Raleigh Realty

AUGUST 13, 2022

Location in Real Estate Location, location, location. The three most important factors when buying a home are location, location, and location. What is it about the location that makes it so vital to real estate investing? The one thing you can't change is the home's location.

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Real Estate Transportation Training Investing 148

Appraisal Today

FEBRUARY 23, 2024

GO BACK FURTHER IN TIME: One of the things I’m doing more often today is looking at older comps in the immediate neighborhood. GO BACK FURTHER IN TIME: One of the things I’m doing more often today is looking at older comps in the immediate neighborhood. I have been doing this for many years.

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Appraisal Real Estate Contracts Reconsideration of Value 67

Housing Wire

OCTOBER 22, 2023

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. We estimate that it’ll take three to six months to get up and running as a licensed real estate agent in the Lone Star State.

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Real Estate Real Estate Agent Agents Brokerage 390

Raleigh Realty

MARCH 23, 2021

Do you really save money though when you sell by owner? Let's find out: We have over three hundred thousand people visiting our website each month looking at homes for sale in Raleigh and almost all of them want to work with a top local Realtor®. So he made more money when he sold with a Realtor and paid a 6 commission fee.

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Real Estate Agent Real Estate Realtors Contracts 133

Appraisal Today

SEPTEMBER 22, 2023

Survey respondents Sales agents accounted for the largest proportion, with 45% of participants holding this license. Broker-Associates and Appraisal Licensees accounted for 13% and two percent, respectively, while the remaining two percent reported holding other types of real estate licenses. Only appraisers do the appraisals.

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Appraisal Training Inspection Real Estate 85

Appraisal Today

JULY 21, 2023

July 18, 2023 By Ryan Lundquist Excerpts: Some areas have more pools than others Real estate is about location. This likely has to do with the cost of building a pool, cost of maintaining a pool, and even larger parcels at higher ranges – not to mention buyers at higher price points expecting a pool more often. And, it’s true.

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Appraisal Real Estate Contracts Business 88

Appraisal Today

OCTOBER 27, 2023

However what I found was a massive wasp nest that was approx 4′-5′ tall in one of the bedrooms. I worked for an assessor’s office for 5 years in my first appraisal job. Strange Encounters in Property Appraisal By: McKissock Excerpts: Property appraisal is not typically thought of as a “dangerous” profession per se.

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Property Appraisal Appraisal Business Contracts 71

Appraisal Today

JULY 7, 2023

District Court of Maryland, Connolly and Mott allege that Lanham discriminated against them and violated professional appraisal standards because of his allegedly “racist beliefs” (among other things). To read more, click here My comments: Long article and worth reading. Tate-Austin v. Janette Miller, filed in California in Dec.

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Appraisal Real Estate Contracts Mortgage 75

Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? I will always remember when, many years ago, a top local real estate agent asked me why I was driving around taking photos of homes.

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Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

JUNE 9, 2023

Here are some basic things to consider regarding quality adjustment research and methodology. If you’re using county data, and you’re looking at quality ratings in there, how reliably do they rate properties? I’m just fascinated with how I see pickleball fitting into real estate. Should you even be using that data?

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Appraisal Advertising Real Estate Contracts 52

Appraisal Today

APRIL 14, 2023

Most of my appraisals are for estates, and fixers are relatively common. Excerpt: The most coveted pieces of real estate are often found directly on the water. Appraising Fixer Uppers Excerpts: We’re all familiar with the term “fixer-upper.” At some point it’s no longer “normal market value minus cost to cure equals as-is value.”

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Appraisal Bracketing Contracts Valuation 52

Houston Properties

JULY 19, 2022

Guide To Piney Point Village Luxury Real Estate. The article includes pictures, prices, and floorplans of Piney Point luxury real estate. Piney Point luxury real estate features glamour and affluence, with scenic grounds, long tree-lined driveways, and picturesque homes. Piney Point Homes For Sale.

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Real Estate Real Estate Agent Realtors Agents 36

CA Realty Training

JUNE 16, 2021

A real estate license doesn’t mean you can only be a real estate agent. So, let’s explore what you need to do to become a property manager in California. Do You Need a Real Estate License to Become a Property Manager in California? Step #2: Enroll in an Accredited Real Estate School.

