Keeping Current Matters

JANUARY 26, 2021

It’s a professional evaluation of the market value of the home you’d like to buy. It’s also a different step in the process from a home inspection , which assesses the condition of the home before you finalize the transaction. Home Inspection. Here’s the key difference between an appraisal and an inspection.

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Housing Wire

MAY 3, 2024

Thanks to high mortgage rates , mortgage refinance rates, and even higher home prices , the vibe among homebuyers has been fairly bleak these past couple months. As a result, sellers who are winning in this market spent time making sure their homes are in show-ready condition. To that I say, timing is everything in real estate.

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Housing Wire

MARCH 18, 2024

Intercontinental Exchange (ICE) Mortgage Technology introduced two new tools, Validate ROV and Validate Selector, to its growing suite of property valuation solutions, the company announced on Monday. Regulators are paying close attention to valuations for many valid reasons.

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RIS Media

APRIL 14, 2022

Your mortgage lender might not require you to have a house inspected before you buy, but it’s probably still a good idea. Your lender will require an appraisal before it approves your mortgage application. What Is a Home Inspection? A home inspection is designed to protect a buyer. appeared first on RISMedia.

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Realty Biz

DECEMBER 5, 2022

One of the most vital phases of buying a house is having it inspected. Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. Things are starting to change in many real estate markets around the country.

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Housing Wire

APRIL 2, 2024

Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year. Chicago, I think, is suffering more than most markets in the United States. Steinway, who closed more than $1.5

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RIS Media

MAY 13, 2021

Many buyers in today’s red-hot real estate markets are tempted to forego the home inspection. First, the home inspection allows the potential buyer to learn about any major defects or damage that will need to be addressed. Second, the home inspection can reveal potentially dangerous conditions.

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Housing Wire

OCTOBER 1, 2020

Realtor.com and Rocket Mortgage , two of the biggest companies in the digital real estate space, have formed a key advertising partnership that their competitors are sure to notice. It’s being rolled out in hundreds of test markets. Rocket, when it was known as Quicken , had purchased digital ads and leads through Realtor.com.

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Housing Wire

OCTOBER 28, 2021

The firm announced Wednesday that it has acquired Denver-based digital mortgage automation and point-of-sales software company Floify. The post Porch acquires mortgage software firm Floify for $90M appeared first on HousingWire. The acquisition cost Porch about $76.5 Floify was founded in 2012 by Dave Sims, who is CEO of the company.

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Realty Biz

OCTOBER 19, 2022

The home inspection is part of the process that can lead to problems, but what does a home inspector do? The home inspection is the buyer's opportunity to get a professional opinion on the home's condition. If you are unsure about what does a home inspection cover, we take a look so that you are better informed. Others do not.

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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. Getting approved for a mortgage depends largely on the outcome of an appraisal. Mortgage lenders want to make sure the property is worth the sale price.

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Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. Mortgage interest rates have risen quickly in the past few months further eroding affordability. However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years.

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HomeLight

MAY 31, 2022

It’s natural to wonder, “Can I get a free home inspection?”. In order to understand what you can and can’t receive for free, it’s important to know what role your home inspection plays in a home transaction. During a home inspection, a professional will scope out the home and assess its condition, structure, and safety.

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Realty Biz

DECEMBER 16, 2023

This article will concisely explain the crucial role sewer inspections play in home maintenance and how they help to alleviate Burleson's drainage dilemmas. Understanding Sewage and Drainage Problems To fully grasp the importance of sewer inspections, it's vital to understand the different types of drainage issues residents might encounter.

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Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. In today’s market, having a preapproval, at the minimum, is a must. What steps must they take to achieve loan commitment?

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Housing Wire

OCTOBER 14, 2020

A conversation on mortgage capital markets wouldn’t be complete without data. Richard Koss of Recursion will set the stage with data on how capital markets participants are driving channel growth with data specific to retail, correspondent and brokered loan volume. Watch the full session below. Watch the full session below.

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Housing Wire

OCTOBER 27, 2020

The real estate market is hot right now, and bidding wars are the norm in many parts of the country. These contingencies are all designed to protect you as a borrower — to make sure you’re getting a safe and habitable property, that you have the funds to pay for it, and that you’re not stuck paying two mortgage payments at once.

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Realty Biz

MARCH 28, 2023

VA appraisals and VA inspections are often confused, but they are different. A VA appraisal is similar in some ways to the appraisal with a conventional mortgage, but they do more to protect buyers. There are VA loan inspection requirements for appraisals that buyers, sellers, and real estate agents should know.

