Birmingham Appraisal

DECEMBER 17, 2024

Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations. I had the opportunity to discuss some common questions people have about the appraisal process with Massachusetts real estate agent Kevin Vitali.

Appraisal 76

Appraisal Easement Real Estate Agent Valuation 76

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

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

Real estate agents are typically the individuals who provide information in the MLS. 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. What should appraisers look for in a sales contract?

Agents 378

Agents Appraisal Renovations Development 378

Housing Wire

OCTOBER 23, 2024

Are there any improvements or renovations you’ve done to the home?” All the contracts, disclosures, and paperwork your lead will need to sign to hire you as their listing agent. She’s now the Lead Listing agent for the Fleet Homes team in Massachusetts and a regular contributor to Vetted by HousingWire.

Agents 435

Agents Real Estate Sellers Real Estate Agent 435

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical.

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

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. Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price.

Housing Market 368

Housing Market Marketing Reconsideration of Value Contracts 368

Appraisal Today

SEPTEMBER 6, 2024

Newz: Disturbing AMC Violations, Appraiser and Real Estate Agent Communication September 6, 2024 What’s in This Newsletter (In Order, Scroll Down) Top 10 Things Appraisers Wish Real Estate Agents Understood Divorce Appraisal Red Flags Carmel’s Iconic and Artistic ‘Owl House’ $3,750,000 Housing Market Update: August 2024 Please!

Real Estate Agent 88

Real Estate Agent Real Estate Appraisal Agents 88

McKissock

APRIL 28, 2021

As of 2020, a whopping 88% of home buyers relied on the help of a real estate agent to get them through the process. This trend has been on the rise since 2001 when only 69% of buyers used a real estate agent. . Add a home inspection contingency clause to the contract as well for further peace of mind. .

Real Estate Agent 87

Real Estate Agent Real Estate Buyers Agents 87

Birmingham Appraisal

JUNE 21, 2023

Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals. In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for real estate agents to navigate the appraisal process effectively.

Real Estate Agent 85

Real Estate Agent Real Estate Agents Appraisal 85

Birmingham Appraisal

DECEMBER 19, 2023

Tips To Make An Agent’s Life Easier The job of a real estate agent is extensive. There was a popular post that many agents were sharing on Facebook recently that listed all of the hats that an agent must wear. In this scenario, the home will probably sit on the market for an extended time.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Appraisal 78

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Talking to your real estate agent or appraiser is also helpful to get a professional’s point of view. I hope you find her article to be helpful!

Renovations 221

Renovations Buyers Appraisal Investing 221

Realtor

APRIL 14, 2021

But there are still many great opportunities if you’re patient and have a great real estate agent and lender.”. ” 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.

Mortgage 155

Mortgage Real Estate Agent Real Estate Buyers 155

Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? I will always remember when, many years ago, a top local real estate agent asked me why I was driving around taking photos of homes.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

JULY 29, 2022

57 Weird Real Estate Agent Photos. Excerpt: Yes, many great real estate photos really capture the house. More Terrible Real Estate Agent Photos for Appraisers. This is actually about fewer buyers getting into contract. Data for those fixer homes (contractor specials). percent from 5.82

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

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. Many people confuse us with real estate agents. Worth reading.

Appraisal 86

Appraisal Training Contracts Mortgage 86

The Robert Weiler Company

JUNE 17, 2022

The latter can be a lot cheaper but the amount of renovations required might end up costing you more in the long-run. Before hiring a property management company, make sure a contract is in place that covers all of your expectations. Plan your budget and understand your mortgage payments. Keep These Critical Tips in Mind.

Property Management 147

Property Management Renovations Real Estate Investing 147

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. Overselling a recently renovated area of the house. Real estate agent without a license. Loan fraud.

Real Estate 98

Real Estate Real Estate Agent Sellers Agents 98

Listing Spark

JANUARY 5, 2025

Unfortunately a contracts as-is clause can be confusing for some sellers. Some common types of homes that are often sold as-is include: Fixer-uppers : These homes require significant repairs and renovations to make them habitable. A buyer might check the box in the contract that says they are purchasing the home as-is.

Inspection 36

Inspection Sellers Real Estate Agent Contracts 36

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

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. The other party has no obligation to respond to you, but your real estate agent can reach out to learn their motivation for declining your proposal.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Raleigh Realty

JULY 31, 2022

This is one of the steps that happen after you go under contract and sometimes can happen prior to. At the end of this inspection period repairs, financial concessions, or other negotiations may occur before entering the final phase of the contract. Structural issues can generally be seen in the attic or crawlspace.

