Housing Wire

NOVEMBER 23, 2021

There is also an important racial justice aspect to Neighborhood Homes. According to the Urban Institute , the gap between white and Black homeownership rates is wider today than it was when redlining was legal — 42% of Black families are homeowners vs. 72% of white families. It found that median sale prices grew an additional 11.5%

Investing 450

Investing Renovations Development Construction 450

Housing Wire

MARCH 26, 2024

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. Then, the housing market takes off like a rocket with home values exceeding all expectations.

Law 432

Law Real Estate Property Taxes Marketing 432

Eppraisal

FEBRUARY 7, 2023

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. We have considered the acquisition of vacant land, financing that purchase; and complying with legal standards.

Development 69

Development Sellers Legal Home Value 69

Eppraisal

MARCH 29, 2022

Among the diverse assets seniors can pass on is the familial home. In many cases, this property is mortgage-free and home values are high in a tight, sellers' real estate market. This way, the older person can stay at home until death, at which point there is no further conveyance required. Who Gets First Dibs?

Insurance 69

Insurance Legal Home Value Real Estate 69

Eppraisal

MARCH 26, 2024

Mailbox Rules When you think of maintaining your home value and being a good neighbor, the mailbox you choose may not be the first thing that comes to mind. New homeowners should make sure any past HOA fees are paid in full before closing on a home. Others require board approval before you can make any exterior changes.

HOA 36

HOA Decorating Home Value Real Estate Agent 36

Eppraisal

JANUARY 29, 2023

In this posting, we will follow the acts of contract negotiation and legal settlement when undeveloped land changes ownership. Obviously, there are certain elements of home sales that do not apply to the exchange of raw land, at least not yet. All of these variables can influence the final price paid as well as future home values.

Development 36

Development Counter Offer Easement Legal 36

Eppraisal

JULY 1, 2022

When you choose to go with the FSBO method, you are responsible for many things, including: Determining an accurate home value, gathering photos and other marketing information, and paying to list the house on real estate websites. Preparing all legal documents, like the bill of sale document.

Real Estate Agent 36

Real Estate Agent Real Estate Home Value Legal 36

Eppraisal

AUGUST 19, 2022

Home buyers almost always have a professional home inspection performed by a licensed inspection company when they purchase a home. However, it is not a bad idea for sellers to have a home inspection, or pre-listing home inspection, performed as well.

Inspection 68

Inspection Sellers Buyers Home Value 68

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. But still, he was baffled. Conclusion.

Appraisal 158

Appraisal Appraisal Process Buyers Legal 158

Appraisal Today

APRIL 26, 2024

This practice may shed light on why the correlation between home values and neighborhood racial composition strengthened again from 1980-2015, while the connection between home values and traditional factors like housing characteristics, construction quality, neighborhood amenities, and socioeconomic status weakened.

Appraisal 75

Appraisal Real Estate Real Estate Agent Contracts 75

Eppraisal

OCTOBER 19, 2021

This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. As a result, home values have been increasing. The lender will only lend the loan-to-value amount of money to you, the buyer. They work for the mortgage lenders.

Appraisal 66

Appraisal Contracts Sellers Home Value 66

Housing Wire

NOVEMBER 1, 2023

Through statistical controls and the exclusion of properties without commission data, within the top or bottom 5% of home values, without a completed structure, etc., What about the skill or experience of the brokers involved? the authors attempt to address those concerns. The full methodology is available in the draft.

Clients 432

Clients Agents Buyers Sellers 432

Eppraisal

DECEMBER 28, 2021

Application: Because You Say So When a mortgage applicant sits down with a loan officer to formally request a home loan, the information conveyed is received in good faith, i.e. the lender's representative gives the prospective borrower the benefit of the doubt as far as representations go regarding income, employment, assets and home value.

Mortgage 68

Mortgage Home Value Insurance Loan Officers 68

Cleveland Appraisal Blog

MAY 26, 2023

They had to pay twice to have their property valued. Because in both instances, they first had their homes valued by real estate agents, not appraisers. We must determine if the current use is legally permissible. But then they had to hire me to perform an appraisal. That’s right!

Appraisal 302

Appraisal Real Estate Agent Real Estate Agents 302

Eppraisal

MAY 2, 2023

Opening a Home Office for Physicians and Dentists Health care professionals who want to either build out a home office -- or remodel an existing part of the house for such purposes -- must calculate the obstacles of doing so. Adding square footage can enhance home value.

Business 36

Business Home Value Finance Retail 36

Eppraisal

APRIL 28, 2023

Living at home during construction 5. Effect on home value 6. Getting Permission When you add a business component to your residential structure, you change the property from a legal standpoint. This alone improves home value. Permitting 3.

Retail 36

Retail Business Design Home Value 36

Eppraisal

JULY 19, 2022

With home values rising and homes selling at record speed, it is helpful to have an attorney on your side during the transaction. Contract Review Whether you are a home buyer or a home seller, once you sign a contract it is time to hire a real estate attorney.

Real Estate 36

Real Estate Inspection Real Estate Agent Contracts 36

Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. As home values have been rising, so have earnest money amounts. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money.

Contracts 36

Contracts Real Estate Agent Sellers Real Estate 36

Eppraisal

MARCH 3, 2023

Do you as a homeowners know the difference between a homeowner's insurance policy and a home warranty? With the increase in home values over the last couple years, you have a bigger investment to protect against hazards and defects. Then, the home warranty company will cover the rest of the contractor's bill.

