Tue.Oct 06, 2020

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400,000 mortgage borrowers are “needlessly delinquent”

Housing Wire

There are about 400,000 mortgage borrowers “needlessly delinquent” as a result of the COVID-19 pandemic who did not use available forbearance options, according to a report from the Urban Institute. These are borrowers with mortgages backed by the federal government who could have gotten help by getting a forbearance agreement, a right given to them by the CARES Act passed by Congress at the end of March, according to the report by Laurie Goodman and Michael Neal.

Mortgages 515
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16 Questions To Ask a Home Inspector Before, During, and After a Home Inspection

Realtor.com

fstop123/iStock If you’re buying a house, you know that your home inspector will check it out and make sure it’s in decent shape. But if you want to get to know your home beyond its pretty facade, you should pepper your inspector with questions—a whole lot of them, in fact! But when you ask those home inspector questions is as important as what you ask.

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What renovations should you make before selling your home?

Housing Wire

With ever-waning levels of inventory, surging homebuyer demand and bidding wars on the rise, it’s clear that sellers have the upper hand this season. And while that certainly bodes well for homeowners (hello, more profits!) that doesn’t mean every property will sell in record time or for top dollar. Are you considering putting your home on the market?

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Cash Deposits When Buying a Home: What to Know

Point2Homes

Image: vinnstock / Shutterstock.com. Cash offers have traditionally been a great way to get a discount or encourage a reluctant seller. However, when it comes to mortgages, cash can suddenly lose its appeal. Nowadays, lenders want to know exactly where all your funds are coming from. For instance, using undocumented cash funds could create unexpected issues in a real estate transaction.

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Opendoor discloses that it’s under federal investigation

Housing Wire

Opendoor has officially filed its announcement to go public after announcing its merger with Social Capital Hedosophia Holdings Corp. II in September. But the filing also revealed that Opendoor is under investigation by the Federal Trade Commission over its advertising practices. According to the filing, Opendoor in 2019 received a civil investigative demand.

Title 450
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How low can we go? 30-year mortgage rate charts tell the story

The Mortgage Report

30-year mortgage rates chart with average 30-year rates since 1972. Rates have been dropping, but can they go lower still? Find out here.

Mortgages 145

More Trending

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Pros and Cons of Short-Term Rentals

Realty Biz

Until recent years, finding a place while traveling was synonymous with hotels or other professionally run establishments. In the past decade, however, the long-established order was revolutionized by the arrival of a new player on the market: short-term rentals. This newer form of hospitality represents an unprecedented opportunity for travelers — and also for investors.

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ALTA launches Good Deeds Foundation to strengthen communities

Housing Wire

The American Land Title Association announced at its ALTA ONE conference Tuesday that it is launching its Good Deeds Foundation to provide grants and sustain efforts to strengthen communities in crisis. The foundation will help the charitable efforts of its members in their communities and help those affected by national emergencies like COVID-19 or with housing needs.

Title 317
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Update your website’s real estate community pages for a boost in traffic

Easy Agent Pro

“Location, location, location” applies to more than just where a home is situated on the planet. If you think about it, the age-old mantra describes and rules your business. You sling real estate in a specific location. When a consumer needs an agent, they search for one in their location. As well, when they want to look at homes online, they further define their location by neighborhood or community.

Title 121
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Here’s how to get an instant offer on your home

Housing Wire

Gone are the days when you had to prep your home, market it and pay a costly commission to a real estate agent just to sell. Though that’s certainly still an option (and will probably net you more in profits), it’s no longer the end-all-be-all of home selling. Now, thanks to a trend called iBuying, all it takes is an internet connection and a little info about your home, and you can get an instant offer on your property in days — maybe even minutes. .

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Mortgage and refinance rates today, October 6, 2020

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose yesterday. It was the third day of similarly sized movements: up, down, back up. And conventional loans today start at 2.75% […].

