Housing Wire

NOVEMBER 22, 2023

It’s moving so much faster than ever before. And generative AI is probably the best example of that. Another example is the LIDAR that’s now available on iPhones, which adds a whole other dynamic to developing point cloud technology to gather measurements and spatial information about anything that you’re scanning.

Appraisal 421

Appraisal Technology Modernization Real Estate Agent 421

Cleveland Appraisal Blog

APRIL 11, 2023

Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value? If prices are changing we must factor that into our opinion of value.

Appraisal 354

Appraisal Market Value Legal Property Appraisal 354

Appraisal Buzz

OCTOBER 3, 2022

What should appraisers know before they sign the appraisal report and deliver their professional opinion of value? Before anyone even tries to tell you what the property value index is for a given marketplace, the professional appraiser should already be aware of what is made available to market participants.

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Appraisal Marketing Real Estate Inventory 370

Cleveland Appraisal Blog

MAY 26, 2023

They had hired the former real estate professional to value their property for the purpose of a divorce. They had to pay twice to have their property valued. Because in both instances, they first had their homes valued by real estate agents, not appraisers. If a real estate agent can price a home, surely, they can value it.

Appraisal 302

Appraisal Real Estate Agent Real Estate Agents 302

George Dell

DECEMBER 6, 2023

The need of the client is the predicted value (estimate). The goal of a valuation is trueness (accuracy) of the prediction or opinion. The developers of EBV (Evidence Based Valuation©) have concluded that best practices are dependent on the needs of the client for reliability and useability of the results.

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Valuation Clients Development 195

Housing Wire

APRIL 4, 2024

of a prospect’s home value. of the appraised value of the home. This column does not necessarily reflect the opinion of Reverse Mortgage Daily and its owners. HUD publishes tables using expected rates in 1/8% increments Because U.S. we must use the nearest 1/8th percent (0.125%). Example With a 2.5%

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Mortgage Home Value Development Appraisal 346

Housing Wire

AUGUST 23, 2022

Property services provider SingleSource Property Solutions is now offering its own attorney opinion letter product, according to an announcement on Monday. SingleSource has launched its “Attorney Conclusion of Title” (ACT), a standardized attorney opinion letter. The product is available nationwide.

Insurance 366

Insurance Legal Mortgage Marketing 366

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? It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. But not always. Okay, maybe not.

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Appraisal Market Value Contracts Buyers 397

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

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. You no doubt have heard of the saying, “junk in, junk out” Our opinions and analysis are only as good as the data we have to analyze. NO BLANK FIELDS. ACCURATE DATA. ACCURATE DATA.

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Agents Appraisal Renovations Development 374

Housing Wire

NOVEMBER 20, 2023

Sellers would continue to see the value in buyer agents — bringing more potential agents to the table and making properties more competitive — while also compensating buyer agents accordingly. The true value of a buyer agent lies in their negotiating skills and existing relationships with listing agents.

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Agents Buyers Real Estate Agent Loan Officers 428

Housing Wire

JULY 11, 2023

Land sales volume continued to exceed the five-year average of $650 million in gross sales during the first six months of 2023, but gross sales are off from the record-setting pace of 2021 and 2022, according to Farmers National Company mid-year land values report , released Tuesday.

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Real Estate Investors Buyers Marketing 358

Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. In my framework, there are three broad buckets: Making purchase possible/financing Transaction and process improvements Post-purchase maintenance and value management We can quibble on the words, but the spirit is clear. Of this, the U.S. exceeds $1.5

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Supply Chain Finance Development Modernization 390

Housing Wire

OCTOBER 1, 2022

In addition, 11% of appraisers cited evaluations (non-appraisal opinions of value) as an appraisal source, while 8% said they had used “other appraisal methods,” which included various hybrid approaches or an exterior appraisal.

Appraisal 392

Appraisal Real Estate Agent Valuation Training 392

Housing Wire

DECEMBER 1, 2021

eMerge, a company that offers alternative valuation solutions, including broker price opinions (BPOs), will allow Accurate Group to increase its broker network and leverage property inspection technology, the company said. The company claims on its website that the total value of homes it has appraised is over $517 billion since 2010.

