Housing Wire

NOVEMBER 30, 2023

KC: Many lenders’ loan origination systems are really just providing a document repository and maybe some screens. Most lenders’ loan origination systems are not designed to do that, for collateral especially. CubiCasa provides better data, shortening the days on market for the property.

Loans 459

Loans Technology Days on market As-is 459

Housing Wire

FEBRUARY 27, 2023

The 12 weeks of positive purchase application data are now in the system, and people who applied for a loan are looking and buying. In a typical marketplace, the days on market are more than 30 days. This is a key indicator and one reason the housing market is no longer savagely unhealthy.

Marketing 476

Marketing Mortgages Days on market Sales 476

Housing Wire

DECEMBER 29, 2021

Also, post-2010, the loans in American are very vanilla on the debt structure side of the equation. Simply put, the days on market are still too low, which creates unhealthy price growth, too much bidding action for homes, and a lot of stress in the home-buying process. These households got sub-3.5%

Marketing 534

Marketing Equity Construction Bankruptcy 534

Housing Wire

MARCH 31, 2021

A healthy housing market is considered roughly six months of supply. “The demand for a home purchase is widespread, multiple offers are prevalent, and days-on-market are swift but contracts are not clicking due to record-low inventory,” Lawrence Yun, NAR’s chief economist, said in a statement.

Sales 511

Sales Days on market Marketing Mortgages 511

Housing Wire

JULY 20, 2022

The rise of adjustable-rate (ARM) loans helped mitigate the damage of higher rates. Another negative item in this report — the days on market (DOM) are terrible. We want the DOM to get back above 30 days. It just held up better than I thought it would earlier in the year. Pricing will change as inventory has picked up.

Sales 518

Sales Mortgages As-is Marketing 518

Housing Wire

JULY 10, 2024

In addition to more days on market for homes at higher price points, Campos said he has also seen some price reductions on listings at the higher end of the market. And that is pretty significant.” For Fleischmann’s buyer clients, mortgage rates really seem to be a problem when houses need updates. “If

FHA loan 431

FHA loan Inspection Agents Marketing 431

Housing Wire

AUGUST 30, 2022

From Realtor.com : Even with demand weakness in recent months, days on market are still low. Because total inventory data is still low historically, the days on the market are not growing, year over year, per the last two existing home sales reports. From Redfin.

Bankruptcy 397

Bankruptcy Days on market Sales Short sale 397

Housing Wire

DECEMBER 6, 2024

Evergreen topics might include: how to prepare to list your house, everything your client needs to know about VA loans; or which home improvements yield the best financial return in a home sale. Youll want some evergreen content you can pull from for your real estate newsletters.

Pre-approval 396

Pre-approval Design Industrial Agents 396

HomeLight

OCTOBER 28, 2024

You can check real estate websites or consult with a local agent to get an idea of average days on market and recent sale prices. If the offer works for your situation, you can close in as little as 10 days. Will your debt-to-income ratio permit a new loan? Use the map to navigate to any state or city.

Pre-approval 110

Pre-approval Debt-to-income ratio Equity Loans 110

Housing Wire

JULY 25, 2022

However, contacts reported there was a shift in market activity to slightly lower sales volumes and a reduction in buyer traffic, which they attributed to higher mortgage rates. Inventories of homes for sale and days on market increased in the last month while growth in listing prices for homes started to soften.

Marketing 418

Marketing Residential Construction Mortgages 418

Housing Wire

OCTOBER 20, 2023

To demonstrate this, share regular updates with posts that include stats, such as the average sale prices in your city or in desirable neighborhoods, the number of active listings, the average days on market, and more. Shout out businesses you work with People are always looking for recommendations from expert sources, so share yours!

Agents 434

Agents Lending Staging Renovation 434

Housing Wire

SEPTEMBER 14, 2022

A recent market report by digital mortgage exchange and loan aggregator MAXEX notes that the ongoing economic volatility “has had a profound effect on the housing industry.”. Richmond — Residential real estate market activity declined moderately this period. Refinance applications are 83% lower than last year.”.

