Sacramento Appraisal Blog

APRIL 3, 2025

The gap between buyers and sellers has been growing, but are we about to have an Indiana Jones moment in the housing market? I think many people are wondering that, so let’s talk about it.

Sellers 268

Sellers Buyers Housing Market Appraisal 268

Appraisal Buzz

FEBRUARY 18, 2025

Ranking second easiest for sellers is Allentown, Pennsylvania, with 57.4% In cities like Rochester and Allentown, the combination of lower home values and high buyer demand creates a favorable sellers market, added the Calgaryhomes.ca The post Home Seller Hot Spots first appeared on The MortgagePoint. of houses sold.

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Sellers Home Value Buyers Real Estate 292

Appraisal Buzz

DECEMBER 9, 2024

To effectively support market condition adjustments in line with recent Fannie Mae guidelines, appraisers can use a variety of market analysis techniques. 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.

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Appraisal Marketing Valuation Tools 358

Appraisal Buzz

MARCH 24, 2025

A major economic downturn (29%) is the most reported reason sellers would delay their plans, while a property tax increase (43%) would be the biggest motivator to expedite selling. !function(e,n,i,s){var For those in slower markets, patience may be required, while in fast-moving areas, sellers could still find strong demand.

Sellers 249

Sellers Property Taxes Marketing Inventory 249

Appraisal Buzz

NOVEMBER 13, 2024

More than half of home buyers (52%) negotiated with the seller, with 94% of those who did achieving success. About 34% of buyers paid below the asking price in 2024—up from 27% in 2022, when the market was more favorable to sellers. The post Costs Mounting for Homebuyers appeared first on Appraisal Buzz.

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Real Estate Sellers Buyers Renovations 419

Appraisal Buzz

JUNE 10, 2024

There seems to be continued debate among appraisers, reviewers, and underwriters regarding seller concessions. A particular point of contention in this debate is whether or not it is appropriate to adjust seller concessions on a dollar-for-dollar basis. The “great concern” they cite is appraisals where 4.4

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Sellers Real Estate Appraisal Finance 420

Sacramento Appraisal Blog

JUNE 12, 2024

Dear Sellers, if you’re overpriced, I have some thoughts for you today. I hope this […] The post An open letter to overpriced sellers first appeared on Sacramento Appraisal Blog. I hope this […] The post An open letter to overpriced sellers first appeared on Sacramento Appraisal Blog.

Sellers 430

Sellers Appraisal Housing Market Marketing 430

Sacramento Appraisal Blog

JANUARY 30, 2024

That pretty much describes sellers. But in 2024 there’s a flicker of hope as sellers have thawed out just a bit. UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright […] The post Are sellers finally starting to thaw out? first appeared on Sacramento Appraisal Blog. Any thoughts?

Sellers 457

Sellers Appraisal Marketing New Listings 457

Appraisal Buzz

JANUARY 27, 2025

Profit margins for home sellers decreased in 2024 compared with 2023, despite rising home prices, a report from ATTOM shows. Home sellers made a $122,500 profit on typical sales nationwide last year, generating a 53.8% Either will have a significant effect on seller returns. return on investment. Thats down from 56.9%

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Sellers Housing Market Investing Appraisal 195

Sacramento Appraisal Blog

MAY 16, 2022

Dear Sellers, How are things? I hope all is well. It’s been such a crazy market, but things are starting to change. So, let’s chat. This is coming from a good place, and it’s based on observations and what I’m hearing from real estate professionals. WEBINAR ON THURSDAY: On May 19th at 10am I’ll be […].

Sellers 530

Sellers Housing Market Marketing Real Estate 530

Appraisal Buzz

OCTOBER 29, 2024

The company continues to work with the industry to improve efficiency, reduce costs, and offer more opportunities to get qualified borrowers into homes they can afford with improvements to its automated underwriting system, appraisal waiver expansions, and advancements in the down payment assistance space. Borrowers have now saved over $1.63

Buyers 396

Buyers Appraisal Loan Officers Sellers 396

Housing Wire

JULY 17, 2024

A newly released episode of the Real Estate Insiders Unfiltered Podcast explores the future state of buyer and seller relationships in the housing market after the National Association of Realtors ‘ (NAR) business practice changes take effect Aug. Zorn explained how he would approach a seller in the new market.

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Real Estate Sellers Buyers Legal Fees 459

Sacramento Appraisal Blog

JULY 18, 2022

And sellers are losing it. Buyers are gaining power. I have some new visuals to show what the market is doing right now. These are for Sacramento, but I suspect many areas look similar. UPCOMING (PUBLIC) SPEAKING GIGS: 7/20/2022 Beer & Stats at Out of Bounds (sign up (for real estate agents)) 7/26/2022 Navigating […].

