Appraisal Buzz

MAY 6, 2024

If this trend continues, consumers and appraisers will need to have a heightened awareness of where and how insurance pricing or availability is affecting house prices.” And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

HOA 370

HOA Insurance Legal Fees Valuation 370

D Fritz Appraisals

SEPTEMBER 19, 2019

Home Appraisals and Online Home Value Estimates Are NOT the Same Thing. On-site vs. Online: Proper Home Appraisals Need to be Done in Person. Online home value estimates, however, are not a substitute for a house appraisal carried out by a licensed real estate appraiser.

Home Value 78

Home Value Appraisal Real Estate Agent Tools 78

Housing Wire

NOVEMBER 7, 2023

“If somebody is concerned about that (taxes), I always put it back on the buyer and ask them, ‘Do you have any control in the increase of your rent payment?’” single-family home was $3,901, up 3% compared to 2021, ATTOM reported. The assessed value is often significantly lower than the appraised market value.

Property Taxes 540

Property Taxes Home Value Government Buyers 540

Housing Wire

MAY 1, 2024

By shifting representation costs to buyers, it prices out those already struggling — minorities historically denied access, fixed-income seniors, and first-time buyers stretched for a down payment. President Biden’s proposal claims to lower home prices, yet provides no evidence beyond wishful political proclamations.

Realtors 371

Realtors Buyers Real Estate Modernization 371

Realtor

SEPTEMBER 19, 2023

Getty Images Home appraisals are a piece of the selling process where you may have to let go of the reins. Lenders often require the use of their own, FHA-approved home appraiser. Here are some things sellers can do—straight from the home appraisers’ mouths—to navigate the process of home appraisals.

Appraisal 194

Appraisal Sellers Real Estate Agent Appraisal Process 194

National Association of Realtors

DECEMBER 16, 2020

Understand home value, learn details about the appraisal process, borrowers rights, and more. Use this resource to become an informed home buyer.

Appraisal Process 85

Appraisal Process Buyers Appraisal Home Value 85

Town & Country Residential Appraisals

DECEMBER 4, 2023

Insurance companies see these homes as risky, making it harder and more expensive to get coverage. How It Affects Your Home's Value Now, let's get to the point – how does knob and tube wiring impact your home's value? This can also have a negative impact on the insurability of the home due to the safety concerns.

Home Value 56

Home Value Insurance Buyers Modernization 56

Appraisal Buzz

JULY 18, 2022

Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market. Therefore, it begs the question: what will happen to home values? To answer this question, we must consider the historical correlation between interest rates and home price appreciation.

Sellers 435

Sellers Marketing Market Value Home Value 435

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

Appraisal Buzz

MAY 8, 2024

The persistence of housing demand, coupled with a stable market for home values, is instilling confidence among buyers who believe acquiring home equity will compensate for the higher rates. The post MCT: Mortgage Lock Volume Increased 2 Percent in April Despite Rising Rates appeared first on Appraisal Buzz.

Mortgage 195

Mortgage Home Value Real Estate Technology 195

National Association of Realtors

AUGUST 1, 2023

The answer to who can set market value involves buyers, sellers—and the very definition of “value.”

Home Value 69

Home Value Market Value Appraisal Sellers 69

DataMaster

APRIL 6, 2021

What is an home appraisal? Why Didn’t My Home Appraise Higher? Appraisals can be confusing. A friend (I’ll call him Art) recently had his home appraised. When the appraisal came back, he was shocked to see that his home appraised for less than two homes nearby that had recently sold.

Appraisal 158

Appraisal Appraisal Process Buyers Legal 158

Appraisal Buzz

APRIL 2, 2024

With home values mostly up annually throughout the U.S., Home ownership on the northeast and west coasts still eats up largest chunk of wages, ATTOM says. That is down from 33.2% in the fourth quarter of 2023 as expenses commonly have dropped almost 3% while wages have remained flat nationwide. hit in the first quarter of 2021.

