Housing Wire

MARCH 24, 2021

Technology has given consumers the power of choice and expedited the entire real estate purchasing process. Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors.

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Purchase and sale agreement Loans Loan Officer Mortgages 397

Housing Wire

SEPTEMBER 20, 2024

But for mortgage industry professionals hampered by fewer sales opportunities since the Fed’s streak of rate hikes began in March 2022, will this be the start of better days? Some real estate agents think interest rate cuts could be offset by a surge of demand that creates more bidding wars and higher sale prices.

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Mortgages Purchase and sale agreement Industrial Loans 447

Housing Wire

NOVEMBER 12, 2024

Detroit-based Rocket Companies , the parent of Rocket Mortgage , saw its strategy of investing in technology and expanding its servicing portfolio start to pay off in the third quarter of 2024. billion in loans during the period — up 28% year over year. million loans, Rocket’s servicing operations generated approximately $1.5

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Purchase and sale agreement Mortgages Principal Loans 397

Housing Wire

MAY 11, 2021

billion in closed loan volume in the first quarter, down from the $54.7 According to the wholesale giant ‘s quarterly earning statement, UWM posted a gain-on-sale margin of 2.19%, an 86 basis point decline from the 3.05% margin it posted in the fourth quarter. . billion in purchase mortgages, up slightly from the $12.1

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Purchase and sale agreement Mortgages Industrial Technology 397

Housing Wire

SEPTEMBER 8, 2023

Loan officers dread having to email an appraisal firm for the report they’re waiting on. Title agents dread being blamed by everyone from the buyer to the seller, from the real estate agent to the lender, for that delay that falls between the signing of a sales agreement and the signing of the closing documents.

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Title Purchase and sale agreement Technology Closing 416

Housing Wire

AUGUST 1, 2023

The Detroit-based lender’s unmatched combination of name recognition, digital infrastructure and consumer technology enabled it to originate more than $670 billion in mortgages in 2020 and 2021, smashing records in the process. Its parent Rocket Companies rode the wave to a stunning $9.4 billion in profit in 2020 and $6.1 billion in 2021.

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Loan Officer Purchase and sale agreement Loans Mortgages 370

Housing Wire

AUGUST 27, 2021

Second , the reporters looked at conventional loans only, meaning loans only from Fannie Mae and Freddie Mac , and did not include loans from FHA / VA / USDA. The result here is that borrowers who have FICO scores below, say, 720 with a high loan to value (LTV) will often find a better deal by going to the FHA.

Debt-to-income ratio 448

Debt-to-income ratio Purchase and sale agreement Pre-approval Loans 448

Housing Wire

NOVEMBER 2, 2023

Just a couple years ago there was incredible momentum building around alternative ways to purchase, sell and extract value from residential properties. The highly competitive purchase market and bidding wars gave rise to power buyer models to help non cash buyers compete. homeowners. According to the latest Q2 report from the St.

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Purchase and sale agreement Marketing Equity Finance 431

Housing Wire

AUGUST 28, 2023

CEO Vishal Garg said in an interview with HousingWire that the company targets mortgage marketplace and white-label technology models. on Thursday — funded a loan volume of $1.7 billion across 4,768 loans in the first six months of 2023. Better’s funded loan volume of $1.7 million from April to June.

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Purchase and sale agreement Loans Banks Finance 370

Housing Wire

SEPTEMBER 6, 2023

Networks that have earliest visibility at the consumer points of intention will capture the data to win loans, provide servicing, create content and build a loyal audience. Portals will authenticate identity, validate content, facilitate standard agreements, and ensure timely payments between buyers and sellers of homes and service providers.

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Purchase and sale agreement Title Mortgages Lending 370

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. 2 brokerages in residential sales volume nationally – and bitter rivals.

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Purchase and sale agreement Brokerage Loan Officer Mortgages 305

Housing Wire

APRIL 21, 2022

To Ballard, 3D printing technology is evolving to solve a crisis in modern day America and the world: The failure to meet people’s demand for housing. A man in Iowa in the late 1800s would get a loan from the bank, take a train to Chicago, purchase a home, come back and the house is delivered, and his neighbors help him assemble it.”.

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Construction Purchase and sale agreement Land Investor 418

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

Realty Biz

JANUARY 19, 2024

From three decades working as a Realtor, there are common denominators for first-time home buyers going through the purchase process with ease. This includes understanding the terminology, legal aspects, and financial considerations of purchasing a property. By following these steps, you can easily navigate the real estate market.

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Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

HomeLight

JANUARY 12, 2022

You’ve accepted an offer on your house and both you and the buyer have signed the purchase contract. But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. 24, you can expect to close on the sale of your home somewhere between the end of February to mid-March.

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Closing Purchase and sale agreement Pre-approval Inspection 116

HomeLight

MAY 19, 2022

We also have additional insights from Graham Alexander, Solar Sales and Design Manager at Southern Energy Management in Raleigh, North Carolina, who has 17 years of experience in the solar industry. According to the Solar Energy Technologies Office , location is important for your solar panels to be the most effective.

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Purchase and sale agreement Debt-to-income ratio Finance Loans 122

HomeLight

MAY 27, 2021

In a home sale, the occupancy date is when a buyer has the legal right to move into their newly purchased home. It depends on your agreement with the buyer. The purchase agreement specifies both the closing date and the date the buyers will be able to move in. To your horror, the buyers step out of the truck.

