Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap. In fact, Austin has just about 1.2

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Birmingham Appraisal

FEBRUARY 20, 2024

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

Agents Appraisal Real Estate Agent Bracketing 89

Housing Wire

MARCH 28, 2024

In fact, if you were to describe the home-buying experience solely upon the things we see in advertisements, the home-buying process would end with the sales contract, and all parties would merrily proceed directly to the handing over of the keys. It doesn’t lend itself to a 24-hour cycle. But there’s also room for improvement.

HOA 410

HOA Property Management Real Estate Agent Technology 410

Realtor

NOVEMBER 1, 2023

Here’s a brief look at the VA loan process to help both veteran homebuyers and their real estate agents better navigate how to cross the finish line. It also shows home sellers and listing agents that you’re a strong home-buying candidate. Getting under contract Signing a contract to purchase a home comes next.

Real Estate Agent 127

Real Estate Agent Contracts Finance Real Estate 127

Housing Wire

NOVEMBER 22, 2023

In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing over of the keys. It doesn’t lend itself to a 24-hour cycle. There’s an entire industry built upon the “What’s next?”

HOA 396

HOA Real Estate Agent Technology Real Estate 396

Raleigh Realty

FEBRUARY 19, 2022

9 Things to Know BEFORE Your Home Appraisal Home appraisals. They can keep buyers up at night after going under contract on a home. With competitive bidding wars and home selling for large percentages over the asking price, it's no wonder everyone is concerned about the home appraisal. What is a Home Appraisal?

Appraisal 148

Appraisal Appraisal Process Real Estate Agent Renovations 148

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

Appraisal Today

SEPTEMBER 15, 2023

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. To read the report, click here My comments: Read the appraiser sections in the long report. This is up sharply from 27 percent last year.

Appraisal 82

Appraisal Real Estate Agent Contracts Real Estate 82

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. Many allegations related to appraisals that used inappropriate comparable sales that were used to “make” a deal work.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

DECEMBER 21, 2023

The VA makes a guarantee to the lending institution for 25% of the loan amount and the lender is responsible for evaluating the eligibility of the borrower. This product allows a homebuyer to purchase a fixer-upper and finance the purchase and renovation in one loan based on the expected appraised value of the home after improvements.

Mortgage 426

Mortgage Renovations Appraisal Process Finance 426

Birmingham Appraisal

AUGUST 23, 2023

How Can Appraisers and Agents Work Together? In the often chaotic world of real estate, the appraiser-agent relationship can contribute to a smoother process. There are many areas that appraisers and agents can inform and educate one another so that each of their jobs is done more successfully.

Agents 85

Agents Appraisal Valuation Appraisal Process 85

Appraisal Today

AUGUST 25, 2023

What’s the Average Real Estate Appraiser Salary? Excerpts: On average, appraisers earn $102,620 a year. However… the average appraiser salary varies significantly across license levels. Trainee appraisers earn an average annual income of about $53K. Licensed appraisers earn approximately $89K per year.

Appraisal 76

Appraisal Real Estate Agent Agents Real Estate 76

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

Housing Wire

DECEMBER 6, 2021

In the next five-to-10 years, Doma CEO Max Simkoff wants to make it possible for a homebuyer to sign a contract on their new home on a Friday evening and move in on a Monday morning. Qualia CEO Nate Baker. That is the end goal and what prevents that today is so much of the process being analog and manual,” Simkoff said.

Modernization 381

Modernization Real Estate Agent Insurance Real Estate 381

Appraisal Today

FEBRUARY 9, 2024

How do appraisers consider appliances? also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” FHA Handbook 4000.1

Appraisal 80

Appraisal Contracts Insurance Construction 80

Birmingham Appraisal

FEBRUARY 8, 2023

All Appraisals Are Not The Same All appraisals are the same, right? Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not.

Realtors 80

Realtors Appraisal Market Value Real Estate Agent 80

Appraisal Today

MARCH 15, 2024

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Whether you’re a seasoned appraiser or new to the field, having a better understanding of rural properties is essential for providing credible appraisals. Well written.

Appraisal 69

Appraisal Inspection Modernization Business 69

Housing Wire

APRIL 8, 2021

First, the pre-approval letter tells the seller that you are serious about buying a home and that you have a commitment from a reputable lender on how much it will lend to you. When it comes to using this third negotiating tool, Bryher said appraisal gaps must be considered carefully. In an extremely competive market?

Inspection 433

Inspection Sellers Buyers Tools 433

Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals.

Appraisal 77

Appraisal Construction Contracts Architecture 77

Cleveland Appraisal Blog

MARCH 30, 2021

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. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. They just look at the number. .

