Movoto

APRIL 8, 2024

This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. Real estate purchase contracts come into play to protect both parties and move the sale forward, helping prevent either party from wasting the other’s time and money.

Contracts 36

Contracts Real Estate Property Taxes Inspection 36

Appraisal Buzz

JUNE 7, 2024

As Director, Chopra is also a member of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) and the Financial Stability Oversight Council (FSOC). According to CFPB Circular 2024-03, companies use fine print tactics to try to trick consumers into believing they have given up certain legal rights or protections.

Contracts 195

Contracts Insurance Legal Business 195

Empire Appraisal Group

JUNE 24, 2021

Insurer Growing as 3 Private Insurers Cancel Policies. Insurer Growing as 3 Private Insurers Cancel Policies | Florida Realtors. As another hurricane season bears down on the state, more than 50,000 Florida home insurance customers will soon receive notices that their policies have been canceled or won’t be renewed.

Insurance 78

Insurance Legal Agents Contracts 78

Birmingham Appraisal

JUNE 11, 2024

My Appraisal Business Has Shifted, Has Yours? When most people think about real estate appraisals, they often associate them solely with buying or refinancing a home. However, real estate appraisals serve many other essential purposes that extend far beyond these conventional uses.

Appraisal 84

Appraisal Property Taxes Valuation Real Estate 84

Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Appraisers, and surfers, have varying levels of experience, and experiences. Appraisers were busy cranking out appraisal reports.

Appraisal 78

Appraisal Mortgage Business Contracts 78

Appraisal Today

JUNE 23, 2023

This Is Where Appraisal Liability Risks Lie (Plus Tips on How to Avoid Them) By: McKissock Excerpts: While it’s difficult for a litigant to win a judgment against an appraiser, that doesn’t spare appraisers the inconvenience of being sued, which can be costly, time-consuming, and harmful to one’s reputation even if the suit fails.

Appraisal 89

Appraisal Real Estate Valuation Contracts 89

McKissock

JANUARY 6, 2023

How about one for you and your appraisal business? Most of us are fee appraisers who work independently. Our opportunity is time—it’s time to take stock of where we are and perhaps consider diversification or an alternative appraisal career. Here are a few ideas for transforming your appraisal career in 2023.

Appraisal 74

Appraisal Training Lending Land Management 74

Empire Appraisal Group

JULY 1, 2021

5 Appraisal Topics Every Agent Should Know. Source: 5 Appraisal Topics Every Agent Should Know | Realtor Magazine. Appraisers are an integral part of the real estate sales process. Interacting With an Appraiser at a Property. Don’t tell the appraiser your client needs a certain value, for example.

Agents 78

Agents Appraisal Real Estate Realtors 78

PennyMac

AUGUST 31, 2024

During closing, you’ll need to carefully review, approve and sign numerous legal documents that officially transfer ownership of the property to you. The price is formally documented in the purchase agreement, a legally binding contract that outlines the terms of the transaction.

Inspection 36

Inspection Real Estate Agent Sellers Legal 36

Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. You can say no to the counteroffer, accept it or propose new changes to the contract. Arriving at a verbal agreement differs from being in a contract.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Appraisal Today

MAY 10, 2024

Appraisersblogs with Dave Towne’s opinions plus many appraiser comments. Within this framework, the lender must include steps for the borrower to appeal an appraisal when they believe the value opinion: is unsupported; is deficient due to unacceptable appraisal practices; or reflects discriminatory practices.

Reconsideration of Value 76

Reconsideration of Value Appraisal Real Estate Insurance 76

Appraisal Today

SEPTEMBER 30, 2022

Killed by Carbon Monoxide: Appraiser Blamed. Excerpts: For decades, appraisers have been gently reminded to pay careful attention to smoke alarms and carbon monoxide (CO) detectors—especially noting when they are absent altogether. Humor for Appraisers. Read this article on how to check CO detectors. CO Detector vs Smoke Alarm.

