Housing Wire

OCTOBER 29, 2021

HousingWire recently spoke with Dave Steinmetz, Division President of Origination Services for ServiceLink, on what tools lenders should leverage to streamline home equity title and closing. HW: How does ServiceLink leverage technology to streamline home equity title and closing?

Title 361

Title Title search Equity Inspection 361

Housing Wire

DECEMBER 14, 2022

During the moratoriums, all of our post-foreclosure sales work, the REO, the post-sale, FHA work really almost went to zero,” said Michael Greenbaum, COO of Safeguard Properties. In October, the company added more than 275 subcontractors that complete inspections, preservation and yard/snow services to its network.

Inspection 394

Inspection Technology Equity Investor 394

Housing Wire

FEBRUARY 7, 2022

Amid protests set off by George Floyd’s death, Fannie Mae ’s CEO issued a public statement about its commitment to racial equity. I told him, ‘We have this serious racial equity issue still pending, and I hope Fannie Mae is serious about it.’” Instead, investors bought the run-down properties in bulk sales.

Equity 383

Equity Inspection Real-estate owned Residential 383

Hank Miller Team

NOVEMBER 22, 2022

There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. They are hired to ensure that the lender has adequate equity to cover the amount borrowed should the lender be required to take the home back. What is a Home Inspection?

Inspection 52

Inspection Lending Equity Agents 52

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. You’ll want to include the list price, sale price, and days on market. Your neighbors at (address) just sold their property for (sale price). I’m sure you’ve seen the for sale sign in the yard at (address).

Brokerage 422

Brokerage Investor Agents Pre-approval 422

Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. There had been nearly one-third of buyers who waived an inspection or appraisal contingency, but the last month it fell to just over 20% for both.

Marketing 395

Marketing Inspection Sales Lending 395

HomeLight

FEBRUARY 6, 2024

Start Making Offers Without Waiting to Sell Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. Learn More What does contingent mean on a house listing?

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Inspection contingency Home sale contingency Inspection Finance 105

HomeLight

JANUARY 31, 2024

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. Inspection contingency: This gives the buyer the right to have the property inspected within a certain timeframe.

Purchase and sale agreement 101

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 101

Housing Wire

JUNE 30, 2021

Home values have increased over the past several months and consumers are realizing there is more equity in their homes than anticipated. This realization has increased demand for wholesale lenders and brokers as borrowers look to refinance, cash-out refinance or otherwise take advantage of the equity in their homes.

Closing 199

Closing Title Lending Inspection 199

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

Sales 92

Sales Purchase and sale agreement Due diligence Inspection 92

CT Homes

MARCH 7, 2024

The Role of Equity Equity is the portion of your home that you truly “own” — the difference between your home’s market value and the outstanding balance of your mortgage. This figure represents how much you need to pay to settle your mortgage in full at the time of sale.

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Purchase and sale agreement Mortgages Equity Short sale 78

Housing Wire

JULY 20, 2023

No rehab for them and no inspection woes for you. They may have a downpayment saved that isn’t their home equity. They might use a bridge loan to borrow their equity, close on the next home and then sell the old one. First, many builders are buying down interest rates using their in-house financing. range currently!

Equity 284

Equity MLS Construction Agents 284

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.

Home sale contingency 103

Home sale contingency Purchase and sale agreement Inspection contingency Inspection 103

Real Trends

DECEMBER 27, 2022

How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents. A sale is considered pending until the seller formally accepts an offer from a buyer. It should be reassuring for all real estate agents that not many home sales fall through.

Sales 60

Sales Home sale contingency Pre-approval Inspection 60

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 The second reason we come across is speed and convenience.

As-is 91

As-is Inspection Equity Renovation 91

HomeLight

SEPTEMBER 30, 2020

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender. Short sales 101.

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Short sale Closing costs Closing Sales 98

HomeLight

JANUARY 3, 2024

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” In most cases, there are contingencies in the buyer’s offer that need to be cleared before the transaction is moved to the more solid “sale pending” status.

Purchase and sale agreement 101

Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 101

Housing Wire

DECEMBER 6, 2021

This friend, “placed some of her own family photos, depicting her white family” around the house “prior to the inspection.”. Besides the evidence drawn from the second appraisal, the Austin’s claim that Miller was biased because of the sales comparisons she used in valuing the home.

Development 395

Development Inspection Equity Mortgages 395

Housing Wire

JANUARY 14, 2022

In November, Rochester’s median home sales price was $154,838, according to Redfin , less than half of the national median that month of $335,519. That median sales price is up 3.8% In addition, the sale-to-list price ratio was 106.3% year over year, per Redfin, and the November 2020 price was itself up 12.4%

Agents 417

Agents Inspection Marketing Equity 417

HomeLight

MARCH 27, 2024

If you lack the resources for repairs, need to access the equity in your home immediately, or simply need to dispose of the property, these companies could be the answer. Sell Your Mobile House Fast With a Cash Offer Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready.

Inspection 62

Inspection Equity Closing Sales 62

HomeLight

OCTOBER 11, 2021

You see a house you love, but the listing shows that it is an “active pending short sale.”. And just what is a short sale, anyway? Is a short sale home purchase for you? And can you still make an offer on an active pending short sale? Short sales defined . What causes a short sale? Wait, what?

