Lamacchia Realty

FEBRUARY 21, 2023

“The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. What exactly is a Zestimate? via Zillow.com Are Zestimate’s Worth Looking At?

Real Estate Agent 73

Real Estate Agent Real Estate Sellers Realtors 73

Eppraisal

OCTOBER 31, 2023

   Property Valuation Your home value is the primary determiner of your asking price. Unless you’re desperate to sell and willing to accept less than what you still owe on your mortgage, price your house based on what these sources say it should be worth. Pay attention to rental inventory, too.

Marketing 69

Marketing Real Estate Agent Real Estate Valuation 69

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

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. Often times, agents will specialize in working with those looking to either buy or sell.

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Real Estate Buyers Inspection Real Estate Agent 36

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. Therefore, the final price may not reflect the market value of the property.

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Appraisal Real Estate Real Estate Agent Contracts 76

Housing Wire

MAY 26, 2023

In a vacant lot or seller impersonation scam, public records are searched to identify real estate that is free of mortgage or other liens, as well as the identity of the property owner. Then, posing as the property owner, the scammer contacts a real estate agent to list the property.

Sellers 363

Sellers Real Estate Realtors Real Estate Agent 363

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. The other party has no obligation to respond to you, but your real estate agent can reach out to learn their motivation for declining your proposal.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Quicken Loans

JUNE 3, 2021

The most successful realtors and agents are finding ways to incorporate technology into their practices to increase their efficiency and draw in more clients, but the rising popularity of iBuying platforms has led to a whole new wave of trepidation. iBuyers are real estate companies that buy and sell properties through technology.

Sellers 55

Sellers Buyers Agents Real Estate Agent 55

Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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Agents Appraisal Real Estate Agent Bracketing 87

AmeriMac

DECEMBER 30, 2023

Whether you’re a first-time homebuyer or a seasoned seller, this guide will provide you with all the information you need to make informed decisions during real estate transactions involving REO appraisals. Accurate appraisals are vital for facilitating smooth real estate transactions.

Real Estate 36

Real Estate Appraisal Inspection Appraisal Process 36

Eppraisal

SEPTEMBER 8, 2023

While AVMs can be a useful tool for getting a ballpark estimate of a property's value, they have limitations and may not always provide a precise estimate of the property's true market value. "Consumer They will provide advice on staging your home, marketing it to potential buyers, negotiating offers, and more.

Real Estate Agent 36

Real Estate Agent Inspection Real Estate Agents 36

McKissock

OCTOBER 3, 2021

As a wholesaler, you need to find a property for sale, acquire a contract from the seller, identify a buyer, and assign the contract to him or her. The only costs you have to cover are those for finding a property for sale and for marketing the property to interested buyers.

Investing 87

Investing Real Estate Real Estate Agent Realtors 87

Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Other users might be sellers, mortgage underwriting, banks, and contractors.

Appraisal 91

Appraisal Inspection Appraisal Process Real Estate Agent 91

Realtor

MARCH 7, 2023

The main criterion is that the home’s market value may not exceed the USDA’s applicable area loan limit. While this is an additional expense, it can be worth it to be aware of any potential issues ahead of time that might keep the buyer’s USDA loan from going through.

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Inspection Appraisal Market Value Finance 111

Raleigh Realty

AUGUST 27, 2021

Here's everything you need to know about buying a home Whether you are a first-time home buyer or a seasoned veteran of the housing market, buying a house is no small undertaking. There is nothing worse for a buyer than starting to look at homes online, falling in love with a few, then realizing that they are not in your budget.

Real Estate Agent 78

Real Estate Agent HOA Real Estate Agents 78

Realtor

AUGUST 1, 2018

An FHA loan—which allows the buyer to put down as little as 3.5%—sounded But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan. sounded like a dream come true. ” I asked.

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Inspection Insurance Buyers Renovations 136

Padove Appraisal Service

OCTOBER 21, 2017

The real estate agent you are working with tells you the house is 2,200 square feet. A real estate agent’s job is to market homes. A real estate agent’s job is to market homes. They report square footage to potential buyers as a means of communicating its usable space.

Real Estate Agent 78

Real Estate Agent Real Estate Property Taxes Agents 78

Birmingham Appraisal

FEBRUARY 8, 2023

For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes. In the quest to provide faster and cheaper alternatives to banks and mortgage companies, Fannie Mae has developed alternative appraisal products for their customers.

Realtors 78

Realtors Appraisal Market Value Real Estate Agent 78

Quicken Loans

JUNE 8, 2021

Looking to buy a new home but worried you won’t be able to afford the monthly mortgage payment that comes with it? Lenders can foreclose on a home when homeowners stop making their regular monthly mortgage payments, meaning that they take over ownership of that residence. Purchasing a foreclosed home might be the solution.

Real Estate Agent 72

Real Estate Agent Inspection Government Real Estate 72

AmeriMac

JANUARY 19, 2021

A low appraisal can cause the cancellation of sales contracts because a lender won’t approve mortgages higher than a home’s value. However, the buyer or anyone paying for the appraisal can request a copy of it. Now, if you’re refinancing your house, you’ll want the appraisal to be as high as possible.

