Housing Wire
SEPTEMBER 30, 2020
Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. With shut-down orders in the spring, summer became the new home-buying season, but homebuyers were still incredibly active in August. Now, believe it or not, fall home-buying season is in full swing.
Boston Appraisal
SEPTEMBER 22, 2020
The backbone of any real estate appraisal is the highest and best use analysis. All properties have a highest and best use – and this is not always the current use. There are four qualifiers that help to determine the highest and best use of a property. The use of a property must be… Legally Permissible. Physically Possible. Financially Feasible.
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The Robert Weiler Company
SEPTEMBER 20, 2020
Commercial property management is a year-round task as weather changes can bring unexpected complexities to inexperienced property owners throughout the seasons. Every season poses a unique set of challenges. The property you oversee must be ready for any weather condition, regardless if you’re encountering winter snow or summer winds. Managing apartment buildings, or an office, retail, or warehouse space?
Midtown Appraisal Group
SEPTEMBER 29, 2020
How do appraisers arrive at a valuation of your home? We’ve talked before about the step-by-step process involved in the residential appraisal process. But what are appraisers really looking for when they’re walking around your property, making notes on their clipboard or tablet?
Simonson Real Estate
SEPTEMBER 25, 2020
Since the onset of COVID, market data remains sparse for certain property types. The team at Simonson Appraisals has found that one of the best tools we have to overcome this challenge while continuing to produce reliable and credible appraisals is speaking with owners, lenders and other market participants dealing with the different segments of commercial real estate.
Yolo Solano Appraisal Blog
SEPTEMBER 25, 2020
Six months after the Covid-19 stay-at-home order hit Yolo County, what’s happened to residential real estate in local markets? Sales activity in Davis was low at the start of 2020 before the pandemic hit and continued into the spring with a massive drop in May. As shown below, Davis is way behind in sales compared […].
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
McKissock
SEPTEMBER 30, 2020
Once upon a time, real estate listings were bloodless facts about the number of bedrooms, square footage, and amenities like a lap pool and flat backyard. Today, experienced agents are putting on their writers’ caps and telling compelling stories about properties for sale and using storytelling to help sell a house. From cradle to grave, people love stories, and that doesn’t change when they search for a property to buy or rent.
The Robert Weiler Company
SEPTEMBER 25, 2020
If you own several properties (or even just one), the chances are that you don’t have much time on your hands. That’s why a property management company is the perfect solution for commercial real estate owners like you! Owning commercial property is a considerable undertaking. As an investor, you must ensure that your real estate appreciates by making smart improvements.
Advanced Appraisal
SEPTEMBER 11, 2020
09/11/2020
Aspen Appraisal Group
SEPTEMBER 25, 2020
An essential aspect of selling or buying a home is the appraisal. An appraisal on a home is an unbiased evaluation of what the property is worth. This is done by a certified or licensed professional. The appraisal includes an in-person inspection of the home and its condition along with comparable home sales in the market and within the neighborhood.
Boston Appraisal
SEPTEMBER 22, 2020
The backbone of any real estate appraisal is the highest and best use analysis. All properties have a highest and best use – and this is not always the current use. There are four qualifiers that help to determine the highest and best use of a property. The use of a property must be… Legally Permissible Physically Possible Financially Feasible Most Productive The goal of the real estate appraiser is to identify the use of the property that will be the absolutely most profitable use within
Housing Wire
SEPTEMBER 22, 2020
Sales of existing homes rose to a 14-year high of 6 million in August, the National Association of Realtors said in a report on Tuesday. Combined sales of single-family houses, townhomes, condominiums and cooperatively owned apartments rose 2.4% from July, according to the report. Compared to a year ago, prior to the COVID-19 pandemic, last month’s sales were 11% higher, NAR said. “ Home sales continue to amaze , and there are plenty of buyers in the pipeline ready to enter the market,” sa
McKissock
SEPTEMBER 23, 2020
Quality tenants—those who pay on time, take care of the property, and follow the rules of their lease—are a rental property manager ‘s dream. After all, finding new tenants is expensive and time-consuming. The cost of advertising, showing the property, screening potential tenants and more eats into landlords’ profits, especially as the property sits vacant.
The Robert Weiler Company
SEPTEMBER 23, 2020
Owning commercial property is a huge responsibility. Most building owners and multi-family real estate investors don’t realize that property management companies can completely relieve them of the day-to-day administration of property, prospects, and tenants. The ability to outsource oversight and stewardship of commercial property removes a considerable burden of responsibility, allowing CRE owners more time to focus on generating ROI on current and future investments.
JMV Lending
SEPTEMBER 17, 2020
Our Social Media Manager recently noted a lot of comments on social media regarding appraisal issues – both low values and delays. The conditions that foster these issues are worse than ever right now and I wanted to discuss a few reasons why. LOW VALUES: WHEN SUMMER = SPRING Spring is usually the issue. Appraisers […]. The post Appraisal Issues – Low Values, Delays & Why; When Summer = Spring appeared first on JVM Lending.
Annarbor Appraisal
SEPTEMBER 6, 2020
Challenging the results of the appraisal for mortgage financing. The first thing to remember as a consumer or real estate agent, is that the client is the lender, not the consumer. Even though the consumer may pay for the appraisal, they are no more the client than is the credit reporting agency or title company hired directly by the lender. The lender obtains the appraisal to ensure that the collateral is adequate for the loan (remember the three C’s of credit, capacity, and collateral).
