Cleveland Appraisal Blog

JANUARY 7, 2021

Welcome to 2021! The buyer would probably say they were not interested in buying a second car. Of course, if the salesman said that the second car, could be purchased for half-price, the buyer might be interested because they could resell the second car and make a profit. A homeowner can only use so much of any one thing.

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Appraisal Legal Inspection Real Estate 344

Eppraisal

OCTOBER 19, 2021

This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. In fact, according to the National Association of Realtors, "94% of metro areas saw double-digit price growth in the second quarter of 2021."

Appraisal 66

Appraisal Contracts Sellers Home Value 66

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? Concerned about a housing market crash?

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Housing Market Marketing Real Estate Realtors 68

Empire Appraisal Group

JULY 1, 2021

At an interactive session Thursday called “Ask an Appraiser” during the 2021 virtual REALTORS® Legislative Meetings , panelists shared best tactics for working with appraisers and making the process as smooth as possible for all parties involved in a transaction. Agents can also explain why some sales are not comparable.

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Agents Appraisal Real Estate Realtors 78

Housing Wire

JULY 12, 2022

A certification lightens the legal liability of bias. Alternative appraisals, however, rely more on objective data and an “arm’s-length” process between the appraiser and the homeowner or buyer, sometimes assisted by technology, a spokesperson for the GSE said. The seller accepts it; they go into contract. that afternoon.

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Appraisal Inspection Real Estate Agent Training 410

Will Springer Realtor

APRIL 14, 2023

“After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.”  Stay tuned!

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Contracts Buyers Housing Market Design 36

Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. There is administrative time involved, as well as legal factors. To read the Fannie document, Click Here My comments: What will happen to owners and buyers who cannot get insurance or whose costs will go way up?

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Reconsideration of Value Appraisal Real Estate Insurance 73

Appraisal Today

JUNE 23, 2023

By collaborating with appraisers, accountants can provide clients with comprehensive financial guidance, ensure compliance with legal and tax requirements, and strengthen their overall professional services. Later disclosure to buyers), and appraiser data (only available to GSEs and can vary between appraisers). The problem?

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Appraisal Real Estate Valuation Contracts 86

Housing Wire

MARCH 7, 2022

billion in 2021, according to an analysis of 10 different blockchain ledgers by DappRadar. Bidders were required to be cash buyers, or more precisely cryptocurrency buyers, or – more precisely still – have a virtual wallet on the Ethereum blockchain. million in 2020 to $24.9 It represented LLC ownership of the property.

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Real Estate Law Inspection Agents 485

Appraisal Today

DECEMBER 8, 2023

The first question to talk about is this: “Does the real estate appraiser have any ethical, moral, or legal responsibility to protect the consumer/mortgagor2, 3, 4 when appraising a property for a mortgagee/client?”… The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.98

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Appraisal Real Estate Contracts Design 67

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

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Real Estate Insurance Law Real Estate Agent 410

Will Springer Realtor

JANUARY 3, 2023

Supreme Court decision ruled the covenants as enforceable contracts. A violation of the rules could lead to both the eviction of the new property owner and legal consequences against the seller. The disclosure statement is completed by the owner and shared with buyers when the home is listed for sale.

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Real Estate Technology Investing Legal 36

The Robert Weiler Company

NOVEMBER 9, 2021

GIFTS FOR RESIDENTIAL PROPERTY INVESTORS: Looking for a great gift for house-flippers or buyers taking advantage of a housing market downswing? The platform is entirely secure, usable on any device, and the digital signatures are legally binding and enforceable. Here are some fantastic ideas for residential real estate investors: 1.)

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Real Estate Investors Investing Home Improvement 147

Listing Spark

SEPTEMBER 5, 2023

Ten percent of homes sold in 2021 were sold by their owners without a realtor. While their advice and services can be helpful, you aren’t legally required to use one. You don’t want it to be too high—if it’s overvalued, then buyers might ignore it and it will sit on the market until you reduce the price.

