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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Realty Biz

JUNE 7, 2023

What to Know About Final Walk-Through Problems There are many steps to successfully closing on a home, from making an offer to inspect the house by a professional to get your mortgage commitment to sitting at a closing table. One final step in the closing process is a final walk-through before getting to the closing table.

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HomeLight

JUNE 21, 2021

Along with Cassie Scramlin , a top agent and new construction expert in Battle Creek, Michigan , we’re taking you through a comprehensive new home inspection checklist and offering a few bonus tips on what to keep an eye out for during your final walkthrough. Download Your New Home Inspection Checklist! Untitled *. Trenches and soil.

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Housing Wire

APRIL 11, 2023

They ensure that all conditions of the sale have been met and manage the disbursement of funds at closing. The buyer must wait for bank approval, secure financing, complete inspections and perform last-minute walk-throughs to ensure all necessary documents and requirements are being processed. How has technology impacted the industry?

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Redfin

OCTOBER 10, 2023

In this dynamic setting, the process of home inspection becomes a journey through layers of historical significance and modern innovation that define a property. So, let’s delve into the world of home inspections in the Empire State. Why should you get a home inspection in New York?

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Redfin

AUGUST 25, 2023

Before taking the plunge into homeownership, one essential step that can’t be overlooked is a comprehensive home inspection. In this Redfin article, we delve into some crucial tips and aspects to watch out for when it comes to a home inspection in the vast expanse of Texas. Courtesy of Grace Home Inspection Services 2.

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Housing Wire

NOVEMBER 22, 2023

Another example is the LIDAR that’s now available on iPhones, which adds a whole other dynamic to developing point cloud technology to gather measurements and spatial information about anything that you’re scanning. Now, we’re giving a fully transparent data package to the appraiser that they have to use to develop their opinions.

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Housing Wire

MAY 24, 2022

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. However, they have several more pressing priorities when it comes to what they’re investing in.

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Redfin

AUGUST 25, 2023

From the annual dance of hurricane season to the nuances of local architecture and environmental factors, being well-informed through an indispensable home inspection is paramount before buying a home. Unfortunately, some of these issues remain hidden until much later,” shares Inspection Services of Florida LLC. “We

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Housing Wire

JULY 15, 2021

Through a close friend, Davis was introduced to HomeFree-USA, a nonprofit organization whose mission is to help prospective buyers reach homeownership. As part of Davis’ roadmap, advisors worked with her to help her develop a financial plan. When Davis became mortgage ready, HomeFree-USA worked with Citi to get her to closing day.

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HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. To top it off, buyers sometimes ask sellers to pitch in for their closing costs, too — another 2% to 3% of the sales price. Property inspections. Typical seller closing costs.

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Housing Wire

FEBRUARY 10, 2021

“We are excited to work with innovative lenders like Sierra Pacific Mortgage to find ways to take time, touch and cost out of their collateral underwriting workflows,” said Sage Nichols, CoreLogic executive of client and business development. Are borrower-assisted inspections here to stay? to two loan files per day. .

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Housing Wire

JANUARY 31, 2021

By paying close attention to what they really need, Clear Capital ensures customers get the best valuation products without overpaying. ClearLabs has brought innovative solutions to the market, including OwnerInsight , a first-to-market homeowner-enabled appraisal inspection tool, available free to all lenders, appraisers, and AMCs.

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Housing Wire

MAY 23, 2023

To break into appraising, you need to essentially apprentice with an existing appraiser, and for them to spend that much time training you often requires them to already have a close relationship with you. The need to physically inspect each property will be replaced with data or other inspection options in many cases.

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Housing Wire

MAY 2, 2021

Efficient data collection with aggregation and next-generation market analytics can drastically impact the closing process. QVM Insights combines virtual inspection technology with industry-leading automated valuation services for professionals in the real estate ecosystem. Jeremy McCarty, Co-Founder and CEO of Valligent.

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Housing Wire

MARCH 11, 2022

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. But the goal is to close it in 17 days, except in North Carolina, which you can’t by law.”. Harlan Accola.

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The Residential Specialist

FEBRUARY 27, 2024

The Residential Specialist spoke with three CRSs who have worked with buyers in this sector, primarily with builders/developers (as opposed to an individual architect or custom home builder), and they all have great things to say about making this work for their business. The site agent will also help coordinate interim inspections. “I

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HomeLight

AUGUST 25, 2020

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. That’s 70 days — or a little over two months — from listing to closing. Every house, every market, and every individual sale will vary in terms of days on market and closing timelines.

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Housing Wire

AUGUST 3, 2023

The history of AI and where it is going The Turing Test was developed by Alan Turing in 1950. A functioning neural network was viewed as the pathway to develop AI capable of learning anything a human could, and perhaps becoming more intelligent than humans. It re-emerged in the AI scene in October 2012. What is next?

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Housing Wire

FEBRUARY 7, 2022

As part of the settlement agreement, Fannie Mae will pay $53 million, $35 million of which will go toward access to credit, property rehabilitation, residential development in African American and Latino communities and fair housing education, counseling and outreach. As of 2020, Fannie Mae’s REO portfolio is 17,500.

