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Buyer agency: a crucial historical shift in real estate

Housing Wire

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Owners with conservation easements can claim an income tax deduction. Conservation easement appraisals are a definite risk for appraisers. They are not easy to do. percent of total applications.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

Appraisers must consider broader economic indicators, such as inflation rates and GDP growth, in tandem with localized market conditions, including inventory levels and median price changes, to provide accurate and timely valuations. If buyers cannot get insurance or it is very expensive, it will affect value.

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Appraisals and Water Frontage

Appraisal Today

The canal was owned by the state with an unclear easement for building beyond the rear lot line. Excerpts: Before the announcements from Fannie and Freddie, it was anticipated that desktop appraisals would only be accepted for loans with a maximum of 80% loan-to-value ratio (LTV), where buyers were making at least a 20% down payment.