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9 tips for homebuyers in non-disclosure states

Housing Wire

For many, buying a home is a complex process, and navigating the real estate market’s rules and regulations can be tricky, especially in states where property sale prices remain a secret. Without sales figures, it’s difficult to access comparable sales, and home buyers may find it challenging to gauge the fair market value of a property.

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Lenders: Looking to simplify closings? Work with an insurance agency

Housing Wire

While some elements of PITI are set, others offer buyers opportunity. An affordable home insurance policy not only means lower monthly payments, but also improved debt-to-income ratio and more money to put towards home improvements, property taxes or closing costs. Take insurance, for example.

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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

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.

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Do Appraisal Gap Clauses Impact Appraisals?

Cleveland Appraisal Blog

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. But not always. Okay, maybe not.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

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. Renovation loan assessments.

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10 Types of Non-Lending Appraisal Work to Pursue this Year

McKissock

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. ” “Tax consulting, specifically income tax. In fast markets, listings that linger sell below market. Also specializing in divorce appraisals.”

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Why Do Home Appraisals Cost so Much?

AmeriMac

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. An appraisal is a vital component of the home buying process and is necessary for the lender and buyer. The results of appraisals help determine the fee a mortgage lender will allow buyers to borrow.