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Cash Is King as Bidding Wars Continue

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first_img Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily A recent survey of Zillow Premier Agent partners examined the strategies that are working in today’s home sales market to score a home, and what buyers should be prepared for as fierce bidding wars are waged nationwide. Agents throughout the past six months submitted nearly four offers per client on average before one was accepted, with 13% saying it took six or more offers on average.Agents are using a variety of tactics to help their offers stand out, with at least half of listing agents surveyed encountering an all-cash offer, an escalation clause, submission before the offer review date, a higher down payment, or more earnest money when reviewing offers.And with mortgage rates hovering below the 3% mark, the market is not showing any signs of slowdown.Out of these strategies, agents found the most effective tactic was an all-cash offer, with nearly four in five agents (77%) submitting an all-cash offer on behalf of their clients, and 41% of listing agents noting that an all-cash offer was the most effective strategy in their recent transactions.In addition to all-cash offers, agents are using an assortment of strategies. Nearly 21% of buyers’ agents offered a higher down payment or more earnest money to get their client’s offer to stand out, and approximately 25% always submitted before the review date. More unconventional strategies that agents are using include offering leaseback, throwing a pizza party, and sending flowers to the sellers.Not only has social distancing, in light of the pandemic, fostered the proliferation of virtual home tours, tech-savvy agents say 31% of clients tour a home virtually before visiting the property in-person.”Being able to tour a home virtually is a big timesaver for buyers,” said Josephine Sabatino, Broker Manager at RE/MAX Edge in New York City. “3D tours provide buyers a clear, detailed view of the home and they can decide if it’s right for them. This saves buyers from going to see a bunch of homes that just don’t work, and help narrow down their choices early.”Waiving contingencies is another common tactic, and can be frustrating to home shoppers who lose bids to buyers using this strategy. In their last three to five transactions, at least half of the listing agents surveyed encountered waived inspections or financing. However, waiving contingencies can pose a huge risk to buyers in the short and long run.According to the survey, waiving an inspection puts buyers at risk of unknown structural, mechanical or safety defects which can be incredibly costly to the buyer. If a buyer waives financing and their loan is not approved or the home doesn’t appraise at the offer price, it’s the buyer’s responsibility to make up the difference in cash or walk away from their earnest money deposit–both potentially costly consequences. Related Articles Demand Propels Home Prices Upward 2 days ago Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Eric C. Peck Tagged with: Josephine Sabatino RE/MAX Zillow Previous: Overcoming Digital Distrust Next: Households of Color Expected to Dominate Homeownership Rate Growth in Daily Dose, Featured, Journal, News Subscribe Servicers Navigate the Post-Pandemic World 2 days agocenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Josephine Sabatino RE/MAX Zillow 2021-05-10 Eric C. Peck Home / Daily Dose / Cash Is King as Bidding Wars Continue Cash Is King as Bidding Wars Continue 20 days ago 547 Views The Best Markets For Residential Property Investors 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Food contest winner

