Eppraisal

FEBRUARY 14, 2023

Property Title Property title is the legal term used to say someone has legal ownership to a property and that they have rights to use the property. Buyers "take title" to a home. When you close on a home, you will not receive a title document. However, you will receive a physical, legal document called a deed.

Legal 69

Legal Insurance Sellers Real Estate 69

Housing Wire

JUNE 14, 2022

Fannie Mae and Freddie Mac’s equitable housing finance plans further expand non-traditional property appraisals, which sometimes rely on property tax information, data collected by third parties, or algorithms to assess a property’s value. Both GSEs argue that these approaches advance equity.

Appraisal 311

Appraisal Valuation Inspection Law 311

Appraisal Hub

MARCH 19, 2023

They can conduct divorce appraisals during the settlement to simplify the dissolution of assets in your marriage in terms of property and home values. The spouse who will become the sole owner then pays the other spouse half of the agreed-upon value, either in a single payment or through a legally agreed-upon payment plan.

Legal 78

Legal Appraisal Law Home Value 78

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

Housing Wire

MARCH 26, 2024

Just for a moment, let’s imagine a world in which a person purchases a home shortly before a global pandemic. 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.

Law 420

Law Real Estate Property Taxes Marketing 420

Appraisal Today

APRIL 26, 2024

NOTE: Please scroll down to read the other topics in this long blog post on agent concessions, History of appraisal bias back to 1930s, “one mile” rule and bias, unusual homes, mortgage origination stats, etc. Oceanfront Estate on Kauai’s South Shore $13,995,000 Excerpts: 4 bedrooms, 4 baths, 3,706 sq.ft.,

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

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.

Insurance 69

Insurance Legal Home Value Real Estate 69

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. It's their job to protect the mortgage companies' investments. They work for the mortgage lenders.

Appraisal 66

Appraisal Contracts Sellers Home Value 66

Eppraisal

APRIL 7, 2023

It is wise to think about what the most effective business decision will be in regard to your marital home. Currently, home values are still high, and the real estate market is still good. It is an opportune time to sell your home so you can both enjoy the proceeds from the increase in value.

Real Estate Agent 36

Real Estate Agent Legal Legal Fees Real Estate 36

Housing Wire

NOVEMBER 15, 2023

We’ve explored how mortgage LOs might be affected , how MLSs might evolve in a world without cooperative compensation and assessed NAR’s ability to fight the verdict. But in the end, the people most affected by this legal limbo are the millions of agents and brokers themselves. We wanted to hear from them.

Realtors 386

Realtors Agents Real Estate Real Estate Agent 386

D Fritz Appraisals

FEBRUARY 22, 2023

Taking equity out of your home to buy another house can be a financially advantageous option, as it allows homeowners to tap into the built-up value of their primary residence without worrying about saving up for a second mortgage. Home equity is like having money in the bank, but it’s tied up in your real estate.

Real Estate 124

Real Estate Investing Appraisal Market Value 124

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

Eppraisal

JULY 19, 2022

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.

Real Estate 36

Real Estate Inspection Real Estate Agent Contracts 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 Not the Same as a Mortgage A HELOC is entirely different from a mortgage.

Home Value 36

Home Value Legal Home Improvement Finance 36

D Fritz Appraisals

JUNE 15, 2021

As of May 3rd, 2021, new updates to the Canada Mortgage and Housing Corporation (CMHC)’s First-Time Homebuyers Incentive have come into effect. Victoria is now one of the few cities that has been given enhanced eligibility criteria to help you qualify for a lower monthly mortgage payment. First-time homebuyers, we have great news!

Insurance 141

Insurance Legal Fees Buyers Appraisal 141

Eppraisal

MAY 5, 2023

Getting to that point, as with the other uses, means addressing issues of legal status, financial capacity to effectuate the remodeling; and home value before and after the proposed reconstruction. If you need financing, you might qualify for a residential mortgage -- a much simpler and easier option than a commercial loan.

