The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

Contracts 143

Contracts Tenants Legal Sellers 143

Eppraisal

OCTOBER 26, 2021

Some are waiving appraisals and others are even offering to waive inspection contingencies. Inspection Contingencies Defined When buyers and sellers agree on all the terms of a real estate contract, it is signed and delivered to all parties. Some buyers like to have the roofs inspected by roofing companies.

Inspection 69

Inspection Buyers Real Estate Agent Contracts 69

Appraisal Today

JANUARY 5, 2024

Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. I suppose it is because most appraisals are done (now) for residential lending purposes.

Appraisal 75

Appraisal Contracts Legal Business 75

Cleveland Appraisal Blog

AUGUST 11, 2022

Talking to your real estate agent or appraiser is also helpful to get a professional’s point of view. Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer. Thanks so much for reading the articles at the Cleveland Appraisal Blog!

Renovations 221

Renovations Buyers Appraisal Investing 221

Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. How Do I Get Ready for the Appraisal on My House?

Appraisal 126

Appraisal HOA Easement Valuation 126

McKissock

JANUARY 6, 2023

How about one for you and your appraisal business? Most of us are fee appraisers who work independently. Our opportunity is time—it’s time to take stock of where we are and perhaps consider diversification or an alternative appraisal career. Here are a few ideas for transforming your appraisal career in 2023.

Appraisal 74

Appraisal Training Lending Land Management 74

Cleveland Appraisal Blog

JANUARY 7, 2021

However, what if the car salesman said that the buyer would have to sign a contract stating that they could not resell the second car? CONSIDERING LAND IN THE APPRAISAL PROCESS. When appraising a property, we must analyze what the highest and best use of the land is. They would just have to figure out a way to use it.

Appraisal 344

Appraisal Legal Inspection Real Estate 344

Appraisal Today

MARCH 31, 2023

Fannie Mae: Appraisals are no longer the default option: Value Acceptance replaces Appraisal Waiver Fannie Mae updated its Selling Guide on March 1 to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” Fannie sells their loans to investors.

Appraisal 52

Appraisal Contracts Inspection Clients 52

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. You can say no to the counteroffer, accept it or propose new changes to the contract. Arriving at a verbal agreement differs from being in a contract.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Appraisal Today

APRIL 14, 2023

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.

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

Appraisal Today

SEPTEMBER 30, 2022

Killed by Carbon Monoxide: Appraiser Blamed. Excerpts: For decades, appraisers have been gently reminded to pay careful attention to smoke alarms and carbon monoxide (CO) detectors—especially noting when they are absent altogether. Humor for Appraisers. Read this article on how to check CO detectors. CO Detector vs Smoke Alarm.

Appraisal 52

Appraisal Inspection Easement Contracts 52

Eppraisal

JULY 19, 2022

Contract Review Whether you are a home buyer or a home seller, once you sign a contract it is time to hire a real estate attorney. Most real estate contracts call for a specific amount of time, typically five to 10 business days, for attorney review. It is advised that you forward the inspection reports to your attorney.

Real Estate 36

Real Estate Inspection Real Estate Agent Contracts 36

Raleigh Realty

MARCH 31, 2021

In every market though, things happen where homes that are under the contract may not reach the closing table and the contingency clause usually protects the buyer and sometimes the seller in the event the parties decide to terminate. The seller does not have the ability to accept another offer. What Does Pending Mean in Real Estate?

Real Estate 148

Real Estate Sellers Contracts Buyers 148

McKissock

JULY 6, 2022

I would recommend including at least property access, financial outcomes, and potential roadblocks from contract to closing. For sellers, they need a clear understanding of what showings, open houses, and inspections could entail. They should be educated on loan costs, contract fees, inspection expenses, etc.

Clients 87

Clients Real Estate Contracts Sellers 87

Appraisal Today

NOVEMBER 4, 2022

Appraisers Share Their Best Tips for Working with AMCs. Our office updates AMCs on every scheduling attempt with details, every inspection appointment set and completion, and any materials needed ASAP in the assignment. My comments: Read this blog post with practical tips from practicing appraisers. Appraisal Business Tips .

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

The Robert Weiler Company

SEPTEMBER 20, 2020

Inspect Equipment for Safety. Call upon a professional when inspecting the HVAC system. Summer is the best time to renegotiate contracts, plan for significant repairs, and take care of pesky pests. Review Finances and Renegotiate Contracts. Inspect and Clean Debris. Better to be safe than sorry!

Property Management 145

Property Management Tenants Inspection Contracts 145

Raleigh Realty

MARCH 23, 2021

And while that may be enticing, there are many other costs and legal repercussions that are associated with selling a home that will be the full responsibility of the seller if a real estate agent is not involved. Here's what you should know before the appraisal. What Real Estate Contract do I Use When Selling For Sale By Owner?

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Listing Spark

OCTOBER 9, 2023

Research comparable homes in your area, analyze market trends, and consider hiring an appraiser to determine an accurate listing price. Understand buyer motivations, be open to reasonable offers, and consider seeking legal advice for more complex negotiations. Negotiation Skills: Brush up on your negotiation skills.

Real Estate Agent 36

Real Estate Agent Legal Real Estate Agents 36

Eppraisal

DECEMBER 23, 2022

Inspection Period After the contract is signed and delivered to all parties, it becomes a fully executed contract. The contract allows the buyer a certain number of days to have home inspections performed. You'll have to make your home available for these inspections as there may be more than one.

Real Estate 36

Real Estate Sellers Inspection Contracts 36

Hank Miller Team

FEBRUARY 27, 2022

Princes are conventional loans with as much down as possible Offer 3-4 in earnest money and deposit it within a day of contract Waive contingencies like inspection, appraisal, and financing Learn what is key to seller and try to accommodate them Keep things simple, no nonsense stipulations or asks This is the market right now (late 2/22).

