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The one thing that always remains constant is change. As appraisers in this ever changing industry we have seen changes in the market, technology, bank requirements, emergence of management companies and appraisal form changes. The most recent Fannie Mae change is the removal of the 1004MC form in an appraisal. This form has been a requirement since 2009 as a tool to establish the increase, decrease or stabilization of markets in the aftermath of the housing crisis occurring between 2007 –
We have all heard the saying that smart real estate purchases are based on location, location, location. But that suggests you focus only on where to buy a home. What about when? Data indicates that there are definitely months of the year—and even specific days—when you are statistically more likely to acquire a property at a discounted price. On some days, in fact, that price can be many thousands of dollars below a property’s estimated market value.
“What is my home worth” is probably the single most popular question asked when someone decides to put their home on the market. In real estate, finding out how much your home is worth is done through an appraisal, which determines the value of your house in the present day market. There are several factors taken into account when valuing a home…. The first is reproduction cost.
Whether you’re a seasoned house flipper or just planning to take your first entrepreneurial step as a real estate investor, you should always be on the lookout for new tools, processes, and best practices that can help you improve your business. For this post, we offer five great technology tools to help real estate investors of all types, particularly house flippers. 1.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
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