Housing Wire

APRIL 26, 2021

Compass announced Monday that it has reached an agreement to buy San Francisco-based real estate transaction platform Glide , a deal that some California real estate agents may feel uneasy about. Glide, which was founded in 2017, provides tools like eSignature and the digitization of sales processing forms.

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Purchase and sale agreement Agents Brokerage MLS 397

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing.

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Equity Purchase and sale agreement Loan Officer Lending 488

Housing Wire

NOVEMBER 7, 2023

Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. “But agent commissions have never been a closing cost from a buyer perspective. Grant said.

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VA loan Agents Seller concession FHA loan 482

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. That offering, Unlock HEA Trust 2023-1, is slated to close this week.

Equity 448

Equity Purchase and sale agreement Marketing Lending 448

Housing Wire

APRIL 11, 2023

Buyers, sellers and lenders all have a stake in the sale, and title and escrow ensure that everyone’s interests are protected. They also help to prevent fraud and ensure that the sale is conducted legally and ethically. You can obtain a title through purchase, inheritance or other legal means.

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Title search Title Purchase and sale agreement Preliminary report 397

Housing Wire

AUGUST 19, 2024

The groups criticizing CFA, and by extension, DOJ, argue that uncoupling commissions will harm first-time home buyers, especially Black and Hispanic homebuyers who may have limited resources to pay down payment and closing costs.

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Purchase and sale agreement Finance Industrial Agents 459

Housing Wire

FEBRUARY 9, 2022

While the real estate industry has witnessed the introduction of a number of spectacular and innovative developments in recent years, we still (sometimes unfairly) get tagged as “old fashioned” or “conservative.” Not when one doesn’t need a wallet or even a credit card to make a purchase elsewhere.

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Industrial Purchase and sale agreement Pre-approval Banks 418

Housing Wire

FEBRUARY 16, 2022

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. A copy of the buy and sale agreement indicates that the transaction is ready to close once the funds are received.

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Purchase and sale agreement Hard money loan Investor Lending 397

Housing Wire

FEBRUARY 19, 2024

down, he was able to get close to a 30% partial claim mortgage,” Delille continued. And among those 51%, the average potential surplus was close to $54,000. On this property we bid $30,000 over the credit bid, the bank’s bid,” said Delille, recalling a foreclosure auction purchase he made in January 2023. Assuming he put 3.5%

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Equity Purchase and sale agreement Loans Mortgages 468

Toronto Realty Blog

APRIL 3, 2025

But if we’re going to have an honest discussion about the issue of developers suing pre-construction condo buyers which is only just beginning in Toronto, we truly are going to kick over the hornet’s nest because I have to ask the obvious question: Who is to blame? You have two choices: buyers or developers.

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Construction Development Purchase and sale agreement Banks 72

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 trillion agency MBS portfolio? The Feds existing $2.7

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Marketing Purchase and sale agreement Investor Banks 435

Housing Wire

MAY 26, 2023

Because the title and settlement services business is closely regulated at the local level, a title firm needs to have some kind of presence or capability within the geographic footprint it serves. Again, just hanging out a shingle — especially for commercial closings — won’t get it done. All down cycles come to an end.

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Title Marketing Purchase and sale agreement Commercial 370

Housing Wire

AUGUST 28, 2023

billion in production volume in the first half of 2023, refis accounted for $131 million and purchase loans consisted of $1.6 The lender’s gain-on-sale margin increased to 2.34% for the six months ended June 30, 2023, from 0.99% for the six months ended June 30, 2022. Better’s funded loan volume of $1.7 on August 28.

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Purchase and sale agreement Loans Banks Finance 370

Housing Wire

MAY 23, 2023

This new development is being propelled by an alleged Fannie Mae “request” that, according to industry sources, was made recently of several lenders active as buyers in M&A deals. Risk mitigation is critical right now on all levels,” Stephens added. “In

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Loans Purchase and sale agreement Due diligence Industrial 418

Housing Wire

NOVEMBER 15, 2023

Said another: “Buyers agents should earn additional commission for a lower purchase price. For 100+ years, consumers have desired that payment for real estate brokerage services be contingent upon the closing of a transaction,” one respondent said. Many respondents said they are using buyer-broker agreements.

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Purchase and sale agreement MLS Agents FHA loan 468

Housing Wire

AUGUST 1, 2023

The lender made focused efforts to target the purchase market in 2021 and set up dedicated teams to cultivate relationships with real estate agents. What is clear here is that their long-held view that when rates went up, they could simply change their focus to purchase mortgages is not holding up.

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Loan Officer Purchase and sale agreement Loans Mortgages 370

Housing Wire

DECEMBER 8, 2023

Topics include: Real estate license law, agency, contracts, real property, ownership, taxes, water law, land development and zoning, deeds and title transfer, escrow and settlement, fair housing, leases & more AZ Contract Writing Course: 6 hrs of required instruction. Deluxe: Required 90 hrs of coursework.

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HR Purchase and sale agreement Pre-approval Staging 434

Toronto Realty Blog

NOVEMBER 13, 2023

Peter tells John, “I wanted to let you know that I am going to list the condo for sale.” The property is listed for sale and ends up selling after about three weeks. Bob the Buyer is a young man who is purchasing his first home, and is excited to move into the condo in the fall.

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Purchase and sale agreement Residential Closing Pre-approval 111

The Close

NOVEMBER 7, 2024

While The Close likes to keep our articles short, this topic needs a bit more explanation, but trust us, it will be worth your while. Have a clear investment strategy and long-term goals before purchasing. Next, draft an operating agreement that outlines your company’s purpose, structure, and governance.