Mortgages 107
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Finalize the closing disclosure earlier in the process using this collaborative platform

Housing Wire

The CoreLogic Title & Closing Solution offers an enhanced workflow designed to support lenders and vendors in the title and closing process. The Title & Closing Solution syncs order management, secures vendor communication and document transfer, encourages full compliance, and ultimately enhances consumer experience in home ownership. The solution allows lenders to securely and consistently interact with vendors.

Closing 203
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PGA Tour Heads to Sin City

Waterfront Properties

What happens in Vegas, stays in Vegas…unless you play on the PGA Tour over the next two weeks. Thanks to some scheduling changes due to the COVID-19 pandemic, the PGA Tour is taking up residency in Sin City over the next two weeks as it continues the fall slate of its 2020-2021 wraparound season. This week, the Tour heads to Las Vegas for its annual stop at TPC Summerlin for the Shriners Hospitals for Children Open.

As-is 102
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Orchard launches platform that digitizes home-buying process

Housing Wire

Home buying and selling marketplace Orchard announced the launch of a digital platform, Orchard Dashboard, that enables homeowners to manage the entire real estate transaction in one place. “The traditional way of buying and selling a home has barely evolved over the last 50 years,” Court Cunningham, CEO and cofounder of Orchard, said in a release. “The experience is almost entirely offline, requires the customer to coordinate between five different parties, and causes unnecessary confusion and

Lending 166
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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Motley Crue’s Nikki Sixx Ready To Rock Out of His $5.7M SoCal Mansion

Realtor.com

Slaven Vlasic/Getty Images, realtor.com The co-founder and bassist of Mötley Crüe, Nikki Sixx , has been living a relatively quiet life for the last several years in a gorgeous home in Westlake Village, CA. However, he’ll no longer be the rocker-in-residence in this quiet Southern California suburb if he has his way—he has recently put his Mediterranean-style mansion on the market for $5.7 million.

As-is 101
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Seller financing is risky. Use these mortgage programs instead

The Mortgage Report

Mortgage alternatives, like seller financing, lease-purchase, and contract-for-deed, are risky. And you might qualify for a mortgage without them.

Finance 113
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The Disadvantages of Overpricing Your Home

Point2Homes

Image: ShutterOK / Shutterstock.com. One of the toughest things about selling your home is setting the right asking price. It’s important to find the correct balance though, otherwise you may find yourself dealing with the following disadvantages. It Creates a Bad First Impression. When selling your home, first impressions matter because new listings generate the most interest.

Staging 98
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Although Home Prices Are Rising, The Cost of a Home Is More Important

First Team Real Estate

When it comes time to look for a new home the first thing you do is figure out a budget so you know what price range to search in. However, it’s important that you not only look at a home’s price but also consider the long-term cost of the house. That’s right, there can be a significant difference between the price of a home and the cost of it after everything is said and done.

Loans 98
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

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Former NFL Coach Steve Mariucci Selling $2.6M Condo in New York City

Realtor.com

realtor.com, David Rosenblum/Icon Sportswire/Getty Steve Mariucci , the former NFL coach, is prepped to take a loss on his New York City apartment. The NFL Network analyst has put the Upper East Side condo on the market for $2,595,000. The offensive guru purchased the three-bedroom pad in 2015 for $3.2 million, so he’s going to be sacked for a loss on the sale price.

Land 98
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Making Gutters Usefully Beautiful

RIS Media

One pleasure in buying an older home is the beauty of mature trees on your property and their dazzling display of fall colors when the weather turns cool. But, what happens to the leaves when they fall? . What you don’t want is leaves clogging your gutters, preventing them doing their most important job—to route roof water away from vulnerable areas of the home’s exterior and garden.

Design 96
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Toronto Detached Real Estate Prices Rise, While Condos Slip Lower

Better Dwelling

Greater Toronto real estate continued its suburban winning streak. Toronto Regional Real Estate Board (TRREB) data shows aggregate price measures soared in September. The market isn’t quite so clear cut when dissected though. Most of the hot activity is in the detached home segment, which is seeing prices and sale volumes rip higher. Condo apartments […].

