Housing Wire

JULY 1, 2021

We all love the feeling of a refreshed, renovated home, and being able to enjoy it instills a sense of pride in its owner. That’s partly why people are spending significant time, energy and money on home renovation projects these days. It’s no secret that home improvements can be a costly endeavor. Areas Ripe for Renovation.

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Renovation Inspection As-is Design 417

McKissock

JULY 20, 2021

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., FHA appraisal assignments ) because they don’t want to be considered a “home inspector.” Are you a home inspector? You were hired to complete an appraisal. Why are these roles often confused?

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Inspection Residential Construction Development 105

Real Trends

JANUARY 4, 2023

In 2021, the National Association of Realtors (NAR) saw record-high membership. And in March 2022, real estate had some of its highest gains when the median existing-home price hit $375,300, up 15% over 2021, marking the longest streak of consecutive year-over-year increases, according to NAR.

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Closing costs Inspection Title Agents 81

HomeLight

JULY 25, 2022

While a home is usually a family’s largest purchase, it’s also a complex configuration of materials, technology as well as structural and mechanical engineering. Start With a Free Home Value Estimate. Enter a few details about your home and we’ll provide you with a preliminary estimate of home value in less than two minutes.

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Inspection Pre-approval Loans Finance 93

HomeLight

JANUARY 12, 2022

Next steps include the home inspection, appraisal, and final paperwork. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. So if you list your home on Jan. So if you list your home on Jan. 1 and accept an offer on Jan.

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Closing Purchase and sale agreement Pre-approval Inspection 111

Realty Biz

DECEMBER 31, 2020

If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from Bethanny in WA: Hello Brian, the 2020 housing market has been afflicted with low inventory, rising home prices, endless bidding wars, and of course the coronavirus.

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Inspection contingency Inspection Closing Loans 112

The Residential Specialist

OCTOBER 19, 2021

Buying homes sight-unseen continues to trend, and agents must assist their clients with these purchases. Even before the coronavirus pandemic, more and more homebuyers were buying homes sight unseen. Not surprisingly, the trend continued in 2021, as pandemic restrictions limited the ability to see properties in person.

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Inspection Due diligence Agents Staging 109

Toronto Realty Blog

APRIL 4, 2024

But I guess from the files of, “Never underestimate today’s whiner from finding something wrong with everything ,” I just picture some message board or chat room where people complain, “Look at these a **e real estate agents – taking bets on how much money they can extract from poor home-buyers!”

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Sales Agents As-is Inspection 64

HomeLight

MARCH 13, 2023

Perhaps you’re in a situation where you’re looking for reputable cash home buyers in Los Angeles. In this article, we explain how to find and sell to a Los Angeles area cash home buyer. 99% of the time, these homes need to be rehabbed. 99% of the time, these homes need to be rehabbed.

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Sales Purchase and sale agreement Due diligence Inspection 90

HomeLight

OCTOBER 29, 2021

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. Keep this list handy as you move through the steps toward closing day when you’ll finally get the keys to your new home. In January 2021, the average time to close was 58 days.

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Closing Inspection Title Due diligence 82

Realtor.com

JANUARY 4, 2023

Realtor.com / Getty Images Q: Is 2023 the year to finally buy a home? There are some signs indicating that it might be getting easier for many folks to buy a home. Homes are sitting on the market for longer, so buyers can sleep on it rather than submitting an offer in the middle of an open house. That depends.

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Inspection contingency Pre-approval Mortgages Inspection 133

Real Trends

JUNE 17, 2022

In May, the typical home in a bidding war received 5.3 offers in May 2021. Homes are now getting one to three offers, compared with five to 10 two months ago and as many as 25 to 30 six months ago,” said Jennifer Bowers, a Redfin real estate agent in Nashville, according to a news release. in May 2021 to 45.3%

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Inspection Mortgages Agents As-is 52

HomeLight

APRIL 29, 2021

Buying your first home was full of surprises. But now that you’re a seasoned homeowner, you’ll know what to expect when selling your home — right? The home sale process involves a long list of steps, and your execution of each impacts your final sale price. Source: (Zac Gudakov / Unsplash).

