Miller Samuel

NOVEMBER 30, 2018

My friend and appraisal colleague Ryan Lundquist and I authored a petition on change.org to point out the growing wreckless behavior that is enveloping the mortgage process. There’s a proposal from the FDIC, Federal Reserve, and Treasury Department not to require appraisals for some mortgages under $400,000. As we say in the petition , this change can impact several groups in particular: consumers, the taxpayers, the housing market and appraisers.

Appraisal 300

Appraisal Inspection Real Estate Agent Agents 300

Realtor

JUNE 12, 2018

pepifoto/iStock; realtor.com Buying a home is hard, but if you want to learn how to buy a home from a family member, you’re entering truly treacherous territory. Because, let’s face it, we’ve all been to family dinners where a seemingly benign issue can instantly turn into a blood feud. And when it comes to real estate—usually the largest asset most people have—there’s a lot at stake financially.

Inspection 85

Inspection Real Estate Agent Real Estate Contracts 85

Advanced Appraisal

DECEMBER 28, 2018

Chicago and South Suburban Appraisal Blog

Appraisal 78

Appraisal 78

Portland Appraisal Blog

DECEMBER 28, 2018

It’s no secret the lending industry is aggressively pursuing alternatives to traditional appraisals. While most participants in the industry will concede an appraisal is still the gold standard for collateral valuation, they increasingly see the appraisal as something to be steered around or avoided altogether. An array of products/alternatives are being bandied in lieu of a traditional appraisal: Hybrids , Evaluations , BPOs (broker price opinions), Desktop Appraisals, and outright Appraisal Wa

Valuation 78

Valuation Appraisal Loan Officers Real Estate 78

Genworth MI Blog

NOVEMBER 29, 2018

Relax, underwriters, it’s just rural. This story first appeared in HousingWire. Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. A spotlight has been cast on the rural space with questions probing why rural properties often face excessive underwriting conditions for appraisal issues and how rural lending can be increased to differentiate an organization.

Appraisal 78

Appraisal Marketing Training Bracketing 78

Robinson Appraisal Group

NOVEMBER 16, 2018

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 –

Tools 78

Tools Appraisal Lending Inspection 78

Chicagoland Appraisal Blog

FEBRUARY 28, 2018

If you have a deficient condition such as this you may want to repair it prior to an FHA Appraisal. Appraisers must operate faucets to observe water pressure and flow. This is an example that there is low water pressure and an FHA appraisal will be made subject to repair. An issue such as water pressure may seem small, but it is a dramatically negative impact on the appraisal value of a property.

Appraisal Tips 78

Appraisal Tips Appraisal Property Appraisal Inspection 78

Padove Appraisal Service

FEBRUARY 6, 2018

Many are familiar with the use of comparable sales, or “comps” in residential real estate appraisals. In this blog entry, I will explain how this technique is used. A discussion of comparable sales begins with an explanation of why this approach is used in the valuation of real estate. Comparable sales reflect actual market reaction to similar residences, offering insight into anticipated market reaction to the property being appraised.

Real Estate 78

Real Estate Appraisal Sellers Market Value 78

Zillow

MARCH 8, 2018

Like most aspects of owning or purchasing a house, measuring the square footage of a home is complicated. There’s no established standard for measuring a residential property, and everyone seems to measure square footage differently. But if you get it wrong, it can affect your home’s value. There’s no need to be nervous about calculating your home’s square footage, however.

Buyers 63

Buyers Appraisal Real Estate Sellers 63

Anthem Valuation

MAY 2, 2018

New research suggests that for the country as a whole May, June, July are the best times to sell with an overall 6% increase in May for estimated market value. However, in the Twin Cities Metro the best month to sell is June with a increase of 3.1 % in value. [link]. The post When Is The Best Time To Sell? appeared first on Anthem Valuation Blog.

Valuation 60

Valuation Market Value Marketing 60

Miller Samuel

DECEMBER 18, 2018

As always, I had a wonderful conversion with Vonnie Quinn, anchor of Bloomberg TV's Markets today. It was a long interview where we discussed national and NYC metric trends. The following portion covered the Amazon HQ2 story in Long Island City, NY.

