Simonson Real Estate

JULY 22, 2021

To help achieve the greatest return on investment, a careful selection of building materials and construction methods must be chosen and used. From an appraisal perspective, the character, quality and appearance of building construction are reflected in each of the three approaches to value.

Valuation 78

Valuation Retail Real Estate Construction 78

Housing Wire

NOVEMBER 19, 2020

Low mortgage rates fuel the demand for valuation and settlement services. October’s housing starts data from the Census Bureau revealed construction is attempting to keep up with that heightened demand as starts rose 4.9% to a seasonally adjusted annual pace of 1.53 million – the highest since this February.

Mortgage 546

Mortgage Construction Valuation Buyers 546

Housing Wire

FEBRUARY 6, 2023

The deal gave the combined company a valuation of $16.1 It also introduced a product that covers the cost of building a home, converting to a permanent mortgage once construction is complete. UWM went public in January 2022 after merging with a special purpose acquisition company (SPAC) named Gores Holdings IV.

Finance 395

Finance Valuation Construction Mortgage 395

Housing Wire

FEBRUARY 22, 2024

Balancing supply and demand is a delicate dance between new construction and existing properties. Financial risk mitigation involves diligence, data analytics, and the expertise of VRM’s licensed real estate professionals , leveraging over 40 years of valuation data through its affiliate, PCV-Murcor.

Business 391

Business Marketing Real Estate Legal 391

Clear Capital

AUGUST 30, 2021

Clear Capital , a real estate valuation and analytics fintech leader, today announced that its ClearInsight app was named “Property Valuation Tool of the Year” in the inaugural 2021 PropTech Breakthrough Awards. Company recognized for innovation in global real estate technology industry. August 30, 2021 —. Media Contact.

Valuation 74

Valuation Tools Real Estate Technology 74

DW Slater Company

FEBRUARY 13, 2024

From large, elaborate luxury homes, to industrial buildings, to large tracks of acreage, to equine facilities, to new construction and old historic homes and buildings. The number of non-appraisal valuation products on the market is concerning as so much the economy can be impacted by wrong valuations (just look back at the 2008 crisis).

Real Estate 146

Real Estate Appraisal Valuation Real Estate Agent 146

Appraisal Buzz

MARCH 2, 2022

The Collateral Risk Network is committed to working on the issues of bias and discrimination in the valuation profession in a constructive, proactive manner, with respect for all views and participants in the conversation. Regards, Collateral Risk Network, Inc.

Valuation 150

Valuation Training Real Estate Law 150

Housing Wire

APRIL 19, 2023

The sharper focus on cost is now boosting interest in modular factory-built ADUs, which tend to be less expensive and faster to build than custom onsite construction. So from the narrow perspective of short-term real estate valuation (that is, excluding potential rental income), you’re looking at 1.5x or better ROI in those markets.

Buyers 358

Buyers Real Estate Construction Finance 358

Housing Wire

JUNE 1, 2021

How hybrid title and valuations help increase lending efficiency. The tax credit would cover the difference between total development costs — including acquisition, rehabilitation, demolition and construction — and the sales price. HUD has also taken steps to craft a rule on the legal duty to Affirmatively Further Fair Housing.

Renovations 516

Renovations Development Investors Legal 516

Appraisal Buzz

MAY 18, 2022

I started at the Department of Housing & Urban Development in a temporary position in the Valuation Branch in the Minneapolis field office. They include exterior and interior inspections, new construction, as-is and as-repaired and appraisals for a variety of uses within financial institutions.

Appraisal 195

Appraisal Inspection Valuation Construction 195

Housing Wire

SEPTEMBER 19, 2023

Since the seller’s market for brokerages has passed for the moment, valuations have taken a hit. I suspect we will see more walkovers and big teams also making moves as they seek to improve their take on each transaction which creates even more uncertainty in valuations. It needs to be customized and personal.

Real Estate 404

Real Estate Brokerage Agents Business 404

Boston Appraisal

MAY 17, 2023

The person who appraises the property, the appraiser, physically inspects the property to measure it, take pictures of it, and make note of the condition and the quality of the construction. In the case of a new construction property, the appraiser may only be able to inspect a vacant plot of land; the proposed house is still not built.

