Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. The type and range of information you have to provide in the seller’s property disclosure will, of course, depend on the legal regulations of the state where you have the property.

Renovations 221

Renovations Buyers Appraisal Investing 221

The Robert Weiler Company

AUGUST 30, 2023

For commercial real estate investors, it may seem like a no-brainer. By March, you’ve already closed out another year of property investments and finances, and it is time to start fresh. Once you’re past tax season, you’ll have a better understanding of your finances, too. Get ahead of the curve!

Real Estate 78

Real Estate Investors Brokerage Property Management 78

Housing Wire

JANUARY 27, 2022

You just need to find a particular investor that agrees with that and is willing to pay a little bit extra,” Landy said. “So, The cash window works well for lenders who have not set up the backroom operations to deal with swap transactions and the sale of those securities to investors. You have to get a different kind of contract.

Mortgage 370

Mortgage Investors Finance Contracts 370

The Robert Weiler Company

SEPTEMBER 9, 2022

Land investors choose land to buy in Ohio for many reasons. 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. Does Land Appreciate in Value?

Real Estate 78

Real Estate Buyers Contracts Development 78

Eppraisal

JULY 21, 2023

However, with the constantly shifting dynamics of the housing market and the advent of alternative financing options, it begs the question: Is rent-to-own still a thing in real estate? Let's examine the current status of rent-to-own agreements and explore whether they remain a viable option for both buyers and sellers.

Real Estate 36

Real Estate Sellers Investors Finance 36

Listing Spark

DECEMBER 15, 2022

Investing in owner financing can be a great way to build wealth and generate passive income. Brandon Smith, who has over 13 years of investing and lending experience, specializes in owner financing and has developed a successful system for sourcing deals and minimizing risk. How owner financing typically works. Key takeaways.

Finance 36

Finance Investing Real Estate Lending 36

Miller Samuel

FEBRUARY 12, 2019

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed).

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Eppraisal

JANUARY 31, 2023

Having identified a parcel of vacant land -- and negotiated a purchase contract with the seller -- the investor in raw land is now at the point where financing becomes the issue.  There A finance strategy that makes sense will vary from person to person. Why does this matter?

Development 36

Development Finance Sellers Home Value 36

Hank Miller Team

FEBRUARY 27, 2022

Add to the mix Wall Street and corporate investors circling like apex predators. Sellers are demanding - and getting - buyers to waive checks that are intended to provide a level of risk management. For these buyers, the max effort has to be given to finding a seller motivation that's not tied to the contract process.

Buyers 52

Buyers Inspection Contracts Sellers 52

The Robert Weiler Company

OCTOBER 15, 2021

Also, find out what benefits the new tax bill brought to the commercial real estate industry, particularly for Ohio investors; these benefits might motivate you to make that buy decision quicker than you thought! For CRE investors, the cap rate is a way to determine the property’s ROI potential.

Investing 138

Investing Real Estate Tenants Investors 138

Housing Wire

DECEMBER 20, 2021

. “Servicers don’t want to get in a position where the customers think they are deciding who gets the money or not,” said Dana Dillard, principal advisor at Housing Finance Strategies , a consulting firm for the mortgage and servicing industry. Up to the task? The program prevented $8.3

Mortgage 397

Mortgage Government Contracts Insurance 397

McKissock

DECEMBER 14, 2021

The standard residential appraisal report form’s definition of Market Value states in part: “ Implicit in this definition is the consummation of a sale as of a specified date and passing of title from seller to buyer under conditions whereby: buyer and seller are typically motivated…”.

Market Value 80

Market Value Marketing Property Appraisal Appraisal 80

Hank Miller Team

DECEMBER 1, 2021

Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more. Water issues can be present but if it's dry when the home is contracted, the buyer may not catch an issue. The buyer is spending money and possibly losing the deal.

