Cleveland Appraisal Blog

AUGUST 6, 2021

Below is a chart from the National Association of REALTORS article on home buyer regret. Some buyers may be relocating from a different state, and feel pressured to purchase a home sight unseen. It’s not that these pictures are meant to deceive buyers. WAIVING HOME INSPECTIONS. Did they regret their decision?

Buyers 243

Buyers Property Taxes Inspection Market Value 243

Housing Wire

JUNE 22, 2021

Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. Redfin also reported this month that seven in 10 buyers — 70.4% — faced bidding wars in May. Lack of inventory. We don’t have any inventory. If you’re an FHA or VA buyer, you don’t stand a chance.

Housing Market 396

Housing Market Real Estate Agent Marketing Inventory 396

Housing Wire

FEBRUARY 22, 2024

Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. Notably, property risk calls for thorough inspection, preservation, and maintenance to limit liability. Notably, property risk calls for thorough inspection, preservation, and maintenance to limit liability.

Business 334

Business Marketing Real Estate Legal 334

Housing Wire

MARCH 18, 2021

The progression of homebuying over the past year has seen prospective buyers adjusting their preferred destination plans again, and again, and again. For a time, Colorado Springs became the de facto destination for buyers priced out of living in Denver. Housing professionals need to find ways to better meet buyer needs.

Housing Market 536

Housing Market Marketing Real Estate Agent Buyers 536

Lamacchia Realty

DECEMBER 11, 2023

THE HIDDEN COSTS OF SELLING YOUR HOME WITHOUT A REALTOR® There is no denying it, the housing market has been a rollercoaster over the last several years. From the Covid-19 driven frenzy in 2020 to the significant inventory slowdown this year , buyers , sellers , and agents have all had adapt and grow comfortable with change.

Realtors 71

Realtors Real Estate Agent Sellers Realty 71

Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% The KAAR also said housing inventory dropped for six straight months to start the new year. year-over-year.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. It never will be. I’ll explain later.)

Agents 380

Agents Buyers Sellers Inventory 380

Lamacchia Realty

MARCH 12, 2024

As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market.

Buyers 70

Buyers Inspection Sellers Real Estate 70

Housing Wire

OCTOBER 1, 2020

In ultra-competitive markets, where inventory is low and homes can sell in 48 hours, the “verified” approval could be the key to victory, said Jay Farner, the CEO of Rocket Companies. And then pass that along to the Realtor as well so they’re efficient with their time. “They think, ‘I want to buy a home.’

Advertising 424

Advertising Real Estate Agent Mortgage Real Estate 424

Empire Appraisal Group

MARCH 16, 2023

Use Data | Florida Realtors Hard Convincing Sellers Not to Overprice? Use Data By Jennifer Warner Florida Realtors economist : Many sellers today plan to overprice their home, but overpricing isn’t new. These conversations are dicey in normal times, and even more so as the market shifts in favor of buyers.

Sellers 78

Sellers Inventory Realtors Clients 78

Cleveland Appraisal Blog

MAY 13, 2021

Buyers have their view of how much they are willing to pay for a home. THE BUYER’S VIEW. However, most home buyers are looking for a place to live. . If the buyer is willing to purchase a home for a price that is much higher than other homes comparable homes are selling for, are they wrong for doing so? Not at all!

Market Value 298

Market Value Contracts Appraisal Buyers 298

Listing Spark

AUGUST 25, 2022

Home inspections are a critical part of real estate. They impact both buyers and sellers and are key in negotiations and identifying any problem areas in homes. For most buyers and sellers though, they don’t know what they should be looking for in a home inspection. Episode overview. Episode highlights. Key takeaways.

Inspection 36

Inspection Real Estate Construction Sellers 36

Hank Miller Team

NOVEMBER 4, 2022

Seems that just over 70 of recent homebuyers have buyer’s remorse. In Feb '21 we noted that 44 of homebuyers had buyer's remorse, these new stats are bonkers. This number is a bit of a surprise and the reasons have to do with price but also with just about every other aspect of the buyer's transactions. Most of them.

