Appraisal Today

APRIL 26, 2024

What Does Arm’s Length Mean in Real Estate? The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. Therefore, the final price may not reflect the market value of the property.

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Appraisal Real Estate Real Estate Agent Contracts 77

D Fritz Appraisals

FEBRUARY 22, 2023

Home equity is like having money in the bank, but it’s tied up in your real estate. It represents the difference between what they owe on their home and its current market value. Using equity to buy a second home can be attractive for those looking for additional real estate investments.

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Real Estate Investing Appraisal Market Value 124

Quicken Loans

JUNE 8, 2021

But if you work with a real estate agent who understands your local foreclosure market, the stress shouldn’t be much higher than during a traditional home buy. The traditional way to buy a foreclosed home is at a real estate auction. Buying A Government-Owned Property. Buying At An Auction.

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AmeriMac

JANUARY 19, 2021

Here what you should do is sit down with your real estate agent and review the homes your appraiser deemed similar. You can locate these in your city or county government office. Essentially, the point is to compile a list of important things your real estate agent agrees you should add.

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Realtor

JANUARY 23, 2018

Luke Sharrett for The Wall Street Journal When Blackstone Group LP wanted to borrow hundreds of millions of dollars to buy foreclosed homes after the housing crash, it needed a quick, inexpensive way to value thousands of houses the investment firm already owned and was offering as collateral. It never did, said Ms.

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Appraisal Real Estate Agent Valuation Real Estate 78

Realtor

JANUARY 23, 2018

Luke Sharrett for The Wall Street Journal When Blackstone Group LP wanted to borrow hundreds of millions of dollars to buy foreclosed homes after the housing crash, it needed a quick, inexpensive way to value thousands of houses the investment firm already owned and was offering as collateral. It never did, said Ms.

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Appraisal Real Estate Agent Valuation Real Estate 78

Zillow

JULY 15, 2019

This lexicon of real estate terms and acronyms will help you speak the language like a pro. Appraisal : An informed, impartial and well-documented opinion of the value of a home, prepared by a licensed and certified appraiser and based on data about comparable homes in the area, as well as the appraiser's own walkthrough.

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Real Estate Agent Insurance Inspection Buyers 56

Realtor

AUGUST 1, 2018

We found an FHA-approved lender, and in no time, we were on our way to buying our first home with a government-backed loan. A licensed, HUD-approved appraiser will determine the market value of the home and do a “health and safety” inspection to check for crucial problems such as a crumbling foundation or issues with the mechanical systems.

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Realtor

AUGUST 1, 2018

We found an FHA-approved lender, and in no time, we were on our way to buying our first home with a government-backed loan. A licensed, HUD-approved appraiser will determine the market value of the home and do a “health and safety” inspection to check for crucial problems such as a crumbling foundation or issues with the mechanical systems.

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Inspection Insurance Buyers Renovations 78

Housing Wire

MAY 25, 2021

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. Real estate agents in particular understand local properties extremely well.

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Appraisal Valuation Real Estate Modernization 359

Appraisal Today

JULY 1, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market decline in listing prices, land issues, unusual homes, mortgage origination stats, etc. =. Excerpts: Built in 1972, the prime party house is now on the market for $275,000—and the listing photos have been shared all over the internet.

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Appraisal Contracts Insurance Real Estate 52

Realtor

MAY 15, 2023

. “For a hybrid appraisal, the inspection, sketch, and photos are completed by a third party,” says Matthew Love , a HUD/FHA-approved Certified Residential Appraiser at Real Estate Bees. “Another appraiser, an appraiser trainee, a real estate agent, or a home inspector can provide this service,” adds Love.

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Appraisal Today

SEPTEMBER 15, 2023

Appraisers are less likely this year to cite expanding regulations/interpretations of regulations, lender requirements, pressure from real estate agents/brokers, and liability concerns. From Dave Towne: Over the years, many appraisers have reported being blacklisted by real estate agents and even mortgage brokers.

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Appraisal Real Estate Agent Contracts Real Estate 83

PennyMac

JUNE 28, 2022

A real estate purchase includes many players and moving parts to reach the final sale, and each of the players and parts do cost money. A third-party will determine the fair market value of your property, and that will determine what lenders can give you for your loan. 0.50% of your loan value. Property Tax.

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Realtor

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. As the home buyer of this piece of real estate, you’re entitled to choose the title company.

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Buyers Inspection Contracts Real Estate Agent 208

Appraisal Today

FEBRUARY 9, 2024

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” I looked like a real estate agent.

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Appraisal Contracts Insurance Construction 81

Realtor

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. As the home buyer of this piece of real estate, you’re entitled to choose the title company.

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Buyers Inspection Contracts Real Estate Agent 78

Appraisal Today

APRIL 1, 2023

To see the listing, click here == Dos and Don’ts of Sharing Comparable Sales By: McKissock Excerpts: When real estate agents provide relevant comparable sales to appraisers, it certainly benefits both parties. Our calendar fills up with orders when the real estate market heats up. ” 5. .

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Clients Appraisal Contracts Business 52

Housing Wire

OCTOBER 17, 2023

Given this pre-foreclosure paradox, mortgage servicers and government policymakers are forced to walk a thin line: nudging distressed homeowners toward making a choice that’s in their best interest while also arming them with the knowledge and resources they need to be protected in the pre-foreclosure marketplace.

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Housing Wire

OCTOBER 10, 2023

All are violations of the 1974 Real Estate Settlement Procedures Act (RESPA) … or maybe they aren’t — it depends on the circumstances and who you ask. That’s because real estate agents and loan officers are in survival mode and desperate to close new business. But that comes with some caveats.

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Real Estate Agent Loan Officers Real Estate Agents 437

Assurance Financial

APRIL 29, 2021

Instead of writing a check to put down your earnest money, you can send it to your real estate agent using an ACH. The FHA is a government agency and is part of the U.S. FMV (Fair Market Value). A home’s fair market value or FMV is the price it would sell for under normal conditions.

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Mortgage HOA Insurance Real Estate Agent 74