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Hard money loan Purchase and sale agreement Investor Due diligence 98

HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. To top it off, buyers sometimes ask sellers to pitch in for their closing costs, too — another 2% to 3% of the sales price. Typical seller closing costs.

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Closing costs Closing Seller concession Purchase and sale agreement 97

HomeLight

APRIL 14, 2023

But even though the monthly mortgage payments fit into your budget, you’re concerned about coming up with enough cash for a myriad of closing costs in addition to the down payment. Find a Buyer's Agent What are closing costs? Although the down payment is not part of your closing costs, it is typically due at the same time.

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Closing costs Closing Purchase and sale agreement Title 105

Toronto Realty Blog

NOVEMBER 14, 2024

If a property sold for $2,000,000 but there was $100,000 worth of chattels included, then we would want the historical MLS to reflect this so we can continue to accurately evaluate properties via “comparable sales.” Now, what about “artist’s renderings” of a new development? Do you see where this is going?

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MLS Purchase and sale agreement Staging Agents 98

Lighter Side of Real Estate

MARCH 5, 2025

From there, its smooth sailing to closing dayno hiccups, no surprises, no second-guessing from the buyer. Contract Cancellations Are on the Rise According to recent data , more home sales are being canceled than in previous years. In January alone, over 41,000 home-purchase agreements fell through, representing 14.3%

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Purchase and sale agreement Pre-qualification Pre-approval Inspection 78

Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? ” Or maybe these developers know something I don’t.

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Construction Sales Purchase and sale agreement Development 98

Housing Wire

APRIL 16, 2024

There are a lot of moving parts in a purchase transaction; I thought this would streamline the process, making a better experience for all parties and at the same time generate more revenue,” Read said. An originator since 1999, Read got his real estate license in 2014 and opened up his real estate brokerage in 2019.

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Loan Officer Loans Agents Mortgages 488

Marco Santarelli

APRIL 4, 2025

Refinance Rates : Similar to purchasing rates, refinance rates have also dropped, now averaging 6.49% for 30-year mortgages. Understanding Mortgage Rate Trends The reduction in mortgage rates on April 4, 2025, can be traced back to developments in the financial sector. by the end of the year.

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Mortgages Debt-to-income ratio Purchase and sale agreement Loans 73

Marco Santarelli

MARCH 18, 2025

Example: A Canadian investor who previously purchased several condos in Miami as rental properties might decide to halt future investments due to tariff-related uncertainty, potentially impacting the demand and prices in that market. Economic data on housing starts, home sales, and prices. What Homebuyers and Investors Should Do?

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Marketing Investor Purchase and sale agreement Construction 87

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer within a week and close in as little as 10 days. In this article, we explain how to find and sell to a Los Angeles area cash home buyer.

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Sales Purchase and sale agreement Inspection Due diligence 105

CT Homes

APRIL 25, 2022

When buying or selling a home, the topic of closing costs is bound to come on the horizon. It takes a village to purchase or sell a home, with several different people playing a role in the real estate transaction. Closing costs are the fees associated with the various services required to close the sale.

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Closing costs Closing Purchase and sale agreement Title 74

HomeLight

MARCH 31, 2022

Sellers may opt to hire a real estate attorney to represent their interests and some states consider licensed attorneys to be “essential” for closing. A real estate attorney may draft and review closing documents, transfer property title, resolve legal barriers, and mediate contract disputes. For-sale sign is installed in the yard.

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Purchase and sale agreement Title Inspection Agents 122

The Close

NOVEMBER 27, 2023

But, after developing some simple strategies to keep leads from slipping through the cracks—and focusing on some basic sales techniques instead of blaming my lead sources—my conversion rate skyrocketed. But we don’t reap any of the benefits until a lead becomes an actual sale. What Is Lead Conversion?

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Closing Purchase and sale agreement Agents Staging 98

The Close

SEPTEMBER 19, 2024

These negotiation strategies are vital elements of real estate transactions and often determine the success or failure of a property sale. By mastering these techniques and learning from real estate counteroffer examples, agents can ensure that buyers and sellers achieve mutually beneficial agreements.

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Purchase and sale agreement Agents Inspection Home sale contingency 97

HomeLight

SEPTEMBER 15, 2021

Even if you’re listing your home without a Realtor’s® help, you’ll still need to gather the necessary paperwork for the sale and fill it out correctly. We hope it helps illuminate this tricky part of the sale, while giving you an honest idea of just how complex real estate transactions can be! Original sale contract.

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Purchase and sale agreement Inspection Title Pre-approval 116

The Close

MARCH 13, 2025

Selling a house with tenants in place can add an extra layer of complexity to the sale of an investment property. For a smooth sale, you will want to do all you can to minimize the impact on the tenant while maximizing your profitability during the sale. Knowing the type of lease will help you determine your legal options.

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Investor Purchase and sale agreement Staging Sales 52

Toronto Realty Blog

NOVEMBER 30, 2022

The story lies within what happened after the Agreement of Purchase & Sale was signed. On the day that this sale was scheduled to close, the buyer agent called me and said, “We have a problem.” ” I asked. “Do you mean to tell me that he left this until the day of closing?”

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Purchase and sale agreement Title MLS Closing 105

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. Get Started What does rent-to-own mean?

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

HomeLight

SEPTEMBER 27, 2021

With a stellar offer in hand, you’re relieved to have the bulk of your home sale behind you. There are several steps ahead that could impact your ability to close, including the home appraisal. Unfortunately, appraisal issues aren’t so rare — especially in a hot seller’s market where bidding wars drive up sale prices.

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Purchase and sale agreement Inspection Residential Loans 141