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. For appraisals required to be Uniform Appraisal Dataset (UAD) compliant, you must indicate the type of sale for the transaction.

Appraisal 80

Appraisal Real Estate Real Estate Agent Contracts 80

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Housing Wire

NOVEMBER 1, 2023

In metros across the country, decade after decade, pre-internet and post-internet, buyer agents almost always get 2-3% of the sale price, paid by the seller, the researchers note. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

Clients 427

Clients Agents Buyers Sellers 427

Housing Wire

MARCH 5, 2024

An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. Typically, the fees are lower than those for new loans and no appraisal is needed. They can also earn an origination fee on the buyer’s second lien or on the existing seller’s new mortgage.

Mortgage 421

Mortgage Buyers Agents Real Estate Agent 421

Appraisal Buzz

SEPTEMBER 26, 2022

This article was originally published in the latest edition of the Fall 2022 Appraisal Buzz Magazine! The “official unofficial” government-related loan definition of market value is clear. It says buyer and seller are: Prudent and knowledgeable. buyer and seller are avariciously motivated; biased. They all liked value.

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Market Value Sellers Buyers Finance 321

Housing Wire

MARCH 1, 2022

Later in 2020, eOriginal was acquired by Wolters Kluwer for $280 million in cash and continues to operate within the Wolters Kluwer Governance, Risk & Compliance business. Global DMS emphasizes that their appraisal management software product EVO prevents the need to hire additional staff while also decreasing turn times for less cost.

Real Estate 350

Real Estate Brokerage Real Estate Agent Technology 350

Miller Samuel

JUNE 28, 2020

Then a startup agent trade group (NYRAC), made up of some of the most productive agents in the market and includes many of my long-time industry friends, pushed to hide the days on market metric from the public for what turned out to be a self-serving reason. Only sellers matter? Lesson learned. Days on market during Covid-19.

Housing Market 221

Housing Market Marketing Real Estate Sellers 221

Realtor

APRIL 14, 2021

This is creating bidding wars, offers over asking, and appraisal gaps—houses are going quickly,” says Shanon Schinkel , branch manager and mortgage lender at Homebridge Financial Services. But there are still many great opportunities if you’re patient and have a great real estate agent and lender.”.

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

Housing Wire

OCTOBER 1, 2021

It is hot, hot, hot here,” Clay Winder, a real estate agent for Keller Williams Westfield , said. If the house is over the average days on the market, buyers can offer list price, but if it’s new to the market on an opening weekend, they might go $5,000 to $10,000 over,” Becca Summers, a local Keller Williams agent said.

Housing Market 417

Housing Market Marketing Agents Real Estate 417

Lamacchia Realty

MARCH 17, 2023

Understanding the difference between these two values can help you make informed decisions when it comes to buying or selling a property Assessed Value Assessed value is a value that is assigned to a property by the local government for taxation purposes.

Market Value 73

Market Value Marketing Real Estate Agent Real Estate 73

Realtor

APRIL 14, 2021

This is creating bidding wars, offers over asking, and appraisal gaps—houses are going quickly,” says Shanon Schinkel , branch manager and mortgage lender at HomeTown. But there are still many great opportunities if you’re patient and have a great real estate agent and lender.”. Understand appraisal gaps.

Mortgage 78

Mortgage Real Estate Agent Buyers Real Estate 78

Appraisal Today

JULY 1, 2022

Excerpts: Appraisers, this article was prompted by my ‘coming in contact with several appraisal reports where different regional appraisers report the physical location of the subject property “in” a particular City associated with the postal ZIP Code for that City. Appraisal Business Tips . Humor for Appraisers.

Appraisal 52

Appraisal Contracts Insurance Real Estate 52

AmeriMac

JANUARY 19, 2021

Selling or buying a house both require an appraisal to find the right cost of the property. Typically, the bank will order an independent appraisal to help ensure you loan your property’s true value. Now, if you’re refinancing your house, you’ll want the appraisal to be as high as possible.

Appraisal 36

Appraisal Real Estate Agent Market Value Real Estate 36

Quicken Loans

JUNE 8, 2021

But if you work with a real estate agent who understands your local foreclosure market, the stress shouldn’t be much higher than during a traditional home buy. Even if the sellers agree to your offer, their bank or lender might reject it if it’s too low. You might not have the chance to order an appraisal on the home.

