Housing Wire

JULY 10, 2024

Market Inventory: What is the current market and micro-market inventory? Understanding the type of market you’re in and the current inventory are significant pieces of information that can help you determine the selling price of a property. Balanced Market – Six months of housing inventory in the area.

Sellers 435

Sellers Real Estate Agents Clients 435

Housing Wire

DECEMBER 21, 2023

My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. This product allows a homebuyer to purchase a fixer-upper and finance the purchase and renovation in one loan based on the expected appraised value of the home after improvements. Who is eligible?

Mortgage 468

Mortgage Renovations Appraisal Process Finance 468

Appraisal Buzz

AUGUST 5, 2024

During the second quarter of 2024, the demand for distressed properties at auction displayed strong performance initially but showed signs of decline in June, even as the supply of available auction properties continued to contract, according to Auction.com’s latest Auction Market Dispatch report. “The

Retail 273

Retail Renovations Inventory Contracts 273

Housing Wire

APRIL 9, 2021

Using another new tool, called “Raveis Refresh,” WRRE prepares the home for sale by making any necessary upgrades and renovations to maximize the home’s value and ensure that it sells above market average and quickly. WRRE has offers under contract plus more in the pipeline. billion in closed sales volume in 2020.

Brokerage 435

Brokerage Real Estate Clients Insurance 435

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

I have read some comments in the MLS, that state that a home had been completely renovated. However, when I looked at the photos, the home may have not been renovated. Perhaps it was updated nicely, but not to the degree of a full renovation. What should appraisers look for in a sales contract? – APPRAISAL TODAY.

Agents 378

Agents Appraisal Renovations Development 378

Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. There is a lot of demand out there, with very little inventory. It may be due to inventory levels continuing to drop. It is free to visit.

Housing Market 368

Housing Market Marketing Reconsideration of Value Contracts 368

Housing Wire

MAY 20, 2022

Today, homes are selling faster than usual because of the shortage of inventory and high buyer demand. If your home is more of an investment home, investors often want a home already outfitted with tenants or an underpriced home, so there’s room in the pricing to cover the cost of renovations. How Long Does It Take to Sell a House?

Real Estate Agent 435

Real Estate Agent Tenants Real Estate Agents 435

Housing Wire

MARCH 28, 2025

The market trend evaluation tool tracks price changes and inventory levels while comparing it to buyer demand, allowing the user to gain insights into a property’s investment potential. Calculators: Estimate renovation and dwelling additions costs to assist in budget and investment strategies.

Real Estate 344

Real Estate Tools Real Estate Agent Sellers 344

Cleveland Appraisal Blog

MARCH 25, 2023

Having had our kitchen gutted and remodeled a couple of years ago, I can honestly say that I had not thought about this question before our renovation. Also, if you are planning on doing a complete gut renovation of your kitchen, it is best to go for a larger dumpster, as the amount of debris generated will be significant.

Supply Chain 285

Supply Chain Appraisal Renovations Market Value 285

Empire Appraisal Group

OCTOBER 17, 2024

By Spiderstock/Getty Images Source: [link] Costly Home Renovation Mistakes to Avoid By Courtney Klosterman While rewarding, home renovations can be time consuming, costly and frustrating. But renovating can be tricky even for homeowners with experience let alone someone without that technical knowledge.

Renovations 78

Renovations Inspection Tools Insurance 78

Appraisal Today

NOVEMBER 1, 2024

A homeowner may have invested heavily in a kitchen renovation, but it is the appraiser’s responsibility to carefully consider factors such as conformity, local market preferences, and house style and price range when valuing the subject property. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.27

Appraisal 91

Appraisal Training Contracts Mortgage 91

Realtor

APRIL 14, 2021

” The changes in everyday life due to the pandemic have placed a greater emphasis on the value of a home, says Rick Rudman , CEO at Curbio, a home renovation technology company. This can be attributed to low mortgage rates and low inventory creating strong demand from buyers. Prepare for bidding wars ahead of time.

