Housing Wire

MARCH 24, 2021

Technology has given consumers the power of choice and expedited the entire real estate purchasing process. In an interview with HousingWire, Jacobson mostly wanted to discuss UWM’s broker agreement , specifically a passage in section 2.03 “I would say it’s in every mortgage broker agreement.

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Purchase and sale agreement Loans Loan Officer Mortgages 383

HomeLight

JANUARY 18, 2024

There is a chance that you’ll come across the “time is of the essence clause” in your purchase agreement. A TIOTE clause in your purchase contract means that all the deadlines specified, from the inspection period to the closing date, are not just guidelines but firm commitments. Does it need to be there?

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Purchase and sale agreement Inspection Closing Staging 101

HomeLight

MAY 27, 2021

When you signed the listing contract to put your house on the market, you had high hopes for a quick sale. And now you’ve realized that even the listing agreement with your agent has expired. We’ll fill you in on what obligation (if any) you have to your agent and what your options are to complete the sale.

Purchase and sale agreement 101

Purchase and sale agreement Staging Agents Brokerage 101

Housing Wire

AUGUST 1, 2023

The lender made focused efforts to target the purchase market in 2021 and set up dedicated teams to cultivate relationships with real estate agents. What is clear here is that their long-held view that when rates went up, they could simply change their focus to purchase mortgages is not holding up.

Loan Officer 360

Loan Officer Purchase and sale agreement Loans Mortgages 360

Housing Wire

MAY 23, 2023

Fannie Mae officials, the industry sources claim, during conversations with the acquisitive lenders, asked that, going forward, they “backstop” rep and warranty (R&W) liabilities for all loans originated by a selling entity over the three years prior to a deal closing.

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Loans Purchase and sale agreement Due diligence Industrial 364

Realty Biz

JULY 1, 2023

Escrow acts as a neutral third party that holds funds and documents until all conditions of the home purchase are met. The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage.

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Purchase and sale agreement Earnest money deposit Title search Pre-approval 77

The Close

AUGUST 15, 2023

Using a company that offers pay-at-closing real estate leads is a great way to adjust and offset costs. Here are our top seven choices for pay-at-closing lead services. What Are Pay-at-Closing Leads? Instead, you’ll pay a referral fee to the provider once the transaction has successfully closed.

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Closing Pre-qualification Agents As-is 72

HomeLight

MARCH 31, 2022

Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller. But one of the most influential bargaining tools is eliminating contingency clauses, especially the seller contingency clause, also known as the home sale contingency. Why would you want a home sale contingency?

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Home sale contingency Sales Purchase and sale agreement Inspection contingency 84

Realtor.com

DECEMBER 27, 2022

HGTV On the latest “ Christina on the Coast ,” Christina Hall gives us a good look at her recently purchased forever home—or at least where she hopes to stay for quite some time. In the episode “Another Dime in the Jukebox,” we learn that the designer and her husband, Joshua Hall , have been living in Dana Point, CA.

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Design Purchase and sale agreement Renovation As-is 59

HomeLight

AUGUST 31, 2021

But what if a portion of your rent were going toward purchasing your rental home at a later date? Rent-to-own basics: Crediting rent toward a future purchase. A rent-to-own deal means you can start paying toward a home purchase even if you can’t technically qualify for a mortgage yet. Source: ( Shopify Partners / Burst ).

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Purchase and sale agreement Due diligence Closing costs Mortgages 123

Housing Wire

DECEMBER 8, 2023

Includes current issues and trends in AZ real estate & property inspection issues CE Sales Package #1 with Ethics: 12 of the 24 required hrs of coursework (9 mandatory & 3 general hrs). Student Support: Support is available seven days a week via chat, email, and phone/ When you have questions, we have answers.

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HR Purchase and sale agreement Pre-approval Staging 348

The Close

SEPTEMBER 30, 2020

After 26 years of being a residential real estate agent, managing broker, and real estate coach, I too have wondered if there is a massive benefit for me to get my CCIM designation. OK, let’s start at the beginning: What Is a CCIM Designation? CCIM stands for Certified Commercial Investment Member. Cost of CCIM Courses in 2020.

