Genworth MI Blog

AUGUST 31, 2022

Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?

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Inspection Appraisal Marketing Appraisal Process 78

Housing Wire

AUGUST 31, 2022

Data entry is a separate function and can be completed with client staff or offshore partners. Quality inspection after data entry can be customized to account for new employees or experts with low error rates. Clients using PerfectDocs tend to take advantage of the hybrid model, which allows them to share the working environment.

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Clients Inspection Technology Contracts 307

McKissock

JUNE 21, 2021

Contracts fall through. Inspections and appraisals come back with deal-breaking news. When those things happen, it will be up to you to deliver the bad news honestly and openly, without destroying your clients’ confidence in you or the whole process. Follow these tips to break bad news to real clients. Bad things happen.

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Clients Real Estate Contracts Business 98

Housing Wire

DECEMBER 8, 2023

Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours. Course includes contracts used in real estate transactions with samples and practical contract completion exercises.

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Real Estate Contracts Law Real Estate Agent 333

Appraisal Buzz

JUNE 6, 2022

But the other problem is that it undercuts the contract you’re entering when you agree to perform the appraisal. How many times have you had a client try to move the goalpost on you? “Oh That contract or agreement you make when you accept a job is critical. It’s not the client’s job to understand this – that’s our job.

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Appraisal Clients Appraisal Process Inspection 221

Appraiserblogs

JANUARY 24, 2023

The lender allowed an unlicensed property data collector give bad data to the appraiser… I work for this lender and they will not let my trainee inspect. I recently took on a measure job for a client who was questioning the square footage of their home. The owners are now underwater by more than $100,000… I’m sad and I’m mad!

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Inspection Training Contracts Valuation 147

Realtor

JULY 13, 2021

The provisions of a contingency contract are there to protect buyers and sellers. Home inspection. A home inspection is the foundation on which all other real estate contingencies are built. In the inspection, a neutral expert assesses the home for roofing, plumbing, structural, electrical, and other major problems.

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Inspection Real Estate Agent Real Estate Buyers 203

Will Springer Realtor

MARCH 1, 2022

A home inspection is almost always the best route to take before purchasing a property. In a competitive market, however, buyers recognize that submitting an offer with a request to conduct a traditional inspection can hurt their chances of winning a bidding war. This is the best option when a traditional inspection is not viable.

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Inspection Buyers Sellers Real Estate 36

Housing Wire

APRIL 13, 2021

Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap. Richardson also noted that there have been fewer property inspection waivers issued by Fannie Mae in the last several months, keeping appraisers, inspectors and others in valuation very busy.

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Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

OCTOBER 1, 2022

Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. There had been nearly one-third of buyers who waived an inspection or appraisal contingency, but the last month it fell to just over 20% for both.

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Realtors Housing Market Marketing Buyers 383

McKissock

JULY 26, 2022

Here are some tips on how to make the real estate transaction process as smooth as possible for you and your buyer clients. Timeliness and types of inspections. Regardless of the strengths and weaknesses of the competing offers, the seller can only negotiate one offer at a time until there is a binding contract. Making an offer.

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Real Estate Counter Offer Buyers Inspection 81

McKissock

JANUARY 31, 2023

” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical. .” ” “That we research value, we do not assign it.”

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Real Estate Agent Real Estate Agents Appraisal 97

Birmingham Appraisal

AUGUST 23, 2023

When real estate agents and appraisers work together seamlessly, clients benefit from well-informed decisions, transactions become smoother, and professional relationships are strengthened. A mutually respectful partnership ensures that each of their clients receives informed advice, leading to confident decisions.

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Agents Appraisal Valuation Appraisal Process 82

Birmingham Appraisal

SEPTEMBER 15, 2022

You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection. As a new homeowner, you might be confused about the differences between an appraisal and a home inspection. Home inspections are normally regulated by the state.

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Appraisal Inspection Appraisal Process Real Estate Agent 90

McKissock

APRIL 28, 2021

One big reason clients choose to work with you is that they know you can help guide them through the buying process. It’s easy for clients to get caught up on small details that weren’t their focus at the beginning. Add a home inspection contingency clause to the contract as well for further peace of mind. .

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Real Estate Agent Real Estate Buyers Agents 87

Birmingham Appraisal

JUNE 13, 2023

I believe that appraisers and agents have a common goal: to help their clients buy or sell a home. If you choose not to be at the property during the appraisal inspection let the appraiser know you are available to answer any questions they may have.

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Real Estate Agent Real Estate Agents Reconsideration of Value 78

CA Realty Training

JULY 20, 2021

But, dealing with contracts and disclosures comes with the territory when you’re in escrow. When you’re an agent, you represent your clients. The escrow company is responsible for ensuring that every stipulation of the contract is met. A transaction coordinator’s goal is to handle contracts and disclosures.

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Real Estate Agent Contracts Agents Real Estate 69

Appraisal Today

SEPTEMBER 22, 2023

To me, the big issue is who is doing the inspections. An AMC can offer different levels to their clients, depending on how much reliability their lender customers want or need. Most of the inspection training we receive as appraisers happens in the field. Inspection training was very good. Read the full report.

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Appraisal Training Inspection Real Estate 87

Birmingham Appraisal

JUNE 21, 2023

Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals. Appraisals provide an objective assessment of a property’s value, helping agents and clients establish a realistic and competitive listing price.

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Real Estate Agent Real Estate Agents Appraisal 75

GoForrmz

FEBRUARY 29, 2024

The repair, inspection, and maintenance industries have seen recent drastic changes as a result of technological advancement In the unprecedented wake of the last few years, the repair, inspection, and maintenance industries faced significant challenges.

