Housing Wire

JUNE 25, 2024

There are two primary reasons for home appraisals , both of which aim to ensure the rest of the sale goes smoothly. First, appraisals allow buyers to learn whether the property’s fundamentals back up their offer. However, their role in the financing process is more important for many buyers.

Appraisal 397

Appraisal Sellers Real Estate Agent Appraisal Process 397

Housing Wire

JUNE 17, 2024

It can be used to pay nonrecurring closing costs, such as appraisal, processing, title and recording fees. In August 2023, Wells Fargo also announced a down payment grant program that offers $10,000 to eligible buyers. This has resulted in the bank exiting the correspondent channel and shrinking its servicing portfolio.

Lending 482

Lending Retail Appraisal Process Mortgage 482

National Association of Realtors

DECEMBER 16, 2020

Understand home value, learn details about the appraisal process, borrowers rights, and more. Use this resource to become an informed home buyer.

Appraisal Process 85

Appraisal Process Buyers Appraisal Home Value 85

Housing Wire

DECEMBER 21, 2023

Benefits can include: No down payment Competitive interest rates No private mortgage insurance (PMI) Limited or no closing costs Funding fee waived for service-connected disabled veterans More favorable credit criteria Loan types There are a number of VA loan options to meet the needs of today’s veteran buyers, including purchase and refinance.

Mortgage 468

Mortgage Renovations Appraisal Process Finance 468

Housing Wire

APRIL 30, 2022

With first hand knowledge of how complex and time consuming appraisals can be, Reggora is motivated to streamline and modernize the process, benefiting appraisers, lenders and buyers themselves. Before founding Reggora, Brian Zitin and Will Denslow, co-founders, launched a successful real estate brokerage.

Modernization 370

Modernization Appraisal Appraisal Process Valuation 370

Raleigh Realty

FEBRUARY 19, 2022

Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? Now it's time for the home appraisal. But before you do there's one last factor to consider: the home appraisal. Here's what you need to know about home appraisals so that you come prepared.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

Housing Wire

NOVEMBER 8, 2021

“This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. Even under “normal” market conditions, VA buyers struggle to successfully purchase a home using their benefit.

Clients 418

Clients Agents Buyers Sellers 418

Appraisal Buzz

JUNE 26, 2024

These computer models cannot be unreliable or biased, even if they can offer crucial information to lenders, buyers, and sellers. The new regulation is a component of the CFPB’s attempts to guarantee fairness, nondiscrimination, and conflict-free nature of the appraisal process.

Appraisal 391

Appraisal Tools Appraisal Process Real Estate 391

Housing Wire

SEPTEMBER 13, 2022

Buyers want them because floor plans provide a clear, quick sense of the property’s space and flow,” Allen said. Because floor plans also include measurements and room dimensions, they give buyers a more precise sense of, ‘Okay, will my furniture, will my way of living, actually fit into these rooms?’

Training 418

Training Technology Buyers Sellers 418

Kairos Appraisal Services

AUGUST 16, 2023

From virtual house tours to applying for a mortgage online, the real estate industry has embraced new technology, weaving it into many of its processes. The home appraisal industry is beginning to use more technology, too.

Appraisal Process 98

Appraisal Process Technology Appraisal Real Estate 98

Housing Wire

MARCH 1, 2023

Opteon , a Scottsdale-based appraisal, valuation, advisory, and property services provider, has expanded its direct-to-consumer business model nationwide, the company announced on Wednesday. “Our impending technology rollout will enable appraisers to deliver reports straight from the field,” Trice said. .

Appraisal 397

Appraisal Valuation Technology Real Estate 397

Boston Appraisal

JULY 13, 2024

Creating an effective MLS (Multiple Listing Service) listing is crucial for attracting potential buyers and expediting the appraisal process. A well-crafted listing not only highlights the property’s best features but also provides essential information that can streamline the entire transaction.

