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Massachusetts set to bar home sellers from requiring inspection waivers

Housing Wire

Massachusetts homebuyers will soon be protected from being pressured into waiving home inspections under new regulation. It also prevents sellers from accepting offers if they are informed in advance that the buyer intends to forgo an inspection. A home inspection is an important step in buying a property.

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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

So, let’s start with the basics: What is a real estate broker vs. an agent? To answer that, we’ll take a deep dive into the differences between the many types of real estate professionals, including a real estate agent and a real estate broker. Summary What is a real estate agent? What does a real estate agent do?

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Home sale cancellations hit record high in January

Housing Wire

With less competition, some buyers are backing out during the inspection period, hoping for a better deal. Im seeing more homebuyers back out of deals than usual, and Im hearing the same from other agents and mortgage lenders in the area, said Sam Brinton, a Redfin Premier agent in Salt Lake City. Las Vegas 17.9% Houston 17.8%

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Low-fee brokerage firms could give sellers considerable savings: CPC

Housing Wire

According to the study, sellers who use an agent that charges 1.5% to list a property will spend $6,000 less in brokerage fees to sell a $400,000 home compared to a seller who uses an agent that charges 3%. Other strong contenders included Ideal Agent , which has a typical fee of 2%, along with Trelora , Simple Showing and 1% List.

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Homebuyers turn to aging properties as construction lags

Housing Wire

Older homes may cost less upfront, but the cost of repairing or replacing big ticket items can be a huge burden for buyers, said Jerry Quade, a Redfin Premier agent in Cleveland. At the end of the day, getting a building inspection is critical. Construction still behind demand The shortage of new housing is a key factor in the shift.

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Redfin says the LA wildfires impacted $50B worth of homes

Housing Wire

The report, released on Thursday, uses data from the Los Angeles City Council , which provided a list of 11,125 residential parcels inspected after the wildfires. million square feet “The LA housing market is moving slowly after the fires,” said Greg Eubanks, a local Redfin Premier real estate agent. “A

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From consultation to closing: The definitive homebuying checklist

Housing Wire

Buyers agents are not just bright smiles that open doors were the guide our clients rely on to navigate the homebuying process. Thats why having a definitive homebuying checklist is an essential part of your agent toolkit. This is when your buyers need you the most. Have you spoken to a lender?