Marketing 221

Marketing Architecture Development Landlords 221

Realtor

MAY 10, 2018

Jens Magnusson/Getty Images When your parents pass away, you might find yourself tasked with selling their house—and if you have siblings, hopefully they will offer help on this front. Problem is, in the same way you all squabbled over who had the better bedroom or more toys growing up, you may find yourself embroiled in a whole new kind of family feud as you attempt to unload this baggage-laden piece of real estate.

Real Estate Agent 85

Real Estate Agent Renovations Real Estate Agents 85

Advanced Appraisal

DECEMBER 20, 2018

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Portland Appraisal Blog

DECEMBER 7, 2018

As I mention in the bio for this blog, one of the most influential individuals in my professional development as an appraiser is George Dell. He is a nationally recognized valuation expert who teaches a method he calls “ Evidence Based Valuation ©.” (If you’ve never taken a class from George, stop reading this blog post, go to his website , register for one of his classes— oh, it’s on the other side of the country?

Appraisal 78

Appraisal Tools Valuation Development 78

Genworth MI Blog

NOVEMBER 29, 2018

Relax, underwriters, it’s just rural. This story first appeared in HousingWire. Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. A spotlight has been cast on the rural space with questions probing why rural properties often face excessive underwriting conditions for appraisal issues and how rural lending can be increased to differentiate an organization.

Appraisal 78

Appraisal Marketing Training Bracketing 78

Robinson Appraisal Group

SEPTEMBER 21, 2018

An Estate Sale Appraisal Process. After 25 years of handling estate sale appraisal in the Baltimore Metropolitan area I have seen my fair share of estate sales. But what is an estate sale? An estate sale means a person has died and the party/parties that inherited the property are selling it. Estate properties usually are priced well to reflect that fact that they need work.

Appraisal Process 78

Appraisal Process Appraisal Real Estate Valuation 78

MN Real Estate Services

MARCH 27, 2018

Commercial Real Estate Appraisal Services. Minnesota Real Estate Appraisal Services provides Commercial Real Estate Appraisal Services Throughout the bulk of the state of Minnesota. However, we do most of our work nearby in the Minneapolis St Paul Metro area as depicted on the map below. The post Minnesota Real Estate Services Metro Service Area appeared first on Minnesota Real Estate Appraisal Services LLC.

Real Estate 60

Real Estate Appraisal 60

Patch of Land

NOVEMBER 14, 2018

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.

Market Value 48

Market Value Buyers Lending Real Estate 48

Padove Appraisal Service

JANUARY 14, 2018

I am often asked which home improvements “count” towards the appraised value of a house. This is never an easy question. Many people envision a list of improved items with predetermined relevancy, along with a specific dollar value assigned to each of those items. I will explain in this blog entry why that is not feasible, or reliable approach. There are many items that comprise the totality of a house.

Home Improvement 78

Home Improvement Appraisal Construction Renovations 78

Zillow

JUNE 15, 2018

Home equity is the percentage of your home's value that you own, and it's key to building wealth through homeownership. Let's take a closer look at how to build home equity without blowing your budget - and how to access it when you need it. How much equity do you have? Equity is easy to calculate when you first buy a home because it's basically your down payment.

Home Value 62

Home Value Buyers Mortgage Home Improvement 62

The People's Appraisal Blog

DECEMBER 13, 2018

It feels good to be back. Thanks for all for waiting. For those who aren’t familiar with what an AMC is, its short for Appraisal Management Company. After the 2008 crash they were installed to be the order manager for the lender and ensure appraiser independence. If you’ve already read “what’s not in your wallet or round and round” go get a little more familiar before reading this.

Business 36

Business Appraisal Inspection Valuation 36

Miller Samuel

DECEMBER 14, 2018

The Winter 2019 Issue of Elliman Magazine was just released. I provided a two-page spread showing various market tidbits on random U.S. markets where Douglas Elliman has a footprint. The magazine is well done and a good aspirational read. [click to expand].

Marketing 221

Marketing 221

Realtor

NOVEMBER 21, 2018

istock/cnythzl A new proposal to reduce the number of homes requiring in-person appraisals could save home buyers and those attempting to refinance hundreds of dollars, and speed up the process. This may sound like a well-timed holiday blessing, but appraisers who would be affected by the change say it could also pose all sorts of problems. The plan would require human appraisals only for purchases of homes costing $400,000 and up.

