Birmingham Appraisal

AUGUST 23, 2023

Facilitating Smooth Appraisal Process: Agents can help streamline the appraisal process by providing access to the property, relevant documents , and accurate property information, allowing appraisers to perform their valuations efficiently. Their combined insights aid clients in understanding the true value of these properties.

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Agents Appraisal Valuation Appraisal Process 82

D Fritz Appraisals

MARCH 16, 2021

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. HOA documents – if you live in an HOA neighbourhood, the appraiser will need to see the costs, regular maintenance schedule, history of fee increases, etc.

Appraisal 126

Appraisal HOA Easement Valuation 126

Appraisal Today

NOVEMBER 3, 2023

FHFA’s Desktop Appraisal Oversight: OIG Report Highlights Documentation Gaps Oct 31, 2023 Excerpts: The lack of consistent record-keeping on desktop appraisal reports could pose risks to financial safety, with the OIG pushing for increased transparency and improved monitoring. percent from 7.90 percent, with points decreasing to 0.73

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Appraisal Contracts Architecture Mortgage 77

Boston Appraisal

DECEMBER 11, 2023

You should also disclose any special circumstances or contingencies that may affect the value of the property, such as repairs, renovations, easements, or encroachments. Appraisals are needed for a range of reasons, such as a property purchase, or a refinance, divorces, estate settlements, or tax purposes, etc.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Easement 78

McKissock

JULY 19, 2022

Lack of documentation. Hasty changes to terms and conditions of the housing contract. Sellers are often on a time crunch to get properties locked into a contract, which leaves little time to properly deal with the unexpected. Overselling a recently renovated area of the house. Avoids sending further pictures upon request.

Real Estate 98

Real Estate Real Estate Agent Sellers Agents 98

Eppraisal

JANUARY 23, 2024

    Contractor Con Artists Each state has its own laws, but contractors must provide proof of licensure and insurance before starting home renovations. ●      When unsatisfied with remodels and repairs, make copies of documents and take pictures of poor-quality work before pursuing legal action.

Legal 36

Legal Real Estate Agent Lending Real Estate 36

Eppraisal

JULY 28, 2023

AI-driven VR platforms can adapt to user interactions, enabling them to move through rooms, change lighting conditions, and even visualize potential renovations. Virtual property tours allow buyers to explore houses remotely, providing an immersive experience that goes beyond static images.

Real Estate Agent 36

Real Estate Agent Real Estate Sellers Buyers 36

Listing Spark

FEBRUARY 28, 2024

You can also upload photos of your home, documentation for key aspects (such as roofing warranties or proof of renovations), required documents, and even video. One of the most crucial elements of your listing is the asking price of the property. But don’t take it down just yet.

Real Estate Agent 36

Real Estate Agent Agents Real Estate Tools 36

Listing Spark

SEPTEMBER 27, 2023

You’re an advisor, a guide who manages the negotiations and technical contract elements of a real estate transaction while helping your clients steer their own buying and selling strategies. Document Management Tools Document management tools are especially vital if you serve investors.

Realtors 36

Realtors Investing Real Estate Clients 36

McKissock

SEPTEMBER 28, 2020

For example, a group of investors might buy some apartments in Manhattan and renovate them. You can also reduce your taxable income when you deduct the purchasing and renovating costs of a property from its useful life. Syndicates also have a lifespan during which your money is tied up in the business.

Investing 52

Investing Real Estate Investors Tenants 52

Birmingham Appraisal

JULY 7, 2022

An appraisal is recorded documentation that reports on this behavior as it relates to properties that are similar to the one being appraised. If the factors that affect this change are not taken into consideration when pricing a home for sale then the appraisal and the contract price may not line up.

Appraisal 63

Appraisal Marketing Contracts Buyers 63

The Robert Weiler Company

SEPTEMBER 25, 2020

As such, user-friendly software that allows tenants access to their accounts and documentation can go a long way in satisfying your tenants. Manage resources and contract negotiation. When it comes down to property maintenance, relationships could hold the key to timely repairs and renovations.

