Housing Wire

MARCH 22, 2021

When there’s a bidding war, cash is king. And a recent Redfin study confirmed that it’s the only sure-fire way to win that dream house in a market this crazy. Homebuyers who offer all-cash improve their chances of winning a bidding war by 290%, per Redfin’s study of clients buying homes between June 2020 and February 2021. And waiving the financing contingency is the second-most effective bidding-war strategy, Redfin officials said – improving homebuyers’ odds of wi

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Inspection Inventory Buyers Sellers 545

The Appraiser Coach

MARCH 2, 2021

As a real estate appraisal provider, it can be hard to get into the home owner’s perspective. It seems that what is important to them may not directly translate into. Read More.

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Real Estate Appraisal Inspection Advertising 370

Yolo Solano Appraisal Blog

MARCH 3, 2021

I enjoy many aspects of my career as a residential real estate appraiser. I’m self employed so I have no one to blame but myself; I set my own hours; I get to see a lot of places in the region; I spend much of my time trying to find meaning in data then communicating […].

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Appraisal Real Estate 167

GoForrmz

MARCH 29, 2021

Digital Lockout Tagout (LOTO) forms improve visibility into job site safety procedures and help to safeguard teams working with hazardous energy Clearly communicating LOTO procedures is critical when working with machines and equipment that could expose workers to hazardous energy. For example, teams working with wiring, wind turbines, or conveyer systems could all be exposed to hazardous situations if preventative steps are not carefully taken.

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DataMaster

MARCH 5, 2021

Is the appraisal industry doomed? For years we’ve been told “The end is near” for the appraisal industry. We know this isn’t true! We can’t help but wonder why naysayers continue to shout this headline! Appraisal Buzz hosted DataMaster appraisers Jared Preisler, SRA, and Keven Ewell recently to address this threatened “impending doom.” Join Jared and Keven and hear their thoughts and experiences with the appraisal industry.

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Appraisal 158

Raleigh Realty

MARCH 31, 2021

What Does Contingent Mean in Real Estate? When searching for a home for sale, you may have encountered a variety of different sales statuses online including contingent real estate listings. Beyond just “for sale” and “closed,” you may have also seen other common sales statuses such as “pending” or “contingent.” These phrases indicate where in the sales process the home is in.

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Real Estate Sellers Contracts Buyers 148

The Appraiser Coach

MARCH 12, 2021

Many appraisers work out of our homes, not interacting with office staff or other appraisers. Even when we’re out, we’re still doing work-related tasks like shooting pictures and doing inspections. Read More.

Appraisal 369

Appraisal Inspection Advertising Real Estate Agent 369

JMV Lending

MARCH 8, 2021

Whenever the market heats up like this, particularly in the springtime, appraisals invariably come in low. This is simply because there are often no closed comparable sales (comps) that even come close to supporting current contract prices, especially when there are bidding wars. REMINDER: Appraisers can only use comps that close prior to the appraiser’s […].

Appraisal 148

Appraisal Contracts Lending Marketing 148

Appraiserblogs

MARCH 12, 2021

The most weighted technique in most automated valuation programs comes down to one over-simplified formula, based on a guesstimation from an outside source that has no interest in the real estate system… Dear FHFA: Please accept the following comments in regard to Question A1.4. The response also includes comments on several additional questions.

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Training Valuation Appraisal Process Appraisal 147

Midtown Appraisal Group

MARCH 1, 2021

Per-acre farm values in Canada have been rising more slowly than residential home prices (about 5% in 2019 vs 2018), but, like residential properties, values are largely dependent on regional locations and southern Ontario values can be as much as 35% higher than the provincial average. With as much of 75% of Canadians’ wealth tied […].

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Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? The process of buying a new home may sound intimidating. With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Let's dive into all of the home buying resources you have when working for the government Our real estate company is based in the state capital of North Carolina, Raleigh.

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Government Real Estate Agent Insurance Property Taxes 148

Housing Wire

MARCH 4, 2021

The average mortgage rate for a 30-year fixed loan rose 5 basis points last week to 3.02%, marking the first time since July that the industry has seen rates break above 3%, according to Freddie Mac ’s Primary Mortgage Market Survey. Since reaching a low point in January, mortgage rates have risen by more than 30 basis points as the economy works to recover, and according to Sam Khater, Freddie Mac’s chief economist, the impact on purchase demand has been noticeable.

