Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. Editor’s note: There are conventional mortgage options with down payments as low as 3% and government-insured loans with a low- or no-down-payment requirement.)

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Agents Buyers Sellers Inventory 417

Housing Wire

MARCH 21, 2022

“There is so much demand for housing and so little inventory available that I expect most of the properties to be sold, rather than abandoned.” Government agencies that provide guarantees and insurance – in the case of a zombie foreclosure, most likely the FHA – also worry about the home’s condition.

Law 370

Law Inspection Insurance Government 370

Listing Spark

AUGUST 25, 2022

Home inspections are a critical part of real estate. For most buyers and sellers though, they don’t know what they should be looking for in a home inspection. Is there anything you can do to better prepare for future home inspections? 1:08 – What Clayton and Green Scene Home Inspections do. Episode overview.

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Inspection Real Estate Construction Sellers 36

Genworth MI Blog

JULY 13, 2023

The current housing market has been met with low housing inventory, yet demand is still relatively high. There is an on-site visual inspection of the property and a suggestion of improvements followed by the research, analysis and development that produces the appraisal report. That’s where you, the lenders, can step in and help.

Appraisal 78

Appraisal Inspection HOA Real Estate 78

Will Springer Realtor

SEPTEMBER 19, 2023

Unexpected flooding caused major problems for Mabél Guzmán, a real estate broker in Chicago: “I moved into a townhouse that was not even near a flood zone and didn’t require flood insurance,” she says. “I Property owners outside of high-risk flood areas file more than 20% of all claims with the National Flood Insurance Program.

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Insurance Inspection Real Estate Buyers 56

Housing Wire

APRIL 22, 2024

Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce. Perhaps they don’t receive strong enough offers or struggle to address issues that arise at home inspection. Buyer’s agents who can find their clients a home that’s not even on the market are instant heroes.

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Real Estate Open Houses Brokerage Real Estate Agent 449

Appraisal Today

OCTOBER 11, 2024

Some negative outcomes may include: Limitation of investigative property inspection, work scope, anomalies, and interaction with the lender client when unique situations arise. Almost one-quarter (23%) of respondents overall expect insurance premiums in their area to increase after Hurricane Helene. due to wildfires by 320% since 1996.

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Appraisal Insurance Contracts Valuation 79

Lamacchia Realty

MARCH 12, 2024

As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market.

Buyers 68

Buyers Inspection Sellers Real Estate 68

Appraisal Today

SEPTEMBER 22, 2023

To me, the big issue is who is doing the inspections. Most of the inspection training we receive as appraisers happens in the field. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing. Inspection training was very good. Read the full report. Very interesting.

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Appraisal Training Inspection Real Estate 91

PennyMac

DECEMBER 22, 2020

In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. During the appraisal, a licensed appraiser will take inventory of major systems (i.e., Step 7: Have the Property Inspected.

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Inspection Real Estate Agent Real Estate Agents 69

The Robert Weiler Company

APRIL 5, 2023

Warehouse space is typically taller than office space, allowing you more vertical space to store inventory. The most common lease is based on a gross warehouse rental rate, which means that the rent includes everything except for the landlord’s responsibility for taxes, insurance, and maintenance. office, inspection station, docking)?

Landlords 144

Landlords Tenants Logistics Real Estate 144

Lamacchia Realty

JANUARY 10, 2022

Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since. Now in 2022, it’s predicted that inventory will continue to stay low and competition will remain immensely high. Consider Waiving Inspection. Shorten Contingency Time Frames.

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Sellers Buyers Inspection Bracketing 71

Lamacchia Realty

FEBRUARY 22, 2023

2022 started with low inventory and high competition as predicted , but by April rates began their ascent and the market began its shift. Since then, as rates and inflation have continued to influence consumer sentiment and spending, inventory has remained low as sellers hesitate to dive into the market.

Inspection 41

Inspection Buyers Sellers Bracketing 41

Eppraisal

MAY 25, 2021

Advantages of a VA Home Loan According to mortgagereports.com, "the VA loan asks for no down payment, requires no mortgage insurance, and has lenient rules about qualifying, among other advantages." Private mortgage insurance (PMI) is usually required with other loan programs when a buyer's down payment is less than 20% of the home's value.

Sellers 36

Sellers Home Value Inspection Government 36

The Robert Weiler Company

AUGUST 18, 2021

With malls and downtowns dark, all the inventory that would have landed on brick-and-mortar shelves remained at large distribution centers where trucks delivered said goods to eagerly awaiting customers sitting comfortably on the couch. Operating costs often include taxes, insurance, and maintenance. But it’s more than that.

