Birmingham Appraisal

MAY 1, 2024

Contrary to what you see on the home improvement shows it is not always possible for an appraiser to shoot from the hip and reply back “An updated kitchen will add $50,000 to the value of your house” There are so many factors that must be taken into consideration.

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Renovations Appraisal Real Estate Agent Construction 75

Padove Appraisal Service

DECEMBER 2, 2022

It is always recommended that you consult an attorney to find out what your exact needs are. It is always recommended that you consult an attorney to find out what your exact needs are. Appraisals can be used to eliminate your lender’s requirement for Private Mortgage Insurance (PMI). This is a mortgage specific form.

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Appraisal Valuation Insurance Mortgage 148

Genworth MI Blog

FEBRUARY 29, 2024

Before reaching the review process, you’ll need to first have an understanding of what an appraiser will look for to determine the property’s value. The appraisal report is important to ensure that homeowners are getting a fair and accurate representation of how much their property is worth.

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Appraisal Inspection Training Real Estate 88

Cleveland Appraisal Blog

SEPTEMBER 23, 2022

Another challenge for second homeowners is dealing with their pets. If you spend half your time in each residence, use the cheaper state for your essentials, such as car insurance, vehicle registration, or income tax. Invest in Quality Health and Pet Insurance. Health insurance and pet insurance are also vital.

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Insurance Appraisal Property Taxes Real Estate 61

Genworth MI Blog

AUGUST 31, 2022

In some cases, this meant that interior inspections and appraisals relied on pictures and details from the homeowner or realtors involved in the sale rather than direct viewing. Q: What are the concerns with buyers waiving inspections? . Foster : If you don’t know what you’re buying, then you don’t know what it costs to fix it.

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Inspection Appraisal Marketing Appraisal Process 78

Premier Home Appraisal Blog

MAY 30, 2023

Are you tired of paying for private mortgage insurance (PMI) every month? This appraisal blog post will explore how our Virginia home appraisal services can get you started on financial freedom. Understanding PMI - What is it, and why do you need it? My home appraisal saved me money! The average price of PMI is between 0.3%

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Appraisal Home Value Appraisal Process Insurance 98

Birmingham Appraisal

DECEMBER 7, 2022

How Can Homeowners Save Money With Today’s High Inflation? So what can we do about it? In this week’s post, I’m sharing 5 ways homeowners can save money so that inflation may not have such a devastating effect on their bank accounts. 5 Ways Homeowners Can Save Money. 5 Ways Homeowners Can Save Money.

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Property Taxes Appraisal Tools Insurance 86

Will Springer Realtor

NOVEMBER 29, 2022

How do you know if your home has enough insurance coverage? The quick answer is that you are probably underinsured – and homeowners usually receive the bad news after submitting a claim. About six in 10 homeowners are insufficiently insured, according to CoreLogic, a property data research firm.

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Insurance Construction Finance Home Improvement 36

Appraisal Today

MARCH 15, 2024

In this guide, we’ll explore what defines a rural property, the challenges appraisers face, reasons for conducting rural appraisals, strategies for finding comparables, and tips for writing a compliant appraisal report. What if there are few rural areas near you? Well written. It is not hard to learn the valuation factors.

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Appraisal Inspection Modernization Business 68

Appraisal Today

NOVEMBER 24, 2023

NOTE: Please scroll down to read the other topics in this long blog post on , , VA changes, State Appraisal Board problems, gratitude for appraisers, unusual homes, mortgage origination stats, etc. == San Francisco Bay’s Red Rock Island is for Sale for $25M Excerpts: Red Rock Island is the only privately owned island in San Francisco Bay.

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Appraisal Mortgage Business Contracts 73

Movoto

APRIL 24, 2024

How to run these checks is a bit beyond the scope of what we’ll cover here. You’ll also need to check with local authorities to understand requirements for how to rent a house in your area and any organizations like HOAs or condominium associations, when applicable. Does Rental Income Count as Earned Income?

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Tenants Landlords Logistics Insurance 36

Appraisal Today

JULY 14, 2023

What tool do you prefer to use when measuring a house? Most, including Bill Gates’ mansion is across Lake Washington from Seattle. == Three Dangerous Insurance Mistakes Appraisers Should Avoid by Isaac Peck, Senior Broker at www.OREP.org 1. Appraiser E&O insurance is written on a “Claims Made” basis. Phone app. –

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Tools Appraisal Insurance Contracts 75

Will Springer Realtor

NOVEMBER 21, 2023

It starts with the current homeowners and their existing mortgage. Buyers agree to pay off the mortgage – plus fees set by the seller – by paying the current homeowner who continues to hold the mortgage debt. In an assumable mortgage, the new homeowner assumes responsibility for the seller’s loan. Faster Homeownership.