Buyers 52

Buyers Inspection Contracts Sellers 52

The Robert Weiler Company

OCTOBER 21, 2022

Feeling a bit overwhelmed by the thought of a commercial real estate appraisal? The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Realtor

DECEMBER 7, 2019

But keep in mind: Even with a pre-approval letter , things can still go awry in the final lending stages (including the appraisal—see the next item). Contingency: Appraisal. An appraisal is required by most lenders, and it can be useful to buyers trying to negotiate a price. But appraisals can be tricky. Fear factor: 3.

HOA 108

HOA Inspection Sellers Appraisal 108

The Robert Weiler Company

MARCH 29, 2023

With regularly scheduled inspections, potential issues are discovered early on before it turns into an emergency. Also, you can sometimes obtain maintenance services at a discounted rate when the work is contracted through the property management company. Reduce legal concerns. Save time, money, and energy.

Property Management 78

Property Management Tenants Real Estate Investors 78

Eppraisal

JANUARY 29, 2023

In this posting, we will follow the acts of contract negotiation and legal settlement when undeveloped land changes ownership. Other information on the land is there, too: square footage/acreage, legal address, assessed value and the last sales price, to name a few. Subsequently, the process of conveyance must proceed.

Development 36

Development Counter Offer Easement Legal 36

Aedis Appraisals

JANUARY 12, 2018

Regardless of whether you happen to be a lender or buyer, it’s important for you to understand the salient details of contemporary real estate appraisals, especially if your forthcoming transaction is lucrative and vital to your financial future. Real Estate Appraisers Are Knowledgeable Professionals. Legal settlements and litigation.

Real Estate 36

Real Estate Appraisal Valuation Legal 36

Realtor

DECEMBER 7, 2019

But keep in mind: Even with a pre-approval letter , things can still go awry in the final lending stages (including the appraisal—see the next item). Contingency: Appraisal. An appraisal is required by most lenders, and it can be useful to buyers trying to negotiate a price. But appraisals can be tricky. Fear factor: 3.

HOA 78

HOA Inspection Sellers Appraisal 78

The Robert Weiler Company

OCTOBER 15, 2021

Commercial real estate appraisers will tell you that cap rates do not signify value. Another mistake – perhaps one of the more obvious (and, consequently, most detrimental) mistakes – is contracting the commercial property for sale in your personal name. retirement accounts) can be included as fair game in a lawsuit.

Investing 138

Investing Real Estate Tenants Investors 138

PennyMac

DECEMBER 22, 2020

The lender initiates legal proceedings against the borrower to foreclose on the property. Your agent should also be able to tell you if you need to hire anyone else, such as an attorney or an inspection service, depending on your state and situation. Step 5: Get an Appraisal on Your Ideal Property. Foreclosure.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Zillow

JULY 15, 2019

Appraisal management company (AMC) : An institution operated independently of a lender that, once notified by a lender, orders a home appraisal. Fees may include the appraisal, the home inspection, a title search, a pest inspection and more. Inspection occurs when the home is under contract or in escrow.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

PennyMac

SEPTEMBER 6, 2023

Buyers will have an inspection done and the cost of some repairs or updates, especially those regarding safety, often falls to the seller. Less hassle and negotiating A home inspection that uncovers a lot of issues can cost a decent amount of money upfront. Selling as is means you can usually avoid those possibly expensive repairs.

Renovations 36

Renovations Inspection Sellers Buyers 36

Cleveland Appraisal Blog

MAY 27, 2021

Who needs an appraiser when one has cash? There is a lot of information that an appraisal can provide, which can be helpful to lenders and homeowners. However, anyone can hire an appraiser to appraise a home. Appraisals provide information that can be helpful to the lender, and the buyer, in deciding about buying a home.

Market Value 418

Market Value Appraisal Buyers Marketing 418

The Robert Weiler Company

MAY 14, 2021

It is a group of increasingly vibrant – “and growing” – individuals with many estate planning appraisal and real estate planning needs for multiple properties. How Are Real Estate Appraisals Related to Estate Planning? A trust is a legal entity for the transfer of assets from the grantor to the beneficiary. He’s not even 30.

Real Estate 133

Real Estate Appraisal Legal Valuation 133

Will Springer Realtor

FEBRUARY 1, 2022

In addition to competing on price, buyers will often exclude contingencies for inspections , financing or low appraisal. Though not a legally binding date, buyers may claim the early acceptance is disingenuous and stains the practice of residential real estate sales.

Real Estate 36

Real Estate Sellers Buyers Legal 36

PennyMac

JUNE 28, 2022

From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. For example, if you have an FHA loan, there is a standard limit that sellers can only contribute 6% based on the appraised value and the price of the property. So, why are there closing costs as well? Closing Fee.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Realvals

JULY 29, 2022

Reading an appraisal report for the first time can be quite daunting. Whether you are a first-time homeowner or it’s your first time reading an appraisal for any reason, it’s quite a lot of information to take in at once. I will use this uniform residential appraisal report sample for this article.

Appraisal 78

Appraisal HOA Contracts Clients 78

Quicken Loans

APRIL 12, 2021

Foreclosure : the legal process in which a lender or mortgage investor takes back unpaid property. Also called a Notice of Default (NOD), or lis pendens (suit pending), the public notice is a written notification to the homeowner that the lender will pursue legal action if the debt is not paid. Stage 3: Pre-Foreclosure.

Inspection 54

Inspection Property Taxes Mortgage Investors 54