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Inspection Technology Contracts Real Estate 78

McKissock

JULY 19, 2022

Hasty changes to terms and conditions of the housing contract. Sellers are often on a time crunch to get properties locked into a contract, which leaves little time to properly deal with the unexpected. Looks can be deceiving, so be sure to ask for the paperwork showing that routine inspections have been performed.

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Real Estate Real Estate Agent Sellers Agents 98

Boston Appraisal

DECEMBER 11, 2023

For example, you can provide a copy of the sales contract, a list of recent improvements and their costs, a survey or plat map, a floor plan, deeds, a title report, or a homeowner association’s agreement. You can also point out any unique or relevant features of the property, such as a view, a pool, a fireplace, or a solar panel system.

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Appraisal Process Real Estate Appraisal Easement 78

Raleigh Realty

MARCH 23, 2021

One last story and then we will dive in: One of my clients was told by three agents to list his home for $395,000 - Raleigh Realty advised we list for $400,000. That is a $35,000 swing for my client who asked if he could give us a bonus. What Real Estate Contract do I Use When Selling For Sale By Owner?

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Real Estate Agent Real Estate Realtors Contracts 133

CA Realty Training

SEPTEMBER 6, 2021

We will discuss the three contingencies that you’ll see, which are appraisal, inspection, and loan. So, the buyer will pay for an appraiser to inspect and write a report on the home’s value. What is an Inspection Contingency? A general inspection contingency is to understand the home’s structural integrity.

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Real Estate Agents Inspection Real Estate Agent 56

Appraisal Today

JANUARY 5, 2024

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. – Work on getting a more positive attitude toward your clients, fees, etc. Pick one client to start with. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.76

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Appraisal Contracts Legal Business 76

Appraisal Today

MARCH 31, 2023

First, “third party” inspections. And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. Secondly, the 3rd party inspection is sent to a licensed appraiser. But how do you contact potential clients and referral sources? This is nothing new.

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Appraisal Contracts Inspection Clients 52

Appraisal Today

NOVEMBER 4, 2022

Our office updates AMCs on every scheduling attempt with details, every inspection appointment set and completion, and any materials needed ASAP in the assignment. Appraisers tend to get annoyed with constant emails from the AMC about inspection date, completion, report submission, etc. Property inspection date. Effective date.

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Reconsideration of Value Appraisal Inspection Advertising 52

The Robert Weiler Company

MARCH 29, 2023

With regularly scheduled inspections, potential issues are discovered early on before it turns into an emergency. Also, you can sometimes obtain maintenance services at a discounted rate when the work is contracted through the property management company. Do you have a preferred method of communication with clients?

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Property Management Tenants Real Estate Investors 78

McKissock

JANUARY 6, 2023

An assessor may contract with an independent fee appraiser to help identify property characteristics, measure properties, confirm the building’s condition and quality of construction, or review assessment disputes from taxpayers. These may be full-time jobs or contracted services.

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Appraisal Training Lending Land Management 74

Birmingham Appraisal

FEBRUARY 20, 2024

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. It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what.

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Agents Appraisal Real Estate Agent Bracketing 86

Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money. What Happens to the Earnest Money if the Contract is Canceled?

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Contracts Real Estate Agent Sellers Real Estate 36

McKissock

JANUARY 18, 2022

They are honest about what the client can afford, and they are willing to go to bat for them. Mariko Baerg, a real estate agent at the Bridgewell Real Estate Group writes in their guide for homebuyers that the role of an agent would be to help her clients avoid potential pitfalls. Download for free here. Avoid Pitfalls.

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Real Estate Agent Real Estate Agents Buyers 96

Eppraisal

NOVEMBER 12, 2021

Your buyer's mortgage lender is the appraiser's client so your buyer's bank or mortgage company orders the appraisal. That's why neither you nor your buyer is the appraiser's client. Your real estate agent or attorney could find out if your home appraised for at least the price on the contract. Who Orders the Appraisal?

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Appraisal Real Estate Agent Real Estate Buyers 36

Lamacchia Realty

MAY 18, 2021

Real estate agents are trained and experienced at negotiating for the client to get the most out of each transaction and to ensure each step of the process is done with great attention to detail. This means negotiating the terms of contracts, closing costs, home inspections, and so much more.

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Real Estate Agent Real Estate Agents Realty 59

Rowe Appraisal Group

MAY 6, 2020

Often before a property is purchased using a loan from a mortgage company, it must be appraised and inspected. Many homeowners confuse the appraisal inspection and the home inspection and ask me what the difference is. Here are some of the main ways that appraisals and home inspections are different and also overlap.

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Appraisal Inspection Buyers Contracts 36

Rowe Appraisal Group

MAY 6, 2020

Often before a property is purchased using a loan from a mortgage company, it must be appraised and inspected. Many homeowners confuse the appraisal inspection and the home inspection and ask me what the difference is. Here are some of the main ways that appraisals and home inspections are different and also overlap.

Appraisal 36

Appraisal Inspection Buyers Contracts 36

Will Springer Realtor

JULY 20, 2021

There was a time not too long ago when almost all residential real estate transactions required face-to-face customer interaction with a real estate agent/broker and ancillary services such as title, escrow, mortgage and home inspection. What’s a Rolodex?! Concerned the hot-water heater may be on its last leg? and “Was it fair?”.

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Real Estate Sellers Contracts Buyers 36