Housing Wire
APRIL 2, 2021
Should you or shouldn’t you downsize? If you’re a homeowner , this is a question you’ll inevitably ask yourself. While owning a home is exciting, it comes with a great deal of responsibility. If your home doesn’t fit your lifestyle anymore, you might want to consider purchasing something smaller – or even renting. Besides cutting costs, downsizing has additional benefits.
GoForrmz
APRIL 2, 2021
Easily collect feedback with digital evaluation forms and online form sharing From student progress reports to customer surveys, digital (and online ) evaluation forms simplify the collection of important feedback. Your digital evaluation forms can be easily digitized for use on phones, tablets, and computers, requiring no code or IT support to get started.
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Housing Wire
APRIL 2, 2021
After three months of mediocre gains , the U.S. unemployment situation brightened considerably in March. Total nonfarm payroll employment rose by 916,000 and pushed the unemployment rate down to 6%, according to the U.S. Labor Department. Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry.
Midtown Appraisal Group
APRIL 2, 2021
Second mortgages can be useful – but it’s important to know what you’re getting into As appraisers, it’s not unusual for us to be asked to provide a valuation for a property when a second mortgage is being considered. Because second mortgages are, as their name suggests, ‘second in line’ to be repaid after the […].
Housing Wire
APRIL 2, 2021
Finance of America on Monday will become the latest lender to make its debut on the New York Stock Exchange. The lender, which is controlled by the Blackstone Group and operates through retail, wholesale and correspondent channels, will begin trading Monday following the completion of its merger with blank-check company Replay Acquisition Corp. It’s the second large-scale mortgage lender to go public via a SPAC in 2021, after broker-based United Wholesale Mortgage began trading in late Jan
JMV Lending
APRIL 2, 2021
APPRAISAL COMES IN LOW We had an appraisal come in slightly under contract price this week. What made it a surprise was the fact that there seemed to be ample comparable sales to support the value (unusual in this market, to say the least). So, when the appraisal came in low, both agents, the seller […]. The post Appraisers Can’t Push Values; Must Avoid Reviews/Cuts appeared first on JVM Lending.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Riverfront Appraisals
APRIL 2, 2021
If you’re new to our blog, let me first say ‘Welcome!’ If you’re a regular reader, then ‘Thank You!’ Either way, I’m happy you’re here, reading this post. This blog is part four of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. But don’t let the name fool you. Even though we’re […]. The post The Loan Officer’s Guide to Appraisals Part 4: Tips for a Successful Reconsideration of Value appeared first on Riverfront Appraisals.
McKissock
APRIL 2, 2021
The CFPB reverses several temporary pandemic flexibilities put in place last year to protect consumers. A record-breaking 39.2% of homes sold above list price in March, with San Jose, Sacramento, and Salt Lake City among the top real estate markets driving the all-time high. A new report finds that online auctions reduce REO holding times by 52%. Dustin Harris (a.k.a.
Dart Appraisal
APRIL 2, 2021
Dart appraisal Discusses Uniform Standards of Professional Appraisal Practice and Value Approaches. Periodically, Dart Appraisal will receive inquires regarding the approaches to value and when they are or are not applicable. As most industry participants know, there are three typical approaches to value in an appraisal report: Cost Approach, Sales Comparison Approach, and Income Approach, summarized as follows: Cost Approach – The current cost of reproducing or replacing a building, minus an e
Eppraisal
APRIL 2, 2021
Investing in real estate has become a hobby for some but a serious proposition for others. With money being inexpensive to borrow right now as interest rates remain low, more consumers are being bitten by the bug. For those who want the income from investing in real estate but don’t have the time or knowledge to be a landlord, that’s where a professional property manager comes in.
Cornerstone
APRIL 2, 2021
Reading Time: 5 minutes Spring means one thing: Homebuyers are hitting the market. Spring also brings major holidays like Easter, giving sellers the chance to decorate for the season and set themselves apart. The past year has been unprecedented for the housing market. Mortgage rates reached new lows multiple times, and buyers took advantage of this surge in affordability by snapping up available houses.
BiggerPockets
APRIL 2, 2021
This week’s question comes from Mitch on the Real Estate Rookie Facebook Group. Mitch is asking two questions: How do you close on a property sight unseen and how do […].
Listing Spark
APRIL 2, 2021
When reviewing the standard residential contract (called a 1-4 residential contract) plus numerous addendums, it can be difficult to unpack who pays for closing costs in Texas. This article will provide you with the information you need to have a better understanding of how exactly these costs break down. It is important to understand that when negotiating a real estate transaction, many of these are negotiable, my goal here is to outline what we see as the norm or most common.
Housing Wire
APRIL 2, 2021
Home prices are sky-high, and a recent report from Redfin underlines that point with some staggering data. Median home-sale prices increased 17% year-over-year to $335,613 – a record high, per data taken from more than 400 metro areas during the four-week period ending March 28, 2021. And asking prices of newly listed homes rose 14% year-over-year to $353,500, another all-time high.
Listing Spark
APRIL 2, 2021
When reviewing the standard residential contract (called a 1-4 residential contract) plus numerous addendums, it can be difficult to unpack who pays for closing costs in Texas. Hopefully by the end of this article you will have a better understanding. It is important to understand that when negotiating a real estate transaction, many of these are negotiable, my goal here is to outline what we see as the norm or most common.
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