Industrial 370

Industrial Residential Construction Mortgages 370

HomeLight

SEPTEMBER 1, 2022

These are often loans in the form of a second mortgage with their own interest rates and payback requirements. of the mortgage loan amount. GSFA OpenDoors® Down Payment Assistance Program – Down payment and/or closing cost assistance up to 7% of mortgage loan amount. Jumbo loans. City-specific options.

Earnest money deposit 115

Earnest money deposit VA loan Loans FHA loan 115

Housing Wire

APRIL 22, 2024

You’ll want to include the list price, sale price, and days on market. There are loan programs available that allow as little as 3.5% For postcards, use the best exterior photo of the property if you were the listing agent or take your own photo of the property from the street if you were not the agent.

Brokerage 461

Brokerage Investor Agents Pre-approval 461

Lab Coat Agents

MAY 1, 2024

VA loan assumptions offer a fantastic opportunity for your clients to save thousands on their mortgage in a rising interest rate environment. What is a VA Loan Assumption? What is a VA Loan Assumption? When a buyer assumes a VA mortgage loan, they take over the seller’s existing loan balance and current interest rate.

VA loan 52

VA loan Loans Debt-to-income ratio FHA loan 52

HomeLight

AUGUST 25, 2020

home was on the market for an average of 24 days , with Ellie May estimating an average of 46 days to close on a purchase loan. That’s 70 days — or a little over two months — from listing to closing. Every house, every market, and every individual sale will vary in terms of days on market and closing timelines.

Closing 122

Closing Pre-approval Inspection Days on market 122

McKissock

JULY 23, 2021

Exposure time precedes the effective date while marketing time occurs after the effective date. Data sources and appraisal reports disclose the “days on market” or the “marketing time” of closed sales. Exposure time plays a more significant role in appraisals developed for lending purposes than marketing time.

Marketing 99

Marketing Days on market Development Lending 99

HomeLight

MARCH 7, 2025

Fast facts about selling a house as is in Princeton Median sales price in Princeton $510,000 Average days on market (DOM) for Princeton 18 days Disclosures Princeton law requires sellers to disclose material facts about the property through the Seller’s Property Condition Disclosure Statement.

As-is 52

As-is Inspection Finance Investor 52

HomeLight

MARCH 7, 2025

Fast facts about selling a house as is in New Hampshire Median sales price in New Hampshire $507,000 Average days on market (DOM) for New Hampshire 37 Disclosures New Hampshire law requires sellers to disclose material facts about the property through the Property Disclosure Statement. MLS has a field to mark a listing as is?

As-is 52

As-is Inspection Finance Investor 52

HomeLight

MARCH 14, 2025

Fast facts about selling a house as is in Idaho Median sales price in Idaho $481,500 Average days on market (DOM) for Idaho 77 days Disclosures Idaho law requires sellers to disclose material facts about the property through the Sellers Property Condition Disclosure Form MLS has a field to mark a listing as is?

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52

HomeLight

JUNE 9, 2023

average % of contracts with an appraisal contingency: 80% Financing contingency Also known as mortgage contingency , the financing contingency states that the buyer can back out of the deal if they can’t get their loan to go through. Purchase mortgages today are taking over 40 days to close on average.

Home sale contingency 145

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 145

HomeLight

MARCH 12, 2025

2025) $455,000 Average days on market (DOM) for Nevada 47 days Disclosures Nevada law requires sellers to disclose material facts about the property through the Sellers Real Property Disclosure Form Does MLS have a field to mark a listing as is?

As-is 52

As-is Inspection Finance Investor 52

HomeLight

MAY 23, 2024

Risky lending practices: Lenders offering mortgages to unqualified buyers can inflate the market. More loans require mortgage insurance: This indicates that lenders see higher risks in the market. Homes selling fast: Homes selling quickly (decreasing days on market ) can indicate a heated market.

Equity 115

Equity Construction New Construction Investor 115

HomeLight

SEPTEMBER 21, 2020

When hiring an agent, military sellers should focus on a key stat in the agent’s track record: days on market (DOM). Every city has an average days on market which refers to how quickly properties go from active to under contract (i.e., Keep in mind, days on market is not the total time it takes to sell a home.

