article thumbnail

Asian real estate group, other advocates claim Florida law violates Fair Housing Act

Housing Wire

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

Law 306
article thumbnail

Loosening The Knot

Appraisal Buzz

It is the work of a therapist and their client to carefully untie those knots. Of course, this applies to the work of real estate appraisal as well. The transaction is a complex interplay between buyer and seller. Consider this in the context of analyzing a potential comparable sale transaction.

Sellers 379
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Real Estate Risk Management: Putting Clients’ Interests First

McKissock

Real estate risk management is an important concern for agents. Real estate agents are commonly sued for breaching their duty to act in the best interests of their client. Keep reading to learn how to improve real estate risk management, and avoid getting into trouble with the law, by putting your clients’ interests first.

article thumbnail

Rocket Mortgage rolls out new loan option for manufactured homes

Housing Wire

Rocket Mortgage is now offering a conventional loan option for buyers who want to purchase or refinance a manufactured home, which expands the home financing options in a rapidly shrinking industry. These are clients with great income, credit scores and who are very creditworthy,” Bob Walters, CEO of Rocket Mortgage, said in a statement.

Mortgage 380
article thumbnail

Understanding Zillow’s Square Footage is Important!

Cleveland Appraisal Blog

I think if a buyer was told that the home had 2,000 square feet, they would automatically assume that it was above-ground square footage. Most buyers would not consider the basement in their minds, even though the finished basement would clearly add value and usefulness. home, would you expect the 2,000 sq. That’s okay.

Appraisal 406
article thumbnail

Was This Home Overimproved or Underimproved?

Cleveland Appraisal Blog

For example, a residential property with a one-car garage in a market that expects similar homes to have a two-car garage (known as an underimprovement) or too many expensive amenities for its location (known as an overimprovement or superadequacy) is out of balance.” That is not always a simple task.

Appraisal 284
article thumbnail

How scammers are using AI to commit new fraud in real estate

Housing Wire

Editor in Chief Sarah Wheeler sat down with Tom Cronkright, co-founder and executive chairman of CertifID and CEO of Sun Title , to talk about battling the latest frauds and scams as bad actors leverage a new arsenal of tech tools to wreak havoc on buyers and sellers of real estate. And then they will impersonate the property owner.