Appraisal 36

Appraisal Real Estate Agent Market Value Real Estate 36

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 fact, some real estate agents would also benefit from a reminder about their respective roles. What is a Real Estate Appraisal?

Inspection 52

Inspection Appraisal Buyers Sellers 52

Zillow

JULY 15, 2019

Buyers market : Market conditions that exist when homes for sale outnumber buyers. Homes sit on the market a long time, and prices drop. Cancellation of escrow : A situation in which a buyer backs out of a home purchase. Capacity : The amount of money a home buyer can afford to borrow.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

PennyMac

OCTOBER 10, 2023

Appraisals are an essential part of the home financing process, ensuring the homebuyer, seller and mortgage lender each have an impartial, consistent and accurate assessment of the value of the property under consideration. The lender is responsible for ensuring that your home provides adequate collateral for the mortgage.

Appraisal 69

Appraisal Real Estate Agent Renovations Home Value 69

Will Springer Realtor

OCTOBER 19, 2021

The home is under contact, seller and buyer have agreed to terms. Buyer is financing the purchase through a mortgage lender and the underwriter wishes to confirm the value of the home before issuing the loan. (No No lender will approve a mortgage on a home that is valued less than the agreed sales price.).

Contracts 41

Contracts Appraisal Sellers Real Estate Agent 41

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. Estate settlements.

Appraisal 105

Appraisal Inspection Property Taxes Easement 105

Appraisal Today

JANUARY 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. An example of this in real estate appraisal is the purchase and sale contract. In and of itself, it is not market value.

Appraisal 73

Appraisal Contracts Real Estate Architecture 73

Birmingham Appraisal

SEPTEMBER 28, 2022

As a buyer, seller, or real estate agent involved in a sales transaction it’s important to be aware of changes in how things are done that may affect you. The data collection is done by a third-party data collector, who could be a real estate agent or someone else. What Is A Hybrid Appraisal?

Appraisal 59

Appraisal Property Inspector Training Real Estate Agent 59

Realtor

AUGUST 1, 2018

An FHA loan—which allows the buyer to put down as little as 3.5%—sounded But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan. sounded like a dream come true. ” I asked.

Inspection 78

Inspection Insurance Buyers Renovations 78

D Fritz Appraisals

SEPTEMBER 19, 2019

A home or house appraisal is a third-party report written by a professional appraiser who visits the property and does market research to analyze how much the house is worth in today’s market. An appraisal report informs homeowners, home buyers, and mortgage lenders on the market value of the home.

Home Value 78

Home Value Appraisal Real Estate Agent Tools 78

Genworth MI Blog

JULY 13, 2023

On the other hand, they’re important for buyers because they may identify physical concerns that either require more qualified inspections or repair and confirm that they are paying the fair market value. They could be a licensed appraiser and an authorized real estate agent, two appraisers, etc.

Appraisal 78

Appraisal Inspection HOA Real Estate 78

Realtor

MAY 10, 2018

If one sibling wants to keep the home, he or she can buy the others out for their share of the home’s fair market value. Still, a partition by sale is hardly ideal, since you could have sold the house at market rate and made a whole lot more! What to do if one sibling refuses to sell.

Real Estate Agent 85

Real Estate Agent Renovations Real Estate Agents 85

AmeriMac

SEPTEMBER 15, 2023

Understanding the Importance of Appraisal in Real Estate Appraisal plays a crucial role in the real estate industry, determining the market value of a property. Mortgage lenders rely on appraisals to assess the value of a property for financing purposes.

Appraisal 36

Appraisal Appraisal Process Real Estate Real Estate Agent 36

D Fritz Appraisals

MARCH 16, 2021

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. If you want to refinance, sell, or buy, the appraisal provides mortgage lenders with straight facts so they can underwrite loans based on the purchase price or the appraisal (whichever is lower.)

Appraisal 126

Appraisal HOA Easement Valuation 126

Realtor

MAY 10, 2018

If one sibling wants to keep the home, he or she can buy the others out for their share of the home’s fair market value. Still, a partition by sale is hardly ideal, since you could have sold the house at market rate and made a whole lot more! What to do if one sibling refuses to sell.

Real Estate Agent 78

Real Estate Agent Renovations Real Estate Agents 78

McKissock

FEBRUARY 21, 2021

Primarily, the issues revolve around the following aspects: Financial and legal responsibilities : This financial responsibility primarily includes things like any debt obligations like a mortgage, that may be attached to the inherited property. You can go the For Sale By Owner route or you can get a real estate agent to do it for you. .

Real Estate Agent 56

Real Estate Agent Property Taxes Real Estate Legal 56

AmeriMac

JULY 15, 2021

This dramatic increase in value affects home appraisals, which is good news for both buyers and sellers. Neighborhood sales of comparable homes, known as “comps” in the real estate industry, is a key component used to figure fair market value of a property.

Appraisal 36

Appraisal Sellers Real Estate Buyers 36

Appraisal Today

OCTOBER 20, 2023

NOTE: Please scroll down to read the other topics in this long blog post Modular Homes Data Plates, ADU income, Pickleball courts and other interesting home improvements, , unusual homes, mortgage origination and more! Not all non-lender appraisals require a long time marketing to real estate agents.

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Appraisal Design Contracts Inspection 71