Housing Wire

SEPTEMBER 19, 2023

Appraisals are required for homes financed with any type of mortgage. This will help you set a realistic price and manage your sellers’ expectations. For appraisals that are low, a seller may want to get a second appraisal. The report is submitted to the lender, the buyer and the seller — when requested.

Real Estate 437

Real Estate Appraisal Agents Inspection 437

Housing Wire

MAY 30, 2024

home sellers cut their asking prices during the four-week period ending May 26. My advice for those buyers is to be open-minded: Consider single-family homes that are a bit outdated but don’t need major renovations, and/or homes in lesser-known, non-trendy neighborhoods. A report released Thursday by Redfin showed that 6.4%

Renovations 418

Renovations Buyers Real Estate Mortgage 418

Lamacchia Realty

MAY 23, 2023

WHAT TO KNOW ABOUT HOME RENOVATIONS IN 2023 In recent years, the world has undergone a multitude of changes, and the home renovation industry is no different. Factors such as supply chain disruptions, project delays, and increasing costs have greatly impacted both new construction and ongoing renovation projects.

Renovations 51

Renovations Supply Chain Construction Home Improvement 51

Housing Wire

NOVEMBER 1, 2022

Generally speaking, a buydown is a real estate financing technique that makes it easier for a borrower to qualify for a mortgage with a lower interest rate. A 2-1 buydown can be paid for by the homebuyer or the home seller can pay for it as a seller concession. So what is a 2/1 rate buydown? How does a 2/1 rate buydown work?

Loan Officers 433

Loan Officers Sellers Clients Buyers 433

Housing Wire

AUGUST 2, 2022

The purchase price can’t exceed the Federal Housing Finance Agency ’s conforming loan limits, which top out at $970,800 for 2022. This won’t apply for homes that are being renovated — the department was not immediately available to explain the logic of that choice — manufactured homes, or condominiums.

Appraisal 363

Appraisal Appraisal Process Renovations Finance 363

Cleveland Appraisal Blog

AUGUST 25, 2022

You’ve just purchased your first property to renovate. Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. Let the Renovations Begin! How can you capitalize on your first investment property? Determine How Much You Can Afford.

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Investing Renovations Landlords Real Estate 332

Housing Wire

NOVEMBER 6, 2023

The last thing homebuyers and sellers expect to encounter on their real estate journey is discrimination. When it was passed in 1968, the Fair Housing Act made it illegal to discriminate in rental housing, real estate sales, and financing based on race, color, national origin, religion, sex, familial status, or disability.

Real Estate Agent 418

Real Estate Agent Law Real Estate Agents 418

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. “Significant untapped growth potential,” touts a slide in an Offerpad Solutions Inc. “The largest, undisrupted market in the U.S.,”

Marketing 397

Marketing Inventory Renovations Investors 397

Housing Wire

JANUARY 31, 2023

The right product mix When Finance of America Companies closed its forward mortgage origination unit in October, Steven Reich, a former COO at Finance of America Mortgage , and some branch managers wanted to stick together as a pack. One of the things that they do well is construction and renovation loans in-house,” Barnes said.

Mortgage 362

Mortgage Loan Officers Retail Finance 362

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Going for an as-is home sale eliminates the need for a lengthy renovation process. Moreover, buyers sometimes prefer to renovate the home according to their taste.

Renovations 221

Renovations Buyers Appraisal Investing 221

Housing Wire

OCTOBER 20, 2023

Post decorating and renovation tips Since customization is commonplace among homeowners, posting decorating or renovation tips may be helpful to your audience. Break down real estate lingo First-time homebuyers and sellers can easily become confused and overwhelmed by unfamiliar real estate terms.

Real Estate 346

Real Estate Agents Real Estate Agent Clients 346

Housing Wire

MARCH 28, 2022

With that said, with tight margins of around 5% , time is short, meaning human value creation (renovations big or small) are usually foregone in favor of an algorithmically determined window dictating when to buy or flip. To de-risk transactions, tailored add-ons are important. Andy Bodrog is Partnerships Director, Property at Cover Genius.

