Appraisal Today

NOVEMBER 10, 2022

Use of unsupported or subjective terms to assess or rate, such as, but not limited to, “high,” “low,” “good,” “bad,” “fair,” “poor,” “strong,” “weak,” “rapid,” “slow,” “fast” or “average” without providing a foundation for analysis and contextual information. My comments: From Freddie Mac’s Selling Guide with links to more information.

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Appraisal Today

AUGUST 4, 2023

The End of Home Appraisals? As with all banned words, Freddie’s list will lead to the need to ban additional words over time as appraisers, expunging the word “desirable,” will find synonyms when analyzing market reaction to the views of two homes or to the cul-de-sac location of a home versus the midblock location of a comparable.

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Boston Appraisal

NOVEMBER 6, 2020

The Case File Three years ago, James Brown purchased a nice three-bedroom home in a quiet town with good schools. The home had been recently renovated and was in great condition. The appraiser looks like the bad guy. Let’s say that Mr. Brown decides to list his home. He paid $475,000. James is devastated.

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Appraisal Today

NOVEMBER 4, 2022

My comments: Read this blog post with practical tips from practicing appraisers. But, McKissock’s blog posts are short, well written, and popular with readers, so I include them regularly. To read more of this long blog post with many topics, click Read More Below!! Building homes at a higher elevation will help.

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Quicken Loans

JULY 1, 2021

Our love is unconditional, and we may have even carried out home renovations to accommodate our pets. In fact, some of the cost of those renovations you made might be recouped by value added to your home’s sale price. One of those times is when you’re trying to sell a house. Selling A Home With Cats And Dogs: The Good News.

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Appraisal Today

OCTOBER 27, 2023

We’ve organized the strange and spooky properties described by our survey participants into the following categories: Vacant and secluded homes Spooky historic properties Properties in horrible condition Other surprising and strange site visits “Vacant house that neighbors told me had not been occupied for almost 3 years.

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Cleveland Appraisal Blog

MARCH 18, 2021

Especially if the home being appraised is in a neighborhood that is underserved. Nonetheless, because it is on the minds of so many, which is understandable, and something we all need to be sensitive to, I find myself thinking about discrimination when I am appraising homes in neighborhoods that might be considered to be under-served. .

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Appraisal Today

SEPTEMBER 30, 2022

As it turns out, both the appraiser and the home inspector had each independently inspected the home 18 months prior and both mistakenly reported a few of the smoke alarms present at the home, as CO detectors. Consequently, both the appraiser and home inspector ended up on the receiving end of a “wrongful death” legal claim.

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Hood Homes Blog

SEPTEMBER 21, 2018

Your dream home. You’ve gone to a few builder model homes in Killeen , Harker Heights , and Copperas Cove , and this is The One. You’ve skipped some important steps in the process that are going to save you money and make sure you are getting the most out of your home buying experience. Look at comparable pre-owned homes.

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Appraisal Today

AUGUST 19, 2022

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on Condo risks, mortgage origination volume down, 4 high growth appraisal companies, cost cutting tips, unusual homes, mortgage origination stats, etc. ==. Sell or donate it.

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Appraisal Today

JUNE 3, 2022

. • GRM is an Income Approach that applies to homes with long long-term tenants, not homes with many Short Term Rentals. My comments: This mainly applies to cities where many homes are being converted to Airbnbs, including exterior doors for bedrooms (see foto below) and expanding the number of bedrooms. External Obsolescence.

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Appraisal Today

FEBRUARY 3, 2023

It has gotten very bad since AMCs took over. To read more of this long blog post with many topics, click Read More Below!! To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on Costar and residential, non-lender appraisals.,

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Hood Homes Blog

MAY 6, 2018

Bad Budgeting. That process comes with Step 2 of buying a home , working with a lender. I recommend aiming to spend as little as is necessary to get you what you want in a home. More important, however, is a reason related to the bad budgeting mistake. Avoiding overspending is probably the most important rule.

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Rowe Appraisal Group

MAY 6, 2020

This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. If a home was only listed on the MLS for 5 days and has multiple offers, it most likely indicates that the list price is at or below market value. Are inventory levels low?

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Rowe Appraisal Group

MAY 6, 2020

This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. If a home was only listed on the MLS for 5 days and has multiple offers, it most likely indicates that the list price is at or below market value. Are inventory levels low?

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Hood Homes Blog

MAY 2, 2018

They want their home where the buyers are. Bad or Insufficient MLS Information. A small accident can mean the difference between your home being viewed or not. For example, if your home is legitimately four bedrooms but you only put three, then everyone looking at 4+ bedrooms is never going to see your home.

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Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. It was an inevitable end to arguably the greatest run-up in home values in history. Which doesn’t seem too bad. Some markets were affected more than others.

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Appraisal Today

NOVEMBER 10, 2023

Don’t think like a salesperson – avoid words that may be common in Multiple Listing Service (MLS) and used to help sell a home. Excerpts: 4 bedroom, 3 bath, 3,100 square feet, 0.6acre lot, built in 1973 This home in Fayetteville, AR, stands out by actually blending in with the surroundings.

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Will Springer Realtor

JANUARY 9, 2024

Perhaps too late in the year to make a difference to many, at least the Fed’s upbeat forecast offers renewed hope for the pent-up pool of prospective buyers – possibly sellers, too – to seek out a new home in the coming 12 months. In other words, the housing market was in deep hibernation and the conditions should only improve from here.

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Will Springer Realtor

JULY 12, 2022

Speaking in late June, Yun said: “We are currently at the peak of the mortgage [rate] cycle … [and] the only way rates will rise even further is if we continue to get bad inflation numbers – month after month – in a surprising, unexpected way.”. Higher mortgage rates raise costs for buyers planning to finance a home purchase.

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Will Springer Realtor

MARCH 14, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

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Housing Wire

OCTOBER 17, 2023

Selling pre-foreclosure is often the best option for distressed homeowners who don’t qualify for any loss mitigation programs, but those homeowners are understandably hesitant to choose that option and often end up choosing it when time is running out. Those dangers can be found in recent headlines from the New York Times and ProPublica.

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Will Springer Realtor

AUGUST 9, 2022

There is no one-size-fits-all solution to solving our shortage of affordable homes but one answer that appears to have wider appeal is to aggressively advocate for accessory dwelling units (ADUs) – either attached to a structure or detached (DADU) in a backyard. Sit, relax, enjoy the sun and take in the view. You deserve it!

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Will Springer Realtor

JANUARY 7, 2022

After a cooling off period to enjoy the holidays and avoid severe weather, buyers were back on the prowl for a new home as sellers prepped their properties for the seasonal rush. The industry is prepared for another high-demand, low-inventory year, even if conditions do not quite hit the fever pitch of 2021. Plus, John L.

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