Housing Wire

APRIL 18, 2023

While HELOCs continue to set the stage as flexible products that provide quick access to financing for a multitude of uses, including home renovations, debt consolidations or emergency purchases, severe contraction across the lending industry in the fourth quarter of 2022 affected HELOCs in terms of origination volume.

Lending 319

Lending Renovations Real Estate Finance 319

Housing Wire

MARCH 10, 2023

ATTOM , a real estate data provider, reports, however, that the “severe contraction across the lending industry in the fourth quarter of 2022 even hit HELOCs” in terms of origination volume. HELOCs also are popular because the interest on the loans is tax deductible if the funds are used for approved home renovations.

Housing Market 369

Housing Market Marketing Contracts Lending 369

Housing Wire

JULY 3, 2023

While the 30-year fixed-rate mortgages are the bread-and-butter products for PrimeLending (accounting for about 95% of origination volume), down payment assistance programs, renovation loans and temporary rate-buydowns have become popular options for buyers, Lugat noted.

Loan Officers 365

Loan Officers Marketing Retail Renovations 365

Zillow

MARCH 13, 2018

Even if you’re ready for a kitchen renovation or anxious for a bathroom remodel, figuring out how to plan a home renovation that doesn’t break the bank can be tricky. For example, a kitchen generally accounts for 10 to 15 percent of the property value, so spend no more than this on kitchen renovation costs.

Renovations 50

Renovations Contracts Modernization Investing 50

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Going for an as-is home sale eliminates the need for a lengthy renovation process. Moreover, buyers sometimes prefer to renovate the home according to their taste.

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Renovations Buyers Appraisal Investing 221

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

I have read some comments in the MLS, that state that a home had been completely renovated. However, when I looked at the photos, the home may have not been renovated. Perhaps it was updated nicely, but not to the degree of a full renovation. What should appraisers look for in a sales contract? – APPRAISAL TODAY.

Agents 374

Agents Appraisal Renovations Development 374

Cornerstone

MAY 4, 2021

But before you sign any contracts, keep in mind that there’s something unique going on in today’s housing market. Many more homebuyers are competing for available houses, and renovations might not be as necessary as they were to sell competitively just a few years ago. Keep 2 things in mind if you’re planning to sell this season.

Renovations 41

Renovations Home Improvement Loan Officers Real Estate Agent 41

Housing Wire

FEBRUARY 9, 2021

Four renovations to consider before selling your house. If you had an appraisal contingency in your sales contract, you could do this without any sort of penalty. But what does it mean for you as the buyer? Well, there are two scenarios you could find yourself in. More for Real Estate Enthusiasts. One more option.

Appraisal 458

Appraisal Real Estate Agent Sellers Real Estate 458

Cleveland Appraisal Blog

MARCH 25, 2023

Having had our kitchen gutted and remodeled a couple of years ago, I can honestly say that I had not thought about this question before our renovation. Also, if you are planning on doing a complete gut renovation of your kitchen, it is best to go for a larger dumpster, as the amount of debris generated will be significant.

Supply Chain 280

Supply Chain Renovations Appraisal Market Value 280

Housing Wire

APRIL 22, 2021

“I’m on my way with a client to show them a house that’s literally just gotten on the market, and by the time we get there, it’s already under contract with someone else,” she said. “It’s just insane. I don’t think I’ve ever seen this many sight-unseen buys in my life.”

Buyers 432

Buyers Inventory Renovations Realty 432

Housing Wire

MAY 20, 2022

If your home is more of an investment home, investors often want a home already outfitted with tenants or an underpriced home, so there’s room in the pricing to cover the cost of renovations. You don’t sell your home to the wholesaler; the contract gets transferred to a buyer the wholesaler finds for you. Sell to a Wholesaler.

Real Estate Agent 405

Real Estate Agent Tenants Real Estate Agents 405

Housing Wire

APRIL 9, 2021

Using another new tool, called “Raveis Refresh,” WRRE prepares the home for sale by making any necessary upgrades and renovations to maximize the home’s value and ensure that it sells above market average and quickly. WRRE has offers under contract plus more in the pipeline. billion in closed sales volume in 2020.

