Eppraisal

DECEMBER 20, 2022

Whether you are a home buyer or seller, the real estate transaction can sometimes be tricky to navigate. Each step will get you closer to a successful home closing. Part 1 of our next two posts will dissect the real estate transaction from the buyer's perspective.

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Eppraisal

MARCH 15, 2022

When interviewing for a real estate agent to help you purchase a home, be sure to ask them what type of buyer representation they are going to provide to you. There are multiple types of buyer representation with differences in what they entail. Many states allow this type of dual buyer representation.

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Eppraisal

SEPTEMBER 8, 2023

We treat it as a great starting point for a discussion with a real estate agent before placing your home on the market. This knowledge can help them provide a more accurate estimate of your home's value based on current market conditions.

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Eppraisal

SEPTEMBER 7, 2022

For the past couple years, homes have been selling fast and home values have been increasing at record-breaking rates. The inventory of listed homes on the market has been historically low. In many markets home sellers no longer have the leverage they did a few months ago.

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Real Estate Agents Real Estate Agent Marketing 69

Eppraisal

JULY 19, 2022

Unsure if you should hire an attorney to represent you in your real estate transaction, ask your real estate agent or mortgage lender. A real estate attorney has quite a few roles in a real estate transaction. It is advised that you forward the inspection reports to your attorney.

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Real Estate Inspection Real Estate Agent Contracts 36

Eppraisal

FEBRUARY 28, 2023

From time to time the terms "contingent" and "pending" are used interchangeably in a real estate transaction. They have different impacts on both the buyer and the seller in a real estate deal. The buyer must meet these contingencies by a certain date.

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Eppraisal

MAY 18, 2021

It's no secret the real estate market is super hot right now and the demand for homes is high. There are more buyers than homes available for sale. Buyers are finding themselves in multiple offer situations which means many are being outbid for homes, often more than once.

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Eppraisal

SEPTEMBER 30, 2021

It is one of the strongest seller's markets we've ever seen in the real estate industry. The inventory of available homes is at a record-breaking low. Buyer demand for homes is extremely high. Home values are rising. Many real estate contracts have this provision written in as an optional paragraph.

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D Fritz Appraisals

OCTOBER 11, 2022

There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. What is Checked During a Home Appraisal?

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Eppraisal

NOVEMBER 23, 2021

The real estate market is still hot and there are currently more buyers than homes available for sale. So far in this year's fall real estate market, home values continue to rise. It hasn't been uncommon where homes haven't appraised for the prices on the real estate contracts this year.

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Zillow

JULY 15, 2019

Approved for short sale : A term that indicates that a homeowner’s bank has approved a reduced listing price on a home, and the home is ready for resale. Look for this accreditation or something similar when shopping for a home inspector.). Buyers market : Market conditions that exist when homes for sale outnumber buyers.

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Real Estate Agent Insurance Inspection Buyers 56

Eppraisal

NOVEMBER 12, 2021

Selling your home can be profitable in today's seller's market as home values have risen significantly this year. What's taken many sellers by surprise this year, however, is that some homes haven't been appraising due to these higher sales prices. That's why neither you nor your buyer is the appraiser's client.

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Appraisal Real Estate Agent Real Estate Buyers 36

Realtor

MARCH 7, 2023

These loans have no home value limits at all, although they do have income limits. ” In some cases, experts advise it might be wise for a potential homebuyer to pay to have a home inspection done prior to the official appraisal. The post Does the Home You Want To Buy Qualify for a USDA Loan?

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Eppraisal

DECEMBER 23, 2022

Earlier this week we explored the real estate transaction from the perspective of the Buyer. We'll now dissect the entire real estate transaction from the perspective of the seller. If a buyer calls you directly or knocks on your door, refer them to your listing agent.

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Real Estate Sellers Inspection Contracts 36

Eppraisal

JULY 1, 2022

Of course every home sale will always include the owner, but FSBO refers to a very specific type of sale where the homeowner handles the sales process without the aid of a real estate agent. In 89% of real estate transactions, a homeowner will use an agent or broker to market the property and handle the paperwork.

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Real Estate Agent Real Estate Home Value Legal 36

Eppraisal

MARCH 10, 2023

Even though most houses were selling quickly, and home values were rising, many sellers wanted to sell their homes to buyers with few or no contingencies. "House The real estate market is starting to balance out more in many areas of the country.

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Sellers Home Value Real Estate Real Estate Agent 68

Eppraisal

MAY 24, 2022

Today's real estate market is still "hot" and continues to break records. With homes selling faster than ever before, home values are rising at higher rates than ever before. The inventory of homes available for sale is at its lowest in history.

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Eppraisal

JULY 12, 2022

One important aspect of the home-buying process is earnest money. Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. As home values have been rising, so have earnest money amounts.

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Contracts Real Estate Agent Sellers Real Estate 36

Eppraisal

AUGUST 26, 2022

It won't turn into a buyer's market right away. In fact, home values are still rising. Price Your Home More Strategically Buyers have been pricing their homes higher and higher over the past two years. Consider updating other rooms in your home as well. Trim trees and bushes.

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Sellers Real Estate Marketing Real Estate Agent 36

Eppraisal

OCTOBER 2, 2021

It's imperative, now more than ever, to have an experienced real estate agent who has your best interests at heart. There are key skills you should look for in your listing agent or selling agent. The real estate markets in 2020 and so far in 2021 have been like no other.

