Appraisal Today

JANUARY 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on New CA bias classes, 2024 New Years resolutions, 2024 goals, unusual homes, mortgage origination stats, etc. Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M It’s known as the “Modern Montauk Tree House,” the listing notes.

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Appraisal Contracts Legal Business 75

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.

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Easement Contracts Appraisal Inspection 52

Appraisal Today

NOVEMBER 17, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Liability, Bias, reviewers with little experience, GSE modernization, unusual homes, mortgage origination stats, etc. acre lot A spectacular midcentury modern home, cantilevered 16 feet in the air, recently hit the market for $3 million in Oakland, CA.

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Appraisal Today

MARCH 8, 2024

NOTE: Please scroll down to read the other topics in this long blog post on property data collectors, economic analysis, managing your email inbox, unusual homes, mortgage origination stats, etc. percent from one week earlier = Mortgage applications increased 9.7 March 6, 2024) — Mortgage applications increased 9.7 by year-end.

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Appraisal Contracts Real Estate Housing Market 82

Lamacchia Realty

OCTOBER 6, 2021

No home insurance, no mortgage. You must hire an electrician and submit to your insurance agent a contract stating that the knob and tube wiring will be replaced within 60 days. They will come out and do an inspection prior to coverage, but the inspection is free of charge. Financing a Home with Knob and Tube Wiring.

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Insurance Inspection Buyers Modernization 72

Appraisal Today

JANUARY 20, 2023

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. NOTE: Please scroll down to read the other topics in this long blog post on AMC fees, Real estate forecast, Google Business Profile, unusual homes, mortgage origination stats, etc. Chance to really irritate annoying real estate salespeople.

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Appraisal Contracts Sellers Business 52

Appraisal Today

AUGUST 18, 2023

With the GSE appraisal modernization program, appraisers will more likely be asked to complete desktop or hybrid appraisal assignments in the future. This was the same process many of us underwent with the exterior-only (drive-by) inspections. Varies widely around the country. == Mortgage applications decreased 0.8

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Appraisal Contracts Inspection Real Estate 75

Appraisal Today

OCTOBER 13, 2023

Revising the definition of personal inspection For purposes of clarification, the ASB revised the definition of personal inspection to read, in part: “(for an appraisal assignment) the appraiser’s in-person observation of the subject property performed as part of the scope of work…” There are three key elements to this definition.

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Appraisal Law Contracts Business 80

Clear Capital

JANUARY 5, 2023

As a first-time buyer, unless you are among the 6% who purchase their homes entirely with cash , you are likely financing the transaction and your mortgage lender will require an appraisal. Freddie Mac’s researchers also reviewed demographic data provided by the homebuyer on their mortgage application and noted an appraisal gap of 2.9

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Will Springer Realtor

JULY 20, 2021

There was a time not too long ago when almost all residential real estate transactions required face-to-face customer interaction with a real estate agent/broker and ancillary services such as title, escrow, mortgage and home inspection. What’s a Rolodex?! Convenience. Efficiency. Concerned the hot-water heater may be on its last leg?

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Real Estate Sellers Contracts Buyers 36

The Robert Weiler Company

MARCH 29, 2023

With regularly scheduled inspections, potential issues are discovered early on before it turns into an emergency. Also, you can sometimes obtain maintenance services at a discounted rate when the work is contracted through the property management company. Is there a fee for early termination of the property manager company contract?

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Property Management Tenants Real Estate Investors 78

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. No inspections or appraisals? USPAP and the Contract.

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Appraisal Contracts Real Estate Mortgage 52

AmeriMac

JANUARY 3, 2022

Note that this is an entirely separate process from something like a home inspection. A home inspection, on the other hand, is all about the functional quality of the home. An appraisal contingency, by association, is a condition built into the real estate contract that both buyers and sellers will need to adhere to.

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Appraisal Buyers Sellers Contracts 36

AmeriMac

JANUARY 3, 2022

Note that this is an entirely separate process from something like a home inspection. A home inspection, on the other hand, is all about the functional quality of the home. An appraisal contingency, by association, is a condition built into the real estate contract that both buyers and sellers will need to adhere to.

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Appraisal Buyers Sellers Contracts 36

Aedis Appraisals

JUNE 13, 2017

So, if you happen to be interested in getting a real estate appraisal in Toronto , for instance, feel free to use this article as an introductory guide to understanding the ins and outs of the modern appraisal process. Home Appraisal and Home Inspection Differences. What Is an Appraisal and When Do I Need One?

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Property Appraisal Appraisal Inspection Real Estate 36

Appraisal Today

SEPTEMBER 23, 2022

NOTE: Please scroll down to read the other topics in this long blog post on VA changes, Driving vs. office time, unusual homes, mortgage origination stats, etc. House Passes VA Appraisal Modernization Legislation. ” “Inspections in a rural area put me on the road up to 200 miles in one day. Click here for more info!

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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

The Robert Weiler Company

SEPTEMBER 23, 2021

NOI is a figure – not a calculation – that is, the amount of income the asset yields after operating expenses (including vacancy and loss) and before the mortgage is paid. When buying commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records.

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Retail Real Estate Business Training 158

Appraisal Today

NOVEMBER 20, 2022

Failures to personally inspect and photograph comparables. NOTE: Please scroll down to read the other topics in this long blog post on State board complaints, non-lender appraisals, mortgage forecast, real estate market changes, unusual homes, mortgage origination stats, etc. ==. Mortgage applications increased 2.7

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Appraisal Real Estate Agent Real Estate Contracts 52

Will Springer Realtor

MAY 9, 2022

That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. home prices, up 14% year over year (YoY) by one measure, and escalating mortgage rates, which have risen about 2.1 The potent combo of rising U.S. home (about $400,000 vs. $880,000 in King County).

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Architecture Design Buyers Construction 36

Will Springer Realtor

MAY 13, 2024

MAY HOUSING UPDATE Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. About three-quarters of the 459 residences are under contract with a target opening late this year. Another two homes are under contract and should be in the sold column in a matter of days.

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HOA Transportation Construction Buyers 36

Clear Capital

SEPTEMBER 29, 2021

It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers. And then they can conveniently and peacefully get their mortgage two weeks, a month, two months later. Kenon Chen. It’s all for the podcast, everything we do.

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Sellers Agents Real Estate Buyers 69

The Robert Weiler Company

NOVEMBER 10, 2021

NOI is a figure – not a calculation – that is, the amount of income the asset yields after operating expenses (including vacancy and loss) and before the mortgage is paid. 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.

Real Estate 78

Real Estate Retail Investing Tenants 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.

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Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

SEPTEMBER 8, 2021

Some mortgage companies are helping RSU holders to include this potential future income in the formula to determine a buyer’s credit worthiness. million mortgages in Q2, a 3% drop from Q1, marking the first time since early 2020 that the total number of home mortgages decreased. Baby monitors and nanny cams were less common.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

AUGUST 9, 2022

RECESSIONS AND MORTGAGE RATES Recent data and the traditional definition show we are now in a recession even though there is debate among economic and political folks. this chart shows, each time the economy slowed significantly, mortgage rates declined. In fact, rates have fallen by an average of 1.1 year-on-year (YoY).

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Inventory Buyers New Listings Construction 36