Inspection 52

Inspection Buyers Real Estate Sellers 52

The Robert Weiler Company

JUNE 17, 2022

An investment in this market can provide reliable cash flow, steady appreciation, lower maintenance and management efforts per unit, and diversification of an investor’s portfolio. For new commercial real estate investors, buying a small apartment building for sale is a good investment choice. Better and Easier Financing Options.

Property Management 147

Property Management Renovations Real Estate Investing 147

Housing Wire

AUGUST 23, 2023

Following a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp , Better Home & Financing Co. When asked how relevant this business will be, Garg refers to Amazon , a company that drives two-thirds of its sales from third-party sellers. “We We aim for a similar mix.” It took Better two years to go public.

Realtors 370

Realtors Technology Insurance Mortgage 370

Eppraisal

JANUARY 29, 2023

In the first installment of this series, we looked at the advantages of raw land as an investment as well as the ways an investor might go about locating such parcels. In this posting, we will follow the acts of contract negotiation and legal settlement when undeveloped land changes ownership.

Development 36

Development Counter Offer Easement Legal 36

McKissock

APRIL 3, 2022

For buyers and sellers, this means they’ll get more bang for their buck when they save on commissions and fees typically charged by brokers, lawyers, and banks. Real Estate Smart Contracts. And the fewer who are involved in the process of their home buying or selling process, the quicker it will be. The Current State of Bitcoin.

Real Estate 73

Real Estate Real Estate Agent Technology Contracts 73

Listing Spark

JANUARY 15, 2024

Real estate investors face a lot of challenges, even in Texas markets that are showing a strong ROI for flips and sales. Some of the dominant challenges in the recent real estate market are financing or upfront capital requirements, deciding on a liquidation strategy, and dealing with market fluctuations.

Brokerage 36

Brokerage Investors Investing Real Estate 36

Listing Spark

AUGUST 23, 2021

Are you selling to an investor or an iBuyer? Unrepresented buyers will likely take longer to secure financing, handle contracts, and make their way from contract to close. Realtors are expensive, so most sellers want to be able to get top dollar in order to absorb the cost of those commissions.

Realtors 36

Realtors Contracts Agents Buyers 36

Listing Spark

AUGUST 23, 2021

Are you selling to an investor or an iBuyer? Unrepresented buyers will likely take longer to secure financing, handle contracts, and make their way from contract to close. Realtors are expensive, so most sellers want to be able to get top dollar in order to absorb the cost of those commissions.

Realtors 36

Realtors Contracts Agents Buyers 36

PennyMac

DECEMBER 22, 2020

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. REO properties are attractive to homebuyers or real estate investors for several reasons. Step 2: Find a Lender and Discuss REO Financing.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Lamacchia Realty

JUNE 18, 2021

ARE YOU A WANT-TO-BE-SELLER IN 2021? This means NOW is a great time to list to take advantage of motivated buyers before other sellers start to saturate the market. Take Action to Sell and Action to Buy- Many times “Want-to-Be” sellers and buyers don’t take one step without the other and all that does is hold you back.

Sellers 67

Sellers Realty Buyers Realtors 67

Appraisal Buzz

OCTOBER 4, 2021

Freddie Mac (OTCQB: FMCC) today released an analysis showing that appraisal values are more likely to fall below the contracted sale price of a home in census tracts with a higher share of Black and Latino households, resulting in an appraisal gap. MCLEAN, Va. for those in White tracts, leading to a gap of 5.2%.

Valuation 370

Valuation Appraisal Contracts Finance 370

McKissock

MARCH 15, 2022

Traditional buyers are replaced by new ones (investors). We saw this happen in such areas as Las Vegas where you had many individuals that were not your typical investor that were able and willing and buying real estate on speculation. Financing becomes difficult to obtain. Use of creative financing such as seller contracts.

Real Estate 88

Real Estate Finance Sellers Real Estate Agent 88

Cleveland Appraisal Blog

MARCH 18, 2021

The property had been purchased for a price in the mid 50’s by an investor, two months prior to my appraisal. I was told by the investors, in an email that they sent me, that since they purchased the property two months ago, they updated the kitchen and bathroom, installed new flooring, a new furnace, and a new roof.

