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 90

Appraisal Inspection Appraisal Process Real Estate Agent 90

Genworth MI Blog

AUGUST 31, 2022

Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?

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Inspection Appraisal Marketing Appraisal Process 78

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. Meanwhile, sellers are anchored to another market completely, he said. In-Depth Look at the State of Appraisals.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Realtor

OCTOBER 16, 2023

Listing agents are going to recommend their seller ask for shorter time periods for loan approval.” Not preparing for the possibility of a low appraisal Before lenders front the money for a house, they will have an independent home appraiser estimate its value. ” 9. . ” 10. .

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. A full pre-approval is when a mortgage loan officer pulls your credit, verifies your employment and income, has your complete application and has all the required documents from you. Your loan officer may even put your file through an initial underwriting.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Town & Country Residential Appraisals

JANUARY 24, 2020

If you ever experience this from a loan officer, feel free to report this behavior to the CFPB here. If you feel that an appraiser has artificially inflated a market value opinion, report this behavior to the PA Appraiser Board here. After nearly 20 years of appraising, we’ve seen some weird things.

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Appraisal Market Value Contracts Clients 36

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 83

Appraisal Real Estate Agent Contracts Real Estate 83

PennyMac

JANUARY 2, 2024

It differs from a typical rate lock since you lock in the rate while shopping for a house—with the intention that you’ll find one in the next 60 days or so—and lock the rate once you go under contract. A BuyerReady Certification is Pennymac’s unique loan certification process that can tell you the mortgage amount you could qualify for.

Mortgage 36

Mortgage Contracts Loan Officers Marketing 36

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

Assurance Financial

DECEMBER 20, 2021

In a traditional home sale, the seller lists the house for a price that will cover the following costs: The mortgage’s remaining costs. Existing home equity loans or home equity lines of credit (HELOCs), if applicable. After taking care of the above expenses, whatever amount is left over is the seller’s profit.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Cornerstone

OCTOBER 26, 2021

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… ’”. This difference is known as ‘the appraisal gap… ’”.

Sellers 57

Sellers Buyers Appraisal Loan Officers 57

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 68

Appraisal Contracts Mortgage Marketing 68

Appraisal Today

AUGUST 13, 2023

ChatGPT: Valuable Tool or a Replacement for Real Estate Appraisers? 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. Appraisers there regularly value homes with small vineyards, sometimes leased to wine makers. Isn’t that Just PAVEY!

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

PennyMac

JUNE 28, 2022

Throughout the process of buying a home, many professionals have contributed important services, and both buyers and sellers will need to pay fees for that before the property can be officially sold. Closing costs can apply to both the buyer and seller. Down payments of 10–24.99%—sellers can contribute 6% of closing costs.

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Insurance Property Taxes Sellers Inspection 36

Appraisal Today

OCTOBER 14, 2022

Appraisal Risk, Reviews, and Revisions. Excerpts: This is part three of a three part series on appraisal review – Read parts one and two. I am often posed with the following question “How do you know when you are looking at a “good” appraisal?” Appraisers and AMCs spend less time and have fewer hassles. By Ken Dicks.

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Appraisal Insurance Real Estate Business 52

PennyMac

DECEMBER 22, 2020

In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. Step 5: Get an Appraisal on Your Ideal Property. During the appraisal, a licensed appraiser will take inventory of major systems (i.e.,

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

PennyMac

APRIL 2, 2020

Getting this first step in the loan process completed before you start looking at homes will ensure that you are ready to make an offer (and succeed!) Plus, some sellers will only consider offers from buyers who are pre-approved, so it’s best to set yourself up for success with this easy move. Step 9: Get Your Home Appraised.

Real Estate Agent 36

Real Estate Agent Inspection Sellers Real Estate 36

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. What appraisers do. But never fear.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. What appraisers do. But never fear.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers.

Sellers 69

Sellers Agents Real Estate Buyers 69