Town & Country Residential Appraisals

MARCH 27, 2023

If you plan on purchasing a property that is a manufactured home using financing, find out if the unit has been placed there from the manufacturer/dealer or if it was moved after previously being located at another location. Even then, it would require a special approval from the VA in order to do the loan.

Finance 56

Finance Real Property Legal Buyers 56

Housing Wire

APRIL 27, 2021

The Federal Housing Finance Agency , along with Freddie Mac and Fannie Mae , would designate members to the task force, as would the National Mortgage Association , the Federal Housing Commissioner , the Treasury , the Office of the Comptroller of the Currency , the Federal Deposit Insurance Corporation and the Federal Reserve.

Appraisal 382

Appraisal Valuation Design Real Estate 382

Appraisal Buzz

OCTOBER 11, 2021

If they’re in the mortgage industry, they’ll likely fall into one of two groups – those who understand the value you bring to the home finance transaction and those who think you fill out forms. There can be a wide variance between what intended users require in terms of property data, think lenders versus tax assessors.

Appraisal 397

Appraisal Clients Advertising Investors 397

Cleveland Appraisal Blog

JUNE 23, 2023

Start thinking about the financing options available, such as mortgages, loans, and grants, and the associated interest rates, repayment terms, and fees. Depending on what you are buying and local tax laws you may also wish to look into property tax loans and if possible you should hire a realtor to walk you through the buying process.

Property Taxes 195

Property Taxes Legal Law Property Appraisal 195

DataMaster

JUNE 15, 2023

The purchase of real property for the purpose of investment is not new. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. Those investors (borrowers) are going to want to seek financing for the purchase transaction or to support a refinance.

Appraisal 148

Appraisal Tenants Investors Business 148

Housing Wire

OCTOBER 23, 2023

Included would be vendor contracts that exceed a certain dollar amount, detailed descriptions of real property and fixed assets, intellectual property information, current listings and pendings, insurance documents, and more. Disclosure schedules essentially memorialize or qualify key aspects of the business.

Real Estate 355

Real Estate Brokerage Valuation Contracts 355

Cleveland Appraisal Blog

NOVEMBER 11, 2021

” I wonder what would have happened if they had hired appraisers to appraise the homes they were buying, and relied upon a professional real property appraisers’ opinion of value when making their decisions? Of course, I am a real property appraiser, so clearly, I am biased.

Market Value 364

Market Value Valuation Appraisal Real Estate 364

Housing Wire

DECEMBER 7, 2023

And then they will impersonate the property owner. They’ll create a fake, government-issued document like a driver’s license or a passport that has all the credentials of the real property owner except for the bad actor’s picture on. And then months and even years later, the real property owner learns of it.

Real Estate 430

Real Estate Sellers Technology Real Estate Agent 430

Cleveland Appraisal Blog

AUGUST 25, 2022

When you’re about to buy your first real property outside of your primary residence, you should know whether you’re going into it with the intention of renting or if you want to flip and make an immediate profit. This means on a $250,000 property, you’ll have to have a minimum of $37,500 in cash for the banks to even consider a loan.

Investing 332

Investing Renovations Landlords Real Estate 332

DataMaster

JUNE 15, 2023

The purchase of real property for the purpose of investment is not new. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. Those investors (borrowers) are going to want to seek financing for the purchase transaction or to support a refinance.

Appraisal 78

Appraisal Tenants Investors Business 78

The Robert Weiler Company

JANUARY 2, 2021

Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. The basic foundation behind a land contract in Ohio is similar to financing a new car, with some key differences.

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

NOVEMBER 30, 2023

Covers license law, real property, agency, state & federal laws, advertising, valuation, finance, real estate calculations, contracts & more + 15-hr Applied Real Estate Principles, an interactive course Leap Learning 60-hr Online Topics Package $419 60 of required 75 hrs. Self-paced.

