Cornerstone

APRIL 30, 2021

Download the infographic here. Here’s a quick recap of why selling can be a smart move this spring: Springtime normally shows an influx of buyer activity. Increasing prices also indicate increasing home values, allowing a seller to tap into thousands of dollars in equity gains. Reading Time: 3 minutes.

Sellers 68

Sellers Buyers Inventory Loan Officers 68

Birmingham Appraisal

JANUARY 25, 2023

This might include age location, quality, style, number of bedrooms and bathrooms, or anything else that a typical buyer would pay more for. It’s important to segment the market like this or else you may have features that are contributing to value but that is not being accounted for.

Agents 85

Agents Appraisal Contracts Buyers 85

McKissock

JANUARY 14, 2022

The negative impacts on the marketability of residential properties caused by odors from pet dander, feces, and urine can be significant factors in the price a buyer is willing to pay. Free Download: Ready to launch your appraisal career? For example: I had an assignment to appraise a 3,500 sq.

Appraisal 77

Appraisal Tenants Inspection Market Value 77

McKissock

AUGUST 13, 2021

Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion. Maybe looking at the sales contract only after developing the appraiser’s opinion of value would help avoid the above concern? Questions we should ask ourselves.

Contracts 64

Contracts Appraisal Market Value Real Estate 64

Assurance Financial

APRIL 29, 2021

Earnest money is a portion of the sale price of the home that a buyer pays upfront, after the seller accepts their offer. The deposit shows that a buyer is serious and allows the seller to take the home off the market. If the buyer backs out of the sale, the seller gets to keep the earnest money. Fair Market Value.

Mortgage 69

Mortgage Insurance Inspection Sellers 69

McKissock

JANUARY 31, 2023

.” “The definition of market value.” ” “How value is derived.” ” “Why the price per square foot is not an indicator of value.” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical.

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

McKissock

JULY 11, 2022

.” Here are two quotes from that article that are still true today: “How credible do you think a current estimate of market value will be if it is based solely on three sales made to low down-payment buyers at the height of the recent feeding frenzy?” What should it be insured for?

Real Estate 72

Real Estate Appraisal Valuation Inspection 72

Assurance Financial

APRIL 29, 2021

Home equity is simply the difference between your home’s value and the amount you owe on the mortgage. If you own your home free and clear, your equity is the same as the property’s value. Suppose your home’s market value is $300,000. Downloadable Guides. Make Larger Mortgage Payments.

Mortgage 74

Mortgage Insurance Home Value Loan Officers 74

Assurance Financial

DECEMBER 20, 2021

To pay for the rest of the mortgage, the closing manager sets up an escrow account into which the buyer will deposit their payment. The home’s gains in market value. In a short sale, the buyer purchases the home for less than the seller’s debt against the property. Mortgage principal payments.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Assurance Financial

MAY 18, 2022

Several government loan programs exist to help buyers take one step closer to the American dream of homeownership. Availability to Buyers Who Might Have Difficulty Qualifying for Other Mortgages. These buyers might have tried to apply for conventional mortgages but were turned down. of the purchase price. Income Requirements.

Insurance 69

Insurance Government Mortgage Sellers 69

McKissock

OCTOBER 29, 2021

” “Look at [your supervisor’s] previous reports to study the appraisal line by line to understand the analysis of the report to arrive at a final market value.” ” “Listening to buyers is knowing the market.” ” Free Download: Ready to launch your appraisal career?

Appraisal 88

Appraisal Inspection Training Development 88

McKissock

SEPTEMBER 1, 2020

There are HP-12C keystrokes for life estates, but in this case, the assignment ended up being a request for market value for his CPA’s needs. Pandemic conditions, which bring about eviction bans, increased unemployment limiting the number of buyers in some markets, people moving out of specific areas, etc.

Appraisal 61

Appraisal Land Lease Valuation Real Estate 61

McKissock

FEBRUARY 21, 2021

Download here. Lastly, there is always the possibility that selling an inherited property for cash is likely to get you below the market value of the property. This means having to renovate the house so that it is in good condition, which is never cheap. What are your options after inheriting a home?

Real Estate Agent 56

Real Estate Agent Property Taxes Real Estate Legal 56

Assurance Financial

NOVEMBER 9, 2021

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Marketing Strategies. Buyer Expectations.

Marketing 36

Marketing Sellers Real Estate Buyers 36

Appraisal Today

APRIL 2, 2023

To download Uniform Residential Appraisal Report Sample (PDF) click here My comments: Finally Fannie sends us sample reports! Pandemic boomtowns and pricey coastal markets, including Phoenix and Seattle, have seen the biggest increases in concessions. Home sellers gave concessions to buyers in 45.5% Timeline 2023-2024.

Contracts 52

Contracts Appraisal HOA Architecture 52

Housing Wire

SEPTEMBER 19, 2024

The marketing pitch FSBO script If you’re a newer agent who doesn’t have experience as a listing agent, the best approach is to highlight your marketing skills. ” “Are you open to adjusting your price if a serious buyer comes along?” ” If they ask why you’re asking: “That’s a great question.

Agents 476

Agents Real Estate Agent Real Estate Sellers 476

Assurance Financial

APRIL 29, 2021

If the house doesn’t pass inspection or the sale doesn’t go through due to an allowable contingency, the buyer gets the EMD back. But if the buyer cancels the sale or backs out for another reason, the seller gets to keep the EMD. Downloadable Guides. Click here to download the file. FMV (Fair Market Value).

Mortgage 74

Mortgage HOA Insurance Real Estate Agent 74

Property Metrics

MARCH 13, 2025

Market Value vs. Investment Value Sometimes, the price youre willing to pay doesnt align with the broader market because of your specific goals or unique resources. Distinguishing between market value and investment value is key to smart deal-making.

Real Estate 36

Real Estate Investing Tenants Investors 36