Appraisal Buzz

APRIL 15, 2024

Reports in the new standard, will be dynamic, expanding and contracting, based on the scope of work for that appraisal assignment. Additionally, the need for technology upgrades and training to adapt to these new systems poses a challenge, especially for smaller firms or individual appraisers.

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Cleveland Appraisal Blog

MAY 26, 2023

The education, training, and testing to become a state-licensed or certified appraiser are completely different than for becoming a state-licensed real estate agent. I don’t have the skills and training to do the work that real estate agents do. There are several methods that we use to make these measurements. Both require a skill.

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Cleveland Appraisal Blog

AUGUST 20, 2021

Earlier in the year, I appraised a home to have a market value that was twenty-eight thousand dollars ($28,000) higher than the contract price. Contrary to popular belief, good appraisers do not magically appraise homes at their contract price simply to rubber-stamp a sales price. This is a good example. The reason?

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Appraisal Today

APRIL 5, 2024

More significantly, loanDepot.com agreed to an extensive revamping of: (a) its reconsideration of value practices; (b) fair housing/non-discrimination training requirements; (c) statistical tracking of appraisal outcomes; and (d) training and contractual requirements for AMCs and appraisers. percent from 6.93 percent from 7.14

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Cleveland Appraisal Blog

JUNE 18, 2022

As a result, appraisers who have this kind of specialized training can often command hourly rates significantly above those who do not. The Housing Market Is Spiraling Downward With Dogged Determination – Housing Notes by Jonathan Miller. Top Reason For House Rules – The Folson Group Blog.

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Raleigh Realty

MARCH 23, 2021

Real estate agents have access to various comparative tools and have been trained on how to do this specialized research. Real estate agents are in hundreds – if not thousands – of homes every year and are trained to know how to stage a home to sell. What Real Estate Contract do I Use When Selling For Sale By Owner?

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McKissock

SEPTEMBER 5, 2022

In recent years, the real estate industry has noticed some significant trends in the commercial and residential housing markets. Moreover, earlier this year a bidding war broke out over a 140,000-square-foot shopping center housed at Office Depot in Port Charlotte, Florida.

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Housing Wire

NOVEMBER 30, 2023

Culture, cutting-edge technology, marketing assistance, and training are key to succeeding as an Ohio real estate agent, so look for a brokerage that provides the agent services and resources you need to maximize reach for your clients. Ready to find a real estate brokerage?

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Housing Wire

OCTOBER 9, 2023

The support and mentorship opportunities When selecting a firm, look for a brokerage that will support your professional growth by offering mentorship and training programs. After you complete the risk management/ discipline course, you will have satisfied the required 1-hour of sexual harassment prevention training. DID YOU KNOW?

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Housing Wire

JULY 28, 2021

Keller Williams is launching the KW New Homes community and partnering with Legacy International to offer new home sales training to address the increasing opportunity in the market. While lumber prices have shown some improvement in spot markets, these declines take time to translate into lower construction costs.

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Housing Wire

AUGUST 23, 2023

We’ve done that through products like One Day Mortgage, which are helpful to a consumer if they’re buying or shopping for a home because literally the same day that they enter into a purchase contract, they can get a commitment letter on their mortgage. Garg: We’ve built one of the largest training data sets in the industry.

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Appraisal Today

JUNE 23, 2023

In addition to harming homeowners, systemic biases in valuations, either too low or too high, hurt neighborhoods, distort the housing market, and impact the tax base. The nation’s $12 trillion residential mortgage market, much of which is now backstopped by the full faith and credit of the U.S. percent from 6.77 percent from 6.79

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Appraisal Today

MAY 19, 2023

Some AMCs may use appraisers for data collection at a reasonable fee instead of Uber drivers with 3 weeks of training. housing market back into a deep freeze Excerpts: A debt default is very unlikely, but new scenario projections from Zillow show sales would decrease sharply as mortgage costs balloon. I learned a lot.

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Appraisal Today

JULY 7, 2023

In the past, appraisers were trained by FHA to redline, with lower values in Black neighborhoods. Markets go up and down I’ve been writing for years about how normal it is for markets to go up and down. Housing markets are like my waist line. The average contract interest rate for 5/1 ARMs decreased to 6.00

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Housing Wire

OCTOBER 22, 2023

You’ll need to enroll in and complete the following TREC-approved, qualifying real estate courses: Principles of Real Estate I Principles of Real Estate II Law of Agency Law of Contracts Promulgated Contract Forms Real Estate Finance Each course is 30 classroom hours, for a total of 180 hours.

