Birmingham Appraisal

FEBRUARY 11, 2025

Square Footage: Why Accuracy Matters Square footage is one of the most critical factors in determining a homes value, yet it is often misunderstood. When an appraiser measures a home, their calculation often differs from whats in tax records.

Appraisal 67

Appraisal Real Estate Agent Real Estate Agents 67

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added. billion [due to increased home values]. “…The

Renovations 388

Renovations Investing Real Estate Marketing 388

Housing Wire

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . by the end of 2023,” the MBA’s December market-forecast report states.

Marketing 448

Marketing Investing Investors Landlords 448

Raleigh Realty

FEBRUARY 19, 2022

During the home buying process, the appraiser's sole responsibility is to ensure the bank, and thereby you, are paying the cost of what the home is worth. The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract. Not a cent more.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

Eppraisal

MAY 6, 2022

Nowadays, new construction homes are being built year-round. Even in the coldest of winters and in snowy or wet conditions, contractors are at home sites building away. As Spring is in full swing around the country, new construction landscaping has begun for those who've moved into homes during the winter months.

Construction 36

Construction Contracts Home Value Buyers 36

Cleveland Appraisal Blog

JUNE 2, 2022

USPAP and the Contract – Tim Andersen, The Appraiser’s Advocate Podcast. Be Efficient and Raise Your Property Value – Home Value Stories with Jamie Owen (My Interview With Tina Larsson). Tips For Appraising New Construction Homes – APPRAISAL TODAY.

Appraisal 195

Appraisal Local Properties Home Value Contracts 195

Appraisal Today

APRIL 26, 2024

I have also done many relocation appraisals, done before the home is listed. What should appraisers look for in a sales contract? The underwriter revealed that the tool uses a ‘Census Block Grid’ adjustment (CBG) to evaluate comparable property values. You are “graded” on how close you come to the sales price. percent from 7.13

Appraisal 77

Appraisal Real Estate Real Estate Agent Contracts 77

Empire Appraisal Group

SEPTEMBER 16, 2021

Sales of existing homes rose 1.5% And the number of contracts signed to buy homes, a leading indicator of final sales, has fallen for two straight months. The COVID-19 pandemic has driven many Americans to seek homes in suburban areas that provide more space and are not as congested as apartments in big cities.

Contracts 78

Contracts Construction Realtors Investors 78

Appraisal Partners Blog

FEBRUARY 9, 2025

Evaluate the quality of construction and materials. Assess the lot size, landscaping, and any external factors that might affect value (e.g., Factors That Influence Home Value Location: “Location, location, location” is a real estate mantra for a reason. Note the size, number of rooms, and features (e.g.,

Appraisal 78

Appraisal Property Taxes Inspection Sellers 78

Appraisal Today

AUGUST 23, 2024

August 23, 2024 What’s in This Newsletter (in Order, Scroll Down) Construction Progress Reports: ADUs & Remodels What Is an Appraisal Review and Who Can Be a Reviewer? It was officially opened in 1895, six years after construction started. To read more, Click Here My comments: What’s the biggest home in your state?

Appraisal 68

Appraisal Contracts Investors Property Appraisal 68

Eppraisal

NOVEMBER 30, 2021

Housing starts increased right along with home values in 2021. Many national builder developments across the country are selling homes faster than they have in some time. They will ask for a deposit to hold the lot for a few days until an appointment is made to sit down together and write the formal sales contract.

Contracts 36

Contracts Home Value Design Development 36

Birmingham Appraisal

MARCH 21, 2023

If there is an oversupply of properties in an area, it can lead to lower property values. On the other hand, if there is a shortage of properties in an area, it can lead to higher property values. Impact on Interest Rates Interest rates can also impact property values.

