Cleveland Appraisal Blog

APRIL 21, 2022

Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. And having a difficult neighbor can at times diminish our view of what we feel the market value of our property is. How does an appraiser look for evidence? Is that the case?

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Market Value Appraisal Agents Real Estate Agent 354

Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. While this would be a hit to homeowner equity, only 1 to 2 percent more of homeowners would move into negative equity. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Home Prices will fall, but don’t expect 2010.

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Housing Market Marketing Inventory Mortgage 487

Housing Wire

OCTOBER 9, 2023

2] DID YOU KNOW? Here’s what is required: Requirements checklist Be at least 18 years old Have a Social Security Number or Individual Taxpayer Identification Number Have a high school diploma or G.E.D. The actual professionals who many states call “brokers,” however, are called “managing brokers” in Illinois.

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Real Estate Agent Real Estate Agents Brokerage 403

Housing Wire

APRIL 7, 2023

While the applications to refinance did experience an uptick, it’s still 61% lower year over year and mortgage applications to purchase a home rose 2%. What does this sound like to you? Sure, there is evidence to suggest a possible recession , but there is just as much intel supporting the opposite. I think so too.

Retail 374

Retail Real Estate Clients Modernization 374

Housing Wire

DECEMBER 14, 2020

What a crazy year we have all been through. On April 7, in an article for HousingWire , I proposed an economic model that showed what needed to happen for us to proclaim that “America is Back.” Overall, the February housing data was the best I had seen since the early part of the century. ” Tuesday, Dec.

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Housing Market Government Marketing Mortgage 545

Cleveland Appraisal Blog

DECEMBER 24, 2022

What kinds of things can you expect? What to Expect When Undertaking These 4 Common Home Renovation Projects. Necessary projects can be costly and time-consuming, so it is important to know what to expect ahead of time. Are you planning on renovating your home? I hope you enjoy it! Kitchen Remodel. Home Office Addition.

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Renovations Appraisal Home Improvement Buyers 308

Housing Wire

FEBRUARY 20, 2024

Legislation that is pending in Massachusetts , if enacted, would change at least one part of this equation for home inspectors in that state — and potentially in other states, if lawmakers elsewhere in the country also decide move in that direction. Brian Ashe, who co-sponsored the House version of the legislation. and Canada.

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Inspection Real Estate Agent Real Estate Insurance 404

Housing Wire

OCTOBER 5, 2023

And that’s I think what the driver is, so if rates stay higher, which it looks like they’re going to [now above 7%], I actually see that as a positive [for the HELOC] market. “And The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts.

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Housing Market Marketing Contracts Finance 408

Housing Wire

SEPTEMBER 14, 2020

We have already seen evidence that mortgage servicing is forever changed and purchase money lending will suffer, at least in the short term. What we do know is that COVID-19 has driven virtually all commerce online. Lenders must avail themselves of the best possible tools, but that’s only part of the solution.

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Lending Mortgage Technology Business 459

Housing Wire

FEBRUARY 8, 2022

Over the course of three months, HousingWire interviewed about a dozen servicers, housing counselors, academics and lawyers to drill down on how big the ghosting problem is, why it happens, and what the consequences could be for both borrower and servicer. Larry Goldstone is tired of being ghosted. We know who the borrowers are.

Law 364

Law Mortgage Legal Finance 364

McKissock

FEBRUARY 3, 2023

As part of our contributor series, experienced appraiser Conrad Meertins Jr. Your skills are what make you invaluable. Your skills are what make you invaluable. What is the mark of an appraiser who is at the top of his or her “game”? But what if the appraisal form was completely blank with no boilerplate text?

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Appraisal Tools Real Estate Best Value 99

Appraisal Today

MAY 10, 2024

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. Several sections of HUD Handbook 4000.1

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Reconsideration of Value Appraisal Real Estate Insurance 73

Miller Samuel

MARCH 18, 2020

Here are two scenarios shared by appraiser colleagues in another part of the country. Scenario 2 Recap. Imagine if the appraiser was a carrier? Scenario 1 Conversation. Sounds good 10 am is better. Kids are home. With no school. If your sic with a cold or similar please reset appointment. Borrower is elderly and on a respirator.

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Appraisal Inspection Transportation Clients 195

Eppraisal

MARCH 1, 2022

This is partly due to aging and in part due to dread. More particularly, there are tiers of coverage depending on what an owner -- or the mortgage banker -- requires. Insurers might also refuse compensation if evidence points to neglect on the part of the owner. Is the Level of Coverage Still Applicable?

