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Time waits for no buyer in the suburbs. With record-low interest rates, paltry inventory and a surge in buyers, agents are advising clients to be extraordinarily aggressive to win. “The property comes on within 24 hours, and if it meets your buyers criteria you want to get them out to see it.” Cordano said.
“This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. Next, he has his buyers write a letter to the seller, a practice that has come under scrutiny lately for creating potential biases.
“While 2022 is expected to continue to be a good year for the housing market, it will not be as exceptional as 2021,” predicts Jo Traut, appraisal curriculum and content specialist at McKissock Learning. Mortgage rates are expected to rise, but still remain attractive and reasonable.
One example is that mortgageappraisal work allows an appraiser to say: “I’m appraising it as repaired,” which is acceptable in some mortgage assignments. It is just logical and professional to know the needs of a job that you’re working on. You need to educate yourself.
Newz: Protect Against Being Sued, DOJ Sues Rocket Mortgage, Solidifi AMC and Appraiser, Scary Places October 25, 2024 What’s in This Newsletter (In Order, Scroll Down) Dealing with Unhappy Buyers as an Appraiser (LIA ad) Protect Against Any Grounds for Suing an Appraiser with Defensible Reports A Billionaire Built a Cliffside Version of Versailles.
CDEI, MNAA Excerpts: Typically, this time starts when the comparable goes under contract, then ends on the effective date of the appraisal. . Properties on this list are ineligible for conventional loans backed by Fannie Mae, which significantly reduces financing options for buyers and owners looking to refinance.
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