October, 2017

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How to Handle a Low House Appraisal and Not Lose Your Dream Home

Realtor

Kenishirotie/iStock It’s disheartening when a house appraisal comes back lower than the purchase price you and the seller agreed on. Your loan will cover only the appraised value of the home, so having to cover tens of thousands of dollars more than you anticipated could throw a serious wrench in the plan. Here’s what to do if the home you made an offer on appraises low.

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Real Estate Appraisal Resources: The Ultimate List

Realvals

The following is a list of real estate resources compiled for the purpose of having a quick reference to these sources. I will be adding to the list as needed so come back often. Appraisal Organizations. Appraisal Foundation (TAF). Appraisal Subcommittee (ASC). Appraisal Institute (AI). American Society of Appraisers (ASA). American Society of Farm Managers and Rural Appraisers (ASFMRA).

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Square footage: Ask three professionals, get three different answers.

Padove Appraisal Service

Imagine you are in the process of purchasing a home. The real estate agent you are working with tells you the house is 2,200 square feet. The local tax assessor indicates that it’s 2,350 square feet. The appraisal report was just delivered and it says the home is 1,925 square feet. Who’s right? Maybe they’re all right! A real estate agent’s job is to market homes.

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Real Estate Appraisal: The Real Value of Your Home

Aedis Appraisals

Normal. 0. false. false. false. EN-GB. X-NONE. TH. If you need to sell your home, how do you set a price? How much do you ask for the place you’ve lived and even raised a family? When you want to buy a home, what amount do you use to set your budget and how much are you willing to pay for the home that you want? While these are important questions, the answers may not be realistic for the type of home, the location, or the economy.

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The Lightning Capital of the Country is Heating Up for Real Estate Investors

Patch of Land

Some say that Tampa, Florida is the lightning capital of the nation. But, lightning doesn’t have to strike twice for investments to pay off in this economy. An affordable housing market, access to beautiful beaches, and a low unemployment rate make Tampa a place to keep on your investment radar. The housing market in the Tampa-Saint Petersburg continues to strengthen.

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How to Handle a Low House Appraisal and Not Lose Your Dream Home

Realtor

Kenishirotie/iStock It’s disheartening when a house appraisal comes back lower than the purchase price you and the seller agreed on. Your loan will cover only the appraised value of the home, so having to cover tens of thousands of dollars more than you anticipated could throw a serious wrench in the plan. Here’s what to do if the home you made an offer on appraises low.

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A Seller Giving a Counteroffer Over the Asking Price: Absurd but Not Unheard Of

Realtor

SIphotography/iStock Can a seller give a counteroffer over the asking price? (It seems strange—if the seller thought the home was worth more, maybe he should have started with a higher asking price.) Well, the short answer is yes. “Absolutely, the seller can counter your offer above the listing price,” says David Welch , a Realtor® in Winter Park, FL. “Whether or not the property will appraise is a different question.” That, of course, is one of the difficulties of findi

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A Seller Giving a Counteroffer Over the Asking Price: Absurd but Not Unheard Of

Realtor

SIphotography/iStock Can a seller give a counteroffer over the asking price? (It seems strange—if the seller thought the home was worth more, maybe he should have started with a higher asking price.) Well, the short answer is yes. “Absolutely, the seller can counter your offer above the listing price,” says David Welch , a Realtor® in Winter Park, FL. “Whether or not the property will appraise is a different question.” That, of course, is one of the difficulties of findi

Sellers 78
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Real Estate Appraisal: Accurate Information for All Concerned

Aedis Appraisals

Whether you’re the buyer or the seller in a real estate transaction, an accurate appraisal delivered by an experienced appraiser is more than important. It’s essential. When a specialist comes to see a property, they view it closely to determine a true value. The goal is to provide protection for everyone involved – lender, seller, and buyer. Think of it from this point of view: Once a reliable appraiser completes the work and provides you with an accurate report, you will have a value on the pr

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Rapid Growth Makes Miami The Magic City

Patch of Land

Miami is known for beautiful beaches, Cuban culture, and an exciting nightlife. The city that was once in the epicenter of the housing bust is now a roaring market that's attracting savvy investors. The sandy beaches are one of the biggest draws in Miami. The weather is beach-friendly year round. The culture sprung up around beach life and spawned a thriving nightlife.

