Appraisal Buzz

AUGUST 13, 2024

While the industry is no stranger to predatory and/or unfair lending practices, new advisory opinion and research study on a type of home seller financing known as a “contract for deed” has been released by the Consumer Financial Protection Bureau (CFPB).

Contracts 367

Contracts Investors Sellers Lending 367

Housing Wire

SEPTEMBER 17, 2024

former Federal Housing Financing Agency (FHFA) director Mark Calabria made the argument that a larger credit box has caused the government-sponsored enterprises (GSEs) to take on far more risk than they should be. . “If you don’t fix them, the ability legally to take additional risk is constrained,” he said.

Property Taxes 434

Property Taxes Government Legal Insurance 434

Housing Wire

OCTOBER 27, 2023

You’re asking them to try to take the place of real estate agents who guide consumers through all the legal, financial and community complexities of buying a home even as 89% of homebuyers would use their agent again or recommend their agent to others. Real estate agents know city and county property taxes.

Real Estate Agent 488

Real Estate Agent Real Estate Realtors Buyers 488

Cleveland Appraisal Blog

JUNE 23, 2023

Start thinking about the financing options available, such as mortgages, loans, and grants, and the associated interest rates, repayment terms, and fees. Land ownership comes with legal obligations which can change quite a lot depending on where you are buying land. Is it sustainable? What are the local regulations?

Property Taxes 196

Property Taxes Legal Law Property Appraisal 196

Padove Appraisal Service

FEBRUARY 24, 2023

There are several reasons why someone may want to get a real estate appraisal: Buying or selling a property: If you are buying or selling a property, an appraisal can help determine its fair market value, which can be useful in negotiations and setting a listing price.

Appraisal 148

Appraisal Property Taxes Insurance Market Value 148

Birmingham Appraisal

DECEMBER 17, 2024

Tip for Agents: Double-check the property address before submitting it to the appraiser, ensuring it matches all marketing materials and legal documents. An incomplete or incorrect legal description can complicate the appraisers research and lead to errors in the valuation.

Appraisal 76

Appraisal Easement Real Estate Agent Valuation 76

Housing Wire

FEBRUARY 8, 2022

To Dana Dillard, principal advisor at Housing Finance Strategies and a 25-year mortgage industry veteran, the ghosting problem happens, among other reasons, because homeowners deny the reality or feel overwhelmed with their debts — especially if they lost a relative or friend due to COVID-19 or are unemployed for a while.

Law 370

Law Mortgage Legal Finance 370

The Robert Weiler Company

JANUARY 2, 2021

Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer. On the flip side, a land contract is the sale of a property, where the seller finances the deal.

Contracts 143

Contracts Tenants Legal Sellers 143

Realvals

JUNE 18, 2023

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Estate planning, property tax appeals, divorces, and gifting, are some of the many others. Estate Taxes In some cases, local laws may require appraisals for estate tax purposes.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

Raleigh Realty

AUGUST 17, 2021

It should be noted that not every state uses due diligence fees in real estate transactions, so it is important to consult with your real estate agent so they may educate you on the legal implications of a housing contract. Any existing easements on the property which legally allow another party to use someone else’s property.

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

D Fritz Appraisals

NOVEMBER 16, 2023

A home appraisal is a key part of the financing portion of any new or refinanced mortgage or loan agreement. A home appraisal is a legal document that determines fair market value for a property. It is something most financial institutions will insist on before releasing funds.

Appraisal 108

Appraisal Inspection Appraisal Process Legal 108

Birmingham Appraisal

JUNE 11, 2024

This minimizes the risk of deals falling through due to financing issues. Tax Appeal Appraisals: Fair Property Tax Assessments What is it? Tax appeal appraisals are conducted to challenge the assessed value of a property for tax purposes. Cost does not always equal value.

Appraisal 88

Appraisal Property Taxes Valuation Real Estate 88

Eppraisal

OCTOBER 13, 2023

Analyzing Operating Expenses To accurately gauge the profitability of an investment property, it's essential to account for all operating expenses. These may include property taxes, insurance, maintenance and repairs, property management fees, and any homeowner association (HOA) dues.