Property Management 143

Property Management Tenants Real Estate Inspection 143

PennyMac

DECEMBER 22, 2020

Some homebuyers are intimidated by foreclosed and bank-owned homes because they often require more renovations — and a different type of negotiation — than other options on the market. Depending on the lender, you may need to submit special contract forms or paperwork. Step 6: Make an Offer.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Patch of Land

SEPTEMBER 14, 2018

Most of us likely think of fix-and-flips as investment deals that require renovation know-how or at least the ability to hire skilled contractors with that knowledge. You can build your investment portfolio from curated, pre-screened real estate projects and can view full financials, photos, appraisals, and documents to help you decide.

Renovations 28

Renovations Real Estate Investors Investing 28

Listing Spark

SEPTEMBER 5, 2023

You can sell your home as an FSBO by following these five basic steps: Make repairs or renovations to your home (if applicable). Make repairs or renovations to your home (if applicable). During this time, the buyer may have an option period where they can inspect the home and decide whether they want to stay in the contract.

Realtors 36

Realtors Real Estate Agent Real Estate Agents 36

Appraisal Today

APRIL 7, 2023

He was planning to renovate it and stay in it, but he had to relocate.” I have received several reconsideration requests in the past with only one having an attached grid because most requestors neglect attaching the supporting documents. The average contract interest rate for 15-year fixed-rate mortgages increased to 5.97

Appraisal 52

Appraisal Property Taxes Reconsideration of Value Contracts 52

Lifestyle Properties of Maine

AUGUST 6, 2019

What if the home doesn’t appraise for the contract value? ” - redfin.com An appraisal is a document compiled by the licensed appraiser only- a similar process can be followed by a real estate agent but is referred to as a BPO (broker’s price opinion) and are not accepted by lenders to qualify homes for loans.

Real Estate 28

Real Estate Appraisal Inspection Contracts 28

Aedis Appraisals

JANUARY 12, 2018

Precise estimates of renovation and improvement values. Exact Disposition: In any type of land or building transaction, the buyer and seller will likely have disparate perceptions with regard to the property’s documented valuation, which can prolong negotiations and perhaps nullify a potentially lucrative sale. Vacancy rate analyses.

Real Estate 36

Real Estate Appraisal Valuation Legal 36

AmeriMac

JANUARY 19, 2021

A low appraisal can cause the cancellation of sales contracts because a lender won’t approve mortgages higher than a home’s value. Next, you’ll have to provide documentation to support your claims. Renovating your kitchen, bathroom, or bedrooms. But the good news is you can challenge a bad appraisal.

Appraisal 36

Appraisal Real Estate Agent Market Value Real Estate 36

AmeriMac

JULY 25, 2022

The seller wants to max out the estimate based on the growing inflation and number of renovations made, while the buyer wants the best deal in the market even as home affordability worsens. Even the most well-respected appraisers can make a mistake or overlook something that could negatively impact your contract.

Real Estate 36

Real Estate Appraisal Valuation Clients 36

Listing Spark

SEPTEMBER 4, 2023

The information you will be asked to provide includes: Images or video files of the property Details about the property, such as the bedroom and bathroom count, square footage, and features Documents such as your Seller’s Disclosure form, any proof of maintenance or renovations you want prospective buyers to see, etc.

Agents 36

Agents Real Estate Tools Buyers 36

PennyMac

JUNE 28, 2022

As such, you can only draw from a pre-approved amount that is stipulated in your contract. This is especially important to look for in a contract and consider as you’re trying to decide on a lender or on applying for a HELOC. Understand typical contracts and look for fees. Home improvement. Are there annual fees?

Home Improvement 36

Home Improvement Contracts Renovations Mortgage 36

Assurance Financial

DECEMBER 20, 2021

The cost of renovations or improvements the seller made to the house. If you sell first, you can take your time considering sales strategies and making any renovations or repairs. A sale and settlement contingency gives you the legal right to exit a contract if you don’t receive an offer for your current home in time.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Raleigh Realty

MARCH 29, 2021

It also provides documentation indicating how much house you can afford. Due diligence stretches from the time you sign a contract to closing. You'll need to do some renovations. Find a Lender If you want to make an offer at any point, you'll increase your odds of being successful if you're pre-approved for a loan.

