Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. The KAAR also said housing inventory dropped for six straight months to start the new year. You set your appointments the night before, and when you get there that morning, they might already be under contract.” year-over-year.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Housing Wire

JUNE 28, 2024

We still have low inventory, but also not a lot of buyer activity, and now I’m seeing more inventory come on the market and still not as much buyer activity. Although pending sales are up, local agents noted that properties are taking longer to go under contract, leading to an uptick in inventory and days on market.

Housing Market 397

Housing Market Marketing Inventory Buyers 397

Housing Wire

JUNE 24, 2021

The all-cash contract signed between Accept.inc and the seller is still contingent on a satisfactory inspection that can be negotiated between the buyer and agent. If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close.

Sellers 418

Sellers Buyers Investors Inspection 418

Housing Wire

SEPTEMBER 9, 2020

With record-low interest rates, paltry inventory and a surge in buyers, agents are advising clients to be extraordinarily aggressive to win. Another critical element, according to agents, is not to make the deals contingent upon things like inspections and not to “nickel and dime” the seller. of offers, followed by townhomes at 54.7%

Agents 501

Agents Marketing Clients Buyers 501

Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. There had been nearly one-third of buyers who waived an inspection or appraisal contingency, but the last month it fell to just over 20% for both.

Realtors 418

Realtors Housing Market Marketing Buyers 418

Realtor

JULY 13, 2021

In our current seller’s market, the national inventory of active listings is down 43.1% The provisions of a contingency contract are there to protect buyers and sellers. Home inspection. A home inspection is the foundation on which all other real estate contingencies are built. Mold remediation.

Inspection 200

Inspection Real Estate Agent Real Estate Buyers 200

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. Rate buy-downs are another option I recommend in this market. Let’s use $10,000 as an example.

Agents 435

Agents Buyers Sellers Inventory 435

Cleveland Appraisal Blog

MAY 27, 2021

Right now, in many contracts, buyers state that they will not pay more than a certain about over the appraised value of a home. Imagine if the appraiser just magically hit the contract price when there was really no support for doing so. So, having a well-developed and supportable opinion of value is important. SIZE MATTERS.

Market Value 418

Market Value Appraisal Buyers Contracts 418

Eppraisal

OCTOBER 26, 2021

The inventory of homes available is historically low. According to an article on keepingcurrentmatters.com, "A normal market's inventory sits at 6 months. Some are waiving appraisals and others are even offering to waive inspection contingencies. Some buyers like to have the roofs inspected by roofing companies.

Inspection 69

Inspection Buyers Real Estate Agent Contracts 69

Cleveland Appraisal Blog

JANUARY 7, 2021

However, what if the car salesman said that the buyer would have to sign a contract stating that they could not resell the second car? Upon inspecting this home, I found that the home sits on a huge rock formation, which takes up a good portion of the left side of the property. They would just have to figure out a way to use it.

Appraisal 347

Appraisal Inspection Legal Real Estate 347

Appraisal Today

NOVEMBER 1, 2024

By increasing the maximum allowable loan-to-value (LTV) ratio for full appraisal waivers from 80% to 90%, and for inspection-based appraisal waivers from 80% to 97%, the FHFA is taking a risky and potentially irresponsible step that could have far-reaching consequences. The average contract interest rate for 5/1 ARMs increased to 6.20

Appraisal 91

Appraisal Training Contracts Mortgage 91

Hank Miller Team

JULY 18, 2022

Cancel culture invades real estate.The number of canceled home contracts hit a two year high in June 2022. Still, 22 of contracts terminating isn't a anything to ignore. As inflation runs roughshod over the country, there are multiple factors playing a role in contracts terminating. Nationally, 14.9 in Mar '20 and 16.4

Contracts 52

Contracts Sellers Buyers Agents 52

Cleveland Appraisal Blog

MARCH 18, 2021

When I made my inspection, I measured the property. With a shortage of inventory, it was not hard to imagine why this might be the case. Therefore, my opinion of value was in the mid-sixties, which was far below the contract price. What if my appraisal report, mysteriously came in at the same price as the contract price? .

