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Thinking of selling your real estate brokerage? Here’s how to prepare

Housing Wire

This data becomes important at various stages of a transaction, and when it’s time to produce it, the process is radically easier if it is clean and organized. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract.

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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

The Urban Institute report, published in November 2023, shows that the average number of months from origination to repurchase between 2005 to 2008 (prior to and during the early stages of the global financial crisis ) was 46 months for Freddie Mac and 52 months for Fannie Mae.

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Underwriter shortage slowing the pace of private-label deals

Housing Wire

They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market. There’s absolutely been cases where you’re hoping to close by a certain date, and it gets pushed out 30 days because of due diligence [needs]. …It

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Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? That’s why we’ve put together this guide to due diligence for a homebuyer. Free Homebuying Due Diligence Checklist.

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You Just Sold Your House. When Do You Get Paid After Closing?

HomeLight

Maybe you’ve made it through the settlement and you’re still awaiting closing day , or perhaps you’re still negotiating with your buyer. Either way, you probably have one very important question on your mind: when does a seller get paid after closing on a home sale? So, you’ve accepted an offer on your home sale.

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Top Tips and Considerations For Buying Land

Realty Biz

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives. Next, we'll delve into making an offer and closing the deal.

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The Duties and Responsibilities of a Buyer's Agent

Realty Biz

Due Diligence and Research Buyer's agents are critical in guiding buyers through due diligence. This initial contact sets the stage for collaboration between the two agents throughout the transaction. The goal is a seamless transition toward the final stages of the purchase process.

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