Housing Wire

MAY 2, 2021

To help mitigate these pain points, Incenter Appraisal Management is offering remote BPO and remote inspection capabilities paired with AVMs. Incenter’s Remote BPO and remote Inspections don’t require homeowners to download mobile applications and take pictures on their own. Mark Walser, President of Appraisal Management.

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Housing Wire

FEBRUARY 19, 2025

Clarify key steps like inspections, appraisals, and the importance of meeting deadlines and any impacts of missing them. Review comparable sales: Show your clients how a comparative market analysis (CMA) will be used to help them make an offer and determine the fair market value (FMV). Encourage your buyers to keep an open mind.

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Keeping Current Matters

OCTOBER 25, 2021

Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. Here’s a breakdown of what to expect from the appraisal and the inspection, and why each one can potentially save you a lot of time, money, and headaches down the road. Home Inspection. But is that the best move?

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Inspection Loans Mortgages As-is 300

Housing Wire

NOVEMBER 4, 2024

Angela is the 11th-ranked agent in the state by sales volume, closing 38 sides and $29.82 In writing both offers, Angela and I made sure to fully disclose how I was expecting her to get paid , as well as all of my requests, including a home inspection contingency clause. million in volume in 2023, according to RealTrends Verified data.

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Lighter Side of Real Estate

MARCH 18, 2025

On the surface, that sounds greatno haggling over repairs, no headaches, just a clean sale. As-Is After the Inspection When multiple buyers are competing for a home, many of them will do whatever it takes to get their offer accepted, which sometimes includes offering to buy the home ‘as-is’ to beat out the competition.

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Housing Wire

DECEMBER 11, 2024

A public inspection version of the rule was released on Tuesday prior to its final publication. This rule amends the requirements for the sale of eligible single family mortgage loans insured by the [FHA] that have been assigned to the secretary of the U.S.

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Housing Wire

MARCH 22, 2021

Interestingly, Redfin data showed waiving the inspection contingency and conducting a pre-inspection – meaning the buyer conducted an inspection before making an offer – had no significant impact on whether a prospective buyer wins a bidding war.

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Housing Wire

MAY 21, 2024

For many, buying a home is a complex process, and navigating the real estate market’s rules and regulations can be tricky, especially in states where property sale prices remain a secret. Some states are “limited disclosure,” meaning sales information may be submitted to the local assessor but not made available to the public.

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Housing Wire

JULY 23, 2024

Sinking sales, rapidly rising inventory and prices at all-time highs — this is the state of the market for existing homes. That’s according to June’s existing-home sales data from the National Association of Realtors (NAR), which reflect the problems that have hampered housing markets since mortgage rates began to rise in 2022.

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Sales MLS Inspection Mortgages 508

Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? A licensed appraiser conducts the evaluation and considers the condition of the property, the location and sales of comparable properties (comps) in the area. Mortgage lenders want to make sure the property is worth the sale price.

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Housing Wire

JANUARY 21, 2025

For example: What do you hope to achieve in the sale of your home? Can you tell me again how you are planning on using the proceeds of the sale? Later, during the inspection period, the buyer hits the seller harder with a long list of repairs. Youll gain new information that can help you restructure the negotiation as needed.

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Staging Inspection Closing Agents 370

Windemere Selling

FEBRUARY 17, 2025

A home inspection can be a useful tool for buyers, sellers, and anyone looking to protect their investment and get the greatest possible value from their home. Identifying Issues Early When youre selling a house, a pre-sale inspection can be incredibly beneficial. When Should You Get a Home Inspection?

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Housing Wire

MAY 2, 2021

First American offers an integrated suite of staff and network appraisal products and services, including standard appraisals, collateral inspection services and hybrid valuations through First American Mortgage Solutions’ Appraisal Management Company (AMC) and the First American Staff Appraiser Company.

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Housing Wire

JUNE 10, 2024

In 2023, Yu closed 29 sides, representing $63 million in sales volume. 526 slot nationwide in the 2024 RealTrends Verified rankings for sales volume. ”As 526 slot nationwide in the 2024 RealTrends Verified rankings for sales volume. ”As Yu began her career in real estate in 2016 after transitioning from a career in accounting.

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Housing Wire

SEPTEMBER 24, 2024

She transitioned to real estate sales in May 2022 after a three-year career in property management. My attention to detail with inspections, paperwork and closings are essential when it comes to helping clients buy and sell their homes,” Hu said in a statement. “I Hu was previously brokered with Keller Williams Santa Clara Valley.

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Housing Wire

DECEMBER 6, 2024

For example, tips on home staging for a quick sale, how to get top dollar for a property, or advice on how to improve curb appeal are all topics that a seller might be interested in. How about that pest control service you used for your clients termite inspection? Its good practice to update your evergreen content from time to time.

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Pre-approval Design Industrial Agents 397

HomeLight

NOVEMBER 12, 2024

Is this a legal safety net that protects you against all liabilities in a home sale? In this post, we’ll explain what caveat emptor means, which states apply it to home sales, and how sellers can approach it wisely to protect themselves. Which states apply caveat emptor in home sales?

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Housing Wire

JANUARY 14, 2022

Collateral valuation is a critical component of mortgage lending and the home sales process. During the course of the pandemic, mortgage professionals have seen origination volumes for refi and purchase skyrocket as they have simultaneously faced challenges of accessing properties and completing in-person inspections.

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Inspection Lending Technology Industrial 435

Housing Wire

FEBRUARY 26, 2024

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. In Jacksonville, the median condo price declined roughly 7% year over year in January, sales declined 27% and new listings increased 32%.

