Realtor

MAY 17, 2023

As a seller, here’s what you need to know about the settlement process. Another important step prior to closing on a house is the appraisal. If the appraisal comes in higher than the sales price, then the buyers can relax in the satisfaction they’ve purchased a home for less than its market value.

Sellers 142

Sellers Inspection Contracts Property Taxes 142

Appraisal Hub

NOVEMBER 30, 2023

Whether you’re considering selling your home, refinancing your mortgage, or simply looking to understand your property’s market value, a professional residential appraisal is the key. Accurate Market Value Assessment: The primary benefit of a residential appraisal is the accurate assessment of your property’s market value.

Appraisal 78

Appraisal Property Taxes Valuation Market Value 78

Genworth MI Blog

FEBRUARY 29, 2024

The mortgage process involves diligence and timeliness to ensure that borrowers can meet their closing date – that diligence is also required to master the appraisal review process. Ensuring you know the ins and outs of the appraisal review is imperative to help your borrowers meet that end goal on time.

Appraisal 88

Appraisal Inspection Training Real Estate 88

Housing Wire

JULY 21, 2023

Under the FHA Modernization Act of 2008 , sellers, lenders and others with a financial interest in a real estate transaction are prohibited from providing DPA to FHA borrowers. If this change were made, the FHA program would join the other government-insured programs offered by the U.S. Bush administration in 2004. “If

Modernization 334

Modernization Insurance Sellers Real Estate 334

Eppraisal

FEBRUARY 14, 2024

Let's delve into the intricacies of closing costs, what they entail, and how they impact both buyers and sellers. These costs typically include a variety of fees, such as loan origination fees, appraisal fees, title insurance, escrow fees, and taxes. What are Closing Costs?

Sellers 36

Sellers Buyers Property Taxes Real Estate Agent 36

Housing Wire

FEBRUARY 19, 2021

From low appraisals to surprise credit checks, a number of hurdles could slow your purchase or even derail it altogether. Home insurance hiccups. Your lender is going to require an adequate home insurance policy before they’ll close on your loan. There also may be cases when a home isn’t insurable. Low appraisals.

Insurance 533

Insurance Loan Officers Housing Market Appraisal 533

Raleigh Realty

FEBRUARY 19, 2022

Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? Now it's time for the home appraisal. But before you do there's one last factor to consider: the home appraisal. Here's what you need to know about home appraisals so that you come prepared.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points.

Agents 452

Agents Sellers Buyers Finance 452

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

Miller Samuel

NOVEMBER 30, 2018

My friend and appraisal colleague Ryan Lundquist and I authored a petition on change.org to point out the growing wreckless behavior that is enveloping the mortgage process. There’s a proposal from the FDIC, Federal Reserve, and Treasury Department not to require appraisals for some mortgages under $400,000.

Appraisal 300

Appraisal Inspection Real Estate Agent Agents 300

Realtor

NOVEMBER 7, 2023

If demand in your area is high, a seller could expect a larger deposit. If the market is cold, a seller could be happy with less than 1%. Other governing factors like state limitations and rules can cap how much earnest money a seller can ask for. An appraisal will cost $300 to $400, depending on location and property size.

Inspection 196

Inspection Insurance Sellers Buyers 196

East Coast Appraisal

SEPTEMBER 26, 2023

The appraisal process is critical to real estate transactions. Below are tips to help you get the right appraiser. Qualification and Licensing Ensure the real estate appraiser is qualified and licensed. Specialization Residential and commercial property appraisals differ.

Real Estate 52

Real Estate Appraisal Property Appraisal Insurance 52

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

Housing Wire

NOVEMBER 8, 2021

Next, he has his buyers write a letter to the seller, a practice that has come under scrutiny lately for creating potential biases. I’d say there is a 50/50 chance of a letter having an impact on sellers, but when things are tough, it’s worth a shot,” Pascoe said. Pascoe said.

Clients 391

Clients Agents Buyers Sellers 391

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

Appraisal Buzz

AUGUST 16, 2021

Like many busy appraisers, I can spend a lot of time in my own little world just trying to keep my head above water. Lately, though, I’ve been trying to carve out some extra time to find out about what other appraisers are saying and doing in this unusual market. But what offer will the seller accept $400,000.

Market Value 448

Market Value Buyers Appraisal Sellers 448

Appraisal Buzz

OCTOBER 4, 2021

First American Title Insurance Company has expanded remote online notarization (RON) availability for residential real estate transactions via the company’s direct and agency division operations. The post First American Title Expands Remote Online Notarization Availability appeared first on Appraisal Buzz.

