Remove Contracts Remove Home Value Remove Housing Market Remove Property Appraisal
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Working with buyers in the nation’s hottest housing market

Housing Wire

Austin, Texas might be the hottest housing market in the country. In addition to the same demographic factors driving growth elsewhere — all those millennials buying homes — the number of companies relocating there is a huge draw. year-over-year increase in home values. It is just a super tight housing market.

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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

Because in both instances, they first had their homes valued by real estate agents, not appraisers. The opposing side in one of the cases required that a new valuation be completed by a state-certified appraiser. In the other case, my client’s attorney recommended having their marital property appraised.

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Appraisals – Check the Water Source!

Appraisal Today

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” My Comments on Market Changes. USPAP and the Contract.

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Appraiser Liability Risks

Appraisal Today

The proposed rule supports our work as a member of the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) to promote accurate appraisals, rather than ones computed by models where bias is baked into the equation. from 0.65 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Appraisals derail sales in the tight Chicago market!

Chicagoland Appraisal Blog

Now I know what you might be thinking, appraisers don’t accept this kind of information in fear of being influenced. Let me clear up a misconception, you can provide information to the appraiser. We are required to analyze the contract and where do you think contract analysis begins? Why was this offer selected?

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What’s Included in Closing Costs?

PennyMac

In some states, you need an attorney to close on your home. This fee will cover the attorney preparing and reviewing agreements and contracts. To close on a house, you’ll need to pay whoever handles the closing for their services. If you’re buying a house built before 1979, you run the risk of lead-based paint in the home.

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GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

Appraisal 363