Housing Wire

NOVEMBER 30, 2023

Requirements to get a real estate license in Ohio Before you enroll in the required 120 hours of sales associate prelicensing education, you’ll need to know some of the requirements for obtaining an Ohio real estate license. can be intimidating, the right study tools can make all the difference on exam day. minutes per question!)

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Real Estate Real Estate Agent Brokerage Agents 360

Appraisal Today

MAY 10, 2024

Now there is, per the attached PDF HUD/FHA mortgage letter. OK, so who exactly decided the value should be HIGHER than what the appraiser reported, before an appraisal was ordered? The document also mentions many times the words “material deficiencies” in the appraisal report, which can trigger an ROV request.

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Reconsideration of Value Appraisal Real Estate Insurance 76

Appraisal Today

APRIL 5, 2024

Why an Organized Workfile is Your Best Defense By Craig Capilla Excerpts: We all know that the Uniform Standards of Professional Appraisal Practice (USPAP) set the baseline for what must be included in a workfile. We’ve all also heard ad nauseum that USPAP is a minimum standard. a state-of-the-art home gym, salon, yoga room.

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Appraisal Contracts Business Construction 79

Portland Appraisal Blog

APRIL 14, 2019

You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off.

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Housing Wire

OCTOBER 22, 2023

In this article, we’ll take you through the Texas real estate licensing process step-by-step, sharing the costs, time commitment and all the details you’ll need to launch your new career. 4] As of July 3, 2023, there were 42,857 sales agent exams taken in Texas. That’s an average pass rate of 58% for exam takers. [5]

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Real Estate Real Estate Agent Agents Brokerage 353

Appraisal Today

AUGUST 26, 2022

I understand that Fannie Mae requires the sales comparison approach, but what if there aren’t enough good comps? In order to comply with Fannie Mae guidelines, the sales comparison approach must be the primary method used to determine the value. In my area, there are very few land sales. Answer: No!

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Appraisal Today

JUNE 17, 2022

Unfortunately, the well was actually located on an adjacent lot that, at one time, was part of the subject lot prior to the lots being subdivided. It was shared by four nearby homes. My inbox is flooded with news emails about opinions on what is happening now and forecasts for the future. New homes – what is happening?

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Listing Spark

SEPTEMBER 28, 2023

increase in pending sales over June 2023, with a great deal of that increase happening in the South and West regions. But that increase makes more sense when comparing it to last year’s pending sales (a 14% decrease from last year) and all the other market activity. July 2023 saw a 0.9%

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Cleveland Appraisal Blog

MAY 13, 2021

When we are looking at a rainbow, what we are viewing is the light being refracted off water droplets. . You might be standing right next to someone, looking at what seems to be the same rainbow. However, what we are seeing is technically different. Buyers have their view of how much they are willing to pay for a home.

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Appraisal Today

OCTOBER 13, 2023

But what if the appraisal form was completely blank with no boilerplate text? What if you could not use the URAR form at all, but still had to produce an appraisal report that could stand up in court? Level 1 – Beginner This is where we all start. What if you don’t want to do either one? Are your legs shaking?

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Appraisal Today

SEPTEMBER 1, 2023

Appraising Odd Properties: What’s the Weirdest Property You’ve Appraised Recently? McKissock Survey Excerpts: As a professional appraiser, you’ll likely encounter some strange properties from time to time. To see more examples, Click Here My comments: I was inspired by this post and included two unusual homes in this newsletter.

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Appraisal Contracts Mortgage Real Estate 81

Listing Spark

FEBRUARY 7, 2024

As we enter into 2024, we are stepping out of one of the most turbulent years for real estate in Texas in some time. On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. Some markets were affected more than others.

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Appraisal Today

AUGUST 13, 2023

I have not had time to use it, but have been reading and watching demos about how it can be used for appraisers for awhile. High-end construction with luxe touches throughout, vaulted ceilings elevate the space. Appraisers there regularly value homes with small vineyards, sometimes leased to wine makers.

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Appraisal Today

OCTOBER 14, 2022

After many years of reading appraisal reports, my response is “One that leaves the reader with few unanswered questions, allows the data to tell the story, keeps appraiser interventions to a minimum and is able to present a case for what a property is worth, as well as what it is not worth.”. What Causes Appraisal Revisions?

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Appraisal Today

DECEMBER 16, 2022

Excerpts: The Collateral Risk Network (CRN) met in Sarasota on December 6th to discuss a variety of issues ranging from appraisal turn times to Fannie Mae’s economic outlook for 2023. Bill Rayburn gave a rousing and lively explanation of exactly what quality means in valuation at a recent meeting. To read more, click here.

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Modernization Appraisal Contracts Real Estate 52

Lamacchia Realty

APRIL 15, 2022

week supply of homes for sale. We will tell them how after the once-in-a-century pandemic , the average home sale price increased dramatically. So if someone bought a house in early January of 2021 and put 20% down, they would have nearly 40% equity in the home by the end of December.

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Marketing Sellers Buyers Inventory 61

Will Springer Realtor

MAY 9, 2023

Almost since the start of the pandemic, homeowners have been spending more time enjoying their low-financed houses and condos. They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer.

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Appraisal Today

NOVEMBER 20, 2022

Due to the shortage of review appraisers (exacerbated by low fees and time pressures), tens of thousands of poorly created appraisals were accepted without receiving adequate review. Failure to make appropriate time/market adjustments (positive or negative). What’s happening now. What you can do today.

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Appraisal Today

OCTOBER 21, 2022

Excerpts: Social media and the mainstream media make a mess of these markets even in the best of times. Neither are not great metrics for what our local markets are doing. Until we get past this period over the next few months it may be hard to say definitively what is exactly happening. So, what metrics are worth watching?

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Appraisal Marketing Contracts Insurance 52

Will Springer Realtor

MARCH 12, 2024

As a result, home buyers and sellers across Seattle/King County saw a mixed bag of activity in February, according to the Northwest Multiple Listing Service (MLS). Home sales figures were little changed in the county as a whole year-on-year (YoY) but varied widely by city, while home prices reached double digits amid growing demand.

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Listing Spark

AUGUST 25, 2020

Here at ListingSpark, we work with A LOT of sellers who start out as a For Sale By Owner. For that reason, I put together a list of 5 tips every FSBO (For Sale By Owner) should know. What most For Sale By Owner sellers don’t realize is that nothing in life is actually free. So what’s the catch?

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Agents Buyers Sellers Real Estate Agent 36

Will Springer Realtor

JULY 8, 2022

Our shrinking wallets have people delaying bigger purchases or at least looking for bargains when possible – including homes. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Not really sure.”.

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Housing Market Marketing Inventory HOA 36

Appraisal Today

MAY 20, 2022

By the way, I measured the home also. It took about 15 minutes for me to measure the home. It was professional-looking and had all the data that I needed. Its measurements were within 15 square feet of mine on a home that was just over 2,400 square feet. What does $1,000,000 buy where you live? By Jamie Owen.

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Appraisal Contracts Real Estate Mortgage 52

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. We are all sensitive to rising interest rates, particularly when attempting to finance the largest purchase of our lives. home prices will decline 5.5%

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Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. In fact, 36% of all Seattleites are Millennials.

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Real Estate Inventory Buyers Construction 36

McKissock

MAY 30, 2023

However, the persistently high core inflation rate of 5.5% The first quarter of 2023 saw substantial mortgage rate fluctuations, with the 30-year FRM ranging from a low of 6.09% to a high of 6.73%. National house prices are expected to keep home purchase originations flat this year. Get tips and insights in this article.

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Real Estate Construction Appraisal Inventory 73