Genworth MI Blog

AUGUST 31, 2022

Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?

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Inspection Appraisal Marketing Appraisal Process 78

Housing Wire

JULY 8, 2024

If you have any questions about the paperwork or need help during the contract to close period, please save my number and reach out. Your sphere will always be your best source of business if you teach them how to refer you AND keep in touch with them. I sell a lot of properties in this area, so I’m always curious how the traffic is!

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Real Estate Business Agents Sellers 343

Raleigh Realty

MARCH 23, 2021

This process, which real estate agents refer to as “running comps,” involves finding homes that have closed in your area, looking at their size and sale price, and using that research to determine what your home should be listed for. For example, buyers may make an offer on your home that is contingent on your house passing a home inspection.

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Real Estate Agent Real Estate Realtors Contracts 133

Lamacchia Realty

JANUARY 18, 2022

Contingencies refer to unforeseen possibilities in the future that can affect the value of a home and the purchase process. Contracts written during the purchasing process often attempt to include all possible contingencies that may arise. This is all a part of the process to close on a home or finalize the sale.

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Inspection Sellers Buyers Realty 72

Padove Appraisal Service

JANUARY 11, 2019

A current program to eliminate use of appraisals in mortgage lending was introduced in 2016 by the Federal National Mortgage Association (FNMA, or commonly referred to as Fannie Mae). The current Fannie Mae program began on a limited basis for mortgage refinance transactions only, and under the name of Property Inspection Waiver (PIW).

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Appraisal Inspection Valuation Buyers 78

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

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Inspection Real Estate Agent Real Estate Insurance 384

McKissock

JULY 26, 2022

Timeliness and types of inspections. Regardless of the strengths and weaknesses of the competing offers, the seller can only negotiate one offer at a time until there is a binding contract. If you do not feel comfortable in this role, you may ask a buyer if they would like to be referred to another agent. Finally under contract.

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Real Estate Counter Offer Buyers Inspection 81

Housing Wire

NOVEMBER 30, 2023

You’ll also want a sponsoring real estate brokerage that offers administrative support, including inputting MLS information, helping with contract follow-up, and handling other office tasks. The following are forms of photo ID accepted for the exam: [8] Current state-issued driver’s license Current state-issued identification card U.S.

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Real Estate Real Estate Agent Brokerage Agents 360

McKissock

JULY 19, 2022

Hasty changes to terms and conditions of the housing contract. Sellers are often on a time crunch to get properties locked into a contract, which leaves little time to properly deal with the unexpected. Looks can be deceiving, so be sure to ask for the paperwork showing that routine inspections have been performed.

Real Estate 98

Real Estate Real Estate Agent Sellers Agents 98

McKissock

APRIL 23, 2021

Many excellent resources for real estate appraisers exist online, from educational websites to reference materials and market trend data. 5 Tips for Preparing for an Inspection of a Luxury Home (infographic). Appraising a luxury home can be stressful, so preparation is important before commencing with a luxury home inspection.

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Appraisal Inspection Real Estate Business 89

McKissock

JUNE 21, 2021

Contracts fall through. Inspections and appraisals come back with deal-breaking news. Studies have shown that the most loyal customers—the ones who will use you again or refer you to others—aren’t the ones who never experience problems. Even if a monster contract for you just fell through. Bad things happen.

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Clients Real Estate Contracts Business 98

McKissock

MARCH 29, 2022

Hear about PAREA, the new USPAP Reference Manual, as well as an update on current AQB and ASB activities. Desktop Property Inspections with RemoteVal. Are you interested in reliable, appraiser-centric technology that empowers you to complete thorough, compliant inspections without leaving your office?

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Appraisal Inspection Real Estate Technology 78

The Robert Weiler Company

MAY 14, 2021

The following guide walks readers through all the definitional terms involved in the estate planning and real estate appraisal process (also referred to as an appraisal for estate planning purposes) and how best to prepare when, eventually, we will all boldly leave this Earth. How Are Real Estate Appraisals Related to Estate Planning?

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Real Estate Appraisal Legal Valuation 133

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.

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Appraisal Training Inspection Real Estate 87

Lamacchia Realty

MAY 18, 2021

This means negotiating the terms of contracts, closing costs, home inspections, and so much more. Review References. When you go to an interview, your potential employer asks for references from past jobs to get a better idea of what they can expect if they hire you. Find Someone You Feel Comfortable With.

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Real Estate Agent Real Estate Agents Realty 53

Appraisal Today

JANUARY 26, 2024

Personal Inspection I recently completed an appraisal on a residential dwelling for Lender A that sells loans to Fannie Mae and Freddie Mac and the report was completed on a GSE form. Lender B indicated there wasno need for me to re-inspect the home, since my previous inspection date was only a few days earlier. percent from 6.75

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Appraisal Contracts Mortgage Inspection 85

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = USPAP does not require use of the specific term “personal inspection”. Answer: No.

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Appraisal Inspection Modernization Business 69

Birmingham Appraisal

FEBRUARY 28, 2023

These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price. Mistakes To Avoid 1) Failing to Prepare the Property One of the most common mistakes that sellers make is failing to prepare the property for the appraisal inspection.

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Sellers Real Estate Appraisal Appraisal Process 85

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. Filling out a permit typically involves fees.

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Renovations Inspection Tools Insurance 78

Boston Appraisal

DECEMBER 11, 2023

For example, you can provide a copy of the sales contract, a list of recent improvements and their costs, a survey or plat map, a floor plan, deeds, a title report, or a homeowner association’s agreement. You can also point out any unique or relevant features of the property, such as a view, a pool, a fireplace, or a solar panel system.