Real Estate 148

Real Estate Logistics Landlords Supply Chain 148

PennyMac

AUGUST 14, 2024

Cons: Potential for Dual Mortgages: If your current home doesn’t sell quickly, you might end up juggling two mortgages, along with other costs like utilities, taxes, homeowners association (HOA) fees and insurance. You’ll also need to factor in ongoing costs like property taxes, homeowners insurance, applicable HOA fees and maintenance.

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Real Estate Agent HOA Finance Real Estate 36

Lamacchia Realty

AUGUST 25, 2021

Inspecting roof shingles and repairing them will prevent water leaks and damage to your home at all times. Inventory and insurance. While taking inventory of your possessions and purchasing home insurance will not prevent any harm from happening, it certainly can help you if damage occurs. Additional Resources.

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Insurance Investing Tools Inventory 41

Appraisal Today

AUGUST 18, 2023

That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. This was the same process many of us underwent with the exterior-only (drive-by) inspections. Confirm that you are covered by your appraisal E&O insurance policy for hybrid and desktop appraisals.

Appraisal 80

Appraisal Contracts Inspection Real Estate 80

Housing Wire

MAY 12, 2021

Still, I’m encouraged to see companies using digital tools and platforms — or creating their own — to take little bites out of a gigantic industry, from streamlining financing and inspections, to centralizing communication, to optimizing budgets and reducing project delays. Creating transparency.

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Construction Logistics Technology Real Estate 468

Appraisal Today

SEPTEMBER 13, 2024

My advice: Always check what plan and updates were actually built when doing final inspection. As noted earlier, for-sale inventory continues to recover, but as rates continue to decline, the lock-in effect on inventory should also fade over time. I always asked to see the final sales document data. What should you do?

Construction 74

Construction Appraisal Contracts Mortgage 74

Appraisal Today

MAY 26, 2023

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.

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Easement Contracts Appraisal Inspection 52

Houston Properties

JANUARY 13, 2021

On the other hand, the four restaurant workers would still need to spend monthly payments for rent, food, transportation, and insurance. We expect a nationwide drop in home values as home inventory continues to shrink and we start to feel the economic impact of last year’s mishaps. 2020 ended favoring sellers.

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Housing Market Marketing Real Estate Realtors 68

Lamacchia Realty

JANUARY 27, 2023

This extensive report breaks down average prices, sales, inventory, listings and pending sales for Broward, Miami Dade, and Palm Beach counties for the 2022 market performance as compared to 2021 and even has data for a few years prior to provide you with a reference point. Prices for all these three counties combined were 7.5%

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Inventory HOA Insurance Buyers 50

PennyMac

JANUARY 3, 2024

With a VA loan, there are: No down payment on home purchase loans* Lower closing cost limits Lower interest rates Relaxed credit requirements No monthly mortgage insurance premiums Already have a VA loan for your first home? Consider getting a home inspection before putting your home on the market to identify priority projects.

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Real Estate Agent Buyers Real Estate Mortgage 36

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. This is the future of GSE using appraisers.

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Appraisal Architecture Business Contracts 52

Zillow

JULY 9, 2019

Today's housing market is short on inventory, with 10% fewer homes on the market in November 2017 than November 2016. If you can afford it, a 20% down payment is ideal for three reasons: Buyers who don't put a full 20% down pay a premium, most commonly in the form of private mortgage insurance (PMI). Focus on what's important to you.

Buyers 53

Buyers Mortgage Investing Sellers 53

The Robert Weiler Company

NOVEMBER 10, 2021

As you may remember, the young Jedi-to-be is seen inspecting with dismay his recently chartered flight, the Millennium Falcon, for a speedy trip to the planet Alderaan. Low mortgage rates and an inventory crunch (limited supply) fuel the US housing market fire. The good news here is that the news is, well – good.

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Real Estate Retail Investing Tenants 78

Housing Wire

MARCH 22, 2024

We can help them avoid common pitfalls and navigate the inventory to make the best decision for their unique needs and financial goals. Do not skip the inspection. Never advise a buyer to skip their inspection, even if it means they lose to a cash buyer. If a buyer insists on waiving their inspection, get it in writing.

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Real Estate Agent Real Estate Clients Agents 441

Will Springer Realtor

AUGUST 9, 2022

Insurers are increasingly exposed to the climate crisis and are currently under-charging premiums by about 58% to at-risk property owners, the report states. or 4% of the population – live in high-flood-risk areas, but FEMA maps used by the insurance industry are often out of date, including 11% of them last updated in the 1970s and ‘80s.

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

DECEMBER 8, 2021

The BBB suggests three steps when preparing to hire a mover: Get three in-person or virtual estimates based on weight, not cubic feet; Opt for full-value-replacement liability insurance; Check with the BBB and the professional moving associations (e.g., Monthly inventory stands at 0.4 The cupboards are bare. This compares to 0.6

Sellers 36

Sellers Marketing Supply Chain Construction 36