Housing Wire

APRIL 26, 2021

Compass announced Monday that it has reached an agreement to buy San Francisco-based real estate transaction platform Glide , a deal that some California real estate agents may feel uneasy about. Glide, which was founded in 2017, provides tools like eSignature and the digitization of sales processing forms.

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Purchase and sale agreement Agents Brokerage MLS 384

Housing Wire

JANUARY 31, 2022

ONE Sotheby’s International Realty agent Jessica Adams is under fire after TechCrunch co-founder and crypto investor, Michael Arrington took to Twitter on Tuesday alleging that Adams had leaked information about his purchase of a Miami waterfront mansion to the press, creating security concerns that forced him and his family to relocate.

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Purchase and sale agreement Title Agents MLS 366

Housing Wire

JANUARY 27, 2022

ONE Sotheby’s International Realty agent Jessica Adams is under fire after TechCrunch co-founder and crypto investor, Michael Arrington took to Twitter on Tuesday alleging that Adams had leaked information about his purchase of a Miami waterfront mansion to the press, creating security concerns that forced him and his family to relocate.

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Purchase and sale agreement Title Agents MLS 368

Housing Wire

OCTOBER 3, 2023

Potential outcomes of the commission lawsuits The specific details of the lawsuits , the tying agreements, the anti-competitiveness of clear cooperation and the arguments surrounding potential steering and inflated compensation have been written about extensively. Most importantly, how to prepare for them. Imagine that.

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Purchase and sale agreement Brokerage Agents MLS 410

Toronto Realty Blog

JANUARY 27, 2023

The letters “SC” on an MLS listing mean the property is “sold conditionally,” and agents not only know this, but are quite accustomed to seeing it on listings. When the market is hot, fewer properties are sold conditionally, but some still are. SCE What in the world is that? But what the heck is SCE?

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Purchase and sale agreement Sales MLS Closing 77

Housing Wire

OCTOBER 11, 2023

projection is undoubtedly that between 60% and 80% of agents could wash out in the industry as buyers find alternatives to their services , MLS networks/NAR weaken, and the power paradigm shifts dramatically to sell-side agents. But the most frightening — or exciting? Who’s most exposed? ” Steering to grab that bag?

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Agents Purchase and sale agreement Brokerage Finance 479

Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? But even in this market? I’m not entirely sure.

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Construction Sales Purchase and sale agreement Development 74

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.

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Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 105

HomeLight

JULY 23, 2021

One term you’ll likely hear often during the homebuying process is “MLS,” which stands for multiple listing service. The MLS is a real estate database of all the homes in your area that are currently for sale, pending sale, or have recently been sold, and so much more. How do I know where a home is in the sales process?

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MLS Backup offer Agents Purchase and sale agreement 109

Lighter Side of Real Estate

MARCH 19, 2024

So here’s an excerpt from a National Association of REALTORS® press release , highlighting the changes that will most likely affect you: “In addition to the financial payment, NAR has agreed to put in place a new MLS rule prohibiting offers of broker compensation on the MLS.

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Purchase and sale agreement MLS Agents As-is 132

Realty Biz

JANUARY 29, 2023

For that to happen, you need an exceptional real estate agent who will price your home correctly and provide outstanding marketing. Most real estate listings are entered into the Multiple Listing Service (MLS). The MLS is a database of homes for sale across the United States. Quite the opposite. What is a Pocket Listing?

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Purchase and sale agreement MLS Sales Agents 114

Realty Biz

AUGUST 23, 2022

Have you heard the term MLS in real estate and wondered what it meant? The multiple listing service or MLS is a way for real estate agents to connect buyers and sellers better. As a seller, it lets the world know you’re home is for sale. So how does the MLS in real estate work? How Does The MLS Work in Real Estate?

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Purchase and sale agreement MLS Brokerage Loan Officer 115

HomeLight

MAY 27, 2021

When you signed the listing contract to put your house on the market, you had high hopes for a quick sale. And now you’ve realized that even the listing agreement with your agent has expired. We’ll fill you in on what obligation (if any) you have to your agent and what your options are to complete the sale.

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Purchase and sale agreement Staging Agents Brokerage 102

HomeLight

NOVEMBER 1, 2021

If you suspect this is the case and have evidence to back it up, you may be able to save the sale if you can convince the appraiser to reconsider. Approximately 9% of home appraisals come in below the sales price. During the pandemic there has been a shortage of available homes in a hot market. Reconsideration of value process.

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Sales Purchase and sale agreement VA loan MLS 96

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 100

HomeLight

AUGUST 16, 2021

And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. Though short sales aren’t as prevalent today as they were following the Great Recession , they’re not impossible to find, and good deals for buyers can still be had. What exactly is a short sale? It’s a long sale.

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Short sale Sales Purchase and sale agreement Banks 104

The Close

APRIL 15, 2024

These off-market properties are like the VIP section of real estate—exclusive yet not quite ready for the MLS spotlight. Plus, I’ll share some marketing tips to help you master the art of the pocket listing. But there’s a catch: the property can’t be listed on the Multiple Listing Service (MLS).

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MLS Purchase and sale agreement Brokerage Agents 80

RIS Media

JANUARY 14, 2022

After just four months on the market, a property on Star Island—a neighborhood in Miami Beach, Florida—sold for $75,000,000. At press time, that number set a record as the most expensive sale in the history of Miami real estate. We recently had the opportunity to discuss this historic sale with Sierra.

