Housing Wire

JANUARY 14, 2022

The market last year was unprecedented,” said Mark Siwiec, a Keller Williams agent in Brighton, a town just southeast of Rochester. “It in November, per Redfin, suggesting listing agents perhaps underestimated continued market demand. It left us breathless. In addition, the sale-to-list price ratio was 106.3%

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Agents Inspection Marketing Equity 421

Realty Biz

OCTOBER 19, 2022

The home inspection is part of the process that can lead to problems, but what does a home inspector do? The home inspection is the buyer's opportunity to get a professional opinion on the home's condition. If you are unsure about what does a home inspection cover, we take a look so that you are better informed. Others do not.

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Inspection Inspection contingency Agents As-is 122

Housing Wire

OCTOBER 28, 2021

The firm announced Wednesday that it has acquired Denver-based digital mortgage automation and point-of-sales software company Floify. The post Porch acquires mortgage software firm Floify for $90M appeared first on HousingWire. The acquisition cost Porch about $76.5 The acquisition cost Porch about $76.5 as of late Thursday morning.

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Mortgages Loan Officer Investor Loans 397

Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. With a changing market, home inspections are now becoming a secondary point of negotiation. Be the leader in the transaction.

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Proof of funds Inspection contingency Inspection MLS 432

HomeLight

MAY 31, 2022

It’s natural to wonder, “Can I get a free home inspection?”. In order to understand what you can and can’t receive for free, it’s important to know what role your home inspection plays in a home transaction. During a home inspection, a professional will scope out the home and assess its condition, structure, and safety.

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Inspection Agents As-is Sales 90

Realty Biz

MARCH 28, 2023

VA appraisals and VA inspections are often confused, but they are different. A VA appraisal is similar in some ways to the appraisal with a conventional mortgage, but they do more to protect buyers. There are VA loan inspection requirements for appraisals that buyers, sellers, and real estate agents should know.

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VA loan Inspection Loans Land 94

Housing Wire

OCTOBER 5, 2021

This is slightly higher than the number of buyers who reported purchasing a home without a mortgage (68%). One such way a buyer could make their offer more appealing is by waiving an inspection. Overall, sellers were typically white (72%) and selling in suburban areas (51%) in the South (41%).

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Inspection Finance Mortgages As-is 545

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. Anything below list price, regardless of the terms, just can’t compete.”

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Inspection contingency Inspection Sales Mortgages 545

Housing Wire

NOVEMBER 7, 2023

Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. One of the top concerns for homebuyers as well as agents right now is the historic lack of inventory. Find them their dream home.

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Loan Officer New Construction MLS Inspection 432

Realty Biz

JANUARY 7, 2021

The fact is that another round of negotiations is frequently needed after the house is professionally inspected. Nor should the inspector be involved in a second round of negotiations after the inspection. Risks of Waiving a Home Inspection. Even a strong sellers’ market is not a good reason to waive a home inspection.

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Inspection Purchase and sale agreement Loan contingency Loans 120

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Think of the savings.

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Inspection Technology Loans Mortgages 410

Real Trends

SEPTEMBER 29, 2022

The wild ride that caused a home buying and selling spree became a bit of a noticeable issue in the home inspection industry around the third quarter of 2021. Waiving contingencies, including the home inspection. Trends in home inspection. Trends show “contactless” home inspections are becoming the norm.

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HomeLight

AUGUST 23, 2021

Now it’s time to start moving through the process of finalizing the sale, which includes getting an inspection of the property. While they aren’t necessarily required by your mortgage lender, a home inspection is an important part of your home purchase. But how long will this inspection take? What is a home inspection?

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Inspection Due diligence Agents As-is 104

Realtor.com

DECEMBER 29, 2020

My smooth path to homeownership suddenly became rocky when the inspection report came back with a big fat failure on it. After a few calls with my real estate agent (who, at that point, had become more of a home-buying therapist), I learned that a bad inspection isn’t that rare. Most inspection issues are small.

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Inspection As-is Agents Sales 134

Keeping Current Matters

OCTOBER 12, 2020

Most real estate agents have developed a strong Internet and social media strategy to promote the sale of your house. The buyer’s agent, who solely represents the best interest of the buyer. The buyer’s agent, who solely represents the best interest of the buyer. You Won’t Know if Your Purchaser Is Qualified for a Mortgage.

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Agents MLS Inspection Mortgages 275

Housing Wire

FEBRUARY 21, 2023

It also holds great promise in attracting a new generation of bright, talented appraisers who may have otherwise not given the mortgage valuations industry a second look. Streamlining operations Once a borrower is approved for a mortgage loan, the process should run like clockwork. Origination modernization can give them the edge.

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Pre-approval Technology Title Loans 370

Housing Wire

FEBRUARY 1, 2023

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. The loan will cover an 11-month maximum build period with a one-month modification.

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Construction Loans Loan Officer New Construction 397

Housing Wire

MARCH 10, 2023

” The participating firms, which will collect appraisal data and put it through Fannie Mae’s API, include the biggest name in the mortgage tech space: Solidifi, Class Valuation , Clear Capital , Mueller Services, Inc. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

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Title Inspection Lending Closing 384

RIS Media

MAY 13, 2021

Many buyers in today’s red-hot real estate markets are tempted to forego the home inspection. First, the home inspection allows the potential buyer to learn about any major defects or damage that will need to be addressed. Second, the home inspection can reveal potentially dangerous conditions.

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Inspection Marketing Closing Mortgages 104

Real Trends

SEPTEMBER 20, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? Appraisals are required for homes financed with any type of mortgage. Getting approved for a mortgage depends largely on the outcome of an appraisal. Mortgage lenders want to make sure the property is worth the sale price.