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Sellers Buyers Real Estate Agent Real Estate 493

Housing Wire

JUNE 25, 2024

Home appraisals are critical to the home buying and selling process. But that’s not all a home appraisal can do. Let’s take a closer look at appraisals, what they mean for a sale, and how to leverage the results to get your clients the best price possible. What is the purpose of a home appraisal?

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Appraisal Sellers Real Estate Agent Appraisal Process 397

Appraisal Buzz

SEPTEMBER 9, 2024

The analysis centers on in-depth interviews conducted nationwide with numerous Redfin agents regarding the reactions of sellers and buyers to the changes. Agent consensus: Demand for the listing determines how much a buyer or seller can negotiate, much like in typical real estate transactions. to the buyer’s agent.”

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Sellers Buyers Agents Advertising 398

Housing Wire

MARCH 31, 2025

Now, a new website , called Washington Homeowner Rights, is soliciting NWMLS home sellers in Washington state for a potential class action lawsuit. Specifically, they are reaching out to home sellers who experienced a price drop or significant days on market. Northwest MLS has declined to adopt those misguided, exclusionary rules.

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Clients Brokerage Real Estate Sellers 312

Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. Buyers and Sellers Butt Heads as Inventory Jumps Sellers’ new listings increased by 8% from April to May, and are now 13% higher than last year’s record low. So, what does this means for buyers and sellers?

Sellers 398

Sellers Buyers New Listings Home Value 398

Appraisal Buzz

OCTOBER 31, 2024

A History of Policy Change In mid-March of this year, NAR announced an agreement to resolve litigation over broker commission claims asserted on behalf of home sellers. Traditionally, sellers paid the buyer’s agent commission as well as their own agent’s commission. Now we’re negotiating commission more frequently.”

Real Estate Agent 387

Real Estate Agent Real Estate Agents Sellers 387

Appraisal Buzz

APRIL 1, 2025

According to the National Association of Realtors 2025 Home Buyers and Sellers Generational Trends report, baby boomers now comprise the largest generational group of home buyers in a shift that underscores the changing dynamics of todays housing market. Across all generations, sellers remained in their homes for a median period of 10 years.

Real Estate Agent 360

Real Estate Agent Sellers Buyers Agents 360

Appraisal Buzz

JUNE 14, 2024

Sales are sluggish because high homebuying costs are making both house hunters and prospective sellers skittish. Even though homes are selling for higher prices than ever before, many sellers are still having to drop their list prices after putting their properties on the market—one positive sign for potential homebuyers. Ongoing U.S.

Sellers 436

Sellers Buyers New Listings Mortgage 436

Appraisal Buzz

APRIL 3, 2025

The spring housing season is beginning with more sellers and a growing number of homes for sale, said Danielle Hale, Chief Economist at Realtor.com. Data also suggest that pricing competitively is key for sellers in todays environment. Were seeing a market thats rebalancing, offering more choices for shoppers. But as 17.4%

Inventory 335

Inventory Buyers Contracts Sellers 335

Appraisal Buzz

MARCH 14, 2025

In addition to buyers and sellers, this disruption might have repercussions for the economy, associated sectors, and the larger real estate market. From the sellers point of view, this leads to more market uncertainty and lengthier listing periods. To read the full report, click here.

Insurance 390

Insurance Renovations Sellers Design 390

Appraisal Buzz

MARCH 3, 2025

in February of previous year, indicating that sellers are becoming more accustomed to the present market conditions. over the previous year, making 2019 February the most active month for sellers since 2021. Sellers also listed their homes at higher rates than the previous year, with the number of newly listed homes rising 4.2%

Sellers 368

Sellers Marketing New Listings Inventory 368

Housing Wire

OCTOBER 16, 2024

Reggora CEO Brian Zitin said his company is looking to help mortgage lenders by removing the need to manually underwrite most appraisals. Appraisal management software company Reggora is adding a repurchase and loan-level price adjustment (LLPA) warranty to its appraisal review solution. decline from Q1 2024.

Appraisal 435

Appraisal Mortgage Valuation Technology 435

Appraisal Buzz

NOVEMBER 22, 2024

Some 34% of specialists say they foresee a shift by sellers away from aspirational pricing strategies. This Trend Report, she added, “underlines the importance of effective pricing and marketing strategies amidst challenging conditions while creating favorite opportunities for both luxury buyers and sellers now and in the months ahead.”

