Housing Wire

NOVEMBER 13, 2023

In Florida, getting licensed as a real estate agent begins with the completion of an approved 63-hour Sales Associate prelicensing course. Final Exam: In order to earn your FREC Approved 63-Hour Real Estate Prelicensing Education Certificate, you need to take and pass a course final exam.

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Windemere Selling

JULY 12, 2023

Not only will they conduct a Comparative Market Analysis (CMA) to set a competitive price for your home, but they also know how to market it effectively, they’ll negotiate on your behalf, and they’ll guide you through the process of finalizing the transaction. Buyers may choose to work directly with a mortgage lender.

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HomeLight

MARCH 23, 2022

In the words of Leslie Peterson , a top agent in San Francisco , California: “It’s just a crazy market right now.”. In a hot seller’s market like we’ve seen since the onset of the coronavirus pandemic (and will likely continue to see as we get further into 2022), being a prepared buyer will give you an edge when it’s time to make an offer.

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Realtor.com

JANUARY 4, 2023

Inventory levels are still low, but there are more homes coming on the market; the bidding wars and mind-boggling offers over the asking price have died down; and buyers can once again insist on inspections, contingencies, and repairs before the deal closes. And they’re all in different stages of their lives.

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Realty Biz

MARCH 11, 2022

According to Fortune Business Insight , the worldwide Artificial Intelligence market is expected to grow from $47B in 2021 to $360B in 2028. Aside from this, AI technology can quickly get the buyer’s budget, must-haves, and whether or not they’re pre-approved for a loan which are all vital for an agent. Final Thoughts.

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Point2Homes

JUNE 23, 2021

Often, dealing with the bank directly can allow you to pace your home buying decision and even provide a better deal. Real estate-owned (REO) properties, also known as bank-owned, are properties that have not sold at a foreclosure auction , and as a result, they are owned by the foreclosing bank. What Is an REO Property?

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Realtor.com

OCTOBER 29, 2020

Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Get final mortgage approval. Clear the title.

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Marco Santarelli

AUGUST 2, 2020

Let’s take a look at the current state of the NYC real estate market amid the coronavirus pandemic. On the page, you'll find the latest housing market reports for NYC and also for the state of New York. Let us first find out the latest news about the housing market of New York City, which has been the epicenter of this pandemic.

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Marco Santarelli

AUGUST 9, 2020

The coronavirus pandemic has literally gone viral and the California real estate market also got impacted by it. Today, we decided to take a look at the impact of the coronavirus pandemic on the California housing market. The luxury market suffered the most with more than 50% drops in sales. Sales were up 42.4

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HomeLight

JANUARY 12, 2022

And in some scenarios, the seller won’t be required to attend in-person if they pre-sign the deed and other documents. Large, risk-averse lenders such as Chase Bank and Bank of America will require significantly more time before they issue a final ‘ clear to close ,’” he explained. Source: (Max Nüstedt / Unsplash).

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Windemere Selling

SEPTEMBER 18, 2019

Because, if the scores differ, the bank will typically use the lowest one. 2 Get pre-approved Before getting serious about your hunt for a new house, you’ll want to choose a lender and get pre-approved for a mortgage (not just pre-qualified—which is a cursory review of your finances—but pre-approved for a loan of a specific amount). . #2

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The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. There is always a chance a sale might not go through, especially in today’s wild interest rate market. It’s often presented as a percentage of the fair market value. Assignment.

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Toronto Realty Blog

MARCH 1, 2023

These are in no particular order, other than what I think of when I really question why a condominium project might be canceled in Toronto… – 1) Zoning and approval. Remember, developers can start pre-sales before they have a final design or approval, and of course, they can always change the design.

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Marco Santarelli

APRIL 29, 2021

We will discuss the latest San Jose real estate market trends. The San Jose's housing market is infamously expenisve. San Jose Remains a Seller's Real Estate Market in 2021. A seller's market arises when demand exceeds supply. Available inventory remains low and can’t keep up with the high buyer demand in this market.

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HomeLight

JUNE 21, 2022

After going through the stressful process of staging and showing your house, you’ve accepted an offer that exceeds your expectations. The appraiser utilizes this information to establish the home’s worth which affects the size of the mortgage the bank will approve. Prepare for the unexpected with a pre-listing inspection.

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HomeLight

JUNE 29, 2021

Your sale is more likely to close and close faster with a cash offer than with an offer that hinges on a mortgage approval. Cash offers are becoming more common, especially in this extremely competitive market,” Latif says. Compare the offer against your home’s fair market value. Traditional buyers.

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HomeLight

AUGUST 16, 2021

Bank of America has two national DPA programs. Further, he notes, would-be buyers using down payment assistance might find a challenging landscape in an uber-competitive market. Get preapproved for a loan at this stage. Preapproval — an actual conditional loan approval — beats pre-qualification, which is more of an estimate.

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Redfin

AUGUST 9, 2023

You might be interested in the buzz of Salt Lake City or the quiet charm of smaller towns – either way, Utah’s housing market covers all bases. Utah housing market insights The Utah housing market is currently undergoing a series of interesting trends. Let’s dive in. The median sale price is $543,700, marking a 3.3%

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HomeLight

MARCH 17, 2021

The planning stage (1 to 3 years before purchase). The lender wants to be sure you can pay back the mortgage plus any other debts you owe, so the bank will calculate your DTI. Set up automatic payments with your bank, so you don’t miss the payment deadline. Get Your Timeline for Buying a House. Pay all your bills on time.