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Agents Inspection Sales Commercial 87

Realty Biz

OCTOBER 17, 2022

Bills Q&A will answer the most difficult questions for real estate agents, DIY, first time home buyers, and mortgage lenders email your questions now to billgassett@remaxexec.com. What should I be looking for from a well inspection company? When buying a home there are many types of inspections a potential buyer can conduct.

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Inspection As-is Mortgages Agents 94

Housing Wire

MARCH 3, 2023

Clear Capital – the 2022 HousingWire Tech100 mortgage company , founded in 2019, has completed more than 250,000 data collections for agency loans, which utilize appraisal modernization programs. The company has a panel of more than 4,200 brokers and agents, allowing lenders to provide 97% coverage nationwide.

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Loans Inspection Technology Design 397

Realty Biz

MARCH 21, 2022

Three weeks ago, my full price offer on a 22-year-old house was accepted with a contingency for a home inspection. I’m pleased that the deal is moving quickly, and I receive the inspection report a couple of days ago. However, the inspection identified 28 issues that might need attention. Negotiate a new price.

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Inspection Purchase and sale agreement Sales Closing 81

Hank Miller Team

NOVEMBER 22, 2022

There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. In fact, some real estate agents would also benefit from a reminder about their respective roles. In most cases, if a home buyer is getting a mortgage, an appraisal will be completed.

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Inspection Lending Equity Agents 52

CT Homes

MARCH 7, 2024

If you’re a homeowner pondering the possibility of selling your house, you might find yourself wrestling with a common question: Can you sell a home with a mortgage ? It’s a widespread belief that a mortgage chains you to your property until every last penny is paid off.

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Purchase and sale agreement Mortgages Equity Short sale 78

Windemere Buying

JULY 8, 2022

One important distinction to be made is the difference between your real estate agent and your mortgage broker. Real Estate Agent vs. Mortgage Broker Both real estate agents and mortgage brokers are licensed professionals who play a pivotal role in the home buying process by bringing parties together to get a deal done.

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Agents Pre-qualification Mortgages Pre-approval 52

Realty Biz

JANUARY 29, 2022

It’s not a deal easily undone once the final papers are signed, so it makes sense to understand the ins and outs of mortgages before taking the leap into homeownership. Here are six mortgage mistakes to avoid (and what to do instead). Get pre-approved for a mortgage. Shop around to get the best mortgage rate.

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Pre-approval Mortgages Closing costs Principal 127

Real Trends

OCTOBER 16, 2023

Zillow research also found that a majority of homeowners with mortgages have locked in a rate below 5%, and are almost half as likely to consider moving. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%.

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Agents Seller concession Closing costs Mortgages 99

HomeLight

JULY 5, 2023

It’s no secret that the mortgage industry isn’t super transparent about closing costs. In recent years, regulations have tightened, forcing mortgage lenders to disclose these costs in loan estimates. There are two main types of closing costs: Lender and broker fees: Lender and broker fees are charged by most mortgage lenders.

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Closing costs Closing Mortgages Loans 89

HomeLight

AUGUST 11, 2023

The best real estate agents in the nation, the ones who have to turn down clients because they’re so slammed with business, tell us that it’s their hard negotiating skills and objective lens that sellers need the most. Find Agent So what can a real estate agent do for you that you can’t do for yourself?

Agents 95

Agents Inspection Sales Industrial 95

Realty Biz

SEPTEMBER 23, 2023

Are you wondering what to ask a buyer's agent before hiring them? Buyer agents play a crucial role in real estate transactions. Understanding the difference between buyer and seller's agents and how buyer's agents are compensated is essential. A few types of real estate agents are vital to understand.

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Purchase and sale agreement Pre-approval Agents Pre-qualification 73

HomeLight

MARCH 15, 2024

Connect with a Trusted Top Agent for Top Results HomeLight can connect you with a top-performing, trusted agent in your market. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs. Find Agent What is a kickback in real estate?

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Purchase and sale agreement Inspection Title Agents 103

HomeLight

SEPTEMBER 21, 2023

These can include where you live, whether it’s a cash or mortgage-financed sale, and whether you’re working with a top real estate agent. We spoke with Deborah Smith , a top real estate agent in Detroit, and Shaunna Overman , a top real estate agent in North Carolina, to get the details.

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Closing Due diligence Inspection Title 106

Redfin

JANUARY 6, 2021

Just to be sure there aren’t any other pests lurking about your new house, you might want to consider getting a pest and termite inspection. Here are five reasons you should schedule a termite and pest inspection before any unwanted visitors wreak havoc on your dream home. Why should you get a pest and termite inspection?

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Inspection VA loan Loans Closing 65

Realty Biz

JULY 11, 2022

Several have sold before I even talked to an agent about them. But this is my first home, and I don’t know why I should hire an agent. As a first-time buyer , I can’t stress enough how important I think it is for you to use a buyer’s agent. Let’s start with the cost to hire a buyer’s agent. Answer: Hello Stuart.

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Agents Inspection Closing costs Seller disclosure 82

HomeLight

JANUARY 31, 2024

Contingencies are designed to protect both parties involved, allowing the buyer to back out of the purchase without penalty under specific circumstances, such as issues discovered during a home inspection or difficulties obtaining financing. If the buyer cannot obtain a mortgage within the agreed timeframe, they can opt out of the purchase.

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 99

Windemere Buying

APRIL 12, 2023

Real Estate Agent You’ll be represented by a buyer’s agent throughout the home buying process. When searching for a real estate agent, ask questions to gain an understanding of their professional expertise as well as their personality. Mortgage Lender You need financing to buy a home.

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Pre-approval Inspection contingency Title Inspection 103