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Purchase and sale agreement Marketing Proof of funds MLS 98

Toronto Realty Blog

OCTOBER 19, 2020

. “in his will, he divided his estate between his wife and daughter” While I would love nothing more than to delve into photos and fantasies about the sale of mansions in the Swiss alps, it is, of course, the latter of the two that I want to talk about today. In today’s market, very few want to, and many are unable.

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Sales Purchase and sale agreement Closing Land 52

HomeLight

DECEMBER 31, 2020

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

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Closing Backup offer Sales Inspection 104

HomeLight

JANUARY 3, 2023

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Real estate transfer taxes: 0.01%.

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Purchase and sale agreement Inspection MLS Inspection contingency 104

HomeLight

MAY 2, 2023

Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year. A huge amount of our commission pays for marketing expenses,” Medford explains. “In

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Purchase and sale agreement Agents Staging Brokerage 91

Notorious ROB

APRIL 5, 2023

I’ll try very hard not to make this a total sales pitch and shameless plug, but… I make no guarantees on that front. Settlement : actual exchange of money or something else of value for what was purchased. DPX is an MLS The first and most important differentiator is that DPX is a Multiple Listing Service.

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Purchase and sale agreement MLS Brokerage Agents 97

Realty Biz

JANUARY 7, 2021

When you’re buying a home, no matter if you’re a first-time buyer or someone who is onto their 50th property, you may find different clauses that will affect and define just how you can and can’t purchase a home you like or sell the one you currently live in. It is also called the first right of refusal as well. How Does a ROFR Come About?

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Purchase and sale agreement Sales MLS As-is 129

RIS Media

MAY 19, 2021

” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” ” What do they mean and how will they affect your home sale? Two important statuses in the MLS are “Contingent” and “Pending.”

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Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98

HomeLight

JANUARY 10, 2023

The median price of a California home hit $777,500 in November 2022 , which is a 3% decrease from the previous month, a sign that higher interest rates are slowing the real estate market in California. Moreover, homes are sitting on the market for longer and inventory is increasing. Average time on market: 24 days (November 2022).

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Purchase and sale agreement Natural hazards disclosure Inspection Title 96

HomeLight

APRIL 28, 2023

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. Unsure about selling FSBO in Texas?

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Purchase and sale agreement Inspection Title Inspection contingency 82

Realty Biz

DECEMBER 2, 2020

Real estate purchases and investments are major life accomplishments. Non-Disclosure Agreement (NDA) business concept. Non-Disclosure Agreement (NDA) business concept. Businessman draw scheme representing Nondisclosure Agreement. Property disclosure agreements protect homebuyers from these kinds of fraud.

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Purchase and sale agreement MLS Inspection Investor 78

HomeLight

JANUARY 28, 2022

Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year. The average real estate agent commission rate nationwide is 5.8% Average home price.

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Agents Purchase and sale agreement Brokerage MLS 117

RIS Media

JULY 5, 2021

Now, the Department of Justice (DOJ) has withdrawn their agreement. A spokesperson from NAR called the withdrawal a “complete, unprecedented breach of agreement by the Department of Justice,” adding that the settlement had been negotiated and approved by the head of the Antitrust Division. .

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Purchase and sale agreement MLS Development Industrial 98

Easy Agent Pro

JANUARY 13, 2023

Often real estate agents tend to focus on either buyer leads or seller leads as their specialty in the market. Whether you are new to the real estate market or an experienced agent looking to expand their reach for lead generation, this guide will help you find home buyer leads and real estate seller leads. Let’s dive in! .

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Marketing Purchase and sale agreement Agents VA loan 104

HomeLight

NOVEMBER 9, 2021

The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. Listing price.

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Purchase and sale agreement Home sale contingency Title search Inspection 91

Point2Homes

DECEMBER 8, 2020

But, what does contingent mean and how does it affect your purchase? However, before the sale can go to closing, certain contingencies must be met. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. How is Contingent Different from Pending?

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HomeLight

MARCH 31, 2022

The seller’s market continues to boom in Florida. Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% drop in median time on the market. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Florida. Get Started.

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Purchase and sale agreement Inspection Title MLS 97

HomeLight

MARCH 31, 2022

price increase , pushing median sale prices to upward of $350,000. With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. Median sales price: $449,900 (Feb. Average days on market : 36 (April 2022).

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Purchase and sale agreement Inspection MLS Inspection contingency 95

Realty Biz

SEPTEMBER 14, 2021

In some places, active under contract indicates that a contract has been signed but is contingent on certain conditions being met before the sale is finalized. In other locations, the sale may be referred to as being contingent in the multiple listing service (MLS). Anything serious found may lead to the sale not completing.

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Backup offer Purchase and sale agreement Inspection Sales 124

Toronto Realty Blog

AUGUST 21, 2023

TorontoRealtyBlog Consider the following scenario… A buyer makes an unconditional offer to purchase a property for $2,000,000, and that offer is accepted. The market has softened significantly and they are only able to sell for $1,700,000. The market has strengthened significantly and they are able to sell for $2,200,000.

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Purchase and sale agreement Finance Closing Brokerage 77