Real Estate 91

Real Estate Appraisal Marketing Market Value 91

Eppraisal

MARCH 28, 2023

For those blessed with the capacity to purchase a home, a number of choices abound: geography, number of bedrooms, attached/detached garage, finished vs. unfinished basement etc. That question centers around whether they prefer new construction to a pre-existing house that has had previous occupants. Drawbacks exist alongside benefits.

Construction 36

Construction Inspection Property Taxes Home Value 36

Appraisal Today

MARCH 22, 2024

It can impact home values, insurance costs, and the overall stability of a housing market.” “The To find out what it says about a home’s risk (free), Click Here My comments: Is there any effect on home values? This definitely increased the development costs in the new construction, resulting in higher home prices.

Appraisal 66

Appraisal Contracts Business Insurance 66

Listing Spark

SEPTEMBER 25, 2023

Many have been caught off guard by the spike in rates and are cautiously waiting and hoping for home values to become more affordable. Markets like Austin, which experienced the most substantial surge in values between 2020 and 2021, have seen the most significant increases in months’ supply of inventory and days on market.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Appraisal Today

JULY 26, 2024

Other recent appraisals of the same property had steadily increased in value, yet this appraisal resulted in a dramatic drop, despite the Denver market experiencing substantial growth in home values at that time. The Army Corps of Engineers has green-lit the construction of a dock on the property. percent from 6.87

Appraisal 83

Appraisal Valuation Reconsideration of Value Contracts 83

The Robert Weiler Company

SEPTEMBER 7, 2022

A large contributing factor to the rise in home prices is the low amount of inventory available. Consider this: Central Ohio homes under contract in June 2021 proved to be the best for the month and a record high for any month, ever! A whopping 3,644 homes closed during that busy summer month, 15.6

Marketing 78

Marketing Real Estate Investing Retail 78

Eppraisal

OCTOBER 28, 2022

These are not the kind of home warranties that new construction builders provide. New construction builders provide warranties on the construction of a new home. "Home "Home Warranties" are essentially an insurance policy for any homeowner to purchase.

Construction 36

Construction Home Value Real Estate Agent Buyers 36

Lamacchia Realty

JANUARY 29, 2025

This report breaks down sales, average prices, the number of active listings, and how many listings went under contract for 2024 compared to 2023 and discusses what is predicted to unfold in 2024. 2024 Real Estate Performance Highlights The number of homes sold decreased by 7.6%

Inventory 60

Inventory Insurance Real Estate Buyers 60

Quicken Loans

APRIL 7, 2021

Today, we would like to spotlight another factor causing issues in the housing market and possibly even delaying construction of homes in some areas. There’s a real shortage of the necessary materials for constructing and renovating homes at this point. New Residential Construction. Pending Home Sales Index.

Real Estate 43

Real Estate Marketing Real Estate Agent Construction 43

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. Did anyone think in early 2020 that home values all over the country would go off the charts? USPAP and the Contract. No one did. 8-minute podcast.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Raleigh Realty

MAY 3, 2021

In those instances, buying a home could be the right choice. Oftentimes you may even find that new construction homes are the way to go as the barrier to entry can oftentimes be easier than purchasing a resale. The Financial Benefits of Homeownership As a young homeowner, you stand to gain a lot from owning a home.

Real Estate Agent 78

Real Estate Agent Real Estate Inspection Insurance 78

Appraisal Today

FEBRUARY 23, 2024

A local lender gave me an appraisal assignment on the proposed construction of 7 units in the city. Even tract homes are still interesting to me. Potential homebuyers are quite sensitive to these rate changes, as affordability is strained with both higher rates and higher home values in this supply-constrained market.”

