Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

HousingWire Annual Virtual Summit

LAST CHANCE! Join us TODAY for a virtual recap of HousingWire Annual 2021! We will be streaming sessions and demos from our in-person event! Register now for content on all things housing!

Keep Up With the Latest Third Party Origination News

Want to stay up to date with the latest on the third party origination front? We designed a specific news hub with lenders and brokers in mind, with Rocket Pro TPO leading the discussion.

How to increase minority homeownership?

Today’s HousingWire Daily features a roundtable discussion from HousingWire’s Lunch & Learn series that looks at “Unpacking the lender’s vital role in increasing minority homeownership.”

Real Estate

Realogy unveils its iBuying alternative

RealSure provides cash offer and mortgage for a seller’s next home

The real estate industry has been waiting to see how Realogy, the largest owner of U.S. real estate brokerages and franchise brands, would respond to the iBuying trend. Now we know.

Realogy is teaming up with Home Partners of America, a real estate investment and management company, to launch two new programs, RealSure Sell and RealSure Mortgage.

RealSure Sell gives qualifying home sellers a cash offer upon listing. It’s valid for 45 days while an affiliated agent markets the home in pursuit of “an even better price,” as Realogy described it.

“RealSure has been designed to solve the two questions consumers most often have when selling their home – what is the best price I can achieve in the market, and should I wait to look for my next home until my current residence sells?” Realogy said in a statement.

Next, RealSure Mortgage allows a seller who’s enrolled in RealSure Sell to make an offer on his or her next home by “leveraging” the cash offer, Realogy said.

“The ability to secure a mortgage on a new home eliminates the stress many Americans face when having to sell a home while simultaneously trying to buy another,” Realogy said. “A majority of consumers are selling a house while also looking to buy one at the same time.”

According to a survey from the National Association of Realtors, 39% of buyers need to use proceeds from the sale of their prior residence to fund the purchase of their next home.

RealSure is now available in Dallas and Denver for home sellers who have a qualified property and use a participating real estate agent affiliated with Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, ERA or Sotheby’s International Realty.

Over the next month, RealSure will roll out to brokerages affiliated with those brands in eight additional U.S. markets, including Chicago, Houston and Austin, Texas, Sacramento, California, as well as Tampa, Orlando, Sarasota and Fort Myers in Florida.

Realogy intends to “learn from the program in these markets and quickly scale to others,” the company said in the statement.

Most Popular Articles

Climate migration driving more buyers to Burlington, VT

An influx of buyers from California, Colorado, Florida and the tristate area are looking to buy in Burlington, Vermont. There’s just one problem: there’s hardly any inventory.

Oct 21, 2021 By

Latest Articles

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy. HW+ Premium Content

Oct 25, 2021 By and
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please