Mortgage 155

Mortgage Real Estate Agent Real Estate Buyers 155

Cornerstone

MAY 4, 2021

But before you sign any contracts, keep in mind that there’s something unique going on in today’s housing market. Many more homebuyers are competing for available houses, and renovations might not be as necessary as they were to sell competitively just a few years ago. Keep 2 things in mind if you’re planning to sell this season.

Renovations 43

Renovations Home Improvement Loan Officers Real Estate Agent 43

Inman

FEBRUARY 13, 2025

million and went under contract a short week later. The 2,385-square-foot home, set on 1.1 acres, may not look like a luxury property at first glance, but its soaring sale price tells a different story. The estate, located at 284 Forest Drive South, hit the market on Dec.

Luxury Properties 99

Luxury Properties Contracts Marketing Renovations 99

Appraisal Today

MAY 17, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M I’m always looking for something new = What Impact Do Renovations Have on Appraisal Value?

Tools 71

Tools Appraisal Renovations Design 71

Birmingham Appraisal

JULY 7, 2022

If the factors that affect this change are not taken into consideration when pricing a home for sale then the appraisal and the contract price may not line up. 6 Reasons Your Home’s Appraisal Value May Come In Lower Than The Contract Price In Today’s Market. Because of the lack of inventory sales volume has been down.

Appraisal 70

Appraisal Marketing Contracts Buyers 70

Realtor

APRIL 14, 2021

” The changes in everyday life due to the pandemic have placed a greater emphasis on the value of a home, says Rick Rudman , CEO at Curbio, a home renovation technology company. This can be attributed to low mortgage rates and low inventory creating strong demand from buyers. Prepare for bidding wars ahead of time.

Mortgage 78

Mortgage Real Estate Agent Real Estate Buyers 78

Cornerstone

JULY 1, 2021

Here’s an overview of why selling your house now may be optimal: Because inventory is so tight and demand is so high, buyers are competing for limited listings as homes fly off the market. Housing inventory still sits far below the six-month supply threshold required to uphold a healthy market.*

Sellers 64

Sellers Buyers Real Estate Agent Inventory 64

Lamacchia Realty

FEBRUARY 22, 2023

Most will either renovate or expand their homes rather than sell. Average prices have increased slightly year over year as predicted even with increased mortgage rates and increased inventory (i.e., 2023: 987 2022: 1,096 2021: 1,359 Pending Home Sales: The number of homes placed under contract is down by 5.4%

Real Estate 74

Real Estate Sellers Contracts Buyers 74

PennyMac

DECEMBER 22, 2020

Some homebuyers are intimidated by foreclosed and bank-owned homes because they often require more renovations — and a different type of negotiation — than other options on the market. During the appraisal, a licensed appraiser will take inventory of major systems (i.e., 10 Steps to Buying REO Properties.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Appraisal Today

APRIL 5, 2024

Appraisers must consider regional economic conditions, inventory levels, and buyer sentiment when evaluating properties. Construction and Inventory Trends: With new construction activity surging and a notable increase in permits, there is an impending shift in market supply. percent from 6.93 percent, with points decreasing to 0.59

Appraisal 86

Appraisal Contracts Business Construction 86

Appraisal Today

FEBRUARY 16, 2024

This totally renovated 5 bedroom home is tucked in the woods on a secluded cul-de-sac. Purchase applications remained subdued as elevated rates continue to add to affordability challenges along with still-low existing housing inventory. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.53

Appraisal 89

Appraisal Contracts Training Architecture 89

Birmingham Appraisal

SEPTEMBER 3, 2024

Remember, the goal is to price the home so it will appraise at or near the contract price, minimizing the risk of a low appraisal. Additionally, if a home is priced too high for the current market conditions, it may not appraise for the contract price , causing issues with financing and potentially derailing the sale.

