Housing Wire

APRIL 2, 2021

Sales in general are still high, per Redfin Chief Economist Daryl Fairweather — 59% of homes that went under contract in the current four-week period had an accepted offer within the first two weeks on the market — but the recent low numbers suggest some homebuyers have reached their limit on high home prices and bidding wars.

Contracts 477

Contracts Buyers Renovations Government 477

Eppraisal

OCTOBER 20, 2023

Are you planning a home renovation to increase your property's value or preparing to sell your home in the future? Home renovations can be exciting and rewarding but can also come with their fair share of challenges. Plumbing Issues Plumbing issues can be a major headache during a renovation.

Renovations 36

Renovations Supply Chain Inspection Modernization 36

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

We also use the MLS to analyze the market trends and to make market-based adjustments for things such as changes in sales prices, as well as features of a home that have a major impact on market value, like finished square footage, bedroom, and bathroom count, lot size and so on.

Agents 374

Agents Appraisal Renovations Development 374

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Going for an as-is home sale eliminates the need for a lengthy renovation process. Moreover, buyers sometimes prefer to renovate the home according to their taste.

Renovations 221

Renovations Buyers Appraisal Investing 221

Cleveland Appraisal Blog

MARCH 25, 2023

Having had our kitchen gutted and remodeled a couple of years ago, I can honestly say that I had not thought about this question before our renovation. Also, if you are planning on doing a complete gut renovation of your kitchen, it is best to go for a larger dumpster, as the amount of debris generated will be significant.

Supply Chain 280

Supply Chain Renovations Appraisal Market Value 280

Housing Wire

FEBRUARY 9, 2021

A homebuyer’s guide to a competitive housing market. Four renovations to consider before selling your house. There’s a chance they may be willing to accept a lower offer on the home — especially if they’ve already moved out, bought another property or it’s a buyer’s market and there’s little demand for the property.

Appraisal 450

Appraisal Real Estate Agent Sellers Real Estate 450

Housing Wire

APRIL 22, 2021

Robbin Sutton with DASH Realty Carolina has been a broker for 20 years, and she’s never seen anything like the current housing market in the Raleigh-Durham metro. ” Hennessey said his company pivoted to doing mostly renovations in the past few months, declining new builds in order to save money.

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Buyers Inventory Renovations Realty 423

Housing Wire

MAY 20, 2022

Roofstock Marketplace , for example, offers services to help sellers who need to sell their homes fast, including key market insights to help with pricing. It may be a seller’s market for a while, but then switch to a buyer’s market, or the market could come to a halt altogether. 7 Ways to Sell your House Fast.

Real Estate Agent 367

Real Estate Agent Tenants Real Estate Agents 367

Cornerstone

MAY 4, 2021

But before you sign any contracts, keep in mind that there’s something unique going on in today’s housing market. Many more homebuyers are competing for available houses, and renovations might not be as necessary as they were to sell competitively just a few years ago. It may help to know that: 1. projects. .”

Renovations 41

Renovations Home Improvement Loan Officers Real Estate Agent 41

Housing Wire

APRIL 9, 2021

Ours is to buy at the market price and sell it at higher-than-market price and give 100% of the upside to the consumer.” Its agents are tasked with marketing and selling the home, using their local expertise, Raveis said. WRRE has offers under contract plus more in the pipeline.

Brokerage 399

Brokerage Real Estate Clients Insurance 399

Housing Wire

OCTOBER 24, 2022

If anyone knows of anywhere that could be a good fit with my 20+years in maintenance/renovation leadership in multi-family, single family, or senior living, please pass my name along. We will use it to continue to build out our business and continue to invest a bit more in marketing,” Beasley said about SoftBank prior to the funding decision.

Real Estate 325

Real Estate Investing Investors Business 325

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. baths, 45,000 sq.ft.,

Tools 64

Tools Appraisal Renovations Design 64

Birmingham Appraisal

JULY 7, 2022

With the current shift in the real estate market, we may see changes in sales activity that will affect your home’s value. The market is constantly changing and it is important to keep up with what is happening if you want to stay current on property values. What Are Some Reasons Your Home May Not Appraise?

Appraisal 66

Appraisal Marketing Contracts Buyers 66

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

Appraisal Buzz

JUNE 6, 2022

As appraisers, when we think of improving our skills and appraisal services, we often think about upping our game on market analysis, improving our report layouts, or venturing into a new property type. But the other problem is that it undercuts the contract you’re entering when you agree to perform the appraisal.

Appraisal 221

Appraisal Clients Appraisal Process Inspection 221

The Robert Weiler Company

JUNE 17, 2022

An investment in this market can provide reliable cash flow, steady appreciation, lower maintenance and management efforts per unit, and diversification of an investor’s portfolio. The latter can be a lot cheaper but the amount of renovations required might end up costing you more in the long-run. Apartmentbuildings.com.

Property Management 147

Property Management Renovations Real Estate Investing 147

Cleveland Appraisal Blog

JUNE 17, 2022

When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. USPAP and the Contract – Tim Andersen, The Appraiser’s Advocate Podcast.

Appraisal 279

Appraisal Development Market Value Tenants 279

McKissock

JANUARY 31, 2023

We don’t just pull numbers out of the air—they are market supported adjustments backed by ‘many angles’ of research.” ” Appraisers do not assign value “Appraisers do not dictate a home’s value, the market does.” ” “The definition of market value.” That determines value.

