article thumbnail

Consider These Factors Before Buying Land In 2023

Cleveland Appraisal Blog

Start thinking about the financing options available, such as mortgages, loans, and grants, and the associated interest rates, repayment terms, and fees. Land ownership comes with legal obligations which can change quite a lot depending on where you are buying land. Is it sustainable? What are the local regulations?

article thumbnail

How Residential Real Estate Appraisers Can Benefit and Help Accountants Do Their Job

Birmingham Appraisal

For instance, when a company acquires or sells a residential property, accountants need accurate valuation figures to ensure correct financial reporting. Assessing Property Investments Supporting Accountants in Investment Analysis Real estate investments can have a significant impact on a client’s financial portfolio.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

Appraisal 292
article thumbnail

What is Earnest Money? How Does It Work & How Much Is It?

Movoto

Should the buyer decide to break their legally binding purchase agreement, they will typically forfeit this amount to the home seller. if a professional inspection reveals significant issues with the property. Appraisal Contingency. Financing Contingency. Who Gets Earnest Money if the Deal Falls Through?

article thumbnail

Checklist: What to Include in a Narrative Appraisal Report

McKissock

for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g., fee simple, leased fee, etc.) population, news articles, economic data, internet searches, etc.)

article thumbnail

The fate of HUD

Housing Wire

HUD’s work co-leading the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), as well as the number of actions taken in the first year of the administration to bolster enforcement of the Fair Housing Act demonstrates our commitment to the issue,” a spokesperson said. Many have called for reductions.

Insurance 332
article thumbnail

Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

It isn’t clear who owns the appraised property. Too much time has elapsed between the CRE appraisal and the loan. City or federally owned property is being evaluated. The physical, legal, or economic descriptions of the property are in question. Use Cases for a Commercial Appraisal Review.