article thumbnail

How to price homes properly in a volatile housing market

Housing Wire

That’s 27 percentage points higher than the estimated net proceeds (50% of total debt) for properties that reverted to REO and then were subsequently sold on the retail market, typically through the Multiple Listing Service. Holding properties as REO becomes even more risky in a slowing real estate environment.

article thumbnail

Why You Should Hire Professionals to Measure Your Home

Cleveland Appraisal Blog

They could verify if the area claimed for the county is accurate If you believe that the square footage they have on file for your home does not match the home’s actual size, you can check whether you are paying an excessive amount in property taxes. Do you intend to use it as the foundation for your retail price?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Pennymac profits are up as it tests for a recession

Housing Wire

In the event of a recession with increasing delinquencies, servicers are required to advance funds for expenses such as property taxes, insurance, principal and interest payments. . Pennymac reported projected needs for servicing advances in adverse scenarios. With total available liquidity of 2.8

article thumbnail

The share of owner-occupants buying foreclosures has doubled — here’s why

Housing Wire

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. The estimated monthly mortgage payment — including property taxes and insurance — required just 22.7%

article thumbnail

Columbus Real Estate Investing: Generate ROI with 5 Commercial Property Types

The Robert Weiler Company

The Arch City has not only a diverse population but also many different types of commercial properties for sale , which are ripe for your investment. Commercial real estate in Columbus, Ohio primarily includes apartment buildings, retail centers, industrial warehouses, land for sale, and office buildings.

article thumbnail

Appraisers: How to Manage Your Emails

Appraisal Today

I’m always looking for something new ;> == 2023’s Property Taxes by State Excerpts: Depending on where you live, property taxes can be a small inconvenience or a major burden. The average American household spends $2,690 on property taxes for their homes each year, according to the U.S.

article thumbnail

Commercial Appraisal: Understanding the Basics

AmeriMac

They provide an objective opinion on the value of a property, considering factors such as market conditions, comparable sales, and income potential. These appraisals are valuable tools for property owners, investors, and lenders, helping them make informed decisions about sales, refinancing, property tax assessments, and estate planning.