Housing Wire

NOVEMBER 15, 2023

The wholesale lender will cover up to $600 of the appraisal cost on all conventional and government-backed home loans until March 31 when a broker uses UWM’s 1-0 temporary rate buydown. The escrow account is funded by either the seller, builder or lender via a lump-sum payment at closing.

Appraisal 391

Appraisal Real Estate Agent Sellers Government 391

Housing Wire

APRIL 23, 2024

In the purchase space, Martell said that real estate agents are the company’s “biggest source” of leads and are all “trying to figure out” what the NAR settlement will mean for the market. ” “The government is disrupting some of their sites, but we need more of that. ”

Mortgage 294

Mortgage Real Estate Agent Real Estate Renovations 294

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. It wasn’t so long ago that experts said the internet would drastically bring down agent commissions. I briefly considered a “listing only” agent , but chickened out.

Agents 400

Agents Real Estate Agent Brokerage Real Estate 400

Housing Wire

OCTOBER 20, 2023

No seller must use a real estate agent to sell a home — ever. In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. Consumers are free to sell or buy a home without an agent — and consumers know this.

Real Estate Agent 426

Real Estate Agent Real Estate Brokerage Agents 426

The Appraiser Coach

SEPTEMBER 14, 2021

We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. Appraisers have been accused of being “speed bumps” in the lending process. In some ways, I can understand their. Read More.

Agents 370

Agents Appraisal Real Estate Agent Loan Officers 370

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 431

Sellers Buyers Real Estate Contracts 431

Housing Wire

MAY 1, 2024

When HomeServices of America reached a nationwide settlement agreement last week in the commission lawsuits filed by home sellers, it became the final defendant in the two original commission cases, Sitzer/Burnett and Moehrl, to do so. Representatives for Anywhere and Keller Williams declined to comment on the fast-approaching hearing date.

Realtors 327

Realtors Real Estate Agent Real Estate Brokerage 327

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Sellers 420

Sellers Buyers Real Estate Agents 420

Housing Wire

NOVEMBER 9, 2023

So, the fact that we are now seeing things further in the process come down to agents and brokers — I was not entirely surprised by that.” In addition to the DOJ, real estate agent commissions may have caught the eye of yet another government agency.

Legal 357

Legal Real Estate Real Estate Agent Law 357

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. It also allows home sellers to receive top dollar for the home, he said. The product, known as an assumable mortgage, is not new.

Mortgage 372

Mortgage Loan Officers Government Buyers 372

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Housing Wire

APRIL 25, 2023

For Rocket Pro TPO, home sellers or real estate agents funded the program for borrowers. “We’re Launched in September 2022, Rocket Mortgage’s Inflation Buster, which ended on March 31, covered the difference in mortgage payments in the first 12 months through a special escrow.

Buyers 324

Buyers Finance Real Estate Agent Government 324

Housing Wire

NOVEMBER 1, 2023

In metros across the country, decade after decade, pre-internet and post-internet, buyer agents almost always get 2-3% of the sale price, paid by the seller, the researchers note. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

Clients 429

Clients Agents Buyers Sellers 429

Housing Wire

NOVEMBER 16, 2021

Change is inevitable, and there is arguably no industry more prone to change than American real estate. From rapid technological advancements employed by real estate agents to innovations surrounding ways consumers can view housing information, the market has continued to adapt and evolve to better serve American consumers.

Real Estate Agent 340

Real Estate Agent Agents Sellers Real Estate 340

Housing Wire

AUGUST 11, 2021

But Rocket’s announcement provides a couple of specific ways it wants to cut into the real estate market and challenge traditional agents. Foremost is the ability for a home seller to work with an in-house Rocket real estate agent who is in “downtown Detroit” and will receive a commission of 1.5%

Real Estate 421

Real Estate Brokerage Real Estate Agent Agents 421

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

Buyers 385

Buyers Agents Loan Officers Real Estate 385

Housing Wire

DECEMBER 7, 2023

Editor in Chief Sarah Wheeler sat down with Tom Cronkright, co-founder and executive chairman of CertifID and CEO of Sun Title , to talk about battling the latest frauds and scams as bad actors leverage a new arsenal of tech tools to wreak havoc on buyers and sellers of real estate. TC: Seller impersonation fraud.

Real Estate 431

Real Estate Sellers Technology Real Estate Agent 431

Housing Wire

JULY 19, 2022

Michael Loftin, CEO of Homewise , whose work revolves around sustainable homeownership, suggested HUD take a cue from the government-sponsored enterprises. Loftin also suggested a subsidy for real estate agents, because “they can’t make a living selling $40,000 homes.”

Mortgage 380

Mortgage Finance Lending Development 380

Housing Wire

MARCH 5, 2024

Raunaq Singh wanted to capitalize on that opportunity and founded Roam , a platform that helps buyers and sellers with the assumption process. Roam acts as a facilitator, synchronizing all stakeholders involved in the assumption process, including real estate, title and escrow agents, attorneys, and the buyer and seller themselves.

Mortgage 410

Mortgage Buyers Agents Real Estate Agent 410

Cleveland Appraisal Blog

FEBRUARY 7, 2023

To achieve that, you must demonstrate to the local government that that’s the case. Taking accurate measurements yields a more precise cost When setting the asking price for a home, what is one of the most important considerations for the seller and the real estate agent?

