Keeping Current Matters

SEPTEMBER 7, 2021

According to the Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly – on average, they’re selling in just 17 days. Average days on market is a strong indicator of buyer demand. As a seller, that’s great news for you. Bottom Line. Don’t delay.

Equity 258

Equity Days on market Mortgages Sales 258

Housing Wire

APRIL 22, 2024

I would be happy to give you an equity analysis and let you know how much equity you have in your home. I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market.

Brokerage 374

Brokerage Investor Agents Pre-approval 374

HomeLight

JANUARY 22, 2024

Matt Megel , managing partner with CAZA Group , which sells homes 85% faster than the average Virginia agent, says that unlocking their home’s equity on a budget is one of the main drivers for homeowners wanting to sell their property “as is.” “One Skip repairs and close in as few as 10 days.

As-is 92

As-is Inspection Equity Renovation 92

Broke Agent Media

MAY 8, 2023

housing market are contending with low housing inventory and high mortgage rates. Many sellers are likely future buyers too, which may be why a majority of would-be sellers report feeling ‘locked in’ to their current home because of a low mortgage rate, especially younger homeowners. Buyers in the U.S.

Marketing 52

Marketing Days on market Equity Sales 52

Lab Coat Agents

MAY 1, 2024

VA loan assumptions offer a fantastic opportunity for your clients to save thousands on their mortgage in a rising interest rate environment. When a buyer assumes a VA mortgage loan, they take over the seller’s existing loan balance and current interest rate. What is a VA Loan Assumption?

VA loan 52

VA loan Loans Debt-to-income ratio FHA loan 52

Real Trends

JANUARY 2, 2023

You can remind your clients that paying rent is still paying a mortgage —just someone else’s. For example, homes priced at $600,000 and below are most influenced by mortgage rates. Meanwhile, homes priced over $1,000,000 are least influenced by mortgage rates. No longer will your buyers be competing with 30 other offers.

Seller concession 99

Seller concession Agents Mortgages Equity 99

Real Trends

DECEMBER 8, 2022

In addition, Altos reports that the 7-day average for the number of days a property has been on the market, which is an indicator of the pace of the market, has jumped from an average of 26 days in late May 2022 to an average of 82 days for the week ending in December 2nd.

Marketing 102

Marketing Agents Days on market Equity 102

Realty Biz

NOVEMBER 9, 2022

Bills Q&A will answer the most difficult questions for real estate agents, DIY, first-time home buyers, and mortgage lenders email your questions now to billgassett@remaxexec.com. A professional appraisal is often conducted when a home buyer gets financing assistance from a mortgage lender.

Agents 75

Agents Equity Mortgages Days on market 75

HomeLight

AUGUST 20, 2021

Mortgage payoff. About 66% of residential properties in Connecticut are owner-occupied , and 68% of those homes have outstanding mortgage debt. This means that most Connecticut home sellers need to pay their remaining mortgage balance before transferring the property title to a buyer. Loan reconveyance fee. Recording fees.

Closing costs 109

Closing costs Closing Title search Title 109

Realty Biz

MAY 15, 2022

Days on market is always an essential home selling statistic. You may also glean some helpful selling points for the way other like homes were marketed. When a buyer is using a mortgage lender, on most occasions a home appraisal will be required. For example, how long were other homes listed for sale?

Sales 140

Sales Agents MLS Equity 140

HomeLight

JANUARY 18, 2023

If you’re like most homeowners, you’re eyeing the home equity market with caution – or flat-out worry. The housing market is cooling off quickly, and it could continue to spiral in the coming year. That means you’re probably concerned you’ll lose equity and are wondering how much value you might miss out on in the coming year.

Equity 87

Equity Marketing Loans Principal 87

Windemere Buying

APRIL 11, 2022

Advocates of buying will contend that purchasing a home is an investment in equity, which can increase in value every year you live in the home, whereas if you rent a property, you’re essentially paying for someone else’s mortgage. you could use the rental income to pay off your mortgage faster and contribute more to your savings.

Pre-approval 52

Pre-approval Loan Officer Loans Property Management 52

HomeLight

AUGUST 25, 2020

Every house, every market, and every individual sale will vary in terms of days on market and closing timelines. In fact, 24 days from list to offer is pretty swift, historically speaking. In the current pandemic climate, some closings have dragged on more like 60 days. Your sale could be different.

