Cleveland Appraisal Blog

MAY 18, 2023

I was talking to a real estate agent recently who said that her sellers are scared about a significant downturn in the market and missing out on the higher values. The agent went on to mention that many people she knows would like to sell their home but are afraid of not finding another one because inventory levels are so low.

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Inventory Real Estate Agent Appraisal Real Estate 333

Housing Wire

JULY 25, 2023

My customer is the real estate agent. It is very simple to say that 2020 or 2021 were such great years, those were the good old times. MW: As far as the inventory levels go, this is something that I’ve been focusing on and specializing in for years. Because, as an originator, my No. I know who my customer is.

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Real Estate Agent Mortgage Real Estate Training 248

Housing Wire

APRIL 21, 2021

year-over-year in the first quarter of 2021, crushing sales of affordable homes (7% increase) and mid-priced homes (5.9%), per a recent report from Redfin. Lack of inventory , a national housing issue following the onset of the pandemic, isn’t an issue for luxury homes. Sales of luxury homes rose 41.6% from a year earlier.

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Luxury Properties Real Estate Agent Inventory Real Estate 483

Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. The KAAR also said housing inventory dropped for six straight months to start the new year. You set your appointments the night before, and when you get there that morning, they might already be under contract.” year-over-year.

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Housing Market Marketing Realtors Inventory 424

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

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Sellers Agents Real Estate Agent Real Estate 78

Cleveland Appraisal Blog

MARCH 30, 2021

There is a lot of demand out there, with very little inventory. Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. It may be due to inventory levels continuing to drop.

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Housing Market Marketing Reconsideration of Value Contracts 367

Realtor

JULY 13, 2021

In our current seller’s market, the national inventory of active listings is down 43.1% year over year, according to the Realtor.com June 2021 Housing Market Trends Report. Contingencies, in the world of real estate, are essentially conditions that must be met to finalize the sale of a home. Other experts agree. “An

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Inspection Real Estate Agent Real Estate Buyers 203

Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.

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Agents Buyers Sellers Inventory 383

Cleveland Appraisal Blog

AUGUST 20, 2021

Earlier in the year, I appraised a home to have a market value that was twenty-eight thousand dollars ($28,000) higher than the contract price. Contrary to popular belief, good appraisers do not magically appraise homes at their contract price simply to rubber-stamp a sales price. This is a good example. Here’s another example.

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Appraisal Market Value Contracts Agents 418

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. The debt level, both current and anticipated in 2021, is worrisome. Houston real estate is hyper-local, some areas are doing better than others.

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Housing Market Marketing Real Estate Realtors 68

Birmingham Appraisal

FEBRUARY 13, 2024

Final Insights on Housing Statistics for Real Estate Agents We are in the last part of my Housing Statistics for Beginners series and I want to thank you for following along. In the second post of my series , we covered average and median sold prices, average days on the market, and months of inventory.

Real Estate 61

Real Estate Buyers Inventory Appraisal 61

Cleveland Appraisal Blog

AUGUST 20, 2021

Earlier in the year, I appraised a home to have a market value that was twenty-eight thousand dollars ($28,000) higher than the contract price. Contrary to popular belief, good appraisers do not magically appraise homes at their contract price simply to rubber-stamp a sales price. This is a good example. Here’s another example.

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Appraisal Market Value Contracts Agents 263

Eppraisal

OCTOBER 2, 2021

It's imperative, now more than ever, to have an experienced real estate agent who has your best interests at heart. There are key skills you should look for in your listing agent or selling agent. The real estate markets in 2020 and so far in 2021 have been like no other.

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Agents Real Estate Agent Marketing Real Estate 36

Houston Properties

JULY 22, 2022

My last three listings have received a combined 14 offers and gone under contract, on average, within 4 days. The combination of low inventory and high demand is great for sellers. We’re also seeing the re-emergence of backup contracts, bidding wars, and homes closing materially over the asking price. Houston has 3.7

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Real Estate Agent Real Estate Realtors Agents 36

The Robert Weiler Company

SEPTEMBER 7, 2022

The sector’s inventory levels, sales volume, and average sales prices indicate that momentum will continue this year. Let’s dive into what real estate agents can expect from the Buckeye State as we continue in 2022. increase from the May 2021 sales level of 13,955. Commercial Land Real Estate Sales.

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Marketing Real Estate Investing Retail 78

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020.

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Sellers Loan Officers Inventory Home Value 66

Cornerstone

JULY 1, 2021

Here’s an overview of why selling your house now may be optimal: Because inventory is so tight and demand is so high, buyers are competing for limited listings as homes fly off the market. Housing inventory still sits far below the six-month supply threshold required to uphold a healthy market.* For educational purposes only.

