Housing Wire

SEPTEMBER 24, 2021

The company has created a new vertical of loans and an entirely new LOS designed just for borrowers looking to purchase a home and renovate it to put back on the market. Because of this, there isn’t endless documentation to analyze — no W2s, bank statements or tax returns. “It It makes for a much faster underwrite,” Lind said.

Lending 356

Lending Renovations Finance Investors 356

GoForrmz

FEBRUARY 12, 2024

This encompasses initial advisory and consulting stages to post-occupancy, along with ongoing facilities maintenance and renovations. Challenge SpawGlass needed a digital form solution that could seamlessly integrate with Procore, to eliminate their reliance on traditional pen and paper documentation when completing safety procedures.

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Renovations Construction 78

Housing Wire

FEBRUARY 16, 2022

Examine previous transactions with a lender, such as funding renovations on investment property, to better understand the lender’s experience with diverse real estate projects. If your state requires a lending license, make sure a the lender is licensed.

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Real Estate Investing Investors Renovations 382

Housing Wire

FEBRUARY 28, 2024

This is because they don’t require employment or income documentation and close quickly. The answer is a separate mortgage or second lien that allows them to tap into their home equity for home renovations or debt consolidation. Real estate investors build their portfolios regardless of market conditions. trillion.

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Mortgage Investors Real Estate Business 339

Housing Wire

JANUARY 20, 2021

It’s no revelation that we all work in an antiquated system, but the coronavirus has brought into focus just how dependent the industry is on paper documents, the postal service and person-to-person contact. Finally, we need to renovate our existing housing stock. Incentivize entrepreneurs.

Renovations 397

Renovations Law Development Real Estate 397

Appraisal Hub

MAY 5, 2024

By providing pertinent information about the property upfront, such as recent renovations or unique features, agents can help appraisers gain a comprehensive understanding of the home’s value. Additionally, being accessible to answer any questions or provide additional documentation can greatly expedite the appraisal process.

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Real Estate Agent Real Estate Agents Appraisal Process 78

Housing Wire

JULY 23, 2021

Borrowers can qualify with their most recent personal or business account bank statements rather than going through an agency underwrite that requires more documentation. Fix n’ flip loans are ideal for investors and developers looking to purchase a home and renovate it.

Housing Market 424

Housing Market Marketing Inventory Lending 424

Housing Wire

JUNE 30, 2022

Not only does Flagstar offer brokers direct access to seasoned sales, support and underwriting teams, it also provides a product set that includes specialty lending options like Advantage non-agency loan, jumbos, new construction, renovation products and HELOCs, and in the pipeline, loans to foreign nationals, seconds and investor property loans.

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Lending Housing Market Technology Business 303

Housing Wire

APRIL 14, 2022

Attorney opinions do not insure against undisclosed title claims, nor cover a situation where the attorney was not negligent but the county indexed the document improperly and hence it was missed and not excepted from coverage, among other reasons.

Insurance 366

Insurance Renovations Law Real Estate 366

Housing Wire

SEPTEMBER 19, 2023

Inspecting the interior of the home is a priority in an accurate appraisal, as doing so verifies any renovations completed within the home. The appraiser makes a report Appraisers compile their data from the visual inspection and the comps into a formal document. The outside of a home tells the tale of maintenance or neglect.

Real Estate 436

Real Estate Appraisal Agents Inspection 436

Housing Wire

MAY 12, 2021

Block Renovations is a great example of a company using technology to make a multi-step process more efficient for contractors and more satisfying for customers. The bottom line in both cases was how much 3D printing and automation saved on labor costs, which can account for nearly half of a typical project’s total budget.

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Construction Logistics Technology Real Estate 450

Housing Wire

OCTOBER 10, 2023

However, it may be helpful to add short descriptions like “renovated” or “XL terrace” to show unique features of the properties you’ve included in a “Notes” section at the end of your CMA report. This gives your clients an option to review or scan the document and prepare questions if needed. They are more appropriate for an appraisal.

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Marketing Real Estate Agent Clients Tools 375

AmeriMac

MAY 15, 2024

Below are some essential strategies recommended for preparing for your upcoming relocation appraisal: Gather Essential Documentation To ensure a successful relocation appraisal, it is crucial to gather all the necessary documentation. This documentation will help the appraiser assess the value of your property accurately.

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Appraisal Market Value Mortgage Appraisal Appraisal Process 36

Housing Wire

JANUARY 31, 2023

I can plug them in with asset income documentation, Morgan figures it out, underwrites it, and provides an approval for me so I can work on some of the complex ones,” Miller said. However, had said he kept his ears open for an opportunity to move over to Mann Mortgage, which closed construction and renovation loans in-house.

Mortgage 359

Mortgage Loan Officers Retail Finance 359

McKissock

NOVEMBER 24, 2022

Renovation and Remodeling Appraisal Considerations When appraising proposed modifications, remodels, or renovations to a residential property, appraisers must decide the feasibility of the modification, if it adds any contributory value, if it extends the remaining economic life, or possibly improves the property’s marketability.

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Appraisal Renovations Architecture Real Estate 52

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.

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Appraisal Process Real Estate Appraisal Renovations 78

East Coast Appraisal

AUGUST 22, 2023

Gather Relevant Documents and Information Before the appraiser arrives, have all the documents and information that relate to your property and its performance ready. You need to take some steps before and during the appraisal process to ensure that you get the most accurate and reliable valuation possible.