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Realty Biz

OCTOBER 21, 2023

Development financing for larger new construction projects and alternative financing approaches should also be considered. A spec home is a newly constructed residential property built by a developer or builder without a buyer already in place. What is a Spec House? The definition of a spec house is straightforward.

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Realty Biz

MARCH 12, 2023

Preparing For an FHA Inspection Before your FHA loan can be approved, your buying home must be inspected and appraised. The inspection will check the roof is in a good enough condition, the water is drinkable, and many other things. Most people do not know there are FHA inspection requirements for appraisals.

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Housing Wire

FEBRUARY 18, 2022

Further, Fannie notes, “Leveraging the wealth of big data, the power of advanced analytics, and the speed of technology, appraisers can perform desktop appraisals without physically inspecting the property.” ” Amazing, right? What about AVMs? AVMs don’t account for commercial influence.

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Housing Wire

DECEMBER 8, 2023

Topics include: Real estate license law, agency, contracts, real property, ownership, taxes, water law, land development and zoning, deeds and title transfer, escrow and settlement, fair housing, leases & more AZ Contract Writing Course: 6 hrs of required instruction. Post-Licensing CE $35 CE General Package: Required 6 hrs of coursework.

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Housing Wire

APRIL 22, 2024

If you opt for the handwritten note option, I’d shorten this by removing the last paragraph and jumping straight from the data to the closing sentence. Perhaps they don’t receive strong enough offers or struggle to address issues that arise at home inspection.

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Realty Biz

FEBRUARY 28, 2023

Department of Housing and urban development Yes, we know. HUD housing is a program offered by the Department of HUD or Housing and Urban Development. HUD homes are foreclosed properties with an FHA-backed mortgage taken over by the US Department of Housing and Urban Development after a homeowner defaults on their loan payments.

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RIS Media

APRIL 11, 2022

Your negotiation skills are paramount when closing deals for your clients. Manage the inspection. Connect with a local home inspector you trust, whose experience and expertise will identify every red flag during a home inspection. Make closing day easy. For more information, visit [link].

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Hank Miller Team

FEBRUARY 6, 2024

Developers use "down and away" as well. With all of the building, the amount of "impervious surface area" is closely watched by governing municipalities. Most have a percentage limit for each lot; roofs, streets, driveways, hardscapes, decks.water cannot permeate these materials so runoff develops. Down and away.

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Realty Biz

AUGUST 29, 2023

Regularly review your financial situation: Monitor your cash flow and closely monitor any potential budget deviations. While a new build has pros and cons , one of the most significant downsides is finding out the closing needs to be moved. Regular site inspections: Arrange regular examinations to monitor the construction progress.

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RIS Media

MARCH 9, 2022

Following that company’s acquisition, Connelly accepted a position to work with the parent company’s residential brokerage, managing business development and relocation. “The local HSA team works closely with our associates to educate them on coverage options,” she says.

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RIS Media

FEBRUARY 8, 2021

Preparing clients for those occurrences is a skill that agents and teams must develop to navigate a higher percentage of their clients’ transactions to successful conclusions. Timelines for a sale and closing can vary widely, so communicate that up front. This takes preparation and an effective attitude.

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Realty Biz

FEBRUARY 28, 2023

Being prepared for some of the most common pitfalls can make it easier to plan ahead and develop a strategy to avoid them. The letter can sometimes help your loan close faster, as the lender already has much of your financial information on file. Closing costs are usually paid upfront on the day your home purchase is finalized.

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Windemere Buying

JANUARY 22, 2024

While new homes occasionally spring up in established communities, most are built in new developments. New developments are better known for wider streets and quiet cul-de-sacs; controlled development; fewer above ground utilities; more parks; and often newer public facilities (schools, libraries, pools, etc.).

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HomeLight

MARCH 13, 2023

Receive your offer within a week and close in as little as 10 days. This includes the time it takes to sell the property, taxes on the property during the holding period, any necessary services (such as routine pool service), and costs associated with selling the remodeled property, such as closing costs and real estate agent commissions.

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Redfin

DECEMBER 18, 2023

Successfully closing on a house in today’s market is an achievement worth celebrating. After navigating through the phases of house hunting, making the offer, securing a mortgage, finally closing the deal, you might be wondering what happens next, besides moving in. Congratulations on your new home!

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McKissock

SEPTEMBER 6, 2021

Maintaining good communication with all parties involved in a real estate transaction makes closings smoother and faster. Keep reading to learn how you can better communicate with all parties involved in a real estate transaction, including sellers, buyers, other agents, lenders, and closing officers. Types of communication problems.

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Keeping Current Matters

DECEMBER 30, 2020

Most real estate agents have developed a strong Internet and social media strategy to promote the sale of your house. The inspection company, which works for the buyer and will almost always find challenges with the house. You need someone who’s working with lenders every day to guarantee your buyer makes it to the closing table.

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