Remove Buyers Remove Design Remove Market Value Remove Reference
article thumbnail

Savvy real estate agents look beyond ChatGPT

Housing Wire

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Creating new content, whether in the form of text, photos, videos or computer code, is referred to as generative AI. will identify which buyers require immediate contact from the listing agent. These are large language models (LLMs).

article thumbnail

Seattle’s already-hot real estate market is exploding

Housing Wire

Buying your dream home starts with being a well-prepared buyer and beginning the mortgage application process before you even look at homes. The number of days on the market before an offer is accepted is usually six days, and everyone knows it’s going to sell above market value.” Presented by: Citi.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Challenges of Appraising Multifamily Properties

Appraisal Buzz

When you calculate a house’s worth, you think about how numerous factors position the property in the current market. This process has appraisers review location, condition, and other variables so they can assess whether buyers will be interested. Reproduction refers to how much a replica would cost to build.

Appraisal 397
article thumbnail

Move over Fannie, the non-QM loan is in the fast lane

Housing Wire

In the secondary market, these non-QM loans are in demand this year and are expected to continue propelling the growth of private-label securitizations in the year ahead, according to Dane Smith, president of Versus Mortgage Capital. “We So far this year, the company has brought seven non-QM private-label deals to market valued at nearly $2.5

Lending 465
article thumbnail

What Impact Do Renovations Have on Appraisal Value?

Birmingham Appraisal

Contrary to what you see on the home improvement shows it is not always possible for an appraiser to shoot from the hip and reply back “An updated kitchen will add $50,000 to the value of your house” There are so many factors that must be taken into consideration.

article thumbnail

The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

FPI's apparent belief that most of the high-end development sold ended up as empty pied-a-terres while wealthy buyers bid up the prices is incorrect. This position seems to be derived from one of only two references cited in the FPI white paper , a fun New York Magazine cover story by Andrew Rice. They eat, sleep, work, and consume.

article thumbnail

8 Home Appraisal Cost Factors in BC: What You Need to Know

D Fritz Appraisals

A home appraisal is a legal document that determines fair market value for a property. For more information on what a home appraisal inspection consists of and how value is determined, see our previous blog post – ‘Home Appraisals – What They Look For.’ What is an Appraisal, and Who Pays for it?

Appraisal 103