Housing Wire

MAY 2, 2022

From drive-through closings to drone-guided inspections, industry experts got creative to meet the growing demand for new homes for a surge of homebuyers and homeowners who wanted to take advantage of low interest rates. So using the contract price as a proxy for value, the LTV cap is 90. It needs to be a single-family residential.

Appraisal 357

Appraisal Valuation Technology Inspection 357

Appraisal Today

JANUARY 5, 2024

Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M It’s known as the “Modern Montauk Tree House,” the listing notes. Arouse the suspicion of an entire neighborhood when inspecting comparable sales. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.51

Appraisal 75

Appraisal Contracts Legal Business 75

Eppraisal

OCTOBER 20, 2023

To prevent plumbing problems, hire a licensed plumber with a strong track record to inspect your existing system before starting the project. Inspect for water seepage — a common issue in older homes where water can infiltrate from the roof, walls and leaky plumbing lines.

Renovations 36

Renovations Supply Chain Inspection Modernization 36

Lamacchia Realty

OCTOBER 6, 2021

You must hire an electrician and submit to your insurance agent a contract stating that the knob and tube wiring will be replaced within 60 days. They will come out and do an inspection prior to coverage, but the inspection is free of charge. Getting Insurance for a Home with Knob and Tube Wiring.

Insurance 72

Insurance Inspection Buyers Modernization 72

Appraisal Today

MAY 26, 2023

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

JANUARY 26, 2024

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

Contracts 85

Contracts Appraisal Mortgage Inspection 85

Appraisal Today

NOVEMBER 17, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Liability, Bias, reviewers with little experience, GSE modernization, unusual homes, mortgage origination stats, etc. acre lot A spectacular midcentury modern home, cantilevered 16 feet in the air, recently hit the market for $3 million in Oakland, CA.

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Appraisal Modernization Training Business 69

Eppraisal

MARCH 28, 2023

All inspections are complete and the structure is code-approved. " There is no waiting for completion, inspection or certificate of occupancy. Existing home values are set because everything is already finished when the contract gets signed. Most new houses are protected by warranties issued by the builder or developer.

Construction 36

Construction Inspection Property Taxes Home Value 36

Will Springer Realtor

JULY 20, 2021

There was a time not too long ago when almost all residential real estate transactions required face-to-face customer interaction with a real estate agent/broker and ancillary services such as title, escrow, mortgage and home inspection. What’s a Rolodex?! Convenience. Efficiency. Concerned the hot-water heater may be on its last leg?

Real Estate 36

Real Estate Sellers Contracts Buyers 36

Clear Capital

JANUARY 5, 2023

” To arrive at a home’s value, a qualified appraiser traditionally performs an in-person inspection to assess things like amenities and conditions, then uses this information along with an analysis of comparable nearby home sales. The gap between white and Black neighborhoods was only slightly lower. percentage points for Latinos and 2.1

Appraisal 69

Appraisal Modernization Valuation Appraisal Process 69

Appraisal Today

JANUARY 20, 2023

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. Fee Appraisers will be gone in 5 years being relegated to measuring houses, property inspection, and basic condition reporting. Could a seller credit damage the chance of appraising at the purchase contract? It sounds a bit suspect, right?

Appraisal 52

Appraisal Contracts Sellers Business 52

The Robert Weiler Company

MARCH 29, 2023

With regularly scheduled inspections, potential issues are discovered early on before it turns into an emergency. Also, you can sometimes obtain maintenance services at a discounted rate when the work is contracted through the property management company. Is there a fee for early termination of the property manager company contract?

Property Management 78

Property Management Tenants Real Estate Investors 78

Appraisal Today

AUGUST 18, 2023

With the GSE appraisal modernization program, appraisers will more likely be asked to complete desktop or hybrid appraisal assignments in the future. This was the same process many of us underwent with the exterior-only (drive-by) inspections. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.57

Appraisal 75

Appraisal Contracts Inspection Real Estate 75

Appraisal Today

OCTOBER 13, 2023

Revising the definition of personal inspection For purposes of clarification, the ASB revised the definition of personal inspection to read, in part: “(for an appraisal assignment) the appraiser’s in-person observation of the subject property performed as part of the scope of work…” There are three key elements to this definition.

Appraisal 80

Appraisal Law Contracts Business 80

Appraisal Today

MARCH 8, 2024

By Peter Christensen Excerpts: Should “property data collectors” who inspect properties and provide information to real estate appraisers be licensed by state appraiser boards? The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 7.02 percent from 7.04

Appraisal 82

Appraisal Contracts Real Estate Housing Market 82

Listing Spark

MARCH 12, 2024

Your buyer likely has an option period of five days or so when they can conduct inspections and back out of the deal without losing their earnest money. They may also request amendments to the contract, either lowering the sales price or requesting repairs to accommodate whatever was found during the inspection (this is common).

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Buyers Agents Tools Contracts 36

AmeriMac

JANUARY 3, 2022

Note that this is an entirely separate process from something like a home inspection. A home inspection, on the other hand, is all about the functional quality of the home. An appraisal contingency, by association, is a condition built into the real estate contract that both buyers and sellers will need to adhere to.

Appraisal 36

Appraisal Buyers Sellers Contracts 36

AmeriMac

JANUARY 3, 2022

Note that this is an entirely separate process from something like a home inspection. A home inspection, on the other hand, is all about the functional quality of the home. An appraisal contingency, by association, is a condition built into the real estate contract that both buyers and sellers will need to adhere to.

