Eppraisal

MARCH 22, 2024

While ensuring a window operates properly has minimal impact on home value, it makes living in a house more pleasant. Clean Awning and Overhangs Adding awning and home trim typically requires the help of professionals and can be costly. Seal any cracks in the sidewalks from expansion and contraction during weather shifts.

Inspection 36

Inspection Home Value Contracts Marketing 36

Eppraisal

SEPTEMBER 30, 2021

Buyer demand for homes is extremely high. Home values are rising. One of the terms buyers are writing into their offers is that they are willing to purchase the homes "as is." Many real estate contracts have this provision written in as an optional paragraph. This is simply untrue. What's the "As Is" Advantage?

Inspection 36

Inspection Sellers Contracts Real Estate 36

Empire Appraisal Group

OCTOBER 17, 2024

Insurance coverage addresses each of these items differently: Maintenance involves routinely inspecting and servicing your property’s systems. Not planning for surprise issues You may not know everything that’s going on behind your walls, but it’s important to be prepared for surprises especially if you live in an older home.

Renovations 78

Renovations Inspection Tools Insurance 78

Eppraisal

DECEMBER 20, 2022

Your real estate agent will discuss with you the price of the home you are looking for, the size, how many rooms you need, the style, your needs and wants in a home, and much more. It is important to understand home values in the areas you are looking so you have an idea of what type of homes you can afford.

Real Estate 36

Real Estate Buyers Inspection Real Estate Agent 36

Eppraisal

DECEMBER 23, 2022

Be sure your agent did an analysis for you and that you are aware of the home values for similar homes in your area. Negotiate the price based on these home values. Inspection Period After the contract is signed and delivered to all parties, it becomes a fully executed contract.

Real Estate 36

Real Estate Sellers Inspection Contracts 36

Eppraisal

APRIL 8, 2021

Home values are increasing as buyers are competing for homes. According to the National Association of Realtors (NAR), the inventory of homes is at it's lowest since 1999. There is so much pent-up buyer demand that homebuyers are in bidding wars and are offering considerably more than list price for homes.

Marketing 36

Marketing Inspection Contracts Buyers 36

Eppraisal

NOVEMBER 9, 2021

Home buyers are still flocking to homes when they are listed for sale. Buyers continue to offer list price and above as home values are still going up. When a home buyer doesn’t pay cash for a home, he will most likely be purchasing the home with the help of a mortgage lender.

Appraisal 36

Appraisal Contracts Sellers Home Value 36

Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. As home values have been rising, so have earnest money amounts. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money.

Contracts 36

Contracts Real Estate Agent Sellers Real Estate 36

Eppraisal

MARCH 28, 2023

Advantages and Disadvantages of New Construction According to Realtor.com, one-third of all homes on the market are new, i.e. recently built with no previous inhabitants. These are the very drivers of their appeal -- no aging, no wear and tear that often diminish home values. Why are existing homes preferable?

Construction 36

Construction Inspection Property Taxes Home Value 36

Eppraisal

AUGUST 30, 2022

Offer Market Price Buyers still need to offer at least market price for a home, perhaps higher. Home values are still going up. Contract Terms Over the past couple years, buyers have been writing unprecedented terms on their offers to purchase. It is not a buyer's market yet and home values are still rising.

Real Estate 36

Real Estate Buyers Marketing Real Estate Agent 36

Appraisal Today

AUGUST 30, 2024

AI Appraisals: Embracing the Future Appraisal 5 Enormous Mansions, With Wildly Different Architectural Styles—Priced at Under a Million Bucks Is appraisal accuracy measured by contract price? Again, I ask, does contract price equal market value? Further, should contract price be the metric by which appraisal values are measured?

Appraisal 77

Appraisal Contracts Architecture Mortgage 77

Eppraisal

MARCH 10, 2023

Even though most houses were selling quickly, and home values were rising, many sellers wanted to sell their homes to buyers with few or no contingencies. "House In this case, you would already have a contract on your current home, and you would only ask the seller to wait to close until your house closes first.

