Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. Its parent Rocket Companies rode the wave to a stunning $9.4

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Loan Officer Purchase and sale agreement Loans Mortgages 370

Housing Wire

JULY 25, 2023

The uptick in home sales during the second quarter of 2023 helped Anywhere Real Estate get back in the black. Anywhere, world’s largest franchisor of residential real estate brands and formerly known as “Realogy,” attributed this drop to a steep drop in home sale transaction volume. “We

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Purchase and sale agreement Title Brokerage Branding 363

Housing Wire

JULY 13, 2021

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. billion in mortgages last year. Guaranteed Rate’s $73.9

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Purchase and sale agreement Brokerage Loan Officer Residential 305

Housing Wire

NOVEMBER 15, 2023

We’ve explored how mortgage LOs might be affected , how MLSs might evolve in a world without cooperative compensation and assessed NAR’s ability to fight the verdict. It won’t help my brand if I hold the line. Said another: “Buyers agents should earn additional commission for a lower purchase price. Not the consumer.” “The

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Purchase and sale agreement MLS Agents FHA loan 467

HomeLight

JUNE 19, 2023

Basically, a rent-to-own real estate purchase means that you can live in the house as a renter with the intent to close on the home at a date in the future. Lease purchase: This type of contract requires the buyer to purchase the property at the end of the contract term. Purchase price: The price you will pay to own the home.

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Purchase and sale agreement Debt-to-income ratio Due diligence Inspection 105

HomeLight

JUNE 13, 2022

You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought. You need to build your work history.

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Purchase and sale agreement Loans Inspection Closing costs 116

Redfin

JANUARY 28, 2025

When it comes to buying a home, most buyers are familiar with securing a brand-new mortgage. Assumable mortgages offer a unique alternative, allowing buyers to take over the sellers existing loan – potentially locking in a lower interest rate and saving money over time. What is an assumable mortgage?

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Loans Mortgages VA loan Purchase and sale agreement 31

HomeLight

DECEMBER 31, 2020

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

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Closing Backup offer Sales Inspection 105

RIS Media

SEPTEMBER 29, 2020

Chicago-based @properties announced that it is launching a national franchise brand to offer broker/owners and agents access to the firm’s technology, marketing, training and business-development systems that have made it one of the top 10 brokerage firms in the country as an independent. 1 seller of new construction).

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Purchase and sale agreement Brokerage Branding Technology 105

The Close

AUGUST 9, 2022

Download Your Free Branding Guide. The benefit of a 1031 exchange is that it defers the taxes that would normally be paid on the capital gains from the sale of a property. The proceeds from the sale may not be received by the seller. They want to sell their Denver property and purchase two duplexes in Chattanooga, Tennessee.

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Purchase and sale agreement Principal Investor Title 105

HomeLight

DECEMBER 30, 2021

Your agreement with a buyer’s agent may be one of the first legal documents you’ll encounter when buying a home. Dobbs works in Illinois, where buyer representation agreements are not common. This is why it’s so important to have a thorough home inspection conducted during the due diligence period of your purchase agreement.

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Purchase and sale agreement Title Closing costs Seller disclosure 98

First Team Real Estate

DECEMBER 7, 2020

Here’s how to review details in a tidy, orderly manner so you can make sense of your home sale. Aside from price, there are a number of other elements sellers must think about– and as your official guide in the home sale process , we’re here to help paint the whole picture, not simply part of it.

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Purchase and sale agreement Pre-approval Title Backup offer 98

HomeLight

JANUARY 28, 2022

We buy houses” companies are flippers who purchase properties “as is” for cash and renovate them, generating a profit at resale. We buy houses” operations are cash buyers or house buying companies that purchase homes directly from homeowners. Need a quick sale? But no one wants to be taken advantage of, conned, or ripped off. “We

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Purchase and sale agreement Investor Agents Sales 111

RIS Media

APRIL 15, 2021

In real estate’s latest power move to claim the industry’s data and convert it into an all-in-one service, CoStar has reached an agreement to acquire home-search portal Homes.com for $156M in cash. agents and brokers in the home-sale process, receiving approximately 5 million visits each month and hosting nearly 1.8

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Purchase and sale agreement Residential Brokerage Technology 122

HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Average home sale price in Florida: $530,419 (Jan 2022).

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Purchase and sale agreement Inspection Title Inspection contingency 111

HomeLight

SEPTEMBER 11, 2020

The seller will either accept your offer (in which case it becomes your purchase agreement ), or will counter your offer (you can accept or counter again), or the seller could also flatly decline. Get preapproved for a mortgage. No sales contingency? The first step is to clarify your budget and establish your limit.

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Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 98

Realty Biz

MARCH 21, 2022

After all, he does want to see the sale close with a minimum of fuss. That would be to identify any issues that could prevent your lender from approving the mortgage or your insurance company from issuing a homeowner’s policy. Every house, even a brand-new house, has a few minor defects. Negotiate a new price. Negotiate repairs.

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Inspection Purchase and sale agreement Sales Closing 83

HomeLight

JULY 7, 2022

Most real estate agreements require that a house is in the same condition as when the buyer viewed it when they take possession, so if an appliance or mechanical system breaks down after you’ve signed a purchase agreement , you’ll have to repair or replace it. When the home sale closes, the warranty is transferred to the buyer.

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Purchase and sale agreement Sales Agents Closing 111

HomeLight

OCTOBER 30, 2020

A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. Not always! Here’s what you need to know.