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Mortgage Legal Sellers Buyers 64

Will Springer Realtor

SEPTEMBER 19, 2023

Unexpected flooding caused major problems for Mabél Guzmán, a real estate broker in Chicago: “I moved into a townhouse that was not even near a flood zone and didn’t require flood insurance,” she says. “I Moreover, FEMA had to help, and each homeowner impacted received $2,000.” Flood insurance is cheap outside of high-risk areas.

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Insurance Inspection Real Estate Buyers 46

Eppraisal

JUNE 27, 2023

What is a Fixed-Rate Mortgage? Long-Term Planning: Fixed-rate mortgages are ideal for homeowners who plan to stay in their homes for a significant period since they provide stability and a consistent payment structure. In the next blog post, we'll explore adjustable-rate mortgages, another commonly used mortgage type.

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Mortgage Finance Insurance Tools 36

Quicken Loans

NOVEMBER 9, 2021

Before we go any further, let’s stop the record for a second and go over what a seller concession is. Concessions allow for sellers to pay for things like prepaid interest points so buyers can get into the house with a lower rate; the appraisal, origination fees, title insurance and so on are also common concessions. The 4% Rule.

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Sellers Property Taxes Insurance Buyers 53

D Fritz Appraisals

SEPTEMBER 19, 2019

The following blog post explores why this is. What is a Home Appraisal? An appraisal report informs homeowners, home buyers, and mortgage lenders on the market value of the home. An appraisal report informs homeowners, home buyers, and mortgage lenders on the market value of the home.

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Home Value Appraisal Real Estate Agent Tools 78

Movoto

MARCH 29, 2024

What to Expect When You Move to Indiana Like other states, Indiana has diverse offerings that can accommodate a wide range of tastes, lifestyles, and professional roles. Healthcare Indiana has a high rate of healthcare coverage, with about 95% of residents having health insurance. The current unemployment rate (as of 2023) is 3.7%.

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Insurance Development Real Estate Technology 36

Birmingham Appraisal

SEPTEMBER 15, 2022

What New Homebuyers Need To Know About Appraisals. While most people will not require an appraisal very often it is good to know what an appraisal is and how the process works. What is a Mortgage Appraisal? Banks never want to be upside down in a loan meaning that they do not want to loan out more than what the home is worth.

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Appraisal Inspection Appraisal Process Real Estate Agent 90

Movoto

JANUARY 31, 2022

Here’s a complete guide to what to expect at your home closing. So what is closing, exactly, and what does it consist of? Title company representative: The title company insures the title status during closing. The seller: The current homeowner. It’s time to close on your home. There’s just one step left: closing.

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Real Estate Agent Sellers Insurance Buyers 36

Will Springer Realtor

OCTOBER 17, 2023

They are often funded by state housing finance agencies and may subsidize portions of the interest to offer rates below what the normal market can provide, helping to lower buying costs and monthly payments. They may also have reduced closing costs and fees, as well as waived mortgage insurance requirements.

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Buyers Government Finance Mortgage 63

Quicken Loans

APRIL 12, 2021

Before you purchase a foreclosed home, it’s important to understand what foreclosure is, why people enter into foreclosure and what to consider when buying a foreclosed home. What Is Foreclosure? Foreclosure can also happen when the homeowner fails to pay their property taxes or homeowners association fees.

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Inspection Property Taxes Mortgage Investors 54

Quicken Loans

JUNE 23, 2021

Sending In Extra Money Without Explaining What It’s For. Rocket Mortgage ® won’t complain if you send in extra money, but we aren’t mind readers, which can make it tricky when you send in extra money without telling us what it’s for. Also keep in mind that old communication methods might no longer be effective. That is no longer true.

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Mortgage Property Taxes Insurance Technology 43

Cleveland Appraisal Blog

OCTOBER 1, 2021

Consider the following three tips from the Cleveland Appraisal Blog for downsizing with a pet in tow. HGTV recommends that homeowners get in touch with a realtor first to determine what needs to be moved around or stored before you take pictures for the home’s online listing. Decide What To Throw and What To Save.

