Housing Wire

MARCH 27, 2023

The North Carolina-based First Citizens announced on Monday an agreement with the Federal Deposit Insurance Corporation (FDIC) to acquire all of SVB’s deposits and loans that were moved to an FDIC-created bridge bank after the collapse. “We of the production was conventional loans and 49% consisted of purchase loans.

Banks 73

Banks Purchase and sale agreement Loan Officer Loans 73

Housing Wire

APRIL 29, 2022

Connecticut-based mortgage servicer and lender Planet Home Lending has entered into an agreement to acquire assets from Homepoint ‘s delegated correspondent channel for $2.5 Homepoint was the 11th biggest residential mortgage lender in the country last year, originating $96 billion in residential mortgages, up 55.2%

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Lending Purchase and sale agreement Residential Finance 348

Housing Wire

AUGUST 26, 2024

Mike Roberts is about to make his first early payoff (EPO) penalty in two years after finding out that one of his clients refinanced a $355,000 loan with a 7.25% rate that Roberts closed in April. Another strategy is to price significant hits into any purchase by an investor with an EPO period longer than the agencies.

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Purchase and sale agreement Investor Loans VA loan 386

Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If They will have to get on that listing side of things, which will be much harder as it is an earlier point of sale, as no one has even looked at buying the house yet.”

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Title Industrial Purchase and sale agreement Agents 398

Housing Wire

NOVEMBER 1, 2024

Though most commonly thought of for residential deals, real estate agents can also help people buy, sell or rent commercial properties, land and more. An agent may also be present at closings to review closing documents and help guide their client through the final steps. How do real estate agents get paid?

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Agents Brokerage Purchase and sale agreement Commercial 440

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. Guaranteed Rate Affinity originated $13.4

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Purchase and sale agreement Brokerage Loan Officer Mortgages 303

Housing Wire

FEBRUARY 3, 2022

Incenter Mortgage Advisors was flooded with a surge of mortgage-servicing rights business in January — with bulk MSR sales approaching in one month what the firm normally tallies in an entire year. On average, historically, we’d be selling $100 billion to $125 billion [in MSRs] annually,” Piercy said. “The million to $23.7

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Purchase and sale agreement Marketing Equity Banks 329

HomeLight

JANUARY 17, 2024

Buying a house is a major milestone, but what happens when you have second thoughts, or you can’t fulfill the agreement you signed? Backing out of a home purchase isn’t a decision made lightly, yet it’s a scenario that buyers might face. But what’s the real meaning of backing out of a home purchase?

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Purchase and sale agreement Debt-to-income ratio Title search Finance 111

HomeLight

AUGUST 4, 2022

You have options, such as a rent-back agreement, aka, a lease-back deal, that would allow you to stay in the home you just sold a bit longer to give you time to find a new place, to wait for the next home to be built , or to let your children finish the school year. What is a rent-back agreement?

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Rent back Purchase and sale agreement Closing Renovation 115

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. residential mortgages, the company said. on August 28.

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Purchase and sale agreement Loans Banks Finance 295

Realty Biz

MAY 24, 2022

We decided to sell our house as “for sale by owner” to save the agent’s commission. Both the buyer and we signed a generic purchase agreement. I don’t know what is in your generic purchase agreement. I’m assuming that once both of you signed the purchase agreement you stopped trying to find another buyer.

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Earnest money deposit Purchase and sale agreement Pre-approval Inspection 81

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 108

HomeLight

AUGUST 11, 2023

Now that you have a purchase offer in hand, you’re in the home stretch, so to speak, of selling your house — but don’t sign the paperwork or pop the champagne just yet. Find a top real estate agent near you We analyze millions of home sales to find real estate agents that sell homes faster and for more money.

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Purchase and sale agreement Earnest money deposit Residential New Construction 98

Toronto Realty Blog

OCTOBER 10, 2023

TorontoRealtyBlog I’ll tell you which call I have not received in quite some time: the good, ‘ole, “power of sale” seeker. A power of sale can come in many different shapes and sizes. There’s a common misconception that all power of sales are for run-down properties, but they’re not.

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Purchase and sale agreement Sales Due diligence Title 78

Realty Biz

SEPTEMBER 19, 2022

Question from Ellie in ID: Hi Brian, We had a purchase offer accepted more than four months ago but it hasn’t closed yet. If you’re having second thoughts and want to back out of an accepted purchase offer, things can get complicated. When you sign a purchase agreement for real estate, you’re legally bound to the contract terms.

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Purchase and sale agreement Finance Inspection Mortgages 96

Realtor.com

DECEMBER 6, 2021

You still have a marathon to finish before getting to the closing table. “And find out if and how they would want to handle the sale to a buyer found by the seller,” says Sylvia Jonathan , an agent at Coldwell Banker Platinum Properties in Irvine, CA. Watch: 5 Things to Do Before Listing Your Home for Sale.

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Purchase and sale agreement Agents Title Closing 116

The Close

SEPTEMBER 30, 2020

After 26 years of being a residential real estate agent, managing broker, and real estate coach, I too have wondered if there is a massive benefit for me to get my CCIM designation. Making the Transition From Residential Agent to Commercial Agent. How Much Does Getting Your CCIM Cost in 2020? 4 Steps to Getting Your CCIM in 2020.

