Housing Wire
JANUARY 18, 2021
As the calendar flipped to 2021, it didn’t take long for the rise in mortgage rates. Just two weeks into the new year, Freddie Mac reported that mortgage rates climbed 14 basis points to 2.79% , a dramatic contrast to 2020, a year in which mortgage rates set record lows 16 times. Economists across the housing industry believe the era of extreme low rates could be coming to a close, but the transition might be a slow burn.
Cleveland Appraisal Blog
JANUARY 7, 2021
Welcome to 2021! I hope you all are hanging in there and doing as well humanly possible. To start off the new year, I thought that I would tackle the topic of land. It can be easy to over-simplify value because value is not always as clear cut as it appears. For example, if a one-acre lot is selling for $10,000, does that mean that a two acre lot is worth $20,000?
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Miller Samuel
JANUARY 5, 2021
Back on December 4, 2020, I wrote about the sham bylaw change being floated by the Appraisal Institute to avoid the embarrassment of the recent sham election process: The Sham 45-Day Bylaw Modification Process To Keep Jim Amorin’s Sham Petition Process Explained. To rush this through, the Appraisal Institute Board of Directors meeting is being held Wednesday, January 6th with sketchy notice.
Midtown Appraisal Group
JANUARY 26, 2021
Do you know the differences? At first glance, ‘house types’ seems obvious: We all know the difference between a 1-storey house and a 2-storey house, right? But different terminology is used for different types of homes based not just on how many storeys they contain, but also on the way the floors are arranged. Here’s […].
DataMaster
JANUARY 27, 2021
If 2020 taught us anything, it’s that we have to be comfortable with uncertainty. However, that doesn’t mean we can’t do anything to prepare. (Even if the future is anything but predictable.). Recently, we held a webinar to discuss what appraisers can do in uncertain times to thrive in the future. This is the first episode of our podcast.
JMV Lending
JANUARY 20, 2021
Whenever an appraisal comes in under contract price, we work quickly to consider all options with both agents and buyers, and we can usually resolve appraisal issues within a day if everyone is responsive. Below are five of the options available when an appraisal comes in under contract price. 1. Rebut the appraisal. This approach […]. The post Low Appraisals – 5 Options When Appraisals Come In Low appeared first on JVM Lending.
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Cleveland Appraisal Blog
JANUARY 21, 2021
Over the years, I have seen a lot of cracks. Big cracks, small cracks, long ones, and short ones. I’ve seen cracks of all different shapes and sizes. I should make it clear that I am not a crack expert. Before I go on, I should also make clear the type of cracks I am referring to. Settlement cracks! When performing an appraisal observation, appraisers must look for settlement issues and report on them.
The Robert Weiler Company
JANUARY 7, 2021
Are you searching for office space for lease in Columbus, Ohio? The region certainly has a lot to choose from, providing you understand the best methods for your search for office space. Once you find that dream office, though, you have to rely on your preparations and negotiating strategies to get the best lease price and terms of the space. You’re likely here because you want to learn some tactics.
Riverfront Appraisals
JANUARY 18, 2021
Hey friends! Welcome to the very first post in our all-new series The Loan Officer’s Guide to Appraisals. In this blog post, we’re starting with the end. Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. We’ll briefly look at what a final inspection […]. The post The Loan Officer’s Guide to Appraisals, Part 1: The Final Inspection appeared first on Riverfront Appraisals.
DataMaster
JANUARY 12, 2021
Save Time With the Right Tools! Time-Saving Tools. “The bad news is time flies. The good news is you’re the pilot.” Michael Altshuler. Time does fly! The older we get, the more we realize that! As we come to value our time more and more , most of us are on the lookout for ways to save time. It’s a great feeling when we finally lock in an effective time-management method!
JMV Lending
JANUARY 6, 2021
I touched on this last year a few times but am getting questions again because so many people have built Accessory Dwelling Units (ADUs) as a result of the COVID crisis. HOW MUCH IS MY ADU WORTH? An ADU or in-law or granny flat or outside cottage (or whatever you want to call it) is […]. The post Valuing An In-Law Unit Or An ADU (Accessory Dwelling Unit) appeared first on JVM Lending.
Housing Wire
JANUARY 4, 2021
If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum. They’re marked by high levels of competition and rising home prices, and in most cases, you’ll have a harder (and more expensive) time finding a home.
McKissock
JANUARY 31, 2021
By Brooke Tanner. Picture this. You are one week away from the closing table, and your first-time homebuyer’s lender calls with stressful and unfortunate news. The underwriting team has finished their final review and discovered that your buyer is no longer qualified to purchase the home. This can happen for several reasons. Maybe they do not have enough funds for the down payment.
The Robert Weiler Company
JANUARY 2, 2021
In real estate, buyers and sellers must be knowledgeable to make informed decisions. Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. Multifamily housing. A commercial building.
DW Slater Company
JANUARY 28, 2021
Now that 2020 is in our rearview mirror, we can take a look back and review it. I think we can all agree that this time last year, we had no idea what we were in for. We couldn’t have predicted a pandemic that would disrupt everything in our world. In Texas, March was when the impacts of the virus began as the governor issued a disaster declaration on March 13th.
Riverfront Appraisals
JANUARY 22, 2021
Hey y’all! Welcome to our special 2020 Year In Review blog post. This post will also be a special episode of the new Owensboro Real Estate Update Podcast. We are less than one week from our official launch, so be sure & subscribe to the podcast so you won’t miss out on any of our […]. The post Riverfront Appraisals 2020 Real Estate Year in Review appeared first on Riverfront Appraisals.