Closing 120

Closing Pre-approval Inspection Days on market 120

HomeLight

JUNE 8, 2021

And that doesn’t account for the weeks needed to clean, paint, and tidy up the property for its market debut. If you don’t have the patience for this timeline, including the 49 days you’ll spend waiting for a traditional buyer’s mortgage to wrap, you’ll need to get creative with your plans. Thankfully, you do have options.

Short sale 109

Short sale Agents Sales Days on market 109

Real Trends

DECEMBER 27, 2022

Before a mortgage is approved, lenders will have a property appraisal. On the buyer’s side, if a property’s appraised value is lower than the contract’s value, the mortgage may be declined; the mortgage may be approved if the buyer contributes cash up-front (to make up for the difference in value). Asynchronous appraisal.

Sales 60

Sales Home sale contingency Pre-approval Inspection 60

HomeLight

JANUARY 27, 2021

Ready to hit the market, buy your dream home and conquer this whole homeownership thing? But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. Getting a mortgage can be a stressful and frustrating process. Paying mortgage insurance isn’t that big a deal.

Closing costs 117

Closing costs Loans Inspection Earnest money deposit 117

HomeLight

JANUARY 3, 2023

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Average days on market : 46 (November 2022). Fast Facts for Selling Real Estate in Colorado.

Purchase and sale agreement 100

Purchase and sale agreement Inspection MLS Inspection contingency 100

HomeLight

APRIL 21, 2023

If you need to sell your house fast in Phoenix, whether you’ve inherited a house, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. All of this impacts housing demand and prices.

Closing 90

Closing Investor Staging Agents 90

HomeLight

APRIL 26, 2023

If you need to sell your house fast in Los Angeles, whether you’ve inherited a house, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. 37% Selling price: listing price – 2.8%

Agents 81

Agents Closing Sales Staging 81

HomeLight

DECEMBER 15, 2022

In the last few years, the housing market has featured dramatic price hikes and rapid home sales. However, as the Fed attempts to fight back inflation, mortgage rates have marched to recent highs — with the average 30-year fixed mortgage leaping from 2.68% in December 2020 to the 6%-7% range in December 2022. While the 0.5%

Marketing 82

Marketing Mortgages Agents Equity 82

HomeLight

APRIL 29, 2021

The number of days on market (DOM), which marks how long a home is on the market before the seller accepts an offer, typically drops. In a balanced market, marketing time typically lasts around six weeks , according to The National Association of Realtors® (NAR). Your bank account will thank you!

Marketing 109

Marketing Sales Agents Construction 109

Redfin

DECEMBER 27, 2023

18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. In short: Record mortgage rates, high inflation, and persistently high housing and rental prices. Seasonal trends buckled. So what happened? compared to 5.2%).

Marketing 63

Marketing Mortgages Investor New Construction 63

HomeLight

DECEMBER 30, 2020

Check your equity to evaluate if you’re ready to sell. Before you contact a real estate agent, check your equity to know where you stand with your mortgage. At a minimum, you want to have enough equity in your home to cover the cost of selling your home (e.g., Outstanding mortgage balance ($300,000). =.

Agents 104

Agents Equity Staging Renovation 104

HomeLight

JULY 29, 2022

Or, you could wind up paying two mortgages for a while if you go ahead and buy that dream house before you’ve sold yours. Each option may have advantages that depend on market conditions. It helps to know where the market is now and where it’s headed. In a buyer’s market. The market in 2022 is slowly changing.

Debt-to-income ratio 109

Debt-to-income ratio Loans Rent back Equity 109

The Close

SEPTEMBER 8, 2022

homes spent a median of 14 days on market in June 2022—down 3 from 17 days in June 2021. sold below list price–and indication that the market is slowing. from May as escalating mortgage rates and housing prices impacted potential buyers. The amount of equity in mortgaged real estate increased by more than $3.2

Equity 139

Equity Agents Brokerage Closing 139

HomeLight

JULY 25, 2022

Primary reasons for this include lack of equity accumulated in the home and insufficient appreciation – an increase in property value. The market is the largest driver of price,” Gore says. In a seller’s market , prices typically rise, which could effectively boost equity in your home and increase appreciation.