Appraisal Process 78

Appraisal Process Buyers Appraisal Real Estate 78

Boston Appraisal

JULY 13, 2024

Creating an effective MLS (Multiple Listing Service) listing is crucial for attracting potential buyers and expediting the appraisal process. A well-crafted listing not only highlights the property’s best features but also provides essential information that can streamline the entire transaction.

Appraisal Process 78

Appraisal Process Buyers Appraisal Real Estate 78

Housing Wire

APRIL 6, 2021

Linda (who asked that her real name not be used) beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies. Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. The house, in the Nashville area, was listed at $405,000.

Appraisal 540

Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Cleveland Appraisal Blog

JULY 20, 2022

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? In other words, do appraisal gap clauses cause appraisers to be more “conservative”? An appraisal gap clause can be written into a contract. But not always. Okay, maybe not.

Appraisal 397

Appraisal Market Value Contracts Buyers 397

Realtor

FEBRUARY 22, 2019

-Oxford-/iStock The home appraisal process is just a formality when buying real estate, right? If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Appraisers work for your lender—not you.

Appraisal Process 78

Appraisal Process Appraisal Mortgage Buyers 78

Realtor

FEBRUARY 22, 2019

-Oxford-/iStock The home appraisal process is just a formality when buying real estate, right? If you’ve applied for a mortgage, your home-to-be still has to undergo a comprehensive appraisal of its worth—and an unfavorable home appraisal can kill a real estate deal. Appraisers work for your lender—not you.

Appraisal Process 78

Appraisal Process Appraisal Mortgage Buyers 78

Housing Wire

SEPTEMBER 23, 2021

Others don’t provide appraisers with accurate enough data. Incenter Appraisal Management’s new remote appraisal inspection tool streamlines the appraisal process while ensuring appraisers stay in control of the inspection and data collection. Incenter recognizes the complexity of the appraisal process.

Appraisal 397

Appraisal Inspection Technology Appraisal Process 397

Boston Appraisal

DECEMBER 11, 2023

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal process is important for homeowners, buyers and sellers.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Easement 78

Housing Wire

JUNE 9, 2021

This is a critical advancement in the industry as we’ve seen appraisal timelines continually increase. We also evaluate key metrics related to appraiser performance. HW: What role can data analytics play in alleviating these pain points? JW: The key to transactional efficiency is validated data.

Appraisal 418

Appraisal Property Taxes Valuation Technology 418

Midtown Appraisal Group

MARCH 1, 2022

What you should know about the appraisal process We know that whether you’re a buyer or a seller, the appraisal process – especially for residential or agricultural properties – can be nerve-wracking. Why do I need an appraisal? Contrary to popular belief, […].

Appraisal 147

Appraisal Appraisal Process Sellers Buyers 147

Housing Wire

JULY 9, 2021

Homebuyers and sellers contend with a variety of entities — banks, insurance companies, mortgage servicers, appraisal companies, title providers, agents, brokerages, and even real estate marketers— and the process can be labyrinthine to even those who have gone through it before. Technology plays a big role.

Real Estate 476

Real Estate Business Valuation Technology 476

Housing Wire

DECEMBER 29, 2020

After a historic year for refinancing, Evolve Mortgage announced it acquired the appraisal assets of Veptas Technology Solutions from Veptas Holdings to offset its severe shortage of underwriters. million in a seed round from private investors it will use towards its mission of offering digital mortgages to first-time home buyers.

Mortgage 417

Mortgage Investors Technology Real Estate Agent 417

Appraisal Buzz

DECEMBER 27, 2021

As the appraisal gap widened, the CoreLogic Price Index rose as well, reaching 15% in May of this year. Meanwhile, buyers are plucking up homes left and right. More of them are willing to pay a premium price in a fast-moving market, and appraisers struggled to keep up, so the gap has remained quite wide throughout 2021.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Birmingham Appraisal

JULY 27, 2022

Do Buyers Have a Leg Up In Today’s Market? The smell of a market shift is in the air but what does this mean for the average buyer? Over the past two years, buyers have been put through the wringer. The steep rise in home prices, and the market’s competitive nature, have tested the resolve of buyers.

