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What to do when your buyer wants to make a lowball property offer

Housing Wire

Speak with their lender to ensure you’re fully understanding their situation, especially as interest rates and lending standards change all the time. Has the seller recently corrected negative feedback? Has the seller recently rejected offers? So do buyer’s credit scores , ratios and down payment funds. See the difference?

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LendingPulse Q2 2023 survey: Mortgage pros share their biggest concerns, market outlook

Housing Wire

Incentives in the Market In a higher-rate environment, temporary rate buydowns funded by sellers, lenders or builders were widely offered as an incentive for buyers. The majority of the 155 respondents – about 70% of the total – noted temporary rate buydowns funded by the seller, builder or lender are offered as incentives to buyers.

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3 mortgage industry trends that will define the rest of 2021

Housing Wire

Typically, this dynamic tends to favor the seller because, thanks to the lower interest rates, buyers are willing to borrow more and pay less interest over the life of the loan. Low housing inventory and the general uncertainty in the economy all factor into the current market price for homes and interest rates. Push for tech.

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9 Things Clients Expect from Their Real Estate Agent

McKissock

Schedule Multiple Open House Appointments and Follow-Up Meetings. If you’re not frequently getting your clients into open houses, how do you expect them to purchase one anytime soon? If your client is interested in any property, schedule an open house appointment for them at the earliest convenience.

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Tips for Buying a House in a Seller’s Market

Assurance Financial

During home shopping, most homebuyers want to know whether the current housing market is a seller’s market or a buyer’s market, along with how to get a good deal in a seller’s market. Buyer’s vs. Seller’s Market. Seller’s Market. What Is a Seller’s Market?

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How to Sell Your Home in Autumn

Eppraisal

Fixing your property’s structural and aesthetic issues, jazzing it up for open houses and hiring the right people for the job take time, so make every day count. Mind Curb Appeal Autumnal foliage will lend a distinct character to your home exterior, but fallen leaves may scatter across your yard.

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How LOs, mortgage execs are preparing for 2024

Housing Wire

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. I’m comfortable with lending there because I know I’m very familiar with the area.

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