The Appraiser Coach

SEPTEMBER 14, 2021

Appraisers have been accused of being “speed bumps” in the lending process. We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. In some ways, I can understand their. Read More.

Agents 370

Agents Appraisal Real Estate Agent Loan Officers 370

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” Thank you to the large number of appraisers who shared their input! ” “It’s a lot more than just pulling comps!”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Housing Wire

OCTOBER 1, 2022

If discrimination is committed by appraisers – as the news headlines would suggest – fellow appraisers and real estate agents say they rarely witness or experience it. Another issue with appraiser competency could be appraisers’ apparent lack of familiarity with valuation tools.

Appraisal 395

Appraisal Real Estate Agent Valuation Training 395

Birmingham Appraisal

JUNE 21, 2023

Helping Agents Understand Appraisal Factors That Impact Home Sales In the world of real estate, accurate property valuation plays an important role in the home buying and selling process. Factors Considered by Appraisers When determining the value of a property, appraisers consider several crucial factors.

Real Estate Agent 75

Real Estate Agent Real Estate Agents Appraisal 75

Birmingham Appraisal

DECEMBER 19, 2023

Tips To Make An Agent’s Life Easier The job of a real estate agent is extensive. There was a popular post that many agents were sharing on Facebook recently that listed all of the hats that an agent must wear. This will help the appraiser understand your rationale for pricing the home where you did.

Real Estate Agent 69

Real Estate Agent Real Estate Agents Appraisal 69

Housing Wire

FEBRUARY 9, 2021

When you go to buy a home , your mortgage lender will almost always order a home appraisal. Scenario 1: Your home appraises at your full offer price. Many times, the home appraisal goes off without a hitch. You make an offer on your dream home, and the appraiser verifies the property is worth what you offered (or more).

Appraisal 454

Appraisal Real Estate Agent Sellers Real Estate 454

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. You should be finding buyers before real estate agents anyway.”

Buyers 501

Buyers Agents Mortgage Real Estate Agent 501

Housing Wire

APRIL 6, 2021

Linda (who asked that her real name not be used) beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies. Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. With others waiting in line behind her, the seller wouldn’t budge on price.

Appraisal 539

Appraisal Reconsideration of Value Real Estate Agent Sellers 539

Birmingham Appraisal

JULY 12, 2023

How Agents Can Use The Law of Diminishing Return When Pricing a Listing As a real estate appraiser with over 30 years of experience, I have witnessed firsthand the critical role that accurate pricing plays in the success of real estate transactions.

Real Estate Agent 84

Real Estate Agent Law Real Estate Bracketing 84

Realtor

SEPTEMBER 13, 2023

-Oxford-/iStock The home-buying process is a high-stakes thrill ride full of exhilarating ups and scary downs, but unquestionably one of the most deflating moments is when the appraisal comes in significantly lower than the accepted offer. This is, to use technical real estate lingo, “a bummer.”

Appraisal 193

Appraisal Sellers Real Estate Agent Valuation 193

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Made to order.

Appraisal 407

Appraisal Inspection Real Estate Agent Training 407

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. This will help establish rapport and trust with the appraiser.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Reconsideration of Value 78

Appraisal Buzz

SEPTEMBER 14, 2021

Appraisers have been accused of being “speed bumps” in the lending process. We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. The post Agents, Don’t Skip the Appraisal appeared first on Appraisal Buzz. In some ways, I can understand their … Read More.

Agents 195

Agents Appraisal Real Estate Agent Loan Officers 195

Housing Wire

JUNE 10, 2021

While a real estate agent’s commission is one of the most expensive costs, it definitely isn’t the only one. From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process. Real Estate Commission. Seller Concessions. Staging Costs.

Sellers 546

Sellers Real Estate Agent Real Estate Decorating 546

DW Slater Company

FEBRUARY 13, 2024

Love in Real Estate I’m I wrote this blog – 4 Things I Love About Being a Real Estate Appraiser- 10 years ago! This May will complete my 18th year as a real estate appraiser as I switched from being an elementary school teacher to the field of appraising. Isn’t appraising boring?

Real Estate 146

Real Estate Appraisal Valuation Real Estate Agent 146

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 77

Appraisal Real Estate Real Estate Agent Contracts 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

Appraisal Buzz

APRIL 1, 2024

Homebuyers are doing whatever they can to pull together a large down payment in order to lower their monthly payments moving forward,” says Rachel Riva, a Redfin real estate agent in Miami. Percent Year-Over-Year in February appeared first on Appraisal Buzz. The smallest down payment I’ve seen recently is 25 percent.