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Residential Design Agents Commercial 104

HomeLight

JULY 30, 2021

We’ve researched the ins and outs of rent-to-own homes , as well as talking to experienced real estate agents about how a renter and landlord can enter into such an agreement, the pros and cons of doing so, and just what it means for you as a buyer if you decide to rent-to-own. Lease-option agreements. Lease-purchase agreements.

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Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

HomeLight

JULY 13, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in as little as a week and close in as few as 10 days. Facing financial hardships: An unexpected life event has hit your finances hard, prompting a quick house sale to mitigate debt or prevent foreclosure.

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Purchase and sale agreement Sales Inspection Closing 78

Realtor.com

JANUARY 12, 2021

When is a sale a sale? It is absolutely critical that, as a seller, you understand the purchase agreement and any counteroffers you sign. “Read the agreements to find out if you have any outs in the contract,” says Meyers. The process is not really over until escrow closes,” Zuetel says.

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Backup offer Purchase and sale agreement Due diligence Inspection 115

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

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Purchase and sale agreement Inspection MLS Inspection contingency 101

HomeLight

AUGUST 16, 2022

That’s right, it’s a “For Sale By Owner” property, meaning that the owner is selling the property without the help of a listing agent. A FSBO is a home that is for sale by owner, meaning a real estate agent, also known as a listing agent, is not representing the seller in selling their home. Your potential dream home is FSBO.

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Purchase and sale agreement Agents Inspection Title 97

HomeLight

MAY 24, 2021

If you don’t know your scripts and objection handlers by heart, your chances of closing the deal go down. You’ll hear about the takeaway close, handling the 6% commission objection, and the value of dedication to scripts and role play. Today is all about how you close the deal and get the paperwork signed.

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Closing Purchase and sale agreement Agents As-is 104

Realtor.com

OCTOBER 15, 2020

fstop123/Getty Images Few things are as exciting as purchasing a newly constructed home. There are a lot of factors that could make a brand-new home a less than ideal purchase. So, before closing on a new-construction home, here are some things you need to consider. Possible upgrades and design options. ” 4.

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New Construction Construction Purchase and sale agreement Design 138

The Residential Specialist

MARCH 16, 2022

we submit a purchase and sales agreement as an offer and then that is signed and becomes a contract—and we don’t negotiate from there. In many countries, you don’t sign the final purchase and sales agreement until the closing table. Once you have a contract or agreement, that’s the law.

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Purchase and sale agreement Brokerage Design Agents 98

Redfin

MARCH 2, 2023

Regardless of your experience, navigating the housing market can be daunting, especially when it comes to understanding the complex jargon and legalities involved in purchasing a property. When a buyer applies for a mortgage to purchase a home, the lender requires an appraisal of the property to determine its fair market value.

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Purchase and sale agreement Earnest money deposit Finance Inspection 56

Notorious ROB

APRIL 5, 2023

I’ll try very hard not to make this a total sales pitch and shameless plug, but… I make no guarantees on that front. Settlement : actual exchange of money or something else of value for what was purchased. The Closing, when wire transfers happen, documents and signed, and keys handed over is the Settlement step.

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Purchase and sale agreement MLS Brokerage Agents 97

HomeLight

OCTOBER 17, 2022

These legally-binding requirements are designed to enforce transparency in the dealings so as to avoid physical or financial harm to the parties involved. HomeLight’s free Agent Match platform can connect you with a top-performing agent in your market who can help you navigate your entire home-selling journey — from disclosures to closing.

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Purchase and sale agreement Due diligence Earnest money deposit Inspection 95

Realty Biz

JANUARY 7, 2022

Joint tenants cannot enter into the tenancy agreement at a later time. The most traditional form of a TIC is when close friends, family members, or business partners pitch in together to buy a piece of investment property or a vacation home. You can even get your own mortgage on your share of the property.

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Tenancy in common Purchase and sale agreement Commercial Title 91

HomeLight

SEPTEMBER 14, 2020

If you don’t know your scripts and objection handlers by heart, your chances of closing the deal go down. You’ll hear about the takeaway close, handling the 6% commission objection, and the value of dedication to scripts and role play. Today is all about how you close the deal and get the paperwork signed.

