Appraisal Buzz

APRIL 30, 2024

In today’s mortgage landscape, mortgage loan originators (MLOs) must find their way to success through an increasingly complex and difficult market. MLOs that adapt these strategies to their unique local market will be able to provide value to their clients.

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Marketing Real Estate Agent Renovations Buyers 195

Housing Wire

JULY 23, 2021

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. Using a 3-month bank statement program, borrowers who would not otherwise qualify due to lost or nontraditional income may be able to buy a new home and place their own on the market. Fix’n’flip.

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Housing Wire

AUGUST 10, 2023

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. That was nearly double the 8% of buyers who described themselves as owner-occupants in a February 2022 Auction.com buyer survey.

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Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. You’ll want to include the list price, sale price, and days on market. There are still plenty of buyers interested in this area.

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Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. So, finding those opportunities, rehabbing and returning them to the market solves part of the [inventory] problem,” Carlton said.

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Inventory Renovations Real Estate Government 448

Housing Wire

MAY 20, 2022

Today, homes are selling faster than usual because of the shortage of inventory and high buyer demand. Investment homes often take longer to sell because your audience is other investors. If your house is priced too high, it will turn buyers off, but if it’s too low, people may wonder what’s wrong with it. Sell to a Wholesaler.

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Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. In that case, potential buyers will lay down an ‘as-is’ offer, which means they will acquire the home in its current condition. I hope you find her article to be helpful!

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Renovations Buyers Appraisal Investing 221

Housing Wire

JUNE 8, 2021

With tightened housing stock supply, the competition for home buyers is fierce this year. Low rates and increased demand mean prices are soaring on what stock is available – and what’s available isn’t staying on the market for long. Given the rising price of lumber and other construction costs, renovations may sound impractical.

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Housing Wire

SEPTEMBER 24, 2021

As investors recognize the potential these older properties hold and the inventory and profits they could open up in such a red-hot housing market, demand for older, more distressed properties should increase. They come with lots of hassle and overhead costs, and the process just isn’t efficient — for the buyer or for the lender.

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Housing Wire

JUNE 25, 2021

Per a recent report from Redfin , the typical iBuyer-owned home found a buyer after 13 days on the market — the quickest pace since at least 2015, when Redfin began recording iBuyer data. The company also received a $200 million commitment from private equity investors BlackRock and Zimmer Partners. from the prior quarter.

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Renovations Marketing Buyers Inventory 345

Housing Wire

JULY 17, 2023

This transformative technology has opened up a new world of possibilities, empowering agents and captivating potential buyers like never before. Take your customers on virtual tours Virtual property tours are essential in real estate marketing, and these tours leverage VR technology’s power.

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Housing Wire

AUGUST 5, 2021

With global market uncertainty surrounding the Delta variant of COVID-19, we saw 10-year Treasury yields drift lower and consequently mortgage rates followed suit,” said Khater. This bodes well for those still looking to refinance, renovate or even purchase a new home.”. Home prices increased across the board in May, leaping 16.6%

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Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The as-is market value is typically based on a drive-by broker price opinion or external-only appraisal given the properties are usually still occupied.

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Housing Market Buyers Marketing Retail 384

Listing Spark

AUGUST 17, 2023

FHA loans are becoming an increasingly popular option for buyers all across the home market. However, property investors and house flippers can run up against the requirements for FHA loans in ways that present unexpected obstacles. Buyers who are pre-approved for an FHA loan must comply with the FHA 90-day flipping rule.

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Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Bulk Buyer Bonanza.

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Investors Renovations Marketing Retail 386

Eppraisal

OCTOBER 31, 2023

 Better yet, use a real estate agent to do a comparative market analysis and calculate your home’s value impartially. Appraisal Mortgage lenders use home appraisal reports to make credit decisions, so hiring an appraiser can help you learn about your home’s current market value more objectively.  This

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PennyMac

JULY 21, 2021

Kitchen and bathroom updates are some of the first ideas that usually come to mind, but you can get great returns from making outdoor renovations and improvements. We talked to real estate and renovation experts to gather their tips and insights on renovation projects for your home’s exterior living space.

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Housing Wire

JUNE 28, 2023

Roughly 80% of real estate investors surveyed are selling single-family homes at or above asking price after fully renovating the properties to make them habitable, according to a report from real estate marketplace New Western. is lacking about 320,000 listings valued at the affordable range for middle-income buyers.

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Housing Wire

APRIL 9, 2021

Ours is to buy at the market price and sell it at higher-than-market price and give 100% of the upside to the consumer.” Its agents are tasked with marketing and selling the home, using their local expertise, Raveis said. Once the home sells, the homeowner receives the full proceeds. .