Property Taxes 195

Property Taxes Insurance Home Value Buyers 195

Raleigh Realty

FEBRUARY 19, 2022

Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? You've found a home you love, put down an offer you're excited about, and the closing date is fast approaching. Now it's time for the home appraisal. What is a Home Appraisal?

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

Boston Appraisal

JANUARY 18, 2023

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. This affected buyers and sellers.

Sellers 78

Sellers Buyers Home Value Marketing 78

Appraisal Buzz

APRIL 20, 2022

Quickly rising mortgage rates are compounding affordability challenges that have been brought on by record home value growth. home is now 19.5% Despite this, the pace and volume of sales picked up in March, showing the depth of the pool of home buyers willing and able to meet.

Mortgage 195

Mortgage Home Value Real Estate Buyers 195

Chicagoland Appraisal Blog

APRIL 11, 2021

When Zillow first came out, real estate appraisers would often hear “Zillow says my home value is…” This is usually followed by a cringed face and sigh. To put this debate to rest, o ur lead appraiser John did a sampling of recently appraised homes in Chicago to see how Zillow stacks up against a local real estate appraiser.

Appraisal 135

Appraisal Real Estate Real Estate Agent Sellers 135

Appraisal Buzz

FEBRUARY 4, 2022

According to Zillow, home values are growing fastest in areas with the highest population of children, reflecting the impact millennial homebuyers are making on family-friendly neighborhoods with a shortage of homes for sale.

Home Value 195

Home Value Buyers Appraisal 195

Cornerstone

OCTOBER 26, 2021

Home values are climbing at nearly historic levels. As a result, hurdles related to home appraisals have also started to arise. In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. This difference is known as ‘the appraisal gap… ’”.

Sellers 57

Sellers Buyers Appraisal Loan Officers 57

Housing Wire

JUNE 1, 2021

HUD plans to launch a “first-of-its-kind interagency effort” to combat inequity in appraisals , according to a White House press release. Why use several vendors for title searches, appraisals and underwriting when you can use one? HUD has also taken steps to craft a rule on the legal duty to Affirmatively Further Fair Housing.

Renovations 502

Renovations Development Investors Legal 502

Appraiserblogs

FEBRUARY 21, 2023

The AEI Housing Center recently released an analysis revealing that reports by the Federal Housing Finance Agency (FHFA) and by Brookings, attributing the greater prevalence of under-valuations in home purchase appraisals. This is an analysis of Freddie Mac's misleading and basically defamatory paper on Appraisal Gap.…

Valuation 138

Valuation Contracts Home Value Appraisal 138

Hank Miller Team

JANUARY 25, 2022

The discussions surrounding the question of “what’s a home worth” will never end, because there is no standard answer. Sure the reflex text book answer is “what a buyer is willing to pay” but that’s hardly the complete picture. A home has a number of “values” and most are not tied to the buyers in the market.

Home Value 52

Home Value Market Value Buyers Inventory 52

Empire Appraisal Group

DECEMBER 1, 2022

Buyers Waited for Falling Prices? Source: Buyers Waited for Falling Prices? Some buyers waited for bargain homes that appeared after the Great Recession – but to counter higher mortgage rates, year-to-year prices have to drop 45%. The post Buyers Waited for Falling Prices? Big Mistake. Bethesda, MD (301) 215-468.

Buyers 78

Buyers Realtors Mortgage Appraisal 78

Appraisal Today

JUNE 23, 2023

This Is Where Appraisal Liability Risks Lie (Plus Tips on How to Avoid Them) By: McKissock Excerpts: While it’s difficult for a litigant to win a judgment against an appraiser, that doesn’t spare appraisers the inconvenience of being sued, which can be costly, time-consuming, and harmful to one’s reputation even if the suit fails.

Appraisal 86

Appraisal Real Estate Valuation Contracts 86

Appraisal Buzz

MAY 19, 2022

Buyer demand has been strong enough to keep the market moving at a record pace, even after a massive spike in mortgage rates. Year-over-year home value growth set a record for the 13th consecutive … The post Housing Market Moving at Record Speed appeared first on DSNews.