Real Estate Agent 289

Real Estate Agent Property Taxes Real Estate Appraisal 289

Housing Wire

JANUARY 17, 2023

A subsidiary of HomeServices of America and owner of about 40 real estate brands across the country, the lender’s success is tied to its affiliated real estate brokerages’ business. The Virginia-based mortgage bank sponsors 679 loan originators and has 492 branches, according to the NMLS.

Mortgage 363

Mortgage Real Estate Real Estate Agent Realtors 363

Housing Wire

OCTOBER 31, 2023

Buyer’s agent commissions won’t necessarily go away Two weeks ago, the Real Estate Board of New York (REBNY) and the Residential Listing Service modified their rules starting Jan. My hunch is both these government entities are just biding their time to see if the lawsuits will do their job for them.

Real Estate 401

Real Estate Realtors Agents Buyers 401

Miller Samuel

JUNE 28, 2020

The days on market (DOM) metric is significant to sellers because they don’t want their home to be perceived as overpriced if it sits unsold too long. Sellers look at DOM too and become concerned when their listing sits too long relative to the competition, typically blaming the agent for not marketing the property enough.

Housing Market 221

Housing Market Marketing Real Estate Sellers 221

Housing Wire

MARCH 1, 2022

Later in 2020, eOriginal was acquired by Wolters Kluwer for $280 million in cash and continues to operate within the Wolters Kluwer Governance, Risk & Compliance business. Real estate is a $206 billion industry, according to IBISWorld. Knock.com offers solutions for both buyers and sellers. And, why not?

Real Estate 331

Real Estate Brokerage Real Estate Agent Technology 331

Housing Wire

APRIL 12, 2023

Among those targets were a Memphis-based real estate company and a title company in Washington state that combined were swindled out of more than $200,000 through the scam. The victims targeted can be lenders, real estate agents, title companies and other escrow agents, attorneys as well as homebuyers and sellers.

Real Estate 362

Real Estate Government Technology Real Estate Agent 362

Appraisal Buzz

SEPTEMBER 26, 2022

The “official unofficial” government-related loan definition of market value is clear. It says buyer and seller are: Prudent and knowledgeable. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby? How can this be? Let’s Pretend.

Market Value 321

Market Value Sellers Buyers Finance 321

Miller Samuel

NOVEMBER 30, 2018

One group not explicitly mentioned in the petition but impacted down the road are real estate agents and brokers. If the buyer realizes they overpaid for the property, the agents are now the professionals with the bullseye on their back. The seller and the buyer determined the market value by agreeing on the price."

Appraisal 300

Appraisal Inspection Real Estate Agent Agents 300

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. Here are the following strategies agents can use to guide first-time homebuyers toward achieving this monumental step. Sellers are even using this as a tool to attract buyers. It never will be.

Agents 397

Agents Buyers Sellers Inventory 397

Realtor

APRIL 14, 2021

But there are still many great opportunities if you’re patient and have a great real estate agent and lender.”. 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 Research down payment assistance programs.

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

Housing Wire

JULY 12, 2022

Starting in July, the government-sponsored enterprise will allow remote inspections on some refinance loans it buys. An agent does a floorplan scan when they make a listing. The seller accepts it; they go into contract. After all, it wasn’t so long ago appraisers received assignments via fax machine. An offer comes in at 5 p.m.

Appraisal 409

Appraisal Inspection Real Estate Agent Training 409

Housing Wire

OCTOBER 1, 2021

It is hot, hot, hot here,” Clay Winder, a real estate agent for Keller Williams Westfield , said. If the house is over the average days on the market, buyers can offer list price, but if it’s new to the market on an opening weekend, they might go $5,000 to $10,000 over,” Becca Summers, a local Keller Williams agent said.

Housing Market 421

Housing Market Marketing Agents Real Estate 421

Lamacchia Realty

MARCH 17, 2023

Understanding the difference between these two values can help you make informed decisions when it comes to buying or selling a property Assessed Value Assessed value is a value that is assigned to a property by the local government for taxation purposes.

Market Value 74

Market Value Marketing Real Estate Agent Real Estate 74

Quicken Loans

JUNE 8, 2021

But if you work with a real estate agent who understands your local foreclosure market, the stress shouldn’t be much higher than during a traditional home buy. Even if the sellers agree to your offer, their bank or lender might reject it if it’s too low. Buying A Government-Owned Property. Buying At An Auction.

Real Estate Agent 72

Real Estate Agent Inspection Government Real Estate 72

Appraisal Today

APRIL 26, 2024

What Does Arm’s Length Mean in Real Estate? The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

Realtor

APRIL 14, 2021

But there are still many great opportunities if you’re patient and have a great real estate agent and lender.”. 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 Research down payment assistance programs.

Mortgage 78

Mortgage Real Estate Agent Buyers Real Estate 78

Housing Wire

NOVEMBER 22, 2021

For others, NAR is just a huge institution, not unlike a government body, and they choose to have limited interaction with it. As for the exhibitors, it was crazy how many were really tangential to the bread and butter of real estate agents.

Real Estate 295

Real Estate Agents Real Estate Agent Buyers 295

Housing Wire

JULY 25, 2023

Impact on home values and sales In the meantime, real estate agents in Florida and California are concerned that the rising homeowners’ insurance costs in their states will have a negative impact on homeownership. Entry level homebuyers are getting hit hardest.

Insurance 348

Insurance Housing Market Marketing Agents 348