The Robert Weiler Company

OCTOBER 15, 2021

Also, find out what benefits the new tax bill brought to the commercial real estate industry, particularly for Ohio investors; these benefits might motivate you to make that buy decision quicker than you thought! For CRE investors, the cap rate is a way to determine the property’s ROI potential.

Investing 138

Investing Real Estate Tenants Investors 138

McKissock

JANUARY 6, 2023

You should also consider non-QM lenders (non-qualified mortgage lenders). Aside from that, there are also private mortgage insurance (PMI) providers, like Radian, MGIC, or Genworth that may have open appraisal-related jobs. These may be full-time jobs or contracted services.

Appraisal 74

Appraisal Training Lending Land Management 74

Appraisal Today

MARCH 31, 2023

First, “third party” inspections. And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. Secondly, the 3rd party inspection is sent to a licensed appraiser. The only reason for these changes are about a piece of the 11 TRILLION dollar mortgage market.

Appraisal 52

Appraisal Contracts Inspection Clients 52

PennyMac

SEPTEMBER 6, 2023

Other cash buyers, like investors, may also be ready to buy your house quickly. Buyers will have an inspection done and the cost of some repairs or updates, especially those regarding safety, often falls to the seller. Less hassle and negotiating A home inspection that uncovers a lot of issues can cost a decent amount of money upfront.

Renovations 36

Renovations Inspection Sellers Buyers 36

PennyMac

DECEMBER 22, 2020

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. REO properties are attractive to homebuyers or real estate investors for several reasons. Foreclosure.

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Appraisal Today

APRIL 7, 2023

AMCs Assuring that the appraiser has the correct contact information for an inspection is very important. There have been numerous instances in which I have not been able to get ahold of a contact for an inspection only to find out weeks later that the AMC gave me the wrong contact information. Mortgage applications decreased 4.1

Appraisal 52

Appraisal Property Taxes Reconsideration of Value Contracts 52

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. ==. It looks like the change is starting because of increasing mortgage interest rates. All cash and investors. No inspections or appraisals?

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Quicken Loans

APRIL 12, 2021

Foreclosure happens when a borrower fails to pay their mortgage payments and the lender or mortgage investor must repossess the home. Foreclosure : the legal process in which a lender or mortgage investor takes back unpaid property. The lender is allowed to take back the home because a mortgage is a secured loan.

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Inspection Property Taxes Mortgage Investors 54

Housing Wire

JANUARY 11, 2024

” Rich Weidel, Princeton Mortgage CEO : “I’m in some owners working groups, and somebody will bring up a tech and either they’re having great success and we’re struggling with it, or we’re having great success and they’re struggling with it. And there are some states or even some geographies within states that still mandate that.

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Technology Contracts Business Appraisal 432

The Robert Weiler Company

SEPTEMBER 23, 2021

For commercial real estate companies and investors, looking at wide-ranging commercial property sectors, doing so can be an overwhelming (not to mention stressful and time-consuming) experience. To match the girth of American commercial real estate, it would take 7.2 million pools to fit it all in. Do you have a paper trail?

Retail 158

Retail Real Estate Business Training 158

Appraisal Today

APRIL 14, 2023

The terms “entrepreneurial incentive” and “entrepreneurial profit” are typically discussed in terms of investment property, but the principles involved can also be applied to the many fixer-uppers—whether the buyer is a “purely investor type” or an “owner occupied investor type.”

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

The Robert Weiler Company

OCTOBER 21, 2022

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. Investors can place their confidence in a licensed commercial real estate appraiser, especially one who is reputable and familiar with the local market.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values. April 10, 2024) — Mortgage applications increased 0.1

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Appraisal Construction Contracts Architecture 78

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

Property Metrics

AUGUST 13, 2020

Borrowers holding a mortgage with a floating interest rate are negatively impacted by rising interest rates. As interest rates increase, so do the monthly mortgage payments. In some cases, this can result in the cash flows no longer creating an acceptable return for an investor. Liquidity Risk.

Real Estate 53

Real Estate Tenants Investing Construction 53

Cleveland Appraisal Blog

MARCH 18, 2021

The property had been purchased for a price in the mid 50’s by an investor, two months prior to my appraisal. I was told by the investors, in an email that they sent me, that since they purchased the property two months ago, they updated the kitchen and bathroom, installed new flooring, a new furnace, and a new roof.

Appraisal 195

Appraisal Investors Buyers Market Value 195

Listing Spark

AUGUST 2, 2021

This is the same basic principal that your average real estate investor uses. Unlike other similar cash investors, Offerpad boasts a hybrid model that combines data and algorithms as well as in house local market experts to arrive at the ‘fairest’ price. How Does Offerpad Work? Offer Request. Offer Acceptance.

Contracts 36

Contracts Real Estate Inspection Sellers 36

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.