Appraisal 195

Appraisal Investors Market Value Contracts 195

Appraisal Today

SEPTEMBER 22, 2023

To me, the big issue is who is doing the inspections. 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. Inspection training was very good. Read the full report. Very interesting.

Appraisal 94

Appraisal Training Inspection Real Estate 94

Hank Miller Team

APRIL 4, 2022

What are the trends, inventory, mortgage rates, forecasts? While there are no guarantees (esp in real estate), most of the buyers getting under contract are exercising measured risk. Those not waiving inspections try for the “right to inspect”; a modified and very narrow inspection option.

Buyers 75

Buyers Inspection Sellers Contracts 75

Empire Appraisal Group

MARCH 16, 2023

Gone were sound practices like inspections, appraisals and even contingent offers. Houses received multiple strong offers soon after a house went on the market, often going under contract within a matter of days. The first is Active Inventory , which is the number of homes actively on the market at a particular time.

Sellers 78

Sellers Inventory Realtors Clients 78

Appraisal Today

JANUARY 31, 2025

Other risks include getting injured during an inspection, plus the risks we all have of a serious medical problem, such as cancer. The rate lock-in effect is also expected to cool off in the new year, adding more inventory to the market. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.37

Appraisal 68

Appraisal Contracts Real Estate Insurance 68

PennyMac

DECEMBER 22, 2020

In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. During the appraisal, a licensed appraiser will take inventory of major systems (i.e., Step 7: Have the Property Inspected.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Realtor

MAY 18, 2018

That’s instead of having professional appraisers come out to physically inspect the homes, look at recent sales data in the area, and perform their own analyses to come up with the valuation. But “the longer it hasn’t been appraised, the more apt you are not going to get a property inspection waiver.”.

Appraisal 78

Appraisal Inspection Buyers Valuation 78

Realtor

MAY 18, 2018

That’s instead of having professional appraisers come out to physically inspect the homes, look at recent sales data in the area, and perform their own analyses to come up with the valuation. But “the longer it hasn’t been appraised, the more apt you are not going to get a property inspection waiver.”.

Appraisal 78

Appraisal Inspection Buyers Valuation 78

Listing Spark

AUGUST 25, 2022

Home inspections are a critical part of real estate. For most buyers and sellers though, they don’t know what they should be looking for in a home inspection. Is there anything you can do to better prepare for future home inspections? 1:08 – What Clayton and Green Scene Home Inspections do. Episode overview.

Inspection 36

Inspection Real Estate Construction Sellers 36

The Robert Weiler Company

APRIL 5, 2023

Warehouse space is typically taller than office space, allowing you more vertical space to store inventory. LawDepot™ explains a sublease as, “… a legally binding contract between a tenant and a new tenant… The sublease gives the subtenant the right to share or to take over the rented premises from the first tenant.”

Landlords 144

Landlords Tenants Logistics Real Estate 144

Birmingham Appraisal

JUNE 13, 2023

If you choose not to be at the property during the appraisal inspection let the appraiser know you are available to answer any questions they may have. If there are no comparable sales that support the contract price, this may result in a lower appraised value.

Real Estate Agent 87

Real Estate Agent Real Estate Agents Reconsideration of Value 87

Hank Miller Team

FEBRUARY 27, 2022

Inventory is even lower than last year and no one is expecting a major change any time soon. For these buyers, the max effort has to be given to finding a seller motivation that's not tied to the contract process. The average mortgage rate is a good 1 higher than twelve months ago, with an expected 3-5 Fed rate bumps over '22.

