Cleveland Appraisal Blog

MAY 26, 2023

They had to pay twice to have their property valued. Because in both instances, they first had their homes valued by real estate agents, not appraisers. But then they had to hire me to perform an appraisal. That’s right! In the other case, my client’s attorney recommended having their marital property appraised.

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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. " All in all, a CMA is performed by a real estate agent for a home seller or a home buyer.

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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.

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Eppraisal

DECEMBER 2, 2022

It's a security blanket of sorts for you to be sure there aren't safety hazards and major defects in the home. 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.

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Cleveland Appraisal Blog

OCTOBER 14, 2021

THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008. On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. He shares some excellent insights on the subject.

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Inventory Market Value Appraisal Contracts 243

Eppraisal

OCTOBER 26, 2021

This year the real estate industry is experiencing a market frenzy with a colossal amount of buyers looking for homes. The inventory of homes available is historically low. According to an article on keepingcurrentmatters.com, "A normal market's inventory sits at 6 months. We're currently at 3.7

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Eppraisal

JUNE 1, 2021

List your home for sale on the market one minute, and the next you're likely fielding offers. Gay Cororaton, the Research Economist for the National Association of Realtors states, "On average, there were four offers per home sold (closed) in February 2021." Home values are rising because of this.

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Housing Wire

NOVEMBER 13, 2023

Course also covers Florida Real Estate Law and Contracts, Valuation, appraisal, financing, federal income tax laws, zoning and planning, environmental issues & more. Use our guide to find the best Florida real estate school for your career goals, learning style, and schedule. This is the equivalent of $32.31

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Eppraisal

MARCH 3, 2023

Do you as a homeowners know the difference between a homeowner's insurance policy and a home warranty? With the increase in home values over the last couple years, you have a bigger investment to protect against hazards and defects. " The average cost of a home warranty is approximately $450-$700.

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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? There are some contracts that allow the seller to choose the title company.

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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.

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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.

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Sellers Loan Officers Inventory Home Value 66

Eppraisal

MAY 6, 2022

As each builder is different when it comes to landscaping their new construction homes, be sure to discuss what is offered as well as your expectations. Your home price and home value should have some type of landscaping built into the equation. Make sure the details are clearly stated on your sales contract.

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Construction Contracts Home Value Buyers 36

Eppraisal

JULY 27, 2022

Home sellers have been reaping the rewards as home values have risen over the past couple years. You can negotiate more than just price when selling your home. However, most real estate attorneys charge a flat fee for their services to represent you from contract date to closing date. You will be glad you did.

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Appraisal Today

FEBRUARY 23, 2024

I wrote an article Why I am an appraiser, in a recent paid monthly newsletter (excerpts below). I read articles online and in the local newspaper, but they didn’t have much information. Take Note of GSE Requirements To read more, Click Here My comment: If you do residential lending appraisals, read this article!

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Appraisal Real Estate Contracts Reconsideration of Value 67

Eppraisal

OCTOBER 2, 2021

Home prices continue to increase and sellers are reaping the rewards of quick sales. According to an article written by Danielle Hale on Realtor.com, "Homes continue to sell faster than a year ago." Your agent should know the real estate contract like the back of her hand. There is more to consider than just price.

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Chicagoland Appraisal Blog

JULY 13, 2017

I came across a Facebook post from an appraiser friend of mine about an article written in the Chicago Tribune titled Homebuyers who pay cash win deals as appraisals derail sale in tight Chicago market. The article touches on a variety of things that I’d like to respond to such as the reference to the shortage of appraisers.

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Eppraisal

JANUARY 13, 2023

You want to ask prospective seller's agents if they will prepare a written comparative market analysis (CMA) to help you determine the price you should list your home for and the price range in which it will sell. Home values are important to sellers. Will You Work with Me from Contract to Close?

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D Fritz Appraisals

FEBRUARY 22, 2023

Taking equity out of your home to buy another house can be a financially advantageous option, as it allows homeowners to tap into the built-up value of their primary residence without worrying about saving up for a second mortgage. Home equity is like having money in the bank, but it’s tied up in your real estate.

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Eppraisal

JANUARY 10, 2023

For example, it has been a super seller's market the past few years as home values have risen. Not only should the agent you hire know the area, but they should also understand the changing home values in the area as well. However, the market is starting to balance out in many areas. What is your commission?

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Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. I have included some of the articles below. Did anyone think in early 2020 that home values all over the country would go off the charts?