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Appraisal Valuation Realtors Modernization 243

Quicken Loans

SEPTEMBER 17, 2021

So what happens if you inherit a house with a mortgage, and what do you do next? Because the deceased individual’s debts still need to be paid off, their remaining assets will need to be sold to pay lenders what they are owed. When this happens, you have a few options to consider for what you should do next.

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Mortgage Legal Insurance Law 45

Appraisal Today

NOVEMBER 3, 2023

To read more, click here My comments: Be sure to read this blog post. NOTE: Please scroll down to read the other topics in this long blog post on Investigation of desktop appraisals, economic analysis, Bias, hybrid appraisals, unusual homes, mortgage origination stats, etc. USPAP 2024 is effective January 1, 2024.

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Appraisal Contracts Architecture Mortgage 75

Movoto

JANUARY 28, 2022

In addition to rental rates, deciding who covers utilities, insurance implications, and lease terms, there are other things you need to be aware of that aren’t as obvious. If you live in a community that has a homeowners association (HOA), there may be provisions against renting out your house.

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HOA Tenants Landlords Law 48

Will Springer Realtor

JULY 18, 2023

But what about when you already live in the home and want to age in place? Inspectors work for the homeowner and will be a partner on how to improve the safety in and around your property. Our state provides funds to certain homeowners in rural areas and other assistance programs are available. Nobody truly loves change.

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Inspection Transportation Insurance Technology 36

Listing Spark

DECEMBER 9, 2020

One of the most common questions we get from our home sellers at ListingSpark is “How do I determine what my closing costs are”? Let’s use a case study of a $450,000 home in a residential neighborhood with a homeowner’s association. Title Insurance Policy: On a $450,000 home, the title insurance premium will cost $2,677.

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Sellers HOA Insurance Contracts 69

Quicken Loans

DECEMBER 3, 2021

What are the advantages of a VA loan? What are the advantages of a VA loan? Additionally, VA loans don’t require private mortgage insurance (PMI). The appraisal process is done to evaluate the value of the home and to ensure the house meets safety and living standards for a veteran homeowner. VA Loan FAQs.

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Insurance Appraisal Mortgage Appraisal Process 62

Appraisal Today

NOVEMBER 10, 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 barndominiums, liability, declining prices, non-lender marketing, Freddie bad appraisal practices, unusual homes, mortgage origination stats, etc. ==. No ads in the blog post.

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Appraisal Real Estate Agent Real Estate Contracts 52

AmeriMac

APRIL 15, 2024

Whether you’re a buyer looking to secure a mortgage, a seller determining the asking price, or a homeowner considering a case of a refinance, understanding how to order a home appraisal quickly is essential for a successful home purchase.

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Appraisal Appraisal Process Real Estate Renovations 36

Quicken Loans

JULY 14, 2021

For homeowners, the good news is there may be a way to help you better manage your finances by using a mortgage refinance to pay off debt. When looking into a mortgage refinance, it’s important to know what type of options are available. If your LTV is higher than 80%, your lender may require you to pay this insurance.

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Mortgage Insurance Appraisal Government 57

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. Well written, short, and worth reading. As we all (should) know, any person or company. can sue you for any reason at any time.!

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Appraisal Real Estate Valuation Contracts 85

Quicken Loans

DECEMBER 5, 2021

What Is A Good Down Payment For A House? But you’ll probably have to pay for private mortgage insurance (PMI) instead, which is an extra cost on top of your monthly payment. Consider the prices and decide what would be the right budget for your homeownership dreams and your finances. Let’s explore how to save for a down payment.

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Buyers Finance Mortgage Design 66

Quicken Loans

NOVEMBER 22, 2021

It offers the chance to get into a home without a down payment and a one-time funding fee in place of mortgage insurance. What Are The Benefits Of VA Loans For Disabled Veterans? No private mortgage insurance (PMI). Disclaimer: Beginning January 1, 2020, the VA funding fee will be changing to a range of 1.4% – 3.6%

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Property Taxes Sellers Finance Insurance 60

The People's Appraisal Blog

JANUARY 17, 2019

We have all seen the the commercials for Nationwide Insurance and that they are on your side. To clarify more I personally say the AGA is like car insurance. Kinda like your E&O insurance but better. You pay car insurance just in case something happens for the year. But what happens when you get into an accident?

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Insurance Appraisal Real Estate Tools 36