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The Robert Weiler Company

APRIL 20, 2021

Here, buyers are trying to determine commercial valuation according to whether it is worth the investment to purchase the existing business, factoring in all assets and liabilities. How to value a small business or large enterprise is viewed differently by potential buyers depending on their current situations and standpoints.

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Valuation Business Buyers Market Value 147

GoForrmz

DECEMBER 5, 2022

The Electronic Signatures in Global and National Commerce Act, (E-Sign Act), was signed into law on June 30, 2000 , but it took until 2007 for the Federal Reserve Board to finalize and adopt the detailed rules and standards of legally binding, electronic signatures. ” — McKinsey Digital Payments Consumer Survey, 2021.

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Business Legal Law Contracts 78

Listing Spark

NOVEMBER 24, 2021

Paying high commissions can put a damper on the celebration after selling your home, so it is important for home-sellers to be aware of all of their options in 2021. Real estate is happening all the time and buyers and their agents can be very impatient if the company you chose is unresponsive. 7/day – Pay as you go 0.5%

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Realtors Real Estate Advertising Agents 36

Listing Spark

NOVEMBER 24, 2021

Paying high commissions can put a damper on the celebration after selling your home, so it is important for home-sellers to be aware of all of their options in 2021. Real estate is happening all the time and buyers and their agents can be very impatient if the company you chose is unresponsive. 7/day – Pay as you go 0.5%

Realtors 36

Realtors Real Estate Advertising Agents 36

Listing Spark

NOVEMBER 24, 2021

Paying high commissions can put a damper on the celebration after selling your home, so it is important for home-sellers to be aware of all of their options in 2021. Real estate is happening all the time and buyers and their agents can be very impatient if the company you chose is unresponsive. 7/day – Pay as you go 0.5%

Realtors 36

Realtors Real Estate Advertising Agents 36

Listing Spark

NOVEMBER 24, 2021

Paying high commissions can put a damper on the celebration after selling your home, so it is important for home-sellers to be aware of all of their options in 2021. Real estate is happening all the time and buyers and their agents can be very impatient if the company you chose is unresponsive. 7/day – Pay as you go 0.5%

Realtors 36

Realtors Real Estate Advertising Agents 36

Will Springer Realtor

APRIL 10, 2024

Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M. This move, while aiming to “decouple” buyer and seller compensation, may inadvertently reduce transparency for consumers when reviewing home-sale listings.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Appraisal Today

JUNE 3, 2022

We’ve seen more luxury properties sell (larger homes) and buyers at higher price points (larger homes) have been taking advantage of being able to work from home. Most of all, we’re seeing buyers become more sensitive to price, location, and condition since affordability has taken such a beating lately. May 26, 2022.

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Appraisal Contracts Real Estate Marketing 52

GoForrmz

DECEMBER 12, 2022

In an ideal world, everything in your business runs without disruption; no paperwork is ever lost, no data is ever incorrect, and every signature is legally binding and captured quickly. ” — United Nations Conference on Trade and Development, 2021. But how many businesses live in that ideal world?

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Housing Wire

DECEMBER 23, 2021

In a 2018 article, The Real Deal chronicled CoStar’s legal war waged against Xceligent , once CoStar’s biggest rival for commercial property listings. billion in revenue through the first three quarters of 2021, an 18% increase from the first nine months of 2020. One part of that $42 million is Homesnap Pro contracts with MLSs.

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Brokerage Agents Real Estate Real Estate Agent 393

The Robert Weiler Company

SEPTEMBER 7, 2022

Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. Low mortgage rates have steadied, welcoming batches of new buyers eager to own a home in the market. increase from the May 2021 sales level of 13,955. land market.

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Marketing Real Estate Investing Retail 78

The Robert Weiler Company

MAY 14, 2021

Operationally, it triggers a series of legal processes necessary to reallocate ownership of assets and belongings from the deceased to their beneficiaries. Settling an estate usually requires probate, the legal process reassigning ownership from a deceased person to their living beneficiary performed in court. million and $23.4

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Real Estate Appraisal Legal Valuation 133

Appraisal Today

DECEMBER 16, 2022

Lenders want a compliant document that allows the loan package to be sold as quickly as possible, while investors want an appraisal that allows for securitization or resale to another downstream buyer. We recently scanned millions of appraisals from 2021 – 2022 for subjective terms. Excerpt: Buyers went from FOMO to FOGS.

