Housing Wire

OCTOBER 16, 2023

Zillow research also found that a majority of homeowners with mortgages have locked in a rate below 5%, and are almost half as likely to consider moving. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%.

Agents 379

Agents Buyers Sellers Inventory 379

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. An offer comes in at 5 p.m.

Appraisal 401

Appraisal Inspection Real Estate Agent Training 401

Miller Samuel

NOVEMBER 30, 2018

My friend and appraisal colleague Ryan Lundquist and I authored a petition on change.org to point out the growing wreckless behavior that is enveloping the mortgage process. There’s a proposal from the FDIC, Federal Reserve, and Treasury Department not to require appraisals for some mortgages under $400,000. Ever heard of straw buyers?

Appraisal 300

Appraisal Inspection Real Estate Agent Agents 300

Housing Wire

MARCH 7, 2022

Absolutely, I will offer an NFT option to sellers within the next year,” said Richard Hopen, a Compass agent in Short Hills, New Jersey. The Gulfport seller, Heckler explained, created a limited liability company that held ownership of the home. Propy then guided the seller into minting the LLC as an NFT.

Real Estate 452

Real Estate Law Inspection Agents 452

Realtor

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency. Get final mortgage approval. Clear the title.

Buyers 208

Buyers Inspection Contracts Real Estate Agent 208

Movoto

MAY 29, 2024

Once the parties sign the real estate purchase agreement and the buyer pays earnest money, several additional steps must be completed before the property can successfully transfer from seller to buyer. The steps completed during the real estate closing process are as follows – just note that some steps will differ for buyers and sellers.

Real Estate 36

Real Estate Inspection Real Estate Agent Buyers 36

Raleigh Realty

SEPTEMBER 2, 2022

So whether you're a first-time home buyer or an experienced seller, stay tuned, because we’re going to tell you everything you need to know. Title Fees Home Appraisal Fee Home Inspection Fee Homeowner’s Insurance Fee Transfer Tax Escrow Fees Loan Origination Fees Closing Costs FAQs How Much Are Closing Costs?

Buyers 78

Buyers Insurance Inspection Sellers 78

Will Springer Realtor

JUNE 1, 2021

One of the most valuable components to a buyer’s offer is the home inspection contingency, an opportunity to check the condition of the property before agreeing to close the deal. That’s okay during a private visit – preferably with full knowledge of the seller and listing agent – but highly frowned upon during an open house.

Inspection 36

Inspection Buyers Sellers Open Houses 36

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.

Real Estate 329

Real Estate Open Houses Brokerage Real Estate Agent 329

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).

Sellers 69

Sellers HOA Insurance Contracts 69

Realtor

AUGUST 1, 2018

But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan. Let’s get into the first thing you’ll have to factor in with an FHA loan: mortgage insurance.

Inspection 136

Inspection Insurance Buyers Renovations 136

Genworth MI Blog

FEBRUARY 29, 2024

The mortgage process involves diligence and timeliness to ensure that borrowers can meet their closing date – that diligence is also required to master the appraisal review process. Property conditions that impact subject livability, soundness, and/or structural integrity may cause such further inspection/repairs.

Appraisal 88

Appraisal Inspection Training Real Estate 88

Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Adjustable-Rate Mortgage (ARM). Amortization. Annual Percentage Rate (APR).

Mortgage 69

Mortgage Insurance Sellers Inspection 69

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

Lamacchia Realty

SEPTEMBER 20, 2023

EVERYTHING YOU NEED TO KNOW ABOUT CLOSING COST CREDITS Buyers , sellers , and sometimes even real estate agents get confused with how closing cost credits work. Closing cost credits doesn’t hurt the seller in any way. In fact, they help sellers because many buyers cannot buy without them. That is no longer allowed.

Sellers 62

Sellers Buyers Property Taxes Inspection 62

Movoto

APRIL 8, 2024

After submitting an offer on a home you plan to purchase, a few things might happen – once an offer is accepted (typically, after negotiations but not always), real estate sales agreements come into effect between buyers and sellers. Title and Insurance. Some of these procedures can be required depending on the type of home loan.

Contracts 36

Contracts Real Estate Property Taxes Legal 36

Lamacchia Realty

MARCH 12, 2024

As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market.

Buyers 70

Buyers Inspection Sellers Real Estate 70

Eppraisal

JUNE 23, 2023

Choosing the Right Mortgage Option Research different types of mortgages (e.g., fixed-rate, adjustable-rate) Evaluate interest rates, terms, and repayment options Consult with your mortgage lender to find the best fit for your needs B. Finalizing Your Financing A.

Finance 36

Finance Inspection Insurance Real Estate Agent 36

Realtor

AUGUST 1, 2018

But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan. Let’s get into the first thing you’ll have to factor in with an FHA loan: mortgage insurance.

Inspection 78

Inspection Insurance Buyers Renovations 78

Lamacchia Realty

OCTOBER 6, 2021

However, the general rule of thumb is that it needs to be replaced in 60 days to obtain home insurance. No home insurance, no mortgage. Getting Insurance for a Home with Knob and Tube Wiring. Obtaining insurance for a home with knob and tube wiring comes with a specific set of requirements. Seller Resources.