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Purchase and sale agreement Closing Staging Loans 100

HomeLight

MAY 24, 2022

If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. But just how long does it take to close on a house with cash, compared to a traditional loan? The bulk of the time, however, is consumed by loan underwriting and processing.

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Purchase and sale agreement Closing Title search Title 111

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

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Sales Purchase and sale agreement Earnest money deposit Investor 93

HomeLight

AUGUST 30, 2024

In this post, we explore the average time to sell a house in Utah and share proven strategies that can speed up your home sale in the Beehive State. However, the processing time can be less if a buyer is preapproved for their home loan. Our data shows that the top 5% of agents in the U.S. In southern areas like St.

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Purchase and sale agreement Closing Sales Agents 108

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 16, 2021

You’re finally ready to purchase your first home. Source: (LinkedIn Sales Navigator / Unsplash). Use technology. Finding an agent can be overwhelming, but technological advancements have simplified this process. Ask your lender or loan originator. Have you been preapproved for a home mortgage loan ?

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Agents Purchase and sale agreement Brokerage Design 111

The Close

NOVEMBER 7, 2024

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. Tax liens and auctions: Search for tax lien sales and foreclosure auctions. Stay updated on local and national real estate trends and regulations.

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Hard money loan Purchase and sale agreement Investor Due diligence 91

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

NOVEMBER 30, 2022

We analyze millions of home sales to find buyer’s agents who will show you the perfect home with the right price. Leverage technology. While old-fashioned methods of picking a real estate agent like referrals and for-sale signs are valuable in your search, the ever-evolving internet offers a wealth of immediate resources.

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Agents Purchase and sale agreement Technology Seller concession 111

HomeLight

SEPTEMBER 30, 2021

Though homebuyers tend to begin their search online , 89% of them ultimately purchase their home through a Realtor®. Realtor® fees cover the cost of both buyer’s agents and listing agents for home purchases. These fees are a percentage of the home’s sale price, usually around 5%-6%. Updated September 30, 2021. How much are they?

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Purchase and sale agreement Agents Closing Sales 105

HomeLight

SEPTEMBER 21, 2020

Some will purchase your home with the intention of renting it out. Unlike flippers, iBuyers purchase homes in fairly good condition at a high volume, turn them around quickly, and aim to offer a seamless home-selling experience online with easy-to-use digital platforms. Market your transferable VA Loan Terms. Sounds a bit fishy.

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VA loan Purchase and sale agreement Loans Agents 111

HomeLight

APRIL 29, 2022

People searching for a home can also browse Offerpad-owned listings and work with one of the company’s transaction managers to make a purchase. When selling to Offerpad, you skip many of the typical hassles associated with listing a home for sale, such as staging, showings, and open houses. What is Offerpad?

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Purchase and sale agreement Closing costs Closing Staging 105

HomeLight

JULY 6, 2022

Processes, rates, and services from real estate companies can change based on market conditions, housing trends, changes in technology, and customer needs. In 2021, 32 percent of all home purchases were made with cash. It’s quick, easy, and can reduce the stress of a home sale. Request Offer. How does RealSure Sell work?

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Purchase and sale agreement Agents Finance Inspection 110

HomeLight

MARCH 28, 2022

Simple Sale provides cash offers for homes nationwide for when a traditional listing doesn’t work. If you purchased the home recently, such as a year or two ago, it’s possible you haven’t built up much equity yet. Look-back: You did not exclude the gain from the sale of another house within two years from the sale of this house.

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Purchase and sale agreement Agents Equity Staging 119

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 91

HomeLight

OCTOBER 20, 2022

End-of-year listings have historically garnered the highest sales prices in the Austin market. An experienced real estate agent can assist you with preparing your home for sale as well as provide expert guidance on the best time to list your home on the market. Prepping your home for sale. Pricing to sell for the most money.

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Seller concession Purchase and sale agreement Closing costs Inspection 110

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. Create a business plan Being a real estate agent isn’t a job — it’s a small business.

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Agents Purchase and sale agreement Branding Brokerage 65

Redfin

AUGUST 3, 2022

Homeownership offers stability and a sense of security and safety, but the process of making the biggest purchase of your life can seem overwhelming. Debts include recurring bills, such as car payments, daycare payments, and student loans. If you’re a veteran, you may qualify for a no down payment mortgage known as a VA loan.

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Pre-approval Purchase and sale agreement Title Debt-to-income ratio 76

HomeLight

MARCH 17, 2021

The planning stage (1 to 3 years before purchase). Your debts include student loans, car loans, child support payments, and credit card bills, plus your mortgage. Paying off some loans before you start house-hunting can help you to qualify for a bigger home loan. Source: (Shopify Partners / Burst).

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Pre-approval Purchase and sale agreement Title Closing 98

HomeLight

DECEMBER 30, 2022

Perhaps you need a fast home sale to start a new job. 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. Close the sale and get paid quickly.

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Purchase and sale agreement Closing costs Closing Agents 98

HomeLight

JANUARY 19, 2023

Perhaps you need a speedy home sale to relocate across the country for an exciting new job promotion. 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 Agents 97