Housing Wire

FEBRUARY 15, 2024

The combination of high home prices and insufficient savings for a down payment makes it challenging for first-time homebuyers to pull the trigger on a property purchase. And that’s how Saller’s clients — siblings in their early 20s — can close on a $335,000, three-bedroom condominium in Jackson, New Jersey, early in March.

Mortgage 446

Mortgage Buyers Loan Officers Sellers 446

Appraisal Buzz

MAY 13, 2024

All of my data sources were very local and included only those areas that were close enough to physically drive to and complete an appraisal. All of the data needed by an appraiser is available in a digital format and made readily available on-line. It was a great day when that set of new books arrived in the mail!

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Appraisal Appraisal Process Technology Tools 347

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. In both instances, FHA and VA borrowers might see their up-front home-buying expenses increase if they have to shoulder agent’s commissions. points from the 7.5%

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Agents Sellers Buyers Finance 454

Cleveland Appraisal Blog

JULY 20, 2022

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? In other words, do appraisal gap clauses cause appraisers to be more “conservative”? An appraisal gap clause can be written into a contract. But not always.

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Appraisal Market Value Contracts Buyers 397

Housing Wire

MAY 7, 2021

The booming real estate market has created a high demand for appraisal services. This is good news for lenders, but it puts a tremendous amount of pressure on appraisers who have to be diligent in their work, while also meeting closing dates. HousingWire: What’s the biggest pain point appraisers are currently facing?

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Housing Market Appraisal Appraisal Process Marketing 545

Housing Wire

FEBRUARY 9, 2021

When you go to buy a home , your mortgage lender will almost always order a home appraisal. They want to verify the home’s worth. But what does it mean for you as the buyer? But what does it mean for you as the buyer? Here’s how to get an instant offer on your home. The purpose?

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Appraisal Real Estate Agent Sellers Real Estate 454

Cleveland Appraisal Blog

OCTOBER 12, 2022

However, when it comes to a data source, I do find that Zillow offers great information for the public. When appraising a property, I usually look to see if there is any information on Zillow about the property I am appraising. Not Understanding How Zillow Reports their Finished Square Footage Can Be Confusing.

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Market Value Appraisal Clients Marketing 334

Cleveland Appraisal Blog

APRIL 21, 2022

It’s tax appeal season and I’ve had several homeowners say that they feel their neighbors are negatively impacting the value of their home for different reasons. My clients said that one of their neighbors has people coming and going until late in the evening, most evenings. Of course, that’s not the same as market value.

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Market Value Appraisal Agents Real Estate Agent 350

Cleveland Appraisal Blog

JULY 6, 2022

In one Facebook group the other day, (yes, I’m back on Facebook ) one member mentioned they feel that a person who scans a property to provide an appraiser with a floor plan should be licensed. WHAT IS AN APPRAISAL INSPECTION? I think it’s important to understand what an appraisal inspection is. What do you think?

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Inspection Appraisal Technology Clients 369

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

In most parts of the country, real estate appraiser’s main source of data is the multiple listing service. MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. An appraiser may miss that sale through no fault of their own.

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Agents Appraisal Renovations Development 374

Housing Wire

JANUARY 10, 2023

For those of us in housing finance, the calendar year change really does mean something. There is a mix of hope and uncertainty as we anticipate the potential increase of post-holiday volume and the proven run up to the spring and summer buying season. Property Appraisal.

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Modernization Finance Appraisal Valuation 383

Cleveland Appraisal Blog

DECEMBER 2, 2021

One appraiser reports a driveway to be two cars in size. It really depends on how the appraiser is looking at it. Are they reporting the width of the driveway, the depth, or how many cars can fit on the driveway? Are they reporting the width of the driveway, the depth, or how many cars can fit on the driveway?

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Appraisal Buyers Market Value Real Estate Agent 243

Housing Wire

APRIL 13, 2021

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. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap.

