Housing Wire

OCTOBER 13, 2020

For many, the thought of changing something as fundamental as a method of communication was paralyzing. Change is never easy, and your relationship with your subservicer has probably been on comfortable autopilot for a long time. You may think it’s getting the job done, as well as the job can be done. We know change is hard.

Clients 396

Clients Development Inventory Technology 396

Housing Wire

JUNE 7, 2023

In fact, MBA traditionally argued that g-fees and other pricing methods at the GSEs should only reflect the actual risks of the loans and not be used for other purposes. In the most recent May release, they show just how hard it is for the GSEs to expand access to minorities who make up a significant share of new first-time homebuyers.

Sellers 538

Sellers Business Mortgage Marketing 538

Cleveland Appraisal Blog

FEBRUARY 24, 2022

I hope you enjoy her great tips on moving and starting a home business! If your home simply isn’t big enough or is unsuitable in some other way, you, and your company both will suffer for it. When you start looking around for a new home, you may be uncertain where to start, or overwhelmed with the options.

Business 243

Business Appraisal Real Estate Legal 243

Appraisal Buzz

OCTOBER 18, 2021

My frustration centered on the mundane tasks such as setting up files, data entry and getting the data into the analytical tools used to develop and support adjustments. Fannie Mae and Freddie Mac do not forbid it, but many lenders do as part of their assignment conditions overlay. How I work with Trainees.

Modernization 370

Modernization Valuation Appraisal Training 370

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

Have you ever read thru an appraisal report? You may have noticed that there are three approaches to value. Even if I do not include my development of the Cost Approach in my report, I have it in my work file. I’m glad you asked! WHAT DO APPRAISERS DO WITH EACH VALUE?

Development 344

Development Appraisal Market Value Valuation 344

Housing Wire

NOVEMBER 18, 2020

Shawn Telford: What has changed in many cases is how lenders are asking appraisers to form opinions of value. In most cases the in-person inspections required by GSEs, FHA and VA policies can continue per policy; however, adjustments to policy compliance are often needed to get the loan underwritten. ST: We have seen record demand.

Inspection 379

Inspection Valuation Appraisal Technology 379

Housing Wire

JANUARY 27, 2021

Technology has rapidly changed the process for listing and buying homes, and the general public is taking note and adjusting their expectations of what a real estate broker should be. Many economists are predicting low mortgage rates for an extended period of time which will keep the red-hot seller’s market intact indefinitely.

Real Estate 353

Real Estate Agents Brokerage Sellers 353

Appraisal Buzz

JUNE 7, 2021

Can’t make the time? For appraiser clients, we commonly focus on proactive practices, methods and support, investigations, use of assistants, workflow efficiency, and technology. Buzz : Why do AMCs need the training? If both of those measures are not met, you’re going to have problems. Josh : Yes.

Training 366

Training Reconsideration of Value Valuation Clients 366

Housing Wire

AUGUST 11, 2020

This makes it more important than ever to consider how the U.S. One tool I used for a time to level this playing field was seller-funded down payment assistance. By learning from the lessons of the past, we’ve developed a responsible and safe method to provide much-needed down payment assistance, and I’m proud to be part of it.

Government 447

Government Sellers Development Mortgage 447

Genworth MI Blog

FEBRUARY 29, 2024

Ensuring you know the ins and outs of the appraisal review is imperative to help your borrowers meet that end goal on time. Once it’s time to review the appraisal report, the reviewer needs to ensure that descriptive commentary pertaining to the subject condition is clear and accurate.

Appraisal 88

Appraisal Inspection Training Real Estate 88

Birmingham Appraisal

JANUARY 25, 2023

Tips For Agents on How to Adjust For Square Footage I wrote an article once titled “ Price per square foot is not the holy grail of property value ” where I explained that price per square foot should not be the only metric given consideration when pricing a home.

Agents 76

Agents Appraisal Contracts Buyers 76

Clear Capital

NOVEMBER 14, 2022

How do you feel when an appraisal revision request pops up in your inbox in the morning? You already painstakingly checked your appraisal report the previous night before hitting ‘send’ and now you’re on your screen the next day, making revisions to the same report under a tight deadline! . Frustrating, right?

