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?

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Tools Appraisal Renovations Design 65

Realtor

APRIL 14, 2021

. “Regardless of the economic environment and uncertain times, consumers will always have a need or desire to buy a home,” says Ann Thompson , retail sales executive of the West with Bank of America. In this market, we are seeing a lot of appraisal gaps being written into contracts.

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Mortgage Real Estate Agent Real Estate Buyers 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

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Appraisal Training Contracts Mortgage 84

Appraisal Today

JANUARY 19, 2024

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. An example of this in real estate appraisal is the purchase and sale contract. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.24

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Appraisal Contracts Real Estate Architecture 74

Appraisal Today

SEPTEMBER 6, 2024

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.43 The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $766,550) decreased to 6.73 percent from 6.44 percent, with points increasing to 0.56

Real Estate Agent 86

Real Estate Agent Real Estate Appraisal Agents 86

Appraisal Today

FEBRUARY 16, 2024

Many downtown mixed-use buildings (retail and apartments) are in my city. This totally renovated 5 bedroom home is tucked in the woods on a secluded cul-de-sac. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.87 baths, 2,973 sq.ft.,

Appraisal 81

Appraisal Contracts Training Architecture 81

Appraisal Today

APRIL 26, 2024

What should appraisers look for in a sales contract? No detail has been spared in this thoughtful renovation, from the custom three-story open square-nosed European tread lightwell staircase to the wide plank Stuga white oak flooring, to the dramatic designer lighting fixtures throughout. I sometimes see low sales for various reasons.

Appraisal 78

Appraisal Real Estate Real Estate Agent Contracts 78

Appraisal Today

JULY 19, 2024

The legendary property is owned by energy trader Michael Whalen, who gave the place a massive renovation after buying it in 2010 for $2.1 The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.87 The average contract interest rate for 5/1 ARMs increased to 6.33

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Appraisal Insurance Contracts Business 79

Appraisal Today

JULY 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Easement Liability, college degree requirement AQB, Fannie June Update, ADUs, unusual homes, mortgage origination stats, etc == = Renovated Modernist Mansion in Salt Lake City for $3.699M Excerpts: 4 bedrooms, 4 baths, 4,660 sq.ft., percent from 7.03 percent from 7.11

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Appraisal Design Contracts Business 69

Appraisal Today

APRIL 5, 2024

It is also located in the Historic Preservation District, so any proposed renovations would have to be approved.” The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.91 The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.35

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Appraisal Contracts Business Construction 78

Appraisal Today

SEPTEMBER 29, 2023

After a painstaking renovation of the 13,872-square-foot property, they moved in in 2012. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.41 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.16

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Insurance Appraisal Contracts Mortgage 80

Appraisal Today

JANUARY 12, 2024

Acre lot Built in 2000 and recently renovated, the main estate and guesthouses offer a total of 7,455 square feet of living space. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.81 The average contract interest rate for 5/1 ARMs increased to 6.17

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Appraisal Contracts Mortgage Marketing 68

Appraisal Today

JULY 7, 2023

Despite the home’s age, it isn’t a money pit or desperate for a renovation. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.85 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.68 percent from 6.75

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Appraisal Real Estate Contracts Mortgage 77

Appraisal Today

JUNE 7, 2024

In the six years since, the main residence has been renovated and now features upgraded amenities. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.07 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.87

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Appraisal Insurance Contracts Business 72

Appraisal Today

NOVEMBER 3, 2023

The vast majority of complaints (but not all) stem from an appraisal that comes in below the contract price or the targeted refinance “number” where the homeowner, or even the buyer, identifies as part of a minority racial or ethnic group. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.57

Appraisal 60

Appraisal Contracts Architecture Mortgage 60

Appraisal Today

DECEMBER 2, 2022

Built in 1961 (renovated in 2006 by architect Hal Hayes), 3 bedrooms, 2 baths, 2100 sq.ft. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.49 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.57

