Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? Appraisals are required for homes financed with any type of mortgage. The appraiser inspects the property An appraiser visits the property and conducts a visual inspection of the home’s condition. Not necessarily.

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CT Homes

JANUARY 1, 2023

If your buyer’s financing fell through at the last moment, it’s likely due to an obstable encountered along the way, but by anticipating those fallbacks, you can hopefully identify a solution. In this post, we’ll cover the main contingencies lender-financed offers typically have and the main drawbacks of such offers. 5 Common Reasons.

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Keller Williams

AUGUST 17, 2022

The current real estate market may be shifting, but there is still plenty of opportunity for agents. Over the next several months, the housing market will be more in line with pre-pandemic market conditions,” shares KW chief economist Ruben Gonzalez. Now is still a great time to get home financing.”.

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Realty Biz

MARCH 28, 2023

VA appraisals and VA inspections are often confused, but they are different. There are VA loan inspection requirements for appraisals that buyers, sellers, and real estate agents should know. There are VA loan inspection requirements for appraisals that buyers, sellers, and real estate agents should know.

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Realty Biz

MARCH 13, 2024

This article explores the key factors home buyers need to know about the Maryland housing market this year. Getting Pre-Approved For A Mortgage In a seller’s market like Maryland, getting pre-approved for a mortgage loan should be one of the first steps for hopeful buyers. Consider keeping your finance contingency for your protection.

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Housing Wire

JANUARY 3, 2024

Don’t talk about how busy you are, about a deal you’re trying to save, inspection and financing drama, or how you’re going to be out of town for two weeks. Tim and Julie have been real estate coaches for more than two decades, coaching the top agents in the country through different types of markets.

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Realty Biz

SEPTEMBER 18, 2021

As an investor, you should know your local market inside out. You should instinctively have a good idea of the property value after a brief inspection. What’s different for hard money lenders is they often lend money outside of their local market. It will be based on what the market values the property at.

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CT Homes

JULY 6, 2020

In this post, we’ll cover the main contingencies lender-financed offers typically have, and what the main drawbacks of such offers are. The most common contingency issue when dealing with “financed” buyers is getting final mortgage approval with the buyer’s lender. Financing Obstacles. Inspections.

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Housing Wire

MARCH 22, 2021

And a recent Redfin study confirmed that it’s the only sure-fire way to win that dream house in a market this crazy. And waiving the financing contingency is the second-most effective bidding-war strategy, Redfin officials said – improving homebuyers’ odds of winning by 66%. You won’t win the bidding war.

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Hank Miller Team

OCTOBER 4, 2022

As we get back to a normal real estate market, contingencies that buyers waived during the covid crazy months will return. Due diligence periods are back and with them, the main contingencies of appraisal, finance, and inspection. The Imperfect Home Inspection No home is perfect, ever. Low voltage wires particularly.

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Lighter Side of Real Estate

AUGUST 24, 2022

It’s an industry joke that some buyers request the seller to repair even the most minor issue found on a home inspection, like a leaky faucet for example. Even if the buyers did have an inspection, sellers could easily reply with a firm no, and the buyers would be fine with it. Are they all due to home inspection issues?

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Realtor.com

FEBRUARY 5, 2021

But before the sale is closed, you will need to clear several hurdles, one of which may be a termite inspection. While only a few states require it—and there is no federal law that mandates a termite inspection when buying a home—you might want to think twice before skipping it. Your lender may require it.

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Housing Wire

FEBRUARY 21, 2024

Curbio , a provider of pre-sale home improvement services that requires payment at closing, will provide its “Build Your Own Estimate” mobile app to NAR members, which offers free repair estimates for home inspections upon the upload of a PDF document. markets, according to the page.

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Housing Wire

JANUARY 27, 2023

Rent hike protections Nearly one-third of all rental units nationwide are financed with federally backed mortgages — and the blueprint may help curb some of the steep rent price increases for these properties. The focus will also be put on the multifamily market.

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Housing Wire

JUNE 23, 2022

In order to continue protecting the healthy functioning of the housing finance market as the impact of COVID-19 lingers, issuers still need these prudent flexibilities to help manage persistent operational challenges,” said Alanna McCargo, president of Ginnie Mae, in a statement. 30, 2022.

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Housing Wire

DECEMBER 24, 2020

The SPAC route got Porch onto the public market a full year earlier than would have been possible through a traditional IPO, said Matt Ehrichman, Porch’s CEO. acquisitions, divestitures and financings) of the Company.” ” Porch, founded in 2013, has had challenges on its journey to becoming a public company.

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HomeLight

MARCH 7, 2024

You’ve planned, juggled finances, worried about finding the right house, and then you finally sign a contract. This comprehensive document details everything from the purchase price, down payment, and financing terms to contingencies, closing dates, and any specific conditions both parties must meet before the sale can be finalized.

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Realty Biz

SEPTEMBER 11, 2023

During this stage, various contingencies, inspections, and other conditions may need to be met before the sale is finalized. Here are the key factors that can disrupt the path to a closed real estate deal: Financing Issues One of the most prevalent causes of deals falling through is financing problems.

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HomeLight

MAY 8, 2024

However, it’s important to note that selling a house “as is” usually means accepting a lower offer than if you sold on the traditional market. We Buy Houses operations buy “as is” properties at a discounted rate compared to a traditional market sale and will generally seek out homes in need of significant repairs.

