Housing Wire

MARCH 22, 2021

When there’s a bidding war, cash is king. And a recent Redfin study confirmed that it’s the only sure-fire way to win that dream house in a market this crazy. Homebuyers who offer all-cash improve their chances of winning a bidding war by 290%, per Redfin’s study of clients buying homes between June 2020 and February 2021. And waiving the financing contingency is the second-most effective bidding-war strategy, Redfin officials said – improving homebuyers’ odds of wi

Inspection 545

Inspection Inventory Buyers Sellers 545

The Appraiser Coach

MARCH 2, 2021

As a real estate appraisal provider, it can be hard to get into the home owner’s perspective. It seems that what is important to them may not directly translate into. Read More.

Real Estate 370

Real Estate Appraisal Inspection Advertising 370

Yolo Solano Appraisal Blog

MARCH 3, 2021

I enjoy many aspects of my career as a residential real estate appraiser. I’m self employed so I have no one to blame but myself; I set my own hours; I get to see a lot of places in the region; I spend much of my time trying to find meaning in data then communicating […].

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Appraisal Real Estate 167

GoForrmz

MARCH 29, 2021

Digital Lockout Tagout (LOTO) forms improve visibility into job site safety procedures and help to safeguard teams working with hazardous energy Clearly communicating LOTO procedures is critical when working with machines and equipment that could expose workers to hazardous energy. For example, teams working with wiring, wind turbines, or conveyer systems could all be exposed to hazardous situations if preventative steps are not carefully taken.

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DataMaster

MARCH 5, 2021

Is the appraisal industry doomed? For years we’ve been told “The end is near” for the appraisal industry. We know this isn’t true! We can’t help but wonder why naysayers continue to shout this headline! Appraisal Buzz hosted DataMaster appraisers Jared Preisler, SRA, and Keven Ewell recently to address this threatened “impending doom.” Join Jared and Keven and hear their thoughts and experiences with the appraisal industry.

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Appraisal 158

Raleigh Realty

MARCH 31, 2021

What Does Contingent Mean in Real Estate? When searching for a home for sale, you may have encountered a variety of different sales statuses online including contingent real estate listings. Beyond just “for sale” and “closed,” you may have also seen other common sales statuses such as “pending” or “contingent.” These phrases indicate where in the sales process the home is in.

Real Estate 148

Real Estate Sellers Contracts Buyers 148

The Appraiser Coach

MARCH 12, 2021

Many appraisers work out of our homes, not interacting with office staff or other appraisers. Even when we’re out, we’re still doing work-related tasks like shooting pictures and doing inspections. Read More.

Appraisal 369

Appraisal Inspection Advertising Real Estate Agent 369

JMV Lending

MARCH 8, 2021

Whenever the market heats up like this, particularly in the springtime, appraisals invariably come in low. This is simply because there are often no closed comparable sales (comps) that even come close to supporting current contract prices, especially when there are bidding wars. REMINDER: Appraisers can only use comps that close prior to the appraiser’s […].

Appraisal 148

Appraisal Contracts Lending Marketing 148

Appraiserblogs

MARCH 12, 2021

The most weighted technique in most automated valuation programs comes down to one over-simplified formula, based on a guesstimation from an outside source that has no interest in the real estate system… Dear FHFA: Please accept the following comments in regard to Question A1.4. The response also includes comments on several additional questions.

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Training Valuation Appraisal Process Technology 147

Midtown Appraisal Group

MARCH 1, 2021

Per-acre farm values in Canada have been rising more slowly than residential home prices (about 5% in 2019 vs 2018), but, like residential properties, values are largely dependent on regional locations and southern Ontario values can be as much as 35% higher than the provincial average. With as much of 75% of Canadians’ wealth tied […].

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Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? The process of buying a new home may sound intimidating. With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Let's dive into all of the home buying resources you have when working for the government Our real estate company is based in the state capital of North Carolina, Raleigh.