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Housing Market Buyers Marketing Real Estate Agent 533

Cleveland Appraisal Blog

MAY 26, 2022

Does your home need to be jacked up? Perhaps a better way of asking is, does your house need a lift? Occasionally, when performing appraisal inspections/observations, I see homes that suffer from serious settlement issues. I once appraised a home that had a noticeable tilt to it when walking through.

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Appraisal Inspection Construction Marketing 243

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

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Appraisal Market Value Contracts Agents 418

Cleveland Appraisal Blog

OCTOBER 29, 2021

If you’re reading through an appraisal report, and you make it to the Cost Approach, which is where appraisers report either the reproduction or replacement cost of the home they are appraising, you will see a little field that says, “ Remaining Economic Life “ What does this number indicate?

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Appraisal Development Finance Lending 365

Realtor

SEPTEMBER 19, 2023

Getty Images Home appraisals are a piece of the selling process where you may have to let go of the reins. Lenders often require the use of their own, FHA-approved home appraiser. Here are some things sellers can do—straight from the home appraisers’ mouths—to navigate the process of home appraisals.

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Appraisal Sellers Real Estate Agent Appraisal Process 194

Housing Wire

APRIL 9, 2024

For example, since home appraisals consider trends in past property values, BIPOC neighborhoods may be considered “risky” due to historic segregation and the cumulative effects of chronic underinvestment. The people purchasing homes have changed, growing more diverse and unique. More recently, Patriot Bank paid $1.9

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Modernization Lending Legal Legal Fees 405

Cleveland Appraisal Blog

FEBRUARY 7, 2023

As a Home Measurement Specialist, this article is close to my heart! This week my regular guest blogger, Betty White from Moving Offices San Diego , offers some reasons why you should hire a professional to measure your home as well as to remodel it. One is putting your home on the market. story house.

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Real Estate Agent Property Taxes Real Estate Appraisal 289

Housing Wire

AUGUST 18, 2023

Don’t go to your next listing appointment unless you know the following items: What the seller wants, needs or thinks it’s worth Pricing the home correctly in the first place prevents future price reduction drama. It’s not unusual for a homeowner to believe that their home should fetch a price higher than the comps.

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Sellers Construction Real Estate Finance 370

Cleveland Appraisal Blog

APRIL 29, 2021

Welcome to Emily Miller , who wrote this piece for the Cleveland Appraisal Blog. Tips for Increasing Your Home’s Value Without Spending a Fortune. Tips for Increasing Your Home’s Value Without Spending a Fortune. Buying a property is not just about creating a home, it is making a long-term investment.

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Appraisal Investing Buyers Renovations 249

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. Mortgage lending work is only one type of business where appraisals are needed. Mortgage lending work is only one type of business where appraisals are needed.

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Business Appraisal Real Estate Agent Clients 393

Cleveland Appraisal Blog

SEPTEMBER 21, 2023

Did I give up on blogging and podcasting? I’m sure you’ve read my articles on how much I love using CubiCasa. Anastasia Corjan reached out to me a little over a year and a half ago to invite me to be an Appraisal Ambassador for them. She is a very cool person and knows her stuff when it comes to marketing.

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Marketing Real Estate Agent Real Estate Appraisal 300

Cleveland Appraisal Blog

JANUARY 7, 2021

It can be easy to over-simplify value because value is not always as clear cut as it appears. For example, if a one-acre lot is selling for $10,000, does that mean that a two acre lot is worth $20,000? The value of something usually changes depending on its size. Clearly, the value of the second car would be diminished.

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Appraisal Legal Inspection Real Estate 344

Cleveland Appraisal Blog

FEBRUARY 11, 2022

Several years ago, before the pandemic, I signed up for the Cleveland Half Marathon. When I signed up several years ago, I had some work to do to get back into running shape. I could go to any store, or shop online, and pick up some nice-looking shoes that are cheap. Does it really matter in the long run?