Brokerage 410

Brokerage Real Estate Clients Insurance 410

Appraisal Buzz

JUNE 6, 2022

But the other problem is that it undercuts the contract you’re entering when you agree to perform the appraisal. Oh yeah, we need the effective date to be two years ago,” or “actually, we want it to be appraised as if those renovations were completed, not as is.” That contract or agreement you make when you accept a job is critical.

Clients 221

Clients Appraisal Appraisal Process Inspection 221

The Robert Weiler Company

JUNE 17, 2022

The latter can be a lot cheaper but the amount of renovations required might end up costing you more in the long-run. Before hiring a property management company, make sure a contract is in place that covers all of your expectations. Plan your budget and understand your mortgage payments. Keep These Critical Tips in Mind.

Property Management 147

Property Management Renovations Real Estate Investing 147

McKissock

JANUARY 31, 2023

” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical. ” Appraisers are unbiased and must follow guidelines “I wish they understood that we cannot always ethically hit the sale contract price.” ” “How value is derived.”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

But did you know there are a number of other reasons you should be contracting an appraiser to perform a professional valuation on your property? Most people know that appraisals need to be completed for lending purposes. When you are the seller of a FSBO (For Sale By Owner). When you are a cash buyer you definitely want to get an appraisal.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. You can say no to the counteroffer, accept it or propose new changes to the contract. Arriving at a verbal agreement differs from being in a contract.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

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. Sellers should be transparent about any issues with the property, such as previous damage, repairs, or renovations.

Sellers 78

Sellers Real Estate Appraisal Appraisal Process 78

Eppraisal

DECEMBER 22, 2023

An increasing number of people, around 10% of homeowners , are opting to renovate their homes before selling — a trend gaining popularity worldwide.  Homes These fluctuating moisture levels can lead to cabinets expanding and contracting , which can wear out the look of your bathroom.

Home Improvement 36

Home Improvement Real Estate Modernization Renovations 36

Cleveland Appraisal Blog

JUNE 17, 2022

USPAP and the Contract – Tim Andersen, The Appraiser’s Advocate Podcast. Superior Arts District’s new tenant brings jobs, art to in renovated warehouse – Marc Lefkowitz of Cleveland Fresh Water. Recession-Proof Your Money Part 2 – It’s a Good Life Podcast with Brian Buffini. Too many appraisers?

Appraisal 279

Appraisal Development Market Value Tenants 279

Dart Appraisal

APRIL 30, 2021

Once the party or parties have signed the engagement letter or indicated acceptance of an appraisal order, the letter or correspondence to an appraiser serves as a contract. Planned renovations? The following are typical must-knows for an appraiser before accepting a commercial assignment: What is the property type?

Contracts 69

Contracts Appraisal Tips Appraisal Clients 69

Birmingham Appraisal

JUNE 21, 2023

Condition: The overall condition of a property, including its structural integrity, maintenance, and any necessary repairs or renovations, affects its appraisal value. Low Appraisals: When the appraised value of a property is lower than the contract price , it can cause problems. Common Appraisal Challenges That Impact Home Sales 1.

Real Estate Agent 75

Real Estate Agent Real Estate Agents Appraisal 75

Cleveland Appraisal Blog

JUNE 18, 2022

USPAP and the Contract – Tim Andersen, The Appraiser’s Advocate Podcast. Superior Arts District’s new tenant brings jobs, art to in renovated warehouse – Marc Lefkowitz of Cleveland Fresh Water. Recession-Proof Your Money Part 2 – It’s a Good Life Podcast with Brian Buffini. Too many appraisers?

Appraisal 309

Appraisal Law Development Valuation 309

Appraisal Today

APRIL 26, 2024

What should appraisers look for in a sales contract? No detail has been spared in this thoughtful renovation, from the custom three-story open square-nosed European tread lightwell staircase to the wide plank Stuga white oak flooring, to the dramatic designer lighting fixtures throughout. I sometimes see low sales for various reasons.