Appraisal 52

Appraisal Inspection Easement Contracts 52

D Fritz Appraisals

FEBRUARY 22, 2023

However, refinancing will also incur additional closing costs, such as appraisal fees and legal expenses, which the borrower should consider before making a decision. Fritz Appraisals Can Help You With Your Next Home Using equity to buy a second home in Canada can be an advantageous financial move for many homeowners.

Real Estate 126

Real Estate Investing Appraisal Market Value 126

Eppraisal

JULY 19, 2022

Contract Review Whether you are a home buyer or a home seller, once you sign a contract it is time to hire a real estate attorney. Most real estate contracts call for a specific amount of time, typically five to 10 business days, for attorney review. All correspondence is usually in the form or legal letters and emails.

Real Estate 36

Real Estate Inspection Real Estate Agent Contracts 36

The Robert Weiler Company

OCTOBER 21, 2022

Feeling a bit overwhelmed by the thought of a commercial real estate appraisal? The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Eppraisal

JANUARY 29, 2023

In this posting, we will follow the acts of contract negotiation and legal settlement when undeveloped land changes ownership. Other information on the land is there, too: square footage/acreage, legal address, assessed value and the last sales price, to name a few. Subsequently, the process of conveyance must proceed.

Development 36

Development Counter Offer Easement Legal 36

Movoto

MAY 29, 2024

After an offer is accepted when buying a home , the sale will enter the under-contract phase leading up to the final real estate closing day. Here, we’ll quickly walk through the different steps from the beginning of the under-contract period through the final real estate closing day. What is a Real Estate Closing?

Real Estate 36

Real Estate Inspection Real Estate Agent Buyers 36

Aedis Appraisals

JANUARY 12, 2018

Regardless of whether you happen to be a lender or buyer, it’s important for you to understand the salient details of contemporary real estate appraisals, especially if your forthcoming transaction is lucrative and vital to your financial future. Real Estate Appraisers Are Knowledgeable Professionals. Legal settlements and litigation.

Real Estate 36

Real Estate Appraisal Valuation Legal 36

Appraisal Today

JUNE 14, 2024

Factory-Built Houses: Types, Benefits, and Tips for Appraisers By Dan Bradley Excerpts: Factory-built houses are an important, yet often overlooked, part of the American housing market. As an appraiser, your knowledge of factory-built housing is key to a credible appraisal.

Appraisal 75

Appraisal Sellers Contracts Insurance 75

The Robert Weiler Company

MARCH 29, 2023

Also, you can sometimes obtain maintenance services at a discounted rate when the work is contracted through the property management company. Reduce legal concerns. They can also take care of legal matters such as executing and terminating lease agreements, handling security deposits, collecting late rent payment fees, and evictions.

Property Management 78

Property Management Tenants Real Estate Investors 78

Appraisal Today

AUGUST 23, 2024

August 23, 2024 What’s in This Newsletter (in Order, Scroll Down) Construction Progress Reports: ADUs & Remodels What Is an Appraisal Review and Who Can Be a Reviewer? Excerpts: Topics: What is an appraisal review? Fact-checking vs appraisal review Types of appraisal review reports Why are appraisal reviews needed?

Appraisal 70

Appraisal Contracts Investors Mortgage 70

Listing Spark

AUGUST 22, 2024

Some FSBO sellers hire a professional appraiser or real estate consultant to help set a competitive price. Legal and Documentation Costs : Selling a home involves a lot of paperwork, and everything must be legally sound. This service can cost anywhere from $200 to $400. These services can cost between $300 and $500 each.

Real Estate Agent 36

Real Estate Agent Real Estate Renovations Agents 36

Hank Miller Team

OCTOBER 1, 2021

Key points about a backup offer: Negotiated the same way as any other offer There is a set expiration date, usually a couple of weeks Becomes primary with written notice from the seller to the buyer All time frames begin upon that notification All conditions in the contract apply. Remember - this is a legal, binding contract once accepted.

Sellers 52

Sellers Contracts Buyers New Listings 52

Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. For many years I appraised in the nearby city of Berkeley, CA. Worth reading. A good summary. Many people don’t like them.

