Housing Wire

OCTOBER 15, 2024

Resale homes are typically ready for immediate occupancy, and a new owner can move in once the paperwork is complete and the mortgage has closed, sometimes as quickly as two to six weeks after the contracts have been signed. Renovating to modernize can add to the long-term cost of a resale home.

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Construction Buyers Agents Marketing 488

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?

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Mortgage Renovations Appraisal Process Finance 468

Housing Wire

FEBRUARY 9, 2021

Four renovations to consider before selling your house. If you had an appraisal contingency in your sales contract, you could do this without any sort of penalty. But what does it mean for you as the buyer? Well, there are two scenarios you could find yourself in. More for Real Estate Enthusiasts. One more option.

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Appraisal Real Estate Agent Real Estate Sellers 482

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

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Renovations Investing Real Estate Marketing 395

Housing Wire

AUGUST 2, 2024

Auction.com , the nation’s largest online platform for distressed real estate sales, recently reported that demand for homes sold at auction began to decline late in the second quarter of 2024 even as the available supply of foreclosed homes also contracted.

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Inventory Retail Buyers Renovations 476

Housing Wire

JULY 10, 2024

The goal of a successful listing appointment is to win the listing and walk away with a signed contract in hand. Here’s how you can crush every listing appointment and leave with a signed contract. What renovations or updates have you made that you believe could add value to your home? It’s that simple.

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Sellers Real Estate Agents Clients 435

Housing Wire

APRIL 22, 2021

“I’m on my way with a client to show them a house that’s literally just gotten on the market, and by the time we get there, it’s already under contract with someone else,” she said. “It’s just insane. I don’t think I’ve ever seen this many sight-unseen buys in my life.”

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Buyers Inventory Renovations Realty 459

Housing Wire

APRIL 18, 2023

While HELOCs continue to set the stage as flexible products that provide quick access to financing for a multitude of uses, including home renovations, debt consolidations or emergency purchases, severe contraction across the lending industry in the fourth quarter of 2022 affected HELOCs in terms of origination volume.

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Lending Renovations Real Estate Finance 368

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.

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Agents Appraisal Renovations Development 378

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

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Retail Renovations Inventory Contracts 273

Housing Wire

MARCH 10, 2023

ATTOM , a real estate data provider, reports, however, that the “severe contraction across the lending industry in the fourth quarter of 2022 even hit HELOCs” in terms of origination volume. HELOCs also are popular because the interest on the loans is tax deductible if the funds are used for approved home renovations.

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Housing Market Marketing Contracts Lending 370

Housing Wire

JULY 3, 2023

While the 30-year fixed-rate mortgages are the bread-and-butter products for PrimeLending (accounting for about 95% of origination volume), down payment assistance programs, renovation loans and temporary rate-buydowns have become popular options for buyers, Lugat noted.

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Loan Officers Marketing Retail Renovations 370

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.

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Brokerage Real Estate Clients Insurance 435

Housing Wire

MAY 20, 2022

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. You don’t sell your home to the wholesaler; the contract gets transferred to a buyer the wholesaler finds for you. Sell to a Wholesaler.

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Real Estate Agent Tenants Real Estate Agents 435

Birmingham Appraisal

DECEMBER 17, 2024

We discussed numerous topics including the key differences between appraisals and comparative market analyses (CMAs), what factors influence property value, and how renovations can impact your home’s worth, among other things. Include both minor updates and major renovations to ensure the appraiser accounts for all improvements.

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Appraisal Easement Real Estate Agent Valuation 75

Housing Wire

OCTOBER 24, 2022

If anyone knows of anywhere that could be a good fit with my 20+years in maintenance/renovation leadership in multi-family, single family, or senior living, please pass my name along. Thanks in advance.”. The post Real estate unicorn Roofstock cuts its workforce by 20% appeared first on HousingWire.

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Real Estate Investing Investors Business 418

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.

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Housing Market Marketing Reconsideration of Value Appraisal 368

Inman

MAY 31, 2023

The leading team at Douglas Elliman has launched sales at the recently renovated Renaissance-Revival building, which includes 10 one- to three-bedroom units, Inman has exclusively learned. One of the penthouses is already under contract.

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Renovations Contracts Development 148

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.

