Financing Contingency Has Nothing to do with Loan Approval – RE Forms

Why a Loan Contingency Exhibit in a real estate contract has nothing to do with Loan Approval – RE Forms.
 
For video on this topic in the Georgia Association of Realtors (GAR) Contract Package, watch THIS Video: https://youtu.be/61k9giZFHO4
 
Please browse “Videos” or “Playlist” for so many more!
 
FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.
 
Click to Watch More Videos from Real Estate Made Crystal Clear

Shifting Market Brings Good News

The Real Estate Backstory is our weekly update The Real Estate Backstory is our weekly update of real estate news, information and education for the Atlanta real estate market. This week we cover:

• Builders are suddenly in a giving mood.
• Shifting market.
• Things to negotiate with builders.
• Voters approved more money for affordable housing around the country.
• Consumer Price Inflation report.
• Mortgage rates fall to under 7% after inflation eases.
• Characteristics of home buyers.
• Most home price cuts are made on Thursday.
• Redfin shutters home-flipping operations and announces layoffs.
• Opendoor is making significant changes.

Check out the YouTube Channel by Ming & Alan Richardson of MX1 Partners – “Real Estate Back Story”

How to Communicate with a “Feisty” Co-Op Agent

There are times in a real estate transaction when your co-op agent may be a bit “difficult” to deal with! What are some tips for communicating with that agent to get the deal to closing? Watch the video & find out!   “How to Prepare for a GREC Investigation” – https://youtu.be/w1F0N21sWuk “Say What?! Mastering Communication in RE – CE Class” – https://youtu.be/RH1R-AOi5p4   Please browse “Videos” or “Playlist” for so many more!   FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.   Click to Watch More Videos from Real Estate Made Crystal Clear

How to Stay Proactive in Real Estate

The Real Estate Backstory is our weekly update The Real Estate Backstory is our weekly update of real estate news, information and education for the Atlanta real estate market. This week we cover:   Seeing a lot of deals dying. How to stay proactive? Is the Airbnbust a real thing? Key inflation gauge rose again. FED hikes rates another 75 bps. Spread a little love. Widow sues Compass for alleged abuse in pocket listing sale. Opendoor lays off 50% of employees. Zillow lays off 300 workers. Check out the YouTube Channel by Ming & Alan Richardson of MX1 Partners – “Real Estate Back Story”

Why Your Special Stipulations may NOT be Enforceable

In a real estate contract in Georgia, what is the impact of a Special Stipulation in a contract? Why may it not be enforceable? What are some Agent Points of Practice? And what is the BEST way to address certain issues? Watch the video to find out!

Please browse “Videos” or “Playlist” for so many more!

FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.

Click to Watch More Videos from Real Estate Made Crystal Clear

Let’s Talk About What’s Happening in the Market

The Real Estate Backstory is our weekly update The Real Estate Backstory is our weekly update of real estate news, information and education for the Atlanta real estate market. This week we cover:

• Are you reaching out to your sphere? Let’s talk getting referrals.
• Changes to MLS marketing based on NAR policy changes.
• The share of homebuyers applying for ARM has more than quadrupled.
• U.S. mortgage originations to decline 9% in 2023…but what does the fine print say?
• Fannie Mae estimates a drop in mortgage rates in 2023.
• The housing market decline is not a “bubble 2.0”.

Check out the YouTube Channel by Ming & Alan Richardson of MX1 Partners – “Real Estate Back Story”

How to Transfer Earnest Money Between Properties

You are a real estate agent in Georgia & you are working with a Buyer and go under contract and the Buyer has sent Earnest Money to the Holder… this contract terminates and the Buyer finds another house to buy… may you simply direct the Holder to transfer the Earnest Money from that terminated contract to the new one? Well…. the answer may not be what you think! Watch the video to find out!

Please browse “Videos” or “Playlist” for so many more!

FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.

Click to Watch More Videos from Real Estate Made Crystal Clear

Pricing & Property Condition

The Real Estate Backstory is our weekly update The Real Estate Backstory is our weekly update of real estate news, information and education for the Atlanta real estate market. This week we cover:

• 2021 is an outlier, not a benchmark.
• Mortgage rates are just shy of 7%.
• Who can and can’t afford homes as rates increase?
• How much household income is needed for each percentage point increase?
• Buydowns and ARMs are becoming key tools for closing deals.
• The adjustable rate mortgage makes a comeback.
• Sellers need to be strategic about pricing and property conditions.
• Please be serious about your safety.
• Real estate bubble risk.

Check out the YouTube Channel by Ming & Alan Richardson of MX1 Partners – “Real Estate Back Story”