Lamacchia Realty

AUGUST 12, 2021

What to Consider Before Purchasing a Fixer-Upper Although fixer-uppers are more affordable than purchasing a turnkey home in the perfect neighborhood, the process of buying a fixer-upper and renovating it is more complicated than what you see on television. How Much Time Do They Take to Renovate? Traveling a lot?

Renovations 69

Renovations Finance Inspection Buyers 69

Listing Spark

JANUARY 5, 2025

Some common types of homes that are often sold as-is include: Fixer-uppers : These homes require significant repairs and renovations to make them habitable. To avoid confusion, its essential for sellers to disclose any known defects or issues with the property and for buyers to conduct thorough inspections before making an offer.

Inspection 36

Inspection Sellers Real Estate Agent Contracts 36

Lamacchia Realty

AUGUST 4, 2021

Photo by stux–12364 There are many real estate myths out there, from commissions to renovations. A home passes or fails inspection This isn’t like an exam in high school where you either pass or fail. The point of an inspection is to assess the condition of the home, the good and the bad.

Real Estate 69

Real Estate Renovations Agents Inspection 69

McKissock

JULY 19, 2022

Looks can be deceiving, so be sure to ask for the paperwork showing that routine inspections have been performed. Overselling a recently renovated area of the house. If you’re still suspicious of the lawyer after checking with the seller, you can double check their graduation from the law school from which they claim to have graduated.

Real Estate 98

Real Estate Real Estate Agent Sellers Agents 98

The Robert Weiler Company

APRIL 15, 2022

Compliance with Laws. A free-rent period allows you to occupy, make renovations, and prep a commercial property in Columbus, OH, for a specified period without paying rent. Expect to invest with a property owner or pay part of the portions for renovations to suit your business needs. Taxes and Assessments. Damage to Premises.

Tenants 144

Tenants Landlords Property Taxes Real Estate 144

Realvals

JUNE 18, 2023

Estate Taxes In some cases, local laws may require appraisals for estate tax purposes. As an executor of an estate, your responsibility is to manage and distribute assets according to the deceased’s will or state law. Renovating a Home If you are planning to renovate your home, getting an appraisal beforehand is a smart move.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

Lamacchia Realty

JUNE 15, 2021

It is federal law; the Property Transfer Lead Paint Notification must be presented before the sale of a home if it was built before 1978. If a child under the age of 6 is living in the home, it must be taken care of and in compliance with the Lead Paint Law. What is my obligation/responsibility if lead paint is found?

Buyers 74

Buyers Law Landlords Tenants 74

East Coast Appraisal

MARCH 16, 2023

A clean interior can make a very good first impression when a prospective buyer comes to inspect your house. Also, you can install a separate mother-in-law suite, as most houses lack this feature. Clean and Declutter You can clean and declutter as an inexpensive way to increase your home appeal.

Appraisal 52

Appraisal Renovations Home Value Inspection 52

Realtor

FEBRUARY 22, 2019

An appraiser will investigate the condition, the square footage, location, and any additions or renovations. The mortgage company is then required by law to give a copy of the appraisal to you. Once your appraisal is done, you’re still not ready to close without another nerve-racking step called a home inspection. ——.

Appraisal Process 78

Appraisal Process Appraisal Mortgage Buyers 78

Realtor

FEBRUARY 22, 2019

An appraiser will investigate the condition, the square footage, location, and any additions or renovations. The mortgage company is then required by law to give a copy of the appraisal to you. Once your appraisal is done, you’re still not ready to close without another nerve-racking step called a home inspection. ——.

Appraisal Process 78

Appraisal Process Appraisal Mortgage Buyers 78

Zillow

SEPTEMBER 24, 2016

Disclosure laws vary from state to state, even down to the city and county level. The law requires that sellers (and their agents) complete or sign off on dozens of documents, such as a Natural Hazards Disclosure Statement, Local and State Transfer Disclosure Statements, Advisories about Market Conditions and even Megan's Law Disclosures.

Real Estate 36

Real Estate Inspection Sellers Buyers 36

Property Metrics

AUGUST 13, 2020

Legislative or regulatory risk refers to any change in regulations or law that can impact real estate owners or tenants. Even if changes to laws and regulations do not directly impact real estate, they may indirectly impact property investment through financing or business cash flows. Legislative/Regulatory Risk. Location Risk.

