Appraisal Buzz

MAY 6, 2024

Does the cost of homeowners insurance affect the price of a home? In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. In some markets, the answer is increasingly yes.

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HOA Insurance Legal Fees Valuation 370

Housing Wire

NOVEMBER 30, 2023

The 203(k) Rehabilitation Mortgage Insurance Program helps borrowers purchase a home or refinance an existing mortgage and includes the cost of repairs or rehabilitation into one new mortgage. Changes also include increases to the maximum amount for other allowable fees, including for draw inspection, which is $375.

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Architecture Renovations Inspection Finance 476

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.

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Construction Logistics Technology Real Estate 482

Appraisal Partners Blog

MARCH 12, 2025

FHA appraisals differ from conventional appraisals in several key ways, primarily because they are designed to protect both the borrower and the lender (the FHA insures the loan). An FHA loan is a mortgage insured by the Federal Housing Administration. What is an FHA Loan?

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Appraisal Inspection Market Value Sellers 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 340

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 393

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

Empire Appraisal Group

DECEMBER 12, 2024

Property taxes, insurance, maintenance fees going up and then all these special assessments for repairs. The tragic collapse of Surfsides Champlain Towers South condo building in 2021 left 98 people dead and led to sweeping reform of the states condo inspection law. Its pricing a lot of people out of the market. Bidding wars?

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Real Estate Agent Inspection Real Estate Development 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.

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Real Estate Agent Real Estate Technology Agents 347

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.

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Real Estate Open Houses Brokerage Real Estate Agent 467

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 434

Lamacchia Realty

JANUARY 31, 2025

Evaluating Local Building Codes Building codes in hurricane-prone areas are designed to minimize the damage caused by extreme winds and rain. Inspecting the Propertys Location The location of the property plays a crucial role in assessing hurricane risk. Before making a purchase, review the cost of flood insurance for the area.

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Insurance Inspection Construction Transportation 44

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. They are also used to assess the value of the home for home improvement loans and insurance evaluations. Valuation for insurance claims. Functionality of design and layout.

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Appraisal Inspection Property Taxes Easement 110

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.”

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Law Mortgage Legal Finance 370

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

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.

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Tenants Landlords Property Taxes Real Estate 144

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.

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Renovations Inspection Tools Insurance 78

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

Lamacchia Realty

FEBRUARY 20, 2025

Insurance is essential. Properties located in high-risk areas may require additional flood insurance and structural reinforcements to withstand extreme weather. Before settling in, new residents should inspect properties for compliance with local building codes designed to withstand severe storms.

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Training Design Insurance Logistics 40

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.

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Mortgage Insurance Inspection Sellers 69

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

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

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.

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Real Estate Real Estate Agent Inspection Sellers 77

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.

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Appraisal Process Appraisal Construction Sellers 139

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.

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Insurance Government Mortgage Sellers 69

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.

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Property Appraisal Appraisal Real Estate Real Property 82

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

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.

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Landlords Tenants Logistics Real Estate 144

Appraisal Today

JANUARY 31, 2025

In the Oakland CA firestorm in 2021, many of the homes had reproduction replacement in their insurance policies. The home owners with reproduction costs got very large payments from their insurance companies. Many had larger homes built with sometimes very unusual designs.

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Appraisal Contracts Real Estate Insurance 64

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 90

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

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.

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Appraisal Construction Contracts Architecture 81

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.

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Appraisal Insurance Contracts Business 82

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

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 72

Sammco Real Estate Appraisal Group

SEPTEMBER 15, 2015

Appraiser websites should be designed to help you understand the appraisers experience and specialties, what areas they cover and any additional information that will be helpful in making your decision on who to hire. It’s also important to make sure that the appraiser’s license and E&O Insurance is attached to the completed appraisal.

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Appraisal Appraisal Process Loan Officers Inspection 60