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RESAAS Empowers Real Estate Agents to Access Assumable Mortgage Properties Data to Enhance Sales
RESAAS Empowers Real Estate Agents to Access Assumable Mortgage Properties Data to Enhance Sales ...
About this update from Resaas Services, Inc.
[{"type":"text","content":"\n \n \n \n RESAAS Empowers Real Estate Agents to Access Assumable Mortgage Properties Data to Enhance Sales\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n April 2, 2024\n \n /CNW/ - RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF), (\"RESAAS\" or the \"Company\"), a leading provider of technology solutions for the Real Estate Industry and world's largest real estate agent's platform, today announced an innovative new solution that empowers Paying RESAAS Ultimate subscribers with Unique Real Estate Data that lists homes for sale with mortgages that are assumable. All Real Estate Agents have to upgrade to RESAAS's monthly paid-subscription to unlock access to this valuable data.\n \n \n \n \n \n \n \n \n \n Approximately 20% of mortgages in\n \n the United States\n \n are assumable. This allows Homebuyers to inherit existing mortgages on a home, which includes the balance, remaining term, and most importantly, existing interest rate.\n \n \n 2023 saw the lowest number of existing home sales in recent years, with less than 4,000,000 sales recorded. As such, Real Estate Agents are strongly motivated to offer any advantage to increase transactions. According to\n \n www.statista.com\n \n there have been 5,000,000 to 7,000,000 home sales annually in the US since 2014.\n \n \n \"There is an ongoing housing shortage with multiple offers still occurring. That's due to many homeowners who purchased or refinanced at super low rates a few years ago and therefore are refusing to give that up for a higher current prevailing mortgage rate,\" said\n \n Lawrence Yun\n \n , Chief Economist at the National Association of Realtors®, which\n \n partnered with RESAAS last year\n \n . \"If mortgages can be assumable – which is the case for Federal Housing Administration (FHA) and Veterans Affairs (VA) loans under certain circumstances – then the life changing circumstances would generally lead to more listings. The housing market needs more supply to help satisfy more of the pent-up housing demand.\"\n \...