article thumbnail

How agents are winning bidding wars in America’s most competitive markets

Housing Wire

With record-low interest rates, paltry inventory and a surge in buyers, agents are advising clients to be extraordinarily aggressive to win. We have about two months of inventory and the buyer demand is just crazy.” of offers, followed by townhomes at 54.7% and condos at 41.3% – 54.5% of offers overall engaged in bidding wars.

Agents 501
article thumbnail

Agents fight misconceptions to win deals for military veteran clients

Housing Wire

At the end of the day, Pascoe says the process is not all that different than purchasing a home with a conventional mortgage. A lot of the misconceptions about working with VA loans center on the VA appraisal process – which differs from conventional mortgage appraisals – as well as the time it will take for a transaction to close.

Clients 418
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

Mortgage rates are expected to rise, but still remain attractive and reasonable. The unprecedented buyer demand of 2021 will likely be suppressed to some extent due to affordability concerns in some markets, and more housing inventory will most likely be available from both the existing homes and new construction segments.”.

article thumbnail

Chat GPT For Fannie Form Appraisal Reports

Appraisal Today

One example is that mortgage appraisal work allows an appraiser to say: “I’m appraising it as repaired,” which is acceptable in some mortgage assignments. Most borrowers have lower rates on their mortgages, and those who are in the market are extremely rate sensitive.” You need to educate yourself.

article thumbnail

Appraisers – Protect against Being Sued

Appraisal Today

For-sale inventory has started to loosen, and home-price growth has eased in some markets, providing more options for buyers in combination with these lower rates.” The refinance share of mortgage activity decreased to 45.7 Purchase applications continued to run stronger than last year’s pace for the fifth consecutive week.

article thumbnail

Appraisal Time Adjustments

Appraisal Today

CDEI, MNAA Excerpts: Typically, this time starts when the comparable goes under contract, then ends on the effective date of the appraisal. . March 28, 2025 Whats in This Newsletter (In Order, Scroll Down) LIA ad: Navigating Value Revisions On Time Adjustments By Timothy Andersen, MAI 19.5