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No Time Adjustments!?

George Dell

The FHFA blog post of 1/16/2024 defines “underappraisals” as those loan appraisals which come in below the contract price. Appraisal time adjustments are also labeled as “market conditions” adjustments. Or, more recently in Evidence Based Valuation, “Market Price Indexing (MPI)©”. appeared first on George Dell, SRA, MAI, ASA, CRE.

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Do Appraisal Gap Clauses Impact Appraisals?

Cleveland Appraisal Blog

An appraisal gap clause can be written into a contract. It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. In this hot market, it’s not surprising that this type of clause is being written into some contracts.

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FAQ #8:  What Happens When the Appraisal Comes Back Under Contract Price?

Riverfront Appraisals

While this is indeed one of the most frequently asked questions we get – especially from homeowners – it’s not a new topic to our blog. As I’ve written about this topic […] The post FAQ #8: What Happens When the Appraisal Comes Back Under Contract Price? appeared first on Riverfront Appraisals.

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How are appraisers handling concessions?

Sacramento Appraisal Blog

Could a seller credit damage the chance of appraising at the purchase contract? first appeared on Sacramento Appraisal Blog | Real Estate Appraiser. These questions weren’t asked a year ago, but welcome to the 2023 housing market. The post How are appraisers handling concessions?

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Wait, so rates aren’t going down now?

Sacramento Appraisal Blog

first appeared on Sacramento Appraisal Blog. UPCOMING SPEAKING GIGS: 4/11/24 Lindsay Carlisle Event (private) 4/25/24 HomeSmart iCare […] The post Wait, so rates aren’t going down now?

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Real Estate Sales Agreements: Understanding Your Contract

Movoto

This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. Real estate purchase contracts come into play to protect both parties and move the sale forward, helping prevent either party from wasting the other’s time and money.

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What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

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