Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = USPAP does not require use of the specific term “personal inspection”. Answer: No.

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Appraisal Inspection Modernization Business 68

Eppraisal

DECEMBER 20, 2022

The Multiple Listing Service Most real estate agents are members of a local listing service referred to as the multiple listing service (MLS). Be prepared to negotiate with the sellers to make the final contract a win-win. Signed and Delivered After you and the sellers come to an agreement on all terms, you will all sign the contract.

Real Estate 36

Real Estate Buyers Inspection Real Estate Agent 36

McKissock

JULY 26, 2022

Timeliness and types of inspections. Regardless of the strengths and weaknesses of the competing offers, the seller can only negotiate one offer at a time until there is a binding contract. If you do not feel comfortable in this role, you may ask a buyer if they would like to be referred to another agent. Finally under contract.

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Real Estate Counter Offer Buyers Inspection 81

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.

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Appraisal Training Inspection Real Estate 85

Lamacchia Realty

MAY 18, 2021

This means negotiating the terms of contracts, closing costs, home inspections, and so much more. Review References. When you go to an interview, your potential employer asks for references from past jobs to get a better idea of what they can expect if they hire you. Find Someone You Feel Comfortable With.

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Real Estate Agent Real Estate Agents Realty 59

Boston Appraisal

DECEMBER 11, 2023

For example, you can provide a copy of the sales contract, a list of recent improvements and their costs, a survey or plat map, a floor plan, deeds, a title report, or a homeowner association’s agreement. You can also point out any unique or relevant features of the property, such as a view, a pool, a fireplace, or a solar panel system.

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Appraisal Process Real Estate Appraisal Easement 78

Eppraisal

DECEMBER 23, 2022

If a buyer calls you directly or knocks on your door, refer them to your listing agent. Inspection Period After the contract is signed and delivered to all parties, it becomes a fully executed contract. The contract allows the buyer a certain number of days to have home inspections performed.

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Real Estate Sellers Inspection Contracts 36

McKissock

MARCH 29, 2022

Hear about PAREA, the new USPAP Reference Manual, as well as an update on current AQB and ASB activities. Desktop Property Inspections with RemoteVal. Are you interested in reliable, appraiser-centric technology that empowers you to complete thorough, compliant inspections without leaving your office?

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Appraisal Inspection Real Estate Technology 78

McKissock

JULY 19, 2022

Hasty changes to terms and conditions of the housing contract. Sellers are often on a time crunch to get properties locked into a contract, which leaves little time to properly deal with the unexpected. Looks can be deceiving, so be sure to ask for the paperwork showing that routine inspections have been performed.

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Real Estate Real Estate Agent Sellers Agents 98

Raleigh Realty

MARCH 23, 2021

This process, which real estate agents refer to as “running comps,” involves finding homes that have closed in your area, looking at their size and sale price, and using that research to determine what your home should be listed for. For example, buyers may make an offer on your home that is contingent on your house passing a home inspection.

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Real Estate Agent Real Estate Realtors Contracts 133

Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. Earnest money is sometimes referred to as a "good-faith" deposit. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money.

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Contracts Real Estate Agent Sellers Real Estate 36

Appraisal Today

AUGUST 18, 2023

Integrated commentary Gone are the days of vague references to some addendum page that the reader has to hunt down. Appraisers can provide their insights right next to the data, photos, maps, or figures it refers to. This was the same process many of us underwent with the exterior-only (drive-by) inspections. percent from 7.09

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Appraisal Contracts Inspection Real Estate 73

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. Can you provide any references? Reduce legal concerns.

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Property Management Tenants Real Estate Investors 78

Birmingham Appraisal

FEBRUARY 28, 2023

These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price. Mistakes To Avoid 1) Failing to Prepare the Property One of the most common mistakes that sellers make is failing to prepare the property for the appraisal inspection.

