2018

Remember liar loans of a decade ago? Those same people want to do away with appraisers.

Miller Samuel

My friend and appraisal colleague Ryan Lundquist and I authored a petition on change.org to point out the growing wreckless behavior that is enveloping the mortgage process.

4 Things I Wish I’d Known Before I Got an FHA Loan

Realtor

Michail_Petrov-96/iStock A few years back, my husband and I got an FHA loan. At the time, we were growing out of our two-bedroom, 850-square-foot rental in St. Petersburg, FL. We had one child, one cat, and lots of stuff. In short, it was time to move.

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Tinley, Oak Forest & Lincoln-Way Area, 2018 Single Family Trends

Advanced Appraisal

Chicago and South Suburban Appraisal Blog

An Appraiser’s First Impressions of Clear Capital’s AVM

Portland Appraisal Blog

It’s no secret the lending industry is aggressively pursuing alternatives to traditional appraisals.

How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

Relax, underwriters, it’s just rural. This story first appeared in HousingWire. Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics.

Fannie Mae Changes 2018

Robinson Appraisal Group

The one thing that always remains constant is change. As appraisers in this ever changing industry we have seen changes in the market, technology, bank requirements, emergence of management companies and appraisal form changes.

Tools 78

Home Appraisal vs. Home Inspection

CP Home Appraisals

Isn’t a home inspection similar to a home appraisal? Not at all – an appraisal differs from a house inspection. A home inspector’s function is to study the structural, electrical, mechanical & plumbing in a home and document any problems or safety issues.

More Trending

What makes a sale a comparable sale?

Padove Appraisal Service

Many are familiar with the use of comparable sales, or “comps” in residential real estate appraisals. In this blog entry, I will explain how this technique is used. A discussion of comparable sales begins with an explanation of why this approach is used in the valuation of real estate.

Minnesota Real Estate Services Metro Service Area

MN Real Estate Services

Commercial Real Estate Appraisal Services. Minnesota Real Estate Appraisal Services provides Commercial Real Estate Appraisal Services Throughout the bulk of the state of Minnesota. However, we do most of our work nearby in the Minneapolis St Paul Metro area as depicted on the map below. The post Minnesota Real Estate Services Metro Service Area appeared first on Minnesota Real Estate Appraisal Services LLC.

FHA Appraisal Tip – Low Water Pressure

Chicagoland Appraisal Blog

If you have a deficient condition such as this you may want to repair it prior to an FHA Appraisal. Appraisers must operate faucets to observe water pressure and flow. This is an example that there is low water pressure and an FHA appraisal will be made subject to repair.

Yahoo Finance TV 12-4-2018 - Toll Brothers & Banking Conditions in Real Estate

Miller Samuel

I was invited by Julie Hyman at Yahoo Finance TV for a discussion on the weakening luxury housing market and some other topics of interest. I've known her for years, after a long run at Bloomberg TV, and am excited about her new opportunity at Yahoo.

How to Buy a Home From a Family Member Without the Risk of a Huge Feud

Realtor

pepifoto/iStock; realtor.com Buying a home is hard, but if you want to learn how to buy a home from a family member, you’re entering truly treacherous territory.

If you trust in Zillow, then you must still believe in Santa!

Advanced Appraisal

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Using the R Programming Language to Produce Correlation Matrices & Correlograms for Residential Appraisal Reports

Portland Appraisal Blog

As I mention in the bio for this blog, one of the most influential individuals in my professional development as an appraiser is George Dell. He is a nationally recognized valuation expert who teaches a method he calls “ Evidence Based Valuation ©.”

How to Maximize Appraisal Underwriting Approvals in Rural Markets

Genworth MI Blog

Relax, underwriters, it’s just rural. This story first appeared in HousingWire. Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics.

An Estate Sale Appraisal Process

Robinson Appraisal Group

An Estate Sale Appraisal Process. After 25 years of handling estate sale appraisal in the Baltimore Metropolitan area I have seen my fair share of estate sales. But what is an estate sale? An estate sale means a person has died and the party/parties that inherited the property are selling it.

What You Need to Know About the Fair Housing Act

Zillow

If you've searched for a new place to live recently, you've likely seen the Equal Housing Opportunity logo (an equal sign inside a house) on a landlord's, real estate agent's or lender's paperwork. But the Fair Housing Act is more than just a logo.

The 10 Best Days to Buy a Home

Patch of Land

We have all heard the saying that smart real estate purchases are based on location, location, location. But that suggests you focus only on where to buy a home. What about when? Data indicates that there are definitely months of the year—and even specific days—when you are statistically more likely to acquire a property at a discounted price. On some days, in fact, that price can be many thousands of dollars below a property’s estimated market value. The question, of course, is which days?

Home Improvements: What counts towards the appraisal?