Buyers 418

Buyers Luxury Properties Marketing Inventory 418

Appraisal Buzz

JANUARY 27, 2025

The bid-ask gap between what buyers were willing to pay and what sellers were willing to accept narrowed as a result of buyers increased price demand in the final two months of Q4. Even while sellers kept their prices the same for the quarter, that bid-ask spread shrank.

Sellers 417

Sellers Buyers Marketing Real Estate 417

Housing Wire

FEBRUARY 4, 2025

Within the platform’s dashboard, clients can view documents like offers, appraisals, listing contracts, open houses and more. Sellers have access to all offers. Opponents of CCP say it limits seller choice, the choice being whether to list their home on the MLS.

Clients 413

Clients Brokerage Advertising Sellers 413

Housing Wire

OCTOBER 28, 2024

The Federal Housing Finance Agency has expanded the eligibility for alternative appraisal methods on purchase loans by increasing the maximum loan-to-value (LTV) requirement. billion in appraisal fees by using proprietary models, historical data, and public records. billion since early 2020.

Appraisal 459

Appraisal Valuation Inspection Sellers 459

Housing Wire

NOVEMBER 15, 2023

Michigan-based United Wholesale Mortgage (UWM) wants to court more brokers by offering no-cost appraisals on 1-0 temporary rate buydowns amid fierce competition in the industry. The escrow account is funded by either the seller, builder or lender via a lump-sum payment at closing.

Appraisal 459

Appraisal Real Estate Agent Sellers Government 459

Housing Wire

MARCH 24, 2023

When you google “ appraisal gap” — and I just did — a long list of search results appear. What I did see were links to lender websites almost apologetically explaining what an appraisal gap is to their customers and willing them not to panic if it happens to them. Well, a cure for appraisal gap anxiety has appeared on the scene.

Appraisal 476

Appraisal Contracts Valuation Tools 476

Appraisal Buzz

MAY 20, 2024

As an appraiser, you’re already familiar with buzzwords like seller’s and buyer’s markets. A seller’s market indicates demand is high and inventory is low, while a buyer’s market means inventory is high and demand is low. Navigate a seller’s market by considering the following.

Appraisal 370

Appraisal Marketing Valuation Sellers 370

Appraisal Buzz

NOVEMBER 6, 2024

The most common way buyers have secured below-market rates is through special financing offers from sellers or home builders. Because the seller or home builder provided them with special financing, over one-third (35%) of these recent buyers were able to receive a reduced rate.

Buyers 370

Buyers Marketing Sellers Loan Officers 370

Sacramento Appraisal Blog

JANUARY 14, 2025

Seeing more buyers and sellers able to participate is absolutely what we want to see. UPCOMING SPEAKING GIGS: 1/15/25 Mike & Joel free Zoom event (REGISTER FOR WEDNESDAY) 1/16/25 Sac Real Producers […] The post The 2024 housing market was better than 2023 first appeared on Sacramento Appraisal Blog. Let’ get into it.

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Housing Market Marketing Sellers Appraisal 348

Appraisal Buzz

SEPTEMBER 5, 2024

Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% In April we noted that rising for-sale inventory was likely to lead to more balance between buyers and sellers. Similar to buyers, sellers reduced their offering in August as newly listed properties dropped 0.9%

Sellers 398

Sellers Housing Market Buyers Marketing 398

Appraisal Buzz

FEBRUARY 3, 2025

In 1986, five years after the launch of the first space shuttle, Fannie Mae and Freddie Mac introduced the Uniform Residential Appraisal Report (URAR) form. Residential appraisers still use this form, albeit with some minor modifications, to this day. These alterations align more closely with appraisal methodology.

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Valuation Appraisal Real Estate Architecture 389

Appraisal Buzz

JUNE 17, 2024

As the dust begins to settle on this $418 million agreement, it is crucial for appraisers to recognize the vast opportunities now available to them. Understanding the Settlement The lawsuit that prompted this settlement was initiated by seller who felt they were unfairly treated in the real estate commission process.

Appraisal 370

Appraisal Real Estate Agent Valuation Real Estate 370

Appraisal Buzz

NOVEMBER 4, 2024

The highest documented average age of home sellers was 63 years old. The desire to relocate closer to friends and family was the most common reason given by sellers for selling their house (23%), followed by the home being too small (12%), the home being too large (11%), and the community losing its appeal (10%).

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Real Estate Agent Buyers Sellers Real Estate 370