Housing Market 150

Housing Market Marketing Home Value Real Estate 150

Cleveland Appraisal Blog

MAY 13, 2021

There is the owner of the home, who has a view of what they feel their home is worth. Buyers have their view of how much they are willing to pay for a home. Real estate agents have a view of what the home should be listed for, based upon their research and experience. THE BUYER’S VIEW. Not at all!

Market Value 298

Market Value Contracts Appraisal Buyers 298

Housing Wire

NOVEMBER 16, 2023

When CoreLogic acquired Roostify, the digital mortgage technology company I co-founded and led for more than a decade, in February, our mission was to accelerate and simplify the home lending experience. We built out a solution that put the consumers (homebuyers and home sellers) at the center of the transaction instead of a Realtor.

Realtors 384

Realtors Contracts Real Estate Agents 384

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.

Real Estate 86

Real Estate Appraisal Marketing Market Value 86

East Coast Appraisal

FEBRUARY 28, 2022

If you plan to refinance or sell your home, you should first determine its fair market value. Then, property appraisals are an opportunity for an appraiser to check your home's quality, condition, amenities, location, and other special features that affect its value.

Appraisal 52

Appraisal Renovations Home Value Construction 52

East Coast Appraisal

MAY 24, 2023

While trying to buy a home, you may have found out that some lenders require their borrowers to have an appraisal and/or an inspection completed. Some lenders may only require an appraisal and leave the decision about an inspection up to you. Home appraisals are a way to determine the value of the home.

Inspection 52

Inspection Appraisal Sellers Buyers 52

Appraisal Buzz

FEBRUARY 4, 2022

According to Zillow, home values are growing fastest in areas with the highest population of children, reflecting the impact millennial homebuyers are making on family-friendly neighborhoods with a shortage of homes for sale. The post Top 10 Metros with Children Cause Surge in Market appeared first on Appraisal Buzz.

Marketing 195

Marketing Home Value Buyers Appraisal 195

Raleigh Realty

MARCH 26, 2022

What Is A Buyer's Agent? What is a Buyer's Agent in Real Estate and do I need one when buying a home? We have all that answered and more If you are wondering if you should use a Buyer's Agent the answer is easy, yes. At Raleigh Realty we have some of the best Buyer Agents and Realtors on our team.

Real Estate 148

Real Estate Buyers Agents Contracts 148

DataMaster

APRIL 6, 2021

What is an home appraisal? Why Didn’t My Home Appraise Higher? Appraisals can be confusing. A friend (I’ll call him Art) recently had his home appraised. When the appraisal came back, he was shocked to see that his home appraised for less than two homes nearby that had recently sold.

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

DataMaster

APRIL 6, 2021

What is an home appraisal? Why Didn’t My Home Appraise Higher? Appraisals can be confusing. A friend (I’ll call him Art) recently had his home appraised. When the appraisal came back, he was shocked to see that his home appraised for less than two homes nearby that had recently sold.

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

Cleveland Appraisal Blog

APRIL 29, 2021

Welcome to Emily Miller , who wrote this piece for the Cleveland Appraisal Blog. Tips for Increasing Your Home’s Value Without Spending a Fortune. Buying a property is not just about creating a home, it is making a long-term investment. What Home Appraisers Look For. What Buyers Look For.

Appraisal 249

Appraisal Investing Buyers Renovations 249

AmeriMac

JANUARY 30, 2024

What is a Reverse Mortgage Appraisal? A reverse mortgage appraisal is an evaluation of a property’s value to determine how much money can be borrowed through a reverse mortgage. The appraisal is important because it helps lenders assess the risk associated with the reverse mortgage loan.

Appraisal Process 36

Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

East Coast Appraisal

MARCH 16, 2023

A home appraisal is one of the best ways to determine a property's market value. Fortunately, you can take several steps to improve your home's appraisal. A higher appraisal value means you can sell your home for a higher price, which can result in a larger profit for you as the seller.

Appraisal 52

Appraisal Renovations Home Value Inspection 52