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Types of Appraisals that are in High Demand Due to COVID-19

Appraisal Hub

The COVID-19 pandemic has made a significant impact on economies and businesses around the world. As a result, appraisal firms found an uptick in the demand for residential appraisals due to the pandemic. Home and Mortgage Appraisals. Home and Mortgage Appraisals. Desktop Appraisals.

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What Types of Appraisals Are in High Demand Due to COVID-19?

McKissock

The COVID-19 pandemic has significantly influenced the real estate market over the past year. Last month (March 2021) we asked appraisers across the U.S., “What type of appraisal has seen the MOST growth in demand in your local area due to COVID-19?” Want to participate?

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Impact of COVID-19 On Appraisals

Simonson Real Estate

As the impact of COVID continues to unfold and the real estate market grapples with rapidly changing information and market conditions – commercial appraisers have had to quickly adapt to a new way of gathering reliable and credible data to base their appraisal analysis from. Key Language in Letter of Transmittal.

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Do Rising Interest Rates Affect Real Estate?

Robinson Appraisal Group

Lower rates typically promote an increase in demand for properties, this in turn drives up pricing, while on the flip side of that, higher interest rates reduce the demand since the costs of a mortgage increase deterring prospective home buyers. Interest rates play a crucial role in the housing market.

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Here’s What Your Mortgage Lender Wants You To Know About Buying a House Right Now

Realtor

Getty Images Even during the COVID-19 pandemic, people want—and need—to buy homes. This is creating bidding wars, offers over asking, and appraisal gaps—houses are going quickly,” says Shanon Schinkel , branch manager and mortgage lender at Homebridge Financial Services. There is a shortage of houses in many markets.

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Housing Statistics for Beginners

Birmingham Appraisal

As someone knee-deep in residential real estate appraisal, I’ve got a nugget of wisdom to share: housing statistics are your not-so-secret weapon for leveling up in the real estate hustle. Mastering the Game: Why Housing Statistics Are Your Secret Weapon in Real Estate Hey there, fellow real estate pros! Why Bother with Housing Stats?

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What Does Under Contract Mean in Real Estate?

Raleigh Realty

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. The photos look amazing. The house meets every last one of your specifications.

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