Housing Wire

NOVEMBER 5, 2024

As an example of initiatives included in the new plan, the lender announced this week a joint venture agreement with Smith Douglas Homes , a top 50 homebuilder with a solid book of business in Southern states. Costs may increase as the company continues to add loan officers and operations team members. Origination volume was $6.7

Purchase and sale agreement

Housing Wire

JUNE 13, 2025

Stearns said the company’s disciplined cost structure has led to consistent profitability — without considering sales of mortgage servicing rights ( MSRs ) — which sets it apart from many independent mortgage banks ( IMBs ) that continue to operate in the red. As a group, IMBs posted a net loss of $28 per loan in the same period. “If

Mortgages

Housing Wire

NOVEMBER 12, 2024

billion in loans during the period — up 28% year over year. This is helping improve purchase affordability and opening up refinancing opportunities to lower monthly payments, plus housing inventory has increased from 3.4 million loans, Rocket’s servicing operations generated approximately $1.5 It originated $28.5 months to 4.3

Purchase and sale agreement

Housing Wire

MARCH 17, 2025

In mid-January, Pennsylvanias former attorney general Michelle Henry filed a kickback lawsuit against Barry Newhart and six mortgage entities he controls: Bright Financial Group , Conquest Mortgage , Flagship Home Loans , Legacy Mortgage Partners , Nittany Home Loans , MCT Financial , Conquest Holdings and Newhart Holdings.

Brokerage

Housing Wire

NOVEMBER 4, 2024

As a real estate reporter, it was not lost on me that the formal start of my house hunt would coincide almost perfectly with the real estate industry working through the nationwide implementation of the business practice changes outlined in the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement.

Purchase and sale agreement

Housing Wire

MAY 13, 2025

At the core of this strategy is Better s AI loan assistant, Betsy , which executed 127,000 consumer interactions in March. Another notable factor in accomplishing all three goals is Better’s partnership with NEO Home Loans , announced in January. “In January, we funded $2 million of loans for four families. .

Purchase and sale agreement

Redfin

MARCH 7, 2025

Comparable sales (comps) Reviewing recent sales of similar homes in your area, called real estate comps , helps determine a fair listing price. How to price your home for sale A good starting point is to get your Redfin Estimate , which gives you a ballpark figure of what your home is worth and what price you could sell your house for.

Sales

The Close

NOVEMBER 25, 2024

In this “How to Buy a Multifamily Property” guide, I’ll walk you through deciding which type of multifamily property you want to purchase, picking the right lender, and running the numbers to ensure profitability. Purchasing a multifamily property is an excellent way for investors to generate steady income.

Purchase and sale agreement

The Close

JANUARY 16, 2025

If youre looking to buy a home but have financial concerns or hesitations about bank loans, choosing the rent-to-own path is a great option, as opposed to the traditional mortgage path. A rent to own home is a type of real estate investment when a tenant purchases the property theyre renting after a specific time.

Purchase and sale agreement

The Close

NOVEMBER 7, 2024

Have a clear investment strategy and long-term goals before purchasing. Next, draft an operating agreement that outlines your company’s purpose, structure, and governance. Tax liens and auctions: Search for tax lien sales and foreclosure auctions. Stay updated on local and national real estate trends and regulations.

Hard money loan

Marco Santarelli

MARCH 27, 2025

According to Freddie Mac, the average rate on a 30-year fixed home loan fell to 6.65% for the week ending March 27, 2025. Over the life of a 30-year loan, even a small decrease can save you thousands of dollars. Increased Purchasing Power: With lower rates, you might be able to afford a slightly more expensive home.

Mortgages

Redfin

AUGUST 6, 2025

In real estate, “in escrow” refers to a specific phase of the homebuying process when a neutral third party temporarily holds important funds and documents while the buyer and seller work toward finalizing the sale. The escrow account holds the deposit along with important documents like the purchase contract, loan paperwork, and the deed.

Earnest money deposit

Redfin

JULY 7, 2025

But whether or not solar panels will make or break a home sale depends on a few key factors. When solar panels might negatively affect a home’s value A lease on the system: If solar panels are leased or under a power purchase agreement (PPA), the buyer may need to take over the contract and qualify with the solar provider.

Purchase and sale agreement

HomeLight

AUGUST 6, 2025

Get Started What is the closing process for a home sale? Your buyer’s possession date will depend on the specific terms of the purchase agreement. House closing timeline for sellers The home sale closing process typically takes 30 to 60 days, depending on factors like financing, inspections, and negotiations.

Closing

HomeLight

OCTOBER 31, 2024

Sell Your Inherited Home Quickly For Cash Request a no-obligation cash offer from HomeLight’s Simple Sale platform and receive a purchase quote in 24 hours. Each category includes specific documents to verify your authority and ensure a smooth sale process.

Purchase and sale agreement

Redfin

MAY 22, 2025

Its primary purpose is to assure the lender that the home’s value aligns with the loan amount. Lenders almost always require an appraisal when you’re financing a home purchase. Review comparable sales : The appraiser will analyze recent sales of similar properties in the area to determine a fair market value.

Inspection

Marco Santarelli

NOVEMBER 23, 2024

Conducting due diligence is essential before committing to a purchase. Cons: Time-consuming: It can take time to accumulate enough profits to purchase another property. How it works: Buy: Identify and purchase a property below market value, often one that requires some renovations or repairs.

Hard money loan

Redfin

JUNE 11, 2025

In real estate, contingencies are conditions included in a purchase agreement that must be met for the transaction to move forward. Appraisal contingency When a buyer finances a home, lenders require an appraisal to confirm the property’s value supports the loan amount.