Appraisal 195

Appraisal Investors Buyers Market Value 195

Houston Properties

JANUARY 13, 2021

SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. The average household finances are in the best shape they’ve ever been in. Avoid 9 Costly Mistakes Sellers Make. Household Finances – The Best (Ever). Household Finances – The Best (Ever). Need To Sell?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Appraisal Buzz

AUGUST 29, 2022

This supply and demand issue made property prices skyrocket, with few able to afford what sellers were asking. When a bid is placed and accepted on a home, the contract will most likely be contingent on an appraisal since most lenders won’t give to borrowers without one. Looking Ahead.

Transportation 370

Transportation Law Investing Investors 370

Hank Miller Team

APRIL 4, 2022

What are the winning buyers doing; waiving/modifying contingencies, extra earnest money, option money, post close occupancy for sellers? While there are no guarantees (esp in real estate), most of the buyers getting under contract are exercising measured risk. Many buyers are also waiving the finance contingency.

Buyers 75

Buyers Inspection Sellers Contracts 75

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. The higher the rate, the better the chances of increased financing costs on everything from credit card debt to car loans and, indirectly, mortgages.

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

AUGUST 15, 2023

Sellers, too, are waiting for the easing of rates before looking for their next home, as estimates show 60% of today’s homeowners possess a mortgage with an interest rate of 4% or less. The single-family housing market is sluggish, as many prospective buyers and sellers have chosen to focus on enjoying the many weeks of beautiful weather.

Sellers 60

Sellers Buyers New Listings Inventory 60

The Robert Weiler Company

APRIL 20, 2021

Alternatively, you could be an investor interested in valuing a company for acquisition. The need for financial assistance, such as debt financing, bankruptcy, or financing for expansion. Adhering to your plan and goals will allow you to prove the success of your business to potential buyers or investors in the future.

Valuation 147

Valuation Business Buyers Market Value 147

The Robert Weiler Company

SEPTEMBER 7, 2022

And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. Low inventory and high demand are the signatures of a seller’s market.

Marketing 78

Marketing Real Estate Investing Retail 78

Listing Spark

MARCH 19, 2024

Investors who flip houses for a living have two choices in responding to this trend: Accept lower returns: If you have cash to spare and love flipping homes, you can make do with decreased profits. You can achieve greater organization by categorizing your projects into packets of signed and in-process contracts.

Tools 36

Tools Buyers Business Tenants 36

Clear Capital

SEPTEMBER 29, 2021

Following up on lots of the stories that have been out there in the media about potential purchase appraisal bias pertaining to race and ethnicity, Freddie Mac kicked off a study of whether minorities are more likely to receive an appraisal value that’s lower than the contract price during purchase transactions. Kenon Chen. Jeff Allen.

Sellers 69

Sellers Agents Real Estate Buyers 69

Lamacchia Realty

APRIL 15, 2022

Rates dropped to historic lows to keep buyers buying, prompting an influx of new applications and re-finances as obtaining a mortgage was more affordable than ever. Sellers kept listing, albeit, at a much slower pace, and buyers were buying at the highest rate in over 15 years, absorbing inventory faster than ever.

Marketing 66

Marketing Sellers Buyers Inventory 66

Appraisal Today

JANUARY 12, 2024

Ignoring market conditions adjustments makes us look incompetent to buyers, sellers, lenders, Realtors, and the general public. They have always been available, mostly for short-term financing and borrowers with poor credit or no credit history. They are risky for the lender and its investors. They depend on an accurate value.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Will Springer Realtor

DECEMBER 19, 2023

Buyers and sellers tiptoed through caution. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises. “Pent-up sellers cannot wait any longer. Um, bye-bye! That’s a slight improvement from October’s 3.2%

Real Estate 68

Real Estate Buyers Sellers Inventory 68