Investing 69

Investing Property Taxes HOA Real Estate 69

D Fritz Appraisals

OCTOBER 11, 2022

Read on for more information about how a home appraiser determines the value of your property. A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Mortgage financing and refinancing. Reviewing / appealing property tax assessment.

Appraisal 110

Appraisal Inspection Property Taxes Easement 110

Birmingham Appraisal

JUNE 7, 2023

By providing accurate appraisal reports, appraisers enable accountants to make informed decisions and advise clients on property investment strategies, including rental income projections, capitalization rates, and return on investment calculations.

Real Estate 70

Real Estate Appraisal Valuation Legal 70

Appraisal Hub

SEPTEMBER 25, 2023

An appraisal acts as a compass, guiding you to a fair transaction, ensuring that the essence and worth of the property are rightfully acknowledged. Financing Ventures: When you seek financial backing, lenders look for a solid ground to stand upon. Legal and Tax Matters: Sometimes, the journey encounters legal twists and turns.

Real Estate 78

Real Estate Appraisal Renovations Legal 78

The Robert Weiler Company

APRIL 15, 2022

A commercial lease is a legally binding contract that details the relationship between a tenant and a landlord. monthly, quarterly) for using the property. And the landlord pays for all operating expenses, such as maintenance, property taxes, and insurance. Do not rule out mixed-use properties !

Tenants 144

Tenants Landlords Property Taxes Real Estate 144

The Robert Weiler Company

JULY 4, 2022

But it’s important that you select books that are newly published; this is especially critical when you’re relying on the books for legal or tax-related information or forms. These resources will educate you on rental property management best practices and help you replicate the success of other rental property managers.

Property Management 78

Property Management Tenants Landlords Legal 78

Boston Appraisal

AUGUST 30, 2023

The IRS requires a “Certified Appraisal” from a “Certified Appraiser” for many transactions, including charitable contributions of property, estate settlements, or gifting assets. CPAs must be diligent in ensuring that all real estate appraisals involved in tax-related transactions meet these stringent IRS conditions.

Real Estate 109

Real Estate Appraisal Valuation Property Taxes 109

Empire Appraisal Group

DECEMBER 28, 2022

If you can legally add an accessory dwelling unit (ADU), should you? In California, homeowners have a legal right to build ADUs, and local governments aren’t supposed to create barriers to getting permits. This column was provided to The Associated Press by the personal finance website NerdWallet. Florida Realtors.

Law 78

Law Legal Construction Property Taxes 78

PennyMac

JUNE 2, 2022

If so, you are probably intrigued by the prospect of investing in rental property. Financing, knowing what kind of property to buy, and the many other steps are all part of a well-rounded investment plan. Here are some tips from real estate experts on how to buy a rental property that’s right for you. Property taxes.

Real Estate 69

Real Estate Investing Tenants Property Management 69

Movoto

APRIL 8, 2024

This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. Property Identification. This portion lays out the agreed-upon selling price for the property. Financing Details. Purchase Price. Signatures.

Contracts 36

Contracts Real Estate Property Taxes Inspection 36

Raleigh Realty

MARCH 29, 2021

Your gross income is the income before taxes. Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance. The fees also cover loan origination fees, homeowners insurance, property taxes, and more. How Much Can You Expect to Pay?

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Eppraisal

MAY 3, 2024

Evaluate your budget, including the down payment, ongoing mortgage payments, property taxes, and maintenance costs. Explore financing options tailored to retirees, such as reverse mortgages or home equity lines of credit, to maximize financial flexibility. Factor in potential changes in income and expenses during retirement.

Legal 36

Legal Property Taxes Local Properties Finance 36

Quicken Loans

NOVEMBER 22, 2021

These VA home loan benefits can give veterans lower monthly payments that most citizens don’t have access to and allow service members to obtain a home with a helpful source of financing. While VA loans are a beneficial form of financing for many military service members, there are certain requirements they must meet.