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Sellers Real Estate Appraisal Appraisal Process 78

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? The present bill also refers to requirements for data collectors established by the Appraiser Qualifications Board, which do not exist. percent from 7.04

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Appraisal Contracts Real Estate Housing Market 81

McKissock

JUNE 21, 2021

Contracts fall through. Inspections and appraisals come back with deal-breaking news. Studies have shown that the most loyal customers—the ones who will use you again or refer you to others—aren’t the ones who never experience problems. Even if a monster contract for you just fell through. Bad things happen.

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Clients Real Estate Contracts Business 98

Listing Spark

OCTOBER 9, 2023

For Sale By Owner refers to the process of selling a home without the involvement of a real estate agent or broker. Legal and Paperwork: Familiarize yourself with local and state laws regarding disclosures, contracts, and other legal requirements. What is For Sale By Owner? Consulting with an attorney can help ensure compliance.

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Real Estate Agent Legal Real Estate Agents 36

Appraisal Today

NOVEMBER 4, 2022

Our office updates AMCs on every scheduling attempt with details, every inspection appointment set and completion, and any materials needed ASAP in the assignment. Appraisers tend to get annoyed with constant emails from the AMC about inspection date, completion, report submission, etc. Property inspection date. Effective date.

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Reconsideration of Value Appraisal Inspection Advertising 52

Housing Wire

NOVEMBER 30, 2023

You’ll also want a sponsoring real estate brokerage that offers administrative support, including inputting MLS information, helping with contract follow-up, and handling other office tasks. The following are forms of photo ID accepted for the exam: [8] Current state-issued driver’s license Current state-issued identification card U.S.

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Real Estate Real Estate Agent Brokerage Agents 423

Hank Miller Team

NOVEMBER 4, 2022

Five minutes on Google and calling a few references can validate an agent, so simple and yet many buyers never did that. No due diligence, inspections, finance, appraisal, survey…all waved. In other words, experience in how to manage contracts and deals matters. Many buyers overpaid just to “win”; the only winner was the seller.

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Buyers Real Estate Agent Agents Real Estate 40

Raleigh Realty

AUGUST 27, 2021

When you are referred to a certain agent, it is still a good idea to conduct your own interviews with this person to make sure they are actually a good fit before signing an agency agreement. Inspection - Why do we conduct a home inspection once you have made an offer on a home? What Are My Total Costs?

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Real Estate Agent HOA Agents Real Estate 78

Movoto

JANUARY 31, 2022

A home closing—also known as the settlement—refers to the date when a property’s title and deed are transferred to the buyer, officially making them the new owner. You will be required to sign all mortgage documents provided by the lender, including: Note: This is essentially your loan contract, and usually includes a promissory note.

Real Estate Agent 36

Real Estate Agent Sellers Insurance Buyers 36

Lifestyle Properties of Maine

AUGUST 6, 2019

What if the home doesn’t appraise for the contract value? ” - redfin.com An appraisal is a document compiled by the licensed appraiser only- a similar process can be followed by a real estate agent but is referred to as a BPO (broker’s price opinion) and are not accepted by lenders to qualify homes for loans.

Real Estate 28

Real Estate Appraisal Inspection Contracts 28

Housing Wire

MARCH 7, 2022

We understand the process very well,” Karayaneva said, in reference to the real estate sale. “We between signing a contract to buy a home and purchase closing is 50 days, according to a September 2021 report from ICE Mortgage Technology. Propy said it is not against the home inspection process. We do all the heavy lifting.”.

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Real Estate Law Inspection Agents 485

Property Metrics

AUGUST 13, 2020

Macroeconomic risk refers to how broad, national level economic activity impacts property cash flows and valuation. Legislative or regulatory risk refers to any change in regulations or law that can impact real estate owners or tenants. Space market risk refers to the probability that those expectations are incorrect.

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Real Estate Tenants Investing Construction 53

Aedis Appraisals

JANUARY 12, 2018

To put it simply, today’s most reputable appraisers are versatile, resourceful, and incredibly skilled at facilitating empirical itemisations for any number of real estate properties; they compile the most important facts and figures and cross-reference the findings to establish a comprehensive outlook for a forthcoming transaction.

