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Property condition information that’s cloud-based – “Word cloud” based

Housing Wire

For example, a newly renovated home that has a gourmet kitchen and an updated bathroom may be valued more highly than a similar home that possesses only above-average amenities and is in average condition. . Detailed definitions of these rating points can be viewed in the Fannie Mae and Freddie Mac Uniform Appraisal Dataset Specification. .

Valuation 388
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Seller Concessions: Definition, Examples, & Loan Types

Movoto

The post Seller Concessions: Definition, Examples, & Loan Types appeared first on Movoto Blog. Use our online calculator to estimate your closing costs. Whether you’re on the buying or selling side, be sure to explore all the resources on Movoto to prep you for your big move.

Sellers 36
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Selling your home? Make sure you’re aware of hidden costs

Housing Wire

While a real estate agent’s commission is one of the most expensive costs, it definitely isn’t the only one. Home improvements and renovations are also important to buyers. A seller concession could include putting money towards the inspection costs, appraisal fees, taxes or another expense.

Sellers 546
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Don’t Start Driving until You Know Where You’re Going

Appraisal Buzz

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.” 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. Assignment conditions.

Appraisal 221
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The Intersection of Eco-friendly Practices and Efficient Plumbing Systems

Cleveland Appraisal Blog

Before you embark on a complete bathroom renovation, take heart. 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.

Appraisal 253
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Real Estate Owned Appraisals: The Ultimate Guide

AmeriMac

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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Home Appraisal 101: Maximizing the Value of Your Home

Chicagoland Appraisal Blog

And that means you can actually impact your home’s value by making renovations that are likely to increase its marketability and value in the real estate market. . To begin the process of having your home appraised, you’ll need to select an appraiser and schedule their inspection. Overly personalized renovations. Home addition.