Padove Appraisal Service

I am often asked which home improvements “count” towards the appraised value of a house. This is never an easy question. Many people envision a list of improved items with predetermined relevancy, along with a specific dollar value assigned to each of those items.

Closed for business! Sorry Folk

The People's Appraisal Blog

It feels good to be back. Thanks for all for waiting. For those who aren’t familiar with what an AMC is, its short for Appraisal Management Company. After the 2008 crash they were installed to be the order manager for the lender and ensure appraiser independence.

Ensuring an Accurate Home Appraisal

McCarthy Appraisal Blog

“What is my home worth” is probably the single most popular question asked when someone decides to put their home on the market. In real estate, finding out how much your home is worth is done through an appraisal, which determines the value of your house in the present day market.

Bloomberg Markets TV: September 11, 2018, Looking back at 9/11 and the Financial Crisis

Miller Samuel

I had a nice reflective discussion with Scarlet Fu and Caroline Hyde, reflecting on two milestones in New York City - 9/11 and the financial crisis. Miller Samuel CEO Says Credit Conditions Haven't Normalized Since Lehman. September 11th, 2018, 3:48 PM EDT.

How to Sell Your Parents’ House With Your Siblings’ Help—and Avoid a Family Feud

Realtor

Jens Magnusson/Getty Images When your parents pass away, you might find yourself tasked with selling their house—and if you have siblings, hopefully they will offer help on this front.

Alleged Appraiser Shortage and AMC's "Too Many Hands"

Advanced Appraisal

The Importance of Knowing Your Home’s Worth Before Selling It

Texas Home Appraisal Blog

The Cost of Getting your Home Ready for Sale Making arrangements for the sale of your house will normally cost between a few hundred dollars on the lower side and a few thousand dollars on the upper side.

Natural Disasters and the Appraisal Industry: What to Expect

ACT Appraisal

Natural disasters, like hurricanes, wildfires, and tornados, can have a huge impact on the appraisal industry.

Interest rates are the highest in the past 7 years!!!

Robinson Appraisal Group

Interest rates for buyers with good credit or credit worthiness for a 30 year loan is approximately 4.875% while average buyers fall around 5%. A hike in rates have been talked about since last year with minimal increases until recently.

Small Kitchen? Try These 9 Tips for Making the Most of Your Limited Space

Zillow

Is there some kind of law that requires rental apartments to supply no more than a single square of kitchen counter space to each unit? Between the white walls, scarce and often outdated cabinets, and a lack of amenities, it's rare to find a solid kitchen in the world of yearlong leases.

Tools 48

Expectations for future house flipping returns

Patch of Land

First, the good news for house flipping: Average gross profits have risen steadily over the last few years. As the 2018 house flipping report from research firm ATTOM Data Solutions shows, completed house flips in 2017 yielded an average gross profit of $68,143, representing a 49.8% return on investment. Gross profit is defined here as the difference between purchase price and flip price, not accounting for expenses incurred.

Don’t Sign a Contract With a Builder Until You’ve Done These 5 Things!

Hood Homes Blog

Updated 9/21/18; Originally published 2/7/16. It’s awesome! Your dream home. You’ve gone to a few builder model homes in Killeen , Harker Heights , and Copperas Cove , and this is The One. You’re excited. Your spouse is ecstatic.

Encroaching Wildlife in Urban Areas

The Colorado Real Estate Blog

Real estate ownership in Colorado is booming, and while that’s great for the economy, it also means real estate development is encroaching on previously wild lands. While building disrupts animal habitat, many species are thriving in urban and suburban areas.

Homeowner Valuation Appraisals

McCarthy Appraisal Blog

Homeowner Valuation Appraisals. Today’s market can be challenging. Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal from McCarthy Appraisal Services can help you make a better educated decision when determining your selling price.

PBS NBR CNBC Video - State of U.S. and Manhattan Luxury Market

Miller Samuel

CNBC clip. NYC luxury apartment sales drop from CNBC. PBS Nightly Business Report clip. Story with 2 clips begins at 18:20]. CNBC's Diana Olick reports on luxury home sales dropping in NYC due to tax laws and fewer international buyers.

Fewer Homes May Require Human Appraisals, but That May Not Be a Good Thing

Realtor

istock/cnythzl A new proposal to reduce the number of homes requiring in-person appraisals could save home buyers and those attempting to refinance hundreds of dollars, and speed up the process.

Sidestepping the Appraisal and Appraisal Waivers.

Advanced Appraisal

Chicago and South Suburban Appraisal Blog

PRESSURE: MY STORY

The People's Appraisal Blog

In just 16 years as an appraiser, I’ve seen and heard many things. Some, I just want to forget and some I wish I never heard.

Have You Had Your Property Appraised?

Aedis Appraisals

If you are a property owner, you may be used to having a lending institution order an appraisal of your home. However, you may also want to consider having your property appraised independently. An appraisal is defined as an inspection that gives an estimate of a property’s value.