Real Estate 36

Real Estate Appraisal Valuation Legal 36

Appraisal Today

OCTOBER 7, 2022

Good tables and explanations, with references to the Selling Guide. Other risks include getting injured during an inspection, plus the risks we all have of a serious medical problem. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.75

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Appraisal Contracts Architecture Housing Market 52

Quicken Loans

APRIL 12, 2021

When this happens, the foreclosed home becomes a bank-owned property, also referred to as a real estate owned property (REO). When you buy a home at auction, you’re typically purchasing the home “as is” without an inspection or an appraisal. In some cases, the bank conducts an inspection after taking back the home.

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Inspection Property Taxes Mortgage Investors 54

AmeriMac

FEBRUARY 18, 2021

A home appraisal refers to an unbiased and accurate report of your home’s worth. In turn, they can make sure they are drafting the ideal contract with the buyer. A precise appraisal is a critical step of the process regardless of whether you want to sell, buy, or refinance. What is the Appraisal Process?

Appraisal Process 36

Appraisal Process Appraisal Sellers Buyers 36

AmeriMac

FEBRUARY 18, 2021

A home appraisal refers to an unbiased and accurate report of your home’s worth. In turn, they can make sure they are drafting the ideal contract with the buyer. A precise appraisal is a critical step of the process regardless of whether you want to sell, buy, or refinance. What is the Appraisal Process?

Appraisal Process 36

Appraisal Process Appraisal Sellers Buyers 36

The Robert Weiler Company

OCTOBER 21, 2022

In general, the full cycle of the commercial real estate appraisal process can take several days to weeks, when you factor in the inspection and subsequent investigative work. It details a broad range of appropriate information within the actual report, with minimal references to files outside the report.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

AmeriMac

FEBRUARY 18, 2021

A home appraisal refers to an unbiased and accurate report of your home’s worth. In turn, they can make sure they are drafting the ideal contract with the buyer. A precise appraisal is a critical step of the process regardless of whether you want to sell, buy, or refinance. What is the Appraisal Process?

Appraisal Process 28

Appraisal Process Appraisal Sellers Buyers 28

Patch of Land

JANUARY 22, 2020

Jason Lambert, NARI: Pay attention to building codes and best practices even if you’re not pulling a permit or having the project inspected. When estimating a DIY project, get a time reference from an experienced professional and allow yourself twice the allotted time. Kevin Knobles, KMK Contracting: “Jack of all, master of none.”

Construction 39

Construction Design Training Renovations 39

Raleigh Realty

MARCH 29, 2021

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. Refinancing refers to when a homeowner replaces the current loan package with a new one. Due diligence stretches from the time you sign a contract to closing. Also, ask about issues like lead paint.

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Government Real Estate Agent Insurance Property Taxes 148

Appraisal Today

OCTOBER 6, 2023

All Advisory Opinions, Frequently Asked Questions and the recently launched Reference Manual will now be part of a standalone publication called the 2024 USPAP Guidance and Reference Manual. You can also purchase a linked digital version of the eUSPAP and Guidance and Reference Manual and get seamless access across both documents.

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Appraisal Contracts Real Estate Mortgage 76

Appraisal Today

JANUARY 26, 2024

Personal Inspection I recently completed an appraisal on a residential dwelling for Lender A that sells loans to Fannie Mae and Freddie Mac and the report was completed on a GSE form. Lender B indicated there wasno need for me to re-inspect the home, since my previous inspection date was only a few days earlier. percent from 6.75

Contracts 83

Contracts Appraisal Mortgage Inspection 83

Raleigh Realty

MAY 3, 2021

Keep Your Credit Utilization Low Credit utilization refers to how much of your credit card limits you're spending. If you are wondering if a home inspection is worth the cost, the answer is. Hiring a real estate agent gives you a knowledgeable professional who knows how to read contracts. They can gauge market conditions, too.

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Real Estate Agent Real Estate Insurance Inspection 78