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Insurance Home Value Design Mortgage 36

Will Springer Realtor

JULY 26, 2022

Today, it can be challenging to walk to the water’s edge from Pike Place Market or other parts of downtown and Belltown. Today, it can be challenging to walk to the water’s edge from Pike Place Market or other parts of downtown and Belltown. One of the condos closest to this grand makeover is evident by the name – Waterfront Landings.

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Marketing Buyers Construction Realtors 69

Appraisal Buzz

AUGUST 1, 2022

Summary, What Does it Mean? As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Standard 2 is the specific standard that addresses the reporting of appraisals.

Valuation 360

Valuation Contracts Appraisal Legal 360

The Robert Weiler Company

MAY 18, 2022

What is Return on Investment in Commercial Real Estate? What a great selling point to a potential buyer! Out of all the parts and features of a commercial industrial building, buyers consider the roof a priority. CRE Property #2: Retail/Restaurant Storefront. Consider going solar. Ensure the roof is fully intact.

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Real Estate Tenants Retail Investing 148

Appraisal Today

OCTOBER 27, 2023

Recently we asked our appraisal community, “What’s the weirdest property you’ve appraised recently?” Once I entered the house, the sound was evident and I looked for the source, probably a light fixture with a bad ballast or short-circuit. However what I found was a massive wasp nest that was approx 4′-5′ tall in one of the bedrooms.

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Property Appraisal Appraisal Business Contracts 75

Housing Wire

FEBRUARY 26, 2024

If mortgage rates stay in the 7s or keep climbing, you can see what’s going to happen to home prices. With 59,000 new home sales started this week, that’s 2% fewer than last week. It is important to note that we can have rising inventory and rising sales rates, which is what I expect. And is still 2% higher than last year.

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Sellers Inventory New Listings Contracts 431

Clear Capital

NOVEMBER 14, 2022

What are the impacts of appraisal revision requests? Don’t leave the ‘how’ part out while applying adjustments. Any evidence of inconsistency or inaccuracy will likely result in a revision request. . As an appraiser, your time is valuable, and post-delivery requests are time-consuming. says Folven. .

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Appraisal Lending Bracketing Appraisal Process 69

Portland Appraisal Blog

DECEMBER 7, 2018

He is a nationally recognized valuation expert who teaches a method he calls “ Evidence Based Valuation ©.” Step 2 : Download R Studio (a graphical overlay to R) from this site. As I mention in the bio for this blog, one of the most influential individuals in my professional development as an appraiser is George Dell.

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Appraisal Tools Valuation Development 78

Appraisal Today

FEBRUARY 24, 2023

What Level Appraiser Are You? What is the mark of an appraiser who is at the top of his or her “game”? But what if the appraisal form was completely blank with no boilerplate text? What if you could not use the URAR form at all, but still had to produce an appraisal report that could stand up in court?

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Appraisal Architecture Valuation Business 52

The Robert Weiler Company

OCTOBER 21, 2022

Question 1: What is a commercial real estate appraisal? Question 2: Who conducts a commercial real estate appraisal? Question 3: What is a commercial appraisal used for? Feeling a bit overwhelmed by the thought of a commercial real estate appraisal? For the purpose of this article, we’ll mostly stick to the word “appraisal.”.

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Real Estate Appraisal Property Appraisal Valuation 60

Housing Wire

JANUARY 5, 2023

What did I get wrong? It broke under and over those critical levels for a brief time but for the most part it stayed the course. For 2023, the inflation growth rate is falling, regardless of what the Fed believes or doesn’t believe. That price forecast will be incorrect, as home prices will likely end up between 6.8%

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Housing Market Marketing Inventory New Listings 542

Quicken Loans

JUNE 8, 2021

In a short sale, owners get permission from their lender to sell their residences for less than what they owe on their mortgage. Or maybe you want to buy in a popular neighborhood, but you think its homes are too expensive for your budget? Purchasing a foreclosed home might be the solution. There are several ways to buy a foreclosure.

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Real Estate Agent Inspection Government Real Estate 72

Walitt Solutions

DECEMBER 6, 2019

In Part 1 , I explored the question “What should be in the appraiser’s workfile?” Another common question from appraisers, clients, lenders, and appraisal management companies is “What do we really mean by ‘workfile’? Nature of the workfile. A workfile is not a report.