Listing Spark
SEPTEMBER 30, 2020
It’s a new month, but it hasn’t gotten any easier for buyers out there. Quite the contrary, it’s getting tougher every day. That’s great news if you are a seller though. . What’s driving this? In short, huge demand that inventory simply can’t keep up with. Homes are selling at such a feverish pace that active listings are plummeting across the board, further lowering our months of inventory available to buyers.
Housing Wire
SEPTEMBER 18, 2020
For Victoria Murphy, a RE/MAX agent in Oahu, Hawaii, getting her Realtor license was always a part of her plan. But shut-down orders in March helped push the college student to get it done. Murphy said the shut-down gave her enough time to get through the pre-licensing course and she was able to enter the real estate world feeling excited and determined.
McKissock
SEPTEMBER 22, 2020
McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership ?
The Robert Weiler Company
SEPTEMBER 30, 2020
In the age of social media, we’re frequently asking friends and family for their thoughts on a subject. Unlike a commercial real estate appraisal review, most of the answers from “Facebook experts” are not fact-based; the responses on your social media post will range from beliefs to convictions to opinions. Fortunately, we do not conduct commercial real estate appraisals on social media!
REX Real Estate
SEPTEMBER 14, 2020
Calls for social and economic change gripping America have shed new light on the…
Willowbrook Valuation
SEPTEMBER 10, 2020
Over the next few months, we are taking a closer look at specific property types and discussing how they’ve changed since the start of the global pandemic. Our first installment of the series focused on the uncertainty surrounding the hotel industry. This time, we take a look at the impact of the pandemic on the […]. The post Assessing the Impact of COVID-19 on: Offices appeared first on Willowbrook Valuation & Advisory Services.
Property Metrics
SEPTEMBER 19, 2020
There is a wide spectrum of lease types in commercial real estate. To make it easier to communicate with others, it is not uncommon for complicated leases to be described using simple language. The ‘double net lease’ in commercial real estate is a term that describes a certain type of lease agreement, but it’s not always as simple as it might sound.
Housing Wire
SEPTEMBER 15, 2020
Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 trillion. The dollar-volume record will be boosted by $2.4 trillion in refinancings, the highest level since 2003 and more than double the level seen in 2019, the mortgage giant said in a forecast on Tuesday. “We continue to believe that a low-rate environment will support refinance demand over the forecast horizon,” Fannie Mae said in the forecast.
McKissock
SEPTEMBER 18, 2020
When a real estate appraiser is called to testify in a court, it could be as one of two types of witnesses. If you are called to testify as an appraiser, it’s important to determine at the time of the request which of the two types you will be: fact witness or expert witness. One has lower liability and responsibility, and the other has greater financial reward.
The Robert Weiler Company
SEPTEMBER 18, 2020
Columbus, Ohio is home to many residential and commercial rental properties. In the past few decades, we’ve noticed a steady increase in building owners and landlords looking for help. Let’s face it, property management is a long-term ordeal, and not everyone has the time to perform real property management – you are not alone. Maintaining and running a property can quickly become overwhelming.
REX Real Estate
SEPTEMBER 9, 2020
When someone says “modern farmhouse,” I instantly think of Chip and Joanna Gaines –…
PennyMac
SEPTEMBER 18, 2020
Purchasing, updating, and decorating your home was a big investment. It is your family’s refuge and holds both treasured memories and valued possessions: in short, all things that you want to protect. We talked with several security experts to discover and share their top tips for home protection. Their advice was varied, but they all agreed that using a smart combination of the right tools, techniques, and safety measures is the key to protecting your home and family.
Listing Spark
SEPTEMBER 18, 2020
Brian and Ginger recently sold their home in Lewisville TX (just outside Dallas) through ListingSpark and were extremely successful. Here is a glimpse through their journey that started as a For Sale By Owner. Like many other For Sale By Owner sellers around Texas, Brian and Ginger needed to sell their home but were looking for a different and affordable option.
Housing Wire
SEPTEMBER 9, 2020
Telecommuting is growing in popularity as more companies establish work-from-home protocols. With this new flexibility, nearly 2 million renter households could become homeowners , according to Zillow. Renters who are employed with a job that could be done remotely and might be priced out of their current market could afford to buy the typical starter home elsewhere in the U.S. “If remote work becomes a bona fide long-term option especially with the pandemic, that could reshape the U.S. ho
McKissock
SEPTEMBER 16, 2020
First-time homebuyers are a crucial demographic in the real estate market and have continued to grow as a niche for real estate professionals. However, there are certain attributes of this demographic that you should consider before you pursue this buyer category. Judy Crockett, real estate agent and certified residential specialist states that “working with first-time buyers is challenging primarily because the buyers are typically younger, inexperienced, and overwhelmed by the logistics of pur
Appraisal Hub
SEPTEMBER 24, 2020
Appraising the value of a commercial real estate property is never an easy task. There are many things to consider, such as the current market price, rental rate, and how much the buyer is willing to pay. If this is your first time selling or leasing a property, there are many appraisal services in Toronto that can help you. Here are commonly used valuation methods to give you an idea of what a property appraiser might use: Value per Unit – This method generally applies to apartment buildi
REX Real Estate
SEPTEMBER 21, 2020
There’s nothing that can squash a deal faster than a bad home inspection.
PennyMac
SEPTEMBER 9, 2020
The answer is, no. The down payment amount can vary depending on the type of loan for which you’re applying. Fortunately, there are numerous ways to save, as well as down payment assistance programs and other funding sources for buyers. We compiled a list of alternative options for your down payment. Let’s first see what the down payment amount is for the type of loan you’re looking at.
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