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Real Estate Crowdfunders Turn to Auto-Invest

Patch of Land

Automatic investment tools are gaining traction with real estate crowdfunding platforms as a way for investors to obtain greater access to transactions that meet their investing criteria. Available on most well-known real estate crowdfunding platforms, auto investing allows real estate investors to select parameters to gain regular and immediate access to deals that meet their investment strategy.

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Understanding LTV vs. ARV

Patch of Land

In the world of real estate investing, you’ll often see LTV (Loan-to-Value) versus ARV (After Repair Value) as common means for evaluating the risk of a loan as it relates to a residential property. The Loan-to-Value ratio is the amount being borrowed as compared to the value of the property, while the After Repair Value is estimated based on the value of the property after the renovations are completed.

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What Real Estate Investors are Finding “Deep in the Heart of Texas”

Patch of Land

The motto “Keep Austin Weird” is an illustration of how the capital of Texas revels in its uniqueness relative to the rest of the state, but Austin joins other Texas cities when it comes to opportunities for real estate investors. Long known for its thriving music scene, the flagship campus of the University of Texas, and the “Silicon Hills”, home of many technology companies, Austin is a top destination for investment dollars.

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Patch of Land is Proud Sponsor of the Think Realty National Conference & Expo in Atlanta

Patch of Land

Patch of Land will be sponsoring and attending the Think Realty National Conference & Expo in Atlanta. The conference will be held on October 14-15, 2017 at The Westin Buckhead. Think Realty National Conference & Expo is the place to connect with pros and get info you can use to earn more return on your real estate investments. Take advantage of our high-impact session lineup to position yourself for growth, and learn new tips and tricks to be successful with your investments in our

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New AutoInvest Feature Enhances Patch of Land Real Estate Investing Platform

Patch of Land

We’ve rolled out an automatic investment tool, AutoInvest, to help our investors access investment opportunities that meet pre-selected investing criteria. Our goal is to provide you with quick and easy "tailored-to-you" investing as we want to help our investors avoid missing out on deals that get funded quickly. We think you’ll see several nice benefits from Patch of Land’s new AutoInvest feature: Automatically participate in first-lien real estate loans based on pre-selected investing criteri

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Patch of Land to Attend FinCon 2017 in Dallas

Patch of Land

Patch of Land is excited to attend #FinCon17 on October 25-28, 2017 at the Sheraton Dallas Hotel ! FinCon: Where Money and Media Meet. On October 25th-28th, 2017 an energetic community of money media nerds will descend on Dallas, TX for a weekend of connecting and learning. Will you be there? Attendees connect with others in the community, learn to create, promote, and profit from compelling online content, and discover new trends in personal finance and investing.

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Patch of Land to Attend AAPL's Annual Conference in Las Vegas

Patch of Land

Patch of Land is looking forward to attending AAPL's Annual Conference on November 12-14, 2017 at Caesars Palace in Las Vegas, NV. AAPL’s 8th Annual Conference is one of the largest events dedicated to private lending, the Conference provides strategic, industry-specific education, distinguished speakers, valuable sessions, unlimited networking engagements, and so much more for professionals across real estate servicing.

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Real Estate Investing in the Borough of Homes and Churches - Brooklyn

Patch of Land

They say that if you can make it in New York, you can make it anywhere. For the past decade or so, Brooklyn has been the hottest borough in the city, even surpassing Manhattan, especially for the millennial demographic. With wide-ranging neighborhoods from the ultra-hip DUMBO and Park Slope to up-and-coming Bedford-Stuyvesant and East New York, or the suburban feeling Midwood and Canarsie, there is something for everyone.