CA Realty Training

MARCH 22, 2021

The Buyer’s Inspection Advisory (BIA) is a disclosure that is included with the Residential Purchase Agreement (RPA) when you make an offer on a home. Simply put, it is advising the buyer to have a professional inspect the property. Disclosures are designed to inform and protect the parties entering into an agreement.

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Inspection Real Estate Agent Real Estate Clients 36

Empire Appraisal Group

OCTOBER 17, 2024

Not reviewing homeowners’ insurance coverage It’s important to determine how much homeowners insurance you need for your unique circumstance. Renovations or upgrades could impact your insurance coverage limits and might not be covered by your existing policy.

Renovations 78

Renovations Inspection Tools Insurance 78

Housing Wire

APRIL 4, 2024

These personalized, white-labeled portals are designed to help homeowners manage their largest asset and build wealth, while helping lenders build long-term, profitable relationships, deliver great service at scale, and foster repeat and referral business.

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Marketing Real Estate Inspection Mortgage 327

Housing Wire

MAY 12, 2021

Still, I’m encouraged to see companies using digital tools and platforms — or creating their own — to take little bites out of a gigantic industry, from streamlining financing and inspections, to centralizing communication, to optimizing budgets and reducing project delays. Creating transparency.

Construction 482

Construction Logistics Technology Real Estate 482

Lamacchia Realty

OCTOBER 6, 2021

However, the general rule of thumb is that it needs to be replaced in 60 days to obtain home insurance. No home insurance, no mortgage. Getting Insurance for a Home with Knob and Tube Wiring. Obtaining insurance for a home with knob and tube wiring comes with a specific set of requirements.

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Insurance Inspection Buyers Modernization 74

Appraisal Buzz

MAY 31, 2021

Only the wife was at home to greet the appraiser when they arrived to inspect her home. These color codes were designed to indicate where it was safe to insure mortgages. Anywhere African Americans lived or lived nearby, were colored red to indicate that these neighborhoods were too risky to insure mortgages.

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Valuation Appraisal Real Estate Insurance 370

Housing Wire

JUNE 7, 2022

On the servicing side, a default servicer will work with a number of third-party vendors to gather collateral valuation, title information, property inspections and field services reports. Servicers, especially those who service government-insured loan products, are under statutory time constraints that give them very little wiggle room.

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Lending Mortgage Technology Modernization 381

PennyMac

AUGUST 31, 2024

A real estate escrow account, also called a pre-closing escrow account, is held by third-party entities separate from the buyer and the seller; it’s designed to protect the interests of both. Home Inspection The home inspection helps identify any potential property issues.

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Inspection Real Estate Agent Sellers Legal 36

The Robert Weiler Company

APRIL 15, 2022

Indemnity and Insurance. And the landlord pays for all operating expenses, such as maintenance, property taxes, and insurance. property taxes, insurance, building maintenance, utilities, janitorial services, and property management fees). Taxes and Assessments. Compliance with Laws. Maintenance and Repairs. Damage to Premises.

Tenants 144

Tenants Landlords Property Taxes Real Estate 144

McKissock

JANUARY 6, 2023

Aside from that, there are also private mortgage insurance (PMI) providers, like Radian, MGIC, or Genworth that may have open appraisal-related jobs. Residential Insurance Appraiser – You will be responsible for conducting site-based or virtual high-value home property surveys that will be used for homeowners’ insurance purposes.

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Appraisal Training Lending Land Management 74

Movoto

APRIL 8, 2024

During the under-contract period (usually the month leading up to the closing stage of your home purchase ), several different processes need to be completed, such as the home inspection and possibly repairs. Title and Insurance. Title insurance is outlined here which provides a crucial safeguard against potential property defects.

Contracts 36

Contracts Real Estate Property Taxes Inspection 36

Assurance Financial

APRIL 29, 2021

A lender might set up an escrow account where they hold money that goes toward your property tax payments and homeowners insurance premiums. When insurance or property taxes are due, the lender pays the insurance company or government with funds from your escrow account. Home Inspection. Homeowners Insurance.

