As mortgage interest rates rise, concessions return
Buyers looking to recoup lost purchasing power are dusting off old strategies to secure a more comfortable monthly mortgage payment.
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Tag: buyers and sellers
Form-of-the-Week: Occupancy Agreements — Interim and Holdover — Forms 271 and 272
Buyers and sellers use RPI Forms 271 and 272 to occupy property as tenants until a replacement residence is secured.
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What a cooling market means for both sides of real estate transactions
The real estate market’s pivot from soaring prices to plunging prices will affect buyers, sellers, lenders and support services in different ways.
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POLL: What direction do you believe home prices will take by end of the year 2022?
This week’s poll inquires about home prices. Where do you think home prices will end up in 2022?
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Gen Z coming into housing market at historically worst time to buy
Generation Z, or Zoomers, are zooming into the real estate market, but what do these historical prices mean for first-timers?
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POLL: How often are your buyers’ mortgage applications facing denials compared to last year?
This weeks poll inquires about mortgage applications in comparison to the year prior.
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POLL: Do your buyers inquire about the quality of internet services when considering specific homes or neighborhoods?
This week’s poll inquires about internet services when looking for a house to buy.
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POLL: Do you sense a rise in the percentage of all-cash buyers during 2022?
Do you sense a rise in the percentage of all-cash buyers during 2022? There will be an increase in...
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Form-of-the-Week: All-Inclusive Trust Deed (AITD), AITD Addendum with Equity Payoff and AITD Addendum with Full Payoff – Forms 421, 442 and 443
Using an AITD, a seller carries back a note which includes the principal remaining on an existing mortgage and may demand different types of payoffs with the addenda.
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POLL: Who are the majority of the all-cash buyers in your market?
Who are the majority of the all-cash buyers in your market? Foreign investors. (45%, 44 Votes)...
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Survey says: 2021 is a seller’s market
Consumer sentiments on buying in the current housing market are at a new low.
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POLL: Will 2021 see a rise in all-cash buyers?
Do you think 2021 will see a rise in all-cash buyers? No. (70%, 40 Votes) Yes. (30%, 17 Votes)...
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POLL: What portion of your listings sell above the listed price?
What portion of your listings sell above the listed price? 75% or more. (64%, 46 Votes) 25% or...
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POLL: What is stopping prospective home buyers and owners from buying or selling?
What is the major concern stopping prospective home buyers and owners from buying or selling?...
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POLL: How often do your buyers make an offer on the first property they see?
How often do your buyers make an offer on the first property they see? Rarely (48%, 39 Votes)...
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The votes are in: Sellers will relist post-recession
Readers weigh in on how sellers will react to the recessionary housing market.
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POLL: How often do your sellers accept the first offer they receive?
How often do your sellers accept the first offer they receive? Often (48%, 36 Votes) Occasionally...
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POLL: What percentage of your property listings receive multiple offers from buyers?
What percentage of your property listings receive multiple offers from buyers? 10% or less (59%,...
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POLL: In a sales transaction today, who better controls the price in negotiations?
In a sales transaction today, who better controls the price in negotiations? The buyer (63%, 110...
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POLL: Should buyers have direct access to local MLS information?
Do you think buyers should be able to have direct access to property information in your local...
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