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. A percentage lease is typically only used for retail space for lease. Percentage Lease.

Tenants 144

Tenants Landlords Property Taxes Real Estate 144

Appraisal Hub

FEBRUARY 15, 2024

Commercial Appraisals, on the other hand, delve into properties used for business purposes, including office buildings, retail shops, industrial sites, farm, and apartment complexes with five or more units. For commercial properties, this also involves analyzing the business environment and potential for income generation.

Real Estate 78

Real Estate Appraisal Inspection Appraisal Process 78

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

Appraisal 94

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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.

Appraisal 77

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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 average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) remained unchanged at 7.02 percent, with points increasing to 0.63 percent from 6.98

Appraisal 68

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Appraisal Today

AUGUST 18, 2023

This was the same process many of us underwent with the exterior-only (drive-by) inspections. Over time, we became accustomed to these assignments and agreed to perform them when we felt that a limited scope of work (an exterior inspection only) could still produce a credible appraisal. percent from 7.09 percent from 7.04

Appraisal 83

Appraisal Contracts Inspection Real Estate 83

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. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.01 Nationwide, Realtor.com® percent from 0.5

Appraisal 86

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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

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

OCTOBER 15, 2021

retail and restaurant headquarters, but the Columbus, OH real estate and job markets have seen remarkable growth, too. Another mistake – perhaps one of the more obvious (and, consequently, most detrimental) mistakes – is contracting the commercial property for sale in your personal name. Skimping out of the physical inspection.

Investing 138

Investing Real Estate Tenants Investors 138

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. Is there a fee for early termination of the property manager company contract?

Property Management 78

Property Management Tenants Real Estate Investors 78

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 average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 7.02 percent from 7.04

Appraisal 90

Appraisal Contracts Real Estate Housing Market 90

Appraisal Today

DECEMBER 1, 2023

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.37 The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $726,200) increased to 7.54 The average contract interest rate for 5/1 ARMs decreased to 6.59

Appraisal 95

Appraisal Business Contracts Technology 95

Appraisal Today

OCTOBER 6, 2023

Fannie Mae sees the appraisal process as “inspection + value.” The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.53 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.29 percent from 7.41

Appraisal 86

Appraisal Contracts Real Estate Mortgage 86

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 65

Appraisal Contracts Architecture Market Value 65

The Robert Weiler Company

NOVEMBER 10, 2021

If you plan to buy commercial real estate in Ohio or beyond, you must have access to a roster of current tenants, service contracts, and maintenance records. As you may remember, the young Jedi-to-be is seen inspecting with dismay his recently chartered flight, the Millennium Falcon, for a speedy trip to the planet Alderaan.

Real Estate 78

Real Estate Retail Investing Tenants 78

Appraisal Today

MAY 26, 2023

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.

Easement 52

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Appraisal Today

NOVEMBER 17, 2023

There have been many times there were homeowners that were hostile toward me because they were unaware that I was black, until I showed up for the inspection. I would always finish the inspection and never be rude to them. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA remained unchanged at 7.36

Appraisal 78

Appraisal Modernization Training Business 78

Appraisal Today

OCTOBER 13, 2023

Revising the definition of personal inspection For purposes of clarification, the ASB revised the definition of personal inspection to read, in part: “(for an appraisal assignment) the appraiser’s in-person observation of the subject property performed as part of the scope of work…” There are three key elements to this definition.

Appraisal 89

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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.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

Appraisal Today

AUGUST 16, 2024

During a condo appraisal, it’s essential that you document any special assessments or significant deferred maintenance known or visible at the time of inspection that could impact the safety, soundness, marketability, and the overall financial stability of the project. The average contract interest rate for 5/1 ARMs increased to 6.04

Appraisal 78

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Appraisal Today

JULY 19, 2024

During the home inspection, several issues were flagged. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.87 The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $766,550) decreased to 7.07

Appraisal 87

Appraisal Insurance Contracts Business 87

Appraisal Today

MARCH 31, 2023

First, “third party” inspections. And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. Secondly, the 3rd party inspection is sent to a licensed appraiser. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.56