Mortgage 69

Mortgage Insurance Inspection Sellers 69

McKissock

MAY 15, 2023

Consider establishing side businesses such as home inspection, staging, and perhaps even brokerage. (It Business insurance is a must. Discuss, with your insurance agent, policies that will protect you and your employees—and will protect your non-business assets in case your business incurs liability.

Business 71

Business Appraisal Advertising Real Estate 71

Housing Wire

APRIL 22, 2024

With Wise Pelican, you can try both — it’s a fantastic resource for beautifully designed postcards and letters. Perhaps they don’t receive strong enough offers or struggle to address issues that arise at home inspection. I’d suggest A/B testing both formats and tracking which one yields more responses.

Real Estate 461

Real Estate Open Houses Brokerage Real Estate Agent 461

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = USPAP does not require use of the specific term “personal inspection”. Answer: No.

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Appraisal Inspection Modernization Business 70

PennyMac

SEPTEMBER 4, 2024

Except for VA mortgages, most loans require at least a 20% down payment to avoid costly mortgage insurance. For example, a $250,000 home would require at least $50,000 down to avoid mortgage insurance. 15-Year Mortgage: A 15-year mortgage is a home loan designed for quicker repayment than a 30-year mortgage.

Insurance 36

Insurance Property Taxes Mortgage Real Estate 36

Assurance Financial

MAY 18, 2022

It guarantees or insures the FHA loan program. Since private lenders have insurance from the FHA, they are more likely to lend money to people who wouldn’t qualify for a conventional mortgage. In exchange for looser requirements and government insurance, FHA loans require borrowers to pay mortgage insurance.

Insurance 69

Insurance Government Mortgage Sellers 69

Housing Wire

DECEMBER 8, 2023

Includes current issues and trends in AZ real estate & property inspection issues CE Sales Package #1 with Ethics: 12 of the 24 required hrs of coursework (9 mandatory & 3 general hrs). Exam Prep: Kaplan’s exam prep courses are designed to provide the knowledge and practice necessary to succeed on exam day.

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Real Estate Contracts Law Real Estate Agent 432

Appraisal Today

JULY 19, 2024

Uncovering Flaws in FHA Appraisal & Loan Review Process Home Insurance: It’s Not The Hurricanes In High-Cost Areas, But The Tornados In Low-Cost Areas That’ll Get You By Jonathan Miller Iconic ‘Constellation 167’ House in Los Angeles for $10.9M During the home inspection, several issues were flagged. with a $10,950,000 price tag.

Appraisal 79

Appraisal Insurance Contracts Business 79

McKissock

APRIL 20, 2021

Here are ten tips designed to help you improve your appraiser score, get more assignments close to home, and earn more money working with AMCs. Keep your vendor information, your E&O insurance, and your appraisal license up to date. Complete orders quickly after inspection. Keep your profile up to date.

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Appraisal Inspection Clients Appraisal Process 91

McKissock

SEPTEMBER 6, 2021

Additionally, provide full contact information for any surveys, pest inspections, or home inspections. They encourage good communication between parties and ask that all inspections and walk-throughs be completed sufficiently ahead of the closing to avoid delays.

Real Estate 77

Real Estate Real Estate Agent Sellers Inspection 77

Appraisal Today

SEPTEMBER 22, 2023

To me, the big issue is who is doing the inspections. Most of the inspection training we receive as appraisers happens in the field. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing. Inspection training was very good. Read the full report. Very interesting.

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Appraisal Training Inspection Real Estate 88

Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Insurance purposes: Lenders or other clients may order desktop appraisals for insurance purposes to determine the property’s replacement cost or insurable value.

Appraisal 78

Appraisal Construction Contracts Architecture 78

Housing Wire

DECEMBER 14, 2020

HousingWire: Looking back at a year with record purchase and refi volume, how did title insurance companies manage the influx in volume? inspection) just take time and cannot be further expedited through automation or improved workflows. Despite efficiencies gained through automation, some components of the closing (i.e.

Real Estate Agent 309

Real Estate Agent Real Estate Technology Agents 309

McKissock

NOVEMBER 19, 2021

As an appraiser, it’s your job to offer a written opinion of that value, which lenders, insurers, property owners and buyers, and divorce and estate attorneys use to do their jobs. Inspecting the property to determine its condition and improvements. Diagramming or photographing a property and its structures.

