Housing Wire

JULY 12, 2022

Its appraisal modernization pilot, which used hybrid appraisals, showed an 18% point reduction in confirmation bias compared with traditional appraisals, which rely on human observations and, as such, potentially could be riddled with overt or subconscious bias. The seller accepts it; they go into contract. An offer comes in at 5 p.m.

Appraisal 435

Appraisal Inspection Real Estate Agent Training 435

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. Lenders began to define the “trust model” of standards, contracts and shared services necessary to achieve cross industry interoperability.

Supply Chain 370

Supply Chain Real Estate Architecture Brokerage 370

Housing Wire

DECEMBER 20, 2021

The recent experience with state distribution of rental assistance and unemployment insurance is perhaps a preview of the challenges ahead. States, overwhelmed with claims and understaffed, also had problems paying unemployment insurance. Up to the task? 15 for state assistance have been paid to claimants.

Mortgage 417

Mortgage Government Contracts Insurance 417

Appraisal Today

NOVEMBER 8, 2024

Think of the new URAR like upgrading from a basic flip phone to a modern smartphone. Built in 1914, the Cape Cod mansion has been thoughtfully modernized over the years to retain its historic integrity. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.81

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Appraisal Contracts Modernization Clients 82

Appraisal Today

JANUARY 31, 2025

In the Oakland CA firestorm in 2021, many of the homes had reproduction replacement in their insurance policies. The home owners with reproduction costs got very large payments from their insurance companies. The insurance companies learned their mistake and never offered reproduction again. percent, with points increasing to 0.63

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Appraisal Contracts Real Estate Insurance 68

Lamacchia Realty

OCTOBER 6, 2021

However, the general rule of thumb is that it needs to be replaced in 60 days to obtain home insurance. No home insurance, no mortgage. Getting Insurance for a Home with Knob and Tube Wiring. Obtaining insurance for a home with knob and tube wiring comes with a specific set of requirements.

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Insurance Inspection Buyers Modernization 74

Appraisal Today

MAY 31, 2024

NOTE: Please scroll down to read the other topics in this long blog post on HUD bias Complaints, E&O insurance, home fire insurance, unusual homes, mortgage origination stats, etc = Can Fresh Staging and a Big Price Drop Help Sell This Grand Mansion in Lake Forest, Illinois? Excerpts: 7 bedrooms, 8.5+ baths, 15,000 sq.ft.,

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Appraisal Insurance Contracts Architecture 72

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ Risk to Home Values.

Insurance 88

Insurance Appraisal Contracts Mortgage 88

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. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

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Appraisal Inspection Modernization Business 77

Appraisal Today

FEBRUARY 9, 2024

An Inside Look at E&O By Peter Christensen Excerpts: There is no law requiring that real estate appraisers must have professional liability insurance – or E&O insurance as it is often called – except in one state. Common fears are that their insurer will increase their premium or decline to renew their policy.

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Appraisal Contracts Insurance Construction 89

Appraisal Today

NOVEMBER 24, 2023

Click here E&O Insurance Tips Many appraisers are very slow now. Unfortunately, very few appraisers who are leaving the business get “tail coverage” They just let their insurance lapse. This means that they are self-insuring for all possible claims for appraisals done before they discontinued paying for insurance.

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Appraisal Mortgage Business Contracts 83

The Robert Weiler Company

MARCH 29, 2023

Also, you can sometimes obtain maintenance services at a discounted rate when the work is contracted through the property management company. Some property managers are more adept than others in using modern technology and keeping their finger on the pulse of the industry. Reduce legal concerns. What is their pricing breakdown?

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Property Management Tenants Real Estate Investors 78

Appraisal Today

OCTOBER 13, 2023

Fixed costs of appraising MLS, forms software, E&O insurance, auto expenses, state license, CE, association dues, etc., It’s quite amazing how the midcentury modern style has endured, persisted, and reemerged. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.40 can add up.