Sellers 68

Sellers Home Value Real Estate Real Estate Agent 68

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 305

Renovations Investing Real Estate Marketing 305

Raleigh Realty

MARCH 26, 2022

Questions are going to come up and your agent will be there every step of the way to help you through the process: What is a home appraisal? Is a home inspection worth the cost? How do I measure the square footage of a home? Experiences With Contracts Paperwork pushing is a big part of this process.

Real Estate 148

Real Estate Buyers Agents Contracts 148

Eppraisal

NOVEMBER 23, 2021

The real estate market is still hot and there are currently more buyers than homes available for sale. So far in this year's fall real estate market, home values continue to rise. It hasn't been uncommon where homes haven't appraised for the prices on the real estate contracts this year.

Appraisal 36

Appraisal Real Estate Agent Real Estate Inspection 36

Eppraisal

SEPTEMBER 7, 2022

For the past couple years, homes have been selling fast and home values have been increasing at record-breaking rates. The inventory of listed homes on the market has been historically low. In many markets home sellers no longer have the leverage they did a few months ago.

Real Estate 69

Real Estate Agents Real Estate Agent Marketing 69

Appraisal Today

AUGUST 30, 2024

AI Appraisals: Embracing the Future Appraisal 5 Enormous Mansions, With Wildly Different Architectural Styles—Priced at Under a Million Bucks Is appraisal accuracy measured by contract price? Again, I ask, does contract price equal market value? Further, should contract price be the metric by which appraisal values are measured?

Appraisal 59

Appraisal Contracts Architecture Market Value 59

Eppraisal

FEBRUARY 25, 2022

A critical step in the home buying process is the final walkthrough of the house, before it officially and legally becomes yours. The purpose of a final walkthrough is to be sure the home is in the same or better condition than it was when you signed a contract. Open and close all the windows and doors. Test the appliances.

Inspection 36

Inspection Contracts Buyers Agents 36

Eppraisal

MARCH 13, 2021

Interest rates are still historically low and, in many areas, when a home is listed for sale, it's a race as to who sees it and puts in an offer first. Many homes receive multiple offers within a couple days of going on the market with buyers often paying more than list price for homes. Help you arrange inspections.

Buyers 36

Buyers Brokerage Contracts Home Value 36

Eppraisal

OCTOBER 2, 2021

According to an article written by Danielle Hale on Realtor.com, "Homes continue to sell faster than a year ago." Your agent should know the real estate contract like the back of her hand. Skills to Look For in a Listing Agent It's no secret homes are selling quickly. Your home value is most likely the highest it's ever been.

Agents 36

Agents Real Estate Agent Marketing Real Estate 36

Raleigh Realty

FEBRUARY 19, 2022

But before you do there's one last factor to consider: the home appraisal. Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. Here's what you need to know about home appraisals so that you come prepared. Not a cent more.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

Zillow

JULY 15, 2019

Approved for short sale : A term that indicates that a homeowner’s bank has approved a reduced listing price on a home, and the home is ready for resale. Look for this accreditation or something similar when shopping for a home inspector.). Buyers should budget for an amount that is 1% to 3% of the home's purchase price.

Real Estate Agent 56

Real Estate Agent Inspection Insurance Buyers 56

PennyMac

SEPTEMBER 6, 2023

Save money on home improvements When you sell your house more traditionally, you want to get the most money from your sale by fixing up your home. You may also be required to make repairs to meet certain state standards in order to sell your home. Invest some money and time to fix and update your home.

Renovations 36

Renovations Inspection Sellers Buyers 36

D Fritz Appraisals

MARCH 16, 2021

Home inspection reports (current and previous). If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals. Copies of any previous appraisals – this can help the appraiser see how the value has changed over the years.

