Housing Wire

FEBRUARY 22, 2024

Balancing supply and demand is a delicate dance between new construction and existing properties. Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. Notably, property risk calls for thorough inspection, preservation, and maintenance to limit liability.

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Business Marketing Real Estate Legal 434

D Fritz Appraisals

AUGUST 12, 2019

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 Inspection? What Is a Home Appraisal?

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Inspection Appraisal Property Appraisal Real Estate 98

Housing Wire

OCTOBER 10, 2023

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. Sellers would be able to carefully review comparable properties on the market as well as those that have successfully closed.

Marketing 435

Marketing Real Estate Agent Clients Tools 435

Appraisal Partners Blog

JANUARY 20, 2025

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.

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Appraisal Inspection Valuation Appraisal Process 78

Riverfront Appraisals

JANUARY 18, 2021

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 […]. The post The Loan Officer’s Guide to Appraisals, Part 1: The Final Inspection appeared first on Riverfront Appraisals.

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Final Inspection Inspection Appraisal Loan Officers 92

Realtor

AUGUST 7, 2019

The collateral for the loan is the home, so lenders require an independent appraiser to inspect it and advise on its value,” explains Michael Drake , president of PMG Home Loans. And they may not accept an appraisal that the seller did at the time of listing.”. The post Should Home Sellers Get an Appraisal Before Listing?

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Sellers Appraisal Market Value Real Estate Agent 111

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Geoff Hinton, a professor at the University of Toronto, and two students, constructed a viable neural network. After the agent explains how a chatbot works and the benefits it offers, the agent can let the sellers experience it themselves.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

Raleigh Realty

AUGUST 17, 2021

Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is going to be regarding Due Diligence, Due DIligence fees, and Earnest Money in North Carolina Real Estate. Due Diligence: What Is it?

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Real Estate Real Estate Agent Contracts Inspection 148

Birmingham Appraisal

FEBRUARY 11, 2025

Assessors determine square footage based on: Builder-reported figures: When a home is constructed, builders may report square footage for tax purposes, but these figures can change if plans are modified. Underpricing: If the home is larger than tax records suggest, the seller may leave money on the table by accepting a lower offer.

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Appraisal Real Estate Agent Real Estate Agents 67

Appraisal Buzz

JUNE 3, 2024

This is a reality that many sellers are unwilling to accept unless they are forced to. Many current sellers have begun a renovation but have run out of money prematurely as inflation has caused cost overruns and capital is less available to fund shortfalls. These sponsors may skip steps and cover up shoddy work.

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Investors Marketing Renovations Real Estate 195

Housing Wire

APRIL 27, 2023

In California, as of December 31, 2019, defendant [Invitation Homes] owned 12,461 single-family homes in over 100 cities. “… By its failure to pay or remit inspection, permit fees, penalties and interest, Invitation Homes has defrauded cities and counties in California millions of dollars.”

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Renovations Investing Real Estate Marketing 387

Hank Miller Team

NOVEMBER 22, 2022

There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. They do not represent either buyer or seller. If the appraisal comes in below contract price, there are actions taken between buyer and seller that can work to resolve the issue.

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Inspection Appraisal Buyers Sellers 52

Realtor

AUGUST 7, 2019

The collateral for the loan is the home, so lenders require an independent appraiser to inspect it and advise on its value,” explains Michael Drake , president of PMG Home Loans. And they may not accept an appraisal that the seller did at the time of listing.”. The post Should Home Sellers Get an Appraisal Before Listing?

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Sellers Appraisal Market Value Real Estate Agent 78

Raleigh Realty

FEBRUARY 19, 2022

Home inspections This should be a necessity for anyone who is buying real estate. A home inspection can spot these and other things that are wrong with the house, which gives you far more negotiating power, and it gives you a reasonable idea of what to expect in terms of expenses for the future. The HVAC was shot.

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HOA Real Estate Buyers Construction 148

Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. Does a Newly Constructed Home Need an Appraisal? Yes, even a newly constructed home needs an appraisal. Often new constructions don't have developed yards.

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Appraisal Process Appraisal Construction Sellers 139

McKissock

JULY 26, 2022

Constructing a real estate offer is an art. In order to reach an acceptable agreement with the most favorable terms, make sure your buyers are aware of the market and the most important factors when constructing an offer. Requests to sellers to pay closing costs. Timeliness and types of inspections. Making an offer.

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Real Estate Counter Offer Buyers Inspection 81

Lamacchia Realty

JANUARY 31, 2025

You can make a smart and confident decision by evaluating the propertys location, construction features, and local resources. Research whether the property complies with updated building codes, as these codes often dictate the quality and durability of construction materials.

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Insurance Inspection Construction Transportation 43

The Robert Weiler Company

JANUARY 2, 2021

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.

Contracts 143

Contracts Tenants Legal Sellers 143

Raleigh Realty

AUGUST 3, 2021

And if you are buying with cash, you'll want proof of income to show the seller's agent. Conduct Environmental Tests You should view the environmental tests of your future land as important as an inspection of a future home. There may be a representative of the lending institution present to make the payment to the seller.

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Real Estate Agent Construction Development Real Estate 148

Birmingham Appraisal

SEPTEMBER 15, 2022

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.

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Appraisal Inspection Appraisal Process Real Estate Agent 98

McKissock

JANUARY 31, 2023

” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” Was the seller highly motivated? ” “When to use new construction or remodeled construction as a comparable.” Educate yourselves on construction details and styles of homes.

