Will Springer Realtor

OCTOBER 19, 2021

About 13% of appraisals came in below the contract price this August, the most-recent available data, according to housing-research firm CoreLogic. housing market is 7% of all mutually accepted contracts. That’s off the recent high of 20% in May when buyers were in a feeding frenzy for scant homes.

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Contracts Appraisal Sellers Real Estate Agent 41

Housing Wire

JUNE 11, 2021

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned.

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Inspection Appraisal Buyers Appraisal Process 432

Cleveland Appraisal Blog

MARCH 25, 2023

Here are some links to other articles I think you might also enjoy… Housing Concerns About Bank Runs – Housin g Notes by Jonathan Mille r The Power of Praise – Rachel Massey, SRA, AI-RRS, IFA Working RE What is the Role of Market Trends in a Real Estate Appraisal?

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Supply Chain Renovations Appraisal Market Value 280

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

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Appraisal Market Value Contracts Agents 263

Cleveland Appraisal Blog

JUNE 17, 2022

When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. USPAP and the Contract – Tim Andersen, The Appraiser’s Advocate Podcast.

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Appraisal Development Market Value Tenants 279

Lamacchia Realty

OCTOBER 13, 2022

Closed comparable sales, also known as ‘comps,’ are used to approximate market value for residential properties. All else being equal, the more recent the sale is, the more weight should be placed on the comp’s value. Historically, in a balanced market, comps sold within six months were acceptable to use.

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Marketing Sellers Buyers Market Value 67

Appraisal Today

JULY 1, 2023

NOTE: Please scroll down to read the other topics in this long blog post on new online Fannie forms, highest and best use, real estate market, unusual homes, mortgage origination stats, etc. Famed Rotating Home in California On the Market for $5.3M Excerpts: Can’t decide which room in this La Mesa, CA, house has the best view?

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Appraisal Contracts Market Value Mortgage 86

Cleveland Appraisal Blog

AUGUST 11, 2022

In addition, selling as-is is the norm in some real estate markets. Although you probably won’t be able to sell your home at its actual market value, you will also save a lot of time and money. Most states prescribe a certain amount of time when the homebuyer can walk away from signing the purchase contract.

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Renovations Buyers Appraisal Investing 221

Cleveland Appraisal Blog

JUNE 18, 2022

Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding. While most states allow fair market value to be established using traditional appraisal approaches (e.g. Click below to sign up or learn more.

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Appraisal Law Development Valuation 309

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. You can say no to the counteroffer, accept it or propose new changes to the contract. Arriving at a verbal agreement differs from being in a contract.

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Real Estate Agent Sellers Inspection Real Estate 69

Hank Miller Team

DECEMBER 14, 2022

Blame the market, not that the home was overpriced. If the appraisal is below expectation, the appraiser is out of touch with the market, doesn’t fully appreciate the home and doesn’t understand how buyers "will just love it" While the agent should acknowledge the low appraisal, most will agree with the owner to just get the listing.

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Appraisal Real Estate Agent Contracts Agents 52

McKissock

OCTOBER 3, 2021

As part of our contributor series, Daniela Andreevska , content marketing director at Mashvisor , talks about investment property strategies. As a wholesaler, you need to find a property for sale, acquire a contract from the seller, identify a buyer, and assign the contract to him or her.

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Investing Real Estate Real Estate Agent Realtors 87

Cleveland Appraisal Blog

MAY 27, 2021

While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. While some may be willing to spend more than market value on a home, in many cases, there is a threshold to the amount a buyer is willing to spend on a home.

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Market Value Appraisal Buyers Marketing 418

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. ==. My Comments on Market Changes. Fannie and Freddie have long said that they want appraisers to tell them about their markets. Real estate market? ==.

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Appraisal Contracts Real Estate Mortgage 52

Movoto

FEBRUARY 23, 2024

Here, we’ll explore the nuances of each to help you understand both kinds of contracts. A lease is a contract between a tenant (lessee) and landlord (lessor) that gives a tenant the right to live in a property for a fixed period of time , typically covering a 6 to 12-month rental period, whilst making consistent payments for the duration.

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Tenants Landlords Contracts Legal 28

Appraisal Today

JANUARY 5, 2024

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. The Market Composite Index, a measure of mortgage loan application volume, decreased 9.4 The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.26

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Appraisal Contracts Legal Business 76

Appraisal Today

JANUARY 20, 2023

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. What is happening in your market? You may need to call agents to see the amount of concessions offered and make an adjustment based on its effect on market value.

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Appraisal Contracts Sellers Business 52

Appraisal Today

OCTOBER 7, 2022

If it had a market value of $345k, it would have listed at $345k!”. Other questions are not as relevant, such as fees, as the appraisal market in many areas is not as strong as in May when the survey was done. The Tectonic House in Venice Beach, CA – $5.8M. Housing Market Cools. September 27, 2022.

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Appraisal Contracts Architecture Housing Market 52

Appraisal Today

JANUARY 27, 2023

One of the most quoted experts on housing markets, Jonathan Miller of real estate appraisal company Miller Samuel, won an unusually large 30-way bidding war for a Connecticut house built in 1755.” Popular topics include how to market to attorneys and get referrals from real estate agents.