Appraisal 130

Appraisal HOA Easement Valuation 130

Eppraisal

APRIL 20, 2021

Your Offer Price As mentioned, the inventory of homes for sale is even lower than it was last year at this time. According to an article on Realtor.com, there were 52% less homes on the market in March of 2021 than in March of 2020. With limited inventory, home values are on the rise. It's that simple.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Eppraisal

JANUARY 29, 2023

In this posting, we will follow the acts of contract negotiation and legal settlement when undeveloped land changes ownership. Obviously, there are certain elements of home sales that do not apply to the exchange of raw land, at least not yet. All of these variables can influence the final price paid as well as future home values.

Development 36

Development Counter Offer Easement Legal 36

Appraisal Today

NOVEMBER 4, 2022

Our office updates AMCs on every scheduling attempt with details, every inspection appointment set and completion, and any materials needed ASAP in the assignment. Appraisers tend to get annoyed with constant emails from the AMC about inspection date, completion, report submission, etc. Building homes at a higher elevation will help.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

Eppraisal

NOVEMBER 12, 2021

Selling your home can be profitable in today's seller's market as home values have risen significantly this year. What's taken many sellers by surprise this year, however, is that some homes haven't been appraising due to these higher sales prices. The appraiser will research before visiting your home.

Appraisal 36

Appraisal Real Estate Agent Real Estate Buyers 36

PennyMac

DECEMBER 22, 2020

Your agent should also be able to tell you if you need to hire anyone else, such as an attorney or an inspection service, depending on your state and situation. HVAC, plumbing), the structural integrity of the home, and check the prices of comparable homes in the area. Step 7: Have the Property Inspected.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Raleigh Realty

MAY 3, 2021

Build Equity Your home will have a value assigned to it, and you'll be making mortgage payments. The difference between the home's value and what is left in your mortgage is the equity. In other words, if your home is worth $100,000 and you have $60,000 remaining in your mortgage, you have $40,000 worth of equity.

Real Estate Agent 78

Real Estate Agent Real Estate Inspection Insurance 78

Eppraisal

MAY 24, 2022

With homes selling faster than ever before, home values are rising at higher rates than ever before. The inventory of homes available for sale is at its lowest in history. Some sellers think it is a good time to try to sell their homes "For Sale By Owner" (FSBO or by owner) to save a bit of profit.

Agents 36

Agents Real Estate Agent Real Estate Brokerage 36

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. ==. New homes – what is happening? No inspections or appraisals? Did anyone think in early 2020 that home values all over the country would go off the charts?

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

Eppraisal

MARCH 15, 2022

The contract states that they will use their best efforts to find a home that meets your criteria. Even though home values are rising, and buyers are competing for homes, exclusive buyer representation requires the agent to do everything in his or her power to get you the home on terms that are beneficial to you and for the best price.

Buyers 36

Buyers Real Estate Agent Tenants Landlords 36

Appraisal Today

APRIL 14, 2023

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. Value acceptance is 3 out of 5 – no appraisers. Or desktop appraisals and inspection only. The average contract interest rate for 5/1 ARMs decreased to 5.51

Appraisal 52

Appraisal Bracketing Valuation Contracts 52

The Robert Weiler Company

OCTOBER 15, 2021

Consider this: According to Crain’s Chicago Business, Columbus saw the most substantial increase in total home value in the country. Another mistake – perhaps one of the more obvious (and, consequently, most detrimental) mistakes – is contracting the commercial property for sale in your personal name.

Investing 138

Investing Real Estate Tenants Investors 138

PennyMac

JUNE 28, 2022

From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. In some states, you need an attorney to close on your home. This fee will cover the attorney preparing and reviewing agreements and contracts. Lead-Based Paint Inspection. Closing Fee.

Property Taxes 36

Property Taxes Insurance Sellers Inspection 36

PennyMac

AUGUST 14, 2024

Check out Pennymac's Home Value Estimator to see recent local home sales and compare the pricing of homes that align with your square footage and number of beds/baths. Ask a real estate agent for their educated opinion on how much you may be able to sell your home for.

Real Estate Agent 36

Real Estate Agent HOA Finance Real Estate 36