Appraisal 68

Appraisal Real Estate Contracts Reconsideration of Value 68

Appraisal Today

JUNE 10, 2022

Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. “Americans have seen home values rise at record rates over the past few years. from 0.51 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. percent from 5.33 percent from 4.93

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

DECEMBER 9, 2022

The frame is built with 60 tons of steel and construction took over 6 years utilizing artisans from all over the world. How Grocery Store Locations Impact Home Values. The average value for homes near a Whole Foods is $891,416, and $321,116 for homes near an ALDI. Excerpts: Built 1990 | 6,106 Sq. 5 Beds | 5.5+

Appraisal 52

Appraisal Contracts Business Mortgage 52

Raleigh Realty

MARCH 29, 2021

Build Equity Every time you make a mortgage payment, you build equity in your home. Think of equity as the amount of money your home is worth after what you owe is deducted. When your home value goes up and you start paying off the loan's principal balance, that builds equity.

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Appraisal Today

APRIL 14, 2023

These types of clauses are now incredibly common amongst the construction trades, real estate professionals, wedding services, financial services, and more. But what we do know is this gives even more power to Fannie, which will largely dictate home values across America once this program is fully implemented. percent from 6.40

Appraisal 52

Appraisal Bracketing Valuation Contracts 52

Appraisal Today

NOVEMBER 4, 2022

Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. Regression results suggested that every foot of elevation can increase home value by 1.6% value to property. from0.88 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. It was an inevitable end to arguably the greatest run-up in home values in history. Some markets were affected more than others.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Appraisal Today

DECEMBER 23, 2022

Home type: Single family. Home value (with no comps, not even close to 30!). Added Fratantoni: “The latest data on the housing market show that homebuilders are pulling back the pace of new construction in response to low levels of traffic, and we expect this weakness in demand will persist in 2023, as the U.S.

Appraisal 52

Appraisal Contracts Mortgage Modernization 52

Houston Properties

JANUARY 12, 2022

Read More To Learn How To Avoid Buying Homes With Flooding History. Case Study #2: Buying “Pretty” New Construction, Overlooking Limited Land & Freeway Proximity. Homes on a major thoroughfare tend to sell at larger discounts. Homes built with a bad or awkward floor plan tend to sell slower or at larger discounts.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

JANUARY 9, 2024

1, that requires buyers wishing to work with a licensed real estate broker to sign a services contract. The pact clarifies certain terms, including whether they will have an exclusive contract with the broker or non-exclusive, and how brokers will be compensated for their services. (I Olympia also established a law, effective Jan.

Mortgage 36

Mortgage Real Estate Lending Law 36

Will Springer Realtor

APRIL 10, 2024

Climate-resilient housing, which is designed and constructed to withstand and adapt to the impacts of climate change, is increasingly recognized as a critical priority for our region. Insurance companies may argue, however, that the costs are simply increasing along with home values. The average mortgage holder paid $4.90

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Assurance Financial

NOVEMBER 9, 2021

Increased construction: Large influxes in new housing construction often result in buyer’s markets — just because homes are being built doesn’t mean there will be buyers interested in them. Real estate overdevelopment in an area often leads to an excess housing supply. Tips for Buying in a Seller’s Market.

Marketing 36

Marketing Sellers Real Estate Buyers 36

Cleveland Appraisal Blog

MAY 13, 2021

And right now, many buyers are forced to bring cash to the table to make up the difference between what the home’s market value is determined to be, and the contract price. It may still be worth it to the buyer to move forward, despite paying more than market value. . So, it is a fantastic time to sell a home.

Market Value 298

Market Value Appraisal Contracts Buyers 298

Will Springer Realtor

OCTOBER 8, 2021

They wonder if they missed their opportunity to buy before interest rates rise along with home values. Construction could start as soon as 2022 on an ambitious three-tower project known as Cloudvue. Eighty-four percent of buyers said energy efficiency of a future home is important to them.

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

AUGUST 9, 2022

SmartAsset used three metrics – home value growth, income growth and housing demand – to reach its findings. >> Returning to work will come with a price. The number of new homes for sale fell 19% (4009) across the county from June to July and 9.5% Looking for a sweet deal on a new-construction condo? year-on-year (YoY).

Inventory 36

Inventory Buyers New Listings Construction 36