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Appraisal Process Real Estate Appraisal Easement 78

Appraisal Today

OCTOBER 6, 2023

All Advisory Opinions, Frequently Asked Questions and the recently launched Reference Manual will now be part of a standalone publication called the 2024 USPAP Guidance and Reference Manual. You can also purchase a linked digital version of the eUSPAP and Guidance and Reference Manual and get seamless access across both documents.

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Appraisal Contracts Real Estate Mortgage 78

Appraisal Today

AUGUST 18, 2023

Integrated commentary Gone are the days of vague references to some addendum page that the reader has to hunt down. Appraisers can provide their insights right next to the data, photos, maps, or figures it refers to. This was the same process many of us underwent with the exterior-only (drive-by) inspections. percent from 7.09

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Appraisal Contracts Inspection Real Estate 75

The Robert Weiler Company

MARCH 29, 2023

With regularly scheduled inspections, potential issues are discovered early on before it turns into an emergency. Also, you can sometimes obtain maintenance services at a discounted rate when the work is contracted through the property management company. Can you provide any references? Reduce legal concerns.

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Property Management Tenants Real Estate Investors 78

Eppraisal

DECEMBER 20, 2022

The Multiple Listing Service Most real estate agents are members of a local listing service referred to as the multiple listing service (MLS). Be prepared to negotiate with the sellers to make the final contract a win-win. Signed and Delivered After you and the sellers come to an agreement on all terms, you will all sign the contract.

Real Estate 36

Real Estate Buyers Inspection Real Estate Agent 36

Raleigh Realty

MAY 3, 2021

Keep Your Credit Utilization Low Credit utilization refers to how much of your credit card limits you're spending. If you are wondering if a home inspection is worth the cost, the answer is. Hiring a real estate agent gives you a knowledgeable professional who knows how to read contracts. They can gauge market conditions, too.

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Real Estate Agent Real Estate Inspection Insurance 78

The Robert Weiler Company

APRIL 15, 2022

A more established company might choose a commercial space to lease because the contract offers more security over the long term. A commercial lease is a legally binding contract that details the relationship between a tenant and a landlord. Inspect all neighborhoods and speak with other property owners.

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Tenants Landlords Property Taxes Real Estate 144

Appraisal Today

MARCH 8, 2024

By Peter Christensen Excerpts: Should “property data collectors” who inspect properties and provide information to real estate appraisers be licensed by state appraiser boards? The present bill also refers to requirements for data collectors established by the Appraiser Qualifications Board, which do not exist. percent from 7.04

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Appraisal Contracts Real Estate Housing Market 82

Raleigh Realty

AUGUST 27, 2021

When you are referred to a certain agent, it is still a good idea to conduct your own interviews with this person to make sure they are actually a good fit before signing an agency agreement. Inspection - Why do we conduct a home inspection once you have made an offer on a home? What Are My Total Costs?

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Real Estate Agent HOA Real Estate Agents 78

Eppraisal

DECEMBER 23, 2022

If a buyer calls you directly or knocks on your door, refer them to your listing agent. Inspection Period After the contract is signed and delivered to all parties, it becomes a fully executed contract. The contract allows the buyer a certain number of days to have home inspections performed.

Real Estate 36

Real Estate Sellers Inspection Contracts 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. Earnest money is sometimes referred to as a "good-faith" deposit. 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

PennyMac

AUGUST 31, 2024

In real estate, "closing" refers to the final step in the home-buying process. The price is formally documented in the purchase agreement, a legally binding contract that outlines the terms of the transaction. Home Inspection The home inspection helps identify any potential property issues. Congratulations!

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Inspection Real Estate Agent Sellers 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. Property inspection date. Effective date.

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Reconsideration of Value Appraisal Inspection Advertising 52

Realvals

JULY 29, 2022

Page one contains the subject, contract, neighborhood, site, and improvement sections. Page One – Contract. The contract section is only used when the purpose of the appraisal is for a purchase. If it is an irregular-shaped lot, the dimensions section will often say something like “Refer to Plat Map.”.

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Appraisal HOA Contracts Clients 78

Raleigh Realty

MARCH 29, 2021

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. Refinancing refers to when a homeowner replaces the current loan package with a new one. Due diligence stretches from the time you sign a contract to closing. Also, ask about issues like lead paint.

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Government Real Estate Agent Insurance Property Taxes 148

Zillow

MAY 8, 2017

Bring in a home inspector Once you've made a verbal agreement to buy the house and are waiting for the contract to be drawn up, you'll want to hire a home inspector. Your broker can refer you to an inspector, but it's important that this person not be biased, as you'll need an objective opinion.

Renovations 36

Renovations Inspection Real Estate Buyers 36

Property Metrics

AUGUST 13, 2020

Macroeconomic risk refers to how broad, national level economic activity impacts property cash flows and valuation. Legislative or regulatory risk refers to any change in regulations or law that can impact real estate owners or tenants. Space market risk refers to the probability that those expectations are incorrect.

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Real Estate Tenants Investing Construction 53

San Jose Real Estate

SEPTEMBER 19, 2024

As of August 2024, the responsibility to pay the buyer’s representative is now negotiated between the buyers and their agent, and the buy-side commission has become another who-pays-what term in the purchase contract. Some companies and associations of Realtors may have or create their own forms for this purpose.

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Real Estate Contracts Sellers Open Houses 36