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Appraisal Market Value Clients Design 221

Housing Wire

NOVEMBER 9, 2021

Purchase volume has caught up with, and will likely soon eclipse, refinance volume. That network of back-office services, title and appraisal providers and others tasked with important (and often costly) elements of the lender’s operation aren’t always as easy to evaluate to ensure top-flight efficiency and productivity.

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Mortgage Clients Training Marketing 373

Housing Wire

JUNE 30, 2021

Nearly two out of every five homes in Utah face high fire risk — that’s more than 400,000 properties, the highest share of any state in the Western U.S., Nineteen percent of homes in Colorado are at high risk, and 14.4% of homes in Idaho are at high risk, the study found. What does the future of appraisals look like?

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Real Estate Agent Modernization Real Estate Agents 395

Housing Wire

FEBRUARY 16, 2022

The problem with private money lenders is that good ones are hard to come by. Let’s look at what private money lenders do and how they operate, as well as the potential benefits of using private or hard money loans and how to locate and select a reputable private money lender. How to vet a private money lender.

Real Estate 383

Real Estate Investing Investors Renovations 383

Cleveland Appraisal Blog

JUNE 2, 2022

When it comes to our aging family or loved ones, there comes a point when they are going to need some help. There comes a time in many of our lives when we realize that we need to do more to care for our parents or the other important seniors in our lives. Finding a New Home. I always love her articles!

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Appraisal Local Properties Home Value Contracts 195

Appraisal Buzz

SEPTEMBER 26, 2022

This article was originally published in the latest edition of the Fall 2022 Appraisal Buzz Magazine! Once upon a time, there was a rich nation which valued many things. They all liked value. They claimed to know value. Value was price. The loaners put up most of the money and became interested. Move along.

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Market Value Sellers Buyers Finance 321

Cleveland Appraisal Blog

MARCH 4, 2021

Like most aspects of an appraisal, things seem easy. It seems logical to think that a newer home is more valuable than an older home. Last week, a real estate agent asked me about how appraisers adjust for age. Let’s think about a home that was just built and never lived in. Age is a good example.

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Appraisal Real Estate Real Estate Agent Loan Conditions 223

Housing Wire

FEBRUARY 9, 2021

A quick look at the history of real estate technology will tell you that almost everything up and down the transaction chain has been targeted for innovation. A quick look at the history of real estate technology will tell you that almost everything up and down the transaction chain has been targeted for innovation. Emotions run high.

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Real Estate Agents Technology Sellers 469

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

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Appraisal Market Value Contracts Agents 263

Cleveland Appraisal Blog

JUNE 7, 2022

This week I will be traveling to Columbus for the annual Ohio Coalition of Appraisal Professionals summer seminar. I’m looking forward to a little networking and catching up with my appraisal friends. This week, she tackles the topic of creating a home office on a budget. Hidy Ho friend! Photo via Pexels.

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Decorating Appraisal Real Estate Design 195

Housing Wire

NOVEMBER 30, 2023

Wondering how to get a real estate license in Ohio in 2024? From completing your required coursework to taking the licensing exam, keep reading to learn how to become a real estate agent in Ohio. From completing your required coursework to taking the licensing exam, keep reading to learn how to become a real estate agent in Ohio.

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Real Estate Real Estate Agent Brokerage Agents 425

Cleveland Appraisal Blog

MAY 6, 2022

Essential Home Moving Tips for Seniors. Or, it could be that your fixed income tightened the purse strings, and living at home suddenly started feeling like a tall order. Packing up your suitcases and leaving your family home is never easy, regardless of age. Howdy friends! I hope that you’re doing well!

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Appraisal Logistics Inspection Insurance 221

Housing Wire

APRIL 14, 2023

According to the Federal Reserve, whites — who make up almost 60% of the U.S. According to the Federal Reserve, whites — who make up almost 60% of the U.S. Nearly three-quarters of white Americans own their own home, compared to 48% of Latinos and 44% of Blacks. Value is removed from the community via the payment of rent.

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Real Estate Law Development Business 381