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Housing Wire

JUNE 7, 2022

From mortgage origination to servicing, companies are constantly grappling with high volume and stringent regulatory oversight while managing a large cohort of vendor partners. Smaller mortgage originators often deal with this problem by throwing more people at it. Two data degrees of separation. Challenge 2: Shrinking margins.

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Housing Wire

OCTOBER 5, 2021

This is slightly higher than the number of buyers who reported purchasing a home without a mortgage (68%). One such way a buyer could make their offer more appealing is by waiving an inspection. Overall, sellers were typically white (72%) and selling in suburban areas (51%) in the South (41%).

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Housing Wire

JUNE 22, 2021

These are the words real estate agents use when asked to describe the current state of the market and what it’s like to buy a home today. Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. The post Is this housing market affordable for the average shopper?

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RIS Media

SEPTEMBER 7, 2021

We recently distributed a press release urging homebuyers to beware of the consequences associated with waiving the home inspection in the booming seller’s market we’re currently experiencing. The hot seller’s market, which is occurring all over the U.S. The national release garnered over 2.2

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Realty Biz

JANUARY 7, 2021

The fact is that another round of negotiations is frequently needed after the house is professionally inspected. Nor should the inspector be involved in a second round of negotiations after the inspection. Risks of Waiving a Home Inspection. In a seller’s market, the buyer has probably submitted a top-dollar offer.

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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. That’s likely because those strategies are so common in a competitive market. The result: a bottleneck with scores of would-be buyers in a low-inventory market. You won’t win the bidding war.

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Housing Wire

MAY 9, 2023

“For example, there could be an appraiser already visiting a neighborhood for an inspection on a given day that would also be able to pick up an extra assignment in that area and get the appraisal done quickly,” the company said. With the Appraisal Marketplace, we’ve made getting an appraisal done as simple as ordering a ride from Uber.

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Housing Wire

OCTOBER 9, 2020

Changes to capital markets have been fast and furious over the last year in housing. “Changes in culture, society, how we all work and live – it all ends up in capital markets,” said Richard Koss, chief of research at Recursion Companies. By some accounts, the growth timeline has been compressed five years.

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Realty Biz

MARCH 13, 2024

While rising prices and mortgage rates present challenges, it’s still possible to find your dream home with the right strategy. This article explores the key factors home buyers need to know about the Maryland housing market this year. Conduct thorough property inspections to uncover any issues needing negotiation with the seller.

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Housing Wire

FEBRUARY 1, 2023

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. The loan will cover an 11-month maximum build period with a one-month modification.

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Housing Wire

AUGUST 5, 2022

With tech solutions and automation dominating more and more of the mortgage experience, the appraisal process can feel a bit dated, often causing significant slowdowns. Borrowers have lots of options and high expectations for service in today’s market — leveraging these new options is one way for lenders to set themselves apart.

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Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

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Lighter Side of Real Estate

AUGUST 16, 2022

The most common ones are: Mortgage contingency: If the buyer’s mortgage isn’t approved, they can back out of the contract. Home inspection contingency: If the buyer finds major structural or operational issues with the house, they can request that repairs be made, or cancel the deal if the seller won’t agree to their requests.

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CT Homes

MARCH 8, 2021

Should you get a rental property inspection before signing a lease? A home inspection is the norm when you buy property, but they’re virtually unheard of for renters. If you ask for a rental property inspection before signing a lease, are you just being a pain, or are you making a smart decision? Is that a big mistake?

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HomeLight

AUGUST 23, 2021

Now it’s time to start moving through the process of finalizing the sale, which includes getting an inspection of the property. While they aren’t necessarily required by your mortgage lender, a home inspection is an important part of your home purchase. But how long will this inspection take? What is a home inspection?

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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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Redfin

OCTOBER 11, 2023

Whether you’re eyeing homes for sale in Reno’s picturesque neighborhoods or considering houses in Las Vegas’ bustling cityscape, a thorough Nevada home inspection needs to be on your homebuying to-do list. Why should you get a home inspection in Nevada?

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Realty Biz

OCTOBER 17, 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. What should I be looking for from a well inspection company? When buying a home there are many types of inspections a potential buyer can conduct.

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Housing Wire

NOVEMBER 7, 2023

Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. Offer them solutions to get a better-than-average mortgage rate. For Sale By Owners are the same. This is where being proactive matters.

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