Lamacchia Realty

JUNE 21, 2021

For almost 12 months, the market inventory has been so low that buyers have become used to bidding wars. It was rare to find a properly priced home for sale that wasn’t receiving multiple over-asking offers after a mobbed open house. This means that more inventory is lingering on the market now that more homes are being listed.

Inspection 69

Inspection Buyers Inventory Sellers 69

Eppraisal

APRIL 20, 2021

Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020. With limited inventory, home values are on the rise.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

PennyMac

DECEMBER 22, 2020

In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. During the appraisal, a licensed appraiser will take inventory of major systems (i.e., Step 7: Have the Property Inspected.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Eppraisal

MAY 18, 2021

It's no secret the real estate market is super hot right now and the demand for homes is high. There are more buyers than homes available for sale. In fact, according to an article on Realtor.com, the national inventory of active listings declined by 53% over last year. If you've been outbid for another home, keep your head up.

Real Estate Agent 69

Real Estate Agent Sellers Home Value Buyers 69

Eppraisal

SEPTEMBER 7, 2022

For the past couple years, homes have been selling fast and home values have been increasing at record-breaking rates. The inventory of listed homes on the market has been historically low. In many markets home sellers no longer have the leverage they did a few months ago.

Real Estate 69

Real Estate Agents Real Estate Agent Marketing 69

Empire Appraisal Group

OCTOBER 17, 2024

Insurance coverage addresses each of these items differently: Maintenance involves routinely inspecting and servicing your property’s systems. Not planning for surprise issues You may not know everything that’s going on behind your walls, but it’s important to be prepared for surprises especially if you live in an older home.

Renovations 78

Renovations Inspection Tools Insurance 78

Eppraisal

SEPTEMBER 30, 2021

There is a lot of competition when buying a home nowadays. The inventory of available homes is at a record-breaking low. Buyer demand for homes is extremely high. Home values are rising. Sometimes sellers think that "as is" means that the buyers are waiving the inspections. This is simply untrue.

Inspection 36

Inspection Sellers Contracts Real Estate 36

Lamacchia Realty

JUNE 10, 2022

For the first time in years inventory is at the same level as the year prior as depicted in the chart above, and single families are higher as depicted in the chart below. This will continue throughout the year and the number of homes will continue to increase and climb above 2021, 2020, and rise to about 2019, before-COVID levels.

Marketing 69

Marketing Sellers Buyers Inventory 69

Eppraisal

APRIL 8, 2021

Home values are increasing as buyers are competing for homes. According to the National Association of Realtors (NAR), the inventory of homes is at it's lowest since 1999. The NAR cites that in December of 2020 the inventory was down 23% compared to December of 2019. Home values are currently rising.

Marketing 36

Marketing Inspection Contracts Buyers 36

Empire Appraisal Group

JUNE 6, 2024

“There is a risk the deal will fall through because there’s a third-party mortgage lender who needs to approve the loan for the borrower and there are other caveats such as issue the appraisal, or inspection, which is why around 10% of transactions fail when the buyer is paying with a mortgage. But it has other implications for real estate.

Buyers 78

Buyers Sellers Real Estate Finance 78

Eppraisal

MAY 25, 2021

The VA home loan is a true "no money down" home loan opportunity. Private mortgage insurance (PMI) is usually required with other loan programs when a buyer's down payment is less than 20% of the home's value. Since VA home loans are government-backed, they portray VA homebuyers as financially solid buyers.

Sellers 36

Sellers Home Value Inspection Government 36

Eppraisal

OCTOBER 2, 2021

Skills to Look For in a Listing Agent It's no secret homes are selling quickly. Your home value is most likely the highest it's ever been. Some homebuyers may think they can sell their homes themselves, without an agent's representation. Inventory of homes available are historically low.

Agents 36

Agents Real Estate Agent Marketing Real Estate 36

Eppraisal

MARCH 13, 2021

According to the National Association of Realtors, the inventory of available homes on the market set a record at the end of 2020 as being the lowest since 1999. Interest rates are still historically low and, in many areas, when a home is listed for sale, it's a race as to who sees it and puts in an offer first.

Buyers 36

Buyers Brokerage Contracts Home Value 36

Eppraisal

MAY 24, 2022

With homes selling faster than ever before, home values are rising at higher rates than ever before. The inventory of homes available for sale is at its lowest in history. Some sellers think it is a good time to try to sell their homes "For Sale By Owner" (FSBO or by owner) to save a bit of profit.

Agents 36

Agents Real Estate Agent Real Estate Brokerage 36

Eppraisal

MARCH 15, 2022

Even though home values are rising, and buyers are competing for homes, exclusive buyer representation requires the agent to do everything in his or her power to get you the home on terms that are beneficial to you and for the best price. Help the buyer or tenant to arrange for property inspections.