Property Appraisal 82

Property Appraisal Appraisal Real Estate Real Property 82

Listing Spark

AUGUST 22, 2024

Home Inspection and Appraisal Fees : Before closing, the buyer’s lender will likely require a home inspection and appraisal. While the buyer often covers these costs, you may choose to have your own inspection and appraisal done to avoid surprises. Typically, this is about 2.5% to 3% of the sale price.

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Real Estate Agent Real Estate Renovations Agents 36

Raleigh Realty

MAY 3, 2021

These programs are designed to help people buy their first home. Conventional loans are insured by private lenders. The catch is that you will need to pay private mortgage insurance if you put down less than 20. Unconventional loans are insured by the federal government. You'll need a credit score of at least 620.

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Real Estate Agent Real Estate Inspection Insurance 78

PennyMac

JULY 25, 2022

Conventional loans by definition are loans that are not backed or insured by any government entity. However, if you don’t want to deal with mortgage insurance, you’ll need to bump that up to about 20%. Possibility of no mortgage insurance. Mortgage insurance required for lower down payments. Conventional Loan.

Insurance 36

Insurance Government Investing Mortgage 36

Raleigh Realty

MARCH 29, 2021

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance. During due diligence, you'll need to hire someone to do a property inspection and appraisal.

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Government Real Estate Agent Insurance Property Taxes 148

Appraisal Today

AUGUST 18, 2023

Designed and built by world-renowned contractor, Matt Construction, interior designers Meyer Davis and architects Shubin + Donaldson, no expense was spared in constructing this exceptional estate over a six-year period. This was the same process many of us underwent with the exterior-only (drive-by) inspections.

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Appraisal Contracts Inspection Real Estate 76

Housing Wire

FEBRUARY 8, 2022

That is exactly what millions of forbearance plans and a federal moratorium were designed to avoid during the pandemic. I usually figure a cost between 4% to 5% of the loan balance per year to property taxes, insurance, legal, servicer, inspections, in the judicial states, and between 2% and 3% in administrative states.”

Law 370

Law Mortgage Legal Finance 370

Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. One fee is mortgage insurance, which the bank takes in case you default on your home. Once you owe less than 78-80 of the home's total cost, you no longer have to pay mortgage insurance.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

The Robert Weiler Company

APRIL 5, 2023

The most common lease is based on a gross warehouse rental rate, which means that the rent includes everything except for the landlord’s responsibility for taxes, insurance, and maintenance. Net leases tend to be riskier; the landlord may offer less rent but shift the tenant’s responsibility for maintenance, insurance, and taxes.

Landlords 144

Landlords Tenants Logistics Real Estate 144

Quicken Loans

NOVEMBER 18, 2021

VA loans are a little different from conventional loans and may also require that you complete a few extra steps before closing on your loan, such as performing a VA pest inspection and paying the VA funding fee. A conventional mortgage is a loan that isn’t backed or insured by the U.S. Conventional Mortgage. government.

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Insurance Mortgage Buyers Inspection 54

McKissock

FEBRUARY 25, 2022

I use the iPad to do inspections. ” “My extensive physical inspection background includes completing property inspections for the insurance industry. ” “I have a designation from the Appraisal Institute.” I don’t ‘only do what’s always been done.'”

Real Estate 78

Real Estate Appraisal Easement Inspection 78

Assurance Financial

MAY 4, 2022

Common fees that contribute to the closing costs include, but are not necessarily limited to, appraisal and inspection fees, application fees, origination fees, mortgage and title insurance fees, early repayment fees and discount points — some of which are more avoidable than others. Inspection/appraisal fees.

Mortgage 36

Mortgage Insurance Inspection Legal 36

Realvals

JUNE 18, 2023

It’s not uncommon for property owners, insurance companies, or tax authorities to have contrasting opinions on the value of a property. Appraisers don’t inspect electrical, plumbing, insulation, or anything else of the sort. Appraisals can be useful in these situations to help resolve any disputes between parties.

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Appraisal Property Taxes Real Estate Market Value 145