Remove Home Value Remove Inspection Remove Insurance Remove Mortgage
article thumbnail

Going to Extremes

Appraisal Buzz

Does the cost of homeowners insurance affect the price of a home? In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. In some markets, the answer is increasingly yes.

HOA 370
article thumbnail

ServiceLink offers brokers constant communication and transparency into valuation and closing

Housing Wire

Home values have increased over the past several months and consumers are realizing there is more equity in their homes than anticipated. This realization has increased demand for wholesale lenders and brokers as borrowers look to refinance, cash-out refinance or otherwise take advantage of the equity in their homes.

Valuation 196
Insiders

Sign Up for our Newsletter

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

article thumbnail

From Appraisal to Freedom: How a PMI Removal Appraisal Can Save You Thousands

Premier Home Appraisal Blog

My home appraisal saved me money! Are you tired of paying for private mortgage insurance (PMI) every month? PMI is typically required when you put down less than 20% on the purchase of a home, but once you reach the equity threshold of 20%, you may be eligible for PMI removal. The average price of PMI is between 0.3%

article thumbnail

Race and the Property Valuation Industry

Appraisal Buzz

A husband and wife requested a bank appraisal to refinance their Jacksonville, Florida home. Only the wife was at home to greet the appraiser when they arrived to inspect her home. When the couple received the final appraisal report of their home’s value, they were shocked! The answer….

Valuation 370
article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

How Home Appraisers Decide on the Value of Your Property. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer.

Appraisal 105
article thumbnail

The Role of an Attorney in a Real Estate Transaction

Eppraisal

Unsure if you should hire an attorney to represent you in your real estate transaction, ask your real estate agent or mortgage lender. With home values rising and homes selling at record speed, it is helpful to have an attorney on your side during the transaction. The buyer's mortgage company requires this.

article thumbnail

Say What? Home-Buying Lingo You Should Know

Zillow

Approved for short sale : A term that indicates that a homeowner’s bank has approved a reduced listing price on a home, and the home is ready for resale. Look for this accreditation or something similar when shopping for a home inspector.). Cancellation of escrow : A situation in which a buyer backs out of a home purchase.