With most homes in competitive markets igniting bidding wars, many times with dozens of bids, the odds may still mean that it could take several tries before getting an offer accepted. Here’s some advice Redfin agents offered for buyers frustrated after one or more failed attempts: Find out exactly why your offer wasn’t chosen.
16% of Redfin Homebuyers Faced a Bidding War This Month, Down from 61% Last Year San Francisco, Boston, San Diego and Portland are the most competitive housing markets, but still only 1 in 5.
Double Take: JPMorgan Quietly Raising $6 Billion FHA mortgage insurance premiums won’t be going down in 2015 SecurityNational Mortgage settles with BofA and Countrywide Lisa Du, Business Insider. U.S. Attorney General Eric Holder just announced that Bank of America has agreed to pay out a $335 million settlement with the Justice Department for predatory mortgage lending practices.. This will be the largest fair lending settlement in history, and, as Bank of America would like to point out, is a result of practices at Countrywide before the bank bought the lender.Again, these changes only affect the FHA annual mortgage insurance premiums for 2015, and only for loans greater than 15 years in length. The upfront premium (which borrowers are also required to pay) will remain at its current level of 1.75% of the base loan amount. Additionally, the MIP rates for 15-year loans will remain unchanged as shown in the table above.Bank execs sing praises of new tax law as windfall looms. – JPMorgan said Friday it earned $4.23 billion in the fourth quarter, or $1.07 a share, down from $6.73 billion, or $1.71 a share, in the same period a year earlier.
It’s unclear when exactly Redfin would go public or how many shares it will offer. The company plans to trade on the NASDAQ under “RDFN.” Redfin declined to provide additional details when contacted.
Only 16 percent of homebuyers using Redfin faced a bidding war during the first weeks of this month, the online brokerage reported Wednesday, a dramatic fall from a year ago when nearly two thirds of buyers were competing against other offers. Redfin’s report shows that the number of the brokerage’s homebuyers facing a bidding war.
PrimeLending chooses Blue Sage LOS in bid to boost efficiency of mortgage process Fairway Independent Mortgage training agents to help military veterans home – Veterans In Travel – To thank those who have proudly served our country, Nexion Travel Group and Travel Leaders of Tomorrow have joined forces to create the Veterans in Travel scholarship program. This fulfilling program provides a pathway to entrepreneurship for veterans by training them to become independent travel agents.PRIMELENDING A PLAINSCAPITAL COMPANY , HOME LOANS MADE SIMPLE , NEIGHBORHOODEDGE and LOANTELLIGENCE SM are trademarks, service marks, or registered trademarks or service marks of PrimeLending, a PlainsCapital Company. You may not use, display or reproduce them without the prior written consent of PrimeLending.Lawmakers propose PATH Act to create housing sustainability (1) it is the duty of the Federal Government to create a Green New Deal- (A) to achieve net-zero greenhouse gas emissions through a fair and just transition for all communities and workers; (B) to.
How to win a bidding war: Bring cash, lots of cash. winning bidding wars, a Redfin analysis of home sales over the past two years show. Buying a home without financing boosted a buyer’s.
· Here’s how to win a bidding war. Coming with cash can actually double your chances of winning a bidding war, according to Redfin, a real estate brokerage.. home buyers.
Moody’s tempers multifamily bubble fears China's Leaders Are Putting The Economy On 'Bubble Watch' – The credit frenzy has meant growing financial liabilities at Chinese firms, which sit at 160% of GDP-a jump from ’08’s 98% and far above the 70% for US firms. All this credit has Moody’s.
Such battles had slowed dramatically this past spring, thanks to more listings and more cash-strapped buyers unwilling to pay top dollar. Nationally, just 12% of offers written by Redfin, a real estate brokerage, faced a bidding war in June, down from 52% a year earlier.
Waiving the inspection contingency and the pre-inspection, typically conducted to mitigate the buyer’s risk when waiving said contingency, come with no significant gain in the odds of winning a bidding war. But this won’t stop Redfin agents from advising their clients to use them in appropriate situations while considering the associated risks.
How to Write a Winning Real Estate Offer Letter – Redfin Real-Time Bidding wars are common in today’s housing market. Fortunately, there are ways to make your real estate offer letter more competitive.