Purchase and sale agreement

Redfin

JULY 17, 2025

However, the IRS may scrutinize the sale, especially if it’s below market value. To avoid tax issues, document the sale properly, follow fair market pricing, and treat the process like a typical real estate transaction. This ensures the sale is priced appropriately and helps prevent tax issues related to under-market transfers.

Purchase and sale agreement

Redfin

MARCH 4, 2025

15 documents to have before listing your home Collect paperwork that highlights your homes selling points for an accurate pricing strategy, additional documentation to pass on to the new owners and other real estate forms required for the sale. Particularly youll need the original purchase agreement and deed.

Purchase and sale agreement

HomeLight

JULY 16, 2025

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. The median sale price for homes in Southern California is approximately $888,000, marking a 0.9% What's Your Southern California Home Worth?

Purchase and sale agreement

Redfin

JULY 30, 2025

Key takeaways: A cash offer on a house means the buyer pays the full purchase price upfront without relying on mortgage financing. Even without liquid funds, buyers can explore bridge loans, private lenders, or creative financing to structure a cash-like offer. Both parties sign closing documents, finalizing the sale.

Purchase and sale agreement

Redfin

JULY 8, 2025

This notice informs the homeowner that they have missed a specified number of mortgage payments and are in default of their loan agreement. Address missed payments or initiate home sale Once a homeowner receives a Notice of Default, they have several options to address the situation.

Purchase and sale agreement

Marco Santarelli

APRIL 4, 2025

Refinance Rates : Similar to purchasing rates, refinance rates have also dropped, now averaging 6.49% for 30-year mortgages. Market Sentiment : Investor reactions to economic newssuch as tariffs, trade agreements, or changes in the stock marketaffect the demand for mortgage-backed securities, subsequently impacting mortgage rates.

Mortgages

Redfin

JANUARY 28, 2025

Assumable mortgages offer a unique alternative, allowing buyers to take over the sellers existing loan – potentially locking in a lower interest rate and saving money over time. From evaluating the loan terms to understanding the hidden costs, assuming a mortgage isn’t a decision to take lightly.

Loans

Redfin

JUNE 23, 2025

During the due diligence period, the buyer is allowed a set amount of time, typically outlined in the purchase agreement, to fully investigate the property before finalizing the sale. If the appraisal is lower than the purchase price, it can lead to renegotiation or an appraisal gap issue.

Due diligence

Redfin

JULY 10, 2025

After offer acceptance At the start of the due diligence period Purpose Shows buyer commitment and secures the contract Compensates seller for taking property off the market Applied to purchase? Credited toward the purchase price at closing Credited toward the purchase price if sale closes Fee amount 1-3% of the purchase price Often 0.1%

Due diligence

Redfin

JUNE 27, 2025

These can greatly affect both the quality of your purchase and your bottom-line expense. Whether you’re purchasing your first home in Phoenix, AZ or in Trenton, NJ , here’s what you need to know before starting the homebuying process. Take note of closing costs, loan terms, and any additional fees.

Pre-approval

Redfin

JULY 14, 2025

It’s designed to show the seller they’re serious about the purchase and typically ranges from 1% to 3% of the purchase price. If a buyer acts outside the bounds of that agreement, even unintentionally, and the deal falls through as a result, it can be considered a breach of contract.

Earnest money deposit

HomeLight

JULY 23, 2025

An as-is home sale means the seller isn’t planning to make repairs or offer credits for issues the buyer might find. The buyer understands they’re purchasing the property in its current condition. This type of sale often signals that things like an aging roof or a worn-out appliance may not be fully functional or have much life left.

As-is

Redfin

JULY 9, 2025

Whether you’re purchasing your first home or need a refresher, understanding each step in the home buying process timeline can help you avoid surprises and feel more confident along the way. It’s best to shop around to find the best rate and determine the best type of mortgage loan for you. Don’t just default to your current bank.

Pre-approval

Redfin

JUNE 5, 2025

Many cash buyers assume that by sidestepping a home loan, they also bypass the complex array of fees associated with closing. Sellers often prefer cash buyers because there’s less risk of a loan falling through, and the whole closing process can happen much faster. home purchases were made in cash in 2024.

Closing costs

Redfin

MARCH 18, 2025

When buying a home, youll likely come across the term earnest money – a deposit that shows the seller youre serious about the purchase. This deposit is usually between 1% and 3% of the homes purchase price, but the amount can vary based on the local market and the agreement between you and the seller. Do you get it back?

Closing

HomeLight

JULY 22, 2025

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. This timeframe, known as days on market (DOM), measures the period between the listing date and when a purchase agreement is signed.

Purchase and sale agreement

Redfin

JUNE 9, 2025

Because lenders base loan amounts on the appraisal—not the purchase price— buyers are typically responsible for covering this difference out-of-pocket. Prices increasing fast: Prices rise quickly in hot markets but appraisals rely on older sales data that may not reflect the latest trends. How does an appraisal gap work?

Purchase and sale agreement

Redfin

AUGUST 6, 2025

Amongst all the excitement and anticipation that comes with buying a home, it’s important to keep a realistic timeline of just how long it takes to purchase a house. In this Redfin article, find out how long it takes to buy a house based on the three most common scenarios – a cash offer, a mortgage, and a short sale.

Pre-approval

Redfin

AUGUST 5, 2025

Conveyance is when the property you’ve worked tirelessly to purchase becomes yours, and you’re transferred the deed and title. The tax can be imposed by state, county and city governments, and they vary widely – ranging anywhere from a couple of tenths of a percent up to 5% of the total loan amount.

Purchase and sale agreement