McKissock

JULY 20, 2021

Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., ” Do you believe you are acting as a home inspector when you complete a property inspection as part of an FHA assignment? Appraisers perform similar inspections, to one degree or another, in most appraisal assignments.

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Appraisal Buzz

JULY 23, 2024

More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.” “We’re seeing a slow shift from a seller’s market to a buyer’s market,” said Lawrence Yun, Chief Economist at NAR. Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. million).

Inventory 395

Inventory Inspection Realtors Sellers 395

McKissock

JUNE 17, 2022

Below are five remote inspection tools worth looking into. Rather, our intention is to provide appraisers with a sampling of currently-available remote property inspection tools so they can consider the potential benefits of integrating such tools into their appraisal process. eTrac Virtual Inspection Tool. Anow Walkthrough.

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Inspection Tools Appraisal Technology 75

Housing Wire

JULY 23, 2024

More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.” “We’re seeing a slow shift from a seller’s market to a buyer’s market,” NAR chief economist Lawrence Yun said in a statement. The yearly regional trends don’t differ much from the national one.

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Housing Wire

NOVEMBER 4, 2024

In writing both offers, Angela and I made sure to fully disclose how I was expecting her to get paid , as well as all of my requests, including a home inspection contingency clause. I grew up in an 1850s farmhouse and was not going to skip an inspection or an appraisal contingency.

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Agents Inspection Real Estate Sellers 434

Movoto

SEPTEMBER 23, 2024

The post Seller Concessions: Definition, Examples, & Loan Types appeared first on Movoto Blog. Typically, closing costs range from 3-5% of the home price, and seller concessions may cover part or all of these, helping buyers save money. Use our online calculator to estimate your closing costs.

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Town & Country Residential Appraisals

JULY 18, 2022

Inspection: careful examination or scrutiny Observation: the action or process of observing something carefully in order to gain information While the definitions are close, inspection seems to indicate a more detailed way of looking at something just by the words “examination” and ”scrutiny”.

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Appraisal Buzz

JULY 23, 2024

More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.” “We’re seeing a slow shift from a seller’s market to a buyer’s market,” says Lawrence Yun, chief economist for NAR, in a statement. Regionally, and month over month, existing-home sales fell 2.1% in the West.

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Housing Wire

MAY 21, 2024

While these online tools aren’t a definitive statement of a home’s value, they can be a great starting point, especially when combined with other data like a home’s list price, square footage, number of bedrooms and baths, property tax history, and any price reductions. Be patient and stay flexible as challenges arise.

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Real Estate Agent Real Estate Inspection Valuation 450

Housing Wire

MAY 11, 2021

Unfortunately, the ability to obtain information on individual property data about these two factors is hard to come by, short of an interior physical inspection. Detailed definitions of these rating points can be viewed in the Fannie Mae and Freddie Mac Uniform Appraisal Dataset Specification. .

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Valuation Inspection Renovations Appraisal 375

Appraisal Buzz

FEBRUARY 28, 2022

A lot has changed over the last two decades, but appraisal data and more specifically, appraisal inspections have remained unchanged. This is the digital transformation of the appraiser’s inspection data. Today, you can use your iPhone to create a point cloud that represents the property you’re inspecting.

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Appraisal Buzz

SEPTEMBER 12, 2024

Ridge roof designs: Revised definitions and regulatory language allow certain specified roof ridge designs (peak cap and peak flip roof assemblies) without a requirement for specific on-site inspections by a HUD-approved agency, except for certain exclusions.

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Modernization Design Construction Inspection 395

The Appraiser Coach

JUNE 20, 2023

I think I’ve talked to you about my definition of wealth before. My definition of wealth is the ability. It’s not having a sports car or a big fancy house. Read More

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Inspection Advertising Business Real Estate Agent 195

Midtown Appraisal Group

JULY 4, 2021

Appraisers aren’t real estate salespeople or mortgage brokers, and definitely shouldn’t be offering advice or counsel to the people whose properties they’re appraising.

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Mortgage Inspection Real Estate Sellers 139

Appraisal Buzz

OCTOBER 14, 2024

Clarifications and New Definitions The proposed rule introduces and defines the term “loss mitigation review cycle,” delineating it as the continuous period starting when a borrower requests loss mitigation assistance, provided such a request is made at least 37 days before a foreclosure sale.

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Mortgage Inspection Real Estate Investors 390

Appraiserblogs

FEBRUARY 2, 2023

The appraiser scheduled an inspection for a dwelling being sold, and uses a ‘MLS Key’ for entry to homes with a lockbox, without having an agent present. Fannie Mae also lacks such a definition. It involved Highest and Best… Is That an Arm’s-Length Transaction? USPAP does not define the term arm’s-length transaction.

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Tenants Inspection Appraisal Agents 123

Housing Wire

JUNE 10, 2021

While a real estate agent’s commission is one of the most expensive costs, it definitely isn’t the only one. A seller concession could include putting money towards the inspection costs, appraisal fees, taxes or another expense. Are you thinking about selling your home? Naturally, the price a buyer will ask a seller to pay will vary.

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Sellers Real Estate Agent Real Estate Decorating 546

GoForrmz

APRIL 17, 2023

“ GoFormz has definitely helped on the material inventory side of things. We’ve definitely been able to help get that loss down by being able to report on-site. ”

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Inspection Tools Inventory 78

Housing Wire

JULY 22, 2024

Back then, we never thought about the property inspection. We didn’t understand anything other than dual agency and we didn’t have inspections for things like radon gas or uranium in the soil. Today, they are dozens of pages long. Now, agents are responsible for so much.

