Housing Wire

NOVEMBER 1, 2024

So, let’s start with the basics: What is a real estate broker vs. an agent? To answer that, we’ll take a deep dive into the differences between the many types of real estate professionals, including a real estate agent and a real estate broker. Summary What is a real estate agent? What does a real estate agent do?

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Agents Brokerage Purchase and sale agreement Commercial 448

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At as of March 6, 2024. Altos considers any score above 30 to be a seller’s market.

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Agents Marketing Investor Inspection 468

Housing Wire

MARCH 22, 2021

Interestingly, Redfin data showed waiving the inspection contingency and conducting a pre-inspection – meaning the buyer conducted an inspection before making an offer – had no significant impact on whether a prospective buyer wins a bidding war. Anything below list price, regardless of the terms, just can’t compete.”

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Inspection contingency Inspection Sales Mortgages 545

Housing Wire

OCTOBER 16, 2023

Here are the following strategies agents can use to guide first-time homebuyers toward achieving this monumental step. Homebuyers using a variety of mortgage loans to finance their home purchase are eligible to use assistance options to help with their down payment and/or closing costs. I’ll explain later.)

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Agents Seller concession Closing costs Mortgages 435

Housing Wire

JUNE 10, 2021

Working with a real estate agent isn’t free, but it takes the work off your plate as a seller. A real estate agent finds potential buyers, arranges housing tours and handles all the paperwork and coordination between all the parties involved. A concession is when the seller agrees to pay part of a buyer’s closing costs.

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Seller concession Staging Closing costs Inspection 546

Housing Wire

AUGUST 3, 2023

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” So how can real estate agents be so cavalier about their job?

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Agents Technology Development Industrial 370

Housing Wire

NOVEMBER 4, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. Finding an agent Like 43% of homebuyers , I began my search online, as I worked to get a sense for what the inventory in my preferred areas and in my price range looked like. Funny you should ask.

Purchase and sale agreement 435

Purchase and sale agreement Inspection contingency Inspection Title 435

Housing Wire

OCTOBER 9, 2024

17 , when the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement had to be implemented, most brokers and agents were concerned about how they would disclose a seller’s offer of buyer broker compensation. The previous system guaranteed buyer agent payment through MLS enforcement.

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Purchase and sale agreement Agents Sales Closing 468

Housing Wire

FEBRUARY 21, 2024

Curbio , a provider of pre-sale home improvement services that requires payment at closing, will provide its “Build Your Own Estimate” mobile app to NAR members, which offers free repair estimates for home inspections upon the upload of a PDF document. Founded in 2017, Curbio is based in Potomac, Md.

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Inspection Investor Closing Agents 435

Housing Wire

DECEMBER 20, 2021

The Doma Intelligence platform works by automating many of the rote tasks of the closing process including retrieving and analyzing documents that need to be searched. Doma Intelligence is used by Chase , Wells Fargo , Homepoint and PennyMac to automate portions of their closings.

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Title Closing Inspection Residential 418

Keeping Current Matters

OCTOBER 12, 2020

Most real estate agents have developed a strong Internet and social media strategy to promote the sale of your house. The buyer’s agent, who solely represents the best interest of the buyer. The buyer’s agent, who solely represents the best interest of the buyer. You Net More Money When Using an Agent. Bottom Line.

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Agents MLS Inspection Mortgages 337

Housing Wire

MAY 20, 2024

These include refreshed guidance on applications and disclosures, HECM eligibility, property acceptability and underwriting, closing requirements, and program details for HECM for Purchase (H4P) and reverse mortgage applicability to condominiums.

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Mortgages Inspection Residential Equity 459

Housing Wire

AUGUST 22, 2024

Although the process for communicating and dispersing buyer agent compensation has shifted, the industry adapted calmly within a couple of weeks. For many Realtors, the biggest challenge so far has been convincing strangers to meet in a strange place to discuss strange topics—buying a home, getting a mortgage , negotiating inspections, etc.

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Industrial Agents Inspection As-is 476

Housing Wire

JULY 26, 2024

The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties. Contingencies in the agreement protect both parties if problems arise during the appraisal, inspection, or financing stages of the transaction. Establish a timeline.

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Purchase and sale agreement Finance Closing costs Closing 459

Housing Wire

MARCH 10, 2023

.” In a statement Friday, Accurate Group said it has completed more than three million property data inspections and hybrid appraisals through its ValueNet suite of products. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

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Title Inspection Lending Closing 397

Housing Wire

AUGUST 21, 2024

Now, people make mistakes, sometimes things happen, but you are looking for them to be as close to flawless in their delivery and execution of what they do as possible. The owner of the company said to me, “Well, you know, Debbie, when it comes time to do the termite inspection, you get in the way. I do the inspection.

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Inspection Agents As-is Industrial 447

Housing Wire

JULY 18, 2024

.” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. Investors can partner with a real estate agent , mortgage broker or turnkey provider to locate a property of their choice. .”

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Finance Investor Banks Residential 444

Housing Wire

JULY 10, 2024

While Northwest Ohio ’s housing market has remained fairly strong in recent months, local real estate agents say things become a bit more complicated when you segment the market by price point. Agents attribute the varying market conditions to the current interest rate environment. and are spending a median of 56 days on the market.

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FHA loan Inspection Agents Marketing 434

Housing Wire

OCTOBER 10, 2024

By most standards, I’ve had a highly successful career in real estate — as a Keller Williams Mega Agent, Broker-Owner, and bestselling author. For the past 14 years, I’ve had the privilege of coaching some of the nation’s top-producing real estate agents. Now, the buyer wanted the agent to pay for the repairs. Shine your light!’

