Eppraisal

FEBRUARY 28, 2023

They have different impacts on both the buyer and the seller in a real estate deal. As homes have been selling with multiple offers and at record speeds over the past few years, home buyers have been watching home statuses carefully in case contracts fall through. Contingencies create risks for the home seller.

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Inspection Contracts Sellers Real Estate 36

Hank Miller Team

MARCH 6, 2024

Greater Atlanta remains one of the strongest national markets, home values are not likely to drop over the next several months. Home Sales Drop in Atlanta From a pure "number of transactions" point, closings and contracts cratered in '22 as buyers rapidly fell out and sellers chased those that remained. '23

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Real Estate Sellers Buyers Inventory 52

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

Eppraisal

NOVEMBER 9, 2021

Buyers continue to offer list price and above as home values are still going up. When a home buyer doesn’t pay cash for a home, he will most likely be purchasing the home with the help of a mortgage lender. The buyer is expected to have some financial interest in the home which would be their down payment.

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Appraisal Contracts Sellers Home Value 36

Eppraisal

FEBRUARY 17, 2023

There are two ways in which home values can be estimated by real estate professionals. The average consumer may not know the difference between the two, however, home buyers and sellers need to know. " All in all, a CMA is performed by a real estate agent for a home seller or a home buyer.

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Appraisal Real Estate Agent Marketing Real Estate 36

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

Eppraisal

JULY 19, 2022

Unsure if you should hire an attorney to represent you in your real estate transaction, ask your real estate agent or mortgage lender. With home values rising and homes selling at record speed, it is helpful to have an attorney on your side during the transaction. The buyer's mortgage company requires this.

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Eppraisal

DECEMBER 6, 2022

An array of factors influences the home value, mortgage interest rate, fees and timing of these exchanges. In this post, we talk about how issues near and far play a role in home sales. The problem for property sellers is that their sale might be a casualty of this tightening.

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Real Estate Marketing Home Value Realtors 69

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020.

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Sellers Loan Officers Inventory Home Value 66

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 Land Loan A land loan differs from a home mortgage in that the collateral does not include any structure. Why does this matter?

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Development Finance Sellers Home Value 36

Eppraisal

DECEMBER 20, 2022

Whether you are a home buyer or seller, the real estate transaction can sometimes be tricky to navigate. Each step will get you closer to a successful home closing. Get Pre-approved Begin work early in your process to speak with a mortgage lender and get pre-approved (Paying cash for a home?

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Real Estate Buyers Inspection Real Estate Agent 36

Listing Spark

MARCH 9, 2023

Episode Summary Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. Things are starting to look up in 2023 with a break in mortgage rates. [00:05:15]-[00:05:31]

Real Estate 28

Real Estate Marketing Sellers Home Value 28

Eppraisal

APRIL 8, 2021

It's a "super seller's market" right now. Home values are increasing as buyers are competing for homes. According to the National Association of Realtors (NAR), the inventory of homes is at it's lowest since 1999. If you are a seller, it's the best time to get a good price and the best terms for your home.

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Marketing Inspection Contracts Buyers 36

Housing Wire

NOVEMBER 16, 2023

billion in damages to residential home sellers who successfully proved that the organization – which represents real estate agents at most of the top brokerages in the United States – colluded with other defendants to inflate agent commissions. Unless the decision is appealed, NAR will have to pay at least $1.8

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Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. A home valued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure.

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Appraisal Real Estate Valuation Contracts 87

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

Eppraisal

JULY 8, 2022

With home values rising and buyers paying high prices for homes, title companies' roles are more important than ever. Buyers paying these high prices for homes deserve protection. Both buyers and sellers pay for their parts of the title insurance policy. In fact, they play quite a few roles.

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Insurance Real Estate Home Value Buyers 36

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.

Appraisal 36

Appraisal Real Estate Agent Real Estate Buyers 36

PennyMac

SEPTEMBER 6, 2023

The home-selling process can be challenging at times. This is especially true if home sellers are trying to move quickly or are hoping to avoid costly renovations. You may also be required to make repairs to meet certain state standards in order to sell your home.