Buyers 52

Buyers Inspection Contracts Sellers 52

Appraisal Buzz

JUNE 12, 2024

The company—was established “to provide portfolio managers with reliable and high-quality outsourcing services to manage their REO assets”—launched just before the 2007-2008 financial crisis, a time when REO inventories were abundant as the nation navigated wide-spread foreclosures, bank collapses, and economic strife.

Training 221

Training Business Human Resources Appraisal 221

Eppraisal

APRIL 20, 2021

Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. Your Offer Price As mentioned, the inventory of homes for sale is even lower than it was last year at this time. With limited inventory, home values are on the rise.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Birmingham Appraisal

JUNE 1, 2022

If financing were not an issue, and the buyer couldn’t care less about how their contract price compared to other similar properties, it would just be a matter of connecting the buyer with the seller and signing on the dotted line, but life isn’t always so easy. There can be numerous reasons for a slowdown in pending sales.

Agents 52

Agents Marketing Contracts Inventory 52

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 85

Appraisal Contracts Architecture Mortgage 85

The Robert Weiler Company

MAY 14, 2021

Independent and not contracted with any party, institution, or broker. Both the interior and exterior of all the decedent’s properties must be inspected. Any records that count help authenticate the property’s condition around the date of death, such as deeds, inspection reports, leases, rent rolls, income statements, or photographs.

Real Estate 133

Real Estate Appraisal Legal Valuation 133

Empire Appraisal Group

OCTOBER 17, 2024

Insurance coverage addresses each of these items differently: Maintenance involves routinely inspecting and servicing your property’s systems. These issues could include anything the initial home inspection missed, like faulty wiring, structural issues, mold, and pest damage. Take inventory of the tools you already own.

Renovations 78

Renovations Inspection Tools Insurance 78

Eppraisal

SEPTEMBER 30, 2021

The inventory of available homes is at a record-breaking low. Many real estate contracts have this provision written in as an optional paragraph. The buyers and sellers need to initial the paragraph to make it part of the contract terms. Sometimes sellers think that "as is" means that the buyers are waiving the inspections.

Inspection 36

Inspection Sellers Contracts Real Estate 36

Appraisal Today

AUGUST 18, 2023

That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. This was the same process many of us underwent with the exterior-only (drive-by) inspections. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.93 percent from 7.09

Appraisal 83

Appraisal Contracts Inspection Real Estate 83

Eppraisal

APRIL 8, 2021

According to the National Association of Realtors (NAR), the inventory of homes is at it's lowest since 1999. The NAR cites that in December of 2020 the inventory was down 23% compared to December of 2019. When buyers purchase a home "as is" they can still have inspections performed. It's a "super seller's market" right now.

Marketing 36

Marketing Inspection Contracts Buyers 36

Appraisal Today

OCTOBER 20, 2023

The inspection was uneventful. I was given a lockbox combination and inspected the vacant home. The lender may also contact the In-Plant Primary Inspection Agency or the manufacturer for the HUD Data Plate information. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 7.36

Appraisal 80

Appraisal Design Contracts Inspection 80

Eppraisal

SEPTEMBER 7, 2022

The inventory of listed homes on the market has been historically low. They will not have to waive inspections and appraisals. Listing agents did not have to do as much to get a home under contract as they do in a more balanced market or in a buyer's market.

Real Estate 69

Real Estate Agents Real Estate Agent Marketing 69

Lamacchia Realty

JUNE 10, 2022

For the first time in years inventory is at the same level as the year prior as depicted in the chart above, and single families are higher as depicted in the chart below. Most homes sold within a few days in multiple offer situations which buyers had little leverage or room for contingencies or even home inspections!

Marketing 69

Marketing Sellers Buyers Inventory 69

Lamacchia Realty

DECEMBER 28, 2021

The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. Even though the inventory of homes for sale at any given time all year stayed lower than ever, it did not decrease sales overall. 2021 Recap. Yes, you read that correctly, worse. It is a real problem.

Sellers 74

Sellers Inventory Buyers Realtors 74