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Short sale Sales Banks Backup offer 74

CT Homes

SEPTEMBER 29, 2022

A home or residential property appraisal helps establish a home’s market value, or the likely sales price that the property would fetch if offered in a competitive real estate market. A home appraisal is typically centered around the research of comparable home sales nearby. Sales price of comparable homes in the neighborhood.

Inspection 87

Inspection Equity Loans Lending 87

HomeLight

JULY 31, 2020

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale. How do short sales work?

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Short sale As-is Purchase and sale agreement Sales 96

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. Diagnosing low H4P uptake. of all endorsements in 2021. Real estate agents hate dealing with call centers,” he says.

FHA loan 370

FHA loan Due diligence Loan Officer Loans 370

Realtor.com

FEBRUARY 11, 2021

One of the major benefits of being a homeowner is building equity with each mortgage payment, instead of putting money into your landlord’s pocket. Closing costs are used to pay for items such as appraisals, inspections, and much more. Buying a home involves more money out of pocket than just the down payment,” says Michele D.

Closing costs 145

Closing costs Debt-to-income ratio Inspection Closing 145

RIS Media

JANUARY 19, 2022

Real estate agents representing buyers who purchase a share of a Pacaso earn a generous referral commission, along with the opportunity to earn equity rewards. Pacaso manages the entire process, from scheduling a home tour and answering client questions, to managing inspections, escrow, title and reporting. “As That is huge.

Property Management 98

Property Management Inspection Title Equity 98

Real Trends

OCTOBER 21, 2022

Are we on the all-new crazy train, destined to crash off the cliff in a pile of short sales and foreclosures? Are distressed sales headed to your market? The headlines say that the influx of active listings will drive prices down, reduce the velocity of sales and, consequently, wreck the market. Is the bubble bursting?

New Construction 105

New Construction Equity Short sale Construction 105

HomeLight

JULY 25, 2022

One of the world’s oldest sales maxims remains especially relevant in real estate transactions. While they typically report to people on the other side of the transaction, the appraisal and inspection report generated by these professionals can impact your bottom line. Caveat emptor. Let the buyer beware.

Inspection 95

Inspection Pre-approval Loans Finance 95

RIS Media

SEPTEMBER 21, 2020

Approved for short sale : A term that indicates that a bank has approved a homeowner for a reduced listing price on a home, and said home is ready for resale. Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction. The fee, usually 0.3 – 1.5

Pre-approval 90

Pre-approval Pre-qualification Title search Inspection 90

Rent, Buy & Sell

JUNE 11, 2021

Keep reading to learn six common mistakes people make when they list their homes for sale. You’ll be expected to repair any issues after the home inspection process. Winter is often a slow period for home sales. You’ll end up with two mortgages after the sale and not walk away with any money.

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Due diligence Inspection Staging Equity 105

CT Homes

FEBRUARY 13, 2024

Cons : Possible need for temporary housing if there’s a gap between sales. Review your savings, equity in your current home, and your ability to manage two mortgages, if it comes to that. Prepare your home for sale by decluttering, making necessary repairs, and staging it to appeal to potential buyers.

Pre-approval 75

Pre-approval Inspection Mortgages Staging 75

Realtor.com

JANUARY 2, 2023

In other words, while a new-construction home might have a sales price that seems more expensive upfront, it’s actually saving a buyer from having to replace, upgrade, or “bring to code” elements of a previously owned home, which could cost tens of thousands of dollars. ” 2. .

New Construction 105

New Construction Construction Pre-approval Inspection 105

Redfin

JUNE 11, 2021

You’ve gotten preapproved for a home mortgage, found your dream home, negotiated an agreeable sales price, successfully maneuvered through the home inspection process, and finally, you have a fully executed sales contract in hand for your new house. . You’ve just bought a home with some equity already built in.

Inspection 84

Inspection Closing costs Equity Closing 84

HomeLight

AUGUST 3, 2023

Sell Your Idaho House Fast With an All-Cash Offer Get an all-cash, no-obligation offer on your Idaho home through HomeLight’s Simple Sale platform whenever you’re ready. Settling an estate: If you’ve inherited a property you can’t maintain or don’t want to keep, a swift sale can resolve the issue.

Inspection 71

Inspection Sales Equity Closing 71

HomeLight

JULY 28, 2023

Sell Your Maine House Fast With an All-Cash Offer Get an all-cash, no-obligation offer on your Maine home through HomeLight’s Simple Sale platform whenever you’re ready. Health issues: A sudden health crisis might require a fast home sale for easier access to medical care or to be closer to supportive family members.

Inspection 80

Inspection Sales Equity Closing 80

HomeLight

JULY 7, 2023

Let’s venture into the world of quick home sales together! Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Facing foreclosure: A speedy home sale can help you avoid foreclosure, possibly preserving your credit score. Need to Sell Your House Fast in Illinois?

Land 80

Land Sales Inspection Equity 80

HomeLight

JUNE 28, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. This simple guide will cover each option in detail so you can make an informed decision for your home sale. HomeLight’s Simple Sale platform connects you to the largest network of cash buyers in the U.S.,

Investor 69

Investor Inspection Staging Equity 69