Raleigh Realty

FEBRUARY 2, 2022

Negotiating Repairs After a Home Inspection What fixes are mandatory after a home inspection? One of those steps is the home inspection and with the home inspection, major issues can arise. A home inspection provides the buyer with a detailed report of the home’s structure, plumbing, electrical, foundation, roof, etc.

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Inspection Sellers Buyers Realtors 158

Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. A CMA report includes information on similar, comparable properties in the area, including recent sales, active listings and current market trends.

Marketing 382

Marketing Real Estate Agent Clients Tools 382

McKissock

AUGUST 10, 2021

Appraising a luxury home can be stressful, so preparation is important before commencing with a luxury home inspection. In this post, we provide valuable tips for preparing to inspect a luxury home, including some key questions to ask of the homeowner, agent, or builder about upgrades and amenities. Research the subject property.

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Inspection Renovations Valuation Appraisal 104

Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? The appraiser inspects the property An appraiser visits the property and conducts a visual inspection of the home’s condition. At this point, an estimated market value is generated. Not necessarily.

Real Estate 438

Real Estate Appraisal Agents Inspection 438

Housing Wire

OCTOBER 10, 2023

We’ve all witnessed the housing market slowdown that has occurred over the last year. Across the country, homes are spending more days on the market as interest rates rise. The “same old listing presentation” and tired marketing tactics aren’t cutting it for agents looking to win listings in today’s competitive and tight market.

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Home Improvement Real Estate Agent Sellers Real Estate 445

Housing Wire

JANUARY 19, 2022

The option is not available for second homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condos, co-ops or manufactured homes. Lenders leapt at the opportunity to conduct appraisals remotely, especially in the northeastern part of the country.

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Appraisal Inspection Appraisal Process Property Taxes 414

Cleveland Appraisal Blog

DECEMBER 24, 2022

Are you planning on renovating your home? What to Expect When Undertaking These 4 Common Home Renovation Projects. When home improvement gives way to major renovations, the implications can be more impactful than you might realize. However, you must be aware of your budget and timeline before committing to a kitchen renovation.

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Renovations Appraisal Home Improvement Buyers 303

Eppraisal

OCTOBER 20, 2023

Are you planning a home renovation to increase your property's value or preparing to sell your home in the future? Home renovations can be exciting and rewarding but can also come with their fair share of challenges. Plumbing Issues Plumbing issues can be a major headache during a renovation.

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Renovations Supply Chain Inspection Modernization 36

Housing Wire

OCTOBER 27, 2020

In today’s hot market, buyers are doing all they can to stand out. Some are waiving inspection contingencies, while others are avoiding repair requests, opting to handle home repairs, fixes and upgrades as needed later on. Are you thinking of skipping inspections or repair requests and handling any minor home repairs yourself?

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Inspection Renovations Buyers Housing Market 424

Housing Wire

APRIL 27, 2023

Another larger player in the space, Progress Residential , recently postponed a securitization transaction due to difficult market conditions. And yet another big force in the market, FirstKey Homes , is pulling collateral out of a 2021 securitization deal.

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Renovations Investing Real Estate Marketing 284

Housing Wire

JUNE 21, 2022

housing stock; yet, they bring some unique characteristics to the market. Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses. The same holds true for the investors that are renovating homes and reselling them.

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Investors Renovations Inspection Government 392

Appraisal Hub

MAY 5, 2024

As a seasoned appraiser in the vibrant real estate market of Toronto, I’ve had the privilege of witnessing the ever-evolving landscape of property valuation. We are tasked with determining the fair market value of a property based on various factors such as location, condition, and comparable sales.

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Real Estate Agent Real Estate Agents Appraisal Process 78

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer. No repairs, no costs.

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Renovations Buyers Appraisal Investing 221

Housing Wire

FEBRUARY 18, 2022

Further, Fannie notes, “Leveraging the wealth of big data, the power of advanced analytics, and the speed of technology, appraisers can perform desktop appraisals without physically inspecting the property.” Appraisals outline the housing trends for particular markets. AVMs do not account for upgrades or renovations.

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Appraisal Process Appraisal Valuation Renovations 357

Housing Wire

JUNE 10, 2021

Home improvements and renovations are also important to buyers. A seller concession could include putting money towards the inspection costs, appraisal fees, taxes or another expense. After all, curb appeal is just as attractive to potential buyers as the indoor layout. Naturally, the price a buyer will ask a seller to pay will vary.

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Sellers Real Estate Agent Real Estate Decorating 545

Housing Wire

MAY 12, 2021

When my wife and I were in the market to buy a house, we got frustrated working with a broker and decided to build one ourselves. Built Technologies in Nashville is one company that has created a suite of software to simplify loans, draws, and inspections for lenders and contractors. Harder than it has to be. Creating transparency.

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Construction Logistics Technology Real Estate 450

D Fritz Appraisals

MAY 13, 2024

7 Steps to Ensure Your Home Sale Goes Smoothly The real estate market in British Columbia is dynamic and diverse, with bustling urban centers like Vancouver and Victoria alongside picturesque rural communities. Addressing leaky faucets, peeling paint, or outdated fixtures can significantly affect how potential buyers perceive the home.

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Real Estate Buyers Sellers Appraisal 116

Genworth MI Blog

FEBRUARY 29, 2024

This should include photos of any recent updates/renovations that were used as adjustments and applied to the sales where the sales comparison approach is presented as support for the opinion of value. Property conditions that impact subject livability, soundness, and/or structural integrity may cause such further inspection/repairs.