Real Estate 366

Real Estate Marketing Insurance Buyers 366

Housing Wire

APRIL 9, 2021

.” With “Raveis Purchase,” which officially launched earlier this month, WRRE will acquire the home-seller’s property for an initial payment of up to 80% of the current value of the home, which unlocks the majority of the equity and enables the seller to settle any mortgages.

Brokerage 400

Brokerage Real Estate Clients Insurance 400

Assurance Financial

JULY 20, 2023

Fortunately, 100% financing options are available for home loans that may allow you to purchase a home with no money down. If you are looking for a home loan with 100% financing, meaning a home loan that doesn’t require a down payment, we cover what you need to know. What Is a 100% Financing Home Loan?

Finance 36

Finance Government Design Insurance 36

Quicken Loans

JUNE 17, 2021

The good news is you can get the best of both worlds with delayed financing, a cash-out refinance option for recent cash buyers. What Is Delayed Financing? What if you had major renovations for your new home in mind? When Would You Use Delayed Financing? Pros Of Using Delayed Financing. Build Credit.

Finance 68

Finance Buyers Real Estate Investing 68

Housing Wire

FEBRUARY 24, 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 sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 276

Real Estate Agent Real Estate Agents Loan Officers 276

Eppraisal

AUGUST 25, 2023

Get Your Finances in Order Before diving into the house hunt, ensure your financial foundation is solid. Sellers are more likely to take your offer seriously when they know you're financially qualified to make the purchase. Sellers might be more motivated to negotiate, and there could be less competition among buyers.

Inventory 69

Inventory Real Estate Buyers Renovations 69

Appraisal Buzz

SEPTEMBER 26, 2022

Improve Finances On All Sides. These sellers often pick people with at least a 20% down payment, so being more open to negotiation can improve home affordability. With less confidence, some homeowners turn to renovations on their current homes. Increase Financing for Current Homes. Remove Condo Lending Restrictions.

Construction 195

Construction Supply Chain Buyers Retail 195

Housing Wire

MAY 20, 2022

Roofstock Marketplace , for example, offers services to help sellers who need to sell their homes fast, including key market insights to help with pricing. It may be a seller’s market for a while, but then switch to a buyer’s market, or the market could come to a halt altogether. The economy – No one can control the economy.

Real Estate Agent 373

Real Estate Agent Tenants Real Estate Agents 373

Birmingham Appraisal

JUNE 21, 2023

Condition: The overall condition of a property, including its structural integrity, maintenance, and any necessary repairs or renovations, affects its appraisal value. Importance of Accurate Pricing Accurate pricing is vital for both sellers and buyers. Here are some valuable insights and tips: 1.

Real Estate Agent 76

Real Estate Agent Real Estate Agents Appraisal 76

Raleigh Realty

FEBRUARY 2, 2022

Is the seller not willing to negotiate repairs? Working through repairs on the home inspection shouldn't be a battle, there should be a mutual understanding from both sides why a buyer is requesting certain repairs and why the seller may decline those repairs. As a buyer, always try to come to the seller from a kind, courteous place.

Inspection 158

Inspection Sellers Buyers Realtors 158

Assurance Financial

APRIL 18, 2022

After your purchase, you can renovate the property to make it suit your tastes and fit your needs. Depending on the extent and cost of your home improvement goals, you might need to take out a loan for renovations. A home renovation loan is most likely not going to be the same as your mortgage. Why Remodel Your Home?

Renovations 74

Renovations Construction Home Improvement Mortgage 74

Lamacchia Realty

SEPTEMBER 14, 2021

Sometimes it pays to refinance and renovate. FHA Rehabilitation Loans allow the homebuyer or homeowner to finance the purchase or refinance along with the renovation of a home through a single mortgage. Properties that are granted FHA Rehab Loans are typically not up-to-date and require renovation to modernize the home.