Appraisal 83

Appraisal Contracts Training Architecture 83

Zillow

JULY 15, 2019

Appraisal management company (AMC) : An institution operated independently of a lender that, once notified by a lender, orders a home appraisal. Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur.

Real Estate Agent 56

Real Estate Agent Inspection Insurance Sellers 56

The Robert Weiler Company

OCTOBER 15, 2021

Commercial real estate appraisers will tell you that cap rates do not signify value. Another mistake – perhaps one of the more obvious (and, consequently, most detrimental) mistakes – is contracting the commercial property for sale in your personal name. retirement accounts) can be included as fair game in a lawsuit.

Investing 138

Investing Real Estate Tenants Investors 138

PennyMac

JUNE 28, 2022

For example, if you have an FHA loan, there is a standard limit that sellers can only contribute 6% based on the appraised value and the price of the property. This fee will cover the attorney preparing and reviewing agreements and contracts. State laws will usually dictate who is legally responsible for overseeing the closing.

Property Taxes 36

Property Taxes Insurance Sellers Inspection 36

Housing Wire

MARCH 28, 2024

In fact, if you were to describe the home-buying experience solely upon the things we see in advertisements, the home-buying process would end with the sales contract, and all parties would merrily proceed directly to the handing over of the keys. There’s an entire industry built upon the “what’s next” in question.

HOA 475

HOA Property Management Real Estate Agent Technology 475

Appraisal Buzz

JUNE 21, 2024

Meet the speakers Lisa Banal , Executive Director and Assistant General Counsel in JPMorgan Chase Bank, supports the default servicing legal team and is responsible for providing legal advice to the residential mortgage loan servicing business relating to Regulation X and loss mitigation.

Law 195

Law Property Management Legal Technology 195

Housing Wire

NOVEMBER 22, 2023

In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing over of the keys. There’s an entire industry built upon the “What’s next?” in question. But there’s also room for improvement.

HOA 441

HOA Real Estate Agent Technology Real Estate 441

Raleigh Realty

MARCH 29, 2021

Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance. Due diligence stretches from the time you sign a contract to closing. During due diligence, you'll need to hire someone to do a property inspection and appraisal. Also, ask about issues like lead paint.

Government 148

Government Real Estate Agent Insurance Property Taxes 148

PennyMac

AUGUST 14, 2024

Cons: Potential for Dual Mortgages: If your current home doesn’t sell quickly, you might end up juggling two mortgages, along with other costs like utilities, taxes, homeowners association (HOA) fees and insurance. You’ll also need to factor in ongoing costs like property taxes, homeowners insurance, applicable HOA fees and maintenance.

Real Estate Agent 36

Real Estate Agent HOA Finance Real Estate 36

Appraisal Today

AUGUST 12, 2022

Appraisers: How to spend less time on Email. Excerpts: Many appraisers report that they’d like to spend less time on email. This blog post is the best I have ever read, as it is specifically for practicing appraisers. Appraisal Business Tips . Humor for Appraisers. Mortgage rates and refis drive appraisal volume.

Appraisal 52

Appraisal Contracts Mortgage Business 52

McKissock

DECEMBER 24, 2021

Commercial appraisal review assignments flow from different types of clients, each with their own intended use, required scope of work, and set of concerns for the reviewer to be aware. The intended use and the intended user are equally as relevant in an appraisal review assignment as they are in any appraisal assignment.

Clients 73

Clients Appraisal Government Law 73

PennyMac

DECEMBER 22, 2020

The lender initiates legal proceedings against the borrower to foreclose on the property. Step 5: Get an Appraisal on Your Ideal Property. Either way, it’s a good idea to consider getting an appraisal so you know how the true value compares to the asking price. Foreclosure. Step 10: Closing.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Quicken Loans

APRIL 12, 2021

Foreclosure : the legal process in which a lender or mortgage investor takes back unpaid property. Or, if there is an escrow shortage due to a rise in property taxes or insurance premiums, the escrow payment will increase. You’ll want to get title insurance to protect you from liens put on the home before you purchase it.

Inspection 54

Inspection Property Taxes Mortgage Investors 54