Remove Appraisal Remove Bracketing Remove Inspection Remove Sellers
article thumbnail

Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

Agents 89
article thumbnail

2024 Bidding Wars – How to Strike and Win

Lamacchia Realty

Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market. Consider writing into the offer that you’ll purchase the property regardless of the appraised value. Real estate is a long game.

Buyers 66
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Appraising Fixer Uppers

Appraisal Today

Appraising Fixer Uppers Excerpts: We’re all familiar with the term “fixer-upper.” The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. The rest of the post is a very good case study To read more, click here My comments: I have appraised many fixer-uppers.

article thumbnail

6 Ways to Prevent Conventional Loan Appraisal Revisions

Clear Capital

As an appraisal quality leader and former field appraiser, I know firsthand that working in the real estate appraisal industry can be a wild ride. Due to emerging shifts in the mortgage loan market, there is a heightened sense of urgency to review the conventional loan appraisal guidelines. . Location, location, location.

article thumbnail

2022 Bidding Wars – How to Strike and Win

Lamacchia Realty

Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since. Consider writing into the offer that you’ll purchase the property regardless of the appraised value. Offer Over Asking Sellers often price their homes aggressively to incite bidding wars.

Sellers 70
article thumbnail

2023 Bidding Wars – How to Strike and Win

Lamacchia Realty

Since then, as rates and inflation have continued to influence consumer sentiment and spending, inventory has remained low as sellers hesitate to dive into the market. Consider writing into the offer that you’ll purchase the property regardless of the appraised value. Real estate is a long game.

Buyers 41
article thumbnail

The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. Getting pre-approved tells the seller that you're serious. And the seller's agent will be happier to do business with a colleague in the field. USDA loans are for those in the low to moderate-income bracket.