Appraisal 52

Appraisal Sellers Real Estate Market Value 52

Appraisal Today

SEPTEMBER 29, 2023

After a painstaking renovation of the 13,872-square-foot property, they moved in in 2012. The purchase market, which is still facing limited for-sale inventory and eroded purchasing power, saw applications down over the week and 27 percent behind last year’s pace. The average contract interest rate for 5/1 ARMs increased to 6.47

Insurance 88

Insurance Appraisal Contracts Mortgage 88

Appraisal Today

MAY 26, 2023

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. Some appraisers feel that lenders should not provide them with the purchase and sale contract. Then that contract does not serve to color, cloud, or otherwise bias a value opinion. We all know this is true. percent from 6.57

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

JULY 7, 2023

Despite the home’s age, it isn’t a money pit or desperate for a renovation. However, the “mortgage lock-in” phenomenon—where homeowners are reluctant to sell after buying or refinancing at lower rates before 2022—could limit future sales and inventories. The average contract interest rate for 5/1 ARMs decreased to 6.00

Appraisal 85

Appraisal Real Estate Contracts Mortgage 85

Appraisal Today

JULY 29, 2022

The three-year renovation was completed in 2019, including a new roof, windows, landscaping, and updated plumbing, HVAC, and electrical. We’ve seen a massive change in housing inventory. This is actually about fewer buyers getting into contract. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.95

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Patch of Land

SEPTEMBER 14, 2018

Most of us likely think of fix-and-flips as investment deals that require renovation know-how or at least the ability to hire skilled contractors with that knowledge. You can bypass a key challenge that many current residential fix-and-flip investors face: dealing with a severe shortage of affordable inventory.

Renovations 28

Renovations Investors Real Estate Investing 28

Will Springer Realtor

DECEMBER 11, 2022

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. months of inventory. Inventories across the county for all home types now stand at 2.2

Inventory 36

Inventory Supply Chain Construction Buyers 36

Appraisal Today

APRIL 21, 2023

One-Room Schoolhouse in New Role as an Adorable Tiny Home Excerpts: The recently renovated schoolhouse was built in 1860 to serve the farming community of Elizaville, NY—a hamlet in the towns of Clermont and Gallatin, which still had fewer than 2,000 residents as of 2022. The average contract interest rate for 5/1 ARMs increased to 5.56

Appraisal 52

Appraisal Contracts Modernization Mortgage 52

Listing Spark

SEPTEMBER 27, 2023

You’re an advisor, a guide who manages the negotiations and technical contract elements of a real estate transaction while helping your clients steer their own buying and selling strategies. Your Clients Demand Near-Real-Time Market Insights In Texas especially, markets are in flux, and there remains a severe shortage of inventory.

Realtors 36

Realtors Investing Real Estate Investors 36

Will Springer Realtor

OCTOBER 8, 2021

The combination of buyers leaving the market, which brings down demand, and the slow but steady increase in new listings has beefed up inventory slightly month-to-month. Inventories improved fractionally. months of inventory across all homes in King County, up from 0.6 Eastside inventories are the lowest in the county, now at 0.4

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Housing Wire

APRIL 2, 2021

Sales in general are still high, per Redfin Chief Economist Daryl Fairweather — 59% of homes that went under contract in the current four-week period had an accepted offer within the first two weeks on the market — but the recent low numbers suggest some homebuyers have reached their limit on high home prices and bidding wars.

Contracts 501

Contracts Buyers Renovations Government 501

Will Springer Realtor

MAY 12, 2021

>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. Total inventories were little changed from March to April. existing home sales. month from 0.6,

Real Estate 36

Real Estate Inventory Buyers Construction 36

Quicken Loans

JUNE 10, 2021

While this could come down if more supply was put on the market, it’s also worth noting that prices have gotten high enough that some people think it will be cheaper to renovate, taking advantage of low interest rates to refinance. The number of homes under contract for sale in April was down 4.4% This just reinforces higher prices.

Real Estate 38

Real Estate Marketing Construction Clients 38

PennyMac

AUGUST 14, 2024

Flexibility in Moving: Typically, you'll have up to 60 days post-closing for moving, giving you ample time for packing, furnishing or even some renovations. Avoid Double Moving Costs: You can move directly into your new home, eliminating the need for multiple moves, renting storage spaces or finding temporary housing.

Real Estate Agent 47

Real Estate Agent HOA Finance Inspection 47

Will Springer Realtor

MAY 9, 2023

month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations. Why the desire to leave?

Real Estate 36

Real Estate Modernization Construction Supply Chain 36