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Real Estate Real Estate Agent Technology Agents 389

Appraisal Buzz

JUNE 27, 2022

The same data acquired from an aerial inspection has value to a number of real estate industries players. Matt: The tools to complete them have definitely evolved. An aerial inspection can provide valuable information that cannot be obtained from a ground-based inspection. Lamar: New tech provides new opportunities.

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Appraisal Inspection Valuation Real Estate 195

Housing Wire

FEBRUARY 10, 2021

” CoreLogic announced last week that it entered into a definitive agreement to be acquired by Stone Point Capital and Insight Partners for $80 per share in cash, or an equity value of about $6 billion. Are borrower-assisted inspections here to stay? to two loan files per day. .

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Appraisal Inspection Appraisal Process Valuation 397

GoForrmz

MARCH 11, 2024

“ We’re definitely saving time with GoFormz because it reduces user error and helps prevent things from getting filed incorrectly. ”

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Construction Property Management Inspection Real Estate 78

The Appraiser Coach

JUNE 20, 2023

I think I’ve talked to you about my definition of wealth before. My definition of wealth is the ability to do what I want, when I want, with whom I want, because I want. It’s not having a sports car or a big fancy house. This is all within reason, of course.

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Business Appraisal Inspection Advertising 195

Riverfront Appraisals

JULY 1, 2021

So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals. And, you’ll definitely […]. For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process.

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Appraisal Process Reconsideration of Value Final Inspection Bracketing 88

Appraisal Buzz

JUNE 6, 2022

We’ve all gotten a presumably as-is appraisal assignment, gone out to inspect, and learned at the inspection that the master bathroom is gutted. Aside from the technicality of new assignment definitions, there’s a practical reason to be vigilant about this. Assignment conditions. Don’t put yourself in that position.

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Appraisal Clients Inspection Appraisal Process 221

Housing Wire

JUNE 28, 2024

There is nothing there right now that really scares us; buyers just have the opportunity to be a bit more sensible with their offers and don’t have to worry about waiving inspections or financing contingencies, which is a good thing.” I have more listings right now than I have had in years.”

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Housing Market Marketing Inventory Buyers 375

Housing Wire

JUNE 30, 2021

Our EXOS Title technology offers accelerated title decisioning and a definitive clear-to-close timeline in seconds. Clients are able to quickly schedule their appraisal inspection, without phone tag or other scheduling delays.

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Valuation Client Relationships Inspection Clients 196

Cleveland Appraisal Blog

AUGUST 13, 2023

Schedule Regular Plumbing Inspections If you really want to keep your plumbing system eco-friendly, it’s time to practice some TLC. Regular inspections are important to catch plumbing issues and maintain an efficient plumbing and water transport system. Think of waking up to a flooded basement or a sewage backup in your tub.

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Appraisal Inspection Transportation Renovations 253

Appraisal Buzz

MARCH 28, 2022

The written ANSI standard is organized as follows: 1) Scope and Purpose; 2) Definitions; 3) Calculations of Square Footage; and 4) Statement of Finished Square Footage. As of this writing, Freddie Mac, HUD nor the Veterans Administration have not released a statement if they will be requiring adherence to ANSI Z765-2021.

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Appraisal Tools Technology Clients 370

Housing Wire

JUNE 21, 2021

“I don’t like it when people waive an appraisal just to get into a home, but what I like to do to win for my buyers is to agree to the home inspection, but we’ll just make it pass or fail,” Poveda said. “We’re definitely seeing a ton of new projects,” Grebe said.

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Housing Market Marketing Realtors Inventory 459

Housing Wire

MAY 3, 2024

The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We People are actually making repairs found in inspection reports. We have just not had any luck getting a lot of inventory increase here in Charlotte.

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Inventory Housing Market Marketing Real Estate 343

The Appraiser Coach

MARCH 19, 2024

This property is located in the south, and a shot of southern hospitality definitely topped it off. As I ended that phone call as an undercover appraiser, I concluded that there was a large mix of friendly and a lower mix of professionalism, but the perfect Arnold Palmer I needed that day.

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Appraisal Clients Real Estate Business 195

Appraisal Buzz

JULY 18, 2022

This transfer of negotiating power has already begun with many buyers now being able to elect contingencies such as inspection and/or appraisal – each of which was difficult to include in a competitive offer as recently as 1-2 months ago.

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Sellers Marketing Market Value Home Value 435

Housing Wire

JANUARY 14, 2022

Cignarale noted signs of cooling off, including some properties appraising for lower than expected and once desperate buyers no longer waiving home inspections. Generally, you pretty much have to go in at or above ask, if you really want to be competitive on a house and you definitely want to use an escalation clause,” Hilbert said. “I

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Agents Inventory Buyers Marketing 437

McKissock

APRIL 22, 2022

When he inspects the property, he notes a crack in the foundation. For example, if the borrower had handed Jim a copy of the engineer’s report at the time of the appraisal inspection stating the home is not structurally sound, this factor would not be unknown. There are no definitions for “clearly and conspicuously.”

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Inspection Appraisal Mortgage 105

Hank Miller Team

AUGUST 4, 2022

The term "flipping" has a ridiculously broad definition, it ranges from changing the locks and selling it to completely a full remodel and selling it. There is no definitive answer to that question, each one is it's own treasure. The Atlanta area consistently ranks as one of the very top markets for home flippers.

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Inspection Investors Development Appraisal 52

AmeriMac

DECEMBER 30, 2023

We will start with the definition and purpose of these appraisals, followed by how they work, the factors considered in them, and preparing for an appraisal. Lastly, we will compare REO appraisals to home inspections and answer whether they are mandatory for all property transactions.

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Real Estate Appraisal Inspection Valuation 36