VA loan 111

VA loan Purchase and sale agreement Loans Agents 111

HomeLight

JANUARY 18, 2023

In other words, it’s the amount of your home’s value minus any loans, mortgages, or other liens that are attached to your home. Equity can come from paying down your mortgage loan, gains from home appreciation, or adding upgrades that increase the value of your property. Additional liens or property loans you still need to pay.

Equity 105

Equity Marketing Loans Mortgages 105

HomeLight

JANUARY 27, 2021

So understand that unless you’ve been earning 1099 income for more than two years, it may not help you qualify for a home loan. Some loans, like VA or USDA loans, even allow you to put 0% down. and 1% of your loan amount, annually. And with most loans, you can drop mortgage insurance when you reach 20% equity.

Closing costs 119

Closing costs Inspection Loans Earnest money deposit 119

HomeLight

AUGUST 30, 2024

Within the industry, this metric is known as Days on Market , or DOM. The DOM for most San Antonio sellers is currently around 63 days. Unless you have an all-cash offer, you’ll also need to factor in the time it takes for the buyer to close on a mortgage loan.

Closing 105

Closing Agents Sales Loans 105

HomeLight

NOVEMBER 9, 2021

The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). What do days on market mean? Average Days in 2021. Average Days in 2021. Days on Market.

Purchase and sale agreement 105

Purchase and sale agreement Home sale contingency Title search Inspection 105

HomeLight

SEPTEMBER 27, 2023

General home prep and selling timelines Typical timeline Downsizing Sell for cash Listing prep 2-3 weeks 6-12 months None Time on market 2-4 weeks 2-4 weeks None Time to close 5-6 weeks 5-6 weeks 1 to 3 weeks Total time 2.5-3.5 The current statewide medians range between 18 and 41 days.

Closing 111

Closing Days on market Agents Sales 111

Redfin

MARCH 7, 2025

Active listings: Homes currently on the market that buyers are comparing to yours. Days on market: How long comparable homes took to sell, which helps gauge buyer demand. If your home appraises for less than the asking price, the buyers lender may not approve the full loan amount.

Sales 59

Sales Purchase and sale agreement Pre-approval Agents 59

HomeLight

MAY 8, 2024

Be aware of minimum property standards for certain loans When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan. If you’re selling a house “as is” in Lousiana, we’ve got you covered.

As-is 111

As-is Inspection Finance Residential 111

HomeLight

NOVEMBER 29, 2021

To find local market information in each New Jersey county, check out the Fast Stats page on the New Jersey Realtors website. You’ll find up-to-date information on new listings, days on market, median sales prices, housing inventory, and more. Grants and loans. The full cost of the loan must be repaid.

Land 110

Land Closing costs Purchase and sale agreement Loans 110

HomeLight

MARCH 3, 2025

Fast facts about selling a house as is in Rhode Island Median sales price in Rhode Island $470,000 Average days on market (DOM) for Rhode Island 34 Disclosures Rhode Island law requires sellers to disclose material facts about the property through the Real Estate Sales Disclosure Form. [If

As-is 52

As-is Purchase and sale agreement Inspection Finance 52

Realty Biz

MAY 15, 2022

Days on market is always an essential home selling statistic. You may also glean some helpful selling points for the way other like homes were marketed. Appraisals become a critical component in a real estate transaction, as lenders rely on their information as the basis for granting a loan. Real Estate Attorney.

Sales 141

Sales Agents MLS Equity 141

HomeLight

AUGUST 30, 2024

Within the industry, this metric is known as Days on Market , or DOM. If your buyer is financing the purchase, you’ll also need to factor in the time it takes for them to close on their mortgage loan, which, based on estimates from ICE Mortgage Technology, can be up to an additional 43 days.

Purchase and sale agreement 108

Purchase and sale agreement Closing Sales Agents 108

HomeLight

JULY 29, 2022

It helps to know where the market is now and where it’s headed. In a buyer’s market. In a buyer’s market , inventory exceeds demand, typically resulting in homes spending more days on market , and thus, resulting in pressure on the seller to reduce the price or offer concessions to incentivize a buyer.

Debt-to-income ratio 111

Debt-to-income ratio Loans Rent back Agents 111

HomeLight

JANUARY 22, 2024

Skip repairs and close in as few as 10 days. Be aware of minimum property standards for certain loans When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan.

As-is 110

As-is Inspection Renovation Equity 110