Appraisal Today

MARCH 22, 2024

acre lot, built in 2009 This elegant, Georgian mansion is said to be owned by a former executive with ties to the Grey Goose vodka fortune. The 24-room residence was custom built in 2009 and is loaded with exquisite finishes. For those who don’t know, I’ve been involved in appraisal form development, from scratch.

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Appraisal Today

AUGUST 25, 2023

The sellers custom built the home between 2007 and 2009, using high-end materials and finishes, including a wall of windows and 26-foot-high ceilings in the great room. to develop and report appraisals. An MLS is a valuable resource for appraisers in the development and reporting of appraisals. percent from 7.16 percent from 7.11

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Appraisal Today

SEPTEMBER 20, 2024

… If a property is under contract for purchase at $450,000 and an appraiser provides a market value appraisal of $425,000 for the property, the $450,000 sale price is a fact, while the $425,000 appraised value is the appraiser’s opinion. This was in 2009 in the throes of the Great Recession. But in 2009, Simonson bought a house.

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Appraisal Today

JUNE 17, 2022

It did not even though many lots nearby were developed. 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. ==. USPAP and the Contract. Excerpt: But USPAP and the contract have a very unique relationship.

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Appraisal Today

DECEMBER 2, 2022

After graduation he worked for USAA in Real Estate Development. My personal comments: George called me before the first Appraisal Summit on December 9-11, 2009. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.49 George had a Ph.D. percent from 0.6

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Appraisal Today

JULY 1, 2022

When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. Excerpts: Built in 2009, the home is has 8 bedrooms, 6.5 By Jamie Owen. Depreciation!

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Will Springer Realtor

OCTOBER 15, 2024

The recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months,” Lawrence Yun, chief economist for the National Association of Realtors® said in September. After the Fed rate cut, mortgage applications jumped 9% in a week.

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Will Springer Realtor

JULY 11, 2023

The slippage in listings under contract – which is currently at the third-slowest annual pace this century (after 2008 and 2009) – is a barometer for future sales. While the largest chunk of real estate activity – resales – is moving more slowly, new construction is taking over a larger percentage of the action.

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Listing Spark

DECEMBER 15, 2022

Brandon Smith, who has over 13 years of investing and lending experience, specializes in owner financing and has developed a successful system for sourcing deals and minimizing risk. So obviously you know, back in 2009 and 2010 when we started doing owner finance and the markets, you know, you couldn’t flip a house or anything.

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Will Springer Realtor

MAY 9, 2023

month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Legislation related to transit-oriented development did not pass. ———- We are watching developments at Escala , the elegant luxury condo in downtown Seattle. Kitchen and bath professionals are reporting 3.9-month

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Will Springer Realtor

JUNE 9, 2021

You have read here before how lumber prices have soared about 250% in the past year, prompting real concern among developers who are seeing profits dwindle. One-tenth surveyed said they have added language to contracts that require buyers to share in the materials costs if they continue to rise. This 3-bed, 3.25-bath bath , 4522 sq.

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Appraisal Today

MAY 20, 2022

Fewer pending contracts (big news): We’ve seen a dip in pending contracts over the past few weeks, which speaks to shifting demand. Faced with the extraordinary challenge of developing access to the beach and guest retreat the owner assembled a design team to innovate. Where will this black line go in the coming time?

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Housing Wire

FEBRUARY 22, 2022

But homebuilders big and small continue to run into the same problems – building permits are on file, contracts with buyers are inked, but subcontractors often don’t show, and access to materials have led to longer build times and cost overruns. Department of Housing and Urban Development and the U.S. Currently, over 1.7

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Will Springer Realtor

SEPTEMBER 11, 2024

Treasury has also stepped up efforts aimed at boosting affordable housing development. A separate initiative will grant $5M to Seattle in what Housing and Urban Development calls the Pathways to Removing Obstacles to Housing program. The $85M plan is funding efforts in 21 areas of the country (including Bend, Ore.) stronger YoY.

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