This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. Your newsletter content should be a mix market updates, buyer and seller advice, community news and events, and storytelling.
Online real estate platforms, local newspapers, and real estate blogs are valuable sources of information. While the appraisal is not a guarantee of the final sale price, it can help you understand the fair market value of the home and can assist in making informed decisions during negotiations with the seller.
When I appraise a home, I measure it, if the scope of my work involves physically inspecting the home, which it normally does. You can also listen right here at Cleveland Appraisal Blog! An open letter to home sellers in a crazy market – Sacramento Appraisal Blog. – Birmingham Appraisal Blog.
Property Inspection: The appraiser conducts a thorough inspection of the property, focusing on both market value and FHA minimum property standards. The seller is typically responsible for these repairs, although this can be negotiated. The FHA Appraisal Process Loan Application: The borrower applies for an FHA loan.
They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Benefits of using today’s AI tools Create content When ChatGPT launched, real estate agents were immediately drawn to its ability to write listing descriptions and blog posts. So how can real estate agents be so cavalier about their job?
We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners. Many of us are in sellers’ markets with very low inventory. The goal in prospecting FSBO sellers is to be that agent. plus postage.
Sellers want to capitalize on how much they can sell their homes for. They take a lot of work after the inspection is completed. You can also listen right here at Cleveland Appraisal Blog! . That one super skinny house (eight feet wide) – Sacramento Appraisal Blog. – Birmingham Appraisal Blog.
During the home inspection, issues with the well and septic system were flagged, but the seller, an investor who had purchased the home in an estate sale, was unaware of the system’s location. The seller agreed to have the tanks pumped so.
SELLERS, HERE'S WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION Selling your home and moving into a new one can be an exciting life chapter. A common issue that sellers should be prepared for is a buyer requesting repairs after the home inspection. So, what do you, as a seller, do in this scenario?
In this blog post, we’re starting with the end. Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. We’ll briefly look at what a final inspection […]. Welcome to the very first post in our all-new series The Loan Officer’s Guide to Appraisals.
Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer. The type and range of information you have to provide in the seller’s property disclosure will, of course, depend on the legal regulations of the state where you have the property.
Especially if the repairs are on the interior since assessor’s usually do not make interior inspections. I explained why a full interior inspection is better. But they insisted on not having an interior inspection made. You can also listen right here at Cleveland Appraisal Blog! – Birmingham Appraisal Blog.
Lamacchia Realty's Best Blog Posts of 2022. That’s why Lamacchia Realty’s blog is a valuable resource for agents and clients alike. In 2022, these were the 10 most popular articles on our blog, covering a range of topics including market analysis, new developments, and homebuying tips. Seller Resources.
Unlike a home inspection, which assesses the physical condition of a property, an appraisal focuses solely on determining its fair market worth. For sellers, an appraisal helps establish a realistic asking price based on market conditions. On-Site Inspection: This is where the appraiser physically examines the property.
Whether youre representing a seller or assisting a buyer, the more accurate and complete the information you provide, the smoother the process will be. Tip for Agents: If a survey isnt readily available, check with the seller or their title company. Always confirm that the survey reflects the propertys current configuration.
Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?
WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION. It’s not a secret that it has been a seller’s market for the past few years. A common issue that many sellers are not prepared to deal with is a buyer requesting repairs after the inspection. Seller Resources. Why Do Buyers Request Repairs?
Homeowners, Don’t Make These Appraisal Mistakes When Selling Your Home As a real estate appraiser, I have seen many mistakes that sellers make during the appraisal process. In this blog post, I will discuss some of the most common mistakes sellers should avoid during a real estate appraisal.
Underpricing: If the home is larger than tax records suggest, the seller may leave money on the table by accepting a lower offer. Buyer and Seller Expectations Buyers expect the square footage in the listing to be accurate. appeared first on Birmingham Appraisal Blog. This is especially important when: Listing a home for sale.
When I made my inspection, I measured the property. Perhaps the sellers had a pool of buyers looking for homes to buy in this area. Whether or not the seller makes a lot of money on the deal is none of my concern. You can also listen right here at Cleveland Appraisal Blog! I searched for some comparable sales.
USING SELLER CREDITS TO CLOSE ON YOUR HOME. If you’re unfamiliar with seller credits, seller credits are when the seller offers the buyer money at closing to sweeten the deal. Buyers love seller credits because they go towards their closing costs, resulting in less money the buyer has to spend.
In this blog post, well go over the pros and cons of selling as-is in Texas. Selling a house as-is in Texas means the buyer agrees to buy the home in its current condition, and the seller opts to sell as is without making any repairs. The idea of an as-is sale can appeal to sellers for a lot of reasons.
A home inspection is like a test drive for real estate. Just as you wouldn’t buy a car without knowing its condition, a home inspection ensures buyers are aware of the condition of the home they are considering purchasing. Despite this advice, a significant group of buyers forgo the inspection. It’s a smart thing to do.
