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. As home values have been rising, so have earnest money amounts. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money.

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Contracts Real Estate Agent Sellers Real Estate 36

Raleigh Realty

FEBRUARY 19, 2022

But before you do there's one last factor to consider: the home appraisal. Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. Here's what you need to know about home appraisals so that you come prepared. Not a cent more.

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Appraisal Process Appraisal Construction Sellers 139

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. Building homes at a higher elevation will help.

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Reconsideration of Value Appraisal Inspection Advertising 52

Eppraisal

NOVEMBER 23, 2021

The real estate market is still hot and there are currently more buyers than homes available for sale. So far in this year's fall real estate market, home values continue to rise. Despite the super seller's market, appraisers are protecting the mortgage companies' interests.

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Appraisal Real Estate Agent Real Estate Inspection 36

Zillow

JULY 15, 2019

Approved for short sale : A term that indicates that a homeowner’s bank has approved a reduced listing price on a home, and the home is ready for resale. Look for this accreditation or something similar when shopping for a home inspector.). Buyers should budget for an amount that is 1% to 3% of the home's purchase price.

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Real Estate Agent Insurance Inspection Buyers 56

PennyMac

SEPTEMBER 6, 2023

Save money on home improvements When you sell your house more traditionally, you want to get the most money from your sale by fixing up your home. You may also be required to make repairs to meet certain state standards in order to sell your home. Invest some money and time to fix and update your home.

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Renovations Inspection Sellers Buyers 36

Eppraisal

APRIL 20, 2021

Have Your Financing in Order If you're in the market to buy a home in the near future, the most important item on your agenda is to have proof that you have enough cash for the purchase or are pre-approved for a mortgage. Your Offer Price As mentioned, the inventory of homes for sale is even lower than it was last year at this time.

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Sellers Loan Officers Inventory Home Value 66

Eppraisal

NOVEMBER 12, 2021

Selling your home can be profitable in today's seller's market as home values have risen significantly this year. What's taken many sellers by surprise this year, however, is that some homes haven't been appraising due to these higher sales prices. The appraiser will research before visiting your home.

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Appraisal Real Estate Agent Real Estate Buyers 36

Eppraisal

MARCH 13, 2021

Interest rates are still historically low and, in many areas, when a home is listed for sale, it's a race as to who sees it and puts in an offer first. Many homes receive multiple offers within a couple days of going on the market with buyers often paying more than list price for homes. Help you arrange inspections.

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Buyers Brokerage Contracts Home Value 36

D Fritz Appraisals

MARCH 16, 2021

It takes the home itself, the neighbourhood and the available historical data into account to determine the most accurate valuation. If you want to refinance, sell, or buy, the appraisal provides mortgage lenders with straight facts so they can underwrite loans based on the purchase price or the appraisal (whichever is lower.)

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Appraisal HOA Easement Valuation 126

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. It looks like the change is starting because of increasing mortgage interest rates. New homes – what is happening? No inspections or appraisals?

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Appraisal Contracts Real Estate Mortgage 52

PennyMac

DECEMBER 22, 2020

The homeowner/borrower defaults on (fails to make) their mortgage payments for a certain length of time, with the qualifying amount usually specified in the mortgage terms. Your agent should also be able to tell you if you need to hire anyone else, such as an attorney or an inspection service, depending on your state and situation.

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Inspection Real Estate Agent Real Estate Agents 69

Appraisal Today

APRIL 14, 2023

NOTE: Please scroll down to read the other topics in this long blog post on liability, appraisal errors, non-lender appraisals, Fannie non-appraisal options, unusual homes, mortgage origination stats, etc. If our business revolves around mortgage lending, we are used to dealing with clients who have a certain level of sophistication.

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Appraisal Bracketing Contracts Valuation 52

PennyMac

JUNE 28, 2022

When you’re ready to close on your new home, you’ll find there’s one more round of payments to make: closing costs. Getting a mortgage isn’t free, and closing on a house isn’t free. There are costs through this last phase of the process of buying your home. In some states, you need an attorney to close on your home.