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first_imgBy Stephanie SchupskaUniversity of GeorgiaCaroline Harless had planned to be in Swainsboro, Ga., on March 17 to prepare for hunters arriving at her Flat Creek Lodge. Instead, she stayed in Atlanta, where her Flat Creek Aztec Cheddar cheese won the third annual Flavor of Georgia food products contest.“I’m just still amazed. Amazed,” she said after Gov. Sonny Perdue announced her cheese as the 2009 grand prize winner.Flavor of Georgia 2009 was held in conjunction with Georgia Ag Day, which kicked off National Agricultural Awareness Week in Georgia. The events took place at the Georgia Freight Depot in downtown Atlanta.“I was impressed by the range of products submitted by Georgia food entrepreneurs. Despite challenging economic times, we received 112 submissions from 81 businesses from all over Georgia,” said Sharon Kane, who directed the contest. She is also a food business development specialist for the University of Georgia Center for Agribusiness and Economic Development.This was the first year that cheeses were entered in the contest, and judges took notice. “It’s definitely a cheddar,” Harless said of the Aztec cheddar. “It’s not as sharp as English or Vermont cheddar. It’s a little softer. It also has a … hint of cocoa and chili. It’s very subtle.”Flat Creek’s head cheese maker and culinary scientist Dane Huebner developed Aztec cheddar in the spring of 2008. He added cocoa and guajilla peppers to traditional, milled curd cheddar. The result is a cream-colored cheese marbled with brown and orange.“Dane is a very talented scientist, very much a food person,” Harless said. “He’s got a lot of great ideas cooking.” His next cheese project is of the sheep variety. Flat Creek Lodge currently has 40 ewes and 40 newly born lambs. Once the lambs are weaned, Huebner plans to develop different varieties of sheep’s milk cheese.Flavor of Georgia 2009 had entries as varied as peanut butter and jelly cookies, shrimp salad, jalapeno raspberry jam and peach cobbler bread.Flat Creek won the dairy category before being named overall winner. Christopher Myhre of Buzzy’s Fine Foods won the barbecue and hot sauces category with Buzzy’s Savannah Slather. Cathy Beecher of Cathy’s Sweets Inc. won the confections category with Lite Buddy candy. Janice Walters-Taylor of Appalachian Kitchens won the jams, jellies and sauces category with Miss Chatelaine’s Winter Apple Cider and Honey Spiced Red Wine Jam. Andrew Thompson of Thompson Farms won the meat category with All Natural Pork Chops. Kathy Werner of Mitera Granola won the snack foods category with Georgia Peach Granola. Douglas Horn of Vidalia Valley won the other/miscellaneous category for Southern Peach Vinaigrette. Flavor of Georgia is only a starting point for many of the category winners, Kane said. She followed up with the 2008 winners and found that nearly 90 percent increased their business contacts as a result of the contest. Also, 73 percent experienced increased interest in their products, and 70 percent saw an increase in the publicity for their products.“More than one-half of last year’s contestants saw an increase in their sales and profits following the contest,” she said.Flavor of Georgia 2009 was sponsored by the UGA Center for Agribusiness and Economic Development, Georgia Agribusiness Council, the Governor’s Agricultural Advisory Commission and the UGA College of Agricultural and Environmental Sciences Department of Food Science and Technology. (Stephanie Schupska is a news editor with the University of Georgia College of Agricultural and Environmental Sciences.)last_img read more

NBA GMs expect Lakers’ Lonzo Ball to win Rookie of the Year

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first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with Packers Newsroom GuidelinesNews TipsContact UsReport an Error A majority of NBA general managers believe Lakers point guard Lonzo Ball will win Rookie of the Year, according to an annual NBA.com survey of GMs that was released on Wednesday.Ball, drafted second overall out of UCLA, received 62 percent of the preseason votes, while Philadelphia’s Ben Simmons – the top pick in 2016 who sat all of last season with injury – received 24 percent.However, the long-term confidence is less overwhelming.  Asked which rookie would be the best player in five years, only 14 percent voted for Ball, placing him behind Phoenix’s Josh Jackson (24 percent), Philadelphia’s Markelle Fultz (21 percent) and Boston’s Jayson Tatum (21 percent).Twenty-two percent of GMs said Kyle Kuzma, drafted 27th overall, was the biggest steal of the draft, behind only ninth-overall pick Dennis Smith Jr.last_img read more

Crawford’s Gold Glove streak snapped at three, Posey edged out

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first_imgClick HERE if you’re unable to view the gallery on your mobile device.SAN FRANCISCO–Giants shortstop Brandon Crawford is widely regarded as one of the best defensive players in all of baseball.But for the first time since 2014, Crawford did not receive the honor of being named the best defender at his position.The 2018 Rawlings Gold Glove Award winners were announced Sunday and neither Crawford nor teammate and fellow Gold Glove finalist Buster Posey took home any hardware. Arizona …last_img read more

Live updates: Energized Raiders beat Broncos 27-14

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first_imgGet live updates, news and analysis Monday at 5:15 p.m. when the Raiders play the Broncos in perhaps their last game ever at the Oakland Coliseum.It remains to be seen if this will be the final game here in Oakland, but the Raiders (3-11) would like to go out in style, just in case it us. They’ll be taking on a Denver team that was eliminated from playoff contention when it fell to 6-8 by losing to the Browns a week ago. Oakland had one of its worst performances of the …last_img

