Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. The KAAR also said housing inventory dropped for six straight months to start the new year. You set your appointments the night before, and when you get there that morning, they might already be under contract.” year-over-year.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Realtor

JULY 13, 2021

In our current seller’s market, the national inventory of active listings is down 43.1% The provisions of a contingency contract are there to protect buyers and sellers. Home inspection. A home inspection is the foundation on which all other real estate contingencies are built. Mold remediation.

Inspection 203

Inspection Real Estate Agent Real Estate Buyers 203

Housing Wire

JUNE 24, 2021

The all-cash contract signed between Accept.inc and the seller is still contingent on a satisfactory inspection that can be negotiated between the buyer and agent. If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close.

Sellers 313

Sellers Buyers Investors Inspection 313

Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. There had been nearly one-third of buyers who waived an inspection or appraisal contingency, but the last month it fell to just over 20% for both.

Realtors 378

Realtors Housing Market Marketing Buyers 378

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. Rate buy-downs are another option I recommend in this market. Let’s use $10,000 as an example.

Agents 384

Agents Buyers Sellers Inventory 384

Housing Wire

SEPTEMBER 9, 2020

With record-low interest rates, paltry inventory and a surge in buyers, agents are advising clients to be extraordinarily aggressive to win. Another critical element, according to agents, is not to make the deals contingent upon things like inspections and not to “nickel and dime” the seller. of offers, followed by townhomes at 54.7%

Agents 477

Agents Marketing Clients Buyers 477

Listing Spark

AUGUST 25, 2022

Home inspections are a critical part of real estate. For most buyers and sellers though, they don’t know what they should be looking for in a home inspection. Is there anything you can do to better prepare for future home inspections? 1:08 – What Clayton and Green Scene Home Inspections do. Episode overview.

Inspection 36

Inspection Real Estate Construction Sellers 36

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. In the process of selling their home, the builder told them that they had to revise their contract to reflect the increase in building materials.

Market Value 298

Market Value Contracts Appraisal Buyers 298

Empire Appraisal Group

MARCH 16, 2023

Gone were sound practices like inspections, appraisals and even contingent offers. Houses received multiple strong offers soon after a house went on the market, often going under contract within a matter of days. The first is Active Inventory , which is the number of homes actively on the market at a particular time.

Sellers 78

Sellers Inventory Realtors Clients 78

Cleveland Appraisal Blog

MAY 27, 2021

Right now, in many contracts, buyers state that they will not pay more than a certain about over the appraised value of a home. Imagine if the appraiser just magically hit the contract price when there was really no support for doing so. So, having a well-developed and supportable opinion of value is important. SIZE MATTERS.

Market Value 418

Market Value Appraisal Buyers Marketing 418

Appraisal Today

SEPTEMBER 22, 2023

To me, the big issue is who is doing the inspections. Most of the inspection training we receive as appraisers happens in the field. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing. Inspection training was very good. Read the full report. Very interesting.

Appraisal 86

Appraisal Training Inspection Real Estate 86

Eppraisal

SEPTEMBER 30, 2021

The inventory of available homes is at a record-breaking low. Many real estate contracts have this provision written in as an optional paragraph. The buyers and sellers need to initial the paragraph to make it part of the contract terms. Sometimes sellers think that "as is" means that the buyers are waiving the inspections.

Inspection 36

Inspection Sellers Contracts Real Estate 36

Housing Wire

NOVEMBER 30, 2023

Topics Covered Include Misrepresentation / The Most Common Lawsuit, Property Disclosures and Inspection Issues, Environmental Risk Issues & Additional Risk Management Concerns Ohio 9-Hour Mandatory Core CE Package: Meets CE Requirements with 9 Hrs of Mandatory Core Courses. Athens Campus location.

Real Estate 369

Real Estate Real Estate Agent Law Inspection 369

Hank Miller Team

FEBRUARY 27, 2022

Inventory is even lower than last year and no one is expecting a major change any time soon. For these buyers, the max effort has to be given to finding a seller motivation that's not tied to the contract process. The average mortgage rate is a good 1 higher than twelve months ago, with an expected 3-5 Fed rate bumps over '22.

Buyers 52

Buyers Inspection Contracts Sellers 52

Hank Miller Team

OCTOBER 12, 2023

How is the Housing Inventory in Atlanta? Some data lags - like closings and contracts. Many times closing price does not reflect closing costs, inspection adjustments and/or other concessions. We'll answer the "how many, how long, and how much" questions. Every single piece of real estate is different.

Real Estate 40

Real Estate Marketing Contracts Agents 40

Hank Miller Team

APRIL 4, 2022

What are the trends, inventory, mortgage rates, forecasts? While there are no guarantees (esp in real estate), most of the buyers getting under contract are exercising measured risk. Those not waiving inspections try for the “right to inspect”; a modified and very narrow inspection option.

Buyers 75

Buyers Inspection Sellers Contracts 75

Birmingham Appraisal

JUNE 1, 2022

If financing were not an issue, and the buyer couldn’t care less about how their contract price compared to other similar properties, it would just be a matter of connecting the buyer with the seller and signing on the dotted line, but life isn’t always so easy. There can be numerous reasons for a slowdown in pending sales.

Agents 52

Agents Marketing Contracts Inventory 52

Eppraisal

APRIL 8, 2021

According to the National Association of Realtors (NAR), the inventory of homes is at it's lowest since 1999. The NAR cites that in December of 2020 the inventory was down 23% compared to December of 2019. When buyers purchase a home "as is" they can still have inspections performed. It's a "super seller's market" right now.

Marketing 36

Marketing Inspection Contracts Buyers 36

Appraisal Today

MAY 26, 2023

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.