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Closing Purchase and sale agreement Agents As-is 63

RIS Media

SEPTEMBER 29, 2020

“There is a huge unmet need in our industry for a brand that not only delivers scalable, well-designed technology and marketing, but also works hand-in-hand with broker-owners and agents to help grow their businesses sustainably and profitably—a company that is focused on opportunity and relationships. 1 seller of new construction).

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Purchase and sale agreement Brokerage Branding Technology 104

HomeLight

FEBRUARY 17, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer within a week and close in as little as 10 days. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract.

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Purchase and sale agreement Closing costs Closing Sales 77

Realtor.com

AUGUST 26, 2020

The unusual requirement comes in the form of a new document included in many borrowers’ closing paperwork. Credit-card issuers are closing accounts and lowering credit limits. You can’t control what customers do after you close.” Many lenders have responded by tightening credit.

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Loans Debt-to-income ratio Mortgages Purchase and sale agreement 102

Marco Santarelli

SEPTEMBER 6, 2023

Financial Planning: Assessed land value is a critical factor when planning the financial aspects of a land investment, including budgeting, financing, and setting a reasonable purchase price. Negotiation Skills: Your negotiation skills and ability to reach a mutually beneficial agreement with the seller can impact the final purchase price.

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Land Purchase and sale agreement Investor Due diligence 52

Realty Biz

JULY 31, 2023

Preparing the property for sale involves cleaning, decluttering, and making it presentable. Price it right: Determine a competitive and realistic asking price based on the condition of your house and comparable sales in the area. Impacts Sale Price An unsound roof can devalue the entire property, affecting the sale price.

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Purchase and sale agreement Investor Renovation Sales 83

HomeLight

AUGUST 4, 2022

You have options, such as a rent-back agreement, aka, a lease-back deal, that would allow you to stay in the home you just sold a bit longer to give you time to find a new place, to wait for the next home to be built , or to let your children finish the school year. What is a rent-back agreement?

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Rent back Purchase and sale agreement Closing Renovation 101

HomeLight

JANUARY 25, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer within a week and close in as little as 10 days. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract.

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Purchase and sale agreement Closing costs Closing Agents 76

The Close

JULY 8, 2023

Idaho requires those seeking a real estate sales associate designation to: Be at least 18 years old Be a United States citizen or lawful permanent resident Have a high school diploma or equivalent What If I’m Already Licensed in Another State? Readers of The Close can get 35% off with coupon code “ TheClose35.

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Agents Purchase and sale agreement Brokerage Closing 94

The Close

SEPTEMBER 14, 2023

Are you considering taking the leap of faith and heading out on your own, but you don’t know if you should start your own brokerage from scratch or purchase a real estate franchise? The Benefits of Purchasing a Real Estate Franchise When it comes to hitting the ground running, franchises have many advantages.

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Brokerage Purchase and sale agreement Branding Agents 84

Easy Agent Pro

JANUARY 13, 2023

Finding out why a client is purchasing a home is an important foundation to start your relationship. Pay close attention to how your client answers this. Let your clients see you’re there to work with them and help them find their dream home, not to push them into an easy sale. . Adding Home Sellers To Your Sales Funnel .

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Marketing Purchase and sale agreement Agents VA loan 105

HomeLight

AUGUST 16, 2021

Plus, if you do decide to take the leap, you’ll be ready to tackle your home purchase like a pro. Some savings you can use toward a down payment and closing costs? Estimate your down payment and closing costs. As for closing costs, they can add up to between 2% and 5% of the loan amount. 42 steps to buying a house.

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Closing costs Purchase and sale agreement Inspection Loans 104

HomeLight

MARCH 23, 2021

According to the National Association of Realtors®, 88% of homebuyers purchased their home in 2020 through a real estate agent , and for good reason. Many designations are affiliated with the NAR, and an agent must complete coursework and sometimes an exam to receive the title. there are over 1.4 million Realtors®.

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Agents Purchase and sale agreement Inspection MLS 99