Buyers 40

Buyers Real Estate Agent Agents Real Estate 40

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. Inquire about your options and decide which type of buyer representation is best for you.

Buyers 36

Buyers Real Estate Agent Tenants Landlords 36

Rowe Appraisal Group

MAY 6, 2020

This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. Bring him copies of the offers to the inspection. Or it could signal that inventory levels are low and buyers have very few alternatives. Are inventory levels low? Or maybe both.

Realtors 36

Realtors Appraisal Contracts Real Estate Agent 36

Rowe Appraisal Group

MAY 6, 2020

This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. Bring him copies of the offers to the inspection. Or it could signal that inventory levels are low and buyers have very few alternatives. Are inventory levels low? Or maybe both.

Realtors 36

Realtors Appraisal Contracts Real Estate Agent 36

Genworth MI Blog

JULY 13, 2023

The current housing market has been met with low housing inventory, yet demand is still relatively high. There is an on-site visual inspection of the property and a suggestion of improvements followed by the research, analysis and development that produces the appraisal report. That’s where you, the lenders, can step in and help.

Appraisal 78

Appraisal Inspection HOA Real Estate 78

Lamacchia Realty

DECEMBER 28, 2021

It was the year of the frustrated buyer, particularly in the first half of the year. The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. In fact, our REALTORS had multiple properties that had over 30 offers! 2021 Recap. It is a real problem.

Sellers 74

Sellers Inventory Buyers Realtors 74

Eppraisal

MARCH 13, 2021

The real estate market is hot right now with pent-up buyer demand from 2020. According to the National Association of Realtors, the inventory of available homes on the market set a record at the end of 2020 as being the lowest since 1999. They work extra hard for the buyers they have an Exclusive Buyer Broker Agreement with.

Buyers 36

Buyers Brokerage Contracts Home Value 36

Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Meanwhile, existing-home sales plummeted by 19% in June year over year after declining by 20% in May, according to the National Association of Realtors. Taken by Felix Mizioznikov. Census Bureau , after jumping 20% in May.

Construction 362

Construction Development Finance Mortgage 362

Lamacchia Realty

JANUARY 10, 2022

Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since. Now in 2022, it’s predicted that inventory will continue to stay low and competition will remain immensely high. Consider Waiving Inspection. Shorten Contingency Time Frames.

Sellers 72

Sellers Buyers Inspection Bracketing 72

Lamacchia Realty

FEBRUARY 22, 2023

2022 started with low inventory and high competition as predicted , but by April rates began their ascent and the market began its shift. Since then, as rates and inflation have continued to influence consumer sentiment and spending, inventory has remained low as sellers hesitate to dive into the market.

Buyers 41

Buyers Sellers Inspection Bracketing 41

Lamacchia Realty

JUNE 10, 2022

Despite all of it competition is still strong, and buyers are still out there, but with average prices increasing also at historic rates since 2020 and with the cost increase of borrowing, a shift in the market is happening. Congratulations, frustrated home buyers ! We aren’t at pre-COVID levels yet, but we are on the path.

Marketing 62

Marketing Sellers Buyers Inventory 62

Eppraisal

APRIL 8, 2021

Home values are increasing as buyers are competing for homes. According to the National Association of Realtors (NAR), the inventory of homes is at it's lowest since 1999. The NAR cites that in December of 2020 the inventory was down 23% compared to December of 2019. It's a "super seller's market" right now.

Marketing 36

Marketing Inspection Contracts Buyers 36

Lamacchia Realty

JUNE 16, 2022

Your REALTOR® can help weed out any properties that don’t match your criteria. Once you figure out your wants and needs, there are other steps to take before you get to the closing table including getting pre-approved and working with your REALTOR® to submit an offer once you find a home you want. Buyer Resources. April 8, 2021.