Appraisal 78

Appraisal Sellers Government Real Estate 78

Advanced Appraisal

DECEMBER 13, 2018

Appraisal 78

Appraisal 78

McCarthy Appraisal Blog

NOVEMBER 13, 2018

“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.

Appraisal 36

Appraisal Real Estate Market Value Design 36

Texas Home Appraisal Blog

OCTOBER 17, 2018

The Cost of Getting your Home Ready for Sale Making arrangements for the sale of your house will normally cost between a few hundred dollars on the lower side and a few thousand dollars on the upper side. Let us assume that you’ve decided to sell your home FSBO, so you are doing this without the help of a realtor. The first thing you’ll start with to get your property ready is obviously cleaning and.

Realtors 36

Realtors Appraisal Appraisal Tips 36

Robinson Appraisal Group

MAY 16, 2018

Interest rates for buyers with good credit or credit worthiness for a 30 year loan is approximately 4.875% while average buyers fall around 5%. A hike in rates have been talked about since last year with minimal increases until recently. Mortgage rates started around 4% at the beginning of 2018 and have seen a steady increase. With the positive retail sales data and the rising home costs due to low inventory in some of the major markets the interest rate hike is not a complete surprise.

Real Estate Agent 78

Real Estate Agent Real Estate Inventory Retail 78

ACT Appraisal

OCTOBER 10, 2018

Natural disasters, like hurricanes, wildfires, and tornados, can have a huge impact on the appraisal industry. For residential appraisers, the work can increase shortly after a natural disaster, whereas, for commercial appraisers, the work may decrease as business transactions dip as people focus on their homes. What are Disaster Inspections? Post-disaster inspection reports and appraisals are critical for homeowners, lenders, and insurance companies.

Appraisal 36

Appraisal Inspection Construction Valuation 36

Patch of Land

OCTOBER 16, 2018

First, the good news for house flipping: Average gross profits have risen steadily over the last few years. As the 2018 house flipping report from research firm ATTOM Data Solutions shows, completed house flips in 2017 yielded an average gross profit of $68,143, representing a 49.8% return on investment. Gross profit is defined here as the difference between purchase price and flip price, not accounting for expenses incurred.

Investing 45

Investing Inventory Housing Market Contracts 45

Hood Homes Blog

SEPTEMBER 21, 2018

Updated 9/21/18; Originally published 2/7/16. It’s awesome! Your dream home. You’ve gone to a few builder model homes in Killeen , Harker Heights , and Copperas Cove , and this is The One. You’re excited. Your spouse is ecstatic. You’re already picking out the floors, paint, brick and browsing furniture at Ikea. The builder’s rep already preapproved you with their lender and has a contract out ready for you to sign.

Contracts 36

Contracts Construction Agents Legal 36

Zillow

JULY 19, 2018

If you want good neighbors, you'll first have to become one yourself. Master these seven techniques, and even you (yes, you!) can win the approval of your entire neighborhood. 1. Good neighbors bring cookies. Whether you're new in town or haven't kept in touch, a delivery of freshly baked goods is a perfect way to break the ice and let neighbors know that you're thinking of them.

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Training Tools 61

The Colorado Real Estate Blog

AUGUST 2, 2018

Real estate ownership in Colorado is booming, and while that’s great for the economy, it also means real estate development is encroaching on previously wild lands. While building disrupts animal habitat, many species are thriving in urban and suburban areas.

Real Estate 36

Real Estate Development 36

Miller Samuel

DECEMBER 12, 2018

Since housing market trends are all about seasonality, I thought it was interesting that the Manhattan residential vacancy rate seems devoid of such patterns. What am I missing here?

Housing Market 221

Housing Market Marketing 221

Realtor

NOVEMBER 21, 2018

istock/cnythzl A new proposal to reduce the number of homes requiring in-person appraisals could save home buyers and those attempting to refinance hundreds of dollars, and speed up the process. This may sound like a well-timed holiday blessing, but appraisers who would be affected by the change say it could also pose all sorts of problems. The plan would require human appraisals only for purchases of homes costing $400,000 and up.

Appraisal 78

Appraisal Sellers Government Real Estate 78