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reAlpha gets into the mortgage brokerage biz, acquires Be My Neighbor

Housing Wire

million in cash paid on the closing date, $1.5 Be My Neighbor will continue to operate under its brand led by co-founders Christopher Griffith, Isabel Williams and Nathan Knottingham. Publicly traded real estate software firm reAlpha Tech Corp. reAlpha agreed to pay Be My Neighbor an aggregate purchase price of up to $6 million.

Brokerage 456
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New construction vs. resale homes: How agents can guide buyers in today’s market

Housing Wire

It can be tough for a buyer to choose when faced with the allure of a brand-new build or the charm and affordability of an older home. Brand-new systems and materials usually mean homeowners are less likely to have major repair bills in the first few years of homeownership.

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Compass’s title firm runs into trouble in Washington

Housing Wire

The complaint, filed in early 2020, comes from two rival firms that claimed Modus committed various co-branding and social media violations. The state of Washington is set to revoke the license of Modus , a title and escrow service software company owned by Compass, effective April 1.

Title 459
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How top LOs plan to beat the odds in 2023

Housing Wire

Krichmar, whose $100 million-plus origination volume in 2022 consisted of 77% purchase loans, expects LOs to be working longer hours to find referral partners, trying to close loans faster than the others and diversifying their mortgage product offerings to combat an industry that shrank by more than half this year.

Loans 435
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DataDigest: iBuyers slide farther from hyped market disruption

Housing Wire

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. In November 2021, about four years after its first home sale, Zillow decided to close its iBuying division. Opendoor’s stock closed at $2.09

Marketing 448
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How to prepare a comparative market analysis (CMA) report

Housing Wire

Sellers would be able to carefully review comparable properties on the market as well as those that have successfully closed. Focus on properties that closed with reasonable terms and within a reasonable number of days on market. Your brokerage may also have a branded template available for use.

Marketing 435
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Finance of America to acquire Parkside’s wholesale biz

Housing Wire

The deal, which is expected to close in the second quarter, will boost Finance of America’s third-party origination coverage by more than 1,000 brokers with little customer overlap, the firm said in a statement.

Finance 370