The Problem with Promises and Handshakes?
A buyer and seller can always agree to change contract terms to get a transaction to closing. However, a handshake agreement generally won’t change the existing contract until it’s in writing and signed.
Code Doesn’t Say What You Think It Says
Dear Shannon: A Realtor won’t work with potential buyers working with another Realtor – “Never have. Never will. It’s unethical.” But is this one of the high standards that the Code of Ethics requires?
Judge OKs $1B+ Deal in Fla. Condo Collapse
A judge gave final approval for the Surfside-condo collapse settlement a day before its June 24 anniversary. Families who lost loved ones will collect the most money.
Praise for Condo Inspection Laws, Fear of Timelines
In two-and-a-half years, Fla. condos should complete inspections. It’s a quick turnaround for a state with 30,000 condo associations, most older than 30 years.
Affordability Crisis: NAR Explains It to Lawmakers
Homeownership builds generational wealth, and NAR laid out potential long-term consequences if lower- and middle-class buyers no longer qualify.
You Need to Tell Vets About VA Loans
Many current and previous armed forces members know little about VA loan benefits: 17% think they need 20% down; half think it’s a once-in-your-lifetime offer.
Mortgage Rates Edge Higher This Week, Hit 5.81%
Last week, the rate increase hit a 35-year high, but this week’s 5.81% is only marginally higher than last week’s average 5.78%.
Communicate Your Unique Service Proposition
How are you different? Why should I work with you rather than any of those 10 other agents? Before a first meeting, give clients an idea of what they should expect.
1Q Home Flipping: Numbers Up, Profits Down
Home flips vary by metro, but they’ve grown as a percentage of sales (9.6%) for five straight quarters – but profit margins dipped to their lowest point since 2009.
Facebook Changing Algorithm for Housing Ads
The U.S. challenged Facebook’s “algorithmic discrimination.” Ads can no longer target recipients by age, gender or zip code in a case DOJ called “groundbreaking.”