Housing Wire

SEPTEMBER 9, 2024

The new rules mandated by the National Association of Realtors’ (NAR) antitrust settlement are designed to encourage more negotiations for buyer agent commissions. That’s according to Redfin , which interviewed dozens of its agents about what they’re seeing on the ground in regard to buyer commission conversations.

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Housing Wire

OCTOBER 5, 2021

Most sellers (74%) received at least one offer on their property that was all cash or did not include a financing contingency. This discrepancy suggests that buyers who need financing can still compete with cash offers, as long as their offer is appealing in other ways.

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Housing Wire

SEPTEMBER 5, 2024

The report calls on more states and cities to pass “source of income” or “source of financing” anti-discrimination statutes and enforce them to protect homebuyers. The CFA also called on real estate associations to better educate agents on sources of financing discrimination and how to successfully work with FHA buyers.

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Housing Wire

SEPTEMBER 9, 2020

” With the suburbs seeing record volume , agents and brokers like Harrison, who runs Compass’ operations in Westchester alongside her husband Zach, are counseling their clients on how to prevail in a fierce bidding war. Vickie Mox, an agent with RE/MAX Dallas Suburbs , covers the Collin County area, north of Dallas.

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Housing Wire

MARCH 22, 2021

And waiving the financing contingency is the second-most effective bidding-war strategy, Redfin officials said – improving homebuyers’ odds of winning by 66%. It’s important for buyers to sweeten their offer in any way they realistically can,” said Rachel Wilson, a Redfin agent in Spokane, WA.

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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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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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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. Discuss financing. Contingencies in the agreement protect both parties if problems arise during the appraisal, inspection, or financing stages of the transaction.

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Housing Wire

OCTOBER 1, 2020

. “Clients don’t think of buying a home as multiple things, they don’t think, ‘Well I’ve got to get a mortgage, I’ve got to get title, I’ve got to get an appraisal, I’ve got to find a real estate agent, I’ve got to get an inspection,'” said Farner.

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Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Real estate agents and lenders are working together to try to get buyers into houses. In fact, Austin has just about 1.2 months of supply, and has seen a 19.7%

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Housing Wire

JANUARY 13, 2021

Are borrower-assisted inspections here to stay? The Federal Housing Finance Agency is currently considering implementing hybrid appraisals that enlist a third-party – typically an appraiser trainee, home inspector or real estate agent – to collect the data for a lender and certified appraiser once past the automated underwriting system.

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Housing Wire

JUNE 21, 2022

Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses. Instead, we prefer a “certified” pre-owned car that has gone through a multi-point inspection with all of the preventative maintenance up to date. Here’s one data point for you.

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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. Think of the savings.

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Inspection Technology Loans Mortgages 435

Housing Wire

MARCH 7, 2022

It also gives real estate agents ideas. Absolutely, I will offer an NFT option to sellers within the next year,” said Richard Hopen, a Compass agent in Short Hills, New Jersey. NFTs in real estate are, for the moment, a grossly impractical novelty act that, publicity aside, offer tenuous benefits to agents.

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Housing Wire

MAY 22, 2024

From waiving inspections and financing contingencies, to free leasebacks and uncapped escalation clauses, real estate agents say that buyers in Rhode Island are willing to do almost anything to get into a house right now. “It Agents in Providence noted that they are seeing a lot of buyers coming in from Boston.

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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.

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Lighter Side of Real Estate

MARCH 11, 2025

If you wait until the market is already in full swing, you may struggle to secure the right real estate agent, miss out on great homes, or find yourself caught in a frenzy of competing buyers. Thats why its a good idea to get the ball rolling with your real estate agent before the spring market kicks off.

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Housing Wire

DECEMBER 8, 2020

Since our Series A financing earlier this year, Sundae’s marketplace has seen record growth,” Josh Stech, Sundae cofounder and CEO said in a statement. If the seller accepts the offer and an inspection is completed, Sundae offers a $10,000 cash advance prior to closing to help homeowners with moving costs and other expenses.

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Investor Closing costs Inspection Closing 397

Keeping Current Matters

NOVEMBER 30, 2020

Listen to Your Real Estate Agent. Understand Your Finances. As soon as you find the right home for your needs, be prepared to work with your agent to submit an offer as quickly as possible. Without an inspection contingency, you could be stuck with a contract on a house you can’t afford to fix.”. Make a Fair Offer.

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Housing Wire

AUGUST 21, 2023

Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. 497 BOSSCAT 1,175% 2018 Digitizing home inspection data to create instant repair estimates for homeowners and real estate professionals. 4,105 FirstCloseFirstclose.