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Real Estate Agent Real Estate Agents Appraisal 97

Lamacchia Realty

JULY 10, 2023

The presence of this harmful construction material can lead to a range of issues from the quality of the property to the health of its inhabitants. So, if you’re purchasing a home that was built after August of 2004, it’s best to check with the seller and their agent about the drywall.

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Inspection Realty Sellers Agents 74

Appraisal Partners Blog

FEBRUARY 9, 2025

It’s conducted by a licensed or certified appraiser who is independent of the buyer, seller, and lender. For Sellers: An appraisal can help sellers set a realistic asking price, attracting potential buyers and avoiding overpricing, which can lead to a prolonged time on the market. Why are Appraisals Important?

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Appraisal Property Taxes Inspection Sellers 78

Lamacchia Realty

JUNE 28, 2023

If any of these conditions are not up to the agreed standard, the home buyer can withhold payment from the seller until the issues are rectified. Check That All Home Repairs Were Completed In addition to the initial home inspection , which identifies and addresses any problem areas, it’s crucial to reevaluate the situation.

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Inspection Buyers Sellers Advertising 74

Listing Spark

AUGUST 25, 2022

Home inspections are a critical part of real estate. They impact both buyers and sellers and are key in negotiations and identifying any problem areas in homes. Even if you’re buying new construction, you should be using a home inspector. Is there anything you can do to better prepare for future home inspections?

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Inspection Real Estate Construction Sellers 36

Chicagoland Appraisal Blog

MAY 13, 2021

When the housing marketplace favors sellers, home values run high. During buyer’s markets, sellers might find it difficult to sell an outdated home or to achieve their asking price. To begin the process of having your home appraised, you’ll need to select an appraiser and schedule their inspection. Year of construction.

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Appraisal Renovations Home Value Real Estate 88

CA Realty Training

SEPTEMBER 6, 2021

We will discuss the three contingencies that you’ll see, which are appraisal, inspection, and loan. So, the buyer will pay for an appraiser to inspect and write a report on the home’s value. So, the seller hopes that the appraised value is $1,000,000 or higher. What is an Inspection Contingency?

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Real Estate Agents Inspection Real Estate Agent 56

Zillow

JANUARY 23, 2018

Buying new construction seems simple, right? No sellers to deal with, no unexpected repairs that come up during inspection, no drawn-out negotiations. Having your own agent provides a sense of security," says Seattle-area homeowner Kristy Weaver, who has bought two new construction homes from two different builders. "It

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Construction Agents Buyers Real Estate Agent 36

Realtor

MARCH 7, 2023

While there is a lot of flexibility in the type of home that may be accepted for a USDA home loan—including condos , townhouses , and new construction —not all homes will qualify. ” In some cases, experts advise it might be wise for a potential homebuyer to pay to have a home inspection done prior to the official appraisal.

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Inspection Appraisal Market Value Finance 111

Lamacchia Realty

NOVEMBER 2, 2021

With its strength and heat resistance, asbestos is used in a variety of building construction materials (prior to 1980), meaning there isn’t one area of the home that it is typically in. If you’ve had the asbestos inspected and it has been determined to be in good condition, include this disclosure as well. Seller Resources.

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Inspection Buyers Law Sellers 74

Hank Miller Team

DECEMBER 1, 2021

Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more. But unless the buyer and agent have a working knowledge of construction and a level of experience that allows them to spot signs of trouble, the buyer may be walking off a cliff.

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Inspection Buyers Real Estate Sellers 52

Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. To read more, Click Here To see the listing with 40 photos Click Here = Can a New Construction Sale be Used as a Comp for an Older Home? baths, 14,450 sq.ft.,

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Appraisal Construction Contracts Architecture 77

Appraisal Hub

JULY 26, 2024

The appraiser inspects the property from top to bottom. If it does, you can ask the seller to lower the price with information to back up your claim, potentially saving you money. Onsite Property Inspection: A certified property evaluator visits the house. This ensures that the price the seller asks is fair.

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Valuation Buyers Market Value Appraisal 78

Will Springer Realtor

DECEMBER 8, 2021

Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8% Who said this is a sellers’ market? “In Lot availability is at multi-decade lows and the construction industry currently has more than 330,000 open positions.”. construction jobs in the U.S.,

Sellers 36

Sellers Marketing Supply Chain Construction 36

Quicken Loans

JUNE 9, 2021

This value is established by inspecting the house and comparing the asking price to recent sales prices for similar properties in the area. If the appraiser must travel further to get there or has to inspect multiple units, it could cost you more. Pest Inspection. Department of Veterans Affairs (VA). VA Home Appraisal Process.

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Appraisal Inspection Real Estate Agent Sellers 51

Appraisal Today

SEPTEMBER 22, 2023

To me, the big issue is who is doing the inspections. A buyer gets a seller’s disclosure statement for that information. Most of the inspection training we receive as appraisers happens in the field. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing.

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Appraisal Training Inspection Real Estate 86

Boston Appraisal

DECEMBER 11, 2023

The appraisal process is important for homeowners, buyers and sellers. If the property is a new construction building, the appraiser may use the Cost Approach , which estimates the value of a property based on the cost of replacing it with a similar one.

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Appraisal Process Real Estate Appraisal Easement 78