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We have expanded our team member training to [include talking to customers] about their homevalue and equity if the customer truly can no longer afford the home and none of the retention options are available or appealing to the customer. We again believe customer education is the best way to reduce risk.
We write so many mortgages at maximum debt-to-income ratios, then taxes and insurance go up, and people struggle to afford their home very quickly, said Matt Hefner, an LO with Fairway Independent Mortgage Corp. Meanwhile, climate-related risks are also impacting homevalues. A report from First Street projected a potential $1.5
Go in an order that makes sense, such as: headline, first-floor features, second-floor features, basement, overall design (hardwood floors, etc), garage, yard and location. Talk about the value: A home that needs work is (hopefully) priced accordingly. Using the list of best property features, start writing your description.
However, other email tools not specific to real estate agents (like Mailchimp and Flodesk) offer built-in templates that make delivering beautifully designed email newsletters a cinch. Create a responsive newsletter design One of the best ways to make things easy on yourself is to use real estate newsletter templates.
If you’re known in your market as the expert who successfully sells properties between $1 to $3 million, how do you start getting clients looking for homesvalued at $10 million+? How do you convince the sellers of $15 million homes to work with you? Visit Coffee & Contracts 2.
For lenders unfamiliar with reverse mortgage products, RMF makes it easy to get into the business with its technology platform, training, marketing assistance and industry-leading support. That is why we offer private and group training sessions and a library of on-demand instructional videos.
That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. The bottom line The reverse mortgage (HECM) for purchase program was designed to help older Americans buy a more suitable home in retirement, while still conserving cash and assets for future expenses.
By requesting a second appraisal report, removing race from the equation, and subsequently receiving a higher value estimate for their home, in her mind , the wife’s suspicion was validated. These color codes were designed to indicate where it was safe to insure mortgages. The answer…. First, a little bit about history.
In this article, we’ll review Offrs’ suite of products designed to help agents laser-focus their marketing efforts on leads with the most potential and automate processes. Ads drive homeowners to a home valuation tool and lead capture, where they can drop in their email addresses to get a homevalue estimate.
Key takeaways AceableAgent offers courses for every stage or your real estate journey, from prelicensing to post-licencing and training to hone your professional skills. Includes specialty, core Law & Ethics CE training. All Post-License Courses meet Florida’s 45-hour post-licensing requirement for first-time renewals.
It is trained on text data and learns to identify patterns from that data to generate human-like text responses. AI models might not account for qualitative aspects like architectural uniqueness, interior design quality or the emotional appeal of a home. ChatGPT uses neural networks to learn from experience.
Real Estate Accelerator Online Video Course and Live Online Coaching: Meet weekly with experienced industry professionals in live online group coaching sessions and access more than eight hours of self-paced, online video training. Students are also given multiple chances to pass the course final exam for a certificate of completion.
Value to the occupant is derived from that special characteristic(s) the home brings to the occupant. Having elderly parents in the home, being close to a train station, walkability…. Often an intangible – location, design, style, characteristic, feature…something that is a significant positive to the occupant.
Indeed, public transit agencies like New York's Metropolitan Transit Authority spent nearly half a billion on decontaminating surfaces in trains and buses. They also fortify homevalue. For the sake of homevalue and marketability, these enhancements become urgent.
How Home Appraisers Decide on the Value of Your Property. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer.
The home boasts four spacious bedrooms, each with its own en-suite bathroom, ensuring the utmost in privacy and convenience. The resort-like pool area is a private retreat, designed for both relaxation and entertaining. Californias Fresno County is expected to take the biggest hit, with projected homevalue losses of 10.4%
Home type: Single family. Homevalue (with no comps, not even close to 30!). 2) Appraiser training to reflect this simple data analysis rule; and 3) standards and user requirements (such as the GSE’s) that require this basic data science issue to be evaluated in every appraisal. Floor size: 2,500 sqft. Year built: 1822.
Some developers are delivering smaller homes in the form of four- and six-plex townhomes on a parcel of land that once featured a single-family house. Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). years in Portland metro.
He designed the estate, completed in 2000, from the ground up. A homevalued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure. A homevalued too low can deprive homeowners of access to their equity and limit the mobility of sellers. The problem?
. = The Most Expensive Home in South Carolina’s History Hits the Market for $22M Located in Simpsonville, SC, the 16,000-square-foot home sits on a sprawling 54 acres designed for the horse lover. Built in 2014, the six-bedroom estate was designed to resemble an English manor. and Conditionality. I learned a lot.
Even the larger appraisal firms (with deep pockets) who’ve spent the last few years aggressively training and recruiting appraisers, acquiring small appraisal firms, and rolling up their competitors have rapidly changed their tone. Budget cuts. Retraction. It’s caused by the income gap. That is the real problem which must be solved.
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