Appraisal 75

Appraisal Real Estate Real Estate Agent Contracts 75

Birmingham Appraisal

AUGUST 23, 2023

Maximizing Post-Appraisal Opportunities: When a pre-listing appraisal falls short of seller expectations, agents and appraisers can work together to identify areas for improvement, such as renovations or updates.

Agents 82

Agents Appraisal Valuation Appraisal Process 82

Listing Spark

JULY 21, 2023

Without the right knowledge and expertise, you might find yourself with a property that has extensive foundation problems or a post-renovation value that doesn’t reach your break-even point. Instead, house purchases are conducted on the standard contract forms developed by TREC. While the average ROI of a flip was 51.4%

Real Estate 36

Real Estate Real Estate Agent Agents Investors 36

Appraisal Today

JANUARY 19, 2024

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. An example of this in real estate appraisal is the purchase and sale contract. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.24

Appraisal 72

Appraisal Contracts Real Estate Architecture 72

Listing Spark

MARCH 15, 2022

Check out our home-seller checklist which will guide you through your home sale from pre-listing to contracts and closing. Don’t do any major renovations or updates before the appraisal. Major renovations or updates before the appraisal can hurt a home’s value. Love this list? How to improve your appraised value.

Appraisal 36

Appraisal Renovations Contracts Buyers 36

Realtor

APRIL 14, 2021

” The changes in everyday life due to the pandemic have placed a greater emphasis on the value of a home, says Rick Rudman , CEO at Curbio, a home renovation technology company. In this market, we are seeing a lot of appraisal gaps being written into contracts. . “The best time to buy is when it makes sense in your life.”

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

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. Overselling a recently renovated area of the house. The presentation of decisions as having strict deadlines. Loan fraud.

Real Estate 98

Real Estate Real Estate Agent Sellers Agents 98

Appraisal Today

APRIL 5, 2024

It is also located in the Historic Preservation District, so any proposed renovations would have to be approved.” The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.91 The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.35

Appraisal 75

Appraisal Contracts Business Construction 75

San Jose Real Estate

FEBRUARY 8, 2022

Does it mean that the seller has made no repairs or renovations before listing the home? Many Silicon Valley home sellers want to sell their homes “as is” (or “as-is”). And most homes in today’s market are. But what does that mean, exactly? Or that they do not have […].

Renovations 36

Renovations Sellers Marketing Contracts 36

Birmingham Appraisal

DECEMBER 19, 2023

In addition to information about recent updates and renovations, you should also include the sales you used when pricing the home (your CMA). When it does go under contract and the lender orders the appraisal it will probably appraise for below contract price.

Real Estate Agent 69

Real Estate Agent Real Estate Agents Appraisal 69

PennyMac

SEPTEMBER 6, 2023

This is especially true if home sellers are trying to move quickly or are hoping to avoid costly renovations. Selling a House As Is Selling a house as-is means the homeowner will not make repairs or renovations before selling it to a buyer, even if the home has structural concerns or is in poor condition. Rent your home out.

Renovations 36

Renovations Inspection Sellers Buyers 36

Boston Appraisal

DECEMBER 11, 2023

You should also disclose any special circumstances or contingencies that may affect the value of the property, such as repairs, renovations, easements, or encroachments. Appraisals are needed for a range of reasons, such as a property purchase, or a refinance, divorces, estate settlements, or tax purposes, etc.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Easement 78

Zillow

JANUARY 30, 2017

Most would-be buyers and sellers believe the real estate "deal" is done at the signing of the contract. In many cases, the deal-making and negotiations only start at the contract signing. These things will get fixed during your future renovation. However, the repairs are still up for negotiation.

Inspection 36

Inspection Renovations Contracts Sellers 36

McKissock

APRIL 28, 2021

Add a home inspection contingency clause to the contract as well for further peace of mind. . Kitchens can be renovated and landscaping redone. You know what your buyers can afford, and you understand how to read contracts. The more activities your buyers take part in, the less intangible home-buying will seem. Have Patience.

Real Estate Agent 87

Real Estate Agent Real Estate Buyers Agents 87