Appraisal 52

Appraisal Inspection Contracts Clients 52

Appraisal Today

SEPTEMBER 13, 2024

My advice: Always check what plan and updates were actually built when doing final inspection. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.29 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.24

Construction 79

Construction Appraisal Contracts Mortgage 79

Appraisal Today

OCTOBER 11, 2024

Some negative outcomes may include: Limitation of investigative property inspection, work scope, anomalies, and interaction with the lender client when unique situations arise. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.36 percent from 6.14

Appraisal 83

Appraisal Insurance Contracts Valuation 83

Appraisal Today

JANUARY 20, 2023

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. Fee Appraisers will be gone in 5 years being relegated to measuring houses, property inspection, and basic condition reporting. Could a seller credit damage the chance of appraising at the purchase contract? It sounds a bit suspect, right?

Appraisal 52

Appraisal Contracts Sellers Business 52

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.49 The average contract interest rate for 5/1 ARMs decreased to 5.48

Appraisal 89

Appraisal Agents Real Estate Real Estate Agent 89

The Robert Weiler Company

NOVEMBER 9, 2022

Once you have finalized your Columbus, Ohio property search with a property you’re interested in, there are key areas to inspect; look for damp spots and mold, and check out the woodwork, roofing, ceilings, doors, windows, cupboards, electric, plumbing, and heating. billion of new commercial real estate construction contracts in 2021.

Transportation 78

Transportation Real Estate Supply Chain Investing 78

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. ==. No inspections or appraisals? USPAP and the Contract. Excerpt: But USPAP and the contract have a very unique relationship. My Comments on Market Changes.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. This is the future of GSE using appraisers. percent from 6.50

Appraisal 52

Appraisal Architecture Business Contracts 52

Appraisal Today

APRIL 7, 2023

AMCs Assuring that the appraiser has the correct contact information for an inspection is very important. There have been numerous instances in which I have not been able to get ahold of a contact for an inspection only to find out weeks later that the AMC gave me the wrong contact information. percent from 6.45 percent from 6.27

Appraisal 52

Appraisal Property Taxes Reconsideration of Value Contracts 52

Appraisal Today

SEPTEMBER 30, 2022

As it turns out, both the appraiser and the home inspector had each independently inspected the home 18 months prior and both mistakenly reported a few of the smoke alarms present at the home, as CO detectors. I request any reports, such as termite or home inspection, even old reports, but rarely get them. I never use the terms.

Appraisal 52

Appraisal Inspection Easement Contracts 52

Appraisal Today

FEBRUARY 2, 2024

A redesigned, dynamic URAR will replace the numerous and separate appraisal forms and can be used for different property types, such as two-to-four units, condominiums, and manufactured homes, and for different scopes of work, such as interior and exterior inspections, updates, and completion assignments. percent, with points increasing to 0.65

Appraisal 74

Appraisal Contracts Training Real Estate 74

Property Metrics

AUGUST 13, 2020

What is a prime location for office and retail space today may be empty 20 years from now. If corporations suddenly start allowing a large percentage of workers to engage in remote working contracts, the market demand for office space will dramatically decrease from previous forecasts.

Real Estate 53

Real Estate Tenants Investing Construction 53

Appraisal Today

OCTOBER 7, 2022

Other risks include getting injured during an inspection, plus the risks we all have of a serious medical problem. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.75 The average contract interest rate for 15-year fixed-rate mortgages increased to 5.96

Appraisal 52

Appraisal Contracts Architecture Housing Market 52

Appraisal Today

APRIL 28, 2023

You can always do desktops and inspections for low fees and fast turn times, of course. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.55 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.41

Appraisal 52

Appraisal Business Real Estate Contracts 52

Appraisal Today

APRIL 14, 2023

Or desktop appraisals and inspection only. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.30 The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $726,200) decreased to 6.26 Diversify!!

Appraisal 52

Appraisal Bracketing Valuation Contracts 52