Embiid drops 26 as Sixers nip Celtics

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first_imgTyphoon Kammuri accelerates, gains strength en route to PH Brace for potentially devastating typhoon approaching PH – NDRRMC After winning seven in a row, Boston has lost two straight.“I don’t want to take anything away from Philadelphia,” Boston coach Brad Stevens said. “They certainly made us look poor. If you’re not going to own your own space, then you’re going to turn the ball over.”The Celtics had no answer for Embiid, who was 10 for 19 from the floor and 6 of 7 at the foul line. He also had six assists and blocked two shots.The Sixers forced 19 turnovers and outrebounded the Celtics 41-31 while avoiding a season sweep.“It’s been a trend for us the last two games. For whatever reason, we’ve been sloppy on offense,” Horford said. “Other teams are putting pressure on us and speeding us up a little bit and we’re not handling it too well.”ADVERTISEMENT BI on alert for illegally deployed OFWs to Iraq LATEST STORIES Strugglesville: Cavs blow big lead, end Magic Celtics: Host Orlando on Sunday. Asian shares slide on weak Japan data; US markets closed Read Next Kammuri turning to super typhoon less likely but possible — Pagasa View commentscenter_img Do not bring these items in SEA Games venues Don’t miss out on the latest news and information. John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Dario Saric scored 16 for Philadelphia, which won for the sixth time in seven games. T.J. McConnell had 15 points — all in the second half.Just one week after Boston erased a 22-point deficit on its way to a 114-103 victory over Philadelphia in London, the Sixers led by as many as 21 and turned away one last rally by the Celtics down the stretch.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutout“We knew that it was going to be the same team. It wasn’t going to be any new plays,” Embiid said. “We were just physical. Last time they played us when they had that comeback, they were more physical than us. So tonight I think we were more physical than them.”Boston played without All-Star guard Kyrie Irving, who rested a sore left shoulder. Al Horford and Marcus Morris each scored 14 points. 8th Top Leaders Forum assessed the progress of public-private efforts in building climate and disaster resilient communities Philadelphia 76ers’ Joel Embiid (21) beats Boston Celtics’ Jaylen Brown (7) to the ball during the fourth quarter of an NBA basketball game in Boston, Thursday, Jan. 18, 2018. (AP Photo/Michael Dwyer)BOSTON — Joel Embiid is headed to the NBA All-Star game for the first time, and he celebrated with another impressive performance.Embiid scored 26 points and matched a career best with 16 rebounds, leading the 76ers to an 89-80 win over the Boston Celtics on Thursday night.ADVERTISEMENT MOST READ Marcus Smart scored 13 and Jaylen Brown had 12 points for Boston.Embiid scored 10 in the third quarter and McConnell had nine points in the period, helping the Sixers pull away. Jayson Tatum’s 3-pointer with 2:01 remaining trimmed Philadelphia’s lead to 86-79, but Boston’s rally fizzled from there.PLAYOFFS?Halfway through the season, much-improved Philadelphia (21-20) is in playoff contention. The Sixers are coming off wins against the top two teams in the Eastern Conference this week in Toronto (30-13) and Boston (34-12).“We feel like we’re right there with them,” Embiid said. “I don’t know what seed we’re going to be, but that’s a potential matchup in the playoffs, so you always want to come out and like try to dominate, let them know that it’s not going to be easy.”ALL-STAR INDEEDEmbiid pulled down 16 rebounds for the third time in his career. He got the news earlier Thursday that he was the first Philadelphia player selected as an All-Star starter since Allen Iverson in the 2010-2011 season. Embiid is the first Sixers All-Star since Jrue Holiday in 2013.“I’m just very proud of him,” coach Brett Brown said.TIP-INS76ers: McConnell was coming off a career-high 18 points Monday against Toronto. … JJ Redick, who injured his left leg Monday against Toronto, did not play.Celtics: Irving made the All-Star game for the fifth time. … The Celtics honored Jo Jo White, a two-time NBA champion who played 10 seasons for Boston, with a video tribute and a No. 10 draped over his regular seat. White died Tuesday at age 71.UP NEXT76ers: Host Milwaukee on Saturday night. Trending Articles PLAY LIST 00:50Trending Articles02:29Giannis Antetokounmpo powers Bucks in bounce back win over Celtics01:43Who are Filipinos rooting for in the NBA Finals?01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon Citylast_img read more