Closing costs 93

Closing costs Equity Short sale Agents 93

Broke Agent Media

FEBRUARY 3, 2023

® going to homes outside the buyer’s current market. With mortgage rates falling to their lowest level in months and slowing home price growth, formerly benched home buyers are re-entering the market and enjoying the unique opportunity this market affords them. 20 days) Milwaukee (-8 days) Buffalo, N.Y. (-3

Days on market 98

Days on market Marketing Sales Equity 98

HomeLight

JULY 25, 2022

You can sell a home whenever you want, but expect financial consequences if you have little equity in it. There are a number of reasons for this, including lack of equity accumulated in the home and insufficient appreciation – an increase in property value. You can build equity and lower your tax burden.”.

Closing costs 90

Closing costs Equity Short sale Sales 90

RIS Media

APRIL 22, 2021

How the Industry Is Responding: “Consumers are facing much higher home prices, rising mortgage rates and falling affordability; however, buyers are still actively in the market. Days-on-market are swift, multiple offers are prevalent and buyer confidence is rising. For more information, please visit www.nar.realtor.

Sales 91

Sales Equity Days on market Construction 91

HomeLight

SEPTEMBER 1, 2022

Typically, the better the score, the greater your chances are of qualifying for an affordable mortgage. These are often loans in the form of a second mortgage with their own interest rates and payback requirements. of the mortgage loan amount. of the mortgage loan amount. Shop for a mortgage and get preapproved.

Earnest money deposit 94

Earnest money deposit VA loan FHA loan Loans 94

HomeLight

JUNE 29, 2022

Agents use the same factors as a home appraiser because they know that if your house fails to appraise appropriately, a buyer may not get a mortgage on it, and the sale could fall through. If the appraiser says that your home’s market value is less than the offer price, the buyers can negotiate the price down or back out of the sale.

MLS 108

MLS Seller concession Agents Sales 108

HomeLight

DECEMBER 2, 2021

If you’re “upside-down” in your mortgage (owing more than the property is worth), you have a few options. If you sell your house for less than you still owe on it, you may still remain responsible for making up the deficiency — the difference between the sales price and the outstanding mortgage balance. One of them is a short sale.

Short sale 84

Short sale Sales Loans Banks 84

HomeLight

JULY 28, 2022

Mortgage rates. Tools such as HomeLight’s Home Affordability Calculator can help you evaluate how much home you can afford, but moving can entail some costs that people often don’t consider up front, such as: Paying debt from your home equity. The median days on market in June was 14, with homes listed receiving an average of 3.4

Staging 105

Staging Closing costs Agents Closing 105

HomeLight

DECEMBER 15, 2021

So you’ve paid off your entire mortgage. To help decipher them, Mikki Ramey , a top real estate agent in South Carolina, and Richard Helali, a mortgage lending expert with HomeLight Loans , gave us some pointers. “But when the mortgage is paid off, people are gonna use that money for something. No mortgage payments.

Purchase and sale agreement 96

Purchase and sale agreement Home sale contingency Mortgages Loans 96

HomeLight

JANUARY 22, 2024

There are several reasons, which can range from a sudden change in circumstances, to the seller needing to access the equity in their home without making repairs. “It’s Before properties can be financed, their value and condition is typically examined by a state-licensed, independent appraiser contracted by the buyer’s mortgage company.

As-is 98

As-is Inspection Finance Investor 98

HomeLight

MARCH 10, 2023

According to Wise, putting in a little sweat equity on the interior work can improve your profit margin. “If Fannie Mae’s HomeStyle Renovation loan : This is a kind of loan offered by certain lenders that will finance the purchase of the property as well as the costs of the renovations — all wrapped up into one mortgage.

House Flipping 90

House Flipping Renovation Investor Finance 90

Redfin

DECEMBER 29, 2022

17 housing trends that defined the year, including record home prices and sky-high mortgage rates. The 2022 housing market was nothing short of remarkable. For the first time in history, mortgage rates doubled in the span of just one year. Mortgage rates ballooned to nearly 7% in response to record inflation.

Marketing 83

Marketing New Construction Construction Investor 83