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Valuation Technology Inspection Investing 387

Housing Wire

SEPTEMBER 20, 2023

Ethical dilemmas went unaddressed, problems remained unresolved and I felt my voice wasn’t heard or valued. I felt heard, valued and empowered. Yet, finding a company where your values align isn’t always easy. Sometimes, you may need the courage to walk away when an organization is clashing with your values.

Real Estate 371

Real Estate Brokerage Realtors Business 371

Housing Wire

NOVEMBER 7, 2023

Banks most frequently cited a less favorable or more uncertain economic outlook; reduced tolerance for risk; deterioration in the credit quality of loans and collateral values; and concerns about funding costs as important reasons for tightening lending standards over the third quarter,” the report said. The survey showed that 30.4%

Lending 446

Lending Mortgage Loan Officers Government 446

George Dell

MAY 19, 2021

We compared price versus value in Part I. There, the leading paragraph defines “market value” as per USPAP Advisory Opinion 22.) The Appraisal Foundation opinion goes on for a full page to explain the explanation of the definition, and the importance of […]. The post Is Market Value Obvious?

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Market Value Marketing Appraisal 195

Housing Wire

MARCH 27, 2024

And before getting my real estate license in 2009, I had the same opinion, too. I’ve had clients who have family members as real estate agents and still decide to work with me because they understand the value and knowledge I provide. Based on NAR’s stats, there are quite a few people who value us as long as we provide value to them.

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Real Estate Agent Real Estate Agents Sellers 308

Housing Wire

APRIL 19, 2023

In February , the Consumer Financial Protection Bureau issued an advisor y opinion addressing how certain mortgage comparison site platforms could potentially be violating the Real Estate Settlement Procedures Act (RESPA) section 8. Lead costs had dropped and the number of competitors [advertising] dropped substantially,” said McAllister.

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Advertising Loan Officers Mortgage Marketing 324

Appraiserblogs

NOVEMBER 14, 2023

Sure, there has been some discrimination going on which is not the norm, but to accuse someone of discrimination because the value came in lower than an expected value is pure asinine. It is not our job to validate lenders and borrowers expected values. This wave of discrimination has gotten out of control. I can remember three.

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Appraisal 114

Housing Wire

OCTOBER 13, 2023

Without revealing any confidential details, for example, Compass is using mostly its own equity rather than cash to deliver value to the sellers. This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners. We were honored to represent the owners of DPP in Pasadena, Calif.,

Real Estate 397

Real Estate Brokerage Valuation Sellers 397

Cleveland Appraisal Blog

OCTOBER 12, 2022

In most cases, my clients looked at sales on Zillow and were of the opinion that my opinion of their property’s market value was too high. In most cases, my clients looked at sales on Zillow and were of the opinion that my opinion of their property’s market value was too high. Good thinking!

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Market Value Appraisal Clients Marketing 334

Appraisal Buzz

MARCH 15, 2022

Through a selection of comparable sales including listings and pending transactions, as well as whether they reconcile their opinions to the lower or higher end of the range of values, appraisers are able to convey to the intended users their understanding and opinion as to what direction the market.

Real Estate 195

Real Estate Clients Appraisal Marketing 195

Housing Wire

OCTOBER 20, 2023

What it leaves out is the value that MLSs bring to the participants in the market, both real estate professionals and consumers. In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. No buyer must use a real estate agent — ever.

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Real Estate Agent Real Estate Brokerage Agents 431

Cleveland Appraisal Blog

JUNE 17, 2022

When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. While it’s true that land values change over time, the land is a finite thing.

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Appraisal Development Market Value Tenants 279

Appraiserblogs

APRIL 9, 2024

Based on the local market appraisal fee, Valuation Connect values the “appraisal expertise” component of a hybrid appraisal at 18% of what the consumer pays for an appraisal. This firm hasn’t awarded us work in about two years, and they only hire us when they are in a jam, and we require the local market rate.