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Appraisal Law Contracts Business 89

Appraisal Today

JUNE 16, 2023

Notably, there’s no explicit rulemaking within the text of the guidance, which is being proposed by the Consumer Financial Protection Bureau (CFPB), the Federal Reserve, the Federal Deposit Insurance Corp. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.77

Appraisal 83

Appraisal Contracts Design Retail 83

Appraisal Today

SEPTEMBER 13, 2024

OPTION #1: Ignore the call or letter OPTION #2: Handle the situation on your own OPTION #3: Contact your E&O insurer for advice and guidance Neither Option #1 nor Option #2 is a good approach to take in this situation. You would have to disclose any claim on your next renewal application, so your insurer is going to find out about it.

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Construction Appraisal Contracts Mortgage 79

Appraisal Today

AUGUST 18, 2023

With the GSE appraisal modernization program, appraisers will more likely be asked to complete desktop or hybrid appraisal assignments in the future. Confirm that you are covered by your appraisal E&O insurance policy for hybrid and desktop appraisals. The average contract interest rate for 5/1 ARMs decreased to 6.20

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Appraisal Contracts Inspection Real Estate 83

Appraisal Today

OCTOBER 14, 2022

Lenders want fire insurance for all mortgage loans. What if there is no insurance available, very limited coverage, or only very expensive insurance? Or insurance problems for flooding, hurricanes, or other natural disasters. For example, Florida homeowners have had many problems getting flood insurance.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B Some appraisers feel that lenders should not provide them with the purchase and sale contract.

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

FEBRUARY 16, 2024

However, due to the limited funds available through his insurance policy, which only covers $100,000, Mr. Lanham is seeking to raise an additional $50,000 through a GoFundMe campaign. acre lot A unique home with modern architectural features seldom seen in a suburban setting. baths, 2,973 sq.ft., built in 1971, 0.34 percent from 6.80

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Appraisal Contracts Training Architecture 89

Appraisal Today

OCTOBER 21, 2022

It’s a modern Cape with two bedrooms upstairs and two downstairs,” Maiser says. Check with your E&O insurance company to see if they offer tail coverage and what the requirements are. Some E&O Insurance companies offer free tail coverage with certain criteria, For example: Must be appraising for at least 20 years.

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Appraisal Marketing Contracts Insurance 52

Appraisal Today

APRIL 21, 2023

2 Lenders require appraisers to carry E&O insurance because they routinely seek to hold appraisers responsible for loan losses. Despite the fresh coat of paint and a small but modernized kitchen and bath, the home retains many of its original features, including the loft bedroom, where the school’s headmistress once slept.

Appraisal 52

Appraisal Contracts Modernization Mortgage 52

Appraisal Today

FEBRUARY 14, 2025

—————————————————————————————- $4 Million Midcentury Modern Casita Complete With a Wacky Circular Kitchen in Rancho Mirage, CA Excerpts: 4 bedrooms, 5.5 Not insanity.

Appraisal 52

Appraisal Technology Contracts Mortgage 52

Appraisal Today

SEPTEMBER 17, 2022

Catskills Modern: ‘Sleeve House’ Highlighted by Charred Wood Exterior. Excerpts: An extremely modern home with an equally dark exterior is now available in Ancram, NY. Many homes were re-zoned a few years ago and needed flood insurance. Earthquake insurance is available but expensive. percent from 5.94 percent from 5.46

Appraisal 52

Appraisal Construction Contracts Insurance 52

Listing Spark

SEPTEMBER 16, 2024

Residential Sales Contract The Residential Sales Contract is the binding agreement that outlines the terms and conditions of your home sale, serving as the legal foundation for the transaction. The Texas Real Estate Commission (TREC) provides standardized contract forms for residential sales.

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Realtors Legal Property Taxes Sellers 36

The Robert Weiler Company

JULY 4, 2022

Some of the tips you’ll find include marketing for available rental spaces, increasing curb appeal, and updating the apartment building and rental space for lease to include modern features and amenities sought by today’s renters. This book helps you cover your legal bases!