Appraisal 69

Appraisal Lending Bracketing Appraisal Process 69

Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. So, what does all of this mean for price adjustments? It means they’re down.

Bracketing 64

Bracketing Marketing Sellers Buyers 64

GoForrmz

JUNE 1, 2022

Prioritize your employee safety: keep each other safe in the workplace Regardless of your business type, safety is imperative in everything you do. For example, if you are a construction company, it might make sense to revisit safety procedures after every construction project. What else can we do? What worked?

Training 148

Training Construction Business Government 148

Birmingham Appraisal

APRIL 11, 2023

If you choose the wrong comps the home can stay on the market for an extended period of time. In today’s market where so much information is available online, it’s important to put in the research upfront when pricing a home because we know buyers do and they will know when a listing is overpriced.

Realtors 85

Realtors Bracketing Agents Buyers 85

East Coast Appraisal

OCTOBER 19, 2021

Whether you are buying, refinancing, or simply insuring a home or piece of property, a home appraisal is an important document in the process that you need to understand. Here are six key words and phrases that you should be familiar with before your next appraisal. Adjustment. Sales Approach.

Appraisal Process 52

Appraisal Process Appraisal Real Estate Agent Real Estate 52

McKissock

OCTOBER 17, 2021

Cap rate is one of those things you hear all the time in the marketplace, but many people don’t know exactly what it means. Once you know the capitalization rate of each property, you can judge which one is producing the highest percentage of net operating income (NOI). Cap rate assumes you pay cash.

Investing 85

Investing Real Estate Finance Valuation 85

Lamacchia Realty

JUNE 21, 2022

Homes were selling for well above list prices due to multiple offers, so sellers were not in the position to have to adjust prices to attract buyers. As a result, there’s less demand for the available inventory, creating more price adjustments. Price adjustments/decreases were up across the country in May. See chart below.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Appraisal Today

MAY 10, 2024

To read more plus get links to FHA/GSE documents, Click Here My comments: If you do GSE or FHA appraisals, read this post, plus the links to the documents. Many appraisers will probably not like it, but will like to have a standardized ROV method. There is administrative time involved, as well as legal factors.

Reconsideration of Value 69

Reconsideration of Value Appraisal Real Estate Insurance 69

Lamacchia Realty

AUGUST 3, 2021

Inventory is still very tight despite a slight increase, and as you can see in the chart below from our Massachusetts Updates page , the percentage of homes placed under agreement out of total inventory is still higher than it ever has been but its noticeably lower than it was in the first six months of the year.

Bracketing 68

Bracketing Sellers Buyers Inventory 68

Birmingham Appraisal

JUNE 13, 2023

Dos and don’ts for interacting with appraisers at a property Do introduce yourself and give your card. It will also make it easier for the appraiser to contact you if they have any questions or need any clarification later. Do provide a packet of information about the property.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Reconsideration of Value 78

Appraisal Today

MARCH 15, 2024

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. What if there are few rural areas near you? You can expand your area to include rural appraisals to get more business. You may have some similar rural experience now! I hate this time change.

Appraisal 68

Appraisal Inspection Modernization Business 68

Appraisal Today

SEPTEMBER 22, 2023

I was surprised at how negative they were. To me, the big issue is who is doing the inspections. Only appraisers do the appraisals. What they were doing about inspectors had a wide range. An AMC can offer different levels to their clients, depending on how much reliability their lender customers want or need.

Appraisal 85

Appraisal Training Inspection Real Estate 85

Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? We have done a very poor job of telling the general public what we do and that we are are objective and unbiased. I promise to get back to you as soon as I can.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

McKissock

MAY 6, 2022

When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. It requires more work, so you want to be sure that you are charging for your effort. However, perhaps more than that, you want to be sure you’re following the proper protocol.

