Housing Wire

JULY 6, 2022

PFSI), which ranks as one of the top five mortgage lenders nationally, are seeking to raise more than $700 million in the debt markets through the sale of notes secured by mortgage servicing rights. The notes are backed by Ginnie Mae mortgage-servicing rights, according to a presale report by Kroll Bond Rating Agency (KBRA).

Investing 326

Investing Finance Mortgage Market Value 326

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them.

Contracts 52

Contracts Appraisal HOA Architecture 52

Housing Wire

JULY 13, 2022

June was a rough month for jumbo-mortgage securitizations, with only two private-label offerings brought to market valued at roughly $821 million. The two jumbo-loan deals that did make it out of the gate last month were issued by Rocket Mortgage and J.P. Morgan Chase via the Rocket Mortgage Trust and J.P.

Mortgage 340

Mortgage Market Value Marketing Contracts 340

Housing Wire

NOVEMBER 2, 2021

The prior announcement was stunning in its own right, and led to revelations that the company bought homes for well above market value, and re-listing homes for less than what they were bought for. By close of the market Tuesday, the company’s stock price had tumbled 12% during the day, trading at $87.20

Market Value 393

Market Value Real Estate Agent Agents Business 393

Housing Wire

JUNE 2, 2022

Morgan announced that it had settled its first tokenized transaction involving money-market fund shares as collateral — with plans to eventually pursue blockchain-based transactions for tokenized collateral involving equities and fixed-income securities, which include mortgage-backed securities (MBS). You don’t need it.”.

Technology 372

Technology Investing Investors Mortgage 372

McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? CE course: Avoiding Mortgage Fraud.

Appraisal 103

Appraisal Contracts Market Value Clients 103

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.

Real Estate 86

Real Estate Appraisal Marketing Market Value 86

Will Springer Realtor

OCTOBER 19, 2021

Buyer is financing the purchase through a mortgage lender and the underwriter wishes to confirm the value of the home before issuing the loan. (No No lender will approve a mortgage on a home that is valued less than the agreed sales price.). housing market is 7% of all mutually accepted contracts.

Contracts 41

Contracts Appraisal Sellers Real Estate Agent 41

Housing Wire

JUNE 11, 2021

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned.

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Inspection Appraisal Buyers Appraisal Process 423

Cleveland Appraisal Blog

SEPTEMBER 30, 2022

However, enough information should be shared to help the reader begin to develop an idea of how the property being appraised fits into the overall market. This first section of the report discusses some of the positive and negative aspects of a neighborhood that may impact market value. NEIGHBORHOOD. IMPROVEMENTS. How big is it?

Appraisal 342

Appraisal Development Market Value Clients 342

Lamacchia Realty

OCTOBER 13, 2022

Closed comparable sales, also known as ‘comps,’ are used to approximate market value for residential properties. All else being equal, the more recent the sale is, the more weight should be placed on the comp’s value. Historically, in a balanced market, comps sold within six months were acceptable to use.

Marketing 70

Marketing Sellers Buyers Market Value 70

Realtor

OCTOBER 29, 2020

Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Get final mortgage approval. Clear the title.

Buyers 208

Buyers Inspection Contracts Real Estate Agent 208

Clear Capital

FEBRUARY 23, 2024

For example, a home in a shared equity program is sold at a below-market price, affordable to those making less than 80% of the Area Median Income. Anything in excess becomes “shared equity” and is passed on to future owner-occupants as the house will continue to transact below market price.

Valuation 36

Valuation Market Value Contracts Appraisal 36

Appraisal Today

JULY 1, 2023

Their volume went up and down with mortgage rates, but they always had some appraisals to fee out. NOTE: Please scroll down to read the other topics in this long blog post on new online Fannie forms, highest and best use, real estate market, unusual homes, mortgage origination stats, etc. More Crazy Appraiser Stories!

Appraisal 85

Appraisal Contracts Market Value Mortgage 85

Appraisal Today

APRIL 26, 2024

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. I have done a lot of estate appraisals.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

D Fritz Appraisals

FEBRUARY 22, 2023

Taking equity out of your home to buy another house can be a financially advantageous option, as it allows homeowners to tap into the built-up value of their primary residence without worrying about saving up for a second mortgage. It represents the difference between what they owe on their home and its current market value.

Real Estate 124

Real Estate Investing Appraisal Market Value 124

Eyes on Housing

JUNE 12, 2023

1 Financial Accounts of the United States shows for a third consecutive quarter the value of households’ real estate assets contracted. The combination of economic uncertainty and declining home prices has played a role over the past year in decreasing the value of households’ real estate assets.

Real Estate 182

Real Estate Contracts Market Value Marketing 182

Simonson Real Estate

JULY 10, 2020

Under fee simple ownership, a property owner may occupy the property and have the right to sell, lease, mortgage, or give an interest away. Examples: Owner-occupied properties don’t have a lease in place and so the property is appraised based on market rents. Value Scenarios. What is Market Value As Is and When is it Used?