Wrestling referee Virender Malik suspended for alleged sexual assault

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first_imgInternational wrestling referee Virender Malik has been suspended by the Wrestling Federation of IndiaTwo days after his arrest in Glasgow, International wrestling referee Virender Malik has been suspended by the Wrestling Federation of India with immediate effect for alleged sexual assault. Shame at CWG.Shame at CWG The reports suggest that Virender Malik has been arrested for alleged sexual assault while Indian Olympic Association (IOA) secretary Rajiv Mehta was also arrested for alleged drunken driving.Also Read: IOA officials held for drunken driving, sexual assault in Glasgow According to a Scotland Yard spokeswoman, a 49-year-old man was arrested following reports of alleged drunken driving in City Centre of Glasgow on August 2nd. And on the same day, a 45-year-old man was arrested following reports of an alleged sexual assault in the west of Glasgow.It was also established that both Mehta and Malik were not part of the Indian contingent but went to Glasgow in their respective official capacities. Mehta was an invitee of the Commonwealth Games Federation (CGF) and presented medals to winners. Malik had officiated in the wrestling competitions in the Commonwealth Games.The reports published in Asian Lite, a London newspaper, suggested that Mehta was allegedly driving without a licence at Glasgow city centre and was above the legal alcohol limit and Malik was allegedly involved in sexual assault in a hotel in the west of Glasgow.The Indian High Commission in London, in a statement on Sunday, said they are closely monitoring the case.”We have learnt about the detention of two members of the Commonwealth games contingent (sic) by the local (Glasgow) police. Our consulate in Edinburgh has deputed an official to Glasgow to keep in close touch with the police authorities to ascertain full factual details of the case. We are also close in touch with the team,” the High Commission said in a statement.advertisementIOA president N Ramachandran said it was unfair to jump to any early conclusion.last_img read more

Used to winning in high school, Jennifer Nieva left frustrated as NU continues to fall

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first_imgBloomberg: US would benefit from more, not fewer, immigrants MANILA, Philippines—Having won four straight titles in high school, losing is new to Jennifer Nierva.ADVERTISEMENT PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Google Philippines names new country director MOST READ With National University at nearly the bottom with a 2-7 record in the UAAP Season 81 women’s volleyball tournament,  Nierva couldn’t help but become emotional especially when defending champion De La Salle swept her team 25-20, 25-18, 25-10 Wednesday.“I never felt this in high school that we were losing this much and we have this kind of standing,” said Nierva, who played for Nazareth School of National University, in Filipino. “The team’s shorthanded right now and it’s really hard for me because I’m used to winning, that we’re performing in a high level.”FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logistics“I have a different standard every time I play.”Nierva together with Ivy Lacsina, Princess Robles, and Joyme Cagande made up the core of those NU high school teams that had their way in the UAAP for almost half a decade, but it’s been a different story once they moved up to the collegiate level. Wintry storm delivers US travel woes before Thanksgiving Trump tells impeachment jokes at annual turkey pardon event LATEST STORIES Compounding their misery is the absence of Cagande, the team’s setter, after suffering a knee injury in their first game of the season.Nierva, who had 18 excellent digs and 23 successful receptions, said she just wants what’s best for the team and when the opposite happens she can’t help but be frustrated.“Every time I play, I always want what’s best for the team and every time I can’t see that I become disappointed at myself because I know I can do better,” said Nierva. “That’s why I became emotional earlier, I think I was disappointed at myself during the game.”“I know I could’ve given more and we could’ve had a better outcome during the game.”ADVERTISEMENTcenter_img Caitlin Viray breaks out of her shell to give Tigresses a boost Private companies step in to help SEA Games hosting Cayetano: Senate, Drilon to be blamed for SEA Games mess Sports Related Videospowered by AdSparcRead Next Colombia protesters vow new strike after talks hit snag Panelo: Duterte ‘angry’ with SEA Games hosting hassles View comments Don’t miss out on the latest news and information. last_img read more

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