Housing Wire

APRIL 26, 2021

Compass announced Monday that it has reached an agreement to buy San Francisco-based real estate transaction platform Glide , a deal that some California real estate agents may feel uneasy about. The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month.

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Purchase and sale agreement Agents Brokerage MLS 367

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada. “If

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Inspection Inspection contingency Purchase and sale agreement Residential 397

Housing Wire

JULY 26, 2021

This past December, my mother and father closed on their home of 35 years in Limerick, Ireland, after 10 months “in escrow.” They also recently closed on their purchase of a new home. They paid a 1% transfer tax, called the Stamp Duty, (which can be 2% or 3% depending on sale price) also assessed on the final sales price.

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MLS Purchase and sale agreement Brokerage Closing 383

Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If They will have to get on that listing side of things, which will be much harder as it is an earlier point of sale, as no one has even looked at buying the house yet.”

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Title Industrial Purchase and sale agreement Agents 398

Housing Wire

AUGUST 28, 2023

billion in production volume in the first half of 2023, refis accounted for $131 million and purchase loans consisted of $1.6 The lender’s gain-on-sale margin increased to 2.34% for the six months ended June 30, 2023, from 0.99% for the six months ended June 30, 2022. residential mortgages, the company said. on August 28.

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Purchase and sale agreement Loans Banks Finance 330

Realty Biz

SEPTEMBER 19, 2022

Question from Ellie in ID: Hi Brian, We had a purchase offer accepted more than four months ago but it hasn’t closed yet. If you’re having second thoughts and want to back out of an accepted purchase offer, things can get complicated. When you sign a purchase agreement for real estate, you’re legally bound to the contract terms.

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Purchase and sale agreement Finance Inspection Mortgages 97

Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? I’m not entirely sure. Maybe you can come up with a better analogy for me?

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Construction Sales Purchase and sale agreement Development 74

Housing Wire

JULY 13, 2021

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. Guaranteed Rate Affinity originated $13.4

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Purchase and sale agreement Brokerage Loan Officer Mortgages 294

Realtor.com

DECEMBER 6, 2021

You still have a marathon to finish before getting to the closing table. “And find out if and how they would want to handle the sale to a buyer found by the seller,” says Sylvia Jonathan , an agent at Coldwell Banker Platinum Properties in Irvine, CA. Watch: 5 Things to Do Before Listing Your Home for Sale.

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Purchase and sale agreement Agents Title Closing 116

Housing Wire

FEBRUARY 3, 2022

Incenter Mortgage Advisors was flooded with a surge of mortgage-servicing rights business in January — with bulk MSR sales approaching in one month what the firm normally tallies in an entire year. On average, historically, we’d be selling $100 billion to $125 billion [in MSRs] annually,” Piercy said. “The million to $23.7

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Purchase and sale agreement Marketing Equity Banks 356

HomeLight

DECEMBER 30, 2023

You may be building an online watchlist of homes you’re interested in seeing, but then you notice a label tagging your favorite property listing as “under contract” or “sale pending.” In this post, we’ll explain terms like “under contract,” “sale pending,” and “active under contract” and how they might impact your home-buying journey.

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Home sale contingency Purchase and sale agreement Inspection contingency Inspection 103

Realty Biz

MARCH 28, 2022

A contingent sale just means that some details still need to be worked out. National Association of REALTORS ® (NAR) statistics from 2021 say that only about 5% of sales fall through. After you find a house and have an accepted purchase agreement, the underwriting process for the mortgage begins. Answer: Hello Curt.

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As-is Purchase and sale agreement Debt-to-income ratio Sales 83

Realty Biz

SEPTEMBER 23, 2023

They provide services such as guiding buyers through the home buying process, offering expertise in the local market, and assisting with negotiation and closing. Buyer agents can provide valuable support in various situations, such as buying a new home or purchasing a foreclosure. What is a Buyer's Agent Agreement?

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Purchase and sale agreement Pre-approval Agents Pre-qualification 73

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. Making the Transition From Residential Agent to Commercial Agent. How Much Does Getting Your CCIM Cost in 2020? 4 Steps to Getting Your CCIM in 2020.

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Residential Design Agents Commercial 105

Toronto Realty Blog

AUGUST 21, 2023

TorontoRealtyBlog Consider the following scenario… A buyer makes an unconditional offer to purchase a property for $2,000,000, and that offer is accepted. Three months pass, and the the closing date is here! Unfortunately, the buyer is unable or unwilling to close. A week passes, then another. Then a month. Then a month.

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Purchase and sale agreement Finance Closing Brokerage 77

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 100

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 10, 2023

With such impressive sales figures, some sellers may be curious about how to sell a house by owner in California — a decision that could help them save on agent commissions. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Fast Fasts for Selling a House in California.

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Purchase and sale agreement Natural hazards disclosure Inspection Title 92

HomeLight

MARCH 31, 2022

price increase , pushing median sale prices to upward of $350,000. With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. Median sales price: $449,900 (Feb. 2022 , a 28.5% increase from the year. Request Estimate.

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Purchase and sale agreement Inspection MLS Inspection contingency 90

GeekEstate

OCTOBER 29, 2021

I’m excited to release Thomvest’s real estate technology market map, which includes more than 240 companies operating within the residential real estate segment. This market map real estate technology companies operating across every phase of the home purchase value chain. As such, we’ve included the Blend logo in those areas.

