Housing Wire

JANUARY 17, 2024

of all purchased properties in the period analyzed between 2018 and 2021, despite national house prices growing rapidly. According to the FHFA blog post, home purchases can be complicated by an appraisal below the buyer’s contract price offer. However, time adjustments happened to only 18.5%

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Appraisal Contracts Finance Real Estate 466

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.

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Real Estate Agent Real Estate Agents Reconsideration of Value 78

Lamacchia Realty

SEPTEMBER 20, 2023

EVERYTHING YOU NEED TO KNOW ABOUT CLOSING COST CREDITS Buyers , sellers , and sometimes even real estate agents get confused with how closing cost credits work. For additional details on closing costs when buying visit our blog How Much Money Do I Need in Order to Buy a Home?

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Sellers Buyers Property Taxes Inspection 62

McKissock

DECEMBER 14, 2021

This pretend transaction involves parties who are adequately informed, acting rationally, and looking out for themselves. payment is made in terms of cash in U. dollars (cash or equivalent) and not Euros, Bitcoin, nor Monopoly money. For example: I just purchased a vacant lot in town for $6,000. Written by Steven W.

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Market Value Marketing Property Appraisal Appraisal 80

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. So let’s dive in and explore the world of home appraisals.

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Appraisal Appraisal Process Real Estate Renovations 36

Quicken Loans

JUNE 3, 2021

Real estate professionals are painfully aware of the fact that technology is disrupting the industry. iBuyers are real estate companies that buy and sell properties through technology. The iBuyer uses the estimate to make an all-cash offer usually within 24-48 hours of receiving the request. What Is An iBuyer?

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Sellers Buyers Agents Real Estate Agent 55

Cornerstone

JUNE 8, 2021

In order to keep up the momentum in residential real estate, more listings must become available. Purchasing before housing prices rise again. As noted in a recent blog post , future owners of your home may prefer to remodel the kitchen or bathroom themselves, choosing the design that better suits their taste.

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Marketing Sellers Renovations Loan Officers 46

Listing Spark

AUGUST 10, 2021

When purchasing a home, not only is there a buyer and seller executing a contract, there is also a monetary consideration called earnest money that binds the agreement. Over the years, the average amount a buyer pays in earnest has settled at around 1% of the total purchase price. What is Earnest Money?

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Contracts Buyers Sellers Real Estate 36

Quicken Loans

APRIL 12, 2021

It can be hard to pass up a good deal, especially when it’s on a large purchase like a home. Foreclosure purchases thrived in 2009-2010 when a recession-battered housing market hit its peak foreclosure rate. That person must pay cash for the full amount or a significant deposit immediately. What Is Foreclosure?

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Inspection Property Taxes Mortgage Investors 54

Cleveland Appraisal Blog

MARCH 18, 2021

A REAL-LIFE SITUATION. A REAL-LIFE SITUATION. Let me share a real-world situation with you. I was given an order to appraise a property for a purchase. The property had been purchased for a price in the mid 50’s by an investor, two months prior to my appraisal.

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Appraisal Investors Buyers Market Value 195

Quicken Loans

NOVEMBER 22, 2021

There are certain things a seller can only pay up to 4% of the purchase price or appraisal for, whichever is lower. If you close on your loan prior to receiving benefits, the funding fee may be refundable if you were in the middle of applying for disability at the time of your purchase or refinance.

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Property Taxes Sellers Finance Insurance 60

Cleveland Appraisal Blog

MAY 13, 2021

But how do rainbows relate to real estate transactions? In a real estate transaction, everyone has a different view. Real estate agents have a view of what the home should be listed for, based upon their research and experience. Pretty cool, don’t you think? I am glad you asked!

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Market Value Contracts Appraisal Buyers 298

Appraisal Today

APRIL 12, 2024

I have done drivebys for estate appraisals when the home had been sold and I had no access. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, using new construction comps for existing homes, master planned communities, unusual homes, mortgage origination stats, etc.

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Appraisal Construction Contracts Architecture 76

Hood Homes Blog

MAY 6, 2018

I wrote an article on why you should strongly consider still using a real estate agent when buying from a builder, beginning with the fact that the builder has budgeted to pay your agent already. Budget based on your monthly mortgage payment, not your purchase price. How To Budget Your Mortgage. Plan on that mortgage going up.

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Buyers Realtors Agents Construction 36

Quicken Loans

SEPTEMBER 7, 2021

Or maybe it’s wedding card envelopes stuffed with cash. Let’s dive a little deeper into the concept of gift money, how it can be used in a real estate transaction and the effect it can have on your finances during the underwriting process and over the course of your home buying journey. Cash Down Payment Gifts.

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Law Real Estate Mortgage Buyers 68

Will Springer Realtor

MAY 9, 2023

Compounding the demand is a consumer public determined to stay put for several more years rather than dive into a real estate market clouded by higher interest rates. The National Association of Hispanic Real Estate Professionals issued its annual report in March. >> Seattle is ranked No. 2 in the U.S. Seattle was No.

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Real Estate Modernization Construction Supply Chain 36

PennyMac

JANUARY 16, 2022

Yes, researching average nightly prices and occupancy rates helps in identifying a property that will generate cash flow. With over 14 years of experience in financial analysis and real estate, Mihaela Bordea is a senior analyst at Point2Homes. In addition,] even a part-time home requires full-time maintenance.

Investing 36

Investing Property Taxes Real Estate Renovations 36

Will Springer Realtor

DECEMBER 12, 2023

The year in residential real estate nears its end amid twists and turns like a good book but it’s waiting for the storyline to improve as we fill out the empty pages in 2024. Next week’s blog post will offer a picture of what we can expect in 2024. Kitsap leads with an 8.8% gain, followed by 7.1% and Pierce up 2.9%.

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Housing Market Marketing New Listings Buyers 42

Will Springer Realtor

DECEMBER 14, 2021

Forecasting the direction of the economy and residential real estate is never easy, particularly in a pandemic and following a mini-recession. Welcome to the fourth annual Living the Dream blog predictions and projections in real estate and beyond. days (November 2021). =. By the Numbers. Economists forecast 7.5%

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Real Estate Buyers Construction Sellers 69

Will Springer Realtor

MARCH 14, 2022

This is in no way an effort to downplay the unfolding tragedy or appear tone deaf, but it is a fair question: Will residents in our region face economic challenges so severe that it will affect the real estate market? To purchase a home, many buyers withdraw funds from stock and cryptocurrency markets as well as retirement accounts.

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Housing Market Marketing Real Estate Supply Chain 36

McKissock

MAY 30, 2023

Catered to real estate appraisers, agents, and other professionals, this monthly blog series helps you navigate the ever-evolving economic environment so you can make well-informed decisions to support your business and career success. This blog post highlights key insights and potential impacts. trillion deficit.

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Real Estate Construction Appraisal Inventory 73