Real estate
fromwww.housingwire.com
1 day agoHomeowners Insurance is Reshaping the Real Estate Transaction
Rising homeowners' insurance costs are reshaping the homebuying process, introducing uncertainty and affecting borrower eligibility.
The consent judgment voids MV Realty's long-term Homeowner Benefit Agreement contracts, clears recorded property filings, and bars the company from performing real estate brokerage services in Colorado.
The Gibson plaintiffs claimed that eXp negotiated the agreement with the Hooper plaintiffs after conducting prolonged, unsuccessful settlement negotiations with Intervenor Plaintiff counsel, conducting a reverse auction in an attempt to gain a sweetheart deal.
A counteroffer is the seller's response to your original offer, proposing different terms instead of accepting it outright. This might include a higher purchase price, a different closing date, shorter contingency timelines, or changes to repair requests and credits. Once a counteroffer is presented, your original offer is no longer active.
When a home is listed on the MLS, that property information is immediately available to virtually every real estate agent in the market who is an MLS member, and by extension, to every serious buyer working with an agent who has access to the MLS. By extension, literally all online real estate portals buyers and sellers have come to enjoy pulling their data from it.
To earn referrals, you must exceed expectations through a seamless client journey that creates memorable touchpoints from first contact to post-closing. Most agents focus on transactional milestones: contract, inspection, closing. But clients remember how you made them feel during one of life's most significant purchases. Your competition isn't just other agents, it's every premium service experience clients have had, from luxury hotels to high-end restaurants.
I don't want the closers and processors to have to get into the weeds with this. I don't want there to be any negative shadowing of our title offices, because we're having to ask for this. It's really not a title role, as far as the title insurance product that we provide. It definitely has been tasked to us, but it's not something that I want to be viewed as, 'Title requires this.' This is a governmental requirement.