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Mortgage Housing Market Government Lending 545

Working RE

MARCH 16, 2021

> E&O/GL Insurance for Home Inspectors Competitive Rates, Broad Coverage, Free Risk Management, online inspection support for tough questions, discounts on education and more. Professional Coverage, Competitive Pricing Shop OREP today! >> Editor’s Note: To help you stay up-to-date and connected, OREP/Working RE has established a Coronavirus (COVID-19) Discussion and Resource Page where you […].

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Inspection Insurance 146

McKissock

MARCH 2, 2021

As an experienced appraiser, you’ve likely encountered pressure to hit the purchase price or develop your appraisal based on a predetermined value. This, of course, is unethical. So what do you do when you’re asked to hit a certain value? Or when the purchase price is not supported by the available comps? 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, N

Appraisal 103

Appraisal Contracts Market Value Clients 103

Appraiserblogs

MARCH 10, 2021

An appraiser shared the following with us which was posted on one of the appraisers’ groups. There’s been a lot of mis-information about the new FNMA form posted so i thought i might clear the air a little bit. Being a software provider i’m in the loop but i can’t disclose every thing i know due to confidentiality. That being said i’m just the messenger and don’t shoot the messenger. the new form is not to put appraisers out of business. if they weren’t

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Modernization Lending Appraisal Design 145

BiggerPockets

MARCH 18, 2021

There are several misconceptions about rent-controlled properties. For some, they can be a great addition to their investment portfolio. In this article, we look at the good and the bad of owning this type of asset.

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Eppraisal

MARCH 24, 2021

Now that spring is here (or near) in many parts of the country, it's time to start thinking about a spring tune-up for the interior and exterior of your home. As the saying goes, "An ounce of prevention is worth a pound of cure." If you follow these tips every spring, you'll be sure to help prevent expensive repairs needed in and around your home. In addition, you'll be keeping your home value up.

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Home Value 69

Housing Wire

MARCH 11, 2021

President Joe Biden signed the American Rescue Plan Thursday, freeing up $1.9 trillion aimed at invigorating the economy following the COVID-19 pandemic. The bill will send $1,400 direct payments to individuals making up to $75,000 annually, and allocates $350 billion in aid to state and local governments and $14 billion for vaccine distribution. Over $50 billion will be distributed to small businesses — including $7 billion for the Paycheck Protection Program — and $25 billion for small and mid

Tenants 545

Tenants Government Retail Law 545

Assurance Financial

MARCH 2, 2021

Is Refinancing a Bad Idea? If you’ve had your existing home loan and mortgage for a little while, it’s only natural to wonder if you could get a better deal. A mortgage is a tremendous responsibility — so you need a reliable understanding of whether refinancing is a good or bad idea. The guide below will lay out some of the pros and cons to help you make sure you’re refinancing your home for the right reasons.

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Investing Mortgage Home Value Marketing 69

On Q Financial

MARCH 2, 2021

Homeownership comes with many benefits, from building equity and security to creating stability for your family. However, for some, the dream may seem out of reach. It may be that you haven’t saved enough or don’t make enough in your current position, or maybe you don’t have the best credit. At On Q Financial, we believe the Dream of Homeownership is Inclusive.

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Insurance Government Mortgage HOA 68

National Association of Realtors

MARCH 18, 2021

Peter Gallo, Chair of the NAR's Real Property Valuation Forum presents a live form featuring a panel of residential, commercial, and review appraisers.

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Appraisal Valuation Real Property 71

BiggerPockets

MARCH 4, 2021

Tenants may come to you and tell you they have an emotional support animal. It could be as normal as a dog—or as strange as a peacock. Here's what emotional support animal laws say you can and can't enforce when it comes to your pet policy.