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Buyers Inspection Sellers Contracts 75

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Mortgage lending is very, very cyclical.

Appraisal 52

Appraisal Architecture Business Contracts 52

Houston Properties

JANUARY 13, 2021

Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. In addition, mortgage rates are at an all-time low. Some companies are offering 30-year fixed-rate mortgages for less than 2.3%. lower risk for mistakes.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

JANUARY 19, 2023

The report noted that “most bankers reported that residential mortgage demand remained weak.” Philadelphia – Homebuilders continued to report weak demand and a modest decline in contract signings for new homes. Days on the market are lengthening, and home inspections are becoming the norm again.

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Inventory Housing Market Marketing Construction 412

PennyMac

JANUARY 3, 2024

The Mortgage Process The mortgage process for a second-time homebuyer generally follows the same steps as a first-time homebuyer. Potential for No Down Payment While most mortgages require a down payment, you may qualify for a zero-down payment VA loan if you're a veteran, service member or military family.

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Real Estate Agent Buyers Real Estate Mortgage 36

Listing Spark

JULY 5, 2023

When new property investors think about the cost of having real estate investments, they might picture ongoing maintenance and repairs— approximately 1% of the property’s value per year. Buy-and-Hold Strategies If you’re a buy-and-hold investor, you plan on holding onto the property for a significant amount of time.

Investing 36

Investing Real Estate HOA Sellers 36

McKissock

APRIL 25, 2023

Businesses are observing a decline in demand for their goods and services, which should result in a further contraction of the labor market in the coming months. economy could experience a contraction this year. Mortgage rates began to rise again in February. in February, which pushed long-term yields and mortgage rates higher.

Real Estate 86

Real Estate Appraisal Contracts Construction 86

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

Renovations 343

Renovations Investing Real Estate Marketing 343

The Robert Weiler Company

NOVEMBER 10, 2021

For commercial real estate companies and investors, looking at wide-ranging commercial property sectors, doing so can be an overwhelming (not to mention stressful and time-consuming) experience. Low mortgage rates and an inventory crunch (limited supply) fuel the US housing market fire. million pools to fit it all in.

Real Estate 78

Real Estate Retail Investing Tenants 78

Clear Capital

SEPTEMBER 29, 2021

Following up on lots of the stories that have been out there in the media about potential purchase appraisal bias pertaining to race and ethnicity, Freddie Mac kicked off a study of whether minorities are more likely to receive an appraisal value that’s lower than the contract price during purchase transactions. Kenon Chen. Makes sense!

Sellers 69

Sellers Agents Real Estate Buyers 69

Will Springer Realtor

MAY 13, 2024

That’s according to a report from ATTOM Data Solutions, which noted Seattle metro was the second-most active major market (1M+ population) for flipped homes purchased by investors with financing, at 56.1%, behind only San Diego (56.4%). >> Another two homes are under contract and should be in the sold column in a matter of days.

HOA 36

HOA Transportation Construction Buyers 36

Appraisal Today

JUNE 2, 2023

Solutions to Keep You Safe Make sure you have a complete signed purchase contract. In the appraisal, list how many pages of the contract you have in your possession (In case someone is hiding pages from you). a year earlier, as elevated mortgage rates cooled homebuyer demand. Mortgage applications decreased 3.7

Appraisal 52

Appraisal Contracts Real Estate Agent Sellers 52

Houston Properties

JANUARY 12, 2022

Furthermore, the listing agent also often doesn’t make it easy for Houston homebuyers to get the survey, details and any prior inspection reports so you know really know what you’re buying. As home prices increase over time, it lowers the loan value of any mortgage debt. However, while this is technically true, it is not accurate.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Appraisal Today

JULY 15, 2022

She is talking about an investor buying and renting many rooms in a house, sometimes changing the floor plan. Many homes were changed to investor-purchased Airbnbs with few home rentals available for local residents. Is A Cubicasa Scan an Inspection? My comments : Good discussion on what is an inspection and who can do it.

Appraisal 59

Appraisal Inspection Contracts Business 59

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. Even investors are shying away from the marketplace. Sellers were uniquely positioned to make out handsomely.

Sellers 78

Sellers Inventory Realtors Clients 78

Will Springer Realtor

JUNE 9, 2021

Adjustable-rate mortgages were cheap and easy to acquire, home prices were artificially inflated and supply plentiful. The Federal Reserve is supporting the purchase of mortgage-backed securities as well as helping to sustain low interest rates for mortgages. Then the housing bubble burst. range won’t last forever.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Appraisal Today

MAY 5, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Appraisal Institute President, non-lender appraisals, Changing state appraisal laws, Fannie modernization, unusual homes, mortgage origination stats, etc. Many appraisers have expressed that they will never sign a report they didn’t personally inspect.

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Appraisal Contracts Architecture Law 52