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Modernization Appraisal Contracts Real Estate 52

Appraisal Today

SEPTEMBER 2, 2022

Many of the homes that go to contract in the peak spring selling season close around 45 to 60 days later in July.” If there’s a chance your subject property has an ADU, expect to spend, at a minimum, 25% more time on the appraisal and always make sure to check its zoning and legality before you quote a fee. For the U.S. percent from 5.65

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Appraisal Contracts Clients Real Estate 52

GoForrmz

JANUARY 9, 2023

Buyers and potential customers are likely to find your business through a digital platform. ” — Datareportal, Digital 2021: Global Overview Report. Comfort with technology is only growing with each generation, with 59.5% of the world’s population now actively using the internet.

Business 78

Business Advertising Clients Technology 78

Appraisal Today

AUGUST 12, 2022

Acres | Listed in 2021 for $29.9M. For the last year, 40% of my legal work has been occupied by issues concerning alleged discrimination – balanced between representing parties in fair housing investigations and helping clients improve compliance and decrease risk. The average contract interest rate for 5/1 ARMs increased to 4.60

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Appraisal Contracts Mortgage Business 52

Will Springer Realtor

APRIL 6, 2021

In the complex world of condominiums, it is as important to know which buildings are favorable for financing as it is to ensure a buyer’s eligibility for the mortgage itself. The more lenders interviewed, the better the odds of finding the right fit for the buyer. Getting a mortgage is complicated for several reasons.

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HOA Mortgage Buyers Insurance 36

Quicken Loans

AUGUST 3, 2021

However, you deal with enough purchase contracts in home negotiations to know that language matters. Because the Fed is acting as a big buyer, yields don’t have to be as high to attract a purchase. First, home buyers will reassess their budget in light of the new rates because the mortgage payments will be higher. months in May.

Real Estate 53

Real Estate Marketing Real Estate Agent Clients 53

Quicken Loans

JULY 8, 2021

Each of the components was also down 2 points with present sales coming in at 86, sales over the next 6 months settling at 79 and traffic of potential buyers going through homes at 71. 1 Important Legal Notice: Econoday has attempted to verify the information contained in this calendar. Copyright 2021 Econoday, Inc.

Real Estate 57

Real Estate Marketing Construction Retail 57

Quicken Loans

APRIL 7, 2021

There are also some unique challenges you and your buyers might be confronting in the market now. This environment, when combined with mortgage rates that are starting to rise, could cause your buyers to have a more difficult time finding a house at the moment. The number of homes under contract for sale in February was down 10.6%

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Real Estate Marketing Real Estate Agent Construction 43

Quicken Loans

JUNE 10, 2021

And odds are it’s making things difficult for your buyers. Meanwhile, traffic of prospective buyers walking through homes was down a single point to 73. The number of homes under contract for sale in April was down 4.4% 1 Important Legal Notice: Econoday has attempted to verify the information contained in this calendar.

Real Estate 38

Real Estate Marketing Construction Clients 38

Will Springer Realtor

JULY 13, 2023

It is lack of labor, land/lots, lumber/materials, lending for builders and land developers and ever-costly legal/regulatory costs,” he said. Home prices continued to confound buyers by climbing toward record highs as summer began. Another sale followed 11 days later and six others are under contract preparing to close.

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Construction Supply Chain Real Estate Development 36

Housing Wire

APRIL 5, 2024

the court “will not interpret a contract to cede a sovereign right of the United States unless the government waives that right unmistakably. By context, I mean the rest of the contract’s text. Walker concludes by writing that the DOJ “bargained for a binding contract.” Winstar Corp., NAR filed a reply brief in late July.

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Realtors Contracts Government Real Estate 538