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Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. If the first-time homeowners are not moving because they can’t afford to, it freezes up the entire lower end of the market. Business is at a “dead stop,” said a retail loan officer in Michigan.

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Mortgage Loan Officers Inventory Retail 375

Housing Wire

FEBRUARY 8, 2024

And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients. Jane Doe specializes in luxury markets.” After all, prospective clients are trusting you with one of their biggest financial decisions.

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Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. Read on for more about Gallo’s business strategies for 2023, his general take on LO compensation and prospects for the housing market.

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Business Loan Officers Clients Inventory 367

Eppraisal

AUGUST 18, 2023

However, many potential investors often face the challenge of limited savings, which can deter them from entering the real estate market. Explore Low-Cost Real Estate Markets If you don't have substantial savings, focus on low-cost real estate markets where property prices are more affordable.

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PennyMac

JANUARY 2, 2024

Do you know the return on investment (ROI) of your renovation project? Some renovations can make your home more valuable. If you’re investing in a home renovation in hopes of recouping that money when you sell, it’s important to research and plan ahead before you begin to ensure you’re spending your money wisely. It depends.

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Lamacchia Realty

AUGUST 12, 2021

Fixer-uppers tend to be popular among real estate investors as well as first-time homebuyers as they present an opportunity to buy below market value. By making updates, the buyer is able to meet or exceed current market standards and build equity in their property faster. How Much Time Do They Take to Renovate?

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Listing Spark

DECEMBER 11, 2023

These figures include a ballpark on ROI for rental properties, a clear idea of your expected profit on a flip after renovation and resale, and a detailed list of the expenses you’ll incur to process the property. Many investors stop at calculating buyer closing costs, renovations, and holding costs.

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McKissock

OCTOBER 12, 2021

For many different reasons, properties can come on the market in less-than-par condition. The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” ” Case in point. .”

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Appraisal Market Value Investors Buyers 84

Cleveland Appraisal Blog

JUNE 25, 2021

What is the primary reason a newly built home has a higher market value than the same home that is older? Even if they are completely renovated, they are still not considered to be new. For instance, remodeling a kitchen or bathroom typically improves a home’s market value, which in turn, reduces a home’s loss in value.

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Market Value Appraisal Marketing Buyers 244

PennyMac

SEPTEMBER 6, 2023

This is especially true if home sellers are trying to move quickly or are hoping to avoid costly renovations. 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.

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Listing Spark

APRIL 17, 2024

With the current NAR settlement shaking up commission processes and costs for buyers and sellers, investors have even more reason to operate without an agent holding up their processes. Understanding the Value of a Flat-Fee Listing on MLS Flat-fee MLS listing is a powerful tool in the savvy real estate investor’s arsenal.

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Housing Wire

MARCH 26, 2024

Last year might best be described as a risk-prone atmosphere for the single-family rental sector and the related fix-and-flip market. Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We

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Investors Marketing Inventory Real Estate 428

Quicken Loans

JUNE 17, 2021

The good news is you can get the best of both worlds with delayed financing, a cash-out refinance option for recent cash buyers. What if you had major renovations for your new home in mind? If you’re an investor or you want to become one, you know the value of having cash on hand. What Is Delayed Financing? Build Credit.

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The Robert Weiler Company

MAY 18, 2022

In commercial real estate, return on investment (or ROI) is the amount an investor profits from a property sale after all expenses are deducted. Though, keep in mind that commercial real estate doesn’t always sell at market value. What a great selling point to a potential buyer! Consider going solar.

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McKissock

OCTOBER 3, 2021

As part of our contributor series, Daniela Andreevska , content marketing director at Mashvisor , talks about investment property strategies. Mashvisor provides a real estate analytics tool that helps real estate investors quickly find traditional and Airbnb investment properties. . How the fix-and-flip investment strategy works.

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Listing Spark

JULY 21, 2023

Without the right knowledge and expertise, you might find yourself with a property that has extensive foundation problems or a post-renovation value that doesn’t reach your break-even point. While this can help savvy real estate investors, it can also be a costly overstep. While the average ROI of a flip was 51.4%

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Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. A CMA report includes information on similar, comparable properties in the area, including recent sales, active listings and current market trends.

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Marketing Real Estate Agent Clients Tools 376

Eppraisal

FEBRUARY 22, 2022

The flip side is that the transaction takes more out of the buyer's pocket than if inflation were not a factor. What about investors, who both buy and sell? However, inflation takes a toll on the price of renovations, a variable that will very well influence the bottom line.

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