Appraisal 36

Appraisal Buyers Sellers Contracts 36

Aedis Appraisals

JUNE 13, 2017

So, if you happen to be interested in getting a real estate appraisal in Toronto , for instance, feel free to use this article as an introductory guide to understanding the ins and outs of the modern appraisal process. Home Appraisal and Home Inspection Differences. What Is an Appraisal and When Do I Need One?

Property Appraisal 36

Property Appraisal Appraisal Inspection Real Estate 36

Zillow

JULY 25, 2016

You've made an offer on a property, the seller has accepted, and maybe you’re about to sign a contract. Get to know the property Every house, no matter if it's a 100-year-old Victorian or a modern marvel , should have some type of inspection before it's sold. Here are the top 3 ways to protect your deposit.

Inspection 36

Inspection Contracts Sellers Buyers 36

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. No inspections or appraisals? Excerpts: the 14,500-square-foot modern home where almost every room offers an excellent view. USPAP and the Contract.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

The Robert Weiler Company

SEPTEMBER 23, 2021

When buying commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. As you may remember, the young Jedi-to-be is seen inspecting with dismay his recently chartered flight, the Millennium Falcon, for a speedy trip to the planet Alderaan.

Retail 158

Retail Real Estate Business Training 158

Appraisal Today

SEPTEMBER 23, 2022

House Passes VA Appraisal Modernization Legislation. This legislation is an important first step towards broad modernization of VA appraisal processes and could make veterans’ home purchase offers more viable in today’s competitive housing market. The average contract interest rate for 5/1 ARMs increased to 5.14

Appraisal 52

Appraisal Marketing Business Contracts 52

GoForrmz

DECEMBER 13, 2022

Here are just a few categories in which GoFormz was awarded Leader status: Mobile Forms Automation Online Form Builder Inspection Management Software. From employees checking out equipment to signing contracts with our customers. Most software does not allow for that – but GoFormz does! ” GoFormz is invaluable to our company. ”

Business 29

Business Modernization Legal Inspection 29

Zillow

MAY 8, 2017

Bring in a home inspector Once you've made a verbal agreement to buy the house and are waiting for the contract to be drawn up, you'll want to hire a home inspector. Historic Homes and Modern Insurance Spectacular Renovations: Old Homes With Timeless Appeal Originally published on June 21, 2016

Renovations 36

Renovations Inspection Real Estate Buyers 36

Appraisal Today

MAY 5, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Appraisal Institute President, non-lender appraisals, Changing state appraisal laws, Fannie modernization, unusual homes, mortgage origination stats, etc. Many appraisers have expressed that they will never sign a report they didn’t personally inspect.

Appraisal 52

Appraisal Contracts Architecture Law 52

Will Springer Realtor

MAY 9, 2022

Yes, pockets of King County may experience new home listings lasting for weeks rather than days, fewer offers on homes, bids at or even below the asking price and more of them with contingencies for home inspections and other conditions. UPDATE: This home is now under contract, pending inspection. It’s modernism in Medina!

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

MAY 13, 2024

Every key data point from the Northwest Multiple Listing Service (MLS) gained ground against the previous month – as often happens with the spring housing season taking stride – including the number of new and active listings, homes going under contract and final sales. Prices rose, too, to near-record highs. The listing video is mesmerizing.

HOA 36

HOA Transportation Construction Buyers 36

Appraisal Today

NOVEMBER 20, 2022

Failures to personally inspect and photograph comparables. Every detail of the newly constructed interior was carefully thought out to maintain the unique cylindrical structure while adding a modern, minimalistic feel. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.93

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

The Robert Weiler Company

NOVEMBER 10, 2021

If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. As you may remember, the young Jedi-to-be is seen inspecting with dismay his recently chartered flight, the Millennium Falcon, for a speedy trip to the planet Alderaan.

Real Estate 78

Real Estate Retail Investing Tenants 78

Clear Capital

SEPTEMBER 29, 2021

It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers. The home inspection took longer. The lender says the home’s worth $335,000, you’re at contract at $350,000. Kenon Chen. Jeff Allen. Kenon Chen.

Sellers 69

Sellers Agents Real Estate Buyers 69

Will Springer Realtor

JUNE 9, 2021

More than 90% of builders in May reported shortages of appliances, framing lumber and other wood products: To address rising costs, some 47% of builders surveyed this spring say they are including price-escalation clauses in their sales contracts to avoid a deeper hit on their bottom lines. The listing agent calls it “modern farmhouse.”

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

SEPTEMBER 8, 2021

Just more than 4,000 homes went under contract last month across all home types in King, a 4.3% Update: The home is now Pending Inspection…sorry!]. The contemporary design by Curtis Gelotte includes rounded edges, modern kitchen and baths , private outdoor pool and views of the Seattle skyline to the west. year-on-year.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

AUGUST 9, 2022

Homes going under contract were off 4.0% (2705) from June and 30% YoY in King, while the number of sales for July was 19% lower (2535) than a month ago and off 37% YoY across the county. The number of new homes for sale fell 19% (4009) across the county from June to July and 9.5% year-on-year (YoY). Will prices continue to fall?

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Inventory Buyers New Listings Construction 36