Property Appraisal 52

Property Appraisal Appraisal Easement Appraisal Process 52

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

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Real Estate Agent Real Estate Agents Loan Officers 273

AmeriMac

APRIL 15, 2024

This information is used to create an appraisal report, which is a detailed document that provides an estimate of the home’s value, including its estimated value. These documents and information will help the appraiser assess the value of your home accurately.

Appraisal 36

Appraisal Appraisal Process Real Estate Renovations 36

D Fritz Appraisals

MAY 13, 2024

First, confirm that all repairs and renovations agreed upon during the negotiation, including interior and exterior work promised to the buyer, have been completed. Gather all relevant documents, such as appliance warranty information, manuals, and compliance certificates with local building codes or regulations.

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Real Estate Buyers Sellers Appraisal 116

Eppraisal

OCTOBER 13, 2023

This includes the down payment, closing costs, and any renovation or improvement expenses. This includes inspecting the property for any potential issues, obtaining professional appraisals, and reviewing relevant legal documents. A higher ROI indicates a more profitable investment.

Investing 69

Investing Property Taxes HOA Real Estate 69

Appraisal Buzz

SEPTEMBER 5, 2022

Communication took on many forms, including development of written documents stating client reporting requirements, utilizing technology platforms to increase transparency throughout the appraisal process, and developing feedback to the appraiser on appraisal submissions. Progress in Revision Rates.

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Appraisal Modernization Appraisal Process Technology 281

Birmingham Appraisal

JUNE 21, 2023

Condition: The overall condition of a property, including its structural integrity, maintenance, and any necessary repairs or renovations, affects its appraisal value. Size and Layout: The size and configuration of a property , including the number of bedrooms, bathrooms, square footage, and usable space, are critical appraisal factors.

Real Estate Agent 79

Real Estate Agent Real Estate Agents Appraisal 79

Realvals

JUNE 18, 2023

An appraisal will help establish this value and ensure you receive proper documentation for your tax records. Tax appeal boards are more likely to consider a well-documented, professionally prepared appraisal in a timely manner. This will also provide the necessary documentation in case tax authorities ask for supporting evidence.

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Appraisal Property Taxes Real Estate Market Value 145

Raleigh Realty

FEBRUARY 19, 2022

In addition to having those documents in place, it is also suggested to do the following prior to the home appraisal process: Clean your home and try to make it as presentable as possible in preparation for the appraiser. If you cannot obtain some of the information in this list, don’t stress.

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Appraisal Appraisal Process Real Estate Agent Renovations 148

Movoto

APRIL 24, 2024

Ideally, you’ve renovated and updated the property to modern standards, as this will allow you to successfully obtain an amount on the higher end. After you’ve completed a repair or renovation, you should hold onto as many useful materials as possible – whether it’s trim, shingles, ceramic tiles, or other items you’ll surely need again.

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Tenants Landlords Logistics Insurance 36

Cleveland Appraisal Blog

JUNE 18, 2022

Knowing what these additional components are is critical in making sure that the appraisal and ultimate value conclusion is appropriately documented, competent, non-speculative, and (most importantly) admissible to establish value and the just compensation to be paid.

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Appraisal Law Development Valuation 309

Eppraisal

OCTOBER 23, 2023

Once the document has signatures from both parties, do the following to see the agreement through: Deposit Earnest Money Pay an earnest deposit — 3% to 5% of the selling price — to show you’re serious about the purchase. Arriving at a verbal agreement differs from being in a contract. The seller can pick a different one.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

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.

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Appraisal HOA Easement Valuation 126

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

Simonson Real Estate

JULY 10, 2020

Site and Building Details Title work Environmental Information Purchase Agreement Income Information Arm’s length vs. related party leases Historical Income & Expense Statements – Verify the owner’s consolidated statements match up with tax returns Signed lease documents, detailed rent roll, etc. Value Scenarios.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Simonson Real Estate

SEPTEMBER 16, 2021

New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. What is a Standard Turn-around Time for a Commercial Appraisal?

Appraisal 78

Appraisal Appraisal Process Real Property Real Estate 78

Birmingham Appraisal

FEBRUARY 28, 2023

Sellers should be transparent about any issues with the property, such as previous damage, repairs, or renovations. Providing information about updates or renovations can help the appraiser estimate effective age more accurately which will have a positive effect on the final opinion of value.

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Sellers Real Estate Appraisal Appraisal Process 82

East Coast Appraisal

FEBRUARY 28, 2022

Renovations and Improvements Your home's value doesn't end after its original construction. Ensure any renovations you make add to the utility and comfort of your home for a higher value. However, you should keep receipts and documentation as evidence. Any quality improvements increase the appraised value.

Appraisal 52

Appraisal Renovations Home Value Construction 52

Listing Spark

DECEMBER 11, 2023

These figures include a ballpark on ROI for rental properties, a clear idea of your expected profit on a flip after renovation and resale, and a detailed list of the expenses you’ll incur to process the property. Many investors stop at calculating buyer closing costs, renovations, and holding costs.

Investing 36

Investing Renovations Sellers Real Estate 36

Raleigh Realty

APRIL 24, 2022

Gathering Important Documents In addition to financial information, you should gather documents necessary for buying a home. All of these documents combine to show lenders that you are qualified for a loan — veteran-specific or otherwise. If needed, assistance is available to obtain the correct documents.

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Real Estate Agent Real Estate Insurance Government 78

Birmingham Appraisal

AUGUST 30, 2023

It’s also important to provide the appraiser with complete information regarding any updates and renovations that the home has had. Provide documentation if necessary. Cleaning, decluttering, and making repairs can create a more favorable impression, potentially impacting the appraisal outcome.

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Appraisal Appraisal Process Renovations Market Value 82