Inspection 448

Inspection Agents As-is Industrial 448

Housing Wire

JULY 22, 2024

Brooklee Han: Right now in the real estate industry, we are seeing a tremendous amount of adoption of artificial intelligence at a time when we are also seeing many parties questioning the value of a real estate agent. Back then, we never thought about the property inspection. Now, agents are responsible for so much.

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Industrial Technology VA loan FHA loan 457

Housing Wire

FEBRUARY 1, 2023

Starting February 1, UWM’s one-time close construction loans will be available on eligible 15- and 30-year fixed conventional loans and 7- and 10-year adjustable-rate mortgages (ARMs), the firm said Wednesday. This type of loan only has one set of closing costs to pay, reducing the borrower’s overall fees.

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Construction Loans Loan Officer New Construction 418

Housing Wire

SEPTEMBER 30, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. This is sick, and I want it to end,” said Sharon Aubuchon, a RE/MAX Premier Realty agent in Prairie Village, Kansas a suburb of Kansas City. “It Kansas City, Missouri.

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Marketing Loan Officer Closing costs Inspection 370

Housing Wire

DECEMBER 8, 2020

Residential real estate marketplace Sundae has announced it closed $36 million in Series B funding on Tuesday, led by QED Investors and with additional participation from Founders Fund , Susa Ventures , Navitas Capital , Prudence Holdings and General Global Capital. million in Series A funding this June. “Our

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Investor Closing costs Inspection Closing 397

Housing Wire

JUNE 30, 2021

ServiceLink, which is backed by Fidelity National Financial, meets the unique needs of wholesale lenders by providing title insurance, appraisals, flood certificates and closing services. Our EXOS Title technology offers accelerated title decisioning and a definitive clear-to-close timeline in seconds.

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Closing Title Lending Inspection 203

Housing Wire

JUNE 24, 2021

If a homebuyer can’t close on their mortgage in time to buy the home they want, instead of losing out on the house, Accept.inc will buy the property with its own funds and reserve the home on their behalf. If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close.

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Equity Proof of funds Pre-approval Investor 417

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. Something has to give.

Inspection 435

Inspection Technology Loans Mortgages 435

Housing Wire

JANUARY 4, 2023

This was going on pre-pandemic, but during the pandemic people were waiving their inspections, or were buying homes sight unseen. So that’s one of the things that we teach not only our members, but their customers and real estate agents. First-time homebuyers are susceptible because this process is very complicated.

Title 545

Title Inspection Land Industrial 545

Housing Wire

SEPTEMBER 17, 2024

For agents in New Hampshire , this week marks two months since PrimeMLS , the state’s multiple listing service , implemented the business practice changes outlined in the National Association of Realtors’ nationwide commission lawsuit settlement agreement. It is a seller decision, not an agent decision.”

Purchase and sale agreement 448

Purchase and sale agreement Agents MLS Inspection 448

Housing Wire

OCTOBER 28, 2021

million in cash and $10 million of Porch’s common stock at closing, according to a press release. In 2021, Floify’s software, which streamlines the loan origination process by allowing document sharing, and communication between LOs and real estate agents, has helped over 77,000 mortgage applications close each month, according to Porch.

Mortgages 418

Mortgages Loan Officer Loans Investor 418

Housing Wire

FEBRUARY 21, 2023

Lenders who are modernizing across the entire scope of the origination journey — digitizing processes from application and title through close and post-close — are building unprecedented momentum for their businesses. Closing – Automation speeds the generation of closing documents and reduces errors in post-close review.

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Pre-approval Technology Title Loans 370

Housing Wire

JULY 8, 2024

As a broker and real estate coach, I’m always surprised when new agents tell me they don’t want to use real estate scripts. These sellers were on the market with another agent before and could not sell. Usually, they’re inundated with agents calling them for the first few days after their listing expires.

Agents 435

Agents Closing Brokerage As-is 435

Housing Wire

APRIL 25, 2024

When the meeting concluded, DeRoussel quickly reached out to the seller’s agent to see if her client could get in for a tour, but it was too late. “I I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We We couldn’t even see it.

Marketing 459

Marketing Investor Agents Inspection 459

Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. It is an essential tool that allows agents to clearly communicate a pricing benchmark for a property. It’s imperative that agents invest their time to properly prepare comps!

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Marketing Agents Closing Renovation 435

Housing Wire

OCTOBER 29, 2021

Today, borrowers expect to close fast. A small issue within the title process can have an impact on the length of the closing process, impacting mortgage lenders and borrowers. The tools enabling work-from-home and remote closings were not only readily available, but efficient and accessible.

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Title Title search Equity Inspection 301

Housing Wire

JUNE 2, 2022

IPEN allows a signer and notary signing agent in the same location to apply the signer’s electronic signatures to digital documents. The notary signing agent is then allowed to eNotarize the documents without any paper involved. EscrowTab’s solution is designed to work as close to paper as possible, except better.

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Title Technology Loans Closing 418

Housing Wire

FEBRUARY 10, 2021

Are borrower-assisted inspections here to stay? “This will allow us to issue the closing documents sooner and complete loan closings faster,” Roy said. “By to two loan files per day. . By having a centralized appraisal review process in place, we have been able to reduce the underwriting time on each loan.

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Loans Inspection Mortgages Equity 397

Realty Biz

DECEMBER 5, 2022

One of the most vital phases of buying a house is having it inspected. Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. It has led to home inspections coming back in vogue again.

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