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Residential Design Agents Commercial 105

HomeLight

MARCH 31, 2022

Selling a home costs money, and you’ve got to factor in all the costs to get an accurate estimate of what your take-home amount will be once the sale is complete. Enter the seller’s net sheet, a document that estimates how much cash you can expect to walk away with after subtracting fees and expenses from the sale price of your home.

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Closing Purchase and sale agreement Title Title search 105

Realtor.com

JANUARY 12, 2021

When is a sale a sale? It is absolutely critical that, as a seller, you understand the purchase agreement and any counteroffers you sign. “Read the agreements to find out if you have any outs in the contract,” says Meyers. The process is not really over until escrow closes,” Zuetel says.

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Backup offer Purchase and sale agreement Due diligence Inspection 115

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

GeekEstate

OCTOBER 29, 2021

I’m excited to release Thomvest’s real estate technology market map, which includes more than 240 companies operating within the residential real estate segment. This market map real estate technology companies operating across every phase of the home purchase value chain. As such, we’ve included the Blend logo in those areas.

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Technology Marketing Purchase and sale agreement Equity 136

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. According to CoStar, the transaction should close in mid 2021, “subject to customary closing conditions and regulatory review.”

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Purchase and sale agreement Residential Brokerage Technology 122

HomeLight

DECEMBER 30, 2023

You may be building an online watchlist of homes you’re interested in seeing, but then you notice a label tagging your favorite property listing as “under contract” or “sale pending.” In this post, we’ll explain terms like “under contract,” “sale pending,” and “active under contract” and how they might impact your home-buying journey.

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Home sale contingency Purchase and sale agreement Inspection contingency Inspection 119

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

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Purchase and sale agreement Inspection Inspection contingency MLS 115

HomeLight

MARCH 31, 2022

price increase , pushing median sale prices to upward of $350,000. With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. Median sales price: $449,900 (Feb. 2022 , a 28.5% increase from the year. Request Estimate.

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Purchase and sale agreement Inspection Inspection contingency MLS 110

Realty Biz

MARCH 28, 2022

A contingent sale just means that some details still need to be worked out. National Association of REALTORS ® (NAR) statistics from 2021 say that only about 5% of sales fall through. After you find a house and have an accepted purchase agreement, the underwriting process for the mortgage begins. Answer: Hello Curt.

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As-is Purchase and sale agreement Debt-to-income ratio Sales 84

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

JANUARY 10, 2023

With such impressive sales figures, some sellers may be curious about how to sell a house by owner in California — a decision that could help them save on agent commissions. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Fast Fasts for Selling a House in California.

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Purchase and sale agreement Natural hazards disclosure Inspection Title 111

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. Median sales price in Indiana. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure.

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As-is Purchase and sale agreement Inspection Closing costs 118

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? I’m not entirely sure. Maybe you can come up with a better analogy for me?

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Construction Sales Purchase and sale agreement Development 77

Realty Biz

DECEMBER 28, 2020

There might be a prenuptial agreement, you might be in a community property state, or an equitable distribution state. Both spouses agree to defer a sale until a later date. If the sale is completed before the divorce becomes final, the equity will be split 50-50 or as agreed to at closing. One spouse buys out the other.

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Purchase and sale agreement Equity Title Sales 116

The Close

JULY 6, 2022

In this article, we’ll review why referrals are sometimes necessary, and how real estate referral fee agreements work. Free Real Estate Referral Form Template The only paperwork required for a real estate referral is a real estate referral agreement. This is a basic contract between the two brokers who oversee the referring agents.

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Purchase and sale agreement Commercial Agents Closing 105

HomeLight

APRIL 28, 2023

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. That 6% is deducted from the seller’s proceeds at closing.

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Purchase and sale agreement Inspection Title Inspection contingency 102

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. Median sales price in North Carolina. Real estate attorneys are considered essential for closing in the state of North Carolina. Sell 'As Is' With a Cash Offer. Disclosures.

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As-is Purchase and sale agreement VA loan Inspection 112

Marco Santarelli

NOVEMBER 17, 2020

Despite the pandemic led economic slowdown, there is healthy demand to purchase homes in the Nashville real estate market. There were 4,364 home closings (res plus condo) reported for the month of October according to figures provided by Greater Nashville REALTORS®. Pending Sales: 3,819. Residential. Days on Market: 25.

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Marketing Purchase and sale agreement Residential Investor 137

HomeLight

AUGUST 24, 2022

Looking to connect with a Florida cash home buyer for a quick sale in the Sunshine State? HomeLight’s Simple Sale platform provides all-cash offers, giving clients a fast, stress-free home selling experience without having to worry about additional repairs or prep work and with no additional fees, commissions, or upfront costs.

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Purchase and sale agreement Title search Proof of funds Title 111

The Close

NOVEMBER 25, 2024

In this “How to Buy a Multifamily Property” guide, I’ll walk you through deciding which type of multifamily property you want to purchase, picking the right lender, and running the numbers to ensure profitability. Simply put, it’s a residential building with more than one unit designed to house multiple families.

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Purchase and sale agreement Property Management Hard money loan Investor 85