Realtor

MAY 18, 2018

They may no longer be required to get formal property appraisals—a change that could save them hundreds of dollars and speed up the closing process. A little-known change in requirements last year from mortgage giants Fannie Mae and Freddie Mac has made these waivers for traditional, in-person appraisals available.

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Appraisal Inspection Buyers Valuation 78

Appraisal Today

SEPTEMBER 22, 2023

Most of the inspection training we receive as appraisers happens in the field. When I started in this business long ago, there was no such thing as a licensed appraiser or a certified real property appraiser. Home prices in many markets have been supported by low inventory and resilient housing demand for available homes.”

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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. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.16 The average contract interest rate for 15-year fixed-rate mortgages increased to 6.57

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Appraisal Contracts Inspection Real Estate 83

Appraisal Today

AUGUST 9, 2024

Understanding Market Value Market value is the most frequently sought value in real property appraisals and can have various definitions. Most often, it is defined as the most probable price a property should sell for under typical conditions. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.03

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Appraisal Today

DECEMBER 8, 2023

When to Get Property Appraised When Someone Dies? Excerpts: An appraisal can be useful in several ways. Sometimes the value of the asset is unknown, and an appraisal can help a family make decisions about the future. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.98

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Appraisal Real Estate Contracts Design 74

Appraisal Today

OCTOBER 11, 2024

The largest constraint for many prospective homebuyers over the past year had been the lack of inventory. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.36 The average contract interest rate for 15-year fixed-rate mortgages increased to 5.71

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Appraisal Insurance Contracts Valuation 83

Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” USPAP and the Contract. My Comments on Market Changes.

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Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

JUNE 23, 2023

The proposed rule’s safeguards are not a panacea, but represent a recognition of the risks posed by algorithmic appraisals. First-time homebuyers account for a large share of FHA purchase loans, and this increase is a sign that while buyer interest is there, activity continues to be constrained by low levels of affordable inventory.

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Appraisal Real Estate Valuation Contracts 93

Appraisal Today

NOVEMBER 29, 2024

With the growth in for-sale inventory and signs that the economy remains strong, buyers have remained in the market even though rates have increased recently. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.86 percent from 6.90 percent from 7.03

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Appraisal Today

DECEMBER 13, 2024

Unique Properties, Rocket Mortgage Sues HUD, Trump Shifts in Housing Market? December 13, 2024 Whats in This Newsletter (In Order, Scroll Down) LIA ad – Each appraisal is unique The Ultimate Guide to Unique Property Appraisals Americas Most Expensive Property Is Sitting in a Flood ZoneWill Anyone Buy the $295 Million Estate?

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Appraisal Contracts Real Estate Mortgage 86

Appraisal Today

FEBRUARY 7, 2025

Among other things, one of the executive orders terminates to the maximum extent allowed by law, all DEIoffices and positionsall equity action plans, equity actions, initiatives, or programs, equity-related grants or contracts; and all DEI or DEIA performance requirements for employees, contractors, or grantees. Who Could Possibly Want That?

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