Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

Lending 424

Lending Home Value Mortgage Renovations 424

Housing Wire

JULY 25, 2023

Homeowners and renters may not have felt the full impact of climate-related disasters since, oftentimes, they do not end up directly paying for renovations or repairs necessitated by an adverse climate event, Fairweather said. According to a survey of roughly 2,000 U.S.

Housing Market 370

Housing Market Insurance Marketing Renovations 370

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. Its agents are tasked with marketing and selling the home, using their local expertise, Raveis said. .”

Brokerage 404

Brokerage Real Estate Clients Insurance 404

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. Unlike fixed-rate, lump-sum second-lien home-equity loans — HELOCs normally carry variable interest rates.

Housing Market 370

Housing Market Marketing Contracts Lending 370

East Coast Appraisal

SEPTEMBER 12, 2022

Private mortgage insurance, or PMI, allows lenders to offer home loans to buyers without the traditional 20 percent down payment. This insurance covers the risk of financing a mortgage with less equity from the buyer. But for most homeowners, PMI mainly represents an extra fee on their monthly mortgage statement.

Appraisal 52

Appraisal Renovations Insurance Home Value 52

PennyMac

JANUARY 2, 2024

Do you know the return on investment (ROI) of your renovation project? Some renovations can make your home more valuable. If you’re investing in a home renovation in hopes of recouping that money when you sell, it’s important to research and plan ahead before you begin to ensure you’re spending your money wisely.

Home Improvement 36

Home Improvement Renovations Investing Inspection 36

Town & Country Residential Appraisals

AUGUST 14, 2023

If you have not purchased or refinanced recently, your homes value might have changed from where you thought it was just 12 -18 months ago. Knowing the value of your home can be important for many reasons of which, here are a few: Financial Planning The value of your home is a significant component of your overall net worth.

Property Taxes 43

Property Taxes Home Value Insurance Renovations 43

Eppraisal

FEBRUARY 6, 2024

Let's explore the various tax advantages of owning a home compared to renting, shedding light on why investing in homeownership can be a savvy financial move. Mortgage Interest Deduction One of the most significant tax advantages of owning a home is the ability to deduct mortgage interest from your taxable income.

Property Taxes 69

Property Taxes Renovations Home Improvement Law 69

Cleveland Appraisal Blog

APRIL 29, 2021

Does your home have a smell? Any repairs that can be made without requiring an extensive renovation should be made, it’s a great move to ensure a higher value. However, adding a bathroom to your floorplan is one of the pricier renovation projects you can undergo, so it may not be within everyone’s budget. Bottom line.

Appraisal 249

Appraisal Investing Buyers Renovations 249

East Coast Appraisal

FEBRUARY 28, 2022

Market Trends Market conditions determine your home's value at any given time. If there are many houses for sale in your area and the demand is low, your home's worth may decrease. Interest rates and mortgage markets affect how many prospective buyers eye your home.

Appraisal 52

Appraisal Renovations Home Value Construction 52

Eppraisal

OCTOBER 31, 2023

   Property Valuation Your home value is the primary determiner of your asking price. Unless you’re desperate to sell and willing to accept less than what you still owe on your mortgage, price your house based on what these sources say it should be worth.

Marketing 69

Marketing Real Estate Agent Real Estate Valuation 69

PennyMac

OCTOBER 10, 2023

Appraisals are an essential part of the home financing process, ensuring the homebuyer, seller and mortgage lender each have an impartial, consistent and accurate assessment of the value of the property under consideration. The lender is responsible for ensuring that your home provides adequate collateral for the mortgage.

Appraisal 69

Appraisal Real Estate Agent Renovations Home Value 69

DW Slater Company

SEPTEMBER 29, 2021

When you look at the charts, you will see that this has cooled some from last month, however, homes are still selling over list price in all of these counties. Mortgage rates continue to remain flat and historically low. Infestations That Nibble Away Home Value. Are the bidding wars cooling? Median Sales Price.

Real Estate 157

Real Estate Appraisal Renovations Home Value 157

PennyMac

SEPTEMBER 6, 2023

This is especially true if home sellers are trying to move quickly or are hoping to avoid costly renovations. Selling a House As Is Selling a house as-is means the homeowner will not make repairs or renovations before selling it to a buyer, even if the home has structural concerns or is in poor condition.

Renovations 36

Renovations Inspection Sellers Buyers 36

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. April 24, 2024) — Mortgage applications decreased 2.7 built in 2000.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

Eppraisal

SEPTEMBER 26, 2021

It's a good idea to talk to a mortgage lender and get preapproved for a home loan before you engage a real estate agent. Home values are rising, so you will want to be financially secure before you apply for a mortgage. You may be excited to furnish your home, buy new appliances and invest in new decor.

Decorating 36

Decorating Home Value Real Estate Agent Renovations 36

Housing Wire

JANUARY 3, 2024

If a Colorado teacher making the average salary had $20,000 to put towards a down payment and were willing to spend 30% of their pre-tax salary on their mortgage payment, she could afford a house that cost about $225,000. When teachers can’t afford to buy homes, school districts can’t hire teachers.

Landlords 457

Landlords Home Value Construction Renovations 457

Assurance Financial

OCTOBER 27, 2023

One significant advantage is that you can build equity as you pay off your mortgage over time. You can leverage home equity to access cash for major purchases, alternative debt repayment, retirement plans or home renovations. When you obtain a HELOC, you are securing it against your home equity value.

Renovations 36

Renovations Mortgage Appraisal Housing Market 36

D Fritz Appraisals

OCTOBER 11, 2022

Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Home appraisals are not just for when someone is buying or selling a home for themselves however, they are also important for: New construction loans.