Property Management 78

Property Management Tenants Landlords Legal 78

Appraisal Today

SEPTEMBER 23, 2022

Insurance companies. House Passes VA Appraisal Modernization Legislation. This legislation is an important first step towards broad modernization of VA appraisal processes and could make veterans’ home purchase offers more viable in today’s competitive housing market. Done for divorce and sometimes for estates.

Appraisal 52

Appraisal Marketing Business Appraisal Process 52

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. Historic Homes and Modern Insurance Spectacular Renovations: Old Homes With Timeless Appeal Originally published on June 21, 2016

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Renovations Inspection Real Estate Buyers 36

Listing Spark

AUGUST 22, 2024

Modern homebuyers are increasingly seeking turnkey properties or homes that require minimal updates. You might hire a real estate attorney to review contracts and handle closing documents, which can cost between $500 and $1,500. Escrow fees generally run between $500 and $2,000. This service can cost anywhere from $200 to $400.

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Real Estate Agent Real Estate Renovations Agents 36

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. Not only that, but you want those transit links to be modern, well funded, and in high use. If it seems as if you’re over-leveraged you won’t get the loan.

Real Estate 78

Real Estate Retail Investing Tenants 78

Clear Capital

SEPTEMBER 29, 2021

It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers. The lender says the home’s worth $335,000, you’re at contract at $350,000. Kenon Chen. It’s all for the podcast, everything we do. Jeff Allen.

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Sellers Agents Real Estate Appraisal 69

Appraisal Today

NOVEMBER 20, 2022

This week I had a long conversation with a local agent about an insurance office converted to a home near where I live. Every detail of the newly constructed interior was carefully thought out to maintain the unique cylindrical structure while adding a modern, minimalistic feel. How often do you speak with local real estate agents?

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

Listing Spark

JULY 15, 2024

With modern technology, you can find a single platform that goes beyond flat-fee listing and helps you with all the details of selling your home on your own. An agent manages preparing and reviewing contracts, disclosures, title documents, and other transaction-related paperwork. Preparing and selling your home is a complex process.

Open Houses 36

Open Houses Real Estate Tools Agents 36

Housing Wire

DECEMBER 7, 2023

24, 2023, Qualia informed Stewart that in an effort to “modernize” the “old legacy contracts” Adeptive had entered, it would be terminating the ResWare licensing agreement Stewart had entered with Adeptive on Jan. The firm estimates that roughly 4,000 Stewart employees use the software on a daily basis.

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Modernization Business Contracts Design 434

Will Springer Realtor

OCTOBER 11, 2023

The biggest areas where these costs have risen are building management fees (92% of survey respondents), insurance (91%) and maintenance (85%). ———– Queen Anne has a new neighbor that blends elements of the past with modern design. Check out this fully updated mid-century modern West of Market home in Kirkland.

Law 36

Law Development Design Government 36

Will Springer Realtor

MAY 12, 2021

An insurance company offered a good example of just how bad it has gotten. This caused a good deal of uncertainty for all of us, including those new condo owners, many of whom attempted to back out of their contracts, put just-purchased homes on the market or listed them for rent. of all homes that are categorized as a second home. >>

Real Estate 36

Real Estate Inventory Buyers Construction 36

Appraisal Buzz

AUGUST 6, 2024

Insurance as a Factor “Ballooning insurance costs and intensifying natural disasters are driving thousands of Americans out of risky areas, but those people are quickly being replaced by other people for whom climate change isn’t the top concern,” said Redfin Senior Economist Elijah de la Campa. “For Miami bucks the trend.

Insurance 243

Insurance HOA Real Estate Agent Agents 243

Will Springer Realtor

AUGUST 9, 2022

Insurers are increasingly exposed to the climate crisis and are currently under-charging premiums by about 58% to at-risk property owners, the report states. or 4% of the population – live in high-flood-risk areas, but FEMA maps used by the insurance industry are often out of date, including 11% of them last updated in the 1970s and ‘80s.

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Inventory Buyers New Listings Construction 36