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Purchase and sale agreement Pre-approval Inspection Inspection contingency 94

HomeLight

JUNE 4, 2021

Named for a mica-flecked spring in 1840, Silver Spring offers a wealth of home options from sophisticated condos to 1930s bungalows and everything in between to suit young professionals, families, and empty nesters. Plan your home budget in Silver Spring. Property taxes here are 1% of the home’s assessed value.

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Inspection Staging Agents Closing 77

Toronto Realty Blog

JUNE 2, 2021

They would be conditional on a lawyer’s review, a home inspection commissioned by the buyer (but paid for by the government…), satisfactory and guaranteed mortgage financing, a catch-all for unfettered “due diligence,” and a mandated ten-day cooling-off period where the buyer can change his or her mind for any reason. .”

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Pre-approval Inspection Purchase and sale agreement Due diligence 97

The Residential Specialist

OCTOBER 24, 2022

Don’t compare 2022 or 2023 to 2021 or 2020 because that’s unrealistic, Miller says. What agents should expect in 2023 is that things will slow down in terms of time. It will take a bit longer to sell and pricing adjustments will happen, but home values will still rise at a normal rate of 3% to 7%.

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Marketing FHA loan Loans Closing costs 111

Real Trends

SEPTEMBER 27, 2022

As fewer sellers list their homes , mortgage rates soar past 7% and the housing market slows to a crawl , Realtor confidence has plummeted, according to the latest survey by the National Association of Realtors. The report also found that homes listed for sale received an average of 2.8 of homes that went under agreement that month.

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Purchase and sale agreement Pre-approval Inspection Agents 80

HomeLight

AUGUST 30, 2021

Wires carry electricity throughout our homes to power laptops, televisions, and stoves, while allowing us to illuminate rooms with the flip of a switch. The majority of today’s homes have copper wiring — considered the gold standard for modern electrical — to do this important job. Rewire the home for copper when necessary.

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As-is Inspection Investor Agents 86

Real Trends

MARCH 2, 2022

Even as the COVID-19 pandemic destabilized the economy, the 2021 housing market was the hottest ever recorded in U.S. Home values rose 6% above the former highest increase of 14% in 2008. Using social media, virtual meetings , and virtual home tours can help you expand your reach. Millennials will take risks to own homes.

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Marketing New Construction Closing costs Agents 103

Realty Biz

MARCH 28, 2022

If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from Curt in WY: Hi Brian, My wife and I are very excited to be buying our first home. We were expecting to see the listing status as “Sold.” Answer: Hello Curt.

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As-is Purchase and sale agreement Debt-to-income ratio Sales 83

The Close

FEBRUARY 6, 2024

I once had a client who wanted to put in an offer on a home with a pool. I’ve compiled a list of my top tips on how to win a bidding war on a house to help you outsmart your competition and get your clients into their dream homes. Example: I had some clients move from another state where they had just sold their previous home.

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Pre-approval Earnest money deposit Inspection Inspection contingency 75

HomeLight

NOVEMBER 9, 2021

If you have a septic system, sewage and wastewater drains from your home to an underground tank where it is treated and dispersed into the ground. But if you own a home, are buying a home, or will be selling a home with a septic system, flushing out other important details can make your head swirl. Insufficient tank size.

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Inspection As-is Agents Development 81

Realtor.com

JANUARY 26, 2023

Getty Images In March 2020, Mark Joseph bought his first home: a spacious three-bedroom, 2.5-bedroom When Joseph moved in, he noticed the HVAC system, plumbing, and electrical wiring were in need of some costly repairs as he’d skipped having them inspected. bedroom house in Saint Louis. Joseph is not alone.

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Marketing Fixed-rate mortgage Closing costs Mortgages 91

Hank Miller Team

FEBRUARY 27, 2022

Coming off the frenzied Atlanta 2021 real estate market, it's hard to imagine things could get tougher for home buyers, but they are. The average mortgage rate is a good 1 higher than twelve months ago, with an expected 3-5 Fed rate bumps over '22. How do home buyers get their offer selected?

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Due diligence Rent back Inspection Agents 52

Realtor.com

APRIL 8, 2021

Getty Images With home prices rising just about everywhere , first-time buyers are set to enter one of the most competitive markets imaginable this spring. So where are the best cities for stressed-out first-time home buyers to nail a deal in 2021? These cities offer more affordable home prices. Let”s take a look.