Real Estate 401

Real Estate Realtors Real Estate Agent Law 401

Eppraisal

FEBRUARY 7, 2023

Owning raw land has real potential along with its share of pitfalls. Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition.

Development 69

Development Sellers Legal Home Value 69

Simonson Real Estate

JULY 10, 2020

An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. The estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal date. Value Scenarios.

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Housing Wire

NOVEMBER 9, 2020

During the first six months of 2020, the Federal Housing Finance Agency reported that the volume of e-mortgages purchased by Fannie Mae and Freddie Mac spiked significantly. However, the COVID-19 health crisis provided the high-octane fuel needed to open the throttle for digital closings. E-mortgage volume spikes. To date, 37 states and U.S.

Law 433

Law Legal Technology Real Estate 433

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. Understanding the perspectives of the appraiser and bank appraisal review department helps lenders communicate with the borrower at the onset of the real estate financing process.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Listing Spark

FEBRUARY 6, 2023

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. 00:27:49] What is the Third Party Financing Addendum? “So they added a whole section for other financing.

Contracts 36

Contracts Real Estate Sellers Buyers 36

Housing Wire

SEPTEMBER 8, 2022

A coalition of 21 affordable housing groups on Wednesday said Fannie Mae and Freddie Mac made important improvements to their plans to offer housing financing in underserved markets, but still have a ways to go. The scorecard for rural housing finance was also mixed. The scorecard for rural housing finance was also mixed.

Real Property 382

Real Property Finance Mortgage Marketing 382

Cleveland Appraisal Blog

JANUARY 19, 2023

What about financing? Some banks are willing to lend on these types of properties, while others are not. Is there a market for homes without electricity and conventional heating? Are homes like this common in the area? Those are important questions to consider when determining how to value a home like this one.

Appraisal 284

Appraisal Buyers Transportation Real Estate 284

Empire Appraisal Group

JULY 28, 2022

It is in our interest, as competent real estate professionals, to be aware of the ever-changing valuation landscape so that we can help our clients better understand the appraisal and financing process. In most areas, there are likely to be only minimal discrepancies between public records and the appraisal.

Agents 78

Agents Appraisal Valuation Realtors 78

McKissock

APRIL 30, 2021

Additionally, it requires that the buyer and seller are not acting out of undue haste or duress and that the real property has been exposed on the market for a reasonable period of time. This definition requires an arm’s length transaction with each of the parties acting in their own best interests.

Market Value 88

Market Value Real Estate Appraisal Sellers 88

The Robert Weiler Company

SEPTEMBER 7, 2022

Below, we explore why it’s a good idea to buy land in Ohio; the benefits of buying land to build a house or business; and we even detail some alternatives to buying real property… from your couch, if you’re not ready to buy land for sale! There’s an Alternative to Real Property Investing!

Investing 78

Investing Business Real Estate Buyers 78

Housing Wire

APRIL 27, 2022

The Federal Housing Finance Agency today released Fannie Mae and Freddie Mac ’s long-awaited duty to serve underserved markets plans. In the plans, both government-sponsored enterprises explain how they will provide financing for manufactured and rural housing, and support affordable housing preservation.

Finance 379

Finance Real Property Government Mortgage 379

The Robert Weiler Company

SEPTEMBER 30, 2020

The Robert Weiler Company, with over 80 years of experience, excels at the core competencies of commercial real estate appraisal. As economics, finance, law, and technology change, The Robert Weiler Company stays on top of the CRE trends.

Real Estate 137

Real Estate Appraisal Property Appraisal Valuation 137

McKissock

NOVEMBER 3, 2020

In 2018, the Appraiser Qualifications Board (AQB) changed its Real Property Appraiser Qualifications Criteria. business, finance, accounting, economics, etc.), A: It’s hard to attract new people to the profession, and it’s especially hard to attract young people just out of college.