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Equity Technology Investor Residential 370

Keeping Current Matters

MARCH 15, 2021

Understand Your Finances. The expertise your agent brings to this part of the process will help you stay competitive: “Your agent will work with you to make an informed offer based on the market value of the home, the condition of the home and recent home sale prices in the area.”. Bottom Line.

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Housing Wire

JUNE 28, 2024

According to local real estate agents, the region’s housing market seems to have read the same memo, as June did not bring the same market boost as many have grown accustomed to. Although pending sales are up, local agents noted that properties are taking longer to go under contract, leading to an uptick in inventory and days on market.

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Marketing Days on market Agents Inspection 397

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.

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BAM Media

MARCH 5, 2025

If the seller needs a quick close, line up financing to accommodate. Waive Inspections (With Caution) Waiving inspections is high risk, high reward. Set a Threshold for Inspection Repairs If waiving inspections isnt an option, a threshold-based inspection can be a great middle ground.

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Earnest money deposit Agents Inspection Marketing 66

Housing Wire

FEBRUARY 23, 2024

Local agents attribute at least some of the market’s hotness to the inventory situation. In recent months, however, as mortgage rates have stabilized and even come down slightly, agents like Danzey say more buyers have come to the market, adding even more pressure to the already strained inventory situation.

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Realty Biz

OCTOBER 19, 2022

The home inspection is part of the process that can lead to problems, but what does a home inspector do? The home inspection is the buyer's opportunity to get a professional opinion on the home's condition. If you are unsure about what does a home inspection cover, we take a look so that you are better informed. Others do not.

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Housing Wire

JUNE 21, 2021

The Federal Housing Finance Agency price index ranked Knoxville’s housing market seventh in the nation in home price appreciation, behind only Boise City, Idaho , the Tacoma-Lakewood metro in Washington, Phoenix , Wichita, Kansas, and Colorado Springs. .”

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BAM Media

DECEMBER 19, 2024

If you ask buyers, sellers, and agents what 2025 holds for the housing market, youll get one clear answer: Its complicated. A new report from Clever Real Estate reveals insights into buyer and seller expectations, challenges, and the ongoing role of real estate agents in navigating the market. Now, lets get into what consumers think.

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HomeLight

JANUARY 31, 2025

Your to-do list when you sell your home is already sizable by the time you arrange for a home inspection. What fixes are mandatory after a home inspection? Although 20% of buyers waived inspection contingency , you may still be obligated to resolve certain issues, depending on your states and the buyers lenders policies.

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Housing Wire

MAY 14, 2024

Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said. While agents are happy to see first-time buyers in the market, it has also resulted in more complications getting a transaction to the closing table. With a 90-day average median list price of $4.3

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Housing Wire

DECEMBER 6, 2021

This friend, “placed some of her own family photos, depicting her white family” around the house “prior to the inspection.”. In addition to HUD and a few private lawsuits, the Consumer Finance Protection Bureau also receives complaints about appraisers. Moreover, the Austin’s had a white friend pose as the property’s owner.

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Housing Wire

JUNE 18, 2021

Raj Dosaj: Whether you’re an individual looking for a new home or an institution trying to finance, lend to, or buy a large volume of homes, the pace of this housing market requires having as much information as possible, as early in the decision-making process as possible.

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BAM Media

MARCH 6, 2025

If youre a listing agent trying to bring hesitant clients off the fence, priority number one is understanding exactly what is holding your sellers back. Eight things sellers fear a home inspection could reveal: Issues with windows or doors like drafts, broken seals, etc. (18% Read on for the top 10 possible reasons. #1.

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The Close

SEPTEMBER 26, 2024

But if you’re serious about this career, a solid education from a qualified home inspection school is a must. The best home inspection schools offer flexible learning, practice tests, and real-world training without breaking the bank. The membership grants immediate access to thousands of home inspection training school courses.

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HomeLight

NOVEMBER 15, 2024

To build our easy-scan pro and con lists, we talked with Maureen Connolly , an agent with 22 years of experience in New York, and Brad Korb , a top-ranked agent in Burbank, California, with 45 years of experience. Get a home inspection: Korb suggests thinking of a rent-to-own agreement “like a long escrow period.”

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The Close

NOVEMBER 25, 2024

When looking into your finances, consider the following factors: Closing costs: These are generally 2% to 5% of the property’s sales price and include lender fees, title insurance, property insurance, and property taxes. Hard money: A hard money loan is a short loan backed by real estate rather than the buyer’s finances.

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Purchase and sale agreement Property Management Hard money loan Investor 105

The Close

NOVEMBER 7, 2024

Build a network of reliable professionals like real estate agents, contractors, and property managers. Expand your reach by partnering with real estate agents and passive investors by having them locate off-market properties. Personal savings: Using your money can be the cheapest way to finance real estate deals.

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