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Realtor.com

SEPTEMBER 23, 2020

We ended up buying a house that wasn’t even listed—and learned that this home-buying strategy wasn’t just possible, but often preferable if you’re purchasing property in a competitive market. How to buy a house that isn’t on the market. Buying an unlisted house appears to be a growing trend in heated markets.

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HomeLight

AUGUST 31, 2021

A divorce, job move, or low bank account can all be strong motivators to go for the speed and convenience of a cash sale. Translating that to real estate terms, selling a house for cash goes something like this: Request an offer: You skip the staging and showing process and go straight to requesting an offer. You get paid!

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HomeLight

SEPTEMBER 15, 2021

Comparative market analysis. Proposed marketing plan. Pre-listing inspection report. If a buyer’s mortgage lender requires a copy of the homeowners insurance, you’ll need to provide it for the loan to be approved. Comparative market analysis. Home repair and maintenance records. Receipts for capital improvements.

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Realty Biz

AUGUST 29, 2023

By proactively addressing potential mobility challenges during the planning stages, you can ensure that your new house remains comfortable and accessible for all family members, regardless of their changing mobility needs. Expect the builder to require you to be pre-approved for a mortgage before signing the contract.

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HomeLight

OCTOBER 27, 2021

The lender has started foreclosure proceedings, but the house isn’t owned by the bank yet, and the owner still has a chance to catch up on payments. At this stage, official notice of default has been issued and is publicly available. A preapproval will also help you be as competitive as possible in a hot market.

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Redfin

JUNE 14, 2023

From market insights and the homebuying process, read on to make the jump to homeownership. North Carolina housing market insights The housing market in North Carolina is a vibrant and flourishing industry that presents potential buyers with numerous choices. If you need help figuring out where to start, Redfin has your back.

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Marco Santarelli

JULY 29, 2020

Let’s take a look at the current state of the Portland real estate market amid the coronavirus pandemic. Things improved further in May when pending sales and new listings surged in the Portland housing market. The latest “PORTLAND HOUSING MARKET REPORT” is given below. In April, things improved a bit. s $477,400. month supply.

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HomeLight

NOVEMBER 9, 2021

The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. Days on Market.

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HomeLight

AUGUST 25, 2020

The overarching question, as you make your way down your pre-sale checklist , is likely something along the lines of: “How long is this going to take?”. home was on the market for an average of 24 days , with Ellie May estimating an average of 46 days to close on a purchase loan. Source: (Sarah Shaffer / Unsplash).

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HomeLight

JANUARY 29, 2021

The process of selling an inherited home is complex, including an array of financial, legal, and market ramifications. Because no court approval is required, you can sell the property immediately or at any time,” he comments. We’ll connect you with offers from our network of pre-approved cash buyers.

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HomeLight

MARCH 30, 2021

Ask your real estate agent to help you gauge the current real estate market in your preferred area. Days on market: The speed at which houses are selling can be telling. If houses are sitting on the market for a while, you may get a better deal … but is there a reason why buyers are shying away from a particular area?

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Zillow Market Reports

NOVEMBER 22, 2023

Executive Summary A global pandemic, historic economic change and an unprecedented shift in the housing market have been hallmarks of the past few years. Information about who new construction buyers are in 2023 can equip consumers with the tools they need to make informed decisions in the current housing market landscape.

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HomeLight

MARCH 30, 2022

Selling a house is rarely easy — but it certainly helps if you’re physically nearby to coordinate repairs, approve paint colors, or pop by during your lunch break to check on things. Sometimes these are classified as REOs, or real estate-owned properties , because they’re now owned by a bank, government agency, or other lender.

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HomeLight

AUGUST 16, 2021

Research your market. There’s much to learn about your local real estate market before diving into making offers. How quickly do homes move off the market? While you’re in the preparation stages of buying a home, it’s a good idea to spend some time in the neighborhoods you might end up in. Do some neighborhood testing.

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HomeLight

SEPTEMBER 16, 2021

So while you can expect to receive somewhat of a discount on price — how much so will depend on market competition and the state of your home — you should get a ballpark idea of your home’s current fair market value so you can recognize if you’re getting lowballed. Our Home Value Estimator is a good place to start.

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HomeLight

MAY 25, 2023

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. If you don’t have the time or expertise to list your home FSBO, partner with a trusted, top agent in your North Carolina market. less than agent-marketed sales.

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RIS Media

OCTOBER 7, 2021

How William Raveis Real Estate Responds to Market Needs in Real Time . ” Here, Ryan and Chris Raveis share what’s enabled the company’s extensive growth over the years, along with how they’re helping agents and clients maximize value and experience outstanding customer service in any market. RR: I think it does.

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Branding Equity Agents Pre-approval 101

Toronto Realty Blog

APRIL 26, 2021

If you’re a buyer, seller, or agent in this market, I’m happy to share these stories with you so you may use the information to educate yourself in this exceptionally-difficult market. Like most people in this market who care to admit it, I had absolutely no clue what this house was worth. I don’t do it.

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