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What do you get when you combine home renovation specialists with a lender that can provide funds in short order? The new partnership between HouseAmp and Renovation Sells. The technology companies will tether their respective services with the goal of streamlining the process of getting a home ready for sale.
AI can create virtually staged images to match any trendy interior design style you can dream up for a small fraction of the price of traditional virtual staging. Its proprietary AI technology can also remove furniture, declutter listing photos and create realistic renderings of landscaping and exterior renovations.
Revive has released a new tool named “Revive Vision AI” designed to assist real estate professionals in property valuation. This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation.
The real estate sector is constantly evolving, and one technology has emerged as a true game changer: virtual reality (VR). This transformative technology has opened up a new world of possibilities, empowering agents and captivating potential buyers like never before.
Smart home technology is not optional Gen Z marks the first generation of true digital natives. This group was raised on technology and expects their homes to be outfitted accordingly. Easy renovations are key For spaces that might not be immediately appealing, Gen Z wants those that can be easily renovated.
Considering how much construction technology, materials, and techniques have evolved, building a new home should be far simpler than it is. We can get to a 10 — I’m confident we will get to a 10 — but it’s unlikely unless we use technology to get there. There are too many obstacles along the way that don’t need to exist.
The "Marketing Center" is designed to explain the appeal of pre-renovations to consumers using campaigns that include print and digital messaging as well as case studies from closed sales.
This can range from features such as more enormous closets, kitchens, and bathrooms to designated home offices or family spaces. Lower maintenance and utility bills: New homes are built with the latest energy-efficient standards and, in some cases, smart technology.
However, manual reviews of appraisals, property condition, renovation estimates, and more do not scale efficiently. Today, new technology can assist appraisers, AMCs and lenders with visual inspection, analysis, and intelligence to validate information, detect issues, and derive data-backed insights on every loan.
Today, a mortgage lender must have scalability in its operation, an ability to pivot quickly to meet changing market conditions and client needs, a well-designedtechnology stack and, above all, a keen sense of what its customers and the marketplace truly want from them. The lender’s role in succeeding by helping its LOs succeed.
Further, Fannie notes, “Leveraging the wealth of big data, the power of advanced analytics, and the speed of technology, appraisers can perform desktop appraisals without physically inspecting the property.” AVMs do not account for upgrades or renovations. ” Amazing, right? What about AVMs? So, what can AVMs do?
Many of these seniors are able to defer move-in decisions partly because improvements in healthcare and new technology have made aging-in-place easier, less expensive and less isolating,” the Journal stated. Aging in place has become easier and is often a far less costly alternative to senior living facilities.
Not only does Flagstar offer brokers direct access to seasoned sales, support and underwriting teams, it also provides a product set that includes specialty lending options like Advantage non-agency loan, jumbos, new construction, renovation products and HELOCs, and in the pipeline, loans to foreign nationals, seconds and investor property loans.
The first resource is its newly renovated Broker Portal that brings the power of its proprietary H2O origination system together with an elegant interface to highlight next steps, critical tasks and key contacts. Caliber offers a “triple play” of resources to help elevate a broker’s business. David Schroder, EVP, Third Party Originations.
And I think it’s important for lenders to frame the product that way with borrowers – as a proactive tool designed specifically for older homeowners and one that can help them retire with more financial freedom and peace of mind.
But technology — particularly leveraging generative AI — can help solve these challenges in new ways. The sprint culminated with a demo day on Thursday where 12 teams presented their solutions to a panel of technology, regulation and housing experts. Each team presenting a use case had to address risk and compliance concerns.
Update your listing presentation Designing a winning listing presentation may seem challenging, but you don’t need to reinvent the wheel! Many resources and templates are available (both free and paid) to help you design a knockout listing presentation. Conversely, some repairs, renovations or updates may not be worthwhile.
Instead of generic design templates, LCA Marketing Center’s templates are designed for agents, by agents. The app allows you to quickly choose and edit design templates for social media, flyers, postcards, and even signs and business cards — all from your phone.
Communication took on many forms, including development of written documents stating client reporting requirements, utilizing technology platforms to increase transparency throughout the appraisal process, and developing feedback to the appraiser on appraisal submissions. Technologies are moving fast. Progress in Revision Rates.
The Brookings Institution summed it up well: “Today, downtown Detroit is nearly unrecognizable from previous decades, with new features such as the QLine streetcar system, a renovated Detroit Tigers ballpark, a riverwalk, and Campus Martius Park. How can we help Detroit and similar places? As Coleman A. I hope you will join me.
A few of the incentives and programs leading the way when it comes to cleaner building include: BC Energy Step Code – The BC Building Code requires a 20% energy efficiency improvement for most new builds in BC Vancouver’s Zero Emissions Building Plan (ZEB) – A plan to transition to zero-emission new construction by 2030 BC Hydro’s Power (..)
San Francisco, CA – Eppraisal.com, a leader in AVM solutions, is excited to introduce Connect , its latest innovation in lead generation designed specifically for real estate agents, brokers, and mortgage professionals.