Inspection 148

Inspection Construction Appraisal Valuation 148

Housing Wire

MAY 12, 2021

Instead, she is looking to buy a newly-constructed home from a large homebuilder. If she is unable to wait the six months or more it could take to finish construction, she may forgo her hard-earned government benefit altogether. But it might be a while until Williams’ client could actually stop paying rent and move into a home.

Mortgage 458

Mortgage Government Clients Construction 458

Appraisal Buzz

MAY 9, 2022

The question is raised as to what is the real problem with log home valuation and what is the problem with appraisers working in the niche log home market? The American Institute of Architects has estimated that 9% of “Custom Built” homes being constructed in the United States are of log home construction.

Valuation 396

Valuation Legal Construction Appraisal 396

Appraisal Buzz

JULY 25, 2022

I provide short and long-term consulting services related to valuation, education, review, and investigations. Buzz: What is your background in the industry? Josh Walitt: I’m the principal consultant for Walitt Solutions. Buzz: In what ways is new technology impacting the future of appraisal industry in regards to this new process?

Appraisal 360

Appraisal Inspection Training Valuation 360

Housing Wire

APRIL 20, 2021

Most sellers, if given the choice, would seldom choose a lengthy construction financing process to a cash offer on a dilapidated house. Snover said that few real estate agents suggest that buyers purchase a home with a renovation loan, sometimes because they are unfamiliar with the process — which has its complexities.

Renovations 468

Renovations Real Estate Agent Construction Buyers 468

Chicagoland Appraisal Blog

AUGUST 1, 2023

This includes the property’s physical characteristics, such as the size, type of construction, age, updates, deferred maintenance and overall condition. Cost Approach If applicable, this section estimates the cost to rebuild the property from scratch, considering factors like land value and construction costs.

Appraisal 148

Appraisal Legal Construction Appraisal Process 148

Housing Wire

APRIL 15, 2024

If sellers wait, their business valuations could remain relatively stable or come down. We can still see decent conditions in the mortgage market,” he added, noting some constructive signs from homebuilders that point to the fact that affordability is tight. Each quarter that they move forward is closer to recovery.

Mortgage 471

Mortgage Retail Buyers Investors 471

Valuation Review

OCTOBER 20, 2021

28 to boost housing production across California, complementing the governor’s $22 billion housing affordability and homelessness package and ongoing work by the state to spur more housing production, tackle barriers to construction and hold local governments accountable. Gavin Newsom signed AB Bill 948, and other bills, on Sept.

Valuation Review 78

Valuation Review Valuation Construction Government 78

Appraisal Buzz

AUGUST 9, 2021

Who even knew about desktop valuations or evaluations? California building code now allows ADUs and is mandating solar on new construction. Many, many years ago, the majority of appraisers had no idea what an AMC was. Not so long ago, there were very few appraisers that knew about property inspection waivers.

Appraisal 435

Appraisal Inspection Lending Business 435

Valuation Review

MAY 24, 2021

RCN Capital Chief Marketing Officer Erica LaCentra recently shared more with Valuation Review about whether a rise in the number of homes for sale will still fall short of the demand currently being seen.

Valuation Review 78

Valuation Review Valuation Construction Marketing 78

D Fritz Appraisals

SEPTEMBER 11, 2023

Whether you are planning to sell in the near future or not, most people want to be reassured that any major renovations they invest in will be reflected in an increased home valuation. For example, if you spend $20,000 on a renovation and the valuation of your home goes up by $20,000, that is a 100% ROI.

Renovations 119

Renovations Home Value Market Value Valuation 119

Housing Wire

FEBRUARY 8, 2022

Loans for second homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condos, co-ops or manufactured homes are not eligible. Kroll Bond Ratings Agency , in a January 2022 pre-sale report, said they gave a “broad valuation haircut” to all loan pools with appraisal waivers.

Appraisal 368

Appraisal Appraisal Process Valuation Renovations 368

McKissock

MAY 26, 2022

Because green homes are an emerging sector of the residential construction industry, there may not be many green homes in an appraiser’s geographic area, resulting in more research for the appraiser. However, this can be compensated with more time allocated to a valuation and a higher fee. Comps may be hard to come by. Did you know?

