Tue.Apr 06, 2021

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The appraisal gap is complicating deals across the country

Housing Wire

The home checked off every box on Linda’s list. It had a large, fenced-in yard, modern appliances in an updated kitchen, a “man cave” for her husband, beamed ceilings, a massive master suite and was located in a good school district. The house, in the Nashville area, was listed at $405,000. Linda (who asked that her real name not be used) beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies.

Appraisal 540
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Why are Appraisers Banned from Doing Work They’re Qualified to Do?

The Appraiser Coach

I just got out of an interesting conversation I had with my CPA. Eventually, our conversation veered onto the topic of work. I was curious about what it takes to. Read More.

Appraisal 221
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The future of mortgage closings

Housing Wire

A painstaking, uncoordinated movement to fully adopt remote online notarizations nationwide and complete end-to-end digital escrow mortgage closings is gaining even more traction as the real estate industry launches into a new decade in 2021. But depending on where you work in housing, it can feel like a bumbling snafu, a noble attempt that’s stuck in slow motion, or maybe even a lifelong crusade where patience and persistence will eventually win the day.

Mortgage 368
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ProTip: Instantly Populate a User’s Location When A New Form is Generated

GoForrmz

Automatically populate a user’s GPS location when they generate a form and improve operational transparency GPS fields improve transparency into your team’s activities across job sites, franchise locations, offices, and more. These GPS fields can even be instantly populated when a user generates a new form, reducing data entry demands and ensuring an accurate location is entered every time.

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Two Southern banks complete mortgage eNote transfer

Housing Wire

Truliant Federal Credit Union is the first Southeast financial institution to officially complete a transfer of an eNote – or an electronic promissory note – to Federal Home Loan Bank of Atlanta (FHLBank Atlanta), as part of FHLBank Atlanta’s eNote pilot program, the lender said Tuesday. Going forward, FHLBank Atlanta will accept all eNotes, per bank officials.

Mortgage 359
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What Is A Home Appraisal?

DataMaster

What is an home appraisal? Why Didn’t My Home Appraise Higher? Appraisals can be confusing. A friend (I’ll call him Art) recently had his home appraised. When the appraisal came back, he was shocked to see that his home appraised for less than two homes nearby that had recently sold. Art’s home has an upgraded kitchen and newer carpet.

Appraisal 158

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What Is A Home Appraisal?

DataMaster

What is an home appraisal? Why Didn’t My Home Appraise Higher? Appraisals can be confusing. A friend (I’ll call him Art) recently had his home appraised. When the appraisal came back, he was shocked to see that his home appraised for less than two homes nearby that had recently sold. Art’s home has an upgraded kitchen and newer carpet.

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Nail Your 2021 Taxes by Hiring the Right CPA

BiggerPockets

There are plenty of things you can do yourself for your business, but taxes and accounting shouldn't necessarily be among them. Protect yourself, your business, and your assets by enlisting the assistance of a qualified CPA.

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What Is A Home Appraisal?

DataMaster

What is an home appraisal? Why Didn’t My Home Appraise Higher? Appraisals can be confusing. A friend (I’ll call him Art) recently had his home appraised. When the appraisal came back, he was shocked to see that his home appraised for less than two homes nearby that had recently sold. Art’s home has an upgraded kitchen and newer carpet.

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How Smart Investors Discover the Hidden Value of Distressed Properties

BiggerPockets

Are you overpaying for real estate just to deploy capital and get in the game? You may be settling for dismal returns and missing out on real estate’s amazing tax benefits and appreciation. Here's a better path.

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5 Resources to Save Time and Grow Your Appraisal Business

McKissock

Looking for ways to increase your efficiency and save time in your work day? Whether your goal is to work fewer hours and improve your work-life balance or increase productivity and scale your business, there are many technology tools available to help you complete more appraisals in less time. Here are five excellent resources offered by McKissock Learning—including two upcoming Pro-Series webinars —with tips and tools to help you save time and grow your appraisal business.

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Short-Term Rental Market Trends and What They Mean for You

BiggerPockets

COVID-19 has affected all real estate investors in one way or another, but owners of short-term rentals have had a particularly unusual time. Here's what to expect in 2021.

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7 Tips For Brokers to Retain Their Best Agents

McKissock

Hiring great agents is only the first step in ensuring your brokerage succeeds. Keeping those agents around? That’s where the real power lies. Unfortunately, doing that is harder than it looks. As agents improve in skill and grow their businesses, most are apt to look elsewhere. They might even get poached by other brokers. That doesn’t mean losing great agents is a given, though, and there are plenty of steps you can take to prevent it.

Agents 53
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Where Did Rents Decline the Most in 2020?

BiggerPockets

All the attractions making big city living worth the rent have been sidelined since COVID-19 began. It's no surprise that these large metros and vacation destinations are where rents declined the most in 2020.

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Do Massachusetts Home Buyers Pay Taxes When Buying a Home?

Buys Brokers Only LLC

No, Massachusetts home buyers do not pay taxes on the purchase of real estate, but home sellers do pay something called tax stamps.

Buyers 65
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Introduction to Comparative Lease Analysis

Property Metrics

Suppose that a medium sized accounting firm is looking to expand its footprint by leasing office space in a new city. After touring several spaces, they have narrowed it down to two options. The options have similar rental rates, but the firm wants to conserve capital so they need to figure out which one is less expensive. To solve this problem, they need to identify and analyze all of the cash flows from each lease and discount them back to the present time.

Tenants 36
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Top 10 Affordable Amazon Finds for Home Improvement

REX Real Estate

With so much inventory on Amazon (and more being added every day!

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Condo Vs. Townhouse: How Are They Different, And Which Is Right For You?

Quicken Loans

If you’re in the market for a new home, there are a lot of considerations that must be weighed before pulling the trigger. One of them is the type of housing you’re interested in. Condo? Townhouse? You’ve undoubtedly heard these terms before, but most people don’t have a clear understanding of what a condominium is or what it’s like to live in a townhouse.

HOA 64
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Challenges to Getting a Mortgage on a Condo Home

Will Springer Realtor

Mortgage options vary just like the number of home types available for purchase. A buyer’s choices for financing of a condo, however, can be, well , complicated. In Seattle, getting a mortgage on a home at Madison Tower is different than, say, Insignia Towers, and just as it’s different when buying new construction at KODA (opening soon) versus Nexus (open for more than a year now).

HOA 36
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Rookie Podcast 67: Moving From Single Family Homes to Self-Storage Units with Dee Brock

BiggerPockets

After moving from his home state of Georgia to Oklahoma, Dee Brock discovered a burning desire to buy rental properties. He had bought himself a primary residence and cosigned with […].

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Here’s how to fix the housing market inventory crisis

Housing Wire

The U.S. housing market is in the midst of an inventory crisis. The number of homes for sale in the U.S. is hovering near record lows , caused by a pandemic-induced housing inventory death-spiral. At the same time, home sales have soared close to record highs , suggesting the housing market suffers exclusively from a supply (and not demand) problem.

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