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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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. How you conduct yourself and how you present to each buyer prospect should not vary by situation.

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CT Homes

JANUARY 1, 2023

If your buyer’s financing fell through at the last moment, it’s likely due to an obstable encountered along the way, but by anticipating those fallbacks, you can hopefully identify a solution. In this post, we’ll cover the main contingencies lender-financed offers typically have and the main drawbacks of such offers. 5 Common Reasons.

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Realty Biz

MARCH 28, 2023

VA appraisals and VA inspections are often confused, but they are different. There are VA loan inspection requirements for appraisals that buyers, sellers, and real estate agents should know. There are VA loan inspection requirements for appraisals that buyers, sellers, and real estate agents should know.

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Housing Wire

NOVEMBER 30, 2023

Also, in the limited program, the FHA proposes that consultant fees be included in the financed mortgage, as it is permissible in the standard version. Changes also include increases to the maximum amount for other allowable fees, including for draw inspection, which is $375. In high-cost areas, however, it can go up to $75,000.

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Housing Wire

DECEMBER 11, 2020

Earlier this year, citing the extraordinary circumstances that the country is facing with the ongoing spread of the coronavirus, the Federal Housing Finance Agency directed the government-sponsored enterprises to ease their standards for both property appraisals and verification of employment. Are borrower-assisted inspections here to stay?

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Housing Wire

SEPTEMBER 19, 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. The appraiser inspects the property An appraiser visits the property and conducts a visual inspection of the home’s condition. Not necessarily.

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HomeLight

AUGUST 16, 2021

You’ll see the term as-is when shopping for a house, but what exactly does as-is mean? Does it mean you’re about to walk into a home where the roof is falling in, or one that is occupied by a rogue family of raccoons? It can — but as-is doesn’t necessarily mean a home is unlivable or unsafe. Source: (Robin Jonathan Deutsch / Unsplash).

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CT Homes

JULY 6, 2020

In this post, we’ll cover the main contingencies lender-financed offers typically have, and what the main drawbacks of such offers are. The most common contingency issue when dealing with “financed” buyers is getting final mortgage approval with the buyer’s lender. Financing Obstacles. Inspections.

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Realty Biz

SEPTEMBER 18, 2021

You should instinctively have a good idea of the property value after a brief inspection. Hard money lenders can’t physically inspect the property themselves nor do they have a solid knowledge of local property values. There are many ways to successfully invest in real estate. It can be in a distant city or across the country.

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Hank Miller Team

OCTOBER 4, 2022

Due diligence periods are back and with them, the main contingencies of appraisal, finance, and inspection. It’s reasonable to say that everyone needs to get reacquainted with home inspection hysteria and the rule of making mountains out of moles hills. The Imperfect Home Inspection No home is perfect, ever.

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Housing Wire

JULY 6, 2023

Fannie Mae’s guidance comes as an update to its Selling Guide in consultation with the Federal Housing Finance Agency (FHFA). The update will prohibit the sale of condo units or co-op shares in projects with unfunded repairs totaling more than $10,000 per unit.

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Housing Wire

MARCH 11, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. The COVID-19-related flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on March 31, 2021.

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Lighter Side of Real Estate

AUGUST 24, 2022

It’s an industry joke that some buyers request the seller to repair even the most minor issue found on a home inspection, like a leaky faucet for example. Even if the buyers did have an inspection, sellers could easily reply with a firm no, and the buyers would be fine with it. Are they all due to home inspection issues?

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Realtor.com

FEBRUARY 5, 2021

But before the sale is closed, you will need to clear several hurdles, one of which may be a termite inspection. While only a few states require it—and there is no federal law that mandates a termite inspection when buying a home—you might want to think twice before skipping it. Your lender may require it.

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RIS Media

AUGUST 30, 2021

Routine roof inspections can prevent this type of scenario. You should have your roof inspected once a year, plus after a major storm or any time you suspect there may be a problem. Regular Inspections Can Detect Problems Before They Get Worse. Routine Inspections Can Help If You Need to File an Insurance Claim.

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Housing Wire

JUNE 22, 2023

In the letter , addressed to FHFA Director Sandra Thompson , the associations ask for “reasonable” building inspection requirements for aging infrastructure. The groups also offer feedback on how the Fannie Mae and Freddie Mac temporary requirements for condos and cooperative projects could be improved. “Any the letter states.

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Housing Wire

JUNE 23, 2022

In order to continue protecting the healthy functioning of the housing finance market as the impact of COVID-19 lingers, issuers still need these prudent flexibilities to help manage persistent operational challenges,” said Alanna McCargo, president of Ginnie Mae, in a statement. 30, 2022.