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Government Real Estate Agent Insurance Property Taxes 148

Housing Wire

MARCH 11, 2021

President Joe Biden signed the American Rescue Plan Thursday, freeing up $1.9 trillion aimed at invigorating the economy following the COVID-19 pandemic. The bill will send $1,400 direct payments to individuals making up to $75,000 annually, and allocates $350 billion in aid to state and local governments and $14 billion for vaccine distribution. Over $50 billion will be distributed to small businesses — including $7 billion for the Paycheck Protection Program — and $25 billion for small and mid

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Tenants Government Retail Law 545

The Appraiser Coach

MARCH 30, 2021

I was recently asked by a newbie in real estate appraisal how much I think a new real estate appraiser should charge. Many new appraisers and trainees want to get. Read More.

Real Estate 335

Real Estate Appraisal Inspection Advertising 335

Working RE

MARCH 16, 2021

> E&O/GL Insurance for Home Inspectors Competitive Rates, Broad Coverage, Free Risk Management, online inspection support for tough questions, discounts on education and more. Professional Coverage, Competitive Pricing Shop OREP today! >> Editor’s Note: To help you stay up-to-date and connected, OREP/Working RE has established a Coronavirus (COVID-19) Discussion and Resource Page where you […].

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Inspection Insurance 146

Appraiserblogs

MARCH 10, 2021

An appraiser shared the following with us which was posted on one of the appraisers’ groups. There’s been a lot of mis-information about the new FNMA form posted so i thought i might clear the air a little bit. Being a software provider i’m in the loop but i can’t disclose every thing i know due to confidentiality. That being said i’m just the messenger and don’t shoot the messenger. the new form is not to put appraisers out of business. if they weren’t

Modernization 145

Modernization Lending Appraisal Design 145

DataMaster

MARCH 17, 2021

Real estate transactions should be bias-free. As most appraisers know, the Appraisal Foundation issued an exposure draft of a complete revision of Advisory Opinion 16 on March 1st. With two weeks to go until the deadline for comment submissions, we urge all appraisers to make their voice heard. Advisory Opinion 16. Advisory Opinion 16 made its debut in USPAP’s 1997 edition.

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Appraisal Inspection Law Property Appraisal 141

Raleigh Realty

MARCH 23, 2021

How to Sell a House By Owner (FSBO) Before selling your home for sale by owner, it's important to understand the pros and cons, what's involved, and what to expect throughout the process. The question should I sell my home for sale by owner or without a Realtor® is likely one asked by every home seller with the thought of trying to save money. Do you really save money though when you sell by owner?

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Real Estate Agent Real Estate Realtors Contracts 133

Housing Wire

MARCH 25, 2021

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations. The result was approximately $1.3 trillion in outstanding mortgages with active private mortgage insurance coverage by year’s end.

Insurance 544

Insurance Mortgage Finance Buyers 544

McKissock

MARCH 2, 2021

As an experienced appraiser, you’ve likely encountered pressure to hit the purchase price or develop your appraisal based on a predetermined value. This, of course, is unethical. So what do you do when you’re asked to hit a certain value? Or when the purchase price is not supported by the available comps? Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, N

Appraisal 103

Appraisal Contracts Market Value Clients 103

BiggerPockets

MARCH 18, 2021

There are several misconceptions about rent-controlled properties. For some, they can be a great addition to their investment portfolio. In this article, we look at the good and the bad of owning this type of asset.

Landlords 72

Landlords Investing 72

Appraiserblogs

MARCH 22, 2021

What is the actual reason USPAP was extended without warning for an additional year? Don’t get me wrong. I am all for longer USPAP cycles or doing updates on an as-needed basis in an industry that changes very little. As I’ve mentioned before, Dave Bunton of TAF said during the ASB public call on February 19th that USPAP was extended another year because of COVID – yet that makes no sense.

Appraisal 142

Appraisal 142

Eppraisal

MARCH 24, 2021

Now that spring is here (or near) in many parts of the country, it's time to start thinking about a spring tune-up for the interior and exterior of your home. As the saying goes, "An ounce of prevention is worth a pound of cure." If you follow these tips every spring, you'll be sure to help prevent expensive repairs needed in and around your home. In addition, you'll be keeping your home value up.