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Appraisal Agents Real Estate Real Estate Agent 82

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. This is actually about fewer buyers getting into contract. Some got teller jobs in bank retail locations. 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

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

SEPTEMBER 27, 2024

This class is required before this new UAD material can be taught to other appraisers, under contract with the GSEs. She will put it on the market early next year and found a couple whose home is being renovated to be house sitters while she is in Florida. The average contract interest rate for 5/1 ARMs increased to 5.76

Property Appraisal 73

Property Appraisal Appraisal Training Contracts 73

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

Will Springer Realtor

AUGUST 30, 2022

That could run about $31,427 and almost triple that amount for an upscale renovation, according to the same 2022 report. At least the retail price of lumber is cheaper, down about 35% from the 2022 high in March. Naturally, figures and specific scenarios from your negotiated contract can vary.

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Supply Chain Renovations Home Improvement Real Estate 36

Appraisal Today

FEBRUARY 17, 2023

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.39 The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $726,200) increased to 6.26 The average contract interest rate for 5/1 ARMs decreased to 5.53

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

APRIL 7, 2023

He was planning to renovate it and stay in it, but he had to relocate.” The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.40 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA remained unchanged at 6.33

Appraisal 52

Appraisal Property Taxes Reconsideration of Value Contracts 52

Property Metrics

AUGUST 13, 2020

What is a prime location for office and retail space today may be empty 20 years from now. If corporations suddenly start allowing a large percentage of workers to engage in remote working contracts, the market demand for office space will dramatically decrease from previous forecasts.

Real Estate 53

Real Estate Tenants Investing Construction 53

Appraisal Today

JUNE 28, 2024

At least one ghost town was purchased by a brave soul, who is documenting the harrowing renovation process. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.93 The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.46

Valuation 59

Valuation Appraisal Real Estate Real Estate Agent 59

Appraisal Today

JANUARY 4, 2023

My comments: I have no idea why so many homeowners are building new castle homes or renovating them all over the country! The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.58 The average contract interest rate for 5/1 ARMs increased to 5.61

Appraisal 52

Appraisal Contracts Business Development 52

The Robert Weiler Company

OCTOBER 21, 2022

Rent a section to retail establishments. Based on the size of your commercial property and budget, you may consider allocating an area of your property to retail establishments. Retail tenants can also attract more visitors (if they have outside entrances) and add a new revenue stream.

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Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Today

JUNE 3, 2022

Plus a short video on the renovation. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.33 The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) decreased to 4.93 percent from 5.46

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

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. And residential real estate?

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

MARCH 14, 2022

Most owners will contract work out for major renovation projects while doing DIY work on replacing flooring, painting or improving outdoor space, the survey from LendingHome showed. The average time for a listing to go under contract remains low, with homes on the market 19 days in Seattle and 13 in Bellevue. There is 0.6

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Houston Properties

JANUARY 13, 2021

We also believe that there’s going to be strong appreciation for homes with the following characteristics: New / recently renovated to look “like HGTV;”. Properties are still going under contract. The typical real estate purchase process takes about 4-6 months (including being under contract for ~30-45 days).

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Housing Market Marketing Real Estate Realtors 68

Appraisal Today

JULY 22, 2022

Throughout the years, we’ve seen more homeowners construct dedicated “intimacy rooms”—like sex rooms or BDSM basements—inside their homes, but this is the first time this trend has been packaged in the form of a renovation reality show. Excerpt:1) More buyers are getting info contract below list. He was all in for it! percent from 5.74

Appraisal 52

Appraisal Contracts Buyers Design 52

Will Springer Realtor

JULY 9, 2021

THE ROI OF HOME RENOVATION. The price has dropped to around $700 per thousand board feet (early July), however lumber retailers are still charging inflated prices for the goods purchased earlier in the year. Well, researchers at realtor.com went a little deeper to find out what those consumers are seeking when looking for a new home.

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Buyers Development Transportation Inventory 36