Assurance Financial

DECEMBER 20, 2021

There are many factors to consider when selling a home, and you may be wondering what happens to your mortgage when you move. After all, the 2018 American Community Survey found that the median length of time homeowners stayed in their homes was 13 years, a shorter length of time than most mortgage terms.

Mortgage 74

Mortgage Sellers Buyers Finance 74

D Fritz Appraisals

MARCH 16, 2021

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. If you want to refinance, sell, or buy, the appraisal provides mortgage lenders with straight facts so they can underwrite loans based on the purchase price or the appraisal (whichever is lower.)

Appraisal 126

Appraisal HOA Easement Valuation 126

Empire Appraisal Group

JULY 1, 2021

Look up the legal description of the property and include a copy of the most recent tax bill, which can show whether the home is in a special tax district, said Maureen Sweeney, a residential real estate appraiser and member of the Illinois Real Estate Appraisal Administration and Disciplinary Board. Let them know how many offers came in.

Agents 78

Agents Appraisal Real Estate Realtors 78

Quicken Loans

MAY 18, 2021

Not only do you have to worry about the mortgage, but you’ll also have to contend with taxes, upkeep, sharing ownership with other stakeholders and more. Each option comes with its own set of legal, financial and emotional implications, which means you’ll want to deeply consider all three before making a final decision.

Landlords 55

Landlords Decorating Market Value Mortgage 55

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. The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Today

APRIL 14, 2023

For many different reasons, properties can come on the market in less-than-par condition. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” If our business revolves around mortgage lending, we are used to dealing with clients who have a certain level of sophistication.

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

AmeriMac

JULY 25, 2022

An appraisal is the fair valuation of a property based on a professional’s opinion, mainly if the payment method includes a mortgage. The income capitalization approach values a property based on the annual income generated minus the yearly cost of the property’s maintenance. Resolves Legal Conflict. What Is an Appraisal?

Real Estate 36

Real Estate Appraisal Valuation Clients 36

Zillow

JULY 15, 2019

This document spells out all the terms of the loan: the amount, the interest rate, the monthly payment, mortgage insurance, the monthly escrow amount and all closing costs. Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

PennyMac

JUNE 28, 2022

Getting a mortgage isn’t free, and closing on a house isn’t free. After all, you’re already paying a down payment, potentially a mortgage payment, and potentially other fees. From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. Closing Fee. Courier Fee.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Realtor

OCTOBER 29, 2020

Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Get final mortgage approval. Clear the title.

Buyers 208

Buyers Inspection Contracts Real Estate Agent 208

Appraisal Today

FEBRUARY 16, 2024

NOTE: Please scroll down to read the other topics in this long blog post on appraiser fights back against bias accusation, ok behavior when taking Zoom CE classes, estate appraisal liability issues, unusual homes, mortgage origination stats, etc. = Get the relevant date of value from the client or client’s attorney.

Appraisal 81

Appraisal Contracts Training Architecture 81

Simonson Real Estate

JULY 10, 2020

Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc. Under fee simple ownership, a property owner may occupy the property and have the right to sell, lease, mortgage, or give an interest away. Value Scenarios. What is Market Value As Is and When is it Used?

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Simonson Real Estate

DECEMBER 6, 2022

Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc. Under fee simple ownership, a property owner may occupy the property and also has the right to sell, lease, mortgage or give an interest away. Clarify What Value or Values are Needed.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Appraisal Today

APRIL 1, 2023

This begs the question of why two reviewers went out of their way to compliment my work, when it seems that almost every mortgage assignment that I complete for a production group, comes back with stipulations. Get the relevant date of value from the client or the client’s attorney. baths, in 2,522 square feet of living space.

Clients 52

Clients Appraisal Contracts Business 52

Realtor

OCTOBER 29, 2020

Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Get final mortgage approval. Clear the title.

Buyers 78

Buyers Inspection Contracts Real Estate Agent 78

AmeriMac

JANUARY 3, 2022

Then, they’ll compare what they’ve learned to everything they know about the current condition of the home in question to come up with fair market value. The easy way to think of it is that an appraisal is entirely focused on determining the true value of a home. What Is an Appraisal Contingency?

Appraisal 36

Appraisal Buyers Sellers Contracts 36

AmeriMac

JANUARY 3, 2022

Then, they’ll compare what they’ve learned to everything they know about the current condition of the home in question to come up with fair market value. The easy way to think of it is that an appraisal is entirely focused on determining the true value of a home. What Is an Appraisal Contingency?

Appraisal 36

Appraisal Buyers Sellers Contracts 36

Listing Spark

AUGUST 2, 2021

If your home qualifies, Offerpad will have one of their “market experts” determine the market value and decide what Offerpad is willing to offer. They will then prepare a written offer using contracts that are normal to their respective market, along with several Offerpad addendums. Offer Calculation.

Contracts 36

Contracts Real Estate Inspection Sellers 36

Appraisal Today

SEPTEMBER 9, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Value Reconciliation, non-lender appraisals, liabililty, USPAP, unusual homes, mortgage origination stats, etc. =. Get the relevant date of value from the client or client’s attorney. So they are paying investment value, not market value.

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients Contracts 52