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Birmingham Appraisal

AUGUST 23, 2023

Understanding the Roles: Agents and Appraisers: Real estate agents bring their expertise in marketing and negotiations, while appraisers provide impartial and accurate property valuations. This can come in the form of a pre-listing appraisal to help establish a market-supported asking price for the seller.

Agents 85

Agents Appraisal Valuation Appraisal Process 85

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

But did you know there are a number of other reasons you should be contracting an appraiser to perform a professional valuation on your property? In todays crazy market, many people are choosing to pay more just to get into a house, but with an appraisal it would be a willing choice based on being informed.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

Cleveland Appraisal Blog

JUNE 18, 2022

While most states allow fair market value to be established using traditional appraisal approaches (e.g. If you’re an appraiser and you are looking to sharpen your skills in analyzing the market, check out George Dell’s Stats, Graphs, and Data Science 1 which will be starting next week! Click below to sign up or learn more.

Appraisal 309

Appraisal Law Development Valuation 309

Birmingham Appraisal

FEBRUARY 28, 2023

These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price. Sellers should be transparent about any issues with the property, such as previous damage, repairs, or renovations.

Sellers 82

Sellers Real Estate Appraisal Appraisal Process 82

Simonson Real Estate

JULY 10, 2020

Examples: Owner-occupied properties don’t have a lease in place and so the property is appraised based on market rents. The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. What is Market Value As Is and When is it Used? Note that U.S.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

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

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Condition: The overall condition of a property, including its structural integrity, maintenance, and any necessary repairs or renovations, affects its appraisal value.

Real Estate Agent 79

Real Estate Agent Real Estate Agents Appraisal 79

Eppraisal

DECEMBER 22, 2023

An increasing number of people, around 10% of homeowners , are opting to renovate their homes before selling — a trend gaining popularity worldwide.  Homes The enhanced appeal and perceived value can lead to a faster sale, reducing the time your property spends on the market.

Home Improvement 36

Home Improvement Real Estate Modernization Renovations 36

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. On the flip side, do not feel the need to make costly renovations to your home, as upgrades don’t always translate into a higher appraisal value.

Appraisal 148

Appraisal Appraisal Process Real Estate Agent Renovations 148

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. What should appraisers look for in a sales contract?

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

Realtor

APRIL 14, 2021

The housing market has been red-hot for a while, but the current market conditions make buying more of a challenge than ever. There is a shortage of houses in many markets. And while home prices may be high now, Schinkel points out that the market is continuing to appreciate. Research down payment assistance programs.

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

Appraisal Today

JANUARY 19, 2024

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. An example of this in real estate appraisal is the purchase and sale contract. In and of itself, it is not market value. But I never did any marketing.

Appraisal 73

Appraisal Contracts Real Estate Architecture 73

Listing Spark

JULY 21, 2023

Without the right knowledge and expertise, you might find yourself with a property that has extensive foundation problems or a post-renovation value that doesn’t reach your break-even point. If you’re a seller and you can’t post your listing on MLS, then you can’t effectively reach the vast majority of the market.

Real Estate 36

Real Estate Real Estate Agent Agents Investors 36

Birmingham Appraisal

DECEMBER 19, 2023

In addition to information about recent updates and renovations, you should also include the sales you used when pricing the home (your CMA). Lastly, you can also include information that you believe contributes to the marketability of the property. In this scenario, the home will probably sit on the market for an extended time.

Real Estate Agent 72

Real Estate Agent Real Estate Agents Appraisal 72

Appraisal Today

JANUARY 12, 2024

FHFA Report: Underutilization of Appraisal Time Adjustments Published: 1/8/2024 Excerpts: Fannie Mae, Freddie Mac, and Federal Housing Administration appraisal guidelines require such adjustments whenever market conditions have been changing. My market is very volatile. They are one of the easiest adjustments to make. Worth reading.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Lamacchia Realty

FEBRUARY 22, 2023

This too shall pass.” – Anthony Lamacchia, Broker/Owner The New England housing market is off to a slow start in 2023 with home sales down about 30% in January 2023 compared to this time last year. Listen to Anthony talk about the current housing market in more detail on Boston25 morning news here ! over this time last year from 6.34

Real Estate 70

Real Estate Sellers Contracts Buyers 70

Boston Appraisal

DECEMBER 11, 2023

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal fee may also be influenced by the market demand, the competition, and the regulations.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Easement 78

Appraisal Today

APRIL 5, 2024

I’m always looking for something new == The Full Measure with Kevin Hecht: March 2024 Housing Market Insights By Kevin Hecht, March 28, 2024 Excerpts: In this installment of The Full Measure with Kevin Hecht, uncover March 2024 housing market insights, plus key takeaways for residential appraisers. baths, 6,263 square feet, 2.23

Appraisal 77

Appraisal Contracts Business Construction 77

PennyMac

SEPTEMBER 6, 2023

This is especially true if home sellers are trying to move quickly or are hoping to avoid costly renovations. Selling a House As Is Selling a house as-is means the homeowner will not make repairs or renovations before selling it to a buyer, even if the home has structural concerns or is in poor condition. Rent your home out.

Renovations 36

Renovations Inspection Sellers Buyers 36