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Housing Wire

DECEMBER 20, 2022

He built features that cater to realtors’ needs – such as weekly updates on the housing market, daily alerts of mortgage rates and keeping real estate agents informed of borrowers’ pre-approval status. Read on for Nguyen’s new business strategies for 2023, how he plans to scale his business and prospects for the housing market.

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Cleveland Appraisal Blog

MAY 27, 2021

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. Right now, in many contracts, buyers state that they will not pay more than a certain about over the appraised value of a home. A word of caution about changes in the market.

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Appraisal Today

APRIL 12, 2024

. = Senators Cramer, Tester Introduce Bipartisan Legislation to Improve Home Appraisal Process in Rural Areas Excerpts: “Across rural America, housing markets have a shortage of trained appraisers,” said Cramer. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.80

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Housing Wire

JUNE 28, 2021

He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It I have always been good with numbers, and I enjoy looking at houses,” he said. But DeZarn was an independent contractor business of one, and he lost his clients in 2008 when the housing market imploded.

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Appraisal Today

MAY 26, 2023

Some appraisers feel that lenders should not provide them with the purchase and sale contract. Then that contract does not serve to color, cloud, or otherwise bias a value opinion. Appraisers analyze the purchase and sale contract to amass and verify data to have detailed data to use in the analytics of future assignments.

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Housing Wire

APRIL 21, 2022

There were, for example, prefabs shipped out by Sears Roebuck in the first half of the 20 th Century, as well as the balloon framed wood houses of the late 19 th Century. The company’s mission is to deliver, “Affordable, mainstream market rate, and disaster relief” housing, a spokesperson said. Part of the toolbox.

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Appraisal Today

SEPTEMBER 2, 2022

Does it depend on who trained you? I was trained at an assessor’s office with no pressure to appraise high or low, fail to disclose defects, etc. On August 22, the source that arguably features the best residential real estate data in the business, American Enterprise Institute’s Housing Center, released new numbers for July.

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Appraisal Today

DECEMBER 23, 2022

2) Appraiser training to reflect this simple data analysis rule; and 3) standards and user requirements (such as the GSE’s) that require this basic data science issue to be evaluated in every appraisal. 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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Lamacchia Realty

APRIL 6, 2022

She brings years of industry experience and expertise in all aspects of the home buying & selling process as well as construction, land assessment & purchasing, negotiating contracts, and design. Ashley has been with Lamacchia Realty since 2018 and she was just recognized as a Top Producer for 2021.

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Lamacchia Realty

FEBRUARY 22, 2022

Pending Home Sales (contracts accepted). There is a way to navigate this market successfully, with hiring a highly-trained, expert REALTOR being the first most important step. That’s because the anemic inventory isn’t entirely due to fewer sellers. It has more to do with buyer consumption.

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The Robert Weiler Company

NOVEMBER 10, 2021

If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. Planes, Trains, Automobiles, and More: Transportation links are essential for any industrial space or commercial properties for lease. Do you have a paper trail?

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Housing Wire

JUNE 14, 2022

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.

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Appraisal Today

SEPTEMBER 9, 2022

But here’s the reality: Even in today’s fraught, price-squeezed housing market, you don’t actually need to be rich or famous to afford a sprawling home. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.94 You just need to know where to look.

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Will Springer Realtor

NOVEMBER 10, 2023

Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines. Glancing at new Seattle condos listed on the MLS, Graystone represents about half of them priced below $550K even while the median market list price is $847.5K.

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Will Springer Realtor

JANUARY 7, 2022

The proposal before state lawmakers this month is a good step towards housing equality but there is far more to be done to right the imbalance between supply and demand. We need to make significant changes in the structure of our housing market before the affordability crisis improves. In addition to King County’s 1.2%

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Housing Wire

OCTOBER 31, 2023

He also addressed Schulman’s statement that 95% of contracts have a 3% buyer agent commission, stating that clustering does not establish the existence of a conspiracy. MacGill also discussed the HomeServices training videos in which Blefari told viewers how he dealt with commission rate negotiations. No, he can’t.

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