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Renovations Inspection Tools Insurance 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. Going for an as-is home sale eliminates the need for a lengthy renovation process. Moreover, buyers sometimes prefer to renovate the home according to their taste.

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Renovations Buyers Appraisal Investing 221

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.

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Supply Chain Appraisal Renovations Market Value 285

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. Tell me about your situation and goals in selling your home.” When would you ideally like to be moved out and closed?” “Are What price do you have in mind?” “How

Agents 435

Agents Real Estate Sellers Real Estate Agent 435

GoForrmz

DECEMBER 5, 2024

AR takes this a step further by enabling clients to visualize renovations or furniture placement within a property. Digital Forms: Streamlining Documentation Managing real estate transactions involves a significant amount of paperwork, from rental agreements to inspection forms and purchase contracts.

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Real Estate Property Management Tools Clients 78

Hank Miller Team

MAY 31, 2022

Appraising and being involved in real estate sales for over 30 years allows me to see epic "renovation" nightmares. Will your agent spot renovation disasters? This home however, was a graduate course in renovation disasters - and renovation is the listing agent's term.

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Renovations Agents Buyers Real Estate 52

Zillow

MARCH 13, 2018

Even if you’re ready for a kitchen renovation or anxious for a bathroom remodel, figuring out how to plan a home renovation that doesn’t break the bank can be tricky. For example, a kitchen generally accounts for 10 to 15 percent of the property value, so spend no more than this on kitchen renovation costs.

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Renovations Contracts Modernization Investing 50

Appraisal Buzz

JUNE 6, 2022

But the other problem is that it undercuts the contract you’re entering when you agree to perform the appraisal. Oh yeah, we need the effective date to be two years ago,” or “actually, we want it to be appraised as if those renovations were completed, not as is.” That contract or agreement you make when you accept a job is critical.

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Appraisal Clients Inspection Appraisal Process 221

Cleveland Appraisal Blog

JUNE 18, 2022

USPAP and the Contract – Tim Andersen, The Appraiser’s Advocate Podcast. Superior Arts District’s new tenant brings jobs, art to in renovated warehouse – Marc Lefkowitz of Cleveland Fresh Water. Recession-Proof Your Money Part 2 – It’s a Good Life Podcast with Brian Buffini. Too many appraisers?

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Appraisal Law Development Valuation 312

Cleveland Appraisal Blog

JUNE 17, 2022

USPAP and the Contract – Tim Andersen, The Appraiser’s Advocate Podcast. Superior Arts District’s new tenant brings jobs, art to in renovated warehouse – Marc Lefkowitz of Cleveland Fresh Water. Recession-Proof Your Money Part 2 – It’s a Good Life Podcast with Brian Buffini. Too many appraisers?

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Appraisal Development Market Value Tenants 283

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

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Appraisal Training Contracts Mortgage 85

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.

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Property Management Renovations Real Estate Investing 147

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.

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Luxury Properties Contracts Marketing Renovations 128

Simonson Real Estate

JULY 10, 2020

Leased Fee Interest – Defined as the ownership interest held by the landlord, which includes the right to receive the contract rent specified in the lease plus the reversionary right when the lease expires. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc.

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Appraisal Process Appraisal Market Value Tenants 148

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.

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Renovations Home Improvement Loan Officers Real Estate Agent 43

BiggerPockets

JUNE 4, 2024

Real estate investing and contracting go hand in hand, but not many investors are bold enough to tackle their own home renovations. Today’s guest is, however, and he’s about to […]

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Renovations Contracts Real Estate Investors 58

Eppraisal

OCTOBER 20, 2023

Are you planning a home renovation to increase your property's value or preparing to sell your home in the future? Home renovations can be exciting and rewarding but can also come with their fair share of challenges. Plumbing Issues Plumbing issues can be a major headache during a renovation.

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Renovations Supply Chain Inspection Modernization 36

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. In this market, we are seeing a lot of appraisal gaps being written into contracts. . “The best time to buy is when it makes sense in your life.”

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Mortgage Real Estate Agent Real Estate Buyers 155

McKissock

JANUARY 31, 2023

” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical. ” Appraisers are unbiased and must follow guidelines “I wish they understood that we cannot always ethically hit the sale contract price.” ” “How value is derived.”

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Real Estate Agent Real Estate Agents Appraisal 97