Insurance 72

Insurance Inspection Buyers Modernization 72

Raleigh Realty

AUGUST 20, 2022

Hidden Costs when Purchasing a Home There are hidden costs when buying a home, including closing costs, insurance, or utility costs. When many buyers consider the cost of purchasing a home, the mortgage payment is typically the expense that immediately comes to mind. The seller pays the listing firm.

Property Taxes 78

Property Taxes Real Estate Agent Insurance Real Estate 78

Assurance Financial

APRIL 29, 2021

Important Mortgage Acronyms. When you’re in the process of shopping for a home and a mortgage, you’re likely to encounter what looks like alphabet soup. All those letters and mortgage statement abbreviations can make your head spin. Mortgage Term Abbreviations to Know. ARM (Adjustable-Rate Mortgage).

Mortgage 74

Mortgage HOA Insurance Real Estate Agent 74

Realtor

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency. Get final mortgage approval. Clear the title.

Buyers 78

Buyers Inspection Contracts Real Estate Agent 78

Assurance Financial

MAY 14, 2024

Review Budget, Financial Preparations and Mortgage Options Once you know what kind of home you can afford according to the specifications of your needs and wants, you can review and prepare your finances to plan a budget and discover mortgage options. Learn more about our mortgage services by contacting us today.

Inspection 36

Inspection Real Estate Agent Finance Training 36

Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. You can read more about property inspection waivers in a past article I wrote.

Appraisal 93

Appraisal Inspection Appraisal Process Real Estate Agent 93

Eppraisal

JULY 19, 2022

Unsure if you should hire an attorney to represent you in your real estate transaction, ask your real estate agent or mortgage lender. Contract Review Whether you are a home buyer or a home seller, once you sign a contract it is time to hire a real estate attorney. It is advised that you forward the inspection reports to your attorney.

Real Estate 36

Real Estate Inspection Real Estate Agent Contracts 36

Will Springer Realtor

SEPTEMBER 19, 2023

Unexpected flooding caused major problems for Mabél Guzmán, a real estate broker in Chicago: “I moved into a townhouse that was not even near a flood zone and didn’t require flood insurance,” she says. “I Property owners outside of high-risk flood areas file more than 20% of all claims with the National Flood Insurance Program.

Insurance 46

Insurance Inspection Real Estate Buyers 46

PennyMac

JUNE 28, 2022

Getting a mortgage isn’t free, and closing on a house isn’t free. Throughout the process of buying a home, many professionals have contributed important services, and both buyers and sellers will need to pay fees for that before the property can be officially sold. Closing costs can apply to both the buyer and seller.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Zillow

JULY 15, 2019

American Society of Home Inspectors (ASHI) : A not-for-profit professional association that sets and promotes standards for property inspections and provides educational opportunities to its members. Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer.

Contracts 143

Contracts Tenants Legal Sellers 143

Will Springer Realtor

DECEMBER 8, 2021

Who said this is a sellers’ market? The federal guarantors of most consumer mortgages have agreed to raise the borrowing limits on 30-year conforming loans. Every year loan limits established for mortgage backers like Fannie Mae and Freddie Mac are reviewed and adjusted according to regional home values. SCAM ALERT.

Sellers 36

Sellers Marketing Supply Chain Construction 36

Appraisal Today

SEPTEMBER 22, 2023

To me, the big issue is who is doing the inspections. A buyer gets a seller’s disclosure statement for that information. Most of the inspection training we receive as appraisers happens in the field. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing.

Appraisal 86

Appraisal Training Inspection Real Estate 86

Assurance Financial

MAY 18, 2022

If you’re considering buying a home and don’t think you’ll qualify for a conventional mortgage, a Federal Housing Administration (FHA) loan or a United States Department of Agriculture (USDA) loan might be right for you. It guarantees or insures the FHA loan program. The mortgage insurance comes in two parts.

Insurance 69

Insurance Government Mortgage Sellers 69

Realtor

SEPTEMBER 29, 2017

It essentially allows you to put a “hold” on a house while you conduct the inspections and appraisal. The seller wants that buyer to have some money in the game when they take the house off the market,” Chubirko explains. Home inspection. Title insurance. Recording fees.

Inspection 85

Inspection HOA Insurance Real Estate 85

Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. The first thing you should do: call your agent, tell them the appraisal price is the highest you're willing to pay, and have them tell the seller so. What is a Home Appraisal?

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

Movoto

JANUARY 31, 2022

You’ve worked with a real estate agent , toured an endless number of properties, got an offer accepted , navigated the mortgage process , and now you’re in the final stretch. The bank: Your mortgage lender. Real estate attorney: They can represent you or the seller, or both sides may have attorneys.

Real Estate Agent 36

Real Estate Agent Sellers Insurance Buyers 36

Lamacchia Realty

JANUARY 10, 2022

Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since. They should be well known, respected among agents in the area, and highly specialized in mortgage lending. Consider Waiving Inspection. Shorten Contingency Time Frames.

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Sellers Buyers Inspection Bracketing 72