Law 195

Law Insurance Government Real Estate 195

Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. Whether you are buying, selling, or refinancing, an appraisal helps you make well-informed decisions in the process.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

Quicken Loans

NOVEMBER 9, 2021

Current VA loan seller policies around concessions could also make the program even more attractive to eligible active duty service members, veterans and their surviving spouses. Before we go any further, let’s stop the record for a second and go over what a seller concession is. Seller Concessions Basics. The 4% Rule.

Sellers 53

Sellers Property Taxes Insurance Buyers 53

Housing Wire

OCTOBER 2, 2022

Ishbia also announced Safe Check, which will allow borrowers to get an appraisal waiver pre-check before submitting their loan. In April, Fannie Mae announced that it would be accepting written opinion letters from an attorney in lieu of a title insurance policy “in limited circumstances.”.

Insurance 303

Insurance Legal Buyers Real Estate 303

Housing Wire

DECEMBER 22, 2020

They’ll send out an appraiser, who will analyze the property and local market to assess its worth. If the appraisal comes in lower than that amount, you’ll need to renegotiate or make up the difference in cash. It shows the seller you’re serious about their property, and usually amounts to about 2% of the home price.

Mortgage 417

Mortgage Property Taxes Loan Officers Sellers 417

Listing Spark

DECEMBER 9, 2020

One of the most common questions we get from our home sellers at ListingSpark is “How do I determine what my closing costs are”? For this article, we are going to focus on the home seller closing costs we would typically see in Texas with a residential sale (commercial sales typically have a different set of fees).

Sellers 69

Sellers HOA Insurance Contracts 69

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 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

Housing Wire

APRIL 16, 2024

with real estate night sweats and want to alleviate your stress by banging out a text does not mean the other agent, your buyer prospect, your seller client, or the appraiser wants to share your insomnia. Just because you have E & O insurance doesn’t mean you should have to use it! This also applies to time zones.

Real Estate Agent 379

Real Estate Agent Real Estate Agents Business 379

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today.

Appraisal 86

Appraisal Training Inspection Real Estate 86

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

Cleveland Appraisal Blog

JULY 28, 2022

Visit the Cleveland Appraisal Blog for expert advice and assistance. Most of the major insurers even help cover the costs. Jamie Owen of the Cleveland Appraisal Blog is a certified residential real estate appraiser, here to help with your appraisal questions and needs. Pay a visit to your new hometown.

Appraisal 342

Appraisal Real Estate Business Transportation 342

Appraisal Today

JUNE 2, 2023

Concessions, Kickbacks, and the Appraiser’s Nightmare by Richard Hagar, SRA Excerpts: What Appraisers Must Do There are many steps appraisers must follow, more than I can list here. Learn how to provide an accurate value conclusion that protects the appraiser from the potential ramifications of their bad acts.

Appraisal 52

Appraisal Contracts Real Estate Agent Sellers 52

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?

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

Cleveland Appraisal Blog

AUGUST 25, 2022

Today, Cleveland Appraisal Blog shares a few tips for first-time investors. Cleveland Appraisal Blog offers a wealth of free information on every aspect of the appraisal process. A big thank you to Jessica for writing this article for the Cleveland Appraisal Blog and a big thank you to you for being here to read it!

Investing 332

Investing Renovations Landlords Real Estate 332

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

Town & Country Residential Appraisals

JULY 5, 2022

The role of the appraiser is to be an unbiased objective party within the many facets of the lending process whether it be for a purchase, home equity loan or refinance. The buyer and seller might have opposing Interests but they equally desire for the sale to close.

Appraisal 58

Appraisal Sellers Agents Real Estate 58

McKissock

MAY 15, 2023

Thinking about starting an appraisal business? If you’re already a fully licensed and accredited real estate appraiser, chances are you have already been working with a more experienced appraiser. Depending on circumstances, the costs of starting an appraisal business can range from fairly high to very low.

Business 71

Business Appraisal Advertising Real Estate 71

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.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Eppraisal

DECEMBER 9, 2021

It is December and it's still a hot real estate market for sellers. Often times, sellers were only accepting buyers who were qualifying for a conventional mortgage and had a down payment of 20% or more. Sellers should be happy with VA loan buyers. The loan process will then move swiftly towards appraisal and underwriting.

Sellers 36

Sellers Buyers Home Value Insurance 36

Housing Wire

APRIL 1, 2024

In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. There’s a lot more capital in the picture — in particular, insurance capital — which needs the rating for them to buy the bond,” Matthews said. “So, So, the rating just opens up this massive world.

Finance 404

Finance Investing Real Estate Agent Real Estate 404