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Clear Capital and BeSmartee Partner to Bring Home Value Verification Solution to Mortgage Lenders

Clear Capital

Clear Capital’s ClearAVM , a nationwide automated valuation model (AVM) that provides accurate estimates of market value for millions of properties, has been integrated with BeSmartee’s Mortgage POS and HELOC product to provide users with value verification during the initial application and/or underwriting process on mortgage and home equity loans.

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14 Under the Radar Cities Where it Makes Sense to Flip

Patch of Land

According to the February 2018 Housing News Report by ATTOM Data Solutions, there are still some local markets with an average discount of at least 30 percent below market value on bank owned property sales. Utica, NY – 57% average discount off market value. Columbus, GA – 52% average discount off market value.

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Understanding the Role of an Appraisal Management Company

AmeriMac

The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008. Through their stringent selection and vetting process, AMCs ensure that appraisers have the necessary expertise and local market knowledge to provide reliable valuations.

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Price Adjustments and the 2023 Market

Lamacchia Realty

The Lamacchia Realty Target Pricing Model has been implemented in the selling process since 2007. They say, “If you overprice it’s better to admit your mistake and cut the price all the way down to the true market value in one fell swoop.” One of the points they make is about price adjustments. They are right.

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Price Adjustments in this New Housing Market

Lamacchia Realty

The Lamacchia Realty Target Pricing Model has been implemented in the selling process since 2007. They say “If you overprice it’s better to admit your mistake and cut the price all the way down to the true market value in one fell swoop.” One of the points they make is about price adjustments. They are right.

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Price Adjustments in 2021: Tis the Season

Lamacchia Realty

The Lamacchia Realty Target Pricing Model has been implemented in the selling process since 2007. They say, “If you overprice it’s better to admit your mistake and cut the price all the way down to the true market value in one fell swoop.” One of the points they make is about price adjustments. They are right.

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When Will This Market Change?

Lamacchia Realty

A housing crash on a chart looks like what you see in January of 2005-January of 2007; that spike in available inventory of homes for sale means supply is high and demand is low. Prices are so high that the market value of homes has increased, and the average house with a mortgage has 55% equity which is also the highest ever.