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Understanding the Basics of Buying Your First Home - Part 2 - Researching and Finding Your Dream Home

Eppraisal

In the first blog of our series, we covered the basics of preparing yourself for buying your first home. Now that you've assessed your financial readiness, obtained a pre-approval for a mortgage, and engaged a real estate agent, it's time to dive into the exciting process of researching and finding your dream home.

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New Homebuyer’s Guide To Appraisals

Birmingham Appraisal

What New Homebuyers Need To Know About Appraisals. If you are a new homebuyer, welcome! In this new homebuyer’s guide to appraisals, I’ll help you understand the process during your first home purchase. The time required for this stage will vary depending on the amount of data readily available.

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Fannie: Words and Phrases in Appraisals

Appraisal Today

Excerpts: Following that thought process, our appraisal language has simply got to change to reflect current times. They take time, effort, and ultimately do not contribute to our bottom line. None of us enjoy completing revision requests. However, revision requests are part of an appraiser’s life. Looking For Non-Lender Work?

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Investor + Flippers Guide to FHA Flipping Guidelines

Listing Spark

These loans, insured by the Federal Housing Administration (FHA) and designed to help homebuyers with low credit scores and low down payment savings, are generally off the table for anything besides a primary residence. The buyer cannot pay for the second appraisal, which means the $300–$400 bill falls on the seller.

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Appraiser Liability Risks

Appraisal Today

This Is Where Appraisal Liability Risks Lie (Plus Tips on How to Avoid Them) By: McKissock Excerpts: While it’s difficult for a litigant to win a judgment against an appraiser, that doesn’t spare appraisers the inconvenience of being sued, which can be costly, time-consuming, and harmful to one’s reputation even if the suit fails.

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Fannie Files Complaint Against Appraiser

Appraisal Today

At that time, the real estate market was still being wildly affected by the COVID pandemic. As anyone who has been an appraiser for more than five seconds can attest, you use the best comps available. This was the first time I had ever experienced this problem. The appraisal was ordered by an AMC on behalf of a lender.

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5 Expert Real Estate Marketing Tips

PennyMac

Instagram is the best social media channel for the visuals of real estate and is the second most popular platform among U.S. Many of these methods are affordable, requiring an investment of a little more than your time and knowledge. Dana Bull is a full-time real estate professional who began investing right out of college.