Buyers 36

Buyers Real Estate Agent Tenants Landlords 36

PennyMac

AUGUST 14, 2024

Check out Pennymac's Home Value Estimator to see recent local home sales and compare the pricing of homes that align with your square footage and number of beds/baths. Ask a real estate agent for their educated opinion on how much you may be able to sell your home for.

Real Estate Agent 47

Real Estate Agent HOA Finance Inspection 47

Appraisal Today

AUGUST 30, 2024

This technology accelerates the inspection process, allowing appraisers to focus their expertise on more nuanced aspects of the valuation where their experience and judgement are most critical. Prospective homebuyers are staying patient now that rates are moving lower and for-sale inventory has started to increase.” Below 4%: 57.4%

Appraisal 85

Appraisal Contracts Architecture Mortgage 85

Houston Properties

JANUARY 12, 2022

The buying frenzy and low inventory we saw last year and will continue to see for better parts of this year may push buyers (specially if driven by bad advice from an unseasoned Realtor) to make bad decisions. With higher home values come higher rental rates. The biggest challenge right now is the low inventory.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Appraisal Today

AUGUST 30, 2024

Redfin Reports 6 of Every 7 People With Mortgages Have an Interest Rate Below 6% 110 Nightmarish Home Inspector Scenarios Mortgage applications increased 0.5 Prospective homebuyers are staying patient now that rates are moving lower and for-sale inventory has started to increase.” Below 4%: 57.4% in the first quarter of 2022.

Appraisal 65

Appraisal Contracts Architecture Market Value 65

Assurance Financial

NOVEMBER 9, 2021

Because in a buyer’s market, there’s more housing inventory and lower prices, giving power to the buyer. This economic decline can cause homeowners to sell their houses if they can no longer afford to pay their mortgages, increasing housing inventory and shrinking the buyer pool. Marketing Strategies.

Marketing 36

Marketing Sellers Real Estate Buyers 36

Will Springer Realtor

AUGUST 9, 2022

SmartAsset used three metrics – home value growth, income growth and housing demand – to reach its findings. >> Returning to work will come with a price. Inventories are on the rise, so much so that one area is now considered a buyer’s market. This suggests buyers were still paying top dollar for their dream home.

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

DECEMBER 8, 2021

Every year loan limits established for mortgage backers like Fannie Mae and Freddie Mac are reviewed and adjusted according to regional home values. This month’s headline: Inventory is at drought levels while median prices were little changed month to month. Monthly inventory stands at 0.4 The cupboards are bare.

Sellers 36

Sellers Marketing Supply Chain Construction 36

PennyMac

JANUARY 3, 2024

Consider getting a home inspection before putting your home on the market to identify priority projects. The Home Buying Process the Second Time Around The second-time home buying and mortgage process is similar to that of a first-time homebuyer. If it’s a seller’s market now, you might encounter tight inventory.

Real Estate Agent 36

Real Estate Agent Buyers Real Estate Mortgage 36

Appraisal Today

JUNE 17, 2022

New homes – what is happening? No inspections or appraisals? Did anyone think in early 2020 that home values all over the country would go off the charts? A few examples: Different price ranges – first-time homebuyers, high end. Detached vs. townhomes and stacked condos. All cash and investors. How many offers.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Cleveland Appraisal Blog

MAY 13, 2021

Home prices and construction costs are surging so rapidly that it is difficult to find an affordable home, let alone one that will not require paying more than market value for. Last year, I appraised a home of a couple who had were getting ready to build a new home. It is a catch twenty-two. What if it does not?

Market Value 299

Market Value Appraisal Contracts Buyers 299

Eppraisal

MAY 17, 2022

This is mainly due to the lack of inventory of homes for sale and that home values are rising. Many buyers lose out on homes they put offers on more than once before finally having an offer accepted. If you are a buyer in today’s market, it may seem like an uphill battle for you.

Real Estate Agent 69

Real Estate Agent Sellers Legal Home Value 69

Houston Properties

JANUARY 13, 2021

We expect a nationwide drop in home values as home inventory continues to shrink and we start to feel the economic impact of last year’s mishaps. The market will see an influx of price drops and hikes due to low inventory and high demand. We saw historically low home inventory buoyed by low-interest rates.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

FEBRUARY 19, 2025

Under contract: Let your clients know what to expect after they go under contract on a home. Clarify key steps like inspections, appraisals, and the importance of meeting deadlines and any impacts of missing them. Let your clients know how the market will impact competition, home values, and the overall buying strategy.

Inspection 352

Inspection Clients Buyers Real Estate 352

Will Springer Realtor

DECEMBER 17, 2024

This year saw sharply expanding inventory, up 29% year-on-year nationally (through October; latest data) and 26% YoY across King County (November 2023-November 2024). The number of homes sitting on the market in King in September (4900) was the highest of any month since September 2019. The citys condo market will welcome the change.

Real Estate 68

Real Estate Buyers Sellers Development 68