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Birmingham Appraisal

SEPTEMBER 15, 2022

What New Homebuyers Need To Know About Appraisals. In this new homebuyer’s guide to appraisals, I’ll help you understand the process during your first home purchase. I would like to do my part by informing and educating you on the appraisal part of the transaction. What is a Mortgage Appraisal?

Appraisal 93

Appraisal Inspection Appraisal Process Real Estate Agent 93

Appraisal Today

JANUARY 12, 2024

FHFA Report: Underutilization of Appraisal Time Adjustments Published: 1/8/2024 Excerpts: Fannie Mae, Freddie Mac, and Federal Housing Administration appraisal guidelines require such adjustments whenever market conditions have been changing. They are one of the easiest adjustments to make. My market is very volatile.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Annarbor Appraisal

SEPTEMBER 6, 2020

Challenging the results of the appraisal for mortgage financing. The first thing to remember as a consumer or real estate agent, is that the client is the lender, not the consumer. The appraisal is for their benefit, but at the same time, the appraiser needs to complete a fair and supportable valuation.

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

Housing Wire

NOVEMBER 30, 2023

Brimming with coursework that is up to date with current trends, expect to receive insight on issues facing Ohio real estate agents today. From agency relationships to local government regulations and more, every topic is inspired by the property types and types of transactions you’ll encounter as an Ohio real estate agent.

Real Estate 369

Real Estate Real Estate Agent Law Inspection 369

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. If the appraisal is for lending purposes, be sure to find out if it is “lendable” before spending much time on it.

Appraisal 78

Appraisal Contracts Mortgage Real Estate 78

Appraisal Today

OCTOBER 6, 2023

2024 USPAP Source: Appraisal Foundation The 2024 Uniform Standards of Professional Appraisal Practice is now available for purchase in physical and digital formats. When USPAP started, it was very exciting as appraisers had to decide what needed to be changed or added. This covers all Definitions, Rules, and Standards.

Appraisal 77

Appraisal Contracts Real Estate Mortgage 77

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

Eppraisal

FEBRUARY 17, 2023

There are two ways in which home values can be estimated by real estate professionals. A comparable market analysis can be prepared, or an appraisal can be performed. Many real estate agents will prepare a CMA for you for free. The sales comparison approach is the most common.

Appraisal 36

Appraisal Real Estate Agent Marketing Real Estate 36

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.

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Realtor

JULY 13, 2021

Contingencies, in the world of real estate, are essentially conditions that must be met to finalize the sale of a home. The provisions of a contingency contract are there to protect buyers and sellers. A contingency offers an escape hatch if problems arise with the home or the homebuying process. Other experts agree. “An

Inspection 203

Inspection Real Estate Agent Real Estate Buyers 203

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. The other party has no obligation to respond to you, but your real estate agent can reach out to learn their motivation for declining your proposal.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Housing Wire

FEBRUARY 7, 2023

The fees are typically lower than in new loans, and no appraisal is needed. In a June 2022 letter, nonbank trade group Community Home Lending Association suggested increasing the lender fee to 2%, plus a $500 underwriting fee. Tozer suggested “a fee of 1.3% Currently, piggyback loans have more stringent credit requirements.

Mortgage 363

Mortgage Loan Officers Government Buyers 363

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

Hank Miller Team

NOVEMBER 22, 2022

Appraisers and home inspectors are important parts of a real estate transaction, but they serve completely different purposes. There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. What is a Real Estate Appraisal?

Inspection 52

Inspection Appraisal Buyers Sellers 52

Appraisal Today

OCTOBER 7, 2022

NAR Appraisal Survey 2022. Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. The typical appraiser reports a 40-mile radius in which they conduct appraisals. While agents can “puff” we cannot!

Appraisal 52

Appraisal Contracts Architecture Housing Market 52

Appraisal Today

APRIL 28, 2023

Appraising Solar Panels By Mark Buhler Excerpts: You drive up to the property. First: How do appraisers value any amenity of a property? Appraisal 101 would suggest the matched pairs analysis. Excerpts from text: No two real estate appraisal assignments are alike. What to do? Those are certainly options.

Appraisal 52

Appraisal Real Estate Business Contracts 52

Appraisal Today

APRIL 21, 2023

The State Appraisal Board Wants to Throw Me Under the Bus, Right? Again, simply put, the investigator and board look to see if the appraisal meets the requirements of USPAP’s Standard 1, and if the report meets the requirements of USPAP’s Standard 2. This, to a great extent, is a function of the current political climate.

Appraisal 52

Appraisal Contracts Modernization Mortgage 52