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Realty Biz

MARCH 28, 2022

The home inspection and the appraisal are the most common. However, there are other uses for a kick out clause such as a financing contingency. It could allow the seller to kick out your offer if they receive an offer without a financing contingency (all cash). The financing isn’t done until it is done. Don’t be alarmed.

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Keller Williams

AUGUST 17, 2022

Now is still a great time to get home financing.”. To help real estate professionals connect their clients to the financing they need, Keller Mortgage has an army of knowledgeable professionals excited to assist in all kinds of transactions. “As Loralynne Ball, head of retail sales for Keller Mortgage, has an even sunnier assessment.

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Housing Wire

JANUARY 14, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday it has extended relaxed lending and appraisal standards put in place due to COVID-19 another month for both Fannie Mae and Freddie Mac. The flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on Jan.

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Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

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Housing Wire

JANUARY 27, 2023

Rent hike protections Nearly one-third of all rental units nationwide are financed with federally backed mortgages — and the blueprint may help curb some of the steep rent price increases for these properties. Fannie Mae provided more than $69 billion in debt financing to support the multifamily market last year.

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Housing Wire

FEBRUARY 21, 2024

Curbio , a provider of pre-sale home improvement services that requires payment at closing, will provide its “Build Your Own Estimate” mobile app to NAR members, which offers free repair estimates for home inspections upon the upload of a PDF document. Founded in 2017, Curbio is based in Potomac, Md.

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HomeLight

JANUARY 10, 2024

Most purchase agreements are contingent on two key items: home inspection and financing. Among the various types of contingencies, two stand out in most home purchase agreements: home inspection and financing. As a buyer, a home inspection contingency offers you a layer of protection.

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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. We’ll also share how you can make a strong offer with fewer contingencies. Why Move Twice?

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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.

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HomeLight

MARCH 7, 2024

You’ve planned, juggled finances, worried about finding the right house, and then you finally sign a contract. This comprehensive document details everything from the purchase price, down payment, and financing terms to contingencies, closing dates, and any specific conditions both parties must meet before the sale can be finalized.

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Housing Wire

DECEMBER 24, 2020

Porch, a home services marketplace with partners in insurance, utilities, home inspection and moving, plans to use the cash to pursue acquisitions to seize the opportunity in real estate. acquisitions, divestitures and financings) of the Company.” million, cleared Porch’s debts entirely.

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Housing Wire

APRIL 4, 2024

The professionals who have the expertise to guide them tend to disappear shortly after they finance the home, leaving the consumer lost. HousingWire reached out to Baldwin to learn about how she stays ahead of the curve as a marketer and what she’s excited about in 2024.

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Realty Biz

SEPTEMBER 11, 2023

During this stage, various contingencies, inspections, and other conditions may need to be met before the sale is finalized. During this stage, various contingencies, inspections, and other conditions may need to be met before the sale is finalized. Home Inspection Concerns Home inspections are crucial to the buying process.

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Realtor.com

JANUARY 9, 2023

“We spoke to the owner about owner financing,” Shirshikov says. ” Thanks to this enterprising financing arrangement, Shirshikov and his family were able to lock in affordable housing payments amounting to about $900 per month for the next 30 years. ” Dennis Shirshikov bought this house with owner financing. .”

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HomeLight

AUGUST 30, 2021

By letting buyers know you have aluminum wiring, you give them the opportunity to order a professional electrical inspection to evaluate the condition of the wiring if they so choose. Wires carry electricity throughout our homes to power laptops, televisions, and stoves, while allowing us to illuminate rooms with the flip of a switch.

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HomeLight

FEBRUARY 6, 2024

” These include: Inspection contingencies: This allows the buyer to have the home inspected within a certain timeframe. Financing contingencies: Gives the buyer time to secure financing. ” You might wonder, “Can I still buy this house?” Learn More What does contingent mean on a house listing?

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Realty Biz

OCTOBER 21, 2023

First-time Spec house builders need to understand the nuances of financing to ensure successful projects. From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Challenges and Opportunities The world of spec house financing presents both challenges and opportunities.

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HomeLight

JANUARY 12, 2024

They are essentially clauses in your purchase agreement that are designed to protect you from unforeseen issues, like problems unearthed during a home inspection or difficulties securing financing. We’ll also share how, as an existing homeowner, you can make a stronger non-contingent offer to get the home you want. More on this below.)

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HomeLight

JANUARY 17, 2024

Here are some common reasons why you might decide to back out of a home purchase: Your loan financing fell through: It’s not uncommon for a mortgage loan to be initially approved but later denied due to changes in your financial situation or lending policies. But what’s the real meaning of backing out of a home purchase?

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