Will Springer Realtor

SEPTEMBER 12, 2023

The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. Investors of mortgage-backed securities guide that rate discussion and they can be influenced by the overall financing world.)

Finance 68

Finance Inventory Construction Buyers 68

Eyes on Housing

MAY 31, 2021

Builders and developers responding to NAHB’s Survey on Acquisition, Development & Construction (AD&C) Financing continued to report declining interest rates in the first quarter of 2021.

Development 135

Development Construction Contracts Finance 135

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. There is just not much out there to buy.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Eyes on Housing

FEBRUARY 17, 2022

In the fourth quarter of 2021, effective interest rates decreased on all four categories of loans tracked in NAHB’s Survey on Acquisition, Development & Construction (AD&C) financing. Read More ›

Development 158

Development Construction Contracts Finance 158

Raleigh Realty

AUGUST 3, 2021

If you are planning on financing your purchase with a loan, you'll want to be pre-approved. Once you've determined your financing, you can calculate your budget. It is also important to show the banks a strong development plan so that they feel like they are minimizing risk. Raw land can be very expensive to develop.

Real Estate Agent 148

Real Estate Agent Development Construction Real Estate 148

Will Springer Realtor

JULY 12, 2023

Seattle leads the nation in construction cranes. Multi-family construction is still moving forward but most of the residential buildings will become apartments. This may help lower monthly rents but the overall construction industry continues to face challenges. All projects start with financing.

Supply Chain 28

Supply Chain Construction Law Development 28

Simonson Real Estate

JULY 10, 2020

Appraisers assemble a series of facts, statistics, and other information regarding specific properties, analyze this data and develop opinions of value. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Value Scenarios.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

The Robert Weiler Company

SEPTEMBER 9, 2022

Research Land Buying Financing Options. If you need to finance your land purchase with a loan, have a financing plan ready, before submitting an offer. Hiring a real estate lawyer to review all contracts first is best. Another loan option for buying land is a land contract. Property Lines. Zoning Requirements.

Real Estate 78

Real Estate Buyers Contracts Development 78

Raleigh Realty

FEBRUARY 19, 2022

The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract. It's one of the final steps after going under contract. In fact, if you have liquid funds, and thus aren't financing your home purchase through a lender, you don't need to have the home appraised.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

Eppraisal

DECEMBER 5, 2023

You also have a say in every architectural choice, from the floor plans to the materials builders will use in construction. Generally, the process includes a preliminary phase — which involves signing contracts for the architectural design and site plans — and pre-construction, where the project gets approval.

Architecture 36

Architecture Construction Inspection Design 36

Eppraisal

MARCH 28, 2023

That question centers around whether they prefer new construction to a pre-existing house that has had previous occupants. Advantages and Disadvantages of New Construction According to Realtor.com, one-third of all homes on the market are new, i.e. recently built with no previous inhabitants. Drawbacks exist alongside benefits.

Construction 36

Construction Inspection Property Taxes Home Value 36

Appraisal Today

APRIL 5, 2024

Significant developments have occurred in the case. The second development in the case is that on March 22, 2024, the attorneys for Drs. With shifts in existing and pending home sales, new home sales, construction activity, and economic indicators such as inflation and mortgage rates, appraisers are navigating a complex landscape.

Appraisal 77

Appraisal Contracts Business Construction 77

Housing Wire

JANUARY 13, 2023

That market contraction, along with a more difficult inflationary operating environment for property owners and businesses generally, is also expected to be a drag on the potential volume of loan originations secured by single-family rental properties. by the end of 2023,” the MBA’s December market-forecast report states.

Marketing 409

Marketing Investing Investors Landlords 409

Dart Appraisal

APRIL 30, 2021

Engagement letters are traditionally used by certain professional service firms, particularly in finance, accounting, law, real estate appraisal, and consulting, to define the specifics of the business relationship, or in the case of an appraisal – the assignment expectations. What is interest in the property to be valued? .

Contracts 69

Contracts Appraisal Tips Appraisal Clients 69

The Robert Weiler Company

SEPTEMBER 7, 2022

Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. More housing developments are needed, leaving the door open for developers and investors to fill the gap. New development projects also remain strong.

Marketing 78

Marketing Real Estate Investing Retail 78

Will Springer Realtor

APRIL 14, 2023

After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

Contracts 36

Contracts Buyers Housing Market Design 36

McKissock

JANUARY 6, 2023

The top five non-QM lending companies (according to Scotsman Guide) are Fairway Independent, Angle Oak lending, Guaranteed Rate, CoreVest Finance, and Acra Lending. These may be full-time jobs or contracted services. You should also consider non-QM lenders (non-qualified mortgage lenders).

Appraisal 74

Appraisal Training Lending Land Management 74

Portland Appraisal Blog

DECEMBER 1, 2019

The data export was checked, validated, and scrubbed of obvious errors using custom tools developed by the author. Approximately 3% of sales in the neighborhood were new constructions. Finally, the “CtL” label stands for “contract-to-list” ratio. Data was pulled from the year 2000 to the present date.

Contracts 78

Contracts Advertising Construction Marketing 78

Portland Appraisal Blog

AUGUST 11, 2019

The data export was checked, validated, and scrubbed of obvious errors using custom tools developed by the author. Approximately 6% of sales in the neighborhood were new constructions. Finally, the “CtL” label stands for “contract-to-list” ratio. Data was pulled from the year 2000 to the present date.