Appraisal 75

Appraisal Training Business Property Appraisal 75

McKissock

SEPTEMBER 20, 2021

This includes referral fees or financial benefits for recommending real estate products and services to the client, like mortgage financing, warranty programs, homeowner’s insurance, title insurance, etc. This includes “opinions of real property value or price.” See NAR’s six Case Interpretations of Article 6.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Appraisal Today

APRIL 1, 2023

This statement definitely applies in the appraisal of real property. Finance and economics professor at the University of South Alabama, Bob Wood, told Fortune that he locked in a fixed 15-year mortgage rate of around 3% when he purchased his home in Mobile, Alabama, in 2014. Is it always dollar for dollar? Sometimes it is.

Appraisal 52

Appraisal Business Marketing Agents 52

The Robert Weiler Company

SEPTEMBER 7, 2022

A land contract is a legal agreement used to purchase real estate through owner financing. A land contract is similar to a mortgage but instead of borrowing funds from a bank or lender, the buyer borrows from the real estate owner. Landowners’ payments from farming leases can help cover management expenses (e.g.,

Marketing 78

Marketing Real Estate Investing Retail 78

McKissock

MAY 14, 2023

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.)

Appraisal 87

Appraisal Appraisal Process Property Appraisal Real Property 87

Appraisal Today

SEPTEMBER 1, 2023

Regardless of the source(s) used, there must be sufficient data to understand the conditions of sale, existence of financing concessions, physical characteristics of the subject property, and whether it was an arms-length transaction. As a side note, after much ado — the real property Standard 1 has only one word change in five years.)

Appraisal 79

Appraisal Contracts Mortgage Real Estate 79

Appraisal Today

SEPTEMBER 22, 2023

When I started in this business long ago, there was no such thing as a licensed appraiser or a certified real property appraiser. I purchased a large house on the water with a dock in 1995 for $375,000 with 100% seller financing. Most of the inspection training we receive as appraisers happens in the field. Recently sold for $1.6

Appraisal 87

Appraisal Training Inspection Real Estate 87

McKissock

DECEMBER 28, 2021

Nonetheless, it would be prudent for appraisers to refresh or develop their knowledge on appraising REO properties.”. Over the past several years, the single largest source of business for real property appraisers has been residential mortgage lending, specifically mortgage refinances. Article written by Joseph Dobrian.

Appraisal 96

Appraisal Reconsideration of Value Real Estate Property Appraisal 96

The Robert Weiler Company

OCTOBER 15, 2021

In addition to hiring an attorney, assemble a team of experts, particularly professional commercial property appraisers to assess the property prior to signing. Department of the Treasury increased the threshold for requiring an appraisal when obtaining financing for a commercial property for sale. 1031 Exchanges.

Investing 138

Investing Real Estate Tenants Investors 138

Appraisal Today

APRIL 2, 2023

Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. I will send some of them in next Friday’s newsletter as more of us have time to review the document.

Contracts 52

Contracts Appraisal HOA Architecture 52

Housing Wire

NOVEMBER 30, 2023

The selected additional course will serve to expand your knowledge in the areas of economics, sales, persuasive communications, workplace collaboration, and/ or corporate finance. For the additional course, choose from topics such as economics, workplace collaboration, communications and persuasion, and sales and corporate finance.*

Real Estate 391

Real Estate Real Estate Agent Law Inspection 391

McKissock

FEBRUARY 16, 2021

To aid the financing of an existing or proposed building. To estimate the real property value for the purpose of one or more partners acquiring the interest of other partners in a proposed or existing building’s ownership. For real estate tax assessment purposes. To examine the feasibility of creating a new facility.

Appraisal 96

Appraisal Tenants Construction Renovations 96

Housing Wire

MAY 25, 2022

The most affordable manufactured homes are financed with private loans with higher interest rates, shorter terms and fewer consumer protections than mortgage loans. The homes financed by these loans come without land, like a car, and the homeowner typically rents the land beneath their home. That means the 17.5

Finance 377

Finance Supply Chain Tenants Real Estate 377