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Flyhomes acquires Home Sale Assured

Housing Wire

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. In the acquisition, Flyhomes will be acquiring the Home Sale Assured brand and Meadow will join Flyhomes as VP of partnerships. The terms of the deal were not disclosed.

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Fidelity to pay $3.5M fine over “no-poaching” agreements

Housing Wire

title insurance company had “no-poach” agreements with rivals. My office will continue standing up for workers’ rights by stopping no-poach agreements and holding companies accountable for their bad actions.” The agreement comes as Fidelity’s volumes are declining due to fewer real estate sales.

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Reviewing a builder’s Agreement of Purchase and Sale

REM Online

The original post can be found at the following URL: Reviewing a builder’s Agreement of Purchase and Sale. As a lawyer, when advising buyers of pre-construction homes or condominium units during the 10-day cooling-off period after signing an agreement, I always start off the consultation by saying the same thing.

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Anticipatory breach in an Agreement of Purchase and Sale

REM Online

The original post can be found at the following URL: Anticipatory breach in an Agreement of Purchase and Sale. Lebovic Enterprises Limited, the court analyzed the actions of the parties to an Agreement of Purchase and Sale (APS) to determine if there was an anticipatory breach of the contract. In Sheik v.

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Buyers are getting cold feet as mortgage rates exceed 7%: Redfin

Housing Wire

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. Nearly 60,000 home-purchase agreements were canceled nationwide in August, equal to 15.7% home sale price rose 3% year over year to $420,846 in August, the largest annual increase since October 2022.

Mortgages 423
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Buyer’s failure to waive conditions nullifies Agreement of Purchase and Sale

REM Online

The original post can be found at the following URL: Buyer’s failure to waive conditions nullifies Agreement of Purchase and Sale. Buyers should not assume that communications with a seller during the conditional period will extend the deadline or require a seller to accept unilateral demands for amendments to the agreement.

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Real estate commission dispute? Do this.

Housing Wire

This may be the result of fewer listings and slower sales, but we do not know for certain. A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. A seller-client cancels a listing.