Construction 86

Construction Appraisal Inspection Development 86

Boston Appraisal

AUGUST 17, 2023

If you or your client are facing a situation where an appraisal is challenged or disputed, you need to have a solid strategy to defend or contest the appraisal. You also need to have a trusted and experienced appraisal partner who can provide you with a high-quality appraisal that meets the standards of the industry and the court.

Clients 78

Clients Appraisal Market Value Property Taxes 78

Will Springer Realtor

NOVEMBER 21, 2023

Here’s a look at this innovative financing option that’s tailored for first-time buyers and others seeking to get their dream home. A wraparound mortgage is a financing method that allows consumers to buy a property without securing a traditional mortgage. It starts with the current homeowners and their existing mortgage. Default Risk.

Mortgage 64

Mortgage Legal Sellers Buyers 64

McKissock

SEPTEMBER 1, 2020

In this post, I’ll give a few more examples of complex properties, and then I’ll talk about how to tackle them using nonstandard appraisal methods and techniques. This time, let’s look at “the form of ownership” and “market conditions” being atypical. How might we deal with complex assignments? Get the guide!

Appraisal 61

Appraisal Land Lease Valuation Real Estate 61

Appraisal Today

OCTOBER 27, 2023

However, you may encounter some strange—or even spooky—properties from time to time. They were concerned that the electric was still on and could pose a danger as you could hear an electrical buzzing sound. He is about the last person you would think who saw an apparition of a woman. Trainees can be used.

Property Appraisal 71

Property Appraisal Appraisal Business Contracts 71

Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Most workers in America do not have the same opportunities for success and advancement that appraisers have. Why would you want to?

Appraisal 74

Appraisal Mortgage Business Contracts 74

Assurance Financial

DECEMBER 20, 2021

If you’re wondering when you should downsize your home, understand that it may be a lengthy process. If you have more space than you need, would like to save some money or plan to travel more, downsizing could be a great step to help you reach your goals. What do you love about your current home?

Mortgage 69

Mortgage Renovations Buyers Investing 69

Appraisal Today

APRIL 7, 2023

The Mailbox is Full and Cannot Accept Any Messages at this Time. How to Manage Your Emails By Paul Ryll Excerpts: My mother told me today that she called last night and was greeted with, ‘The mailbox is full and cannot accept any messages at this time. In the song, he mentions the house and how it took him years to build it.” “The

Appraisal 52

Appraisal Property Taxes Reconsideration of Value Contracts 52

Appraisal Today

AUGUST 26, 2022

Can I use the cost approach as the primary method of valuation?”. In order to comply with Fannie Mae guidelines, the sales comparison approach must be the primary method used to determine the value. In fact, Fannie Mae will not purchase a mortgage on a property if the cost approach is the primary or only method of valuation used.

Appraisal 52

Appraisal Business Contracts Advertising 52

DataMaster

FEBRUARY 3, 2021

Is it time to overhaul the appraisal process? If you haven’t taken the time to read it, you can take a few minutes and read it here: Public Affairs Detail | Federal Housing Finance Agency (fhfa.gov). .” Many appraisers saw firsthand the workability of appraisal adjustments. Four Components of the RFI.

Appraisal Process 78

Appraisal Process Appraisal Modernization Training 78

Appraisal Today

NOVEMBER 25, 2022

We met at 9:30 am, which was an odd time that he requested. You will probably be going up against an MAI. Your attorney says to the MAI: How many house appraisals have you done this year? Your attorney is happy at winning the case, and you get lots more divorce work. Not what you would expect!

Appraisal 52

Appraisal Market Value Contracts Finance 52

AmeriMac

APRIL 30, 2024

Whether you are buying or selling a commercial property, having a reliable appraisal is essential for negotiating a fair price. The appraiser will research and analyze these sales to determine how they compare to the subject property and make adjustments to arrive at a fair market value.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

Appraisal Today

OCTOBER 7, 2022

The eight percent who cite other valuation methods most often explained that they use a hybrid approach or mostly an exterior appraisal. If a property is listed at $315k, with an offer of $345k, do not harass the appraiser when the appraisal comes in at list!! How much appraisers travel was interesting.

Appraisal 52

Appraisal Contracts Architecture Housing Market 52