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. The seller wanted that to be a part of the home, and he didn’t want it down in a cellar. The 900 sq.ft. Why Does MLS Availability Affect Appraisals?

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Appraisal Today

FEBRUARY 9, 2024

Homebuilding has been on an upward trajectory since 2009 as builders have slowly climbed their way out of the hole caused by the Great Recession. That has made it hard for some individual sellers of existing homes to compete for buyers. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.41

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Will Springer Realtor

OCTOBER 15, 2024

Further down the funnel are more engaged consumers applying for mortgages, followed by buyers and sellers reaching mutual agreement on a deal, and then happy homeowners moving in at the end of the funnel. Meantime, the number of contract listings – known as Pending sales – rose 6.1% economist Marci Rossell.

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Appraisal Today

SEPTEMBER 20, 2024

percent from one week earlier Appraised Value Vs. Sale Price Excerpts: Property sellers often ask professionals who are performing appraisals for mortgage lending, “Why is an appraisal even needed? This was in 2009 in the throes of the Great Recession. But in 2009, Simonson bought a house. 3 on the way. percent from 6.29

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Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. My personal comments: George called me before the first Appraisal Summit on December 9-11, 2009.

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Appraisal Today

JULY 1, 2022

Excerpts: Built in 2009, the home is has 8 bedrooms, 6.5 2) Many sellers are distracted by hot headlines from the past. More Than 40% of Home Sellers Are Dropping Their Prices in Salt Lake City, Boise, Sacramento and Other Pandemic Hot Spots. The average contract interest rate for 15-year fixed-rate mortgages increased to 5.06

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Appraisal Contracts Insurance Real Estate 52

Will Springer Realtor

AUGUST 13, 2024

For now, potential home buyers and sellers are mostly in a wait-and-see mode. The county has more homes for sale (4440) than any month since September 2022 (4616), presenting great options amid less competition for determined buyers today and improved leverage in negotiations with sellers. The slump started last year with 4.1M

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Appraisal Today

JUNE 3, 2022

Sellers, it’s time to listen. Sellers could sell and relocate to an area with much lower home prices, which a friend of mine recently did. Mortgage Lenders – 1989: FIREEA and appraiser licensing, 2009: HVCC and AMCs took over. The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.59

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Listing Spark

DECEMBER 15, 2022

To ensure compliance, it’s important to get an under contract, verify income and down payment, and have the borrower go to an RMLO to get a full underwrite. 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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Finance Investing Real Estate Lending 36

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.

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Quicken Loans

APRIL 12, 2021

Foreclosure purchases thrived in 2009-2010 when a recession-battered housing market hit its peak foreclosure rate. However, a motivated seller doesn’t always mean the home will sell for dirt cheap. It can be hard to pass up a good deal, especially when it’s on a large purchase like a home. Many banks won’t sell directly to home buyers.

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Will Springer Realtor

JUNE 9, 2021

Even if a household faced the prospect of foreclosure, buyers would be happy to take the home off an owner’s hands – likely at a profit for sellers – while providing needed inventory. One-tenth surveyed said they have added language to contracts that require buyers to share in the materials costs if they continue to rise. lodge home.

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Appraisal Today

MAY 20, 2022

And frankly, sellers are still in the driver’s seat. Fewer pending contracts (big news): We’ve seen a dip in pending contracts over the past few weeks, which speaks to shifting demand. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.49

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Housing Wire

NOVEMBER 2, 2024

Pending contracts First, we must realize that we are working with the third calendar year of the lowest home sales ever recorded, once you adjust that number to the workforce. However, for 2024, we’ve seen inventory growth and no new listings data from stressed sellers. To this date, these principles still apply.

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