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Appraisal Inspection Training Real Estate 88

Zillow

FEBRUARY 15, 2019

If you’re feeling discontent with your home, you may be thinking about renovating … or getting out entirely. But before you knock down walls or put your home on the market, check out our quiz - it could help you think differently about your situation. Should You Renovate or Sell? Consider renovating.

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Renovations Home Improvement Inspection Real Estate 36

Realtor

FEBRUARY 11, 2021

Closing costs are used to pay for items such as appraisals, inspections, and much more. Some costs—such as the down payment, closing costs, home inspection and appraisal—are just the price of admission to homeownership. How important is the freedom to renovate? Are you comfortable with some market volatility?

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Property Taxes Inspection Landlords Renovations 218

Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. You’ll want to include the list price, sale price, and days on market. Many of us are in sellers’ markets with very low inventory.

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Real Estate Open Houses Brokerage Real Estate Agent 342

Zillow

JANUARY 30, 2017

Even in more competitive real estate markets, negotiations still happen once in escrow. Issues typically arise after the home inspection, and those issues tend to result in another round of negotiations for credits or fixes. Here are three buyer tips for negotiating repairs after a home inspection.

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Inspection Renovations Contracts Sellers 36

Cleveland Appraisal Blog

AUGUST 13, 2023

Before you embark on a complete bathroom renovation, take heart. Schedule Regular Plumbing Inspections If you really want to keep your plumbing system eco-friendly, it’s time to practice some TLC. Regular inspections are important to catch plumbing issues and maintain an efficient plumbing and water transport system.

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Appraisal Inspection Transportation Renovations 254

Appraisal Hub

JANUARY 24, 2022

How is it that a costly renovation ended up adding very little value to your home? As a homeowner, it’s your right to request your lender for a qualified appraiser with the knowledge of the type of property you own and the current market situation. Work with the appraiser during an inspection. How is it done?

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Appraisal Property Appraisal Renovations Real Estate 78

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. It depends.

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Home Improvement Renovations Investing Inspection 36

The Robert Weiler Company

JUNE 17, 2022

An investment in this market can provide reliable cash flow, steady appreciation, lower maintenance and management efforts per unit, and diversification of an investor’s portfolio. The latter can be a lot cheaper but the amount of renovations required might end up costing you more in the long-run. Apartmentbuildings.com.

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Property Management Renovations Real Estate Investing 147

Hank Miller Team

JULY 6, 2023

Rookie investors make rookie mistakes; overpaying, underestimating repairs, poor project management, overestimating finished market value and a thousand other things. The residents of this town home ignored routine maintenance for years, it needed extensive renovation. The preliminary inspection resulted in a significant “to do” list.

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Decorating Renovations Project Management Inspection 52

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Renovation loan assessments.

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Appraisal Inspection Property Taxes Easement 105

East Coast Appraisal

AUGUST 11, 2022

Home Appraisal Is the Same As a Home Inspection. Indeed, a home appraisal and inspection have some similarities. However, some key differences exist between home appraisals and inspections. Home Appraisal Value Is the Same as Market Value. The appraised value of a property is different from the market value.

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Real Estate Appraisal Renovations Market Value 52

Appraisal Buzz

JUNE 6, 2022

As appraisers, when we think of improving our skills and appraisal services, we often think about upping our game on market analysis, improving our report layouts, or venturing into a new property type. How many times have you had a client try to move the goalpost on you? “Oh

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Appraisal Clients Appraisal Process Inspection 221

McKissock

JANUARY 31, 2023

We don’t just pull numbers out of the air—they are market supported adjustments backed by ‘many angles’ of research.” ” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” ” “The definition of market value.”

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Real Estate Agent Real Estate Agents Appraisal 97

Chicagoland Appraisal Blog

MAY 13, 2021

Real estate professionals or other appraisal experts can help you determine the market value of your home. Home values are, unfortunately, subject to the ups and downs of the real estate market. During buyer’s markets, sellers might find it difficult to sell an outdated home or to achieve their asking price.

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Appraisal Renovations Home Value Real Estate 88

Realtor

AUGUST 1, 2018

To be approved for the loan, the house must pass an inspection conducted by the U.S. A licensed, HUD-approved appraiser will determine the market value of the home and do a “health and safety” inspection to check for crucial problems such as a crumbling foundation or issues with the mechanical systems. No biggie, right?

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Inspection Insurance Buyers Renovations 136

Lamacchia Realty

AUGUST 12, 2021

Fixer-uppers tend to be popular among real estate investors as well as first-time homebuyers as they present an opportunity to buy below market value. By making updates, the buyer is able to meet or exceed current market standards and build equity in their property faster. How Much Time Do They Take to Renovate? Traveling a lot?

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Renovations Finance Inspection Buyers 69

AmeriMac

DECEMBER 30, 2023

Lastly, we will compare REO appraisals to home inspections and answer whether they are mandatory for all property transactions. Definition and Purpose of REO Appraisals REO appraisals play a crucial role in establishing the market value of homes, especially during the foreclosure process.

Real Estate 36

Real Estate Appraisal Inspection Appraisal Process 36

Cleveland Appraisal Blog

APRIL 21, 2022

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value. Is there merit to these claims?

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Market Value Appraisal Agents Real Estate Agent 350

Eppraisal

MAY 19, 2023

AVM (Automated Valuation Model) is a computer-generated estimate of a property's value based on data such as recent sales in the area, public records, and local market trends. This knowledge can help them provide a more accurate estimate of your home's value based on current market conditions.

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Real Estate Agent Real Estate Agents Inspection 36