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Sellers Buyers Real Estate Agent Inventory 61

Appraisal Today

SEPTEMBER 22, 2023

They included appraisers, real estate agents, and someone with a week, a month, or online video training. Using MLS photos is a joke, as real estate agents don’t take photos of defects. I wrote an article in the June 2021 issue of Appraisal Today: Retirement, To Stay or Not to Stay.

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Appraisal Training Inspection Real Estate 86

Hank Miller Team

NOVEMBER 4, 2022

But how many of these mournful buyers made the cardinal sin of not qualifying their agent? Unqualified Real Estate Agents A worm easily clears the bar to entry and retention for real estate agents, that will never change. Betting it All The market over 2021-mid 2022 was unrealistic.

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Buyers Real Estate Agent Agents Real Estate 40

Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. Ryan’s blog focuses on local real estate agents and market conditions, a most excellent method of becoming the “go-to” appraiser and getting lots of referrals from agents. What is your market like?

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Reconsideration of Value Appraisal Real Estate Insurance 73

Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. At that time, the real estate market was still being wildly affected by the COVID pandemic. Not all non-lender appraisals require a long time marketing to real estate agents.

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Appraisal Design Contracts Inspection 71

Lamacchia Realty

FEBRUARY 14, 2024

From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions. Naturally, you want to make an offer on it.

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Sellers Realtors Buyers Inventory 64

Houston Properties

JANUARY 12, 2022

The buying frenzy and low inventory we saw last year and will continue to see for better parts of this year may push buyers (specially if driven by bad advice from an unseasoned Realtor) to make bad decisions. A good real estate agent should protect buyers from this as it’s a very common mistake specially among first-time homebuyers.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Appraisal Today

APRIL 21, 2023

For decades, my “brand name” has been “Looking for a local appraiser for Estate and Trust appraisals in Alameda California?” I get lots of referrals from real estate agents, other appraisers, and Internet searches. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.33

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Appraisal Contracts Modernization Mortgage 52

Appraisal Today

JUNE 10, 2022

How to get referrals from real estate agents. Estate/trust appraising Special Report – Good, steady business. ” The most popular reason for respondents rebuffing the bubble thesis is strong market fundamentals, including demographics, scarce inventory and shifting housing preferences. percent from 5.33

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Appraisal Contracts Business Mortgage 52

Listing Spark

OCTOBER 13, 2022

How the housing market affects the rest of the economy How to approach the current housing market as a seller Final advice for buyers in the current housing market Are buyers pulling out of contracts at the last minute? How to vet real estate agents as a seller. There is more inventory available and home sales are down.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Appraisal Today

SEPTEMBER 29, 2023

As the graph indicates it’s been a roller coaster ride, but generally speaking up to late in 2021 to early in 2022, it’s been financially rewarding for many appraisers. Estate and divorce require heavy networking over time with real estate agents, the primary referral source. I have written about all three.

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Insurance Appraisal Contracts Mortgage 79

Appraisal Today

SEPTEMBER 2, 2022

My comments: Often, real estate agent descriptions are a bit “over the top,” but this house’s description is not extravagant. ! Many of the homes that go to contract in the peak spring selling season close around 45 to 60 days later in July.” 1427, with an average 451% in revenue growth from 2018 to 2021.

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Appraisal Contracts Clients Real Estate 52

Will Springer Realtor

OCTOBER 8, 2021

This newsletter started 2021 raving about the explosive growth across the Eastside and there is no sign of a letup. housing stock, in so-called common-interest communities. >> Homes listed by a real estate agent on the Multiple Listing Service sell about 17% above those sold by individual owners or through other means.

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

OCTOBER 11, 2022

Seattle experienced a 32% (1031) monthly increase in new listings but a 15% (558) decline in homes going under contract, as median prices fell 2.9% ($900,000) since August and remain 5.9% months’ inventory for all homes on the market and in the single-family category. months (or 40 days) worth of inventory is on the market.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Quicken Loans

JUNE 10, 2021

Bring it all together, it’s both the market with a lot of opportunity to take advantage of low rates and a difficult market with rising prices due to low inventory. The number of homes under contract for sale in April was down 4.4% Copyright 2021 Econoday, Inc. It doesn’t mean there’s any less competition. News You Can Use.

Real Estate 38

Real Estate Marketing Construction Clients 38

The Robert Weiler Company

NOVEMBER 10, 2021

If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. Low mortgage rates and an inventory crunch (limited supply) fuel the US housing market fire. percent in the second quarter of 2021. Do you have a paper trail?

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Real Estate Retail Investing Tenants 78