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Government Real Estate Agent Insurance Property Taxes 148

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Signed lease documents, detailed rent roll, etc.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

The Robert Weiler Company

MARCH 9, 2021

Determining rental rates and document prep: Here, too, this can be a time-consuming task. While in-house property managers can download generic documents for free, investors or owners must include the specific properties’ details. The process begins with one of the most advanced, user-friendly software systems, AppFolio.

Property Management 148

Property Management Tenants Property Taxes Business 148

Raleigh Realty

FEBRUARY 19, 2022

They can keep buyers up at night after going under contract on a home. The seller accepts your offer and you are officially under contract and the home will be marked contingent. 9 Things to Know BEFORE Your Home Appraisal Home appraisals. Here’s what you want to know about your home appraisal and the role it plays when buying a home.

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Appraisal Appraisal Process Real Estate Agent Renovations 148

Appraisal Today

MAY 26, 2023

The fraud started in 2008, one year after Roberts became a licensed appraiser, according to court documents and statements. A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. Some appraisers feel that lenders should not provide them with the purchase and sale contract.

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

FEBRUARY 16, 2024

Are you comfortable working with long narrative documents, shifting frequently from one report section to another? This totally renovated 5 bedroom home is tucked in the woods on a secluded cul-de-sac. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.87

Appraisal 81

Appraisal Contracts Training Architecture 81

Simonson Real Estate

JULY 10, 2020

Leased Fee Interest – Defined as the ownership interest held by the landlord, which includes the right to receive the contract rent specified in the lease plus the reversionary right when the lease expires. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

The Robert Weiler Company

SEPTEMBER 16, 2021

The report is a private document owned by the client, whoever commissions the appraisal. Most professional commercial real estate appraisers employ a mix of the following strategies: By cost : How much would it cost to build or significantly renovate the property? Reputable with a proven track record and locally recognized.

Real Estate 147

Real Estate Appraisal Property Appraisal Valuation 147

Listing Spark

JANUARY 22, 2024

You can also quickly coordinate closing costs, manage repairs and renovations, and put flips back on the market quickly. This includes assessing properties, scheduling repair services, reviewing and signing documents, and more. Real estate listings are bulky, especially if they include documents, images, and videos.

Real Estate 36

Real Estate Tools Investors Investing 36

Houston Properties

JANUARY 13, 2021

We also believe that there’s going to be strong appreciation for homes with the following characteristics: New / recently renovated to look “like HGTV;”. Properties are still going under contract. The typical real estate purchase process takes about 4-6 months (including being under contract for ~30-45 days).

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

PennyMac

JANUARY 3, 2024

The BuyerReady Certification is Pennymac’s unique loan certification process that confirms how much of a mortgage you will likely qualify for based on submitted financial documents. This can potentially reduce your monthly payments, freeing up money you can use for other expenses, such as home renovations, college tuition or credit card debt.

Insurance 36

Insurance Real Estate Agent Finance Renovations 36

Listing Spark

FEBRUARY 12, 2024

You should also have cash flow so you can pay for renovations and services between each sale. Negotiation and Document Management Tools When you work with an online brokerage instead of an agent, you maintain control of the negotiations and sales process. Positive Cash Flow: It’s not enough to have profitable operations.

Brokerage 36

Brokerage Investors Investing Real Estate 36

Zillow

MAY 8, 2017

For instance, when interiors photographer Josh Gibson decided to renovate his 19th-century cottage in Beaufort, SC , he had to contend with the historic district landmarks commission, which required hours of research and visits downtown. Will your project require filing documents, and if so, what is the process?

Renovations 36

Renovations Inspection Real Estate Buyers 36

Will Springer Realtor

MAY 12, 2021

The state will now empower a team dedicated to notifying affected homeowners and provide guidance to redact the language from ownership documents. The owners spent two years – and presumably hundreds of thousands of dollars – to renovate the place about 15 years ago, featuring a Chef’s kitchen with two islands, double-oven and walk-in pantry.

Real Estate 36

Real Estate Inventory Buyers Construction 36