Easement 52

Easement Contracts Appraisal Inspection 52

Cleveland Appraisal Blog

JANUARY 7, 2021

However, what if the car salesman said that the buyer would have to sign a contract stating that they could not resell the second car? Upon inspecting this home, I found that the home sits on a huge rock formation, which takes up a good portion of the left side of the property. They would just have to figure out a way to use it.

Appraisal 344

Appraisal Legal Inspection Real Estate 344

Birmingham Appraisal

JUNE 13, 2023

If you choose not to be at the property during the appraisal inspection let the appraiser know you are available to answer any questions they may have. If there are no comparable sales that support the contract price, this may result in a lower appraised value.

Real Estate Agent 81

Real Estate Agent Real Estate Agents Reconsideration of Value 81

Appraisal Today

JANUARY 5, 2024

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. Added Kan, “The housing market has been hampered by a limited supply of homes for sale, but the recent strength in new residential construction will continue to help ease inventory shortages in the months (to) come.” percent of total applications from 39.4

Appraisal 75

Appraisal Contracts Legal Business 75

PennyMac

DECEMBER 22, 2020

In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. During the appraisal, a licensed appraiser will take inventory of major systems (i.e., Step 7: Have the Property Inspected.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Appraisal Today

OCTOBER 20, 2023

The inspection was uneventful. I was given a lockbox combination and inspected the vacant home. The lender may also contact the In-Plant Primary Inspection Agency or the manufacturer for the HUD Data Plate information. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 7.36

Appraisal 71

Appraisal Design Contracts Inspection 71

Eppraisal

APRIL 20, 2021

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. Your Offer Price As mentioned, the inventory of homes for sale is even lower than it was last year at this time. With limited inventory, home values are on the rise.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Appraisal Today

AUGUST 18, 2023

That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. This was the same process many of us underwent with the exterior-only (drive-by) inspections. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.93 percent from 7.09

Appraisal 75

Appraisal Contracts Inspection Real Estate 75

Appraisal Today

MARCH 8, 2024

By Peter Christensen Excerpts: Should “property data collectors” who inspect properties and provide information to real estate appraisers be licensed by state appraiser boards? Other sources of housing data are showing increases in new listings, which is a real positive for the spring buying season given the lack of for-sale inventory.”

Appraisal 82

Appraisal Contracts Real Estate Housing Market 82

Appraisal Today

MAY 24, 2024

The vendor works its magic (I would encourage anyone interested at this stage to visit the one identified vendor webpage ([link] and especially click the link to “Appraisals and Inspections” to see how the product can be used for the stated purpose). The average contract interest rate for 5/1 ARMs decreased to 6.48

Appraisal 81

Appraisal Contracts Mortgage Reconsideration of Value 81

Rowe Appraisal Group

MAY 6, 2020

This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. Now, I know what you’re thinking, “Aren’t four separate signed contracts considered facts and/or market data?”. Bring him copies of the offers to the inspection. Are inventory levels low?

Realtors 36

Realtors Appraisal Contracts Real Estate Agent 36

Rowe Appraisal Group

MAY 6, 2020

This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. Now, I know what you’re thinking, “Aren’t four separate signed contracts considered facts and/or market data?”. Bring him copies of the offers to the inspection. Are inventory levels low?

Realtors 36

Realtors Appraisal Contracts Real Estate Agent 36

Eppraisal

SEPTEMBER 7, 2022

The inventory of listed homes on the market has been historically low. They will not have to waive inspections and appraisals. Listing agents did not have to do as much to get a home under contract as they do in a more balanced market or in a buyer's market.

Real Estate 69

Real Estate Agents Real Estate Agent Marketing 69

Cleveland Appraisal Blog

MARCH 18, 2021

When I made my inspection, I measured the property. With a shortage of inventory, it was not hard to imagine why this might be the case. Therefore, my opinion of value was in the mid-sixties, which was far below the contract price. What if my appraisal report, mysteriously came in at the same price as the contract price? .

Appraisal 195

Appraisal Investors Buyers Market Value 195

Eppraisal

MARCH 13, 2021

According to the National Association of Realtors, the inventory of available homes on the market set a record at the end of 2020 as being the lowest since 1999. Explain documents such as contracts and disclosures. * Help you arrange inspections. It's a contract with terms that both you and your buyer's broker must fulfill.

Buyers 36

Buyers Brokerage Contracts Home Value 36

Eppraisal

OCTOBER 2, 2021

Your agent should know the real estate contract like the back of her hand. Your agent should be able to explain every detail about the contracts, including any addendums, riders or clauses that may make each one stand out. There are attorney, inspection, appraisal and financing contingencies to consider, to name a few.

Agents 36

Agents Real Estate Agent Marketing Real Estate 36

Realtor

MAY 18, 2018

That’s instead of having professional appraisers come out to physically inspect the homes, look at recent sales data in the area, and perform their own analyses to come up with the valuation. But “the longer it hasn’t been appraised, the more apt you are not going to get a property inspection waiver.”.

Appraisal 78

Appraisal Inspection Buyers Valuation 78

Realtor

MAY 18, 2018

That’s instead of having professional appraisers come out to physically inspect the homes, look at recent sales data in the area, and perform their own analyses to come up with the valuation. But “the longer it hasn’t been appraised, the more apt you are not going to get a property inspection waiver.”.

Appraisal 78

Appraisal Inspection Buyers Valuation 78

The Robert Weiler Company

APRIL 5, 2023

Warehouse space is typically taller than office space, allowing you more vertical space to store inventory. LawDepot™ explains a sublease as, “… a legally binding contract between a tenant and a new tenant… The sublease gives the subtenant the right to share or to take over the rented premises from the first tenant.”

Landlords 144

Landlords Tenants Logistics Real Estate 144