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BAM Media

MAY 7, 2024

Strategy #1—Leverage local market information One of the worst things you can do is say something like, “ Hey, Wendy, I’m checking in. The first is going to be leveraging local market information. They want to know what’s going on in the local market. How are you? That will get people excited. Are you kidding me?

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Realtor.com

JANUARY 9, 2023

” It was September 2022—a terrifying moment in the mortgage market where, over the past year, interest rates had more than doubled from the 3% to 7% range. “We spoke to the owner about owner financing,” Shirshikov says. ” Dennis Shirshikov bought this house with owner financing. .”

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Realty Biz

JULY 6, 2022

It is not unusual for real estate markets to change. Quite often real estate markets stay the same for quite a while and then something happens that causes a shift. Sometimes it is the general economy, other times it could be interest rates moving significantly up or down, and possibly the stock market changing drastically.

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Realty Biz

OCTOBER 21, 2023

First-time Spec house builders need to understand the nuances of financing to ensure successful projects. From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Challenges and Opportunities The world of spec house financing presents both challenges and opportunities.

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Realtor.com

JULY 13, 2021

In our current seller’s market, the national inventory of active listings is down 43.1% year over year, according to the Realtor.com June 2021 Housing Market Trends Report. But some buyers in especially tight markets are taking even riskier measures to beat out competitors: They’re removing contingencies.

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HomeLight

JUNE 9, 2023

These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. As of 2023, 79% of contracts included an inspection contingency while 82% contained an appraisal contingency. Until those contingencies are cleared, the house isn’t officially sold.

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HomeLight

SEPTEMBER 14, 2022

When home prices and mortgage rates fluctuate it can make your head spin, especially if you need to sell a house in a down market. To help you navigate a shifting housing market, we spoke with real estate agent Mari Slobounov, who is a business partner with the top-producing Lynn Holley Real Estate Group in Madison, Wisconsin.

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Redfin

JULY 7, 2021

If you are planning on selling your home , you might be wondering if you need a septic inspection. How often should you get a septic inspection? By having your septic system inspected frequently, you will be knowledgeable of any problems the system may have, or better yet, catch and correct any issues before they become a problem.

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HomeLight

DECEMBER 30, 2023

What buyer contingencies might put a listing back on the market? Contingencies while ‘under contract’ Here are some common types of contingencies in residential home sales: Financing contingency: A financing or mortgage contingency safeguards buyers who need to finalize a home loan.

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Keeping Current Matters

MARCH 15, 2021

Today’s homebuyers are faced with a strong sellers’ market , which means there are a lot of active buyers competing for a relatively low number of available homes. Understand Your Finances. offers and is on the market for just 21 days. In a competitive market, it’s important to stay nimble throughout the negotiation process.

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HomeLight

JANUARY 12, 2024

Whether you’re just starting to explore the housing market or are in the midst of deciding whether to remove a loan contingency from an existing offer, this guide is tailored for you. We’ll also share how, as an existing homeowner, you can make a stronger non-contingent offer to get the home you want. What is a loan contingency?

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Keeping Current Matters

NOVEMBER 30, 2020

Today’s real estate market has high buyer interest and low housing inventory. A recent article from Freddie Mac offers guidance on making an offer on a home in today’s market. Understand Your Finances. These are both results of today’s competitive market, showing how important it is to stay agile and vigilant in your search.

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Realty Biz

JANUARY 29, 2021

2021 has continued to be frustrating for first time home buyer in Massachusetts as well as many of the metro markets throughout the country. While some areas are shoeing signs of the market weakening popular metro areas are continuing along the same vein as 2020. What Is Driving The Market in 2021? Understand You Are Competing.

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HomeLight

JANUARY 3, 2024

After you open escrow and the buyer submits a good faith earnest money deposit, some or all of the following contingencies may need to be addressed: The financing contingency will appear in contracts where a buyer needs to finalize a mortgage loan to purchase the home. It creates uncertainties, especially for anxious sellers.

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CT Homes

APRIL 4, 2024

Property Search and Offer : The duration of this step varies greatly depending on market conditions and buyer preferences. Home Inspection : Usually conducted within the first week after the offer is accepted, and it can take 3-5 days to receive the report. Once an offer is made and accepted, the closing process formally begins.

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The Residential Specialist

FEBRUARY 27, 2024

New home construction can be a profitable niche for real estate professionals who are willing to dedicate the time and effort By Myrna Traylor Most residential real estate professionals enter the real estate field with an eye on the largest market—resales of existing homes. The site agent will also help coordinate interim inspections. “I

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Easy Agent Pro

FEBRUARY 9, 2022

And smart real estate agents on jumping on the TikTok marketing for real estate trend to reach new buyers. How To Use TikTok marketing for real estate. You can also go live when using TikTok marketing for real estate, which means that you can do a live video feed where other users can interact with you. What Is TikTok?

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Lighter Side of Real Estate

MAY 20, 2021

Between record low inventory and high buyer demand, today’s real estate market is one of the most seller-friendly in recent history. And that seller-friendly market is driving some serious expectations among homeowners. Just because the market is hot doesn’t necessarily mean your house will sell overnight, or for as much as you hope.

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