Appraisal Today

APRIL 26, 2024

I have also done many relocation appraisals, done before the home is listed. What should appraisers look for in a sales contract? In the 1930’s, appraisers (then known as valuators) were instructed to follow a rating system. from 0.65 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Appraisal Today

JUNE 23, 2023

Both Fannie and Freddie insist that appraisers remain an integral part of the valuation landscape and demand for appraisal services will continue into the future. A home valued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure. Worth reading.

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Appraisal Real Estate Valuation Contracts 86

Eppraisal

NOVEMBER 9, 2021

Home buyers are still flocking to homes when they are listed for sale. 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.

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Raleigh Realty

FEBRUARY 19, 2022

During the home buying process, the appraiser's sole responsibility is to ensure the bank, and thereby you, are paying the cost of what the home is worth. The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract. Not a cent more.

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Housing Wire

NOVEMBER 13, 2023

Course also covers Florida Real Estate Law and Contracts, Valuation, appraisal, financing, federal income tax laws, zoning and planning, environmental issues & more. The CE Shop pricing Education Type Prelicensing Exam Prep Post-License CE Broker Prelicensing Starting at $104.25 $101.25 $115 $221.25

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Real Estate Real Estate Agent Agents Law 387

Eppraisal

JANUARY 29, 2023

In this posting, we will follow the acts of contract negotiation and legal settlement when undeveloped land changes ownership. Obviously, there are certain elements of home sales that do not apply to the exchange of raw land, at least not yet. As a result, this valuation often exceeds assessor estimates.

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D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. You’ll be able to recover those costs in your home appraisal.

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Appraisal Today

FEBRUARY 24, 2023

Under-Valuations Unrelated to Racial Bias Exploring Alternative Explanations for Appraisal Under-Valuation A critique of FHFA, Brookings, and Freddie Mac reports on Racial Bias. They also fail to note the size of these under-valuations. As an appraiser I support fair, unbiased appraisal practices and valuations.

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Housing Wire

NOVEMBER 16, 2023

Real estate forms : It is said that a contract is only as good as the paper it’s written on, and real estate purchase contracts are written on template legal documents that have been reviewed and approved by state-level real estate departments.

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Realtors Contracts Real Estate Agents 389

Appraisal Today

APRIL 14, 2023

It is one environment where residential appraisers are still valued. Our opinions are sought for work as varied as bankruptcy, estate, charitable contributions, pre-listing, before-and-after valuation, among other reasons. It could be a real estate agent, a home inspector or even a part-time Uber driver looking for some easy money.

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Appraisal Today

NOVEMBER 4, 2022

Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. Regression results suggested that every foot of elevation can increase home value by 1.6% value to property. This process is often referred to as a “reconsideration of value” or “ROV.”

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Appraisal Today

FEBRUARY 23, 2024

Potential homebuyers are quite sensitive to these rate changes, as affordability is strained with both higher rates and higher home values in this supply-constrained market.” The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.06

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Appraisal Real Estate Contracts Reconsideration of Value 68

Lamacchia Realty

FEBRUARY 21, 2023

“The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. What exactly is a Zestimate?

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Real Estate Agent Real Estate Sellers Realtors 73

Appraisal Today

JUNE 10, 2022

Here we consider how these “frictions” will behave as appraisal demand has dropped, just as each of the five forces have found ways to reduce or “eliminate” the need for valuation expertise. “Americans have seen home values rise at record rates over the past few years. percent from 5.33 percent from 4.93 percent from 5.20

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Appraisal Today

MAY 19, 2023

My first appraisal job was updating data records for an assessor’s office, converting to computerized valuation in the mid-1970s. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.57 The average contract interest rate for 5/1 ARMs increased to 5.71

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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. Another mistake – perhaps one of the more obvious (and, consequently, most detrimental) mistakes – is contracting the commercial property for sale in your personal name.

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AmeriMac

MARCH 1, 2024

Can PMI be removed if your home value increases? Leveraging increased property value might lead to PMI elimination. Enhanced home equity from rising values can lower the loan-to-value ratio, potentially facilitating the removal of PMI.

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Appraisal Today

MARCH 3, 2023

== Black-Owned Homes Appreciated Fastest In The Pandemic – Zillow research Black Americans’ housing wealth has made strides, but remains well below that of the typical U.S. household Excerpts: The ratio between Black home values and home values overall is closing. Black home values appreciated 42.5%

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Tools Appraisal Home Value Business 52

Cleveland Appraisal Blog

MAY 13, 2021

And right now, many buyers are forced to bring cash to the table to make up the difference between what the home’s market value is determined to be, and the contract price. It may still be worth it to the buyer to move forward, despite paying more than market value. . So, they sold their home.

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Market Value Contracts Appraisal Buyers 298

Houston Properties

JANUARY 13, 2021

The data below covers the “average Houston home.” Get a free home valuation for your house and trends in your neighborhood. Properties are still going under contract. We expect a nationwide drop in home values as home inventory continues to shrink and we start to feel the economic impact of last year’s mishaps.

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Realtor

DECEMBER 15, 2016

Homeowners may also need an appraisal when they refinance a home or take out a home equity loan (HELOC). If all goes well, the home’s appraised value will end up at the price you’d agreed to pay. Real estate appraisers are merely there to give an unbiased opinion about the home value.

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Realtor

DECEMBER 15, 2016

Homeowners may also need an appraisal when they refinance a home or take out a home equity loan (HELOC). If all goes well, the home’s appraised value will end up at the price you’d agreed to pay. Real estate appraisers are merely there to give an unbiased opinion about the home value.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Appraisal Today

DECEMBER 23, 2022

Home type: Single family. Home value (with no comps, not even close to 30!). Modern valuation progress requires three things: 1) a clear definition of “what is a comp?” The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.34

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Appraisal Today

SEPTEMBER 29, 2023

Risk to Home Values. These millions of properties across the US represent a significant subset of the larger real-estate market which has not adequately priced the cost of climate risk into its valuation. from 0.72 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. million properties, 23.9

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Insurance Appraisal Contracts Mortgage 79

Housing Wire

MAY 27, 2022

There is no single silver bullet that will rectify the pernicious impact of bias in residential real estate valuations — it is a complex problem that requires a multifaceted solution. As a result, homes located in minority neighborhoods have been chronically undervalued, exacerbating the racial wealth gap.

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Housing Wire

JUNE 14, 2022

Fannie Mae and Freddie Mac’s equitable housing finance plans further expand non-traditional property appraisals, which sometimes rely on property tax information, data collected by third parties, or algorithms to assess a property’s value. Using its automated valuation models “leads to relatively lower racial gaps,” Freddie Mac said.

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Appraisal Valuation Inspection Law 299

Houston Properties

JANUARY 12, 2022

Get a free home valuation for your house and trends in your neighborhood. 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. With higher home values come higher rental rates.

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