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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

Do you remember the last time you received a letter in the mail, in an envelope, that was hand-addressed to you? Last year, there were (number) homes sold here, and the average selling price was (dollar figure). Last year, there were (number) homes sold here, and the average selling price was (dollar figure). (If

Brokerage 389
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NAR magazine devotes space to reverse mortgages and seniors

Housing Wire

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

Mortgages 455
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NAR “sets the record straight” on commissions

Housing Wire

In the video posted on Wednesday, Wright addressed claims that the internet age and tools available to homebuyers should have reduced the cost of using a buyer’s agent. In addition to commissions and the value of an agent, Wright also addressed what she called “a new association.” The influential trade group lost a $5.3

HR 460
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CHLA urges FHA’s equal treatment of homebuyers despite commission status

Housing Wire

The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Administration (FHA) that urges the agency to “provide comparable down payment treatment for FHA borrowers, regardless of whether or not the seller is willing to pay the home buyer broker commission,” according to an announcement by the organization.

FHA loan 416
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Ahead of Biden speech, White House officials preview housing priorities

Housing Wire

President Joe Biden will be in Las Vegas on Tuesday, where he will offer additional remarks about the policies and priorities of his administration’s push to address housing issues for renters and buyers alike. Biden will also highlight the money offered to states in the 2021 American Rescue Plan Act to boost affordable housing supply.

Mortgages 352
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2024 is not the year to cut corners on staging — here’s why

Housing Wire

When it comes to home staging, there are two homeowner camps: those who think it’s a waste of money and don’t want to pay more to make their home more attractive to buyers and those who realize the worth and are willing to make the investment needed. In fact, this year I’d argue we need to take it a step further.

Staging 458
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Fannie Mae Selling Guide updates include qualifying income, self-employment history changes

Housing Wire

Fannie Mae on Wednesday released its October 2023 update to its Selling Guide, aiming to reflect changes in the mortgage industry, its surrounding regulatory environment and Fannie Mae policy positions. We updated our policies for rental income to address various questions received from lenders,” the update explained.

Loans 470