Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? Appraisals are required for homes financed with any type of mortgage. Getting approved for a mortgage depends largely on the outcome of an appraisal. Mortgage lenders want to make sure the property is worth the sale price.

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Keeping Current Matters

JANUARY 26, 2021

It’s also a different step in the process from a home inspection , which assesses the condition of the home before you finalize the transaction. For the typical home purchase transaction, the lender usually orders the appraisal to assist in the lender’s decision to provide funds for a mortgage.”. Home Inspection. Home Appraisal.

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Housing Wire

MAY 20, 2024

which includes numerous updates to its guidance for the Home Equity Conversion Mortgage (HECM) program overseen by the Federal Housing Administration (FHA). This explains that damage inspections may be completed by “any FHA Roster Appraiser in good standing with geographic competence in the affected market.”

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Housing Wire

OCTOBER 1, 2020

Realtor.com and Rocket Mortgage , two of the biggest companies in the digital real estate space, have formed a key advertising partnership that their competitors are sure to notice. We send them a link to get digitally preapproved through Rocket Mortgage, and we alert the agent that they’re going through this flow.

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Housing Wire

SEPTEMBER 9, 2020

and I counseled my client to bid accordingly, waive his mortgage contingency, then we bid $1.45 ” 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.

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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

JANUARY 14, 2022

The market last year was unprecedented,” said Mark Siwiec, a Keller Williams agent in Brighton, a town just southeast of Rochester. “It in November, per Redfin, suggesting listing agents perhaps underestimated continued market demand. It left us breathless. In addition, the sale-to-list price ratio was 106.3%

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Agents Inspection Marketing Equity 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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Housing Wire

DECEMBER 6, 2024

Real estate agents often make the mistake of believing their clients will remember them forever but they dont. Its up to us as agents to stay engaged and stay in contact with our clients. Content: Agents can include any combination of data and information. When you buy through our links, we may earn a commission.

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Housing Wire

OCTOBER 5, 2021

This is slightly higher than the number of buyers who reported purchasing a home without a mortgage (68%). One such way a buyer could make their offer more appealing is by waiving an inspection. Overall, sellers were typically white (72%) and selling in suburban areas (51%) in the South (41%).

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Inspection Finance As-is Mortgages 545

Housing Wire

SEPTEMBER 5, 2024

mortgage market in 2023, up from 14.3% Because FHA accepts lower credit scores , higher debt-to-income ratios and lower down payments than most conventional mortgages, first-time buyers have relied on them due to the ongoing affordability challenges in today’s housing market from elevated prices and mortgage rates. of the U.S.

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FHA loan Debt-to-income ratio Inspection Finance 476

Housing Wire

OCTOBER 28, 2021

The firm announced Wednesday that it has acquired Denver-based digital mortgage automation and point-of-sales software company Floify. The post Porch acquires mortgage software firm Floify for $90M appeared first on HousingWire. The acquisition cost Porch about $76.5 The acquisition cost Porch about $76.5 as of late Thursday morning.

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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%.

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Agents Seller concession Closing costs Mortgages 435

Housing Wire

SEPTEMBER 22, 2023

But with rising mortgage costs and high interest rates , refinancing doesn’t always make the most sense. The AAR consists of an onsite property inspection completed by a local and licensed real estate agent or broker. Borrowers everywhere are seeking new ways to tap into their home equity.

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Housing Wire

JULY 23, 2024

Record-high home prices and elevated mortgage rates are prompting buyers to back out of home purchase agreements at elevated levels. Buyers are getting more and more selective,” Redfin agent Julie Zubiate said in a statement. In spite of rapidly rising inventory, high prices and mortgage rates are still keeping buyers at bay.

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Inspection Mortgages Agents Marketing 459

Housing Wire

JUNE 10, 2021

5 reasons to refinance your mortgage right now. 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. How much house can you afford to buy?

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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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Sales Purchase and sale agreement Title Inspection 501

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 Won’t Know if Your Purchaser Is Qualified for a Mortgage.

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Agents MLS Inspection Mortgages 330

BAM Media

DECEMBER 2, 2024

” It’s the time when some agents ease off the gas, while others push full throttle, setting themselves up for a strong finish to 2024 and a head start in 2025. Your Nice List can include agents who leave out water bottles at opens, friends who refer you to clients, and clients who actually know what they are looking for.

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Agents Inspection Title Days on market 105

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.

FHA loan 434

FHA loan Inspection Agents Marketing 434

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.

Inspection 435

Inspection Technology Loans Mortgages 435

Housing Wire

JANUARY 13, 2021

United Wholesale Mortgage ( UWM ) unveiled a new policy this week, telling brokers that appraisals will be completed within 10 business days or they’ll refund 50% of the appraisal cost back to the customer. It’s also offering ultra-low rate mortgages on FHA loans. Are borrower-assisted inspections here to stay?

FHA loan 470

FHA loan Inspection Loans Mortgages 470

Housing Wire

JULY 18, 2024

real estate with a fast, digital mortgage process. Investors can partner with a real estate agent , mortgage broker or turnkey provider to locate a property of their choice. Closing tasks such as appraisal , inspection, title insurance and homeowners insurance are done remotely. Miami -based startup Waltz Inc.

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Finance Investor Banks Residential 448

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

AUGUST 21, 2024

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. I will arrange the inspection. I’ll go do the inspection. I’ll go do the inspection. You call the client, then you call me to arrange it.

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Inspection Agents As-is Industrial 448

Housing Wire

APRIL 8, 2021

Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process. While a home inspection is a valuable way to get to know your new potential home, it can also be used as a negotiation tool.

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Pre-approval Inspection Lending Staging 468

Housing Wire

OCTOBER 27, 2020

These contingencies are all designed to protect you as a borrower — to make sure you’re getting a safe and habitable property, that you have the funds to pay for it, and that you’re not stuck paying two mortgage payments at once. But they’re also an extra hassle for sellers. The bottom line. Accepting a seller’s contingencies?

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Marketing Rent back Inspection Loans 468

Housing Wire

FEBRUARY 1, 2023

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. The loan will cover an 11-month maximum build period with a one-month modification.

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Construction Loans Loan Officer New Construction 418

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 458

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. Does your buyer need to secure a mortgage ? Finally, get a professional appraisal, which will be required by a lender if your family member needs a mortgage.

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Purchase and sale agreement Finance Closing costs Closing 459

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

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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Pre-approval Agents Debt-to-income ratio Inspection 97

Housing Wire

MARCH 10, 2023

” The participating firms, which will collect appraisal data and put it through Fannie Mae’s API, include the biggest name in the mortgage tech space: Solidifi, Class Valuation , Clear Capital , Mueller Services, Inc. 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

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.

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Inspection Agents As-is Industrial 448

Housing Wire

FEBRUARY 10, 2021

Lender Sierra Pacific Mortgage (SPM) announced Wednesday it will use CoreLogic’s collateral valuation platform in order to streamline future home appraisals. Sierra Pacific Mortgage, a California-based nationwide direct lender licensed in 49 states, has been searching for ways to increase underwriter productivity since 2018.

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Loans Inspection Mortgages Equity 397

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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Marketing Investor Agents Inspection 459

Housing Wire

JUNE 24, 2021

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. 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.

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Equity Proof of funds Pre-approval Investor 418