Business 36

Business Finance Home Value Construction 36

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

MARCH 3, 2023

With the increase in home values over the last couple years, you have a bigger investment to protect against hazards and defects. In fact, in most cases it is required by mortgage lenders, and you may not be able to qualify for a mortgage without it. Home values have risen considerably over the past few years.

Insurance 36

Insurance Home Value Legal Investing 36

Realtor

NOVEMBER 16, 2017

As one tangible way to say “thank you for your service,” current and former members of the military have access to Veterans Affairs home loans. These unique mortgage options allow veterans and those still serving to own a piece of the American dream by potentially qualifying for homes they might have thought were out of reach.

Insurance 146

Insurance Appraisal Buyers Real Estate 146

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

D Fritz Appraisals

OCTOBER 11, 2022

What is a Home Appraisal and Why is it Important? A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Mortgage financing and refinancing. Contact us today to let us know how we can help with your home appraisal needs.

Appraisal 105

Appraisal Inspection Property Taxes Easement 105

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. If you're obtaining a mortgage loan for your home purchase, a title company is necessary.

Insurance 36

Insurance Real Estate Home Value Buyers 36

Realtor

DECEMBER 11, 2017

Even if you’ve agreed upon a selling price, you’ll need to have the home appraised if your family member is seeking a mortgage. You may have already landed on a price, but if your family member is seeking a mortgage, you’ll still have to have the home appraised.

Real Estate 78

Real Estate Real Estate Agent Legal Agents 78

Realtor

DECEMBER 11, 2017

Even if you’ve agreed upon a selling price, you’ll need to have the home appraised if your family member is seeking a mortgage. You may have already landed on a price, but if your family member is seeking a mortgage, you’ll still have to have the home appraised.

Real Estate 78

Real Estate Real Estate Agent Legal Agents 78

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

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

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

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. A home valued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure.

Appraisal 86

Appraisal Real Estate Valuation Contracts 86

PennyMac

SEPTEMBER 6, 2023

Fewer buyers available Marketing an as-is home can be more challenging, plus many lenders require the home to meet certain living conditions. If a home needs a lot of work and the seller isn’t going to contribute to the cost of fixing it up, fewer buyers will be able to afford a mortgage for such a house.

Renovations 36

Renovations Inspection Sellers Buyers 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

Zillow

JULY 15, 2019

This document spells out all the terms of the loan: the amount, the interest rate, the monthly payment, mortgage insurance, the monthly escrow amount and all closing costs. 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.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

Housing Wire

APRIL 27, 2023

billion [due to increased home values]. “…The Hunsaker said for many SFR operators facing uncertainty now, the solution is to stop buying new properties if they believe their cost of capital is rising too much — absent home prices dropping enough in the future to make the numbers work.

Renovations 293

Renovations Investing Real Estate Marketing 293

Realtor

NOVEMBER 16, 2017

As one tangible way to say “thank you for your service,” current and former members of the military have access to Veterans Affairs home loans. These unique mortgage options allow veterans and those still serving to own a piece of the American dream by potentially qualifying for homes they might have thought were out of reach.

Insurance 78

Insurance Appraisal Buyers Real Estate 78

PennyMac

NOVEMBER 27, 2023

Building Equity Over Time As you make mortgage payments, you build equity in your home. Equity is the difference between the market value of your home and the amount you owe on your mortgage. Tax Advantages As a homeowner, you can deduct some of the interest you pay on your mortgage from your federal income taxes.

Market Value 36

Market Value Tenants Renovations Insurance 36

Will Springer Realtor

APRIL 10, 2024

However, this poses its own risks, as listing agents are legally obligated to prioritize their contractual relationship with the seller. A federal appeals court, in a separate legal case, on April 5 granted the DoJ the right to reopen an investigation into NAR policies even after the government ended the probe in 2020.)

Real Estate 36

Real Estate Buyers Sellers Insurance 36

AmeriMac

FEBRUARY 14, 2022

Here, a trained professional will gather as much information about a home as possible – along with information about comparable homes in the area – to determine a fair market value. This is crucial, as no bank will ever sign off on a mortgage for more than a property is worth.

Appraisal 36

Appraisal Appraisal Process Real Estate Legal 36