Housing Wire

NOVEMBER 23, 2020

The company said data from its platform and other industry sources shows a growing backlog of mortgages that are in foreclosure or delinquent but not in a mortgage forbearance program. Daren Blomquist, vice president of market economics at Auction.com, estimates that foreclosures will grow to more than 1.1

Buyers 531

Buyers Real Estate Investors Retail 531

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Don’t drink the Kool-Aid that any contract price is reflective of market value.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Housing Wire

JULY 17, 2023

With real estate inventory at a near-record low, buyers seeking a place to call home are facing stiff competition as bidding wars continue to be commonplace. It is critical that title professionals and our industry partners spread awareness about this type of fraud and educate buyers about the steps they should take to protect themselves.

Sellers 369

Sellers Real Estate Agent Real Estate Insurance 369

Eppraisal

FEBRUARY 14, 2024

Whether you're a first-time buyer or a seasoned homeowner, understanding these costs is essential for a smooth transaction. Let's delve into the intricacies of closing costs, what they entail, and how they impact both buyers and sellers. What are Closing Costs?

Sellers 36

Sellers Buyers Property Taxes Real Estate Agent 36

Housing Wire

JUNE 11, 2021

A home inspector, hired and paid by the buyer typically, will look at the plumbing, electricity and the overall foundation of the home and then provide a report with their findings. While home inspections aren’t required, they provide the buyer with several important opportunities in the home-buying process.

Inspection 431

Inspection Appraisal Buyers Appraisal Process 431

Housing Wire

MAY 12, 2021

Even with historically low levels of inventory, rising mortgage rates and uneven job growth, experts still believe 2021 will be a record year for home sales. trillion is roughly equal to France’s 2020 gross domestic product , or the combined market value of Amazon and Facebook. How much will be spent on homes? billion. .

Housing Market 414

Housing Market Inventory Mortgage Market Value 414

Lamacchia Realty

JANUARY 4, 2022

BUYERS, DON'T MAKE THESE HOUSE HUNTING MISTAKES! Not Hiring a Buyer’s Agent Some home buyers believe it’s better to work with the listing agent directly hoping they’ll get a better deal than if they hire a buyer’s agent. Listing agents are contractually bound to act in the best interest of their seller, not the buyer.

Buyers 74

Buyers Agents Inventory Sellers 74

Housing Wire

JULY 6, 2022

PFSI), which ranks as one of the top five mortgage lenders nationally, are seeking to raise more than $700 million in the debt markets through the sale of notes secured by mortgage servicing rights. The notes are backed by Ginnie Mae mortgage-servicing rights, according to a presale report by Kroll Bond Rating Agency (KBRA).

Investing 342

Investing Finance Mortgage Market Value 342

D Fritz Appraisals

SEPTEMBER 11, 2023

If you are looking to sell quickly or have a limited budget, it is worth researching the renovations that increase home value the most. knows which renovations can add market value – and which will make your home more valuable to you but won’t necessarily increase the selling price. Fritz Appraisals Inc.

Renovations 119

Renovations Home Value Market Value Valuation 119

Housing Wire

APRIL 8, 2021

Surplus funds are proceeds from a foreclosure sale to a third-party buyer that are above and beyond the total debt owed to the foreclosing lender. The slight pullback in 2020 is due largely to side effects of the pandemic-induced foreclosure moratorium on government-backed mortgages in place for most of the year.

Retail 421

Retail Market Value Marketing Buyers 421

Realtor

NOVEMBER 7, 2023

If you’re a first-time home buyer , you might get a little queasy when the last line of your good-faith estimate comes in at several thousand dollars. Costs of buying a home #2: Escrow account An escrow account is basically a way for your mortgage company to make sure you have enough money to cover related taxes and mortgage insurance.

Inspection 196

Inspection Insurance Sellers Buyers 196

Cleveland Appraisal Blog

APRIL 11, 2023

The research and analysis that a well-trained professional appraiser can provide you with will include important information above and beyond their opinion of the market value of the property they are appraising. MARKET TRENDS As everyone knows, home sales prices over the past few years were increasing rapidly!

Appraisal 354

Appraisal Market Value Legal Property Appraisal 354

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). We’ll probably trade a little over $1.2

Lending 428

Lending Home Value Mortgage Renovations 428

Appraisal Hub

NOVEMBER 30, 2023

Whether you’re considering selling your home, refinancing your mortgage, or simply looking to understand your property’s market value, a professional residential appraisal is the key. employ certified professionals who understand the nuances of the local market.

Appraisal 78

Appraisal Property Taxes Valuation Market Value 78

Housing Wire

FEBRUARY 7, 2023

The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. Independent mortgage banks (IMBs) leaning on MSR sales, however, now face a supply-demand imbalance, market observers say.

Sellers 294

Sellers Investors Valuation Finance 294

Miller Samuel

NOVEMBER 30, 2018

My friend and appraisal colleague Ryan Lundquist and I authored a petition on change.org to point out the growing wreckless behavior that is enveloping the mortgage process. There’s a proposal from the FDIC, Federal Reserve, and Treasury Department not to require appraisals for some mortgages under $400,000. Ever heard of straw buyers?

Appraisal 300

Appraisal Inspection Real Estate Agent Agents 300

Padove Appraisal Service

FEBRUARY 24, 2023

There are several reasons why someone may want to get a real estate appraisal: Buying or selling a property: If you are buying or selling a property, an appraisal can help determine its fair market value, which can be useful in negotiations and setting a listing price.

Appraisal 148

Appraisal Property Taxes Insurance Market Value 148

Appraisal Hub

AUGUST 13, 2021

It’s in the best interests of the bank, the seller, and the buyer to get an appraisal for the following reasons: The bank – Proper appraisal is critical in underwriting. If the loan is worth more than the home’s market value, the bank may find it challenging to recover their investment if the buyer defaults on their mortgage.