Real Estate Agent 72

Real Estate Agent Inspection Government Real Estate 72

Realtor

FEBRUARY 13, 2023

The availability of government funding for these loans might also lengthen the process, in some cases up to three months. Step 6: Sign a purchase agreement and get an appraisal Once you find a home you love, you will work with your real estate agent and loan officer to make an offer and sign a purchase agreement with the seller.

Development 156

Development Loan Officers Appraisal Finance 156

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. Question 1: What is a commercial real estate appraisal?

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Zillow

JULY 15, 2019

This lexicon of real estate terms and acronyms will help you speak the language like a pro. Appraisal management company (AMC) : An institution operated independently of a lender that, once notified by a lender, orders a home appraisal. Closing of escrow is the responsibility of the escrow agent.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

Realtor

OCTOBER 21, 2016

But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary. Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition. Roof with missing shingles, holes or in generally poor condition.

Buyers 78

Buyers Inspection Loan Officers Real Estate 78

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 80

Appraisal Real Estate Agent Agents Real Estate 80

Realtor

AUGUST 1, 2018

We found an FHA-approved lender, and in no time, we were on our way to buying our first home with a government-backed loan. A licensed, HUD-approved appraiser will determine the market value of the home and do a “health and safety” inspection to check for crucial problems such as a crumbling foundation or issues with the mechanical systems.

Inspection 136

Inspection Insurance Buyers Renovations 136

Realtor

OCTOBER 21, 2016

But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary. Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition. Roof with missing shingles, holes or in generally poor condition.

Buyers 60

Buyers Inspection Loan Officers Real Estate 60

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 85

Appraisal Real Estate Agent Contracts Real Estate 85

Realtor

AUGUST 1, 2018

We found an FHA-approved lender, and in no time, we were on our way to buying our first home with a government-backed loan. A licensed, HUD-approved appraiser will determine the market value of the home and do a “health and safety” inspection to check for crucial problems such as a crumbling foundation or issues with the mechanical systems.

Inspection 78

Inspection Insurance Buyers Renovations 78

Appraisal Buzz

JUNE 20, 2022

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern. There is a bright spot, however.

Appraisal 417

Appraisal Modernization Property Appraisal Real Property 417

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.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Realtor

MAY 15, 2023

Getty Images If you need a mortgage to buy a home you have your eye on, it’s standard for your lender to order an appraisal of the property. But when your lender says it’s ordering a hybrid appraisal instead of a traditional appraisal , what does that mean exactly ? The appraisal also protects you as a buyer.

Appraisal 107

Appraisal Real Estate Appraisal Process Market Value 107

The Robert Weiler Company

JANUARY 7, 2021

In the event that any law, ordinance, or regulation is passed or enacted by the government, is the tenant or landlord responsible for all costs associated with required alterations of your operation or use of the premises? Governing Law. When it comes to commercial real estate, the little things can add up fast.

Landlords 148

Landlords Tenants Real Estate Law 148

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 78

Appraisal Contracts Real Estate Agent Mortgage 78

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. Pre-qualification & pre-approval This is a critical first step.

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Real Estate Agent Contracts Finance Real Estate 127

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 70

Appraisal Contracts Mortgage Marketing 70

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 83

Appraisal Contracts Insurance Construction 83

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 81

Appraisal Contracts Mortgage Real Estate 81

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 399

Real Estate Real Estate Agent Law Inspection 399

Quicken Loans

JANUARY 11, 2022

In other words, if you’re eligible to receive one of these government-backed loans, you’ll enjoy access to a plethora of helpful benefits such as lower monthly payments and the opportunity to avoid mortgage insurance. As sellers take offers from potential home buyers with preapprovals in-hand more seriously.). The Bottom Line.

Insurance 44

Insurance Finance Design Mortgage 44

Raleigh Realty

MAY 3, 2021

The challenges of buying a home as a recent college graduate are similar to that of buying a home as a government employee. These challenges can be overcome if you find a great real estate agent. Unconventional loans are insured by the federal government. Here's how to choose the right Real Estate Agent.

Real Estate Agent 78

Real Estate Agent Real Estate Insurance Inspection 78

Quicken Loans

APRIL 12, 2021

Government mortgage relief programs. However, a motivated seller doesn’t always mean the home will sell for dirt cheap. When you buy a home at auction, you’re typically purchasing the home “as is” without an inspection or an appraisal. Instead, they use an REO agent to handle the sale of the home.

Inspection 54

Inspection Property Taxes Mortgage Investors 54

Realtor

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. As the home buyer of this piece of real estate, you’re entitled to choose the title company.

Buyers 208

Buyers Inspection Contracts Real Estate Agent 208