Cleveland Appraisal Blog

APRIL 29, 2021

So, I am grateful for guest bloggers who provide me with some great articles to share with you. That does not cost a lot and it instantly “lifts” the appearance of your home. It also makes it more likely that appraisers and buyers overlook or do not notice previous damage. What Buyers Look For. Value increase: 3%-5%.

Appraisal 249

Appraisal Investing Buyers Renovations 249

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. We can also expect low housing demand, which favors buyers. Until then, home values will slowly decline, most assuredly in high-cost areas and in areas of the country that benefited the most from rampant appreciation during the pandemic.

Housing Market 429

Housing Market Marketing Inventory Sellers 429

Housing Wire

MAY 9, 2022

To persuade people of this, probably one of the most important articles I have ever written in my life was in 2019, titled: Housing Bubble 2019? housing market is more tied to mortgage buyers. Unlike those two cities in Canada, we aren’t as reliant on foreign buyers to such a great extent. wasn’t in a second housing bubble.

Buyers 530

Buyers Housing Market Mortgage Marketing 530

Housing Wire

JANUARY 7, 2022

“I sold a home to a hedge fund guy in New York. The agent said rich “mainland” residents replaced international buyers, who are restricted in their travel amid the pandemic. One issue that comes from this, Curbow said, is that buyers are afraid to pursue their dream home. But overall demand is on the rise.

Housing Market 360

Housing Market Marketing Real Estate Agent Agents 360

Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. Various mortgage finance innovations facilitated larger loans at the same monthly payment to keep up with growing home values – which is one reason why house prices kept going up. But today’s housing market differs from 2008 in several important ways.

Housing Market 364

Housing Market Finance Marketing Mortgage 364

Eppraisal

MARCH 15, 2022

When interviewing for a real estate agent to help you purchase a home, be sure to ask them what type of buyer representation they are going to provide to you. There are multiple types of buyer representation with differences in what they entail. Many states allow this type of dual buyer representation.

Buyers 36

Buyers Real Estate Agent Tenants Landlords 36

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” In this article, I will explain the history of AI, the projected financial impact on real estate and the cutting-edge tools available today for savvy agents. will identify which buyers require immediate contact from the listing agent.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

Eppraisal

JANUARY 10, 2023

Buying a home is one of the most important financial and emotional transactions you will ever make. It is imperative to find a buyer's agent who will work hard for you, understanding both your desires and financial realities in securing the ideal home. Be sure your buyer's agent knows how to work in a balancing market.

Agents 36

Agents Buyers Real Estate Agent Brokerage 36

Eppraisal

JANUARY 28, 2022

Home sales are expected to increase another 6.6% and home prices to rise another 2.9% The Housing Market Bubble Will Not Burst According to an article, Will the U.S. and data from Freddie Mac, low interest rates and limited availability of homes in desired areas led to an overall increase of home prices of 11.3%

Marketing 68

Marketing Home Value Real Estate Housing Market 68

Housing Wire

OCTOBER 9, 2023

Users can compare current mortgage rates , and use a mortgage payment calculator, a home-value estimator and online loan applications. Users can also find local loan officers when they are ready to buy a home or inquire about another financial product that Guaranteed Rate offers.

Loan Officers 421

Loan Officers Mortgage Technology Realtors 421

Eppraisal

NOVEMBER 15, 2022

Professional-quality still photos are one of the most important marketing tools used in listing homes for sale. According to an article published on April 14, 2021, on Statista.com, "In the 2018 survey, 93 percent of home buyers used online websites when searching for a home in the United States."

Real Estate Agent 69

Real Estate Agent Real Estate Agents Buyers 69

Eppraisal

FEBRUARY 14, 2023

There are many terms used in real estate transactions that home buyers and sellers may not completely understand. Buyers and sellers will often use the terms title and deed interchangeably. If you are buying a home in the near future, here's a crash course to help. Buyers "take title" to a home.

Legal 69

Legal Insurance Sellers Real Estate 69

Housing Wire

JUNE 10, 2022

Buyer morale is at an all-time low for good reason. Affordability from a home price/down payment perspective is the worst it’s ever been, meaning extreme barriers to entry,” according to a Bank of America Global Research note published in March. This article was first featured in the June HousingWire Magazine issue.

Real Estate 370

Real Estate Buyers Mortgage Insurance 370

Cleveland Appraisal Blog

AUGUST 6, 2021

Do you know of anyone who purchased a home within the past year? Below is a chart from the National Association of REALTORS article on home buyer regret. It reflects the results of a survey made by bankrate.com , which reflects the percentage of those who regret their home purchase, and the reasons why.

Buyers 243

Buyers Property Taxes Inspection Market Value 243

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. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 75

Appraisal Real Estate Real Estate Agent Contracts 75

Eppraisal

AUGUST 19, 2022

Home buyers almost always have a professional home inspection performed by a licensed inspection company when they purchase a home. However, it is not a bad idea for sellers to have a home inspection, or pre-listing home inspection, performed as well.

Inspection 68

Inspection Sellers Buyers Advertising 68

McKissock

MARCH 11, 2022

” This Redfin News article provides an overview of “how drastically the housing market has changed since then.” ” Here are the highlights: Buyers have half as many homes to choose from. Homes are 34% more expensive. Twice as many homes are selling above list price.

Housing Market 79

Housing Market Appraisal Marketing Home Value 79

Cleveland Appraisal Blog

JUNE 25, 2021

Homes suffer from physical deterioration at different rates depending on how well the home is maintained and improved. . Functional depreciation results when buyers pay less for a home, in comparison to other similar homes, because some aspect of it is less functional than other generally similar homes.