Appraisal 105

Appraisal Inspection Property Taxes Easement 105

Eppraisal

SEPTEMBER 8, 2023

An agent can physically inspect your property An AVM can only estimate your home's value based on data such as square footage and number of bedrooms and bathrooms. A real estate agent can provide personalized advice An agent can provide personalized advice on how to improve your home's value before listing it on the market.

Real Estate Agent 36

Real Estate Agent Inspection Real Estate Agents 36

Realtor

JANUARY 23, 2018

Congress outlawed the use of such assessments, called broker price opinions, or BPOs, to value properties for traditional mortgages. Now these perfunctory valuations abound, underpinning tens of billions of dollars of home deals. Now these perfunctory valuations abound, underpinning tens of billions of dollars of home deals.

Appraisal 78

Appraisal Real Estate Agent Valuation Real Estate 78

Realtor

JANUARY 23, 2018

Congress outlawed the use of such assessments, called broker price opinions, or BPOs, to value properties for traditional mortgages. Now these perfunctory valuations abound, underpinning tens of billions of dollars of home deals. Now these perfunctory valuations abound, underpinning tens of billions of dollars of home deals.

Appraisal 78

Appraisal Real Estate Agent Valuation Real Estate 78

AmeriMac

JUNE 6, 2022

As a homeowner, you may be asked to get a home appraisal for a variety of reasons. Maybe you’re refinancing your mortgage, or perhaps you’re selling your home. As a home seller, you will need to go through the process of home appraisal to secure a mortgage. What is a Home Appraisal?

Appraisal 36

Appraisal Renovations Buyers Lending 36

D Fritz Appraisals

NOVEMBER 9, 2019

A local appraisal company working with a mortgage broker local to Victoria BC , can help you find out if you have enough capital or home equity in your existing property to qualify for a mortgage refinance so you can purchase another property. See: Home Appraisals vs Online Home Value Calculators.

Property Appraisal 78

Property Appraisal Appraisal Real Estate Investing 78

D Fritz Appraisals

MARCH 16, 2021

It takes the home itself, the neighbourhood and the available historical data into account to determine the most accurate valuation. If you want to refinance, sell, or buy, the appraisal provides mortgage lenders with straight facts so they can underwrite loans based on the purchase price or the appraisal (whichever is lower.)

Appraisal 126

Appraisal HOA Easement Valuation 126

Raleigh Realty

MARCH 29, 2021

Remember that owning a home can help build your assets, though, and buying a home in the right location will set you up for future success. You can rent the home out to tenants who pay your mortgage and bills while you continue to build your asset. You should try not to spend more than 28 of it on home expenses.

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Listing Spark

MARCH 15, 2022

Home appraisals are a method by which an appraiser reviews a home and compares them to homes in a specific neighborhood to determine their fair market price. Refinancing appraisals are another type of appraisal commonly used when an individual uses their current mortgage to buy and repay his/her existing mortgage.

Appraisal 36

Appraisal Renovations Contracts Buyers 36

Birmingham Appraisal

JULY 7, 2022

These factors, as well as others, have an impact on home values because it affects buyer and seller behavior. The best way to price a home for sale is to use the most current sales and this includes some pending sales. If you keep up with the news there’s no doubt that you’ve heard we are in a recession.

Appraisal 66

Appraisal Marketing Contracts Buyers 66

Assurance Financial

MARCH 2, 2021

If you’ve had your existing home loan and mortgage for a little while, it’s only natural to wonder if you could get a better deal. A mortgage is a tremendous responsibility — so you need a reliable understanding of whether refinancing is a good or bad idea. Is it good or bad to refinance your home?

Investing 69

Investing Mortgage Home Value Marketing 69

PennyMac

DECEMBER 22, 2020

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. Note: An appraisal, which tries to estimate true home value, is different from a home inspection, which tries to take inventory of current and potential issues.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Chicagoland Appraisal Blog

JANUARY 21, 2020

Building home equity is one of the many financial benefits to homeownership, but sometimes it’s hard to know where to start. Increasing your property value through renovations or home additions, and paying off your mortgage, seem like the most straightforward ways to build equity.

Real Estate 78

Real Estate Appraisal Home Value Real Estate Agent 78

AmeriMac

MARCH 29, 2024

Reverse mortgages are becoming an increasingly popular financial tool for homeowners over the age of 62 who want to access equity in their homes. One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan.

Mortgage Appraisal 36

Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

Appraisal Partners Blog

FEBRUARY 4, 2020

Building home equity is one of the many financial benefits to homeownership, but sometimes it’s hard to know where to start. Increasing your property value through renovations or home additions, and paying off your mortgage, seem like the most straightforward ways to build equity.

Real Estate 60

Real Estate Appraisal Home Value Real Estate Agent 60

Housing Wire

APRIL 27, 2023

Inviting an SFR lawsuit Invitation Homes earlier this year failed to convince a judge to dismiss a pending whistleblower lawsuit filed against the company in federal court in San Diego that alleges it made improvements at scores of properties in California without first securing required building permits.

Renovations 377

Renovations Investing Real Estate Marketing 377

Quicken Loans

APRIL 5, 2021

Home value may increase over time. Sense of home stability/permanence. Home value may decrease. Aside from initial closing and moving costs, you may be paying more closing costs when selling a home in addition to other costs such as repairs and renovations that would make the house sell for top dollar.

Landlords 72

Landlords Renovations Property Taxes Finance 72

Houston Properties

JANUARY 13, 2021

Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. In addition, mortgage rates are at an all-time low. Some companies are offering 30-year fixed-rate mortgages for less than 2.3%. Houston real estate is hyper-local.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

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