Remove 2005 Remove Buyers Remove Contracts Remove Design
article thumbnail

Desktop Appraisals: Who, When, and Why

Appraisal Today

40 acre lot, Built in 2005 “The village of Highlands is some of the most expensive real estate in the Carolinas,” Jackson (listing agent) says. “It Why Doesn’t Anyone Want Tulsa’s Frank Lloyd Wright-Designed Home? The 10,405-square-foot manse was designed in 1929 by the famed architect for his cousin, Richard Lloyd Jones.

article thumbnail

Appraisal Reviews – The Good and The Bad

Appraisal Today

When I did lender res appraisals for direct lenders before 2005, I was usually only contacted if I had a typo: address, no value, etc. Home purchase applications continued to be held down by rapidly drying up demand, as high mortgage rates, challenging affordability, and a gloomier outlook of the economy kept buyers on the sidelines.”.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Appraisers and Property Data Collectors

Appraisal Today

Will Jazz Icon Dave Brubeck’s Former Midcentury Treehouse in NorCal Sway a Buyer for $3M? The unique design of the house is its most impressive feature,” says listing agent Emma Morris, of Red Oak Realty. You don’t see this type of design every day. I finally quit doing residential lender appraisals in 2005.

article thumbnail

NAR Member Survey on Appraisal Data Collectors

Appraisal Today

A buyer gets a seller’s disclosure statement for that information. At the entry, there are two huge boulders that have been incorporated into the design of the home, so you feel like you are really connected with the outdoors,” Paluscio (real estate agent) noted. For example, I’m appraising a Victorian built before 1910.

article thumbnail

Appliances for FHA appraisals

Appraisal Today

I am so glad I quit doing residential lender appraisals in 2005! = That has made it hard for some individual sellers of existing homes to compete for buyers. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.80 I was not aware of my bias.

article thumbnail

Strange Properties Appraisers Have Seen

Appraisal Today

Nearly one-third of prospective buyers (32%) say the same if the home were in their desired location. I quit all residential lender appraisals in 2005 due to the cyclicality. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.90 percent from 7.70

article thumbnail

Tips on appraising new construction homes

Appraisal Today

Trying to use the 2005 URAR form is sometimes like trying to put a square peg in a round hole! Because of the recent very strong purchase market, using VA for buyers has been more difficult in many areas as VA loans can take longer to close. Local architect William Lang designed the home with a signature three-story.