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Housing Wire

JULY 29, 2022

The median home-sale price nationwide did rise 11.2% San Francisco actually posted a home-price decrease of 0.5%, turning in a $1,581,000 median sale price for June. Home sales for June declined by nearly 16% year over year in June, the Redfin report shows, “the largest decline since May 2020.”. year-over-year decline.

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Inspection Sales Marketing As-is 488

Housing Wire

OCTOBER 6, 2020

You can also bet it will show up on the inspection report. This could mean losing out on valuable profits or the entire sale altogether. Want to really up those sale proceeds? But making a few choice upgrades and renovations could mean a more marketable property, a faster sale and, most importantly, more in profits.

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Renovation Inspection Sales As-is 497

HomeLight

OCTOBER 15, 2024

You’re going to want to stay ahead of the competition and make sure your upgrades pass inspection, especially if you’ll be selling the house in the near future. All this points to the important first step in any big project for your pre-sale projects: assembling your home renovation team to get the job done right.

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Housing Wire

APRIL 2, 2024

billion of loan volume in his nearly 30-year career, started at NAF on April 1 as its vice president producing area sales manager tasked with expanding the lender’s footprint in the Chicagoland area. Steinway, who closed more than $1.5 Chicago, I think, is suffering more than most markets in the United States.

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Loan Officer Loans Finance Mortgages 448

Housing Wire

MARCH 18, 2024

Valuation Selector helps lenders and investors identify the most suitable valuation method (AVM, AVM with inspection, desktop exterior, desktop interior or full appraisal) for a property, depending on its complexity.

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Technology Inspection Investor Mortgages 448

Housing Wire

OCTOBER 27, 2020

They mean a longer sales process, potential repair costs, and maybe even a lost deal altogether. Make sure to talk to your agent before agreeing to any contingent sale, and consider your options carefully before moving forward. A contingent offer means that you plan to buy the home — but only if certain conditions are met first.

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Marketing Rent back Inspection Loans 468

Housing Wire

JUNE 22, 2021

Redfin reported earlier this month that the national median home-sale price hit a record high of $377,200 in May, up a record 26% year over year. Most of the buyers in this area are putting offers in with no appraisal gap — willing to take care of anything that doesn’t appraise — and no inspections, which makes me cringe.”.

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Marketing Inspection Agents As-is 476

Housing Wire

FEBRUARY 21, 2024

Curbio , a provider of pre-sale home improvement services that requires payment at closing, will provide its “Build Your Own Estimate” mobile app to NAR members, which offers free repair estimates for home inspections upon the upload of a PDF document.

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Inspection Investor Closing Agents 435

Housing Wire

JUNE 10, 2021

According to Redfin, the average real estate commission is 5%–6% of the home’s sale price. A seller concession could include putting money towards the inspection costs, appraisal fees, taxes or another expense. Of course, this percentage varies depending on the agent and the location of the house being sold. Seller Concessions.

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Seller concession Staging Closing costs Inspection 546

Housing Wire

NOVEMBER 1, 2024

That can include being a housing market expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more. How do real estate agents get paid? Brokers’ income varies depending on whether they still sell.

Agents 448

Agents Brokerage Purchase and sale agreement Commercial 448

Housing Wire

OCTOBER 9, 2024

Across the country, the topic is causing quite a stir as real estate professionals are sorting out how to incorporate buyer requests and seller offers of buyer agent compensation into a purchase and sales agreement. In Florida, Tom Baker — the district sales manager of The Keyes Co.’

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Purchase and sale agreement Agents Sales Closing 468

Housing Wire

DECEMBER 14, 2022

During the moratoriums, all of our post-foreclosure sales work, the REO, the post-sale, FHA work really almost went to zero,” said Michael Greenbaum, COO of Safeguard Properties. In October, the company added more than 275 subcontractors that complete inspections, preservation and yard/snow services to its network.

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Inspection Technology Equity Investor 418

Housing Wire

JULY 26, 2024

The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties. Although you can sell your home for whatever price you like, a controlled sale may incur certain tax liabilities for both parties. Put everything in writing.

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Purchase and sale agreement Finance Closing costs Closing 459

Keeping Current Matters

SEPTEMBER 15, 2021

Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. Speed and the pace of sales are contributing factors to today’s competitive housing market. Recent sales trends in the area. In today’s sellers’ market , standing out as a buyer is critical. Current buyer demand.

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Inspection contingency Pre-approval Inspection Agents 323

Housing Wire

JULY 18, 2024

Closing tasks such as appraisal , inspection, title insurance and homeowners insurance are done remotely. trillion in existing-home sales, NAR reported. .” Foreign investors can purchase or refinance property through Waltz for a loan-to-value ratio of up to 70%. residential real estate is low.

Finance 448

Finance Investor Banks Residential 448

Housing Wire

MAY 11, 2021

Unfortunately, the ability to obtain information on individual property data about these two factors is hard to come by, short of an interior physical inspection. By the GSE definition, a C5 is a home in need of some significant repairs — and from the comment, it appears the agent hinted so when the property was listed for sale. .

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MLS Inspection Renovation Residential 397

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. TF: Effective risk management in REO asset sales involves awareness of the intrinsic risks.

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Due diligence Marketing Mortgages New Construction 435

Housing Wire

MAY 24, 2022

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. However, they have several more pressing priorities when it comes to what they’re investing in.

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Lending Loans Inspection Industrial 501