Property Taxes 60

Property Taxes Sellers Finance Insurance 60

Lamacchia Realty

NOVEMBER 21, 2023

Leveraging Local Connections Their network includes property listings and local contractors, landscapers, and interior designers, helping turn a house into your dream home. Connections with financial advisors and mortgage brokers assist in securing the best financing options for your purchase.

Real Estate 73

Real Estate Valuation Real Estate Agent Local Properties 73

Zillow

JULY 15, 2019

Condo insurance : Homeowners insurance that covers personal property and the interior of a condo unit should damage occur. Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc.

Real Estate Agent 56

Real Estate Agent Inspection Insurance Sellers 56

PennyMac

AUGUST 14, 2024

Cons: Potential for Dual Mortgages: If your current home doesn’t sell quickly, you might end up juggling two mortgages, along with other costs like utilities, taxes, homeowners association (HOA) fees and insurance. You’ll also need to factor in ongoing costs like property taxes, homeowners insurance, applicable HOA fees and maintenance.

Real Estate Agent 47

Real Estate Agent HOA Finance Inspection 47

Assurance Financial

AUGUST 9, 2021

Be legally able to take on a loan. The USDA allows people to get direct loans with 100% financing, meaning they don’t have to make a down payment. People who get a guaranteed loan from the USDA can get 100% financing, meaning no down payment is needed. Property taxes. Be in need of safe and sanitary housing.

Home Improvement 74

Home Improvement Insurance Development Finance 74

PennyMac

AUGUST 31, 2024

During closing, you’ll need to carefully review, approve and sign numerous legal documents that officially transfer ownership of the property to you. Mutual Acceptance of the Offer After negotiation, the buyer and seller agree on the final property price. Here are some of the steps completed prior to closing.

Inspection 36

Inspection Real Estate Agent Sellers Legal 36

Assurance Financial

NOVEMBER 9, 2021

However, tiny houses can come with big challenges for financing since their small size makes them ineligible for many mortgage and insurance plans. From finding the right mortgage to finding a legal place to store your home, you must understand the unique financial demands of a tiny house and prepare for challenges ahead of time.

Mortgage 36

Mortgage Finance Transportation Insurance 36

Movoto

FEBRUARY 23, 2024

It’s also a good idea to consider cost-of-living adjustments, accounting for things like potential tax differences (sales and property taxes), cost of goods (hint: check groceries you would typically purchase and compare), and other expenses you might incur. to make sure you won’t come up short. Find leads for employment.

Legal 36

Legal Property Taxes Insurance Landlords 36

PennyMac

AUGUST 30, 2024

Notification and Communication: Legal Requirements and Timing All lenders are required to disclose whether your loan will be sold, as well as the percentage of loans that they typically sell. You'll also want to read and respond promptly to your loan servicer's mail or emails.

Insurance 36

Insurance Law Mortgage Government 36

Will Springer Realtor

JUNE 8, 2022

As home prices surge and people delay – or forgo – nuptials, buyers are pooling their finances with unmarried partners, roommates or friends to purchase a place. If you don’t have a legally signed agreement, you’re in trouble.”. That ranks the Emerald City seventh among the top 50 most expensive metros for real estate taxes.

Design 36

Design Construction Development Property Taxes 36

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

Appraisal 370

Appraisal Valuation Inspection Law 370

Appraisal Buzz

DECEMBER 17, 2024

The Consumer Financial Protection Bureau (CFPB) has finalized a rule mandated by Congress that applies existing residential mortgage protections to Property Assessed Clean Energy (PACE) loans. PACE loans are used by homeowners for clean energy upgrades and disaster readiness that are paid back through their property tax bills.

Home Improvement 396

Home Improvement Property Taxes Finance Lending 396

Property Metrics

MARCH 13, 2025

Whether youre just exploring investing in commercial real estate or already have a property or two, understanding core principles can dramatically increase your success. Investing in commercial real estate (CRE) is about acquiring property used primarily for business or income-generating purposes.

Real Estate 36

Real Estate Investing Tenants Investors 36