Renovations 66

Renovations Modernization Buyers Finance 66

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. Your offer will only become legally binding if the seller signs it.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Glascock Company

DECEMBER 11, 2020

While there are plenty of benefits to both, there is one alternative that could flip the sale faster and without much stress on you as the seller. Auctions are one of the most expedient ways to sell real estate (both commercial and residential) while still allowing the seller to maintain total control over the transaction.

Sellers 78

Sellers Inspection Real Estate Buyers 78

Housing Wire

FEBRUARY 8, 2024

Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City. Here, Nicholson promises excellence, knowledge and personalized results for discerning buyers and sellers. She received her Bachelor of Arts from the University of Georgia.

Real Estate Agent 369

Real Estate Agent Real Estate Agents Clients 369

Realtor

APRIL 14, 2021

” The changes in everyday life due to the pandemic have placed a greater emphasis on the value of a home, says Rick Rudman , CEO at Curbio, a home renovation technology company. Some sellers are even receiving dozens of all-cash offers. . “The best time to buy is when it makes sense in your life.”

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

Berkshire Hathaway

AUGUST 30, 2022

Are you looking for a move-in ready rental property or are you willing to consider a home that requires renovations? Setting a budget from the onset will allow you to negotiate more effectively since the property seller will understand what exactly you can afford. Assess the Seller’s Motivation. Set Your Budget.

Buyers 49

Buyers Legal Fees Real Estate Renovations 49

The Robert Weiler Company

JUNE 17, 2022

Better and Easier Financing Options. The latter can be a lot cheaper but the amount of renovations required might end up costing you more in the long-run. Do your own walk-through with the seller. Pros and Cons of Buying Apartment Buildings. Pros of Investing in an Apartment Building. Reliable Cash Flow. Passive Income.

Property Management 147

Property Management Renovations Real Estate Investing 147

Genworth MI Blog

FEBRUARY 29, 2024

This should include photos of any recent updates/renovations that were used as adjustments and applied to the sales where the sales comparison approach is presented as support for the opinion of value. Property value impacts not only the seller, but the borrower too after all.

Appraisal 88

Appraisal Inspection Training Real Estate 88

PennyMac

JANUARY 2, 2024

Very Motivated Sellers Sellers are often motivated due to less competition from buyers. Plus, sellers may be tired of waiting for a sale if the home has been on the market since the summer. Motivated sellers may be more willing to accommodate your schedule. You’ll have less competition as homes hit the market.

Renovations 28

Renovations Sellers Property Taxes Inventory 28

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

When you are the seller of a FSBO (For Sale By Owner). Based on my research of keeping the data on these types of transactions, at least 75% - 80% of the time, the seller would have had a higher net income even if they were to have paid the commission. Most people know that appraisals need to be completed for lending purposes.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

Listing Spark

JUNE 3, 2024

The right platform will also offer a project management tool to help you track renovation progress, manage contractors, and stay on top of deadlines. Furthermore, these options can provide tracking features to monitor your investment and keep your finances in line.

Real Estate 28

Real Estate Investing Project Management Renovations 28

Boston Appraisal

DECEMBER 11, 2023

The appraisal process is important for homeowners, buyers and sellers. Appraisals can affect the financing, the negotiation of the purchase price, and ultimately the closing of the sale or the loan.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Easement 78

Assurance Financial

DECEMBER 20, 2021

According to Freddie Mac, almost 90% of American homeowners finance their homes with a 30-year mortgage. In a traditional home sale, the seller lists the house for a price that will cover the following costs: The mortgage’s remaining costs. As a result, the seller no longer has that mortgage. Traditional Home Sale.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. My advice to agents and sellers is to really analyze the properties that they are using to develop their asking price. It is free to visit. They just look at the number. .

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Realtor

APRIL 14, 2021

” The changes in everyday life due to the pandemic have placed a greater emphasis on the value of a home, says Rick Rudman , CEO at Curbio, a home renovation technology company. Some sellers are even receiving dozens of all-cash offers. . “The best time to buy is when it makes sense in your life.”

Mortgage 78

Mortgage Real Estate Agent Buyers Real Estate 78