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Closing Inspection contingency Title search Purchase and sale agreement 116

Realty Biz

JANUARY 29, 2021

As a first time home buyer 2021 understanding the what is currently going on in the market is the first step in successfully purchasing your first home. There are more buyers entering the market than there are homes for sale. The best of homes go under agreement in 3-7 days. You are not usually buying a brand-new home.

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Marketing Purchase and sale agreement Inspection Pre-approval 116

HomeLight

MAY 24, 2021

Home sales have skyrocketed, and home inventory is historically low. Get preapproved for a mortgage. Ask your agent specifically about list-to-sales-price for those comps — how much the house was listed for and how much it actually sold for in the end. Shop under your maximum comfortable mortgage amount. Not so fast.

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Pre-qualification Pre-approval Purchase and sale agreement Loans 111

RIS Media

OCTOBER 4, 2020

HomeSmart International continues to lead tech evolution in real estate with its brand-new RealSmart Client product. RealSmart Client also integrates with mortgage and escrow partners, giving buyers and sellers access to up-to-date information on the entire transaction process in one place. Take HomeSmart agents for example.

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Brokerage Technology Purchase and sale agreement Branding 116

Marco Santarelli

AUGUST 17, 2020

® offers a comprehensive list of for-sale properties, as well as the information and tools to make informed real estate decisions. For example, it provides a quick snapshot of local markets like the median sale price and average price per square foot so you can estimate what a house is worth on the market in good condition. Realtor.com®

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Purchase and sale agreement Land Investor MLS 115

GeekEstate

OCTOBER 16, 2020

Opendoor has ambitious plans to reach nearly 38,000 annual home sales and $10 billion in revenue by 2023. The company sold nearly 19,000 homes in 2019 (about 70 transactions per business day) and purchased thousands more. This allows the company to scale home purchase volume without tapping its own balance sheet.

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Purchase and sale agreement Title Investor Brokerage 90

HomeLight

JULY 6, 2022

In 2021, 32 percent of all home purchases were made with cash. If you need to sell your home in a matter of days, not months, HomeLight can provide you with an all-cash offer through our online Simple Sale platform. It’s quick, easy, and can reduce the stress of a home sale. And for buyers? Request Offer.

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Purchase and sale agreement Agents Finance Inspection 110

The Close

JANUARY 22, 2024

December’s existing home sales slipped slightly (1%) after a few months of being up, but no one is still predicting a housing market crash and the end of civilization. Those who made it through this year will sit around the bar at conferences, regaling fresh young agents with stories of 8% mortgage rates and virtually zero inventory.

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Marketing Purchase and sale agreement Agents New Construction 98

HomeLight

JULY 25, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Texas. As is” is a type of home sale where it’s understood that no improvements will be made to the property. And, of course, read the buying agreement carefully before signing.

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As-is Purchase and sale agreement Inspection Investor 111

Easy Agent Pro

JANUARY 13, 2023

Targeting this demographic involves familiarizing yourself with the mortgage process as well as fees, legalities, and interest rates for first-time homeowners. Finding out why a client is purchasing a home is an important foundation to start your relationship. Sales numbers speak volumes to sellers as well. This includes: .

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Marketing Purchase and sale agreement Agents VA loan 119

The Close

SEPTEMBER 2, 2020

14 What is mortgage insurance? 17 What is the home sale process? 21 How do you buy a brand-new home? 32 Are all mortgage company interest rates the same? 33 Should I do a 15- or 30-year mortgage? 37 How does an agent come up with the sales price? 52 How long should a listing agreement last?

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Purchase and sale agreement Renovation Pre-approval VA loan 124

HomeLight

APRIL 29, 2022

“Some people have a lot more time and energy to engage and make the best of the sale, and some people don’t,” says George Graham , a top real estate agent in the Seattle, Washington, area. An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds.

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As-is Purchase and sale agreement Investor Inspection 95

The Close

AUGUST 18, 2022

I believe my Luxury Home Marketing Program can generate more exposure and more excitement for your home than any other agent could achieve for you, leading to a top-dollar sale of your home. No hard sales pitches. It may mean a major difference in the results you get! This could be you: Talk is cheap, I know. It can be pretty annoying.

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Purchase and sale agreement Title Closing Short sale 98

Real Trends

MAY 26, 2023

Create a business plan to document your estimated startup expenses and create realistic short- and long-term goals for sales and marketing. Grow your network The more people you know in real estate, the more sales you can make. Build your brand Building a personal brand is critical in a competitive real estate market.

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Agents Purchase and sale agreement Branding Brokerage 64

HomeLight

FEBRUARY 27, 2023

But when it’s an estate sale, emotions can run even higher. He is the broker and owner of Proof Real Estate in San Francisco, California where he specializes in estate sales. On today’s episode, we’re gonna talk about Craig’s five-step formula for estate sale listing success.

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Sales Staging Purchase and sale agreement Inspection 81

HomeLight

FEBRUARY 8, 2023

Maybe you need a no-hassle sale of an inherited home in sore need of repairs, or you need cash urgently for unexpected medical bills. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price.

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Purchase and sale agreement Closing costs Closing Sales 101

HomeLight

JANUARY 19, 2023

Perhaps you’re behind on mortgage payments and need to sell before the bank forecloses. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract.

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Purchase and sale agreement Closing costs Closing Sales 97

HomeLight

FEBRUARY 16, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin.

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Purchase and sale agreement Closing costs Closing Investor 98

HomeLight

JANUARY 6, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. We Buy Houses companies in Fort Myers typically promise to give home sellers quick, convenient all-cash offers, and exceptionally speedy closings, often wrapping up the property sale in as few as seven days.

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Purchase and sale agreement Closing costs Closing Sales 97