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

OCTOBER 17, 2023

That makes those homeowners susceptible to predatory behavior by some buyers operating in the pre-foreclosure marketplace, behavior that has been chronicled in several prominent, recent news stories. In nearly every case, the mortgage was never paid, leaving the homeowner with no property but a pile of debt.”

Buyers 380

Buyers Retail Market Value Real Estate Agent 380

Realtor

OCTOBER 29, 2020

When you’re a first-time home buyer approaching the finish line in the journey to your new home, you want nothing to go wrong, right? These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected.

Buyers 208

Buyers Inspection Contracts Real Estate Agent 208

Empire Appraisal Group

JULY 14, 2022

About 45% of mortgaged residential properties in the U.S. Equity rich means that the combined estimated amount of the loan balance on the home was no more than 50% of the home’s estimated market value. of mortgaged homes equity-rich), Vermont (68%), Utah (63.6%), Washington (60.9%), and Arizona (60.9%).

Sellers 78

Sellers Marketing Market Value Realtors 78

Appraisal Hub

SEPTEMBER 8, 2023

In today’s real estate market, the process of obtaining a mortgage can seem complex and daunting. One crucial step that often goes unnoticed by many prospective homeowners is the mortgage appraisal. This step is not just a formality; it plays a pivotal role in determining whether or not you get approved for a mortgage.

Appraisal 78

Appraisal Mortgage Mortgage Appraisal Market Value 78

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 427

Inspection Appraisal Buyers Appraisal Process 427

Cornerstone

OCTOBER 26, 2021

As CoreLogic’s Chief Appraiser Shawn Telford explains : “Recently, we observed buyers paying prices above listing price and higher than the market data available to appraisers can support. The more you know, the easier it is to find the right mortgage. Expect an appraisal gap if you see these market conditions.

Sellers 57

Sellers Buyers Appraisal Loan Officers 57

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 288

Sellers Investors Valuation Finance 288

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. If demand in your area is high, a seller could expect a larger deposit. If the market is cold, a seller could be happy with less than 1%.

Inspection 196

Inspection Insurance Sellers Buyers 196

Housing Wire

JANUARY 13, 2022

enters the third year of the pandemic, the 2022 housing market remains on stable ground. for the 30-year-fixed rate mortgage by year end, the rate increases may temper demand in 2022. The median age of a first-time buyer for the past three years has remained 33 years old. As the U.S. There are 23.4 Familial dynamics.

Buyers 456

Buyers Inventory Landlords Housing Market 456

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

Quicken Loans

JUNE 3, 2021

You may already be aware of iBuyers and what they have to offer prospective home buyers and sellers. But for those who want to understand what all the hoopla is about and what it entails for buyers, sellers and agents alike, here’s what you should know. markets, but they’ve been steadily expanding.

Sellers 55

Sellers Buyers Agents Real Estate Agent 55

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

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

Listing Spark

DECEMBER 9, 2020

One of the most common questions we get from our home sellers at ListingSpark is “How do I determine what my closing costs are”? For this article, we are going to focus on the home seller closing costs we would typically see in Texas with a residential sale (commercial sales typically have a different set of fees).

Sellers 69

Sellers HOA Insurance Contracts 69

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

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

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

Realtor

OCTOBER 29, 2020

When you’re a first-time home buyer approaching the finish line in the journey to your new home, you want nothing to go wrong, right? These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected.

Buyers 78

Buyers Inspection Contracts Real Estate Agent 78

Berkshire Hathaway

AUGUST 30, 2022

Setting a budget from the onset will allow you to negotiate more effectively since the property seller will understand what exactly you can afford. If you’re going for a mortgage, getting a pre-approval will strengthen your position in negotiations. Investigate the Real Estate Market. Assess the Seller’s Motivation.

Buyers 49

Buyers Legal Fees Real Estate Renovations 49

Will Springer Realtor

FEBRUARY 27, 2024

One scheme growing in popularity involves “title pirates,” fake sellers who convince a buyer, real estate agent and/or title company that the “sellers” own a property and want to get rid of it quickly. Embassy/Consulate official will review IDs when the seller is staying abroad. No response equals no sale.

Real Estate 61

Real Estate Sellers Real Estate Agent Buyers 61

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. Buyers Consultation Once you've identified an agent, set up a consultation. This step is not necessary).

Real Estate 36

Real Estate Buyers Inspection Real Estate Agent 36

Lamacchia Realty

OCTOBER 13, 2022

Sellers and their agents use comps to help determine a proper list price for a property. Closed comparable sales, also known as ‘comps,’ are used to approximate market value for residential properties. Comps in the Post-COVID Market. The market dynamics are changing quickly and drastically in this post-COVID world.

Marketing 67

Marketing Sellers Buyers Market Value 67

Lamacchia Realty

JUNE 20, 2023

Real Estate Transfer Tax Defined To break the term down further, real estate transfer taxes, (also referred to as a deed transfer tax, stamp tax, or conveyance tax) is a one-time fee paid to the city, county, or state when ownership transfers from the sellers to the new owner of the property. Who Pays the Real Estate Transfer Tax?

Real Estate 61

Real Estate Sellers Buyers Market Value 61

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

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

Assurance Financial

DECEMBER 20, 2021

There are many factors to consider when selling a home, and you may be wondering what happens to your mortgage when you move. After all, the 2018 American Community Survey found that the median length of time homeowners stayed in their homes was 13 years, a shorter length of time than most mortgage terms.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Boston Appraisal

NOVEMBER 6, 2020

As of the end of October 2020, interest rates on a 30-year refinance mortgage were averaging around 3.2%. The primary reason appraisals differ is because, in reality, real estate appraisals are designed to provide a range of value rather than one set price. All the reasonable purchase offers created a range of value.

Appraisal 148

Appraisal Market Value Real Estate Sellers 148

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

Lamacchia Realty

SEPTEMBER 18, 2021

1) Inventory will be at its peak The frenzied market that has all but consumed inventory has started to calm down just enough to make this more of a buyer’s market than we’ve seen since 2019. But over-zealous sellers with overpriced homes on the market that are lingering longer than before are boosting inventory.

Inventory 69

Inventory Sellers Buyers Market Value 69

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

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

Listing Spark

JULY 6, 2021

When taking an objective looks at how “We Buy Ugly Houses” works, its apparent there are some well-defined upsides for home-sellers, as well as some significant downsides. There can be a variety of reasons why you would choose to sell your house for cash and work with a buyer like We Buy Ugly Houses. Flexible Move-Out. No Commissions.

Sellers 36

Sellers Contracts Investors Real Estate 36

Cleveland Appraisal Blog

JANUARY 5, 2023

Even before the pandemic’s incredible surge in housing demand, the market in Northeast Ohio was skating along nicely. However, the markets have hit an abrupt slow down, or might I say, cool down, kind of like this ice skater experienced. The next few months will really be telling about what’s happening in our market.

Housing Market 369

Housing Market Marketing Appraisal Inventory 369

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

Town & Country Residential Appraisals

NOVEMBER 14, 2022

Appraisals are a report that indicates an opinion of market value for a property. There is a place in real estate valuation for forecasting, but when completing appraisals for mortgage lending, divorce, estates, bankruptcy and listing work, we look at the sales and trends leading up to our effective date.

Market Value 49

Market Value Sellers Buyers Appraisal 49