Insurance 36

Insurance Home Value Legal Investing 36

Eppraisal

FEBRUARY 21, 2023

The good news is that home values have also gone up. A Home Equity Line of Credit (HELOC) is one of the ways to use the equity in your home to gain access to money for other expenses. A HELOC is money you borrow after you close on your home and is based on the equity you have in your home.

Home Value 36

Home Value Legal Home Improvement Finance 36

Eppraisal

DECEMBER 27, 2022

If so, you'll need to be aware of how the weather can affect your home inspection as there may be a few challenges. You'll want to make sure you are purchasing a home that is free of major defects and safety hazards, as a solid and safe home will help to maintain your future home value.

Inspection 36

Inspection Home Value Real Estate Agent Real Estate 36

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. But still, he was baffled. Happy appraising!

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. But still, he was baffled. Conclusion.

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

Eppraisal

JULY 8, 2022

With home values rising and buyers paying high prices for homes, title companies' roles are more important than ever. Buyers paying these high prices for homes deserve protection. Title companies are more important than ever before with today's high home values.

Insurance 36

Insurance Real Estate Home Value Buyers 36

Eppraisal

AUGUST 23, 2022

As a seller, if you show potential buyers that your home has tested below action levels for radon, you will build trust and respect immediately. Sellers who do this may retain higher home values as well. Most home buyers will not purchase homes unless the sellers have radon mitigated if it exists at action levels.

Sellers 36

Sellers Buyers Home Value Real Estate 36

Eppraisal

DECEMBER 23, 2022

The first and most important item on your agenda is to make sure the buyer is preapproved and financially qualified to purchase your home. Be sure your agent did an analysis for you and that you are aware of the home values for similar homes in your area. Negotiate the price based on these home values.

Real Estate 36

Real Estate Sellers Inspection Contracts 36

Eppraisal

OCTOBER 26, 2021

If buyers contract to purchase homes "as is," at least they can still have home inspections performed so they are made aware of any defects or safety hazards. If real estate agents recommend to their buyers to waive inspection contingencies, it could backfire and become a legal liability.

Inspection 69

Inspection Buyers Real Estate Agent Contracts 69

Eppraisal

SEPTEMBER 30, 2021

The inventory of available homes is at a record-breaking low. Buyer demand for homes is extremely high. Home values are rising. One of the terms buyers are writing into their offers is that they are willing to purchase the homes "as is." However, it's the legality of the situation.

Inspection 36

Inspection Sellers Contracts Real Estate 36

D Fritz Appraisals

FEBRUARY 22, 2023

However, refinancing will also incur additional closing costs, such as appraisal fees and legal expenses, which the borrower should consider before making a decision. This can provide access to lower interest rates and extended repayment periods, potentially saving money on mortgage payments.

Real Estate 125

Real Estate Investing Appraisal Market Value 125

Housing Wire

NOVEMBER 16, 2023

Real estate forms : It is said that a contract is only as good as the paper it’s written on, and real estate purchase contracts are written on template legal documents that have been reviewed and approved by state-level real estate departments. Rajesh Bhat serves as a Board Director of The Mortgage Office.

Realtors 421

Realtors Contracts Real Estate Agents 421

PennyMac

SEPTEMBER 6, 2023

That being said, sellers are still legally and ethically obligated to disclose major issues to buyers, which can lower the home's value. You usually won’t make the same kind of money selling your home as is as you would selling it the traditional way. Curious How Much Your Home Is Worth?

Renovations 36

Renovations Inspection Sellers Buyers 36

Realtor

NOVEMBER 16, 2017

Legally, veterans are allowed to pay for certain closing costs, which include the following: Appraisal. This process “gives the agents an opportunity to assist the appraiser in making sure they have the whole picture of the home and gives the local agent an opening to help an appraiser be educated on specific local values,” she adds.

Insurance 146

Insurance Appraisal Buyers Real Estate 146

Eppraisal

FEBRUARY 25, 2022

A critical step in the home buying process is the final walkthrough of the house, before it officially and legally becomes yours. The purpose of a final walkthrough is to be sure the home is in the same or better condition than it was when you signed a contract. Successful walkthroughs are the goal for all buyers.

Inspection 36

Inspection Contracts Buyers Agents 36

D Fritz Appraisals

OCTOBER 11, 2022

They are also used to assess the value of the home for home improvement loans and insurance evaluations. Read on for more information about how a home appraiser determines the value of your property. What is a Home Appraisal and Why is it Important?

Appraisal 106

Appraisal Inspection Property Taxes Easement 106

Housing Wire

APRIL 9, 2024

The time-tested resiliency of home values highlights home equity’s importance to American households and its significance for residential real estate investors alike. Good operators will also go above and beyond what is legally required, recognizing that at the end of the day this is about helping people, not creating assets.

Investors 448

Investors Investing Real Estate Finance 448

Appraisal Today

NOVEMBER 4, 2022

They really appreciate it, and it ensures you can complete assignments on time as you had planned (no one likes waiting for a legal description only to have it show up on your day of 4 inspections!). Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

Zillow

JULY 15, 2019

Comps : Or comparable sales, are homes in a given area that have sold within the past six months that a real estate agent uses to determine a home's value. Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56