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Property Management Tenants Real Estate Brokerage 38

Houston Properties

JANUARY 13, 2021

SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. Remember: real estate is hyper-local! KEY RESOURCES: Study Of How Previous Pandemics Affected The Real Estate Market. Do You Want To Buy A Home Now? Worried about missing out on a boom? Need To Sell?

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Housing Market Marketing Real Estate Realtors 68

Appraisal Today

SEPTEMBER 23, 2022

Sellers Chasing the ball down the road in real estate. At the least, properties are clearly selling for less than they did several months ago. Okay, one last thing about size: During the beginning of the pandemic there was a blatant spike in home size due to a greater focus on larger homes at higher prices.

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Appraisal Marketing Business Contracts 52

Appraisal Today

JUNE 10, 2022

Easy — we do what we have always done, each time. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. How can we fix the excess of appraisers? Too many appraisers? By George Dell, SRA, MAI. This is the past.

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Appraisal Contracts Business Mortgage 52

Appraisal Today

JANUARY 20, 2023

Chance to really irritate annoying real estate salespeople. Chance to really irritate annoying real estate salespeople. See that some people really do hang those black velveteen pictures of Elvis on their living room walls. Dazzle your friends with your knowledge of external obsolescence. a year earlier (-4.8

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Appraisal Contracts Sellers Business 52

Appraisal Today

NOVEMBER 10, 2022

Here are 5: Reliance in any appraisal analysis on inappropriate comparable sales, or the failure to use comparable sales that are more similar to or nearer to the subject property without adequate explanation. 5 of the Most Ridiculously Extravagant Homes You Could Have Bought With the $1.9B Powerball Jackpot. . ==. Powerball Jackpot.

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Appraisal Real Estate Agent Real Estate Contracts 52

Appraisal Today

MARCH 31, 2023

Two options for the future, both of which do great harm to the appraisal industry. Those options include value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals. Hamp Thomas 12 minute video – my favorite commentary on this issue! First, “third party” inspections. Call to Action.

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Appraisal Contracts Inspection Clients 52

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. This shows 5 ZIP Codes in a region. It was in the County.

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Appraisal Contracts Insurance Real Estate 52

Appraisal Today

SEPTEMBER 30, 2022

Read this article on how to check CO detectors. A recent case in which a young couple died from carbon monoxide poisoning while they slept highlights the life and death importance of these simple alarms—and brings this issue front and center for the real estate appraiser community as a whole. You may save someone’s life!!

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Appraisal Inspection Easement Contracts 52

Appraisal Today

AUGUST 26, 2022

My comment: I included this article plus the one below, which both address the Cost Approach’s common appraisal questions. I never liked to use only the Cost Approach when I started doing fee appraisals. Fannie Mae and the Cost Approach. Excerpt: We often receive questions from appraisers regarding Fannie Mae and the cost approach.

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Appraisal Business Contracts Advertising 52

Appraisal Today

JUNE 3, 2022

Lenders and AMCs want residential appraisers to value these properties as both the real estate and the business values of these properties – Wrong!! Lenders and AMCs want residential appraisers to value these properties as both the real estate and the business values of these properties – Wrong!! Functional Obsolescence.

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Appraisal Contracts Real Estate Marketing 52

Appraisal Today

DECEMBER 22, 2023

Per The Dictionary of Real Estate Appraisal, 6th Ed., While we provide more detailed illustrations below, a simple example would be a 5,000 square foot luxury home built in a neighborhood comprised of two and three-bedroom mid-century ranch homes. How to Account for a Superadequacy By: McKissock Excerpts: What is superadequacy?