One of the most common questions we get from our home sellers at ListingSpark is “How do I determine what my closing costs are”? For this article, we are going to focus on the home seller closing costs we would typically see in Texas with a residential sale (commercial sales typically have a different set of fees).
Handling property condition concerns on the appraisal report That said, if photos or notes outlined in the appraisal report cause concern for the reviewer, further inspection or repairs may be required. Property conditions that impact subject livability, soundness, and/or structural integrity may cause such further inspection/repairs.
You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection. As a new homeowner, you might be confused about the differences between an appraisal and a home inspection. Other users might be sellers, mortgage underwriting, banks, and contractors.
It’s been several weeks now since I’ve blogged and to be honest I’ve missed it. Blogging provides me a creative outlet to help educate the public on the appraisal process. If you had told me in 2010 that I would still be writing my appraisal blog 14 years later I would have said you were crazy, but here I am.
One of the most valuable components to a buyer’s offer is the home inspection contingency, an opportunity to check the condition of the property before agreeing to close the deal. That’s okay during a private visit – preferably with full knowledge of the seller and listing agent – but highly frowned upon during an open house.
Thus property sellers… Contingencies are commonplace in real estate transactions, but they could derail a sale. These conditions in the contract specify when a buyer can back out without penalty.
Sellers often get bonus points with potential buyers if they mention a recent roof inspection since it helps buyers trust they’re investing in the right home. Making little changes like landscaping differently or getting your roof inspected could be all you need to sign your house over to its new owner. Porches Inspire Stories.
A home inspection is almost always the best route to take before purchasing a property. In a competitive market, however, buyers recognize that submitting an offer with a request to conduct a traditional inspection can hurt their chances of winning a bidding war. This is the best option when a traditional inspection is not viable.
In real estate, buyers and sellers must be knowledgeable to make informed decisions. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer.
AT A FLORIDA HOME INSPECTION. During the buying and selling process, a home has to undergo a home inspection. Home inspections are used to identify any issues in the home so that the buyer knows exactly what they’re getting into and the seller isn’t selling a home that’s unsafe. Who Pays for it?
The Seller’s Disclosure is required by law, but ultimately not very useful Do your own due diligence on a property, including a third party inspection ! The seller is responsible to keep the seller’s disclosure updated. Texas Seller’s Disclosure Law. Lead-Based Paint. In the Contract.
Beyond what you see during the appraisal inspection do you understand the appraisal process or anything about what appraisers do? An appraiser might uncover that a home sold for less due to deferred maintenance or for more because of seller concessions. Verification is important because not all sales are straightforward.
Read on blog www.appraisaltoday.com/blog Posted by noon Friday. You can subscribe to the blog in the upper right of each blog page. NOTE: the popular ads with liability tips are below the first topic on my blog posts. The newsletters have abbreviated titles, taken from their blog posts.
Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. The first thing you should do: call your agent, tell them the appraisal price is the highest you're willing to pay, and have them tell the seller so. What is a Home Appraisal?
The appraisal process includes an inspection of the property and research of comparable properties in the local area by a qualified professional. For more information on what a home appraisal inspection consists of and how value is determined, see our previous blog post – ‘Home Appraisals – What They Look For.’
EVERYTHING YOU NEED TO KNOW ABOUT CLOSING COST CREDITS Buyers , sellers , and sometimes even real estate agents get confused with how closing cost credits work. Closing cost credits doesn’t hurt the seller in any way. In fact, they help sellers because many buyers cannot buy without them. That is no longer allowed.
You may already be aware of iBuyers and what they have to offer prospective home buyers and sellers. But for those who want to understand what all the hoopla is about and what it entails for buyers, sellers and agents alike, here’s what you should know. Offerpad will even pay for professional movers when sellers relocate locally.
Will the closing date work for the buyer and seller? Is the buyer skipping an inspection to have a more appealing offer? Buyers should consider these questions: Does the buyer need help with closing costs? Does the buyer need to sell a house to purchase? Does the buyer want early occupancy? Can or will the buyer escalate the price?
The agent’s client (buyer or seller) can make an informed buying or selling decision and the appraiser’s client (bank) can make an informed lending decision. Creating Accurate Initial Expectations: Agents and appraisers collaborating early in the process help set accurate expectations for buyers and sellers.
In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for real estate agents to navigate the appraisal process effectively. Importance of Accurate Pricing Accurate pricing is vital for both sellers and buyers. Here are some valuable insights and tips: 1.
Seller concessions are a great negotiating point on both the buying and selling side of any home sale. They are exciting for buyers as they mean lower costs, while also helping out sellers who want to close quickly. But, what exactly are seller concessions and how can you make the most of them? What Are Seller Concessions?
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content