Real Estate 53

Real Estate Tenants Investing Construction 53

AmeriMac

OCTOBER 28, 2024

That’s why a complete home inspection is essential when looking at REO properties. Legal and Title Issues Affecting REO Appraisals Understanding the law around REO properties is important for good appraisals. Consider the impact of deferred maintenance and potential renovation costs. Focus on REO comparables if available.

Property Appraisal 36

Property Appraisal Appraisal Legal Valuation 36

Birmingham Appraisal

JUNE 9, 2022

Alabama law states that probate must be filed within five years after the death of the owner. If there have been improvements or renovations made to the property after the date of death it cannot be taken into consideration in the appraisal. When listing it for sale. How Long Do You Have To Probate An Estate?

Appraisal 52

Appraisal Legal Real Estate Design 52

Listing Spark

SEPTEMBER 16, 2024

For homes built before 1978, federal law requires sellers to provide a Lead-Based Paint Disclosure. By providing this disclosure, you’re not only complying with federal law but also ensuring that potential buyers can make an informed decision about the property.

Realtors 36

Realtors Legal Property Taxes Sellers 36

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Compliance with Fair Housing laws, rules, and regulations. Compliance with Fair Housing laws, rules, and regulations. Built in 1961 (renovated in 2006 by architect Hal Hayes), 3 bedrooms, 2 baths, 2100 sq.ft.

Appraisal 89

Appraisal Agents Real Estate Real Estate Agent 89

The People's Appraisal Blog

MAY 3, 2018

We became appraisers to do the best jobs possible for our customers, abide by laws and regulations, and uphold the public trust. All five were renovated like the subject and the sale across the street was an almost perfect match to the subject; it sold for $180k a month prior. Truly sad days in this respect.

Appraisal 36

Appraisal Contracts Clients Renovations 36

Patch of Land

JANUARY 22, 2020

Jason Lambert, NARI: Pay attention to building codes and best practices even if you’re not pulling a permit or having the project inspected. Not to mention it’s the law! Tim Anderson Architect: Remodeling becomes remuddling when the original character and integrity of a house are lost in the renovation process.

Construction 39

Construction Design Training Renovations 39

The Robert Weiler Company

OCTOBER 21, 2022

In general, the full cycle of the commercial real estate appraisal process can take several days to weeks, when you factor in the inspection and subsequent investigative work. You may have a property appraisal as of the actual inspection date, as of a past date (retrospective appraisal), or as of a future date (prospective appraisal).

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Housing Wire

APRIL 25, 2022

There is a great reluctance on part of most homeowners to have an interior inspection,” said Youngman. Assessors rely on building permit records — and the homeowner’s self reporting — to stay abreast of renovations that raise the home’s value. It’s not just a question of resources, but the intrusiveness on someone’s home.”.

Property Taxes 435

Property Taxes Appraisal Government Valuation 435

Assurance Financial

APRIL 29, 2021

If the house doesn’t pass inspection or the sale doesn’t go through due to an allowable contingency, the buyer gets the EMD back. If a person has positive equity and needs cash for a renovation project or other reason, they can open a home equity line of credit or HELOC and borrow against their equity. government.

Mortgage 74

Mortgage HOA Insurance Real Estate Agent 74

Appraisal Buzz

DECEMBER 11, 2024

In 2018, Fannie Mae launched its Pre-Foreclosure Property Preservation Program, offering mortgage servicers the opportunity for Fannie Mae to handle the management of inspection and preservation activities on delinquent loans secured by vacant properties. We are exploring batching inspections. How is AI impacting the sector?

Inspection 396

Inspection Technology Insurance Training 396

Property Metrics

MARCH 13, 2025

When investing in commercial real estate, understanding property classes helps gauge a buildings quality, risk profile, and renovation potential. Class C : Older buildings in less desirable locations, often needing significant renovations. Local market nuances, renovations, and subjective assessments can all shift a propertys status.

Real Estate 36

Real Estate Investing Tenants Investors 36

Appraisal Buzz

DECEMBER 13, 2024

The panel focused heavily on so-called squatter laws across various states including Alabama, Florida, and Georgia, as well as providing examples of relevant affidavits. The stage then welcomed a panel entitled Safeguarding Assets: Best Practices for Inspections and Recovery in FEMA-Declared Disasters.

Insurance 370

Insurance Inspection Government Real Estate 370