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Appraisal Training Agents Inspection 28

Housing Wire

MAY 4, 2022

Don Layton, the former CEO of Freddie Mac recently penned what can only be described as an attack piece on mortgage originators from his seat as a fellow at the JCHS, Harvard’s Joint Center For Housing Studies. to $2 trillion in volume. and, in the process, made some inaccurate assumptions as to causality. A bit of history.

Mortgage 417

Mortgage Finance Marketing Training 417

Realvals

JUNE 18, 2023

Mortgage lenders require an appraisal as part of the loan application process. In a home equity line of credit (HELOC), the lender typically requires a full appraisal as part of the application process. I have had many clients that want to make an offer without a contingency, or want to make sure their offer is competitive.

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Appraisal Property Taxes Real Estate Market Value 145

Housing Wire

AUGUST 8, 2023

Busch is vice president and senior mortgage banker at First Savings Mortgage Corporation , a Virginia-based lender that produced $2 billion in mortgages in 2022, less than half the $4.2 But what explains this market’s decline? And what does the future hold for jumbos? And he hasn’t done so voluntarily. Jumbos represented 22.7%

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Insurance Mortgage Clients Lending 352

Housing Wire

DECEMBER 20, 2022

The bigger story here is that if we want to see mortgage rates fall, we need more rental units, and right now we have a massive backlog of 2-unit homes under construction — over 900,000. Traditionally, housing starts, permits, and completions would move together, like what we saw in 2002-2005. This is 10.8 percent (±15.8 percent (±17.6

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Housing Market Marketing Construction Supply Chain 415

Assurance Financial

MARCH 2, 2021

And certainly, refinancing your home can be the right decision as long as you educate yourself thoroughly about the process and know what benefits you can and cannot achieve. Is Refinancing a Bad Idea? A mortgage is a tremendous responsibility — so you need a reliable understanding of whether refinancing is a good or bad idea.

Investing 69

Investing Mortgage Home Value Marketing 69

Raleigh Realty

MAY 3, 2021

The difference between the home's value and what is left in your mortgage is the equity. What Is a Credit Score? But when you're barely into your twenties, you won't have many big purchases to your name. This can impact your credit score — and your ability to secure a loan. Having an active credit card in your name can help, too.

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Real Estate Agent Real Estate Insurance Inspection 78

Lamacchia Realty

JUNE 18, 2021

There are questions about housing market health and what the market is actually doing. For example, if you and your Realtor think your home is worth $500,000 have them run that scenario and have them run it at $475,000 and $525,000 just so that you have a full understanding of what you can afford to buy if you sell for any of those numbers.

Sellers 66

Sellers Realty Buyers Realtors 66

Will Springer Realtor

FEBRUARY 8, 2023

Some evidence from recent weeks and months: Amazon delayed plans to build roughly 3M sq. Some evidence from recent weeks and months: Amazon delayed plans to build roughly 3M sq. Seattle’s retail vacancy rate is around 14%, sharply higher from 2019 numbers when it was slightly below 2%. in Bellevue. in mid-2019. Say it ain’t so!)

Retail 36

Retail Design Development Landlords 36

Will Springer Realtor

APRIL 10, 2024

Sellers will retain the option to compensate buyer brokers for their services, whether in part or in full, acknowledging the crucial role they play in finding financially sound consumers to purchase their homes. This could add additional costs, potentially ranging from 1% to 2% of the agreed price, to their bottom line.

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Real Estate Buyers Sellers Insurance 36

Appraisal Today

DECEMBER 9, 2022

Don’t leave the ‘how’ part out while applying adjustments. What Causes Appraisal Revisions? What Does Seat Time Serve? What purpose does “waiting” serve (a.k.a. For my first appraisal licensing exam years ago, I finished it in around 40 minutes, but we were given 2 hours to take it. Ask questions. 5 Beds | 5.5+

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Appraisal Contracts Business Mortgage 52

Assurance Financial

JULY 23, 2021

Here’s what you need to know as you prepare to pursue your dream of becoming a homeowner. What does it take to qualify for a mortgage? You can divide the home loan process into three major parts — the preparation period, the application period and the approval period. Ready to take the first steps toward buying a home?

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Mortgage Real Estate Agent Government Loan Officers 74