Housing Wire

FEBRUARY 26, 2024

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse.

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HOA Law Insurance New Listings 501

Housing Wire

OCTOBER 27, 2020

Some are waiving inspection contingencies, while others are avoiding repair requests, opting to handle home repairs, fixes and upgrades as needed later on. While this approach could certainly help buyers win out in a bidding war, the strategy also comes with some serious risk — especially if the home inspection is skipped.

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Inspection Renovations Buyers Housing Market 459

Housing Wire

APRIL 18, 2023

PunchListUSA , a real estate technology platform digitizing home inspection data, has named Stefan Pampulov as its chief product and data officer. The firm is growing rapidly to offer instant repair estimates and scale through process automation.

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Inspection Real Estate Real Estate Agent Renovations 370

Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? The appraiser inspects the property An appraiser visits the property and conducts a visual inspection of the home’s condition. You’ve found a house for your buyer or a buyer for the home you’re selling. Not necessarily.

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Real Estate Appraisal Agents Inspection 476

Housing Wire

JUNE 10, 2021

Home improvements and renovations are also important to buyers. A seller concession could include putting money towards the inspection costs, appraisal fees, taxes or another expense. After all, curb appeal is just as attractive to potential buyers as the indoor layout. Naturally, the price a buyer will ask a seller to pay will vary.

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Sellers Real Estate Agent Real Estate Decorating 546

Housing Wire

JUNE 21, 2022

Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses. Instead, we prefer a “certified” pre-owned car that has gone through a multi-point inspection with all of the preventative maintenance up to date. But, who are these investors?

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Investors Renovations Inspection Government 435

Raleigh Realty

FEBRUARY 2, 2022

Negotiating Repairs After a Home Inspection What fixes are mandatory after a home inspection? One of those steps is the home inspection and with the home inspection, major issues can arise. A home inspection provides the buyer with a detailed report of the home’s structure, plumbing, electrical, foundation, roof, etc.

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Inspection Sellers Buyers Realtors 158

Raleigh Realty

JULY 31, 2022

Major Home Inspection Issues and How to Handle Repairs If your home inspection turns up any of these 7 major issues it could be time to negotiate some mandatory fixes with the seller before you proceed with purchasing the home. After a home inspection, issues are going to arise. Structural Issues 1. Plumbing 3.

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Inspection Sellers Real Estate Agent Buyers 148

Housing Wire

NOVEMBER 30, 2023

There are two versions: the standard, which includes structural repairs and requires an approved consultant, and the limited version, which is focused on minor renovation and repair and does not require a consultant. Changes also include increases to the maximum amount for other allowable fees, including for draw inspection, which is $375.

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Architecture Renovations Inspection Finance 476

Housing Wire

OCTOBER 10, 2023

When making pre-listing repairs or renovations, different projects can result in vastly different returns. Remodels are structural renovations that make homes more livable and require more labor, resources, and money to complete than refresh projects.

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Home Improvement Real Estate Agent Sellers Real Estate 482

Housing Wire

DECEMBER 1, 2020

Land Gorilla founder and CEO Sean Faries is relentless in his pursuit of technology innovations that drive efficiency while simultaneously reducing risk in construction and renovation lending.

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Renovations Construction Inspection Technology 316

Housing Wire

MAY 12, 2021

Still, I’m encouraged to see companies using digital tools and platforms — or creating their own — to take little bites out of a gigantic industry, from streamlining financing and inspections, to centralizing communication, to optimizing budgets and reducing project delays. Creating transparency. Bringing more services under one roof.

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Construction Logistics Technology Real Estate 482

Housing Wire

APRIL 27, 2023

The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.” Invitation Homes (IH) spent about $25,000 on renovations per home for its California SFR portfolio, pleadings in the lawsuit state.

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Renovations Investing Real Estate Marketing 395

Housing Wire

MAY 11, 2021

For example, a newly renovated home that has a gourmet kitchen and an updated bathroom may be valued more highly than a similar home that possesses only above-average amenities and is in average condition. . Many factors contribute to the process of determining the value of a residential property.

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Valuation Inspection Renovations Appraisal 397

Appraisal Buzz

OCTOBER 14, 2024

However, manual reviews of appraisals, property condition, renovation estimates, and more do not scale efficiently. Today, new technology can assist appraisers, AMCs and lenders with visual inspection, analysis, and intelligence to validate information, detect issues, and derive data-backed insights on every loan.

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Valuation Renovations Technology Appraisal 368

Cleveland Appraisal Blog

DECEMBER 24, 2022

Are you planning on renovating your home? What to Expect When Undertaking These 4 Common Home Renovation Projects. When home improvement gives way to major renovations, the implications can be more impactful than you might realize. However, you must be aware of your budget and timeline before committing to a kitchen renovation.

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Renovations Appraisal Home Improvement Buyers 303

Raleigh Realty

APRIL 24, 2022

Sustainable Renovations for Every Room Whether you buy an older home or a new construction home, there are most likely modifications and renovations you can do to make your new house more eco-friendly. Let’s take a room-by-room look at potential eco-friendly modifications and renovations you can make to your home.

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Renovations Modernization Inspection Construction 144

Housing Wire

FEBRUARY 18, 2022

Further, Fannie notes, “Leveraging the wealth of big data, the power of advanced analytics, and the speed of technology, appraisers can perform desktop appraisals without physically inspecting the property.” AVMs do not account for upgrades or renovations. ” Amazing, right? What about AVMs?

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Appraisal Process Appraisal Valuation Renovations 397

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?

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Inspection Technology Insurance Training 396

McKissock

AUGUST 10, 2021

Appraising a luxury home can be stressful, so preparation is important before commencing with a luxury home inspection. In this post, we provide valuable tips for preparing to inspect a luxury home, including some key questions to ask of the homeowner, agent, or builder about upgrades and amenities. Research the subject property.

