Miller Samuel

DECEMBER 4, 2019

I got to speak with Lisa Abramowicz on her Bloomberg TV show " Money Undercover " yesterday. She is a great follow on Twitter. Best of all, I sat in a comfy chair. Lisa mentioned the topic of "inventory loans" that developers are relying heavily on to limp to the next upcycle with lots of unsold inventory. Hedge funds have dived headfirst into this space, even developers who are in good financial state are lending money on unsold condo inventory.

Real Estate Agent 195

Real Estate Agent Inventory Development Agents 195

Realtor

DECEMBER 7, 2019

Monopoly: Hasbro Concept: Greg Chow In a white-hot market, you may feel pressure to make some concessions to win over a seller—and, no, we’re not talking about sending a basket of banana-nut muffins. When you make an offer on a home, it’s standard to throw in some contingencies —telling the seller that if the home isn’t up to snuff for a variety of reasons, you have the right to walk away from the deal—with all of your cash in hand.

HOA 108

HOA Inspection Sellers Appraisal 108

Appraisal Partners Blog

DECEMBER 27, 2019

When you own your own home, you are subject to all of the costs that come with that. One of those that can be a considerable burden is property taxes. You’ll be hard-pressed to find someone who isn’t looking for a way to drive down the cost of those pesky taxes. That is where a property tax appeal can be your best friend. In fact, it might just be one the only way you can truly bring down the costs. .

Property Taxes 78

Property Taxes Appraisal Inspection Home Improvement 78

Advanced Appraisal

DECEMBER 24, 2019

12/24/2019 Chicago and South Suburban Appraisal Blog

Appraisal 78

Appraisal 78

Zillow

DECEMBER 20, 2019

Thinking of buying a home this year? We compiled five New Year’s resolutions that can help you keep your financial resume in tiptop shape. 1. Avoid job hopping. Employment history and income are two of the biggest factors lenders look at when evaluating a mortgage application. A new job may be a good career move, but if you plan to buy a home in the new year, know that job hopping can be a red flag to some underwriters - especially if you’re moving to a different industry.

Mortgage 52

Mortgage Tools Real Estate Agents 52

Town & Country Residential Appraisals

DECEMBER 14, 2019

If this looks familiar, contact an electrician today. Sadly, after 4 decades of warnings, proof that Federal Pacific falsified their testing data for UL, and testing that shows 1 in 3 Stab-Lok breakers are defective, we still find homes that are serviced by these breakers. Between 1950 and 1980 Federal Pacific sold millions of these breakers that were installed nationwide.

Appraisal 36

Appraisal 36

Realtor

DECEMBER 7, 2019

Monopoly: Hasbro Concept: Greg Chow In a white-hot market, you may feel pressure to make some concessions to win over a seller—and, no, we’re not talking about sending a basket of banana-nut muffins. When you make an offer on a home, it’s standard to throw in some contingencies —telling the seller that if the home isn’t up to snuff for a variety of reasons, you have the right to walk away from the deal—with all of your cash in hand.

HOA 78

HOA Inspection Sellers Appraisal 78

Appraisal Partners Blog

DECEMBER 2, 2019

When you’re selling your home, one of the most egregious mistakes you can make is failing to accurately estimate your home’s worth. While it’s absolutely essential to make sure your home looks inviting in images on your realtor’s website or sites like Zillow, and important that prospective buyers can see it as a blank canvas for them to project their own sense of style onto… arguably nothing is more important than a listing price which is appealing yet fair.

Appraisal 78

Appraisal Realtors Real Estate Agent Inspection 78

Walitt Solutions

DECEMBER 6, 2019

In Part 1 , I explored the question “What should be in the appraiser’s workfile?” The take-away is that no two workfiles will look alike; rather, the minimum standard emphasizes retaining data and information that supports the appraiser’s analyses, conclusions, and opinions. Another common question from appraisers, clients, lenders, and appraisal management companies is “What do we really mean by ‘workfile’?

Appraisal 28

Appraisal Training Agents Inspection 28

REX Real Estate

DECEMBER 11, 2019

Finding the perfect house is only a small part of the homebuying process.

Mortgage 36

Mortgage Finance Real Estate 36

Town & Country Residential Appraisals

DECEMBER 30, 2019

In the lending/appraisal world there is something called a “Drive-by” or “exterior only” appraisal. These are performed on a 2055 FNMA form and have a scope of work that is limited to an inspection “from the street” only. According to the scope of work, the appraiser then assumes that the interior is consistent with the exterior of the home (in condition and quality).

Lending 36

Lending Appraisal Inspection Real Estate 36

Portland Appraisal Blog

DECEMBER 1, 2019

The Crestwood neighborhood is part of the Southwest portion of Portland and is one of the periphery neighborhoods. This neighborhood is largely residential with minor commercial and one city park (Dickinson). This neighborhood has a overlapping section with the adjacent Ashcreek, but that small section is omitted in the following analysis. Appraisers endeavor to take the measure of a neighborhood with a variety of tables, charts, and graphs.

Contracts 78

Contracts Advertising Construction Marketing 78

Realtor

DECEMBER 4, 2019

ftwitty/iStock When you’re considering buying a house, there are two sides to the story: the seller’s asking price and the actual value of the property. This is where an appraiser steps in. Is the new home you’re looking at priced too high? A real estate appraisal can let you know whether the amount being asked is a fair purchase price. Here’s more on the home appraisal process, so you can learn the true value of your future home.

Appraisal 138

Appraisal Real Estate Inspection Property Appraisal 138

Town & Country Residential Appraisals

DECEMBER 16, 2019

Imagine home valuation in this neighborhood. Every house identical… except for the ones next to the industrial site. As a VA Panel appraiser, we have access to something called “Tidewater” on VA orders. This allows us to reach out to the lender and ask for what the agent used to assist their client in pricing/making an offer on the home in question (most lenders discourage this in any other transaction).

Bracketing 36

Bracketing Contracts Real Estate Agent Agents 36

Walitt Solutions

DECEMBER 2, 2019

Two common questions that come up when I’m coaching appraisers, training an appraisal department at a lender or management company, or teaching a USPAP course is “What should be in the appraiser’s workfile?” and “What do we really mean by ‘workfile’?” I’ll explore the first question here, and the second question in Part 2.

Training 28

Training Appraisal Legal Construction 28

Realtor

DECEMBER 4, 2019

ftwitty/iStock When you’re considering buying a house, there are two sides to the story: the seller’s asking price and the actual value of the property. This is where an appraiser steps in. Is the new home you’re looking at priced too high? A real estate appraisal can let you know whether the amount being asked is a fair purchase price. Here’s more on the home appraisal process, so you can learn the true value of your future home.

Appraisal 78

Appraisal Real Estate Inspection Property Appraisal 78

Town & Country Residential Appraisals

DECEMBER 2, 2019

We get this question a lot: How much is an acre of land worth in [Location], and like so many things in real estate, it depends. For purposes of this blog lets perform a thought experiment with the following property. Here we see a 67-acre parcel of land in Athlone, Ireland, but for our purposes, lets set that aside. This single parcel has 1) Road frontage on what appears to be a major roadway, 2) River frontage in the top right, 3) What appears to be agricultural land in much of the center, 4)

Market Value 36

Market Value Law Valuation Legal 36