Appraisal Today

JANUARY 26, 2024

Personal Inspection I recently completed an appraisal on a residential dwelling for Lender A that sells loans to Fannie Mae and Freddie Mac and the report was completed on a GSE form. Lender B indicated there wasno need for me to re-inspect the home, since my previous inspection date was only a few days earlier. percent from 6.75

Appraisal 94

Appraisal Contracts Mortgage Inspection 94

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = USPAP does not require use of the specific term “personal inspection”. Answer: No.

Appraisal 77

Appraisal Inspection Modernization Business 77

Appraisal Today

OCTOBER 20, 2023

The inspection was uneventful. I was given a lockbox combination and inspected the vacant home. million 3 bedrooms, 2 baths, 2,281 sq.ft, built in 2008, 21.23 The lender may also contact the In-Plant Primary Inspection Agency or the manufacturer for the HUD Data Plate information. This approximately 900sf, 1.5

Appraisal 80

Appraisal Design Contracts Inspection 80

Lamacchia Realty

JUNE 10, 2022

The informed consumer should not be misled into thinking that this means we’re going to endure a major housing correction or 2008-like scenario. The book of mortgages that have been written in the last 10 years are the strongest book of mortgages in any single decade ever and the opposite was the case leading up to 2008.

Marketing 69

Marketing Sellers Buyers Inventory 69

Appraisal Today

MAY 26, 2023

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. No inspections or appraisals? Today is NOT the same as 2008+, with its massive fraudulent loans made to unqualified buyers. USPAP and the Contract.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

SEPTEMBER 13, 2024

My advice: Always check what plan and updates were actually built when doing final inspection. 77 acre lot, built in 2008 Willow Creek Estate, known as the Wellington of the West, seamlessly blends the tranquility of the countryside with the vibrant allure of coastal living. baths, 15,000 sq. percent from 6.43 percent from 6.73

Construction 79

Construction Appraisal Contracts Mortgage 79

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Doing a national appraisal conference during the 2008 crash was risky but very much needed by appraisers. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.57

Appraisal 89

Appraisal Agents Real Estate Real Estate Agent 89

Appraisal Today

SEPTEMBER 30, 2022

As it turns out, both the appraiser and the home inspector had each independently inspected the home 18 months prior and both mistakenly reported a few of the smoke alarms present at the home, as CO detectors. I request any reports, such as termite or home inspection, even old reports, but rarely get them. I never use the terms.

Appraisal 52

Appraisal Inspection Easement Contracts 52

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. This is the future of GSE using appraisers. percent from 6.50

Appraisal 52

Appraisal Architecture Business Contracts 52

Town & Country Residential Appraisals

JANUARY 24, 2020

They ask you at the inspection “So, how much do you need this to come in at?” The financial collapse of 2008 was a prime example of what happens when various parts of the real estate machine stop functioning objectively and begin to “make deals work.” They always come in at exactly the contract price.

Appraisal 36

Appraisal Market Value Contracts Clients 36

Lamacchia Realty

DECEMBER 28, 2021

From offering dramatically over asking price, putting down massive deposits, waiving home inspection contingencies or not doing home inspections at all, waiving mortgage contingencies, agreeing to close whenever sellers want, and more. It’s not just about how to protect the client with MLS disclosures and contingencies in the contract.

Sellers 74

Sellers Inventory Buyers Realtors 74

Appraisal Today

SEPTEMBER 23, 2022

” “Inspections in a rural area put me on the road up to 200 miles in one day. percent – the highest since October 2008,” said Joel Kan, MBA’s Associate Vice President of Economic and Industry Forecasting. “As The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 5.85

Appraisal 52

Appraisal Marketing Business Appraisal Process 52

Appraisal Today

NOVEMBER 20, 2022

Failures to personally inspect and photograph comparables. This is definitely not a repeat of 2008. ==. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.90 The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.27

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

Houston Properties

JANUARY 12, 2022

While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). Overall, right now properties are still actively going under contract. However, while this is technically true, it is not accurate.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

MAY 9, 2022

You would be hard-pressed to find economists proclaiming that today’s housing environment in the PNW is nearing anything close to the 2008-type bust. the highest percentage since Q3 of 2008. UPDATE: This home is now under contract, pending inspection. So, let’s take that question off the table for now. bath , 6920 sq.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

MAY 13, 2024

were flipped last year, down 29% from 2022 and the largest annual drop since 2008. About three-quarters of the 459 residences are under contract with a target opening late this year. Another two homes are under contract and should be in the sold column in a matter of days. >> In total, 308.9K List price: $3.39M ($864/sq.

HOA 36

HOA Transportation Construction Buyers 36

Assurance Financial

NOVEMBER 9, 2021

A prime example of one of these factors creating a buyer’s market was the financial crisis of 2007-2008. That’s why it’s beneficial to hire someone to conduct a pre-inspection of the house so you can pinpoint and fix any problems before listing the property. Downloadable Guides. First-Time Homebuyer Guide.

Marketing 36

Marketing Sellers Real Estate Buyers 36

Appraisal Today

MAY 24, 2024

22 acre lot, built in 2008 Known as El Palacio Del Solano, the 22-acre property in Somis, CA, boasts a main residence, two-bedroom guesthouse, and an event space designed for grand-scale entertaining. Built in 2008, the luxury estate last traded hands in 2021 for $6,250,000. baths, 19,660 sq.ft., ® this week. percent from 7.08

Appraisal 90

Appraisal Contracts Mortgage Reconsideration of Value 90

Appraisal Today

JULY 15, 2022

Is A Cubicasa Scan an Inspection? Therefore, some may consider scanning a home to generate a floor plan and obtain measurements to be an inspection. We just need to disclose what we did or did not do when it comes to a property inspection. My comments : Good discussion on what is an inspection and who can do it.

Appraisal 59

Appraisal Inspection Contracts Business 59

Houston Properties

JANUARY 13, 2021

In this analysis, we also show you current data along with key lessons from both the 2015 oil price crash and the 2008 great recession. Properties are still going under contract. The Houston Properties Team ran a study of past shocks (Hurricane Harvey, 2008 Crash, 2015 Oil Crash) and how it reshaped the market.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Will Springer Realtor

JUNE 9, 2021

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. One-tenth surveyed said they have added language to contracts that require buyers to share in the materials costs if they continue to rise.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Appraisal Buzz

JUNE 3, 2024

Since 2008, HUD has issued new HUD-VASH vouchers every year. Additionally, VA and HUD partnered to permanently house more than 46,000 homeless veterans in 2023, surpassing the calendar year goal by 22.5%. Currently, there are more than 113,000 HUD-VASH vouchers being administered by 750-plus PHAs.

Tenants 397

Tenants Modernization Inspection Contracts 397

Appraisal Today

NOVEMBER 29, 2024

Few listened to appraisers speaking out about fraud before the 2008 crash. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.86 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.61 percent from 6.90

Appraisal 85

Appraisal Business Contracts Real Estate 85

Appraisal Today

APRIL 4, 2025

I left and told my supervisor to find someone else to do the inspection. Mortgage Policy By Rob Chrisman March 24, 2025 Excerpts: Despite their long standing role in housing finance, Fannie Mae and Freddie Mac have remained under government conservatorship since the 2008 financial crisis, raising ongoing debates about their future structure.

Appraisal 55

Appraisal Tenants Contracts Legal 55