McKissock

JULY 20, 2021

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., ” Do you believe you are acting as a home inspector when you complete a property inspection as part of an FHA assignment? Appraisers perform similar inspections, to one degree or another, in most appraisal assignments.

Inspection 105

Inspection Appraisal Construction Clients 105

Appraisal Buzz

AUGUST 13, 2024

While the industry is no stranger to predatory and/or unfair lending practices, new advisory opinion and research study on a type of home seller financing known as a “contract for deed” has been released by the Consumer Financial Protection Bureau (CFPB). These disclosures include the annual percentage rate and payment schedules.

Contracts 367

Contracts Investors Sellers Lending 367

Housing Wire

APRIL 2, 2024

Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year. Chicago, I think, is suffering more than most markets in the United States.

Loan Officers 430

Loan Officers Retail Finance Buyers 430

Genworth MI Blog

FEBRUARY 18, 2021

Real estate appraisals serve an important role in the mortgage lending process and many borrowers will have personal experience interacting with an appraiser during a refinance, and possibly even a purchase. The appraisal inspection is typically where such interactions occur, and this can be a stressful experience for the borrower.

Inspection 148

Inspection Appraisal Real Estate Loan Officers 148

D Fritz Appraisals

AUGUST 12, 2019

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. home appraisal – an often mandatory step the buyer’s lender insists on.

Inspection 96

Inspection Appraisal Property Appraisal Real Estate 96

Appraisal Hub

JULY 26, 2024

The appraiser inspects the property from top to bottom. Getting a Loan: If you need a bank loan to buy a house, the bank wants to know the house’s value to be sure it’s lending the right amount of money. Onsite Property Inspection: A certified property evaluator visits the house. Appraisal services help with this.

Valuation 78

Valuation Buyers Market Value Insurance 78

Housing Wire

APRIL 8, 2021

First, the pre-approval letter tells the seller that you are serious about buying a home and that you have a commitment from a reputable lender on how much it will lend to you. This is a bit of a gamble since the buyer won’t know for sure if they have to use the money until after the appraisal.

Inspection 451

Inspection Sellers Buyers Tools 451

Hank Miller Team

NOVEMBER 22, 2022

There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. In most cases, if a home buyer is getting a mortgage, an appraisal will be completed. The appraiser represents the interests of the home buyer's lender.

Inspection 52

Inspection Appraisal Buyers Contracts 52

CP Home Appraisals

AUGUST 27, 2018

Isn’t a home inspection similar to a home appraisal? Not at all – an appraisal differs from a house inspection. Although the home appraiser will complete a rudimentary inspection of the subject property, it will be nowhere near as thorough as what a property inspector does. Do I need a home inspection as well?

Inspection 78

Inspection Appraisal Property Inspector Real Estate 78

Genworth MI Blog

FEBRUARY 18, 2021

Real estate appraisals serve an important role in the mortgage lending process and many borrowers will have personal experience interacting with an appraiser during a refinance, and possibly even a purchase. The appraisal inspection is typically where such interactions occur, and this can be a stressful experience for the borrower.

Inspection 78

Inspection Appraisal Real Estate Loan Officers 78

McKissock

MARCH 28, 2023

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. What are some specific types of non-lending assignments that might be worth adding to your workload this year? Read the full survey results below. We do that.

Lending 99

Lending Appraisal Property Taxes Training 99

Realtor

JULY 13, 2021

Getty Images Buyers, we know it’s hard out there for you right now. All of this demand means buyers are going to ever-greater lengths to make their offer stand out. All of this demand means buyers are going to ever-greater lengths to make their offer stand out. Home inspection. Mold remediation.

Inspection 203

Inspection Real Estate Agent Real Estate Buyers 203

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 417

Agents Buyers Sellers Inventory 417

The Appraiser Coach

SEPTEMBER 14, 2021

Appraisers have been accused of being “speed bumps” in the lending process. We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. In some ways, I can understand their. Read More.

Agents 370

Agents Appraisal Real Estate Agent Loan Officers 370

Housing Wire

OCTOBER 1, 2022

Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies. All cash buyers now stand at 24%.

Realtors 403

Realtors Housing Market Marketing Buyers 403

AmeriMac

MARCH 28, 2022

Before your mortgage loan is approved, you usually need to go through an appraisal and a home inspection. An appraisal tells you the market value of your property — while a home inspection tells you what might need to be repaired or replaced. The buyer is the one who receives the appraisal report, not the seller.

Inspection 36

Inspection Appraisal Buyers Sellers 36

Housing Wire

SEPTEMBER 23, 2021

Remote inspections have the power to make homeowners and appraisers more comfortable. Incenter Appraisal Management’s new remote appraisal inspection tool streamlines the appraisal process while ensuring appraisers stay in control of the inspection and data collection. User-friendly for everyone.

Appraisal 388

Appraisal Inspection Technology Appraisal Process 388

Boston Appraisal

OCTOBER 8, 2022

While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. As a result, delays in the lending or mortgage process are not uncommon; more recently, there have been attempts to mitigate this problem. One such attempt is the increased use of hybrid appraisals.

Appraisal 135

Appraisal Inspection Appraisal Process Valuation 135

Housing Wire

JULY 15, 2021

Through a close friend, Davis was introduced to HomeFree-USA, a nonprofit organization whose mission is to help prospective buyers reach homeownership. Throughout the process, Davis faced common issues, such as being outbid on a property and encountering unexpected defects in homes she toured that wouldn’t have passed inspection.

