article thumbnail

Fannie Mae: Policymakers should look elsewhere to improve affordability

Housing Wire

The paper argues that while mortgage costs — including mortgage insurance, guaranty fees and loan-level price adjustments — are often the focus of policymakers looking to address affordability, other costs make up most of the overall cost of housing. An FHFA spokesperson declined to comment on the research.

article thumbnail

Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. For example, an appraiser will check the condition of the walls, roof, floors and the structure’s overall integrity.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

12 Types of Expert Witness Assignments for Appraisers

McKissock

Tax appeal. Typically, this would be for local property tax appeals. Appraisals are then required to assist the owners, and eventually the courts, to determine the value of the property. Insurance claims. Learn more. These appraisals generally take the same approach as condemnation appraisals.

article thumbnail

4 Effective Steps to Find Commercial Rental Properties for Sale

The Robert Weiler Company

Once you focus on these criteria, you will have a better understanding of where you want to begin your commercial property search. Property taxes in the area. Local amenities. Average prices of comparable commercial rental properties available in the area. Insurance costs in the area. Quality of the schools.

article thumbnail

Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

Properties may include apartment buildings and condominiums, office buildings, shopping centers, industrial sites, and land for sale. If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed.

article thumbnail

Medical Professionals Moving Guide: Healthcare Relocation Resources

Raleigh Realty

This not only includes differences in housing pricing, but also food, income taxes, property taxes, and the like. There are numerous avenues to use for short-term housing such as fully-furnished homes, long-term rentals with Airbnb, or using a local property management company. USDA Loans- The U.S

Logistics 146
article thumbnail

Rent Vs. Buy: How To Decide In 5 Steps

Quicken Loans

In addition to a monthly payment that’s more than the principal and interest on your mortgage, you’ll also have property taxes, homeowners insurance and (in many cases) mortgage insurance as well as homeowners association fees.