Remove 2008 Remove Contracts Remove Inspection Remove Sellers
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Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices.

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NFT mania and the future of the home sale

Housing Wire

Absolutely, I will offer an NFT option to sellers within the next year,” said Richard Hopen, a Compass agent in Short Hills, New Jersey. The Gulfport seller, Heckler explained, created a limited liability company that held ownership of the home. Propy then guided the seller into minting the LLC as an NFT.

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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical. .” Was the seller highly motivated?

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NAR Member Survey on Appraisal Data Collectors

Appraisal Today

To me, the big issue is who is doing the inspections. A buyer gets a seller’s disclosure statement for that information. Most of the inspection training we receive as appraisers happens in the field. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing.

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How to Take Advantage of the Cooler Summer Market

Lamacchia Realty

The informed consumer should not be misled into thinking that this means we’re going to endure a major housing correction or 2008-like scenario. The book of mortgages that have been written in the last 10 years are the strongest book of mortgages in any single decade ever and the opposite was the case leading up to 2008.

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New 2024 USPAP Q&As

Appraisal Today

Personal Inspection I recently completed an appraisal on a residential dwelling for Lender A that sells loans to Fannie Mae and Freddie Mac and the report was completed on a GSE form. Lender B indicated there wasno need for me to re-inspect the home, since my previous inspection date was only a few days earlier. percent from 6.75

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Is This Discrimination?

Cleveland Appraisal Blog

When I made my inspection, I measured the property. Perhaps the sellers had a pool of buyers looking for homes to buy in this area. Therefore, my opinion of value was in the mid-sixties, which was far below the contract price. Whether or not the seller makes a lot of money on the deal is none of my concern.

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