses to pay the full amount of the agreed upon commission.

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Real Estate Legal Brokerage Clients 282

Housing Wire

OCTOBER 17, 2023

The Rule requires every home seller to offer payment to the broker representing their adversary , the buyer, even though the buyer’s broker is retained by and owes a fiduciary obligation to the buyer (who may be told, falsely, that the services of the buyer broker are “free”),” the brief said.

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Sellers Agents Buyers Realtors 384

Housing Wire

DECEMBER 27, 2023

Sellers have brought up the affordability issue with housing and they have wondered how much resources buyers have and if they would be able to now all of a sudden potentially pay a buyer’s agent fee on top of their mortgage down payment and closing costs,” Alperin said. A wise agent right now is talking to buyers and sellers,” Brown said.

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Real Estate Agent Real Estate Agents Clients 419

Housing Wire

MARCH 18, 2024

While Danzey said the NAR’s decision to settle was not surprising, the quick turnaround for a July implementation date of the new rules definitely gave him a start — and he was not the only one. If the seller is willing to have that discussion, then you and your buyer can see what they would be willing to cover.” More off-MLS listings?

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Brokerage Real Estate Agents Sellers 387

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%. One of the researchers, Will Fried, had a hunch.

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Clients Agents Buyers Sellers 420

Housing Wire

FEBRUARY 10, 2023

Nonbank mortgage lender and servicer Mr. Cooper has signed a definitive agreement to acquire the investment management firm Roosevelt Management Company, LLC., Financial terms were not disclosed due to a non-disclosure agreement with the seller. the company confirmed on Friday.

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Investing Investors Insurance Government 363

Housing Wire

APRIL 24, 2024

Partnership definition When asked what a “partner” is for the purposes of the program, Schmidt said it’s wide-ranging. Technically, it encompasses brokers, principal agents and closed loan sellers,” he said. “We We use ‘partner’ to group all these roles together. Our goal is to foster partnerships to help them grow their business.

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Mortgage Loan Officers Training Business 315

Housing Wire

MARCH 2, 2023

And just like the bears who are starting to wake up from their long winter naps, homebuyers and sellers are coming out of hibernation… or at least they normally do. The pandemic definitely changed the real estate market ,” Todd Alperin, a Better Homes and Gardens Real Estate The Masiello Group agent based in Southern New Hampshire, said.

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Real Estate Agent Inventory Real Estate Agents 363

Housing Wire

NOVEMBER 1, 2023

There’s no question about it, the ‘haves’ definitely have a growth hat on and are buying data to recruit, and they are definitely extremely active.” And so virtually every deal being put on the table now is an asset-only, earn-out offer, with no money upfront, so they [the seller] get paid assuming the buyer makes a profit. “So,

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Mortgage Loan Officers Finance Buyers 434

Housing Wire

SEPTEMBER 6, 2023

We are not going to defend this case anymore,’ so that will definitely lead to changes.” Worst case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said.

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Agents Buyers Realtors Sellers 411

Hank Miller Team

APRIL 12, 2023

Georgia is a buyer beware state, so does a seller have to disclose repaired defects? Home sellers in Georgia must disclose known latent or hidden defects, things that might not be discovered during a reasonable inspection of the home. What happens if a home seller lies on the disclosure varies; every situation is different.

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Sellers Easement Inspection Real Estate Agent 40

Housing Wire

APRIL 22, 2024

We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners. Many of us are in sellers’ markets with very low inventory. The goal in prospecting FSBO sellers is to be that agent.

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Real Estate Open Houses Brokerage Real Estate Agent 324

Appraisal Buzz

AUGUST 16, 2021

Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value. 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.

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Market Value Buyers Appraisal Sellers 448

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

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

Housing Wire

JULY 30, 2021

Due to low inventory, sellers are able to put their homes up at a higher rate. The definition of a “fixer-upper” varies. In 2020, the S&P CoreLogic Case-Shiller price index reported the highest annual housing growth since 2013. And with today’s low interest rates, buyers have been rushing to purchase what’s available.

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Renovations Buyers Sellers Investing 487

Miller Samuel

APRIL 7, 2020

While I very much appreciate how hard it is right now to market a home for sale during a global pandemic, the marketing of a home as a CORONAVIRUS SPECIAL is a bit tone-deaf especially when raising the price to include a bunch of the seller's personal stuff. The agent is definitely not the problem.

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Modernization Design Sellers Training 221

Housing Wire

NOVEMBER 6, 2020

There are] a lot more buyers than there are sellers right now, causing an increase in purchase prices,” Buchbinder said. “A But the amount of buyers still definitely outweigh the listings that are out there. That renewed interest is being felt on the ground, according to Keller Williams Realtor Danielle Buchbinder. Presented by: TMS.

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Housing Market Marketing Inventory Buyers 407

Midtown Appraisal Group

JULY 4, 2021

Appraisers aren’t real estate salespeople or mortgage brokers, and definitely shouldn’t be offering advice or counsel to the people whose properties they’re appraising.

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Mortgage Inspection Real Estate Sellers 139

Appraisal Buzz

JULY 18, 2022

This might manifest itself with lower offers that are acceptable to the seller, but price isn’t the only aspect of a transaction. Anecdotally, sellers are worried that the threat of increasing interest rates with continue to erode buying power which will have a negative effect on their sale price now and especially in the future.

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Sellers Marketing Market Value Home Value 435

Housing Wire

NOVEMBER 9, 2023

We’ve definitely seen a movement in the last few years to be more ‘end-consumer friendly’ if you will — making sure that they are protected, not only in knowing their rights, but that they are protected from all the cost that is associated with the real estate transaction,” Braga said.

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Legal Real Estate Real Estate Agent Law 336

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. Those details are clearly established in the listing agreement between your brokerage and the seller.

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Agents Buyers Training Law 367

Housing Wire

JULY 15, 2022

Brian Gubernick: While I do not think I have a favorite article, I definitely have a favorite section right now…and that’s “Mortgage” ! Disrupters” that believe that wedging their way between the Realtor and his or her database is what is best for buyers and sellers. To become an HW+ member, click here.

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Real Estate Realtors Brokerage Business 349

National Association of Realtors

AUGUST 1, 2023

The answer to who can set market value involves buyers, sellers—and the very definition of “value.”

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Home Value Market Value Appraisal Sellers 69

Housing Wire

APRIL 8, 2024

When asked about the case numbers, Lunde explained that he is “definitely” encouraged by the increase seen there, especially considering the way last year ended up shaking out. “The key will be watching to see if this continues in light of the slow upward grind in the 10 year [constant maturity treasury (CMT) rate] so far this year.”

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Mortgage Marketing Sellers Investors 342

Housing Wire

MARCH 2, 2023

Applications have definitely slowed down in the last few weeks. But with all of the volatility it’s been a struggle to get sellers to give the kind of credits we need for those programs. I feel like we have some people sitting on the fence again,” said one loan officer in the Portland, Oregon market. “I

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Mortgage Buyers Loan Officers Marketing 432

Housing Wire

MARCH 30, 2021

“So we’re seeing activity, the pipeline of sellers is growing and the key is going to be just getting to the right valuation point…we’re very careful about price considerations and want to make sure that anything that we’re considering will definitely be reasonable.”

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Mortgage Retail Valuation Lending 388