Appraisal 78

Appraisal Property Appraisal Market Value Sellers 78

Housing Wire

AUGUST 9, 2022

The latest non-QM player to feel the pain of the interest rate volatility afflicting the nation’s housing market this year is a Pasadena, California-based real estate investment trust called Western Asset Mortgage Capital Corp. The REIT lists the fair value of those loans, however, at about $1.19 The dreaded discount.

Marketing 371

Marketing Real Estate Mortgage Investors 371

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.

Housing Market 397

Housing Market Buyers Marketing Retail 397

Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Adjustable-Rate Mortgage (ARM). Assessed Value. Amortization.

Mortgage 69

Mortgage Insurance Sellers Inspection 69

Eppraisal

DECEMBER 20, 2022

Whether you are a home buyer or seller, the real estate transaction can sometimes be tricky to navigate. Part 1 of our next two posts will dissect the real estate transaction from the buyer's perspective. An agent who specializes in buyers, or an Accredited Buyers Representative (ABR) may be most appropriate for your transaction.

Real Estate 36

Real Estate Buyers Inspection Real Estate Agent 36

Housing Wire

MAY 18, 2021

Here’s what to expect in the mortgage application process. Buying your dream home starts with being a well-prepared buyer and beginning the mortgage application process before you even look at homes. But when inventory dropped to a third of its normal amount, everything changed. Presented by: Citi.

Real Estate 438

Real Estate Marketing Real Estate Agent Agents 438

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.

Real Estate 83

Real Estate Appraisal Marketing Market Value 83

Appraisal Hub

MAY 17, 2023

One day you’re optimistic because you met a seemingly committed buyer at the open house or showing, and the next day you’re frustrated because they changed their mind or didn’t follow through. Mistake #1: Over- or under-pricing If you price your home incorrectly, your home may become less attractive to potential buyers.

Inspection 78

Inspection Property Taxes Real Estate Agent Buyers 78

Appraisal Hub

MARCH 19, 2023

A home appraisal in Toronto is necessary when applying for a mortgage, refinancing, or selling your house. This appraisal will give you critical information to help you make informed choices and understand the true value of the asset. A property appraisal in Toronto will provide them with an accurate assessment of that home’s value.

Appraisal 78

Appraisal Property Appraisal Sellers Mortgage Appraisal 78

Appraisal Hub

DECEMBER 22, 2021

With a home appraisal, you can position yourself more confidently in the market. The purpose of a property appraisal is to determine the real market value of your home. Appraisals and valuations determine the market value of the property. The market value of properties changes over time.

Real Estate 78

Real Estate Appraisal Property Appraisal Market Value 78

Housing Wire

DECEMBER 3, 2020

Proposition 19 eliminated the ability of homeowners to transfer primary residential properties to their children or grandchildren without the property’s tax assessment resetting to market value if the property is being used as a rental house or second home. The state’s going to make a lot of money.”.

Property Taxes 320

Property Taxes Realtors Law Inventory 320

McKissock

APRIL 30, 2021

Sales due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than the property’s market value. Remember, in general, market value is defined as the most probable price a property should bring in a competitive and open market. The transaction is between the lender and the buyer.

Market Value 88

Market Value Real Estate Appraisal Sellers 88

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

AmeriMac

OCTOBER 5, 2022

If you are in the process of buying a home, getting a home appraisal of the property can help you to get the correct market value for the home so that you don’t pay too much for it. Getting a purchase appraisal while you are in the process of buying can affect both the overall cost of the house and the amount of your mortgage.

Appraisal 36

Appraisal Mortgage Market Value Sellers 36

Birmingham Appraisal

JUNE 7, 2023

Their expertise goes beyond helping buyers and sellers determine accurate market value. Determining Asset Values for Financial Reporting Enhancing Financial Accuracy with Appraisals Accurate financial reporting is essential for businesses and individuals alike.

Real Estate 63

Real Estate Appraisal Valuation Legal 63

Housing Wire

MARCH 9, 2021

. “Significant gains in home values fueled equity gains from 2019 to January 2021 for homeowners of all races,” the press release stated. ” Home prices were up 14% year over year in January, and the total combined value of homes nationwide has risen by more than $2 trillion since the COVID-19 pandemic began.

Home Value 478

Home Value Market Value Brokerage Inventory 478

DataMaster

APRIL 6, 2021

Appraising is an often misunderstood part of the refinance and mortgage process. An appraisal is an unbiased valuation of the fair market value of a home. An important key for buyers to keep in mind, appraisals are for the benefit of the lender, not just for the the buyer! I Just Don’t Get It! Conclusion.

Appraisal 158

Appraisal Appraisal Process Buyers Legal 158

East Coast Appraisal

AUGUST 11, 2022

Home Appraisal Is Only Beneficial to the Buyer. Many home sellers shy away from property appraisal because they believe the process only caters to the buyer's needs. However, property appraisal benefits both the buyer and the seller. For the buyer, a home appraisal protects them from overpaying for a property.

Real Estate 52

Real Estate Appraisal Renovations Market Value 52

Cleveland Appraisal Blog

OCTOBER 27, 2022

An impartial appraiser can give a homeowner a reliable assessment of their home’s value for mortgage or refinancing purposes. The appraiser will provide your home’s estimated market value in writing afterward. Assume the role of a potential buyer. All of our time is spent at home.

Appraisal 384

Appraisal Inspection Buyers Advertising 384

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.” Who might buy it?

Appraisal 84

Appraisal Market Value Investors Buyers 84