It’s common for a first-time homebuyer to be overwhelmed when it comes to real estate industry jargon. REALTORS® can help translate! To start, here is a list of 19 common terms used during the home buying process. Click here to read more.
REALTOR® A, a listing broker, obtained a signed offer to purchase, together with Buyer C’s check for $5,000 as an earnest money deposit. Buyer C’s offer was subject to the sale of his current residence. REALTOR® A presented the offer to Seller B who accepted it. REALTOR® A then inadvertently deposited the earnest money check in his ...more »
Housing data released by MIBOR this week shows an increase in pending and closed sales for May; increases that represent a slowing from the double digit increases we experienced in the early spring months. Pending sales are up 9.3 percent in May and 10.8 for the three months ending in May. Closed sales increased 4.2 percent in May and 9.7 for the quarter....more »
If you are searching in Matrix™ and find that you are getting different search results than you are in Tempo or Fusion™, you most likely are not using the “wildcards” in your search. One of the most important “wildcard” search functions is the asterisk (*). A very common mistake that is being made is not using the ...more »
Last call to get REAL! Please submit applications and letters of recommendation for MIBOR’s 21st Real Estate Academy of Leadership class by this Friday, June 12th at 5:00 PM. This is a unique opportunity to look behind the curtain at organizations that are impacting our communities and making central Indiana a better place for investment and ...more »
The Consumer Financial Protection Bureau (CFPB) announced that it would be “sensitive” to companies that make a good-faith effort to comply with the new Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure (TRID) regulation that goes into effect on August 1, 2015. According to the CFPB communication, ...more »
REALTOR® B contacted REALTOR ® A, the listing broker, and notified her that he was a buyer’s agent and was interested in showing one of her listings to his client, a prospective purchaser....more »
Please be aware that a Realist maintenance activity will be taking place 1:00 a.m. – 5:00 a.m. EST on April 28th. During those hours, Realist may be intermittently unavailable to you. Matrix™ will be undergoing a maintenance activity as well beginning at 10:00 p.m. on April 29th. We expect approximately a 30 - 45 minute interruption with Matrix™, and want you to be aware of the hours in question....more »