Real Estate Agent 195

Real Estate Agent Investors Buyers Real Estate 195

Appraiserblogs

NOVEMBER 3, 2023

We will call it an “AGENT MANAGEMENT COMPANY”. We will create a buffer per say between the buyers agent and the sellers agent thereby protecting the buyer and seller. We will have a roster of approved agents nationwide. I am thinking about creating a new AMC. They will be thoroughly vetted.

Agents 111

Agents Real Estate Agent Tenants Real Estate 111

Housing Wire

MAY 20, 2022

A professional appraiser or real estate agent can help you figure out how much to list your home for. Roofstock Marketplace , for example, offers services to help sellers who need to sell their homes fast, including key market insights to help with pricing. Hire a Real Estate Agent.

Real Estate Agent 406

Real Estate Agent Tenants Real Estate Agents 406

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 86

Agents Appraisal Real Estate Agent Bracketing 86

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.

Housing Market 533

Housing Market Buyers Marketing Real Estate Agent 533

Realtor

AUGUST 7, 2019

William_Potter/iStock Even if you’re new to this whole selling-a-house thing, chances are good you’ve heard of a home appraisal. And if you know just a little about the process, you know that the appraisal—a value put on your home by an objective third-party expert—can make or break your home sale.

Sellers 111

Sellers Appraisal Market Value Real Estate Agent 111

Cleveland Appraisal Blog

FEBRUARY 7, 2023

It’s common practice for floor plans that aren’t used in appraisals to be drawn to scale using only internal dimensions, but by using outside measurements, we can account for more space. Based on the assessor’s square footage of 1,500 square feet, the listing agent promotes the property for $125 per square foot.

Real Estate Agent 289

Real Estate Agent Property Taxes Real Estate Appraisal 289

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 82

Agents Appraisal Valuation Appraisal Process 82

Housing Wire

MARCH 16, 2022

Latinos are twice as likely to use Federal Housing Administration financing than non-Hispanic white borrowers, but most of the real estate agents the National Association of Hispanic Real Estate Professionals surveyed felt FHA borrowers were at a competitive disadvantage.

Real Estate Agent 383

Real Estate Agent Real Estate Agents Sellers 383

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. Mortgage lenders and real estate agents will need to incorporate HEI offerings into their businesses, said John Arens, head of the business unit at Aspire, an HEI platform owned by Redwood Trust. “We

Finance 436

Finance Investing Real Estate Agent Real Estate 436

Housing Wire

SEPTEMBER 30, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. This is sick, and I want it to end,” said Sharon Aubuchon, a RE/MAX Premier Realty agent in Prairie Village, Kansas a suburb of Kansas City. Kansas City, Missouri.

Housing Market 370

Housing Market Marketing Real Estate Agent Loan Officers 370

Eppraisal

FEBRUARY 14, 2024

Let's delve into the intricacies of closing costs, what they entail, and how they impact both buyers and sellers. Closing costs are fees and expenses associated with finalizing a real estate transaction. What are Closing Costs?

Sellers 36

Sellers Buyers Property Taxes Real Estate Agent 36

Empire Appraisal Group

NOVEMBER 4, 2021

Many Overly-Confident Sellers Price Their Home Too High. Now they’re becoming sellers and think they can overprice their property, but the market is seeing more price reductions – 9.4% Now they’re becoming sellers and think they can overprice their property, but the market is seeing more price reductions – 9.4% By Amber Randall.

Sellers 78

Sellers Real Estate Agent Real Estate Realty 78

Kairos Appraisal Services

MAY 15, 2023

You may wonder how your real estate agent arrived at a sales price and what factors influence your home’s appraised value. While… The post 6 Factors That Impact a Home’s Appraised Value appeared first on Kairos. Are you ready to put your house on the market and sell your home?

Appraisal 97

Appraisal Real Estate Agent Real Estate Agents 97

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

Appraisal Buzz

JULY 7, 2021

We recently summarized a report from the Urban Institute (UI) about the apparent reluctance of sellers to entertain offers from prospective buyers intending to use FHA or VA financing.

Real Estate Agent 195

Real Estate Agent Realtors Real Estate Sellers 195

DataMaster

MAY 17, 2023

Recently Jared Preisler’s (DataMaster’s Chief Appraiser) son, Taylor, graduated from med school and was on the hunt for his first home. Taylor’s methodology and consequential selections surprised Jared, who is nearing his 27th year as an appraiser. “As an appraiser, I never really thought about that.

Appraisal 147

Appraisal Technology Real Estate Agent Tools 147

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

Realtor

APRIL 7, 2021

But if you make an offer that’s accepted and you’ve moved onto the home appraisal step in the process, you might be shocked to find out that the appraiser ‘s square footage is different from what’s on the listing. Why your square footage on an appraisal differs from the listing. What gives?

Appraisal 131

Appraisal Real Estate Agent Real Estate Agents 131