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Appraisal Contracts Transportation Real Estate 52

Raleigh Realty

AUGUST 27, 2021

Questions To Ask When Buying A House Wondering what questions to ask when buying a house? Here's everything you need to know about buying a home Whether you are a first-time home buyer or a seasoned veteran of the housing market, buying a house is no small undertaking. What Are My Total Costs?

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Real Estate Agent HOA Real Estate Agents 78

Cleveland Appraisal Blog

MARCH 18, 2021

This area has suffered economically for many years, though market conditions are improving. By the way, I did apply market adjustments in my report to reflect this. The MLS reflected it as a pending sale with zero days on the market. So, it does not appear to have been exposed to the market. WHAT SHOULD AN APPRAISER DO?

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Appraisal Investors Buyers Market Value 195

Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.

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Appraisal Construction Contracts Architecture 78

Zillow

JULY 15, 2019

The ratio compares the borrower’s monthly debt payments (proposed housing expenses, plus student loan, car payment, credit card debt, maintenance or child support and installment loans) to gross income. Buyers market : Market conditions that exist when homes for sale outnumber buyers.

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Real Estate Agent Insurance Inspection Buyers 56

Miller Samuel

MARCH 19, 2019

In the original 2014 proposal by the Fiscal Policy Institute, the first item in the proposal is off to a bad start as they describe what happened in the market: These owners bid up the price of NYC residential real estate, and since they don’t spend much time in these units, contribute little to the local economy compared to full-time residents.

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Real Estate Law Development Investors 370

Assurance Financial

DECEMBER 20, 2021

This scenario requires good home equity — which is the homeowner’s financial stake in their house — to warrant a high enough price. The home’s gains in market value. The cost of renovations or improvements the seller made to the house. Mortgage principal payments. Cons of Selling First.

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Mortgage Sellers Buyers Finance 74

Will Springer Realtor

JULY 8, 2022

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Not really sure.”.

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Housing Market Marketing Inventory HOA 36

Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. When you raise [mortgage] rates to the point they’re at today, it breaks the back of housing.”. If there is a silver lining for those in the market for a home, it’s that prices should fall as demand eases.

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Housing Market Marketing Buyers Real Estate 36

Lamacchia Realty

APRIL 15, 2022

When Will the Housing Market Change? So if someone bought a house in early January of 2021 and put 20% down, they would have nearly 40% equity in the home by the end of December. Now all the above factors are finding a place to land, and everyone is asking: When will the market change? week supply of homes on the market.

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Marketing Sellers Buyers Inventory 64

Assurance Financial

NOVEMBER 9, 2021

The real estate market has fluctuated significantly over the past few decades, with a median sales price difference of $195,900 in the last 20 years alone. With these constant housing market shifts, it can be challenging to determine the best time to buy or sell a house. Marketing Strategies. Power Dynamic.

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Marketing Sellers Buyers Real Estate 36

Appraisal Today

OCTOBER 6, 2023

It was my favorite class as we could focus on issues in our current market. and “Are we getting the most probable value?” in context of a comprehensive database of property characteristics and market transactions. Marketing, Forms, Scope of Work, What they Want, Getting names of companies, and many more topics.

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Appraisal Contracts Real Estate Mortgage 78

PennyMac

JUNE 28, 2022

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. Often, the seller will pay this fee, but it can depend on how competitive the housing market is or what the specific HOA contract dictates.

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Insurance Property Taxes Sellers Inspection 36

Cornerstone

OCTOBER 26, 2021

This is precisely what we’re seeing in today’s real estate market. Home values are climbing at nearly historic levels. In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. Expect an appraisal gap if you see these market conditions. Get your questions answered now.

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Sellers Buyers Appraisal Loan Officers 57

Cleveland Appraisal Blog

SEPTEMBER 18, 2021

Chickens and honeybees can add value to your home. But not market value. They can add emotional value in terms of joy, fun, and education. The NYC Housing Market Tries To Win Rookie Of The Year Again – Housing Notes by Jonathan Miller. Perhaps we will one day. I hope you will also… .

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Appraisal Market Value Marketing Contracts 243

Appraisal Buzz

MAY 24, 2021

When you calculate a house’s worth, you think about how numerous factors position the property in the current market. Challenges often arise in how professionals figure out the overall value of multifamily homes. Challenges often arise in how professionals figure out the overall value of multifamily homes.

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Appraisal Tenants Buyers Landlords 397

Realtor

DECEMBER 15, 2016

If a real estate comp isn’t an exact match—which is typically the case—an appraiser will make adjustments in order to fairly estimate the market value of the real estate you want to buy. Low appraisals tend to occur in hot housing markets, where home buyers are often forced to pay above market value for a home.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

If a real estate comp isn’t an exact match—which is typically the case—an appraiser will make adjustments in order to fairly estimate the market value of the real estate you want to buy. Low appraisals tend to occur in hot housing markets, where home buyers are often forced to pay above market value for a home.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Lamacchia Realty

MARCH 28, 2023

February 2023 connecticut housing report February Highlights As we move further into the year, the Connecticut housing market is showing signs of improvement, although home sales in February are still significantly lower compared to last year. As more sellers enter the market, multiple offers are expected to decrease.

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Sellers Buyers Inventory Real Estate 51