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CRMLS removes seller concession fields from platform

Housing Wire

California Regional MLS (CRMLS) has decided to remove fields listing seller concessions from its platform. The nation’s largest MLS also added a field to indicate whether the amount being offered was a dollar amount of a percentage of the sales price of the home.

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Reverse purchase financing: The financing option no one is talking about

Housing Wire

For real estate professionals, this option presents an opportunity to capture more sales. Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans. They have been able to reach sales goals with relative ease for over a decade. What is reverse purchase financing?

Finance 436
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Despite a drop in mortgage shoppers, opportunities are out there: report

Housing Wire

In times as tough as these, mortgage lenders must be proactive in borrower outreach and find consumers’ home finance needs if they’re going to close a deal, a new report by mortgage relationship data company Sales Boomerang concludes. Rocket launched a similar product in September.

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No ’horror stories’ from agents on the first weekend of NAR settlement changes

Housing Wire

“The biggest difference is that sellers need to have the new format and commission structure explained to them fully and carefully,” said Rachael Dotson, an agent at Rhode Island-based Residential Properties Ltd. It is really leveling the playing field,” said Jason Posnick, the sales manager at Lamacchia Realty.

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Show up, don’t show off: Laura O’Connor is redefining success in real estate

Housing Wire

HW: How important is it to educate clients about the “new normal” in residential real estate post-August 17? That’s where the magic is, and our industry needs to be recognized for all the contributions made which extend far beyond fiduciary responsibilities and other aspects of the home purchase – home sale process.

Branding 406
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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

Home prices have remained stubbornly high , and there’s tens of billions of dollars in homes for sale beyond the conventional loan limits set by Fannie Mae and Freddie Mac. It comes at a time in which the housing market favors buyers and seller concessions become more frequent. Jumbo loan volume increased 3.1%

Mortgages 401
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Let’s Make a Deal! 7 Things You Can Negotiate When Buying a Home—Beyond the Asking Price

Realtor.com

But it’s not the only negotiable part of the sale—there are plenty of other ways to haggle aside from list price. “In In most parts of the country, sellers often have multiple bids right now,” says Danielle Samalin , CEO of Framework Homeownership. “In Just remember: It’s not a given that the sellers will be willing to budge.