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Inspection Renovations Valuation Appraisal 104

Appraisal Buzz

SEPTEMBER 5, 2024

The MBA study also found the following of note: Home renovations slowed to 56% of volume in 2023 compared to 65% in 2022. More specifically, covering data through December 31, 2023, MBA researchers found total originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased to $2.13 billion in 2022.

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Lending Inspection Valuation Renovations 221

Appraisal Buzz

JUNE 25, 2024

Angi research found that first-time home buyers—who make up a staggering 68% of the market as opposed to the 54% of seasoned homeowners—are much more likely to attend home inspections prior to purchasing their property.

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Home Improvement Buyers Renovations Inspection 370

Appraisal Buzz

JULY 29, 2024

In terms of usage, 56% of borrowers used their home equity loan for home renovations, down from 65% in 2022, while 33% used the loan for debt consolidation, up from 25% the previous year. Conversely, 22% of originations required a full appraisal with the majority entailing both an interior and exterior inspection. in 2024 and 4.8%

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Inspection Valuation Renovations Lending 195

Appraisal Buzz

JANUARY 9, 2025

HUDs rule will reduce administrative burden by aligning utility allowances with other HUD programs, reducing duplicative inspections by accepting NSPIRE performed for other funding sources, reducing administrative burden of performing income determinations by accepting determinations performed for other funding sources.

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Tenants Development Modernization Inspection 221

Empire Appraisal Group

OCTOBER 17, 2024

By Spiderstock/Getty Images Source: [link] Costly Home Renovation Mistakes to Avoid By Courtney Klosterman While rewarding, home renovations can be time consuming, costly and frustrating. But renovating can be tricky even for homeowners with experience let alone someone without that technical knowledge.

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Renovations Inspection Tools Insurance 78

Empire Appraisal Group

MAY 16, 2024

Should You Renovate Before Selling? Before launching renovation projects to sell a home, consider the cost benefits. NEW YORK – When selling your house, one of the most common things to worry about is whether you should renovate the home before listing it. Look at your home as if you were buying it and decide if it’s turnkey.

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Renovations Buyers Decorating Investing 78

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer. No repairs, no costs.

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Renovations Buyers Appraisal Investing 221

Realtor

FEBRUARY 11, 2021

Closing costs are used to pay for items such as appraisals, inspections, and much more. Some costs—such as the down payment, closing costs, home inspection and appraisal—are just the price of admission to homeownership. How important is the freedom to renovate? Hammond , a Chase private-client home lending adviser.

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Property Taxes Inspection Landlords Renovations 218

Housing Wire

OCTOBER 10, 2023

However, it may be helpful to add short descriptions like “renovated” or “XL terrace” to show unique features of the properties you’ve included in a “Notes” section at the end of your CMA report. Select active listings comps Choose active listings near to the subject property. They are more appropriate for an appraisal.

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Marketing Real Estate Agent Clients Tools 435

Lamacchia Realty

MAY 25, 2021

HOME INSPECTION FINDINGS. So, keep on reading to see some of the most common Florida home inspection findings that you should keep your eyes on, especially if you are going on a home hunt without a home inspector. Be prepared for the fact that Florida homes require more frequent renovation projects. COMMON FLORIDA.

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Inspection Open Houses Renovations Realty 68

Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. Perhaps they don’t receive strong enough offers or struggle to address issues that arise at home inspection.

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Real Estate Open Houses Brokerage Real Estate Agent 467

Cleveland Appraisal Blog

AUGUST 13, 2023

Before you embark on a complete bathroom renovation, take heart. Schedule Regular Plumbing Inspections If you really want to keep your plumbing system eco-friendly, it’s time to practice some TLC. Regular inspections are important to catch plumbing issues and maintain an efficient plumbing and water transport system.

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Appraisal Inspection Transportation Renovations 253

Appraisal Buzz

JUNE 3, 2024

Many current sellers have begun a renovation but have run out of money prematurely as inflation has caused cost overruns and capital is less available to fund shortfalls. Thorough due diligence, including property inspections and assessments, and adequate cash reserves are crucial to identify and address potential concerns.

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Investors Marketing Renovations Real Estate 195

Appraisal Buzz

JUNE 6, 2022

Oh yeah, we need the effective date to be two years ago,” or “actually, we want it to be appraised as if those renovations were completed, not as is.” We’ve all gotten a presumably as-is appraisal assignment, gone out to inspect, and learned at the inspection that the master bathroom is gutted.

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Appraisal Clients Inspection Appraisal Process 221

Housing Wire

JUNE 7, 2024

Meet the fire department for the smoke inspection. Here are some alternative topics to experiment with: First-time sellers Downsizing Buying and selling at the same time 1031 exchanges – “How to avoid paying capital gains taxes on your investment properties” Renovations with the highest ROI “Love it or list it?”

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Real Estate Open Houses Agents Sellers 468

The Robert Weiler Company

JUNE 17, 2022

The latter can be a lot cheaper but the amount of renovations required might end up costing you more in the long-run. Perform your own initial inspection on the apartment building and surrounding property. Get a professional inspection and commercial appraisal of the apartment building before making a final decision.

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Property Management Renovations Real Estate Investing 147

DW Slater Company

FEBRUARY 24, 2022

Some of the current new tools and technology that I am aware of that assist with Desktops and Hybrids are: RemoteVal- This tool is a free app from Incenter that allows the appraiser and homeowner to inspect, view, measure, and take pictures of a property remotely. InsideMaps – A tool that provides mapping, sketches, and tours of homes.

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Inspection Tools Appraisal Technology 154