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Technology Marketing Purchase and sale agreement Equity 135

Easy Agent Pro

APRIL 8, 2024

The Art of Selling Real Estate Diving into the art of selling real estate, you’ll quickly discover that it’s much more than just closing deals; it’s about understanding your client’s needs, showcasing properties effectively, and mastering negotiation skills. And, of course, you can’t forget about negotiation.

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Agents Purchase and sale agreement Residential Title 81

HomeLight

APRIL 28, 2023

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. That 6% is deducted from the seller’s proceeds at closing.

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Purchase and sale agreement Inspection Title Inspection contingency 77

Housing Wire

MARCH 27, 2023

The North Carolina-based First Citizens announced on Monday an agreement with the Federal Deposit Insurance Corporation (FDIC) to acquire all of SVB’s deposits and loans that were moved to an FDIC-created bridge bank after the collapse. “We of the production was conventional loans and 49% consisted of purchase loans.

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Banks Purchase and sale agreement Loans Loan Officer 75

Realty Biz

APRIL 26, 2022

Lots of home purchases include personal property. Generally, the best way this is handled is for any personal property that will be part of the real estate transaction to be listed in the purchase agreement. In some cases, it can be appropriate to include a separate bill of sale for personal property.

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Purchase and sale agreement Land Closing Residential 78

HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Average home sale price in Florida: $530,419 (Jan 2022).

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Purchase and sale agreement Inspection Title MLS 92

Realty Biz

AUGUST 26, 2020

The central Texas powerhouse generated 1,829 transaction sides in 2019 equating to $489 million in sales volume. Today the firm is the second largest in Jonesboro with 64 agents producing $102 million in sales volume. million in sales volume in 2019 according to REAL Trends. It is ahead of last year’s sales pace.

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Purchase and sale agreement Branding Sales MLS 53

Realty Biz

MARCH 21, 2022

After all, he does want to see the sale close with a minimum of fuss. Those issues would be deal killers for the seller and need to be addressed before the seller can complete the sale to anyone other than an all-cash buyer. Cancel the sale based on major problems revealed by the report. Negotiate a new price.

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Inspection Purchase and sale agreement Sales Closing 82

RIS Media

APRIL 15, 2021

In real estate’s latest power move to claim the industry’s data and convert it into an all-in-one service, CoStar has reached an agreement to acquire home-search portal Homes.com for $156M in cash. According to CoStar, the transaction should close in mid 2021, “subject to customary closing conditions and regulatory review.”

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Purchase and sale agreement Residential Brokerage Technology 112

Marco Santarelli

MARCH 23, 2023

Promissory Note in Real Estate In real estate transactions, a promissory note is an essential document that helps formalize the terms of a loan between a borrower and a lender for the purchase of the property. It also includes details about the property being purchased and any conditions or contingencies related to the sale.

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Purchase and sale agreement Finance Loans Mortgages 52

Realty Biz

JULY 19, 2022

This article might be premature because across most of the country home sales continue happening rapidly. Many of these will be new investors that don’t have experience with the pre-foreclosures, short sales, and foreclosures, that occurred during the Great Recession. properties with a foreclosure filing. This becomes REO.

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Purchase and sale agreement Short sale Loans Inspection 102

HomeLight

OCTOBER 17, 2022

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. Before entering into a purchase agreement, the seller must inform the buyer of any known lead-based paint hazards in the home. Find Agent.

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Purchase and sale agreement Due diligence Earnest money deposit Inspection 94

Realty Biz

DECEMBER 28, 2020

There might be a prenuptial agreement, you might be in a community property state, or an equitable distribution state. Both spouses agree to defer a sale until a later date. If the sale is completed before the divorce becomes final, the equity will be split 50-50 or as agreed to at closing. One spouse buys out the other.

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Purchase and sale agreement Equity Sales Title 118

Redfin

APRIL 13, 2022

Simply put, a rent-to-own home is a residential property that you agree to live in as a rental for a set number of years with the option to purchase the house at the end of the rental term. With most rent-to-own agreements, the renter pays an additional monthly payment that goes toward the down payment. Purchase price agreement.

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Purchase and sale agreement Equity Mortgages Due diligence 66

HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit.

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VA loan Purchase and sale agreement Short sale Pre-approval 70

Realty Biz

JANUARY 12, 2021

It’s about working with a professional agent to narrow your search and help you navigate through the purchase process. Once you have an offer accepted, a whole new set of people start looking at the agreement to see if they approve. And the lender closely scrutinizes your finances up to the very day they approve the mortgage.

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Purchase and sale agreement Pre-qualification Pre-approval MLS 70

Realty Biz

SEPTEMBER 28, 2022

Most states mandate that homeowners fill out a residential disclosure form which includes specific disclosures about the roof. The appraiser will notice this form along with the purchase agreement. If a seller wants to sell their house for the top dollar, they may want to consider fixing their home before putting it on sale.

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Purchase and sale agreement Inspection Investor Closing costs 76

The Residential Specialist

MARCH 16, 2022

Clients count on their real estate professional to give them the information to help them make the best decision in their real estate purchases. Things like appraisal-gap clauses, waiving of inspections and non-refundable deposits have become more common, but provide less protection for a buyer in the purchase of a home.

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Purchase and sale agreement Inspection Agents Technology 52