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Agents Real Estate Agent Marketing Real Estate 36

PennyMac

SEPTEMBER 6, 2023

Selling a House As Is Selling a house as-is means the homeowner will not make repairs or renovations before selling it to a buyer, even if the home has structural concerns or is in poor condition. Sell fast If you want to get more equity from your home without putting in a ton of effort, it's possible to just sell it as is.

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Renovations Inspection Sellers Buyers 36

PennyMac

DECEMBER 22, 2020

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. Real estate agent: A real estate agent will be able to find REO offerings from multiple lenders in your desired area.

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Inspection Real Estate Agent Real Estate Agents 69

Eppraisal

APRIL 20, 2021

With limited inventory, home values are on the rise. Most homes that come on the market are selling in record time and are receiving multiple offers. If there are multiple offers, the seller's agent will probably ask each buyer for their "highest and best" offer in price and terms of the contract.

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Sellers Loan Officers Inventory Home Value 66

PennyMac

OCTOBER 10, 2023

The required in-person visit by a home appraiser can take over an hour, depending on the size of your home. However, several other steps are involved in making an unbiased and professional assessment of your home's value. An appraiser will also evaluate your home's foundation and its condition.

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Appraisal Real Estate Agent Renovations Home Value 69

Realtor

AUGUST 7, 2019

Simply put, home appraisals are meant for the buyer’s lender more than any other party. If a buyer needs a loan to purchase your home, the lender will require an appraisal toward the end of the loan application process just to make sure the home is actually worth its purported value. The final word?

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Sellers Appraisal Market Value Real Estate Agent 111

PennyMac

JANUARY 2, 2024

Equity is the difference between your home's current market value and the amount you owe on your mortgage. A home upgrade that doesn’t fully pay for itself dollar-for-dollar in terms of increased home value may still boost your home’s overall market value, thereby increasing your equity.

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Home Improvement Renovations Investing Inspection 36

Realtor

AUGUST 7, 2019

Simply put, home appraisals are meant for the buyer’s lender more than any other party. If a buyer needs a loan to purchase your home, the lender will require an appraisal toward the end of the loan application process just to make sure the home is actually worth its purported value. The final word?

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Sellers Appraisal Market Value Real Estate Agent 78

D Fritz Appraisals

MARCH 16, 2021

Home inspection reports (current and previous). If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals. Copies of any previous appraisals – this can help the appraiser see how the value has changed over the years.

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Appraisal HOA Easement Valuation 126

Raleigh Realty

MARCH 29, 2021

This means that it's harder to know a local neighborhood well before searching for homes. Changing locations may make it feel like committing to a home isn't worth the effort, too. With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle.

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Government Real Estate Agent Insurance Property Taxes 148

D Fritz Appraisals

MARCH 7, 2019

This information will help you impress the appraiser as well as prospective buyers. Now that you’ve got the “bookkeeping” out of the way, here are 8 things you can do to increase the value of your home. Likewise, a prospective buyer won’t be willing to overpay for your property just because it has a sauna.

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Renovations Appraisal Real Estate Agent Buyers 78

Houston Properties

MAY 6, 2020

We’ve gained experience as the #1 boutique real estate team in Houston, and have gathered data from our database of 30,000 buyers. We have over 150 pages of guides that contain best practices, expert tips, market insight, and recent data on what buyers are looking for. READ THE TOP 9 HOUSTON HOME SELLING MISTAKES.

Renovations 66

Renovations Realtors Sellers Home Improvement 66

McKissock

JANUARY 26, 2021

Two things come into consideration when it comes to the valuation of your home; these are its actual and perceived value. The actual home value would be dependent on things like location, square footage, property age, etc. Your perceived value can be something else entirely.

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Decorating Law Real Estate Agent Buyers 66

Raleigh Realty

MARCH 26, 2022

What Is A Buyer's Agent? What is a Buyer's Agent in Real Estate and do I need one when buying a home? We have all that answered and more If you are wondering if you should use a Buyer's Agent the answer is easy, yes. Is a home inspection worth the cost?

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Real Estate Buyers Agents Contracts 148

PennyMac

JUNE 28, 2022

More specifically, closing costs are fees that you (as the buyer) will pay to third parties who have performed services for purchasing your home. From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. Closing costs can apply to both the buyer and seller.

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Insurance Property Taxes Sellers Inspection 36

Eppraisal

OCTOBER 5, 2022

Now that the real estate market is transitioning with softening sales and rising interest rates, it is important to be in the know as a home buyer. Here's how to prepare yourself for the ride: Align with an Agent Find a real estate agent who is local, knowledgeable and experienced.

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Buyers Real Estate Agent Marketing Sellers 68

Houston Properties

JANUARY 13, 2021

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Remember: real estate is hyper-local! Buyers Beware? In regards to real estate, on one hand, it should make the value of the assets larger in dollar terms (e.g. real estate should be a good hedge for inflation).

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Housing Market Marketing Real Estate Realtors 68

Eppraisal

AUGUST 30, 2022

There is a lot of news in the media about the real estate market starting to cool down for sellers and balance out for buyers. If you are a buyer, you may be getting giddy about it. Here are a couple of strategies for buyers to follow in order to secure the houses they have been waiting for.

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Real Estate Buyers Real Estate Agent Marketing 36