Inspection 148

Inspection Sellers Real Estate Agent Buyers 148

Birmingham Appraisal

NOVEMBER 20, 2024

Myth #3: The appraisal always comes in at the contract price I have heard this observation from others and would like to address it as a myth because it does not always happen. In a sales transaction, there is one additional piece of data and that is the contract price.

Real Estate 91

Real Estate Appraisal Inspection Contracts 91

Birmingham Appraisal

AUGUST 23, 2023

In the often chaotic world of real estate, the appraiser-agent relationship can contribute to a smoother process. When real estate agents and appraisers work together seamlessly, clients benefit from well-informed decisions, transactions become smoother, and professional relationships are strengthened.

Agents 91

Agents Appraisal Valuation Appraisal Process 91

D Fritz Appraisals

MARCH 16, 2021

It’s important to note that any undisclosed additions can cause a breach of conditions in your sale contract. The CMA (Comparative Market Analysis) from your Realtor – review this document to see if you know of any homes that were renovated after purchase.

Appraisal 132

Appraisal HOA Easement Valuation 132

Appraisal Partners Blog

FEBRUARY 18, 2025

Walk Away (Contingency): Most real estate contracts include an appraisal contingency. Highlighting recent improvements or renovations that weren’t fully considered. This requires having sufficient funds available. incorrect square footage, overlooked features). It is very hard to dispute and win.

Sellers 78

Sellers Buyers Appraisal Real Estate Agent 78

Realtor

DECEMBER 15, 2016

To do a home appraisal, an appraiser considers these main criteria: location, structural condition, additions or renovations, and recent sales of comparable homes, or comparable sales. Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

To do a home appraisal, an appraiser considers these main criteria: location, structural condition, additions or renovations, and recent sales of comparable homes, or comparable sales. Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

McKissock

OCTOBER 3, 2021

As a wholesaler, you need to find a property for sale, acquire a contract from the seller, identify a buyer, and assign the contract to him or her. FREE Guide : Learn how to earn more with our free Real Estate Agent Income Guide. Cheaper fixes translate into more profit for you after you sell the property.

Investing 87

Investing Real Estate Real Estate Agent Realtors 87

Raleigh Realty

MARCH 29, 2021

You want to choose the best price available Find an Agent Yes, it does cost money to hire a real estate agent. With an agent, you get a professional who knows the ropes. Ask around for recommendations so you get an experienced agent who puts you first. You'll need to do some renovations.

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Realtor

APRIL 14, 2021

But there are still many great opportunities if you’re patient and have a great real estate agent and lender.”. ” 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.

Mortgage 78

Mortgage Real Estate Agent Real Estate Buyers 78

Appraisal Today

APRIL 26, 2024

What should appraisers look for in a sales contract? NOTE: Please scroll down to read the other topics in this long blog post on agent concessions, History of appraisal bias back to 1930s, “one mile” rule and bias, unusual homes, mortgage origination stats, etc. You are “graded” on how close you come to the sales price.

Appraisal 80

Appraisal Real Estate Real Estate Agent Contracts 80

Birmingham Appraisal

MARCH 26, 2025

Pricing a listing correctly is one of the most critical skills a real estate agent can develop. To get it right, many agents rely on a Comparative Market Analysis (CMA), but appraisers take this process a step further by applying specific guidelines when selecting comps (appraisal comparable). What Makes a Good Comp?

Agents 58

Agents Appraisal Reconsideration of Value Real Estate Agent 58

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

But did you know there are a number of other reasons you should be contracting an appraiser to perform a professional valuation on your property? My experience in completing appraisals for properties that have been sold without the professional expertise of a real estate professional is that the selling price is often lower than the value.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

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 It’s important to understand the difference between updates and renovations.

Tools 67

Tools Appraisal Renovations Design 67

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. Real estate agent: A real estate agent will be able to find REO offerings from multiple lenders in your desired area.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Listing Spark

JULY 21, 2023

Without the right knowledge and expertise, you might find yourself with a property that has extensive foundation problems or a post-renovation value that doesn’t reach your break-even point. A popular consideration is getting a real estate license. While the average ROI of a flip was 51.4%

Real Estate 36

Real Estate Real Estate Agent Agents Investors 36

Cornerstone

JULY 1, 2021

It’s also the question most real estate agents and housing authorities are asking: “When will sellers start returning to the market?” Meaning, you have the additional leverage you need to negotiate better terms on your contract when selling your house. This is a major advantage when selling your house.

Sellers 64

Sellers Buyers Real Estate Agent Inventory 64