Feb 9 ā¢ Education Thread-Drop Your ???
šŖļø Weekly Edge: Lendingās Shifting Landscape & The Disclosure Ripple
Anyone else feeling the lending winds shift again? š”šØ
Lenders are tightening review standards and underwriting feels a touch slower lately ā not because volumeās up, but because everyoneās tripleāchecking property condition details.
More detailed condition disclosures are creeping into every stage of the deal ā from listings to appraisals ā and itās changing the pace. Turn times are stretching a bit, especially on homes that wouldāve flown through last year.
Whatās interesting? Agents who get ahead of this ā by tightening their own property condition notes, photo coverage, and repair context ā are keeping deals (and clients) calm. Transparency is becoming the new velocity. Educuate your sellers on the items that may trigger repairs at time of listing AND before signing the contract.
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Pro tip: Spend 5 extra minutes educating your sellerās on likely repairts ā it can shave days off the backend once the appraisal hits underwriting.
Howās it looking in your area? Are your lenders or deals slowing down, or staying steady?
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šŖļø Weekly Edge: Lendingās Shifting Landscape & The Disclosure Ripple
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