Sales 96
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‘Silence of the Lambs’ Home Returns to the Market

Realtor.com

Alexis Zakis, Michael Ochs Archives/Getty Images Four years after it last changed hands , a Pennsylvania home that played a crucial role in “The Silence of the Lambs” is on the market again. The Queen Anne Victorian at 8 Circle St. in Perryopolis , which was built in 1910, is available for $298,500. The 2,334-square-foot home on the railroad tracks served as the fictional home of Jame Gumb, aka Buffalo Bill, in the Oscar-winning movie from 1991.

Marketing 101
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

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Preparing Your Home to Stand Against the Cold, Snow and Ice of Winter

RISMedia

By Anita Ginsburg With cold weather heading toward much of the country, you'll likely want to ensure that your home is ready to deal with the hazards of winter weather like ice, snow and cold temperatures. Don't assume that just because everything seems to be in good shape now that you won't experience any problems […]. The post Preparing Your Home to Stand Against the Cold, Snow and Ice of Winter appeared first on RISMedia's Housecall.

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Facebook? Twitter? Instagram? Which social media channels should you be on?

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Facebook? Twitter? Instagram? Which social media channels should you be on? Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. With limited hours in a day and dozens of social media channels, which ones should you be on?

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Daily Links: Cuomo Says Businesses Can Stay Open in Brooklyn’s COVID Hotspots

Brownstoner

In the News Cuomo Won’t Approve Closing of Businesses in Hard-Hit Areas [NYT] When COVID Flared Again in Orthodox Jewish New York [NYT] How the COVID-19 Pandemic Has Impacted NYC’s Hungry [NYDN] Brooklyn Pols Unveil Three-Part Plan to Combat Illegal Guns [BP] Some Orthodox Jews Bristle at NYC’s Response to Virus Surge [AP] BP Calls on… Read More > The post Daily Links: Cuomo Says Businesses Can Stay Open in Brooklyn’s COVID Hotspots appeared first on Brownstoner.

Closing 93
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Barrie’s Century 21 B.J. Roth Realty raises $42,000 for Easter Seals

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Barrie’s Century 21 B.J. Roth Realty raises $42,000 for Easter Seals. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Century 21 B.J.

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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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How Fast Does Equity Build During Homeownership?

RIS Media

Your home’s equity grows with each mortgage payment you make and with time. . According to Bank of America, you can calculate your equity based on current appraised value less any mortgages tied to your home. If your home is appraised at $400,000 and you owe $120,000, then your equity is $280,000. But that doesn’t mean you have savings of $280K; it just means that you have a general idea of how much your home will yield should you sell it at that moment, less closing costs, of course. .

Equity 87
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‘Burg Waterfront Condos Sue City Over Crumbling Green Space, Raucous Late-Night Parties

Brownstoner

The condo boards of three luxury developments along the Williamsburg waterfront are suing the city for upwards of $2 million, claiming Parks Department officials have failed to maintain the publicly managed green spaces and piers fronting their buildings for years, while also allowing raucous revelers to party late into the… Read More > The post ‘Burg Waterfront Condos Sue City Over Crumbling Green Space, Raucous Late-Night Parties appeared first on Brownstoner.

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Buying a Home in the Age of COVID-19

RIS Media

While the U.S. wrestles with social distancing and a disrupted economy, you may not feel it’s the best time to buy a home, but you may be missing a great opportunity. Many buyers prefer to wait and sit on the bench, giving you more access to homes with less competition. . The real estate industry is still very much in business, but there have been many changes in how homes are being bought and sold.

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6 Must-Know Recycling Rules That’ll Keep You From Doing More Harm Than Good

Realtor.com

MattGush/Getty Images Everyone knows that recycling is good for the environment. Most do their part to make the planet more green by regularly tossing items into the blue recycling bin. But as good as your intentions are, you may be doing more harm than good if you’re unaware of the most common recycling rules. For example, not every piece of plastic, cardboard, or aluminum belongs in the bin.

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.