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Inspection Equity Sales Banks 108

HomeLight

MARCH 18, 2022

As a homeowner, there’s a good chance that your next move will have you straddled with two major decisions at one time: selling your current home and buying a new one. What is a home sale contingency? In real estate, a “ contingency ” refers to certain circumstances that must be met before a home sale can be finalized.

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Home sale contingency Staging Closing Inspection 109

Toronto Realty Blog

AUGUST 10, 2022

When I get an idea in my head, it takes a while to change course… I wanted to talk a little bit today about how we expect the winds of change to blow in the real estate market this fall. 3) Fewer pre-inspections. I would also add that I lead with my best foot forward and I expect the best. ” Matthew followed.

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Inspection Agents MLS Sales 76

HomeLight

JULY 31, 2021

While some traditional homebuyers may find these issues problematic, there are plenty of cash home buyers in Pittsburgh who are willing to purchase properties “as is” in the area while offering a quick closing. The simple way to sell your home for cash in Pittsburgh. Perhaps such a deal is of interest to you as a Pittsburgh homeowner.

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Investor Inspection Sales Closing 109

Marco Santarelli

NOVEMBER 17, 2022

It can still be a good time to buy a home only if you can afford it. In addition, buyers could save more than $20,000 on a median-priced home compared to those who purchased during the housing market's peak in the summer, when a median-priced home cost $450,000. During that period, the demand is normally 8.5%

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Inspection Mortgages Days on market Marketing 52

HomeLight

JANUARY 3, 2023

Sellers who may have been wondering about how to sell a house by owner in Colorado during the hot seller’s market of 2021-2022 may now face stronger headwinds and more discerning buyers, according to top real estate agents surveyed by HomeLight. Median home sales price: $545,000 (November 2022). Quick FSBO overview.

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Purchase and sale agreement Inspection MLS Inspection contingency 98

Real Trends

JUNE 26, 2023

Is it still a great time to buy a home? Date the rate, marry the home. The all-time high rate was 18.63% in October of 1981, and the record low was 2.65% in January of 2021. Additionally, you’ll actually have more than one home to choose from as inventory slowly increases. If it goes down, you refinance.

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Equity Banks Finance Mortgages 86

CT Homes

JUNE 7, 2021

Whatever the reason is, there are a few things you should know about trying to sell a tenant-occupied home. Keep reading to learn about the challenges of selling your home with tenants in place and learn how we can help walk you through the process. Challenges With Selling A Tenant-Occupied Home. Smaller Buyer Pool.

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Purchase and sale agreement Inspection Investor Staging 76

McKissock

APRIL 10, 2022

Collectively, iBuyers purchased more than 71,000 homes in 2021″—increasing business fivefold compared to the previous year. 8 Things Your Real Estate Clients Expect From You. . “Despite a major iBuyer exiting the market (Zillow), Opendoor, Offerpad, and RedfinNow significantly increased their purchasing activity.

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Inspection Residential Brokerage Agents 52

HomeLight

NOVEMBER 10, 2021

When a buyer is scheduled to tour your home the next day, you can’t hit the sack. Though each business operates a little differently, iBuyers generally provide near-instant cash offers for homes, allow you to sell your home mostly or entirely online, and can facilitate much faster closings than a more traditional or financed buyer.

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Home sale contingency Sales Closing Short sale 94

The Close

FEBRUARY 14, 2024

Let’s take the enduring belief that you need a hefty 20% down payment to buy a home—which continues to be a misconception. Setting the Right Expectations Myth #1: Going With the First Buyer Is Rarely the Best Choice After navigating hundreds of real estate deals, I can confidently say that your first offer is nearly always the best.

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Pre-approval Earnest money deposit MLS Renovation 98

HomeLight

JANUARY 10, 2023

The median price of a California home hit $777,500 in November 2022 , which is a 3% decrease from the previous month, a sign that higher interest rates are slowing the real estate market in California. Moreover, homes are sitting on the market for longer and inventory is increasing. Average time on market: 24 days (November 2022).

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Purchase and sale agreement Natural hazards disclosure Inspection Title 90

First Team Real Estate

NOVEMBER 15, 2021

It takes a real estate expert to understand the nuances of the market – not an algorithm – and benefit buyers and sellers by properly pricing and selling a home. Their algorithm helped them assess property values in promising neighborhoods so the company could buy and resell homes to make a profit on the house flip.

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