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Appraisal Business Contracts Real Estate 75

Appraisal Today

APRIL 12, 2024

I have done drivebys for estate appraisals when the home had been sold and I had no access. 40 acre lot, Built in 2005 “The village of Highlands is some of the most expensive real estate in the Carolinas,” Jackson (listing agent) says. The list of non-lender uses is very good. baths, 14,450 sq.ft.,

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Appraisal Construction Contracts Architecture 76

Appraisal Today

APRIL 1, 2023

You could send a link to this article to a Very Picky or Very Supportive reviewer.> The Power of Praise By Rachel Massey, SRA, AI-RRS, CDEI Excerpts: …I received a really nice compliment from a reviewer with the Farm Credit Bureau. Boy I wish I had that one in writing! No words of thank you for an otherwise job well done.

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Clients Appraisal Contracts Business 52

Appraisal Today

OCTOBER 14, 2022

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?” What to Do When Your Appraisal Is Under Review. Appraisal Risk, Reviews, and Revisions. By Ken Dicks.

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Appraisal Insurance Real Estate Business 52

Appraisal Today

OCTOBER 13, 2023

Do you still feel the same level of assuredness? The three levels that we are going to discuss are “Beginner,” “Intermediate,” and “Pro.” Now, we could go deep and say that there are levels within the levels, but for now we will keep it simple and explore these three main levels. You might answer, “Absolutely!”

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Appraisal Law Contracts Business 79

Appraisal Today

NOVEMBER 20, 2022

Many appraisers were bragging about their ability to fill out two or three appraisal forms a day and receive no call-backs from lenders. Do you believe that the quality of your work ranks you as a tier 1 appraiser or do you have a little concern about your rating? What you can do today. By Richard Hagar, SRA.

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Appraisal Real Estate Agent Real Estate Contracts 52

Appraisal Today

SEPTEMBER 1, 2023

It was a house on three lots. There are funky angles, two kitchens next to each other divided by a wall. If your business is slow, now is a good time to do the “tough ones.” Appraising Odd Properties: What’s the Weirdest Property You’ve Appraised Recently? Odd properties tend to be challenging yet rewarding in terms of the fee.

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Appraisal Contracts Mortgage Real Estate 77

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? First and foremost, Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that we are to: “analyze all agreements of sale.” That’s the real reason why—because USPAP says so. Why must an appraiser be given a copy of the sales contract?

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Contracts Appraisal HOA Architecture 52

Appraisal Today

AUGUST 13, 2023

ChatGPT: Valuable Tool or a Replacement for Real Estate Appraisers? I recently had to renew my California Driver’s license, as I am over 70 and had to do a written exam and eye test. It comes with a three-bedroom, Mediterranean-style mansion with 4,050 square feet of luxury living space. garage as well.

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Appraisal Contracts Real Estate Agent Mortgage 74

Appraisal Today

NOVEMBER 10, 2023

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? To read more, click here My comments: Read this article!

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Appraisal Contracts Design Mortgage 62

Appraisal Today

OCTOBER 21, 2022

They do not have the bandwidth to cover local markets. National data simply does not apply to the local real estate market and the closest large markets are Richmond and Washington DC. Neither are not great metrics for what our local markets are doing. My comments: Read this article, including the case study.

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Appraisal Marketing Contracts Insurance 52

Appraisal Today

DECEMBER 23, 2022

Excerpts: The property to be appraised is atypical. In this case, the property is an outlier, oddball, or not common for the particular area. Of all the characteristics that can make a property complex, physical features are the ones that are most obvious. For example: The owner doesn’t own property rights on a waterfront property.

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Appraisal Contracts Mortgage Modernization 52

Appraisal Today

OCTOBER 6, 2023

2024 USPAP Source: Appraisal Foundation The 2024 Uniform Standards of Professional Appraisal Practice is now available for purchase in physical and digital formats. This year, for the first time, you can purchase just the book of USPAP standards for $35. This covers all Definitions, Rules, and Standards. Lots of people wanted to be on the ASB.

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Appraisal Contracts Real Estate Mortgage 76

Appraisal Today

JULY 29, 2022

57 Weird Real Estate Agent Photos. Excerpt: Yes, many great real estate photos really capture the house. More Terrible Real Estate Agent Photos for Appraisers. This post though is a tribute to the other kind that we’ve all seen – hilariously terrible MLS photos. To read more, click here.

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Real Estate Agent Real Estate Appraisal Agents 52