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Insurance Property Taxes Sellers Inspection 36

Raleigh Realty

MARCH 29, 2021

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. Remember that owning a home can help build your assets, though, and buying a home in the right location will set you up for future success. You should try not to spend more than 28 of it on home expenses.

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Government Real Estate Agent Insurance Property Taxes 148

The Robert Weiler Company

OCTOBER 15, 2021

Consider this: According to Crain’s Chicago Business, Columbus saw the most substantial increase in total home value in the country. The mortgage payments, utility fees, and maintenance costs are all on your shoulders. Specialty lease provisions can include contracts, cancellations, and fixed rents.

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Investing Real Estate Tenants Investors 138

Raleigh Realty

MARCH 26, 2022

Questions are going to come up and your agent will be there every step of the way to help you through the process: What is a home appraisal? Is a home inspection worth the cost? How do I measure the square footage of a home? Buyer's Agents will help you answer the question of how to choose the best mortgage lender.

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Real Estate Buyers Agents Contracts 148

Raleigh Realty

MAY 3, 2021

First-time home buyers have many advantages available to them when it comes to first-time home buyer mortgage programs. These programs are designed to help people buy their first home. Build Equity Your home will have a value assigned to it, and you'll be making mortgage payments.

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Real Estate Agent Real Estate Insurance Inspection 78

Houston Properties

JANUARY 13, 2021

Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. In addition, mortgage rates are at an all-time low. Some companies are offering 30-year fixed-rate mortgages for less than 2.3%. Houston real estate is hyper-local.

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Housing Market Marketing Real Estate Realtors 68

Eppraisal

AUGUST 30, 2022

Offer Market Price Buyers still need to offer at least market price for a home, perhaps higher. Home values are still going up. " The same article cited the surprising statistics, "In June, the national median listing price for single-family homes was $450,000, up 16.9% This isn't really necessary anymore.

Real Estate 36

Real Estate Buyers Real Estate Agent Marketing 36

PennyMac

JANUARY 3, 2024

The Mortgage Process The mortgage process for a second-time homebuyer generally follows the same steps as a first-time homebuyer. Potential for No Down Payment While most mortgages require a down payment, you may qualify for a zero-down payment VA loan if you're a veteran, service member or military family.

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Real Estate Agent Buyers Real Estate Mortgage 36

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added. billion [due to increased home values]. “…The

Renovations 363

Renovations Investing Real Estate Marketing 363

Lamacchia Realty

JUNE 10, 2022

When COVID hit , policy makers flooded the market with all different kinds of stimulus and the Federal Reserve started buying a historic number of mortgage-backed securities to drive mortgage interest rates down. Congratulations, frustrated home buyers ! That’s not going to happen. Bottomline.

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Marketing Sellers Buyers Inventory 62

Houston Properties

JANUARY 12, 2022

Furthermore, the listing agent also often doesn’t make it easy for Houston homebuyers to get the survey, details and any prior inspection reports so you know really know what you’re buying. As home prices increase over time, it lowers the loan value of any mortgage debt. With higher home values come higher rental rates.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Housing Wire

JUNE 14, 2022

Using automated tools to establish home values helps remove human bias, although it limits the collection and evaluation of a property’s current condition,” wrote Freddie Mac. This indicates that we cannot reject the role historic discrimination has played in the evaluation of home values.”.

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Appraisal Valuation Inspection Law 365

Assurance Financial

NOVEMBER 9, 2021

This economic decline can cause homeowners to sell their houses if they can no longer afford to pay their mortgages, increasing housing inventory and shrinking the buyer pool. During this time, unsustainable mortgage rates caused many homes to go into foreclosure, resulting in significant price drops from homeowners desperate to sell.

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Marketing Sellers Buyers Real Estate 36

Will Springer Realtor

AUGUST 9, 2022

RECESSIONS AND MORTGAGE RATES Recent data and the traditional definition show we are now in a recession even though there is debate among economic and political folks. this chart shows, each time the economy slowed significantly, mortgage rates declined. In fact, rates have fallen by an average of 1.1 Everett claimed the No.

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