Clients 403

Clients Development Lending Inspection 403

Boston Appraisal

OCTOBER 8, 2022

While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. As a result, delays in the lending or mortgage process are not uncommon; more recently, there have been attempts to mitigate this problem. One such attempt is the increased use of hybrid appraisals.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

Lamacchia Realty

MARCH 12, 2024

With an expert in their corner, buyers will have a highly skilled professional to help them implement some of the following tactics to help set their offer apart from others in a bidding war. They should be well known, respected among agents in the area, and highly specialized in mortgage lending. Appeal to their emotions.

Buyers 68

Buyers Inspection Sellers Real Estate 68

Boston Appraisal

OCTOBER 8, 2022

While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. As a result, delays in the lending or mortgage process are not uncommon; more recently, there have been attempts to mitigate this problem. One such attempt is the increased use of hybrid appraisals.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

Realtor

AUGUST 1, 2018

An FHA loan—which allows the buyer to put down as little as 3.5%—sounded This is a payment that’s usually required when the buyer isn’t putting 20% down. To be approved for the loan, the house must pass an inspection conducted by the U.S. sounded like a dream come true. Department of Housing and Urban Development.

Inspection 136

Inspection Insurance Buyers Renovations 136

Housing Wire

OCTOBER 26, 2020

In times like these, the “one-stop-shop” approach to the servicing and lending process has become even more appealing, and there is a company providing that in a flexible capacity: Xome. Inspex solves an issue unique to 2020 by adding flexibility for homeowners who may not be comfortable with a vendor in-home inspection.

Clients 388

Clients Valuation Technology Inspection 388

Birmingham Appraisal

SEPTEMBER 15, 2022

A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. Appraisal vs Home Inspection. What is a Mortgage Appraisal?

Appraisal 96

Appraisal Inspection Appraisal Process Real Estate Agent 96

Raleigh Realty

AUGUST 17, 2021

Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is going to be regarding Due Diligence, Due DIligence fees, and Earnest Money in North Carolina Real Estate.

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Appraisal Hub

MARCH 19, 2023

Based on this information, the bank can then determine the amount to lend and decide if the property is a suitable form of collateral should the borrower default on their loan or is unable to make payments. How Can Buyers And Sellers Benefit From Appraisals? Where Can I Find An Appraiser In Toronto? Appraisal Hub Inc.

Appraisal 78

Appraisal Property Appraisal Sellers Mortgage Appraisal 78

Lamacchia Realty

JANUARY 23, 2023

Step 2: Check your credit score In addition to a down payment, a first-time home buyer must have a decent credit score. Another important first-time home buyer step is seeking pre-approval from a lender for a home loan. Step 6: Get a home inspection. Ideally, a down payment on a mortgage should be 20% of the home’s price.

Real Estate Agent 70

Real Estate Agent Inspection Realty Real Estate 70

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer.

Appraisal 107

Appraisal Inspection Property Taxes Easement 107

Lamacchia Realty

JUNE 7, 2022

million condo units, with 28,000 condo associations across the state, and nearly a year after the Champlain Tower collapse in Surfside, Florida, stricter condo regulations have been put in place to mandate more frequent condo inspections. There will be two phases of inspections for recertification. Buyer Resources. Read More ».

HOA 36

HOA Inspection Law Property Management 36

Kairos Appraisal Services

DECEMBER 1, 2022

Lending regulations restrict the borrower, mortgage broker, or lender from choosing which appraiser conducts their home inspection and prevents direct communication between these parties. An appraisal… The post How Appraisal Management Companies Aid the Appraisal Process appeared first on Kairos.

Appraisal Process 52

Appraisal Process Appraisal Inspection Lending 52

Realtor

AUGUST 1, 2018

An FHA loan—which allows the buyer to put down as little as 3.5%—sounded This is a payment that’s usually required when the buyer isn’t putting 20% down. To be approved for the loan, the house must pass an inspection conducted by the U.S. sounded like a dream come true. Department of Housing and Urban Development.

Inspection 78

Inspection Insurance Buyers Renovations 78

Lamacchia Realty

JANUARY 10, 2022

In this ultra-competitive market, buyers need to do all they can to make the strongest offer when the right house becomes available. Then buyers will have a highly-skilled professional to help them implement some of the following tactics to help set their offer apart from others in a bidding war. Consider Waiving Inspection.

Sellers 71

Sellers Buyers Inspection Bracketing 71

AmeriMac

JUNE 30, 2024

In this blog, we’ll cover home appraisal key components, the process, factors influencing values, and tips for buyers and sellers. The appraiser thoroughly inspects the property, noting size, condition, and unique features. Appraiser visits the property and conducts a thorough inspection to assess its value.

Appraisal 36

Appraisal Renovations Mortgage Inspection 36

DataMaster

APRIL 6, 2021

An important key for buyers to keep in mind, appraisals are for the benefit of the lender, not just for the the buyer! Lenders make sure that they are lending the right amount of money for a home. If a buyer defaults on the loan, the lender wants to be able to recoup the cost of the home. What is an Appraiser? Conclusion.

Appraisal 158

Appraisal Appraisal Process Buyers Legal 158

Lamacchia Realty

FEBRUARY 22, 2023

This stalemate has maintained low inventory and competition among buyers for what is available on the market. Buyers need to do all they can to make the strongest offer when the right house becomes available. They should be well known, respected among agents in the area, and highly specialized in mortgage lending.

Inspection 41

Inspection Buyers Sellers Bracketing 41

Raleigh Realty

OCTOBER 10, 2021

While you do have a right to sell your home as-is, a large number of repairs needing to be done can be off-putting to prospective buyers and can sometimes extend the closing process. The first thing that is going to draw a prospective buyer to your home is the overall look of its exterior. It is what is going to draw a buyer in.

Real Estate 140

Real Estate Real Estate Agent Buyers Agents 140