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. When you apply for a mortgage, an unbiased appraisal (which is required by the lender) is the best way to confirm the value of the home based on the sale price. Home Inspection.

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Inspection Lending Banks Mortgages 343

Housing Wire

JANUARY 14, 2022

In November, Rochester’s median home sales price was $154,838, according to Redfin , less than half of the national median that month of $335,519. The market last year was unprecedented,” said Mark Siwiec, a Keller Williams agent in Brighton, a town just southeast of Rochester. “It That median sales price is up 3.8%

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Agents Inspection Marketing Equity 448

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.”

Inspection contingency 545

Inspection contingency Inspection Sales Mortgages 545

Housing Wire

OCTOBER 10, 2023

The “same old listing presentation” and tired marketing tactics aren’t cutting it for agents looking to win listings in today’s competitive and tight market. Now more than ever, sellers expect an agent who will confidently create a plan to get them top dollar for their home.

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Agents Renovation Inspection Construction 482

Housing Wire

MAY 21, 2024

For many, buying a home is a complex process, and navigating the real estate market’s rules and regulations can be tricky, especially in states where property sale prices remain a secret. Some states are “limited disclosure,” meaning sales information may be submitted to the local assessor but not made available to the public.

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MLS Inspection Development Sales 487

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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Agents Marketing Inspection Mortgages 501

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

JULY 22, 2024

Watch any of the glamorous pseudo-reality real estate shows on TV, and you might be tempted to become a part-time real estate agent. Most of the agents you see on TV wearing $1500 outfits work 80+ hours per week. Most of the agents in my office worked equally long hours. Most of the agents in my office worked equally long hours.

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Agents Brokerage As-is Industrial 448

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? trillion to $7.9

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Agents Technology Development Industrial 370

Keeping Current Matters

SEPTEMBER 29, 2021

If you’re looking to maximize your sale and minimize your effort, you need to work with a real estate professional. In a sellers’ market like today’s, it can be tempting to list your house on your own – known as For Sale By Owner (FSBO). First impressions are everything – and an agent knows how to make a great one.

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Agents Sales Inspection As-is 335

Housing Wire

FEBRUARY 26, 2024

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. In Jacksonville, the median condo price declined roughly 7% year over year in January, sales declined 27% and new listings increased 32%.

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Inspection Renovation Development Sales 501

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

Keeping Current Matters

JUNE 28, 2021

Selling a house is a time-consuming process – especially if you decide to do it on your own, known as a For Sale By Owner (FSBO). While it may sound simple, there are a lot of proven best practices to consider when prepping a house for sale. Contrary to popular belief, FSBOs may actually net less profit than sellers who use an agent.

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Agents Inspection Sales As-is 317

Keeping Current Matters

OCTOBER 12, 2020

If you’re considering selling on your own, known in the industry as a For Sale by Owner (FSBO) , it’s critical to consider the following: 1. Most real estate agents have developed a strong Internet and social media strategy to promote the sale of your house. You Net More Money When Using an Agent. Bottom Line.

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Agents MLS Inspection Mortgages 337

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. According to Redfin, the average real estate commission is 5%–6% of the home’s sale price.

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Seller concession Staging Closing costs Inspection 546

Housing Wire

JUNE 22, 2021

These are the words real estate agents use when asked to describe the current state of the market and what it’s like to buy a home today. Redfin reported earlier this month that the national median home-sale price hit a record high of $377,200 in May, up a record 26% year over year. Lack of inventory. Should they give up?

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Marketing Inspection Agents 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. Although you can sell your home for whatever price you like, a controlled sale may incur certain tax liabilities for both parties. Put everything in writing.

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Purchase and sale agreement Finance Closing costs Closing 459

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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Inspection Investor Closing Agents 435

Housing Wire

OCTOBER 27, 2020

They mean a longer sales process, potential repair costs, and maybe even a lost deal altogether. If you’re facing a deal with contingencies, always talk to your agent about what it means for your home purchase, as well as your budget. A contingent offer means that you plan to buy the home — but only if certain conditions are met first.

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Marketing Rent back Inspection Loans 468

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. Friction slows down sales While sellers have maintained the status quo, realtors have had to adapt quickly. Many who rarely answer phones are responding to calls, texts, and emails.

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Industrial Agents Inspection As-is 476

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.

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Purchase and sale agreement Inspection contingency Inspection Title 435

Housing Wire

JULY 23, 2024

Buyers are getting more and more selective,” Redfin agent Julie Zubiate said in a statement. Buyers often back out during the inspection period because they find something they don’t like, but affordability is really the underlying issue. In March 2020 — the first month of the COVID-19 pandemic — buyers backed out of 16.6%

Inspection 459

Inspection Mortgages Agents Marketing 459

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 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 432

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.”

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Purchase and sale agreement Agents MLS Inspection 448

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. As overall home sales decline on a national level, signing listings is more difficult than ever for agents of all experience levels.

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Purchase and sale agreement Agents As-is Inspection 468

Keeping Current Matters

SEPTEMBER 15, 2021

Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. Speed and the pace of sales are contributing factors to today’s competitive housing market. Agents are experts in the local real estate market. Your agent can help you understand: The market value of the home.

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Inspection contingency Pre-approval Inspection Agents 330

Housing Wire

APRIL 25, 2024

Monika DeRoussel was in a meeting, away from her phone and email, when a client messaged her that a property in their price range and desired neighborhood had a for-sale sign in the yard. 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

Marketing 459

Marketing Investor Agents Inspection 459

Housing Wire

APRIL 22, 2024

Access to a hyper-local agent is more important now than ever. You can absolutely send this type of mailer to homeowners around a recently sold property that someone else sold — but make sure you adjust the language and ensure it’s clear you were not the listing agent. I recommend getting permission from the listing agent first.

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Brokerage Investor Agents Pre-approval 462

Housing Wire

MAY 11, 2021

Unfortunately, the ability to obtain information on individual property data about these two factors is hard to come by, short of an interior physical inspection. By the GSE definition, a C5 is a home in need of some significant repairs — and from the comment, it appears the agent hinted so when the property was listed for sale. .

MLS 397

MLS Inspection Renovation Residential 397

Housing Wire

JULY 18, 2024

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. trillion in existing-home sales, NAR reported. residential real estate is low.

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Finance Investor Banks Residential 440

Keeping Current Matters

JUNE 21, 2021

According to the Realtors Confidence Index from the National Association of Realtors (NAR), the average home is on the market for just 17 days – that means from start to finish, a house for sale in today’s climate is active for roughly 2.5 A skilled agent will do everything they can to help you stay on top of every possible opportunity.

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Inspection contingency Pre-approval Inspection Rent back 334

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. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”.

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Marketing Option period Lending Loan Officer 535

HomeLight

DECEMBER 20, 2023

Undergoing the home inspection process can be daunting for any home sale. As a homeowner ready to sell, you may feel confident about your home’s condition, but the scrutiny of a professional home inspection can bring about unexpected surprises. Find Agent 1. What’s the purpose of the home inspection?

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Inspection Sales Agents As-is 116

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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Inspection Earnest money deposit Purchase and sale agreement Inspection contingency 138

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

Keeping Current Matters

NOVEMBER 30, 2020

Listen to Your Real Estate Agent. 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. Be a Flexible Negotiator.

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Inspection contingency Pre-approval Inspection Staging 346