Contracts 78

Contracts Advertising Construction Marketing 78

Will Springer Realtor

JUNE 13, 2023

Higher mortgage rates make monthly financing payments more expensive – not to mention more frustrating – and can often push homeownership further out of reach for younger buyers. Supply of resale housing (as opposed to new construction) is shrinking across our region. were in various stages of construction. There are 1.3

Buyers 36

Buyers Inventory Construction Finance 36

McKissock

MAY 10, 2023

Or you were a home inspector and/or are familiar with construction, major components, and mechanicals. Traut recommends considering other entry-level and contracting jobs, such as completing quality-control reviews or managing appraisal orders for a bank or an AMC. That’s our number one priority, and everyone forgets it.

Real Estate 86

Real Estate Appraisal Training Business 86

Will Springer Realtor

JULY 13, 2023

Our urban area accounts for about half of the city’s economic activity, and the Seattle Chamber noted that rising office vacancies coupled with less construction could lead to $2B in decreased revenue. Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

Construction 36

Construction Supply Chain Real Estate Development 36

Will Springer Realtor

MAY 13, 2024

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. Homes considered “affordable” tend to be at or below 80% of median family income levels and only 23,877 units have been constructed across the state since 2020 – about 3.3K

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

JANUARY 11, 2023

Homes going under contract (Pending sales) dropped 25% from the previous month and 30% year-on-year (YoY) – staggering drop-offs. The construction crane was recently removed from the 8 th Avenue and Columbia Street location and interiors are being filled out with high-quality finishes.

Housing Market 36

Housing Market Contracts Architecture Buyers 36

Housing Wire

FEBRUARY 26, 2024

It’s not the safest business model either because builders take a contract to buy a home and then, from start to finish, hope that mortgage rates don’t jump on the buyer by the time the home is ready. Census Bureau and the Department of Housing and Urban Development. months , the builders will pause construction. Why so low?

Construction 526

Construction Business Contracts Marketing 526

Appraisal Today

OCTOBER 20, 2023

Note: This update does not apply to newly constructed manufactured homes because these items must be present on all new units. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.70 The average contract interest rate for 5/1 ARMs increased to 6.52

Appraisal 72

Appraisal Design Contracts Inspection 72

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. It’s fair to say that 2022 has been a depressing year for homebuilders.

Supply Chain 371

Supply Chain Construction Inventory Finance 371

Raleigh Realty

MARCH 25, 2021

Do you prefer buying new construction or an existing home? Find out what you're comfortable with in terms of financing and stick to it. Your mortgage lender will go over with you the best options for financing your luxury home. An hour later the home was under contract before we could go to see it.

Real Estate 158

Real Estate Realtors Real Estate Agent Buyers 158

Birmingham Appraisal

APRIL 11, 2023

If agents can use the same techniques an appraiser uses the likelihood of there being a big discrepancy between the contract price and appraisal is reduced. 7) Don’t use new construction sales to price an older home- As you would expect, new construction sales typically sell for more than older homes when everything else is equal.

Realtors 85

Realtors Bracketing Agents Buyers 85

Housing Wire

MARCH 27, 2023

The ongoing banking instability may affect the availability of jumbo mortgages and residential construction loans due to the high concentration of those originations stemming from small and mid-sized banks, Fannie Mae’s Economic and Strategic Research (ESR) Group said. contraction. While single-family housing starts rose 1.1%

Construction 356

Construction Lending Finance Mortgage 356

Housing Wire

JULY 6, 2023

Horton also announced the acquisition of 156 lots and control of around 400 lots through option contracts from Truland affiliates, as well as 201 lots and control of approximately 260 lots through option contracts from third parties. We look forward to continuing as a key lot development partner for D.R. ” D.R.

Contracts 369

Contracts Development Insurance Construction 369

Appraisal Today

NOVEMBER 3, 2023

The Office of Inspector General found in a recent audit that the Federal Housing Finance Agency did not adequately document desktop appraisal reports. Definitive numbers are difficult to come by since the Department of Housing and Urban Development (HUD) has failed to respond to public record requests on this question. Between Oct.

Appraisal 77

Appraisal Contracts Architecture Mortgage 77

Will Springer Realtor

APRIL 6, 2021

A buyer’s choices for financing of a condo, however, can be, well , complicated. In Seattle, getting a mortgage on a home at Madison Tower is different than, say, Insignia Towers, and just as it’s different when buying new construction at KODA (opening soon) versus Nexus (open for more than a year now). Additional rules apply.

HOA 36

HOA Mortgage Buyers Insurance 36

Portland Appraisal Blog

JULY 27, 2019

The data export was checked, validated, and scrubbed of obvious errors using custom tools developed by the author. There has been relatively little new construction in the neighborhood with ~5.8% Finally, the “CtL” label stands for “contract-to-list” ratio. Data was pulled from the year 2000 to the present date.

Contracts 78

Contracts Advertising Marketing Appraisal 78

Property Metrics

AUGUST 13, 2020

Changes to bank regulations could influence the cost of borrowing and ease of obtaining financing for a property owner. Even if changes to laws and regulations do not directly impact real estate, they may indirectly impact property investment through financing or business cash flows. Construction Risk. Location Risk.

Real Estate 53

Real Estate Tenants Investing Construction 53

Will Springer Realtor

DECEMBER 14, 2021

Since this time last year, rising rates have pushed the average mortgage payment up $160 a month but, historically, the cost of financing is quite low. New construction across King is projected to decline a surprising 11% in dollar terms in 2022. Seattle Development. mortgage rates sound? established at the start of 2021.

Real Estate 69

Real Estate Buyers Construction Sellers 69