Appraisal Buzz

APRIL 11, 2022

It’s increasingly difficult for home appraisers to predict what will happen next, between seller booms and fluctuating mortgage rates. Millennials Still Prefer Renovating. Although the Sun Belt has seen impressive growth, the homeowning population as a whole would rather renovate than relocate. More Second Home Purchases.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

Housing Wire

APRIL 27, 2023

The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.” Invitation Homes (IH) spent about $25,000 on renovations per home for its California SFR portfolio, pleadings in the lawsuit state.

Renovations 387

Renovations Investing Real Estate Marketing 387

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. They are more appropriate for an appraisal.

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Marketing Real Estate Agent Clients Tools 435

Housing Wire

JANUARY 31, 2023

To do so, they plan on capitalizing on single close construction loans in addition to the conventional, government, and jumbo loans. “We We have a one-time close construction-to-permanent loan, and we are the largest seller of that product to the agencies. In-house is key.

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Mortgage Loan Officers Retail Finance 418

Housing Wire

MARCH 28, 2022

With that said, with tight margins of around 5% , time is short, meaning human value creation (renovations big or small) are usually foregone in favor of an algorithmically determined window dictating when to buy or flip. To de-risk transactions, tailored add-ons are important. Andy Bodrog is Partnerships Director, Property at Cover Genius.

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Real Estate Marketing Insurance Technology 397

Housing Wire

FEBRUARY 8, 2024

Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City. With extensive experience in new construction home sales, Janet is certified in luxury home sales and specializes in relocation and new construction builder sales.

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Real Estate Agent Real Estate Agents Clients 435

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

Lamacchia Realty

MAY 6, 2021

HOME RENOVATIONS IN 2021. As we begin to see the other side of the pandemic and throughout the past year, the home improvement and renovation industry is seeing an extremely high demand for tools, materials, and home improvement service providers. Cost of Materials. The cost for lumber is 3x higher than it was last March.

Renovations 68

Renovations Buyers Home Improvement Realty 68

Lamacchia Realty

FEBRUARY 8, 2022

Because of this, many buyers going through the home buying process are becoming more open to a house that needs renovations. Purchasing a home that requires renovations and repairs might seem overwhelming, but with these tips, the process of purchasing a fixer-upper and making those first repairs is much more manageable.

Renovations 74

Renovations Buyers Finance Home Improvement 74

Appraisal Partners Blog

JANUARY 20, 2025

For sellers, an appraisal helps establish a realistic asking price based on market conditions. It typically involves several key steps: Setting Up the Appointment: Once an appraisal is required, the lender, buyer, or seller will engage a licensed appraiser. For buyers, an appraisal ensures that they are not overpaying for a property.

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Appraisal Inspection Valuation Appraisal Process 78

Lamacchia Realty

MAY 23, 2023

WHAT TO KNOW ABOUT HOME RENOVATIONS IN 2023 In recent years, the world has undergone a multitude of changes, and the home renovation industry is no different. Factors such as supply chain disruptions, project delays, and increasing costs have greatly impacted both new construction and ongoing renovation projects.

Renovations 69

Renovations Supply Chain Construction Home Improvement 69

Lamacchia Realty

MAY 20, 2022

HOME RENOVATIONS IN 2022. It’s well known that the world has seen a multitude of changes over the past few years, and the home renovations world is no different. From supply chain delays and stoppages to inflation, home renovation and even new construction projects are feeling the impact. Cost of Materials.

Renovations 68

Renovations Supply Chain Construction Modernization 68

Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. My advice to agents and sellers is to really analyze the properties that they are using to develop their asking price. I had new construction sales that were very comparable.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Assurance Financial

APRIL 18, 2022

After your purchase, you can renovate the property to make it suit your tastes and fit your needs. Depending on the extent and cost of your home improvement goals, you might need to take out a loan for renovations. A home renovation loan is most likely not going to be the same as your mortgage. Why Remodel Your Home?

Renovations 74

Renovations Construction Home Improvement Mortgage 74

Raleigh Realty

JULY 31, 2022

Major Home Inspection Issues and How to Handle Repairs If your home inspection turns up any of these 7 major issues it could be time to negotiate some mandatory fixes with the seller before you proceed with purchasing the home. Natural disasters, poor construction, poor drainage, and settling can also cause structural issues to arise.

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Inspection Sellers Real Estate Agent Buyers 148

Empire Appraisal Group

JULY 27, 2023

In a time of rising housing costs, a fixer-upper offers more house for the money – but the iffy cost for renovations scares buyers already hurt by high interest rates. NEW YORK – Real estate agents say today’s buyers appear to have little desire to take on the additional costs and headaches of major renovation projects.

Buyers 78

Buyers Renovations Real Estate Agent Agents 78

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. Year of construction. Overly personalized renovations. Inferior-quality construction materials. The Value of a Home Appraisal.

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Appraisal Renovations Home Value Real Estate 88

McKissock

JANUARY 31, 2023

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. ” “We do not adjust dollar for dollar with regards to upgrades/renovations/updates.

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Movoto

JANUARY 27, 2022

A gut renovation is a great way to get exactly what you want when you buy a home. Here are some curveballs to expect when you do a gut renovation. . With a realistic budget, preparation, and a lot of patience, a gut renovation will be worth it when you get your custom home designed specifically for you. Average Cost: Varies.

Renovations 36

Renovations Inspection Construction Logistics 36

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Need for New Construction. Construction Workforce Concerns.

