Remove Buyers Remove Inspection Remove Property Appraisal
article thumbnail

Working with buyers in the nation’s hottest housing market

Housing Wire

“If a seller has those multiple offers, they are looking first at cash offers and may even consider a lower cash offer because they don’t have to worry about the property appraising for that price,” Garrett said. “If Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap.

article thumbnail

How to negotiate your home purchase offer

Housing Wire

According to Matt Sharp, Area Lending Manager at Citi, “It’s really important when you are in the buying process that lenders have a communication with not only the buyer but also with their realtor,” Sharp said. This is a bit of a gamble since the buyer won’t know for sure if they have to use the money until after the appraisal.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Agents scramble to meet demand…in Rochester?

Housing Wire

Cignarale noted signs of cooling off, including some properties appraising for lower than expected and once desperate buyers no longer waiving home inspections. Agents claim that buyers are leaving pricey, big cities for Rochester including “boomerang buyers” who grew up in Rochester but moved away. “We

Agents 448
article thumbnail

Appraisal Inspection Vs. Home Inspection: Your Role as an Appraiser

McKissock

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., FHA appraisal assignments ) because they don’t want to be considered a “home inspector.” You were hired to complete an appraisal. Can an appraisal inspection substitute a home inspection?

article thumbnail

Home Inspections vs Home Appraisals

D Fritz Appraisals

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. What Is a Home Appraisal? What Is a Home Inspection?

article thumbnail

How to prepare a comparative market analysis (CMA) report

Housing Wire

A CMA report includes information on similar, comparable properties in the area, including recent sales, active listings and current market trends. Like you, as a real estate agent, I have prepared many reports analyzing pricing trends to help provide guidance to buyers, sellers and investors alike.

Marketing 435
article thumbnail

How to Become a Property Appraiser

McKissock

Keep reading for insights on the appraisal profession, how to become a property appraiser, and, finally, how to maintain your license and grow your career. What’s it like to be an appraiser? Every piece of real property, from a two-bedroom condo to a 500-acre farm, has a value. Call 800.328.2008.