Market Value 244

Market Value Appraisal Marketing Buyers 244

Raleigh Realty

AUGUST 13, 2022

This home is less than a mile from Downtown Raleigh, NC, and with the growth of the city, there are plenty of buyers raising their hands to buy in this location. They are great cities to live in Everyone seemingly wants to live downtown, especially millennials and millennials make up more than 60 of all buyers.

Real Estate 148

Real Estate Transportation Training Investing 148

Eppraisal

MAY 18, 2021

It's no secret the real estate market is super hot right now and the demand for homes is high. There are more buyers than homes available for sale. In fact, according to an article on Realtor.com, the national inventory of active listings declined by 53% over last year.

Real Estate Agent 69

Real Estate Agent Sellers Buyers Home Value 69

Eppraisal

MAY 10, 2022

An informative article on realtor.com, The Real Estate Commission: How Much Are Realtor Fees? This is especially true if you have a high-priced home. Home values have been rising and many real estate agents are benefiting from this. Since there are fewer listings, there are fewer buyer sales as well.

Agents 36

Agents Real Estate Agent Brokerage Real Estate 36

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Another issue that led to the housing crash of 2008, was unqualified buyers who were able to secure mortgages on homes they couldn’t really afford. Or buyers are walking away from the deal. No one knows what the future holds.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Eppraisal

FEBRUARY 17, 2023

There are two ways in which home values can be estimated by real estate professionals. The average consumer may not know the difference between the two, however, home buyers and sellers need to know. An appraisal is ordered by the buyer's bank or mortgage company after a buyer has a contract on a home.

Appraisal 36

Appraisal Real Estate Agent Marketing Real Estate 36

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. Appraisals are for the benefit of the buyer too.

Appraisal 158

Appraisal Appraisal Process Buyers Legal 158

Eppraisal

MARCH 31, 2023

With today's home values being high and mortgage rates on the rise, many home buyers are finding it more difficult to purchase a home. It is important for home buyers to prioritize their "wants" in a home. Buyers may want a three-car garage for extra storage space as well.

Real Estate Agent 36

Real Estate Agent Buyers Home Value Real Estate 36

Eppraisal

OCTOBER 28, 2022

2023 Colors of the Year There is a very informative article on bhg.com, written by Caitlin Sole, Every 2023 Color of the Year We Know So Far. " How 2023 Colors are Different From 2022 Colors of the Year According to the article on bhg.com, "the hues of 2022 centered around back-to-nature shades of green."

Decorating 69

Decorating Home Value Design Modernization 69

Clear Capital

DECEMBER 14, 2022

The average home value has jumped 43% since late 2019, and sellers have raked in eye-popping profits because of it. With mortgage rates more than double their year-ago level, buyers are pulling back. Home sales have slowed 6% compared to last year, and prices have already started to fall (at least monthly).

Home Value 36

Home Value Real Estate Sellers Technology 36

Eppraisal

JUNE 21, 2022

Thinking of selling your home and making some improvements before you list it? Consider a look at your home's exterior. How you present the exterior of your home will give potential buyers their first impression. One of the first things a potential buyer looks at when they arrive at your home is the roof.

Buyers 69

Buyers Home Value Design Investing 69

Cleveland Appraisal Blog

FEBRUARY 4, 2021

In the article, “How accurate is Punxsutawney Phil?”, According to an article in ctpost.com , “Most of the year, male and female groundhogs are solitary and antagonistic against each other. While these sites offer some great information, when it comes to the accuracy of home values, they are all over the place.

Advertising 198

Advertising Valuation Appraisal Renovations 198

Eppraisal

DECEMBER 2, 2022

Contracts to purchase homes have clauses in them that allow buyers to have a professional inspection performed, typically within the first five to ten days of signing the contract. There are quite a few professional home inspection companies in most markets.

Inspection 69

Inspection Technology Tools Home Value 69

Eppraisal

JULY 8, 2022

With home values rising and buyers paying high prices for homes, title companies' roles are more important than ever. Buyers paying these high prices for homes deserve protection. In the article, What Does a Title Company Do? Title companies play a significant role in real estate transactions.

Insurance 36

Insurance Real Estate Home Value Buyers 36

Eppraisal

AUGUST 5, 2022

One of the most important tasks you can do to prepare your home for sale is give it a deep cleaning, inside and out.  This Even though homes are still selling quickly, and home values are still rising, you want to present a clean down to the core home, to prospective buyers. Trim your bushes and trees.

Home Value 36

Home Value Buyers Sellers Investing 36

Eppraisal

SEPTEMBER 7, 2022

For the past couple years, homes have been selling fast and home values have been increasing at record-breaking rates. The inventory of listed homes on the market has been historically low. In many markets home sellers no longer have the leverage they did a few months ago.

Real Estate 69

Real Estate Agents Real Estate Agent Marketing 69

Eppraisal

APRIL 20, 2021

Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020. With limited inventory, home values are on the rise.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Eppraisal

JUNE 8, 2021

Record sales, high prices, and lots of competition are only a few of the many challenges' buyers are facing in today's market. The report also indicates that homes are selling at historical speed, with the time on the market for a typical listing dropping down to a low of 43%. Prices Too High Home values are rising.

Marketing 69

Marketing Sellers Buyers Home Value 69

Eppraisal

MARCH 18, 2022

It is no secret that many home buyers are having a hard time finding a home to purchase. The inventory of homes available for sale was on the low side even before the Covid 19 pandemic. According to data from Realtor.com, "The inventory of homes for sale dropped 53% between April 2020 and April 2021."

Real Estate Agent 68

Real Estate Agent Real Estate Agents Sellers 68

Eppraisal

JULY 12, 2022

One important aspect of the home-buying process is earnest money. Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. As home values have been rising, so have earnest money amounts.

Contracts 36

Contracts Real Estate Agent Sellers Real Estate 36