Remove Home Value Remove Housing Market Remove Inspection Remove Property Appraisal
article thumbnail

Working with buyers in the nation’s hottest housing market

Housing Wire

Austin, Texas might be the hottest housing market in the country. In addition to the same demographic factors driving growth elsewhere — all those millennials buying homes — the number of companies relocating there is a huge draw. year-over-year increase in home values. It is just a super tight housing market.

article thumbnail

FHA Appraisal Tip – Low Water Pressure

Chicagoland Appraisal Blog

The best course of action would be to adress any and all repairs to a home prior to an inspection. Do you want to know what is happening in your market? Did I leave anything out? Let me know in the comments below.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What’s Included in Closing Costs?

PennyMac

From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. If you live in a flood zone, you’ll need to pay a flood inspector from the Federal Emergency Management Agency to certify your home. Lead-Based Paint Inspection. Pest Inspection.

article thumbnail

Appraisals – Check the Water Source!

Appraisal Today

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” New homes – what is happening? No inspections or appraisals?

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. This indicates that we cannot reject the role historic discrimination has played in the evaluation of home values.”.

Appraisal 301