Valuation 115

Valuation Inspection Appraisal Real Estate 115

Housing Wire

AUGUST 14, 2023

News of the rumored pilot program came in March, roughly a year after Fannie Mae first announced that it would be accepting attorney opinion letters (AOLs) in lieu of title insurance in limited circumstances. The success of challenging this pilot underscores the value of advocacy and making your voice heard,” Tomb wrote in the email.

Insurance 366

Insurance Finance Technology Government 366

Housing Wire

APRIL 22, 2024

We have a strong opinion on how AI will impact the industry and where it’s going,” Team began. How to create value “We’re all competing to add value to the transaction. Josh Team, Howard Tager, and Jonathan Lickstein at HousingWire’s The Gathering 2024. Who does AI help the most or least in that paradigm?,” Team asked.

Real Estate 397

Real Estate Tools Brokerage Technology 397

George Dell

SEPTEMBER 14, 2022

Current (urgent) issues include: Bias: real and perceived Wide range of opinions of value Appraiser diversity: age […]. The problem is that some fundamental, underlying issues are not in focus! The concern is that it’s the underlying foundation that may be the core of the problem. The post Appraisal Reform: What’s Missing?

Appraisal 195

Appraisal Modernization 195

Housing Wire

APRIL 17, 2023

This is where you cannot help but recognize the incredible value that IMBs bring to the mortgage market. The Urban Institute , a well-known think tank in Washington, D.C., has a Housing Finance Policy Center that does a significant amount of research and analysis on the housing market. Let’s start with the basics.

Marketing 381

Marketing Lending Finance Mortgage 381

George Dell

NOVEMBER 10, 2021

Market Value is the ultimate goal of appraisals, of AVMs, of evaluations, of BPOs, hybrids, exceptions, and all forms of opinions (everyone has one). So, market value must be based on “the market”! The post What is the Market in ‘Market Value’? Everyone knows what’s a market — (or do they)?

Market Value 195

Market Value Marketing Appraisal 195

Housing Wire

NOVEMBER 18, 2020

Shawn Telford: What has changed in many cases is how lenders are asking appraisers to form opinions of value. Being sensitive to and accommodating diverse opinions and preferences from borrowers regarding COVID-19 is now business as usual. Appraisers are even more reliant on the data obtained through public and private sources.

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Inspection Valuation Appraisal Technology 376

Housing Wire

APRIL 27, 2023

The guidance comes in the form of an advisory opinion pertaining to the Fair Debt Collection Practices Act (FDCPA) and implementation of Regulation F. In the case of [this] advisory opinion, the CFPB is focusing on ‘piggyback’ mortgages,” the Bureau said.

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Mortgage Law Valuation Design 348

Housing Wire

NOVEMBER 13, 2023

In recent years, the value proposition of title insurance has come under attack following Fannie Mae’s announcement that it would accept attorney opinion letters in lieu of title insurance, as well as Fannie Mae and Freddie Mac’s title waiver programs , which were eventually scrapped. It’s easy to see why Frasier is concerned.

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Insurance Real Estate Agents Real Estate Agent 413

Housing Wire

MARCH 4, 2022

In addition, soaring home values resulted in much lower post-withdrawal loan-to-value (LTV) ratios than during the Great Recession, when LTVs were more than ten percentage points higher. Black Knight data shows that lenders originated $1.2 In 2021, homeowners tapped $275 billion in equity. Overall, originations reached $4.4

Home Value 450

Home Value Mortgage Marketing 450

Housing Wire

MARCH 5, 2024

This “principal limit” calculation is based on factors like home value, age, and of course, interest rates. This column does not necessarily reflect the opinion of Reverse Mortgage Daily and its owners. For this reason, I will provide a short monthly educational focus, followed by a summary of the HECM rate market.

Mortgage 394

Mortgage Insurance Home Value Development 394

Appraisal Buzz

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. For a deeper dive into this topic, join us for a one-hour, non-credit. The post Exposure Time Vs.

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Appraisal Marketing Market Value Development 195