Interior: Inside, the appraiser will pay close attention to the size and layout of rooms, the quality and condition of finishes (flooring, walls, ceilings, fixtures), the number of bathrooms and bedrooms, and any upgrades or renovations that have been made. The age of appliances, mechanicals, and overall design also factor in.
The awards, called ADDYs, are highly coveted in the advertising and marketing space, and Revive took home a Silver ADDY for its mobile app Revive Home and a Bronze ADDY for its website design and content.
Sherri Eckles, SVP Renovation & Construction, TPO Go “In addition to her full-time job, Sherri Eckles volunteers with numerous organizations, all focused on affordable housing. Seeing them overcome challenges and fulfill their dreams has been deeply gratifying to me.
Or I could go to a store that specializes in running shoes and purchase shoes that are more expensive but clearly designed for the rigors of running. Cheaply made shoes may fall apart rather quickly compared to high-quality running shoes that are made with better materials and technology. Does it really matter in the long run?
After your purchase, you can renovate the property to make it suit your tastes and fit your needs. Depending on the extent and cost of your home improvement goals, you might need to take out a loan for renovations. A home renovation loan is most likely not going to be the same as your mortgage. Why Remodel Your Home?
Research : Also coined in the industry as “flex,” flex space is utilized for research and development to design new products. They have usually been constructed over 20 years ago and require renovation at this point. Class A properties sell themselves, and Class B and C’s can be renovated to cater to a target market.
During the pandemic, he and his parents channeled their love for construction into launching SLK Properties LLC, a home renovation and property maintenance company, where he remains a co-owner. The companys growth is fueled by its formula of offerings to its agents.
Benefits of Aging in Place The concept of aging in place began to gain recognition in the 1980s , but it’s now fully realized in today’s age of technology. Options for a Forever Home Some people may decide to renovate their homes when contemplating where they will age in place.
These initial investments in new technology dramatically reduce consumption and increase property value. Advancements in smart home technology also make it possible to monitor and lower energy usage. Most commonly managed via smartphone apps, these technologies easily create customized control over your home’s energy expenditure.
While some sellers may renovate a bathroom or do small improvements to make the home feel new , don’t overlook the power of a fresh hardwood floor. Hardwood Floors Offer Design Versatility Certain home features can make or break it for home buyers. Potential home buyers may be looking for that extra bit of charm that wood floors offer.
Popular tools include Synapse by Spark, Solomon Adjustment Calculator, and Redstone by Bradford Technologies. 71 Cobb Lane Sitting closest to the water, the 17,173-square-foot residence at 71 Cobb Lane was designed by Barnes Coy Architects. I’m always looking for something new = What Impact Do Renovations Have on Appraisal Value?
Commercial real estate developers are ensuring that the goal of Earth Day is being met, as evidenced by widespread initiatives in green design and sustainable building. Upgrades to existing buildings brought an even bigger reduction in operating costs globally, with green renovations at 11.5% savings over five years.
Modernize with cutting-edge appliances, redefine surfaces with sleek countertops, and introduce cabinetry that seamlessly blends contemporary design with practicality. Smart Home Innovations: A Glimpse into Futuristic Living Infuse your property with smart home technology, offering a glimpse into the future.
Remember, a tastefully renovated kitchen not only enhances resale value but also makes daily living more enjoyable. Neutral colors and timeless design choices in bathrooms tend to attract a broader range of buyers. Integrating smart home technology can give your property a modern edge in the real estate market.
In essence, mixed-use properties are defined by their efficient design, convenient location, a wide range of amenities, affordability, and high-quality tenants. approve of sustainability and smart, green technology. Midtown even has a special zoning category for such uses within designated geographic areas.
Consider these maintenance tips: Daily 10-Minute Tidy Spend just 10 minutes each day returning items to their designated spaces. Monthly Reassessment Every month, take a critical look at your spaces and make necessary adjustments.
67 percent of millennial home buyers would put an offer on a home in need of a full or partial renovation. Millennials were raised in the fast-paced world of technology, where the answer to pretty much anything can be found by tapping a few buttons on their phone. Mobile phone use reigns supreme. The minute mortgage.
In its latest study of homes for sale analyzing six years of kitchen pictures, AI company Restb.ai learned that white kitchens with islands are the market's most sought-after, among other regional findings.
Valuing Appraiser Professionalism: A Blueprint for Survival By Jo Traut, McKissock Learning Excerpts: Having spent nearly three decades in the field of real estate appraisal, I’ve witnessed firsthand the evolution of our profession, particularly with respect to technological advancements. This phenomenon isn’t unique to our discipline.
We'll explore a plethora of resources available to homeowners, ranging from online platforms to in-person events, designed to empower and guide DIY enthusiasts towards maximizing their home's value. Many professionals offer consultations or design services tailored to homeowners' specific needs and budgets.
In other words, a property could become functionally obsolete when its design, style, amenities, or technology no longer meet the needs and/or expectations of modern tenants. There are no clearer examples of functional obsolescence than in the realm of technology. ” Economic Obsolescence.
Tech-enabled platforms: Combine aspects of traditional and FSBO methods with modern technology. While traditional real estate agents can be helpful, many savvy sellers are now turning to innovative online platforms that combine technology with personalized service. Think about what made you fall in love with the home initially.
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