article thumbnail

Opinion: Title insurance is vital to protecting the American dream

Housing Wire

As the economy and housing market begins to slow, we must avoid the temptation to move away from well-regulated products that are a key part of protecting lenders and homeowners. The last housing crisis proved that strong underwriting standards are critical, especially during market downturns.

Insurance 506
article thumbnail

Buyer agency: a crucial historical shift in real estate

Housing Wire

Moreover, the absence of a buyer’s agent leaves the buyer to navigate the intricate process of drafting offers, negotiating repairs and other terms, as well as understanding legal intricacies such as mineral or water rights, easements, and even the transfer of livestock on agricultural properties to name just a few.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Any existing easements or zoning issues. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Vehicular access.

Appraisal 105
article thumbnail

FHA: Cosmetic vs. MPR Repairs

Appraisal Today

In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Owners with conservation easements can claim an income tax deduction. Conservation easement appraisals are a definite risk for appraisers. They are not easy to do.

article thumbnail

ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

To read more, Click Here To read the listing with a virtual tour and 111 photos, Click Here == Some red flags for the housing market By Ryan Lundquist, May 2, 2024 Excerpts: Consumers are feeling economic pain, and we need to talk about some of the things that are brewing. There is no integrity in that.

article thumbnail

Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

There may be unrecorded easements or other issues that the appraiser would not and could not discover during the course of the inspection. Excerpts: Housing trends are changing by the week, and it’s time to start believing the Fed when they talk about resetting the housing market. By Ryan Lundquist.

article thumbnail

Appraisals and Water Frontage

Appraisal Today

The canal was owned by the state with an unclear easement for building beyond the rear lot line. Two Trends Slowing Housing Market Normalization. One was on a tidal canal and built around 1943. Over time many homes along the waterfront, including mine, had non-permitted structures built over the water. June 20, 2022.