article thumbnail

GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

Fannie Mae and Freddie Mac’s equitable housing finance plans further expand non-traditional property appraisals, which sometimes rely on property tax information, data collected by third parties, or algorithms to assess a property’s value. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

Appraisal 287
article thumbnail

How To Appraise Rural Properties

Appraisal Today

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. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Conservation Easement in Ohio: A Guide to Protecting Our Treasured Land

The Robert Weiler Company

The importance of a fully modern open space preservation vehicle – a conservation easement in Ohio – cannot be better summarized than by our 26th President. A simple conservation easement definition is a legal contract to protect private land, permanently. A contract between the landowner and the buyer is legally binding.

Easement 148
article thumbnail

The Pros and Cons of Buying a New Home vs. a Resale Home

Eppraisal

Property taxes can be higher because new infrastructure demands capital investment. Existing home values are set because everything is already finished when the contract gets signed. Without the more modern technology that conserves electricity and employs efficiency, utility bills can soar during the extreme weather months.

article thumbnail

How For Sale by Owner Is Changing in Texas

Listing Spark

While homeowners handle a lot of line-item fees while selling their homes—such as property taxes, concessions, and fees—the lion’s share of those costs goes toward commission fees. Staying in control of the contract process: In Texas, real estate agents must use standardized TREC contracts.

article thumbnail

7 Best Books for Rental Property Managers [in 2022]

The Robert Weiler Company

Some of the tips you’ll find include marketing for available rental spaces, increasing curb appeal, and updating the apartment building and rental space for lease to include modern features and amenities sought by today’s renters. Learning the laws and legalities associated with renting property can be daunting.

article thumbnail

FHA Handbook 4000.1 Appraisal Changes

Appraisal Today

The modern kitchen features wide-board pine floors and lots of windows to soak in the natural light. Also included are “niche” markets such as bail bonds, property tax appeals, and many more. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.20