Realtors 61

Realtors Inspection Realty Buyers 61

Eppraisal

MAY 17, 2022

If you are a buyer in today’s market, it may seem like an uphill battle for you. This is mainly due to the lack of inventory of homes for sale and that home values are rising. Many buyers lose out on homes they put offers on more than once before finally having an offer accepted. This may not be the case.

Real Estate Agent 69

Real Estate Agent Sellers Legal Buyers 69

Lamacchia Realty

SEPTEMBER 29, 2022

South Florida active inventory levels increased yet again in August. less active buyers), therefore, inventory is no longer being cannibalized by frenzied buyers facing extreme competition. As inventory levels keep increasing (i.e., Highlights. Increased mortgage rates have slowed the market (i.e.,

New Listings 41

New Listings Supply Chain Inventory Buyers 41

Lamacchia Realty

JUNE 27, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by fall and into the winter, which in turn caused prices to continue to increase significantly. South Florida Inventory.

New Listings 36

New Listings Inventory Inspection 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. Step 3: Find a Real Estate Buyer’s Agent Who Knows REO Homes. 10 Steps to Buying REO Properties. Step 4: Refine Your List of Lender-Owned Properties.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Will Springer Realtor

SEPTEMBER 19, 2023

The fact is home buyers need to pay attention to their flood risk and the need for flood control. All home buyers. We can provide relevant market and inventory information. Buyers should be upfront about how much flood risk they are comfortable with and whether they need contacts for flood professionals.

Insurance 46

Insurance Inspection Real Estate Buyers 46

Realtor

MAY 18, 2018

That’s instead of having professional appraisers come out to physically inspect the homes, look at recent sales data in the area, and perform their own analyses to come up with the valuation. That cost is footed by the loan seeker, whether it’s a buyer getting a mortgage or a homeowner trying to refinance.

Appraisal 78

Appraisal Inspection Buyers Valuation 78

Realtor

MAY 18, 2018

That’s instead of having professional appraisers come out to physically inspect the homes, look at recent sales data in the area, and perform their own analyses to come up with the valuation. That cost is footed by the loan seeker, whether it’s a buyer getting a mortgage or a homeowner trying to refinance.

Appraisal 78

Appraisal Inspection Buyers Valuation 78

Eppraisal

MAY 25, 2021

Private mortgage insurance (PMI) is usually required with other loan programs when a buyer's down payment is less than 20% of the home's value. Sellers used to be leery of the VA inspection as it's really more of an appraisal and shouldn't be construed as a home inspection. With the VA loan, it comes with a government guarantee.

Sellers 36

Sellers Home Value Inspection Government 36

Birmingham Appraisal

JUNE 1, 2022

If financing were not an issue, and the buyer couldn’t care less about how their contract price compared to other similar properties, it would just be a matter of connecting the buyer with the seller and signing on the dotted line, but life isn’t always so easy. Don’t Get Stuck In The Past.

Agents 52

Agents Marketing Contracts Inventory 52

Birmingham Appraisal

JUNE 13, 2023

If you choose not to be at the property during the appraisal inspection let the appraiser know you are available to answer any questions they may have. Market information- This can include any data or trends that affect the market value of the property, such as supply and demand, inventory, absorption rate, days on market, etc.

Real Estate Agent 81

Real Estate Agent Real Estate Agents Reconsideration of Value 81

Houston Properties

JULY 22, 2022

The Best Houston Realtor to Sell Your Home. The combination of low inventory and high demand is great for sellers. The tremendous amount of relocation buyers with big energy companies like Exxon, Chevron, Shell, and Halliburton in addition to current Houstonians are driving demand. The Best Houston Realtor to Sell Your Home.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Houston Properties

JULY 15, 2022

Homebuyers benefit from the help of the best Southampton Houston realtor who knows how to navigate the neighborhood, its deed restrictions, and non-MLS inventory. The Best Houston Realtor to Sell Your Home. This is primarily due to the increasing demand and continued low inventory of Southampton Place homes for sale.

Real Estate 36

Real Estate Real Estate Agent Realtors Agents 36