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Home Value 69

Assurance Financial

MARCH 2, 2021

Is Refinancing a Bad Idea? If you’ve had your existing home loan and mortgage for a little while, it’s only natural to wonder if you could get a better deal. A mortgage is a tremendous responsibility — so you need a reliable understanding of whether refinancing is a good or bad idea. The guide below will lay out some of the pros and cons to help you make sure you’re refinancing your home for the right reasons.

Investing 69

Investing Mortgage Home Value Marketing 69

Housing Wire

MARCH 19, 2021

A growing chorus of mortgage industry observers believe the final week of February might have been the last hurrah for sub-3% mortgage rates. And the proof is in the refi pudding. With mortgage rates making their ascension , many late-to-the-game homeowners hopped on the chance to refinance their home loans and pushed refi volume to 68% of all closed loans in February, according to the latest originations report from ICE Mortgage Technology.

Technology 543

Technology Mortgage Tools Inventory 543

McKissock

MARCH 30, 2021

In 1980 I attended a new ERA Real Estate franchisee orientation in Kansas City. In my welcome tote bag was a cardboard slide rule type device called a Home-Rule ® , subtitled “Residential Real Estate Sales Price Computer.” How did the Home-Rule work? Back then “computer” apparently had kind of a different interpretation. It was a simple device with step-by-step instructions printed right on it.

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Valuation Real Estate Appraisal Market Value 95

BiggerPockets

MARCH 4, 2021

Tenants may come to you and tell you they have an emotional support animal. It could be as normal as a dog—or as strange as a peacock. Here's what emotional support animal laws say you can and can't enforce when it comes to your pet policy.

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Law Landlords Tenants Legal 72

Appraiserblogs

MARCH 19, 2021

…how to prevent a low appraisal in the first place… As real estate brokers in New York City, many buyers ask us what options exist if the appraised value comes below the contract’s purchase price. We explain how the appraisal rebuttal process works and how to prevent a low appraisal in the first place. Here are the most frequent questions buyers ask us.

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Appraisal Contracts Buyers Real Estate 142

On Q Financial

MARCH 2, 2021

Homeownership comes with many benefits, from building equity and security to creating stability for your family. However, for some, the dream may seem out of reach. It may be that you haven’t saved enough or don’t make enough in your current position, or maybe you don’t have the best credit. At On Q Financial, we believe the Dream of Homeownership is Inclusive.

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Insurance Government Mortgage HOA 68

National Association of Realtors

MARCH 18, 2021

Peter Gallo, Chair of the NAR's Real Property Valuation Forum presents a live form featuring a panel of residential, commercial, and review appraisers.

Appraisal 72

Appraisal Valuation Real Property 72

Housing Wire

MARCH 25, 2021

The broader economy showed signs of recovery last week, pushing the average mortgage rate for a 30-year fixed loan up eight basis points to 3.17%, according to Freddie Mac ’s Primary Mortgage Market Survey. Since January, mortgage rates have increased roughly 50 basis points from historic lows and home prices have risen, leaving would-be homebuyers with less purchasing power.

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Mortgage Construction Realtors Inventory 542

McKissock

MARCH 10, 2021

When a real estate client defects, it might not be something you are doing to drive away real estate clients. Some people simply change their minds about selling or buying. Others feel they can find a better match with another agent. There could be any number of reasons why the client decides to look elsewhere. However, you must consider, at least a little, that something you did along the way caused the client to walk away.

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Clients Real Estate Real Estate Agent Agents 94

BiggerPockets

MARCH 3, 2021

Busy people tend to be…busy, and often, real estate investing is one of the things that they “just don’t have time for”. If you feel that way, listen to today’s […].

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Real Estate Investing Business 70

Cornerstone

MARCH 12, 2021

Reading Time: 4 minutes. Even in a typical year, you can expect clients to ask routine questions — and you’ll give them routine answers back. But, of course, this year has been anything but typical, for our country and for real estate. With so many changes taking place related to the pandemic, the economy, and the political sphere, your clients are going to come to you with complex questions.

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Clients Sellers Loan Officers Real Estate 62

REX Real Estate

MARCH 9, 2021

REX’s complaint and preliminary injunction seeks relief from NAR and MLS cartel rules meant…

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Realtors Real Estate 74