Appraisal 64

Appraisal Valuation Design Construction 64

Housing Wire

OCTOBER 20, 2020

He touted the speed with which Freddie offered liquidity to the market and embraced the use of alternative documents and signatures, and automated valuation to smooth the bumps in the road. Sweat equity, accessory dwelling unit construction and manufactured/factory-build housing were also initiatives the housing giant was pursuing.

Law 497

Law Marketing Mortgage Valuation 497

McKissock

AUGUST 17, 2021

Upcoming Webinar: Join us on Wednesday, September 8th for a 1-hour Pro-Series webinar on high-performance assets, technology, benefits, and valuation. Plus, join us on Wednesday, September 8, 2021 from 11:00am-12:00pm ET for a one-hour, non-credit Pro-Series webinar on high-performance assets, technology, benefits, and valuation.

Appraisal 98

Appraisal Valuation Technology Construction 98

McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department.

Appraisal 85

Appraisal Reconsideration of Value Valuation Real Estate 85

Valuation Review

FEBRUARY 15, 2023

HUD partners with National Institute of Building Sciences. HUD #OffsiteConstruction

Construction 60

Construction 60

The Robert Weiler Company

APRIL 12, 2023

Challenging Your New Commercial Property Value (and Tax Rate) with a Commercial Property Reassessment During the reassessment year, final property valuations are typically set by the late fall; however, many residential and commercial property owners will receive an initial tentative valuation in the mail.

Property Appraisal 148

Property Appraisal Property Taxes Real Estate Valuation 148

Town & Country Residential Appraisals

APRIL 10, 2023

Fannie Mae recently announced in their recent Selling Guide (SEL-2023-02) update that “as part of the valuation modernization” they are transitioning to a “range of options to establish a property’s market value”. Wait a minute… read that again!!! Yes- you read it correctly- “Lender-provided”. How could this go wrong?

Appraisal 57

Appraisal Final Inspection Modernization Inspection 57

DW Slater Company

JUNE 16, 2022

Another thing to watch is new construction. Builders have been trying to build new homes to meet the demand but there have been delays due to supply chain issues and cost of construction. Get an Inside Look at Tech-Enabled Valuation Solutions- Appraisal Buzz. One metric to watch is the number of building permits.

Supply Chain 159

Supply Chain Real Estate Investors Appraisal 159

Housing Wire

JUNE 29, 2021

San Diego, in particular, has seen the expansion of new construction and development into the wildlands, thus exposing a greater number of homes to the susceptibility of wildfire. But even outside of California, hurricane-prone Florida has become an increasingly popular destination for homeowners seeking sunshine and lower prices.

Home Value 236

Home Value Development Valuation Insurance 236

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Hire construction professionals you trust, and maintain oversight of the project throughout its duration. This will help you ensure that the construction staff is safe. Once you have a property and a plan, it’s time to start developing — and you’ll need a solid team to help you do so.

Real Estate 309

Real Estate Development Appraisal Contracts 309

Raleigh Realty

FEBRUARY 19, 2022

Does a Newly Constructed Home Need an Appraisal? Yes, even a newly constructed home needs an appraisal. Just because the home hasn't been lived in, doesn't mean the valuation couldn't be off. The nice thing about new construction homes is there are typically dozens of comparable properties being built by the builder.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

Housing Wire

NOVEMBER 3, 2020

COVID has contributed to the acute shortage of inventory as the pace of new construction slowed and older prospective sellers postponed listing their homes until after the pandemic. After months of severe shortages, upward pressure on home price appreciation had consumers battling it out for the limited supply, the report said.

Inventory 495

Inventory Housing Market Construction Marketing 495

Clear Capital

NOVEMBER 28, 2023

ClearCollateral® scores Valuation Accuracy Score — Understand the risk of over- or under-valuation by comparing the valuation to ClearAVM , our industry-leading, lending-grade automated valuation model. Valuation Confidence Score — This score indicates Clear Capital’s confidence in a valuation’s accuracy.

Valuation 36

Valuation Appraisal Tools Lending 36

Housing Wire

AUGUST 3, 2023

Geoff Hinton, a professor at the University of Toronto, and two students, constructed a viable neural network. Which real estate functions can AI outperform humans I asked GPT-4 about real estate valuation. However, it was deemed as too challenging technologically so it languished. It re-emerged in the AI scene in October 2012.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370