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Law Landlords Tenants Legal 72

REX Real Estate

MARCH 9, 2021

REX’s complaint and preliminary injunction seeks relief from NAR and MLS cartel rules meant…

Realtors 74

Realtors Real Estate 74

Housing Wire

MARCH 25, 2021

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations. The result was approximately $1.3 trillion in outstanding mortgages with active private mortgage insurance coverage by year’s end.

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Insurance Mortgage Finance Buyers 544

Cleveland Appraisal Blog

MARCH 30, 2021

If you ever get the chance to visit Pymatuning Lake in PA, which is on the boarder of Ohio and Pennsylvania, make sure to go over to the Linesville Spillway. It is an amazing site. Hundreds of Carp congregate in the spillway, battling for food. Throw a little bread in, and it’s a feeding frenzy! There are so many Carp, packed so closely together, that at times geese and ducks can walk over them like a road. .

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Housing Market Marketing Reconsideration of Value Contracts 367

Miller Samuel

MARCH 17, 2021

Last Friday I had a fun discussion with Lisa Abramowicz on Bloomberg Surveillance. It's been bedlam in Appraiserville so I've been slow to post it. The New York to Florida housing migration story has been a bit one sided with optics that suggest 9 people will be left in Manhattan by the summer time despite that Manhattan contract activity beginning to surge.

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Contracts Real Estate Appraisal 372

The Robert Weiler Company

MARCH 15, 2021

With spring around the corner and signs of improvement for the pandemic, a feeling of rebirth is in the air across Ohio. But for up-and-coming neighborhoods with a special purpose property or unique properties for sale, the soon-to-be bloom time might as well be called boom time. Something “special” is taking place in neighborhoods throughout the Columbus region.

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Appraisal Property Appraisal Real Estate Buyers 158

BiggerPockets

MARCH 3, 2021

Busy people tend to be…busy, and often, real estate investing is one of the things that they “just don’t have time for”. If you feel that way, listen to today’s […].

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Real Estate Investing Business 70

Assurance Financial

MARCH 18, 2021

Does Refinancing Affect Your Taxes? Homeowners may choose to refinance for many reasons. Refinancing could potentially lower your monthly payments , allow you to consolidate debt, speed up the payoff process for your mortgage, eliminate your private mortgage insurance (PMI) and put more cash in your pocket. If you have equity in your home, you may be able to leverage it through a refinance.

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Property Taxes Renovations Home Improvement Mortgage 85

Housing Wire

MARCH 25, 2021

The broader economy showed signs of recovery last week, pushing the average mortgage rate for a 30-year fixed loan up eight basis points to 3.17%, according to Freddie Mac ’s Primary Mortgage Market Survey. Since January, mortgage rates have increased roughly 50 basis points from historic lows and home prices have risen, leaving would-be homebuyers with less purchasing power.

Mortgage 543

Mortgage Construction Realtors Inventory 543

McKissock

MARCH 16, 2021

If you ask appraisers to provide examples of complex appraisal assignments , many will focus on commercial or mixed-use properties or two- to four-family properties. However, many single-family home appraisals are considered complex assignments. Below, we provide the definition of a complex property and dig into the three types of residential complex properties.

Architecture 101

Architecture Property Appraisal Construction Appraisal 101

Eppraisal

MARCH 9, 2021

The circumstances of life have ways of upending our comfortable routines. Medical emergencies, financial setbacks, legal challenges, family dramas and political reversals -- not to mention fires and floods -- each and all can interrupt our ordered existence with new demands. The COVID-19 pandemic is one such shocker, forcing many to work from home. Aging parents or relatives down on their luck also force homeowners to make hard decisions about how to utilize their properties.

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Architecture Law Home Value Legal 69

The Robert Weiler Company

MARCH 9, 2021

When it comes to property management – and property management companies – a great debate rages on. In some sense, it’s a debate that is as old as the commercial real estate industry itself; a profession that got its unofficial start in the 19th century. (Consider that it was only a few short decades after Founding Father, elder statesman, and successful businessman Benjamin Franklin passed into history.

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BiggerPockets

MARCH 24, 2021

“Step right up! Come one, come all! Today we’re offering an opportunity to quadruple your money!” Would you take this deal? After all, who wouldn’t want a 300% profit on […].

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Investing Real Estate 69