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Appraisal Today

JUNE 23, 2023

If this article helped you decide whether to buy the book, it is worth the subscription price! A home valued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure. A home valued too low can deprive homeowners of access to their equity and limit the mobility of sellers.

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Appraisal Today

AUGUST 4, 2023

The censorship is part of a march toward what appraiser and podcaster Phil Crawford has coined “universal basic home value” – a utopian vision among idealogues in which government technocrats dictate the supposed value of a property using algorithms and machine learning. They really help. Take charge of your business.

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Housing Wire

NOVEMBER 30, 2023

Check out the best schools for exam prep courses with helpful study aids in our article 7 best real estate classes in Ohio for 2024. You’ll also want a sponsoring real estate brokerage that offers administrative support, including inputting MLS information, helping with contract follow-up, and handling other office tasks.

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Appraisal Today

JUNE 10, 2022

Articles available: Business slow? If this article helped you understand non-lender appraisals, it is worth the subscription price!! “Americans have seen home values rise at record rates over the past few years. from 0.51 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Housing Wire

OCTOBER 9, 2023

There are certain differences between being a real estate professional in Illinois and other states, which we’ll look at in this article. We provide you with the most up-to-date information and insights into the latest home trends, changes in real estate, and more. Articles Sources & Helpful Links Chicago Real Estate School.

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Appraisal Today

NOVEMBER 4, 2022

Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. Regression results suggested that every foot of elevation can increase home value by 1.6% value to property. from0.88 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Reconsideration of Value Appraisal Inspection Advertising 52

Eppraisal

MARCH 15, 2022

The contract states that they will use their best efforts to find a home that meets your criteria. No Agency or Ministerial Acts On occasion, buyers find homes themselves, such as homes for sale by owner, and don’t want official buyer representation from a real estate agent.

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Buyers Real Estate Agent Tenants Landlords 36

Appraisal Today

APRIL 14, 2023

Lots of good, practical ideas for you in this article in the monthly newsletter! But what we do know is this gives even more power to Fannie, which will largely dictate home values across America once this program is fully implemented. from 0.59 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Appraisal Bracketing Contracts Valuation 52

Appraisal Today

MAY 19, 2023

If this article helped you set up Google Business Profile, it is worth the subscription price! The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.57 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.39

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Appraisal Business Contracts Real Estate 52

Appraisal Today

FEBRUARY 24, 2023

If these articles helped you save money and reduce stress, it is worth the subscription price! When I first started appraising for an assessor, several times I was met at the door by the White owner with a shotgun telling me that I was never getting on his property or in his home. Cancel at any time for any reason! per month, $24.75

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Appraisal Architecture Valuation Business 52

PennyMac

SEPTEMBER 6, 2023

Selling a House As Is Selling a house as-is means the homeowner will not make repairs or renovations before selling it to a buyer, even if the home has structural concerns or is in poor condition. If you’re considering selling a home as is, you can expect a couple of nice perks, yet there could be a few limitations you’ll want to be aware of.

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Renovations Inspection Sellers Buyers 36

Appraisal Today

MARCH 3, 2023

== Black-Owned Homes Appreciated Fastest In The Pandemic – Zillow research Black Americans’ housing wealth has made strides, but remains well below that of the typical U.S. household Excerpts: The ratio between Black home values and home values overall is closing. Black home values appreciated 42.5%

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Tools Appraisal Home Value Business 52

Housing Wire

DECEMBER 5, 2022

It created a massive demand for home purchases as consumers competed to win a sales contract and get a home with a low single digit interest rate. It means a massive contraction in demand for mortgages, tighter margins, corporate layoffs and “right-sizing,” and concerns about what the future may hold.

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Housing Wire

OCTOBER 22, 2023

In this article, we’ll take you through the Texas real estate licensing process step-by-step, sharing the costs, time commitment and all the details you’ll need to launch your new career. Articles sources & helpful links The National Association of Realtors. Texas Home Values” [link] link] FastExpert.com.

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Hood Homes Blog

APRIL 29, 2018

I created a page here with the top tools and articles I’ve written for anyone considering selling a home in the Fort Hood area. Home Value. Getting an opinion on a good price for your home is perhaps the one thing every seller wants most. Seller Tool Kit. Price Estimate. Conclusion.

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Raleigh Realty

MARCH 26, 2022

This article will inform you of the reasons why it is beneficial to hire a buyer’s agent when buying a house. There are a lot of great reasons for getting a buyer’s agent to help you find a home, especially in a unique market like the one we are in. Experiences With Contracts Paperwork pushing is a big part of this process.

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Real Estate Buyers Agents Contracts 148