Buyers 95

Buyers Inventory Sellers Appraisal 95

Appraisal Buzz

DECEMBER 16, 2024

They ask, How do you sell an appraisal business when Im doing all the appraisal work? If potential buyers see that the business hinges entirely on your presence, theyll quickly realize theyre not purchasing a business; theyre buying a stressful job. The answer is simple: You dont.

Business 332

Business Training Appraisal Clients 332

Housing Wire

OCTOBER 26, 2020

When COVID-19 complicated the appraisal process, Xome was able to direct its lender clients to its contactless valuation option via a mobile app. In light of the pandemic, mortgage companies have a great opportunity to leverage digital technologies in unique ways.

Clients 397

Clients Valuation Technology Inspection 397

Housing Wire

JULY 12, 2022

It’s a model in stark contrast to that of inspections for traditional appraisals. It may also be viewed as revolutionary for an industry in which the most significant change to the appraisal process in the past few decades was the advent of appraisal management companies as an intermediary between lenders and appraisers.

Appraisal 435

Appraisal Inspection Real Estate Agent Training 435

DataMaster

APRIL 6, 2021

Share this article with them and chat about the appraisal process. The better the appraisal process is understood, the less customers will question the results! Let’s explore how appraisals work! What Is An Appraisal? What is an appraisal? A lender protects themselves by ordering an appraisal.

Appraisal 158

Appraisal Appraisal Process Buyers Legal 158

Housing Wire

AUGUST 21, 2023

Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. 126 Transactly 3,852% 2017 Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time. Source: Inc.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

Kairos Appraisal Services

SEPTEMBER 3, 2021

AMCs were created from Dodd-Frank to separate mortgage brokers from appraisers, protect the market from inflated and/or biased values, and facilitate the entire appraisal process.

Appraisal Process 52

Appraisal Process Appraisal Real Estate Mortgage 52

Kairos Appraisal Services

DECEMBER 1, 2022

Lending regulations restrict the borrower, mortgage broker, or lender from choosing which appraiser conducts their home inspection and prevents direct communication between these parties. An appraisal… The post How Appraisal Management Companies Aid the Appraisal Process appeared first on Kairos.

Appraisal Process 52

Appraisal Process Appraisal Inspection Lending 52

East Coast Appraisal

JUNE 7, 2021

During an appraisal, your home is inspected and photographed to determine the current market value. If you would like to know more, check out these commonly asked questions about the home appraisal process. What Does an Appraiser Look For? How Can You Boost Your Appraisal Value?

Appraisal Process 52

Appraisal Process Appraisal Home Value Modernization 52

Boston Appraisal

FEBRUARY 11, 2024

Introduction Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Leveraging Market Data The appraisal process begins with a thorough analysis of market data, focusing on sales of properties that share historical or antique characteristics.

Appraisal 147

Appraisal Renovations Architecture Appraisal Process 147

Appraisal Buzz

DECEMBER 9, 2024

The goal is to make sure every adjustment is defensible, based on empirical evidence, and can withstand scrutiny from all stakeholders involved in the appraisal process. It includes insights from CoreLogic economists to help appraisers and home buyers understand the market.

Appraisal 358

Appraisal Marketing Valuation Tools 358

Cleveland Appraisal Blog

JANUARY 7, 2021

The buyer would probably say they were not interested in buying a second car. Of course, if the salesman said that the second car, could be purchased for half-price, the buyer might be interested because they could resell the second car and make a profit. CONSIDERING LAND IN THE APPRAISAL PROCESS. That is how value works.

Appraisal 344

Appraisal Inspection Legal Real Estate 344

Housing Wire

OCTOBER 5, 2022

and probably other places, if you put your house on the market, you’d have literally multiple offers over the list price and sometimes cash buyers. Last year this time in Washington D.C., Now, home prices are still increasing, but not at the rate we were seeing last year. When we look year over year, it was like an 18.5%

Appraisal 370

Appraisal Tenants Appraisal Process Mortgage 370