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Appraisal Today

SEPTEMBER 15, 2023

The 21 percent who cite other challenges are most likely to cite lack of business/slow market, rising interest rates, low fees, and to reiterate pressure from AMCs. No one is allowed to provide a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer? UPDATED No.

Appraisal 82

Appraisal Real Estate Agent Contracts Real Estate 82

Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.

Appraisal 77

Appraisal Construction Contracts Architecture 77

Appraisal Today

JANUARY 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. An example of this in real estate appraisal is the purchase and sale contract. In and of itself, it is not market value.

Appraisal 73

Appraisal Contracts Real Estate Architecture 73

Appraisal Today

MAY 17, 2024

I always do market conditions adjustments (or explain why not) and for views and other factors that significantly add to value. Not for a number, but about marketability. Originally hitting the market in 2022 for $72 million, the estate has seen various price decreases since then. I use Excel and MLS data.

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Tools Appraisal Renovations Design 64

Simonson Real Estate

DECEMBER 6, 2022

Under fee simple ownership, a property owner may occupy the property and also has the right to sell, lease, mortgage or give an interest away. Examples: Owner occupied properties don’t have a lease in place and so the property is appraised based on market rents. Clarify What Value or Values are Needed.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

AmeriMac

OCTOBER 5, 2022

If you are in the process of buying a home, getting a home appraisal of the property can help you to get the correct market value for the home so that you don’t pay too much for it. Getting a purchase appraisal while you are in the process of buying can affect both the overall cost of the house and the amount of your mortgage.

Appraisal 36

Appraisal Mortgage Market Value Sellers 36

Lamacchia Realty

APRIL 15, 2022

When Will the Housing Market Change? Now all the above factors are finding a place to land, and everyone is asking: When will the market change? Rates dropped to historic lows to keep buyers buying, prompting an influx of new applications and re-finances as obtaining a mortgage was more affordable than ever. Mortgage Rates.

Marketing 66

Marketing Sellers Buyers Inventory 66

Appraisal Today

FEBRUARY 9, 2024

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” MORTGAGE LENDING IS VERY, VERY CYCLICAL.

Appraisal 80

Appraisal Contracts Insurance Construction 80

Appraisal Today

NOVEMBER 25, 2022

I will be writing about this in an upcoming issue of the monthly Appraisal Today, with lots of marketing and expert witness tips. NOTE: Please scroll down to read the other topics in this long blog post on Graphs and Trendlines, Market Value definition, appraisal forms, unusual homes, mortgage origination stats, etc. ==.

Appraisal 52

Appraisal Market Value Contracts Finance 52

Birmingham Appraisal

FEBRUARY 20, 2024

It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what. While agents and appraisers cannot discuss value we can talk about the property and why they may have priced it at what they did.

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Agents Appraisal Real Estate Agent Bracketing 89

Cleveland Appraisal Blog

MARCH 18, 2021

This area has suffered economically for many years, though market conditions are improving. By the way, I did apply market adjustments in my report to reflect this. The MLS reflected it as a pending sale with zero days on the market. So, it does not appear to have been exposed to the market. WHAT SHOULD AN APPRAISER DO?

Appraisal 195

Appraisal Investors Buyers Market Value 195

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. You can say no to the counteroffer, accept it or propose new changes to the contract. Arriving at a verbal agreement differs from being in a contract.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes.

Realtors 80

Realtors Appraisal Market Value Real Estate Agent 80

Appraisal Today

OCTOBER 6, 2023

It was my favorite class as we could focus on issues in our current market. unusual homes, mortgage origination FNMA Continued Effort to Get Rid of Appraisers By Jonathan Miller, Sept. and “Are we getting the most probable value?” in context of a comprehensive database of property characteristics and market transactions.

Appraisal 77

Appraisal Contracts Real Estate Mortgage 77

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

McKissock

JUNE 8, 2021

So, what if a client provides a sales contract to the appraiser after the report is completed, and the appraised value estimate is five percent above the contract price? Conversely, what if the contract price was five percent higher than the appraised value estimate? Is the client going to fuss? Not likely.

Appraisal 73

Appraisal Contracts Clients Law 73

Appraisal Today

JANUARY 20, 2023

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. NOTE: Please scroll down to read the other topics in this long blog post on AMC fees, Real estate forecast, Google Business Profile, unusual homes, mortgage origination stats, etc.

Appraisal 52

Appraisal Contracts Sellers Business 52

Realtor

OCTOBER 29, 2020

Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Get final mortgage approval. Clear the title.

Buyers 78

Buyers Inspection Contracts Real Estate Agent 78

McKissock

OCTOBER 3, 2021

As part of our contributor series, Daniela Andreevska , content marketing director at Mashvisor , talks about investment property strategies. As a wholesaler, you need to find a property for sale, acquire a contract from the seller, identify a buyer, and assign the contract to him or her.

Investing 87

Investing Real Estate Real Estate Agent Realtors 87