Inventory 68

Inventory Construction Real Estate Renovations 68

Lamacchia Realty

APRIL 17, 2024

While some sellers may renovate a bathroom or do small improvements to make the home feel new , don’t overlook the power of a fresh hardwood floor. Hardwood floors are typically constructed from solid wood planks or engineered wood, both designed to withstand heavy foot traffic.

Home Value 74

Home Value Buyers Realtors Realty 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?

Appraisal 78

Appraisal Property Taxes Inspection Sellers 78

Will Springer Realtor

JULY 25, 2023

One of those objectives may be to make renovations on the home now when you can still safely – and, we trust, affordably – manage the projects before being too busy playing pickleball, volunteering your time or traveling the world. It will cost about $20K to construct (depending on the size and scope) and deliver a $9K return on investment.

Renovations 36

Renovations Investing Buyers Construction 36

Houston Properties

MAY 6, 2020

A home seller guide from the number one Realtor in Houston. Houston Home Seller Resources. Full Houston Home Seller Guide. Get A FREE Home Valuation Enter your email to receive a free, easy to read seller's guide on how to sell your house in the shortest time for the most money. more and for 43.7% faster than average.

Renovations 66

Renovations Realtors Sellers Valuation 66

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

When you are the seller of a FSBO (For Sale By Owner). Based on my research of keeping the data on these types of transactions, at least 75% - 80% of the time, the seller would have had a higher net income even if they were to have paid the commission. Most people know that appraisals need to be completed for lending purposes.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

Chicagoland Appraisal Blog

APRIL 3, 2020

Chicago’s housing options include a wide diversity of architecture, styles, and sizes, including vintage condos, brand-new construction, and 7,000-square-foot homes. Here’s what that means for sellers in the Chicago area: Make key updates if you’re selling a dated home. Updated homes tend to sell faster in Chicago, notes Westhoff.

Real Estate Agent 78

Real Estate Agent Architecture Modernization Buyers 78

Lamacchia Realty

DECEMBER 29, 2022

In short, contractors and construction workers need to work. And then you can just have it ready when the construction crew arrives in winter. . And while that is true, you shouldn’t forget that it’s also great for renovating the exterior of your home. It's easier to get a permit.

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HOA Construction Government Renovations 73

Raleigh Realty

MARCH 29, 2021

Getting pre-approved tells the seller that you're serious. And the seller's agent will be happier to do business with a colleague in the field. You'll need to do some renovations. These homes aren't exactly new construction, but they are a steal. It also provides documentation indicating how much house you can afford.

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Government Real Estate Agent Insurance Property Taxes 148

Birmingham Appraisal

OCTOBER 9, 2024

Low Interest Rates May Not Be The Reason Your Listing Isn’t Selling With recent dips in interest rates, many sellers and their agents might expect it to be easier to sell a home, but that’s not always the case. If a full renovation isn’t in the cards, simple fixes like new cabinet hardware and updated faucets can go a long way.

Buyers 69

Buyers Appraisal Agents Sellers 69

Will Springer Realtor

MARCH 12, 2024

As a result, home buyers and sellers across Seattle/King County saw a mixed bag of activity in February, according to the Northwest Multiple Listing Service (MLS). About two-thirds of all King County listings sold last month at the list price or above, signaling a competitive environment and extending this long-running sellers’ market.

Buyers 57

Buyers Construction Sellers Inventory 57

Boston Appraisal

DECEMBER 11, 2023

The appraisal process is important for homeowners, buyers and sellers. You should also disclose any special circumstances or contingencies that may affect the value of the property, such as repairs, renovations, easements, or encroachments.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Easement 78

Realvals

JUNE 18, 2023

Renovating a Home If you are planning to renovate your home, getting an appraisal beforehand is a smart move. An appraisal will show you the current value of your property, but can even show you the value once completing the renovation, if requested. While not completely necessary, it can help you in a one valuable way.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

The Robert Weiler Company

MARCH 15, 2021

For our sellers, our most common challenge is assessing a building’s value in the absence of comparable structures and data. Cost approach : This practice compares the special purpose property appraisal value to the cost of constructing a replica structure, while also including depreciation. Such an approach isn’t controversy-free.

Appraisal 158

Appraisal Property Appraisal Real Estate Buyers 158

Lamacchia Realty

JULY 2, 2024

Consider Relocation When Renovation Relocating to a new home might be necessary, especially when dealing with the intricacies of a major renovation of your home. Engaging professional movers ensures that your belongings are handled carefully, minimizing disruption and allowing you to focus on the renovation details.

Renovations 50

Renovations Inspection Transportation Modernization 50

Hank Miller Team

NOVEMBER 15, 2022

Renovations – Cooped up in their homes, renovations and updating became a thing to do. Balance – as the market returns to a more consistent pattern, sellers will be back to 2-4 months on the market, concessions, and a protracted listing period. Owners refinanced and/or took HELOCs and did the work many talked about.

Inventory 52

Inventory Renovations Housing Market Buyers 52

PennyMac

OCTOBER 10, 2023

Appraisals are an essential part of the home financing process, ensuring the homebuyer, seller and mortgage lender each have an impartial, consistent and accurate assessment of the value of the property under consideration. Home improvements and renovations. An appraiser will also evaluate your home's foundation and its condition.

Appraisal 69

Appraisal Real Estate Agent Renovations Home Value 69

Appraisal Today

APRIL 5, 2024

With shifts in existing and pending home sales, new home sales, construction activity, and economic indicators such as inflation and mortgage rates, appraisers are navigating a complex landscape. Appraisers should consider the potential impact, especially in markets with significant new construction. baths, 6,263 square feet, 2.23

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Appraisal Contracts Business Construction 77