Renovations 36

Renovations Inspection Sellers Buyers 36

Lamacchia Realty

FEBRUARY 21, 2023

Essentially, this means that half the time, Zillow’s home value estimates are within 7.49% of the actual value. In a world where buyers and sellers are already skeptical of real estate agents, Zillow only makes things harder for them, therefore causing conflict and distrust.

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Real Estate Agent Real Estate Sellers Realtors 73

Zillow

JULY 15, 2019

Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur. Closing : A one- to two-hour meeting during which ownership of a home is transferred from seller to buyer. Equity : A percentage of the home's value owned by the homeowner.

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Real Estate Agent Insurance Inspection Buyers 56

Birmingham Appraisal

JULY 7, 2022

These factors, as well as others, have an impact on home values because it affects buyer and seller behavior. Anytime there is a shift in the market there is always the possibility that property values will change. The best way to price a home for sale is to use the most current sales and this includes some pending sales.

Appraisal 63

Appraisal Marketing Contracts Buyers 63

Appraisal Today

AUGUST 4, 2023

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting. They really help.

Appraisal 72

Appraisal Business Contracts Real Estate 72

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

Appraisal Today

APRIL 14, 2023

The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” 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. Closing costs can apply to both the buyer and seller.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Appraisal Today

NOVEMBER 4, 2022

Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. value to property.

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Reconsideration of Value Appraisal Inspection Advertising 52

Appraisal Today

FEBRUARY 24, 2023

NOTE: Please scroll down to read the other topics in this long blog post – Bias, Cost cutting, slow business, unusual homes, mortgage origination stats, etc. AMCs had taken over the mortgage-lending work. Varies widely around the country. == Mortgage applications decreased 13.3 It’s caused by the income gap.

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Appraisal Architecture Valuation Business 52

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. As such, investors must verify the seller, financials, and property obligations (i.e.,

Investing 138

Investing Real Estate Tenants Investors 138

Raleigh Realty

MARCH 29, 2021

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 can rent the home out to tenants who pay your mortgage and bills while you continue to build your asset. 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

Listing Spark

OCTOBER 13, 2022

Days on the market are up, home prices are down, but it’s not all doom and gloom. What should buyers and sellers be doing right now? How to vet real estate agents as a seller. In August, the median home value in the greater Austin metropolitan area was $496,000 and that’s up 5%. Episode highlights.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Association.

Housing Market 515

Housing Market Marketing Supply Chain Mortgage 515

Cornerstone

OCTOBER 26, 2021

Home values are climbing at nearly historic levels. As a result, hurdles related to home appraisals have also started to arise. In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. The more you know, the easier it is to find the right mortgage.

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Sellers Buyers Appraisal Loan Officers 57

Housing Wire

DECEMBER 1, 2022

“Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”. million in 2023 from 5.67 trillion from $2.34

Housing Market 369

Housing Market Marketing Construction Inventory 369

Raleigh Realty

MARCH 26, 2022

So let’s jump right in then Table of Contents: Local Knowledge It's Free Investment Purposes Knows Other Agents Local Resources Schedule Showings Emotional Control Experience Negotiations Financial Strategies Communication You Want Someone With Knowledge Of The Area Location is the single most important factor in finding the best home.

Real Estate 148

Real Estate Buyers Agents Contracts 148

Listing Spark

MARCH 15, 2022

Home appraisals are a method by which an appraiser reviews a home and compares them to homes in a specific neighborhood to determine their fair market price. Refinancing appraisals are another type of appraisal commonly used when an individual uses their current mortgage to buy and repay his/her existing mortgage.

Appraisal 36

Appraisal Renovations Contracts Buyers 36

Houston Properties

JANUARY 13, 2021

Do You Want To Buy A Home Now? Avoid 9 Costly Mistakes Sellers Make. If you're looking for a personal recommendation on your situation (buying or selling a home in Houston) and how it could impact your goals, please contact Paige Martin at Paige@HoustonProperties.com. In addition, mortgage rates are at an all-time low.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68