JMV Lending
JANUARY 15, 2021
APPRAISALS COMING IN UNDER CONTRACT PRICE B/C MARKET’S SO HOT We are seeing appraisals come in under contract price more frequently than normal again b/c the market is so hot and buyers are bidding so aggressively. This is not b/c our appraisers are not trying to support contract price; it is b/c appraisers simply lack […]. The post Appraisers Can’t Ignore Low Comparable Sales; Agents Should Not Either appeared first on JVM Lending.
Housing Wire
JANUARY 7, 2021
2021 was supposed to be different. In the first days of the New Year, we have been dealing with a new strain of COVID, vaccinations aren’t going as planned and the political drama is hotter than ever. It was starting to seem like 2020 all over again. But it is different. On Jan. 5 the 10-year Treasury yield broke 1%, and on, Jan. 6, the 10-year remained above that line in the sand even with the storming of Capitol Hill.
McKissock
JANUARY 4, 2021
If you’re a real estate agent who caters to investor clients, you absolutely want to know the basics of executing a 1031 exchange. For one, if your clients go that route, they stand to save—and make—a good bit of money. If you are the person who recommends it, you receive some brownie points for guiding them toward such a wise decision. And you can put some extra cash in your own pockets, too.
Appraisal Hub
JANUARY 19, 2021
There are many reasons to have a home appraised in Toronto. Most people do this before selling their property, while others may want to refinance their mortgage. Whatever the case, a home appraisal can either be beneficial or disadvantageous depending on how you go about it. How Does a Home Appraisal Service Work? Property appraisers (often from appraisal firms in Toronto) pay a visit to assess the value of your home based on its condition, appeal, and surroundings.
BiggerPockets
JANUARY 30, 2021
Last week’s show with Marie Forleo was so good that Brandon and David are back with a special guest, BiggerPockets’ senior producer Kevin Leahy, to unpack all the wisdom from […].
Real Quantum
JANUARY 17, 2021
Realquantum Delivers Secure, Global Identity Management for Commercial Appraisers. KANSAS CITY – JANUARY 18, 2020. Realquantum , the commercial real estate valuation platform, announced it is deploying Auth0 , the software security platform, to protect its enterprise customers. Realquantum helps valuation and advisory teams eliminate tedious manual work and boost revenues 50% while helping them curate the best quality commercial property data available.
Houston Properties
JANUARY 13, 2021
Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? Worried about missing out on a boom? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. The average household finances are in the best shape they’ve ever been in. Ever. COVID-19 and subsequent government actions have dumped gasoline on wealth inequality in ways that we don’t fully understand yet.
Housing Wire
JANUARY 18, 2021
2020 came, and with it COVID-19. Five weeks into the crisis, demand in the U.S. housing market bottomed and then after about nine weeks, began to climb again, with purchase applications making a full V-shaped recovery by early June. The housing bubble boys had those five glorious weeks when it finally looked like the market would succumb to their dire predictions of a housing crash.
McKissock
JANUARY 26, 2021
Tax season 2021 is just around the corner. If you own your own appraisal business, or another type of small business, you may have some questions regarding the best practices for filing taxes. To help you out, we’ve put together a list of resources containing helpful info and tax advice for this year—including a Pro-Series webinar featuring business and tax tips for appraisers.
REX Real Estate
JANUARY 4, 2021
When it comes to buying a home, most of us know what features are…
BiggerPockets
JANUARY 27, 2021
Anson Young’s voice may sound familiar to you, that’s because he’s been on the podcast four times! Every time he’s back we learn something new, and today, Anson is talking […].
Real Quantum
JANUARY 19, 2021
WEBINAR |How to Include a DCF Model in Realquantum using Rockport VAL. January 27, 2021 | 11:00 AM CST. CATCH THE REPLAY. DURATION: 30 MINUTES. FORMAT: LIVE & INTERACTIVE. Agenda. Discounted cash flow analysis isn’t required in every appraisal, but when it is, the process for many appraisers is manual and tedious. In addition, data tends to be isolated in different locations.
AmeriMac
JANUARY 28, 2021
An appraisal is a perfect way to determine your home’s fair market value. It is the main reason homeowners get an appraisal before putting their house on the market. As a buyer, your main objective is to ensure that the appraisal reflects your home’s value without artificial inflation. On the other hand, a seller will also want an accurate valuation when selling the house.
Housing Wire
JANUARY 26, 2021
Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., as prices in November rose 9.5% nationally over the same time last year, according to the S&P CoreLogic Case-Shiller index. November’s numbers mark the greatest annual growth rate since February 2014 and even blew past the 8.4% gains seen in October.
McKissock
JANUARY 5, 2021
Last month (December), we asked our CE Plus members , “What are your career goals for 2021?” Here’s what they had to say. Real Estate Career Goals For 2021. “To sell more houses.” A lot of real estate agents stated that they wanted to “earn more” in the new year than they did in the previous year. However, when setting goals or resolutions, it is helpful to be as detailed as possible.
PennyMac
JANUARY 20, 2021
Have you been keeping a close eye on today’s housing market? If the answer is “yes,” then you’re well aware that interest rates are at historic lows. But if you’ve been holding off for just the right moment until home prices and financing options meet miraculously in your favor, there’s really no reason to wait any longer.
BiggerPockets
JANUARY 29, 2021
Renters insurance can be an added expense for tenants—and yes, landlords can require you carry a policy. Learn more about the benefits of renters insurance.
REX Real Estate
JANUARY 22, 2021
2020 was a year all of us will remember.
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