Housing Wire

MAY 21, 2024

Without sales figures, it’s difficult to access comparable sales, and home buyers may find it challenging to gauge the fair market value of a property. Buyers should focus on other factors when estimating a property’s value , such as location, condition of the home, local amenities, and current market trends.

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Real Estate Agent Real Estate Inspection Valuation 488

Appraisal Buzz

MAY 20, 2024

As an appraiser, you’re already familiar with buzzwords like seller’s and buyer’s markets. A seller’s market indicates demand is high and inventory is low, while a buyer’s market means inventory is high and demand is low. Navigate a seller’s market by considering the following.

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Appraisal Marketing Valuation Sellers 370

Housing Wire

APRIL 5, 2024

As of March 29, the San Francisco-Oakland-Fremont metropolitan area was the fourth-hottest housing market in the country. The Bay Area metro had a 90-day average Market Action Index score of 61.19, according to data from Altos Research. Altos considers anything above a Market Action Index of 30 to be a seller’s market.

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Housing Market Marketing Inventory Agents 459

Appraisal Buzz

OCTOBER 3, 2022

I started thinking about this when I saw the news coming from the National Association of Realtors about how far the current real estate market is out of balance. I can see why loan officers, real estate agents, or buyers might push back on appraisers’ conclusions. months less than what it was in 2019.

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Appraisal Marketing Real Estate Inventory 370

Housing Wire

DECEMBER 16, 2021

Let’s not forget the substantial fiscal and monetary policy that provided extraordinary levels of support for households, businesses, and markets here and abroad. The main takeaway from Mortgage Bankers Association forecast is that we see 2022 as a transition year, moving from a refinance market to a purchase market.

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Marketing Mortgage Supply Chain Inventory 482

Appraisal Buzz

OCTOBER 4, 2024

It might go without saying that a junk-cluttered yard does a home seller no favors—in fact, six in 10 real estate agents estimate that an unkempt front yard decreases a property’s value by 20% or more. What if a neighbor is the clutter-collecting culprit—could the adjacent property take a home-value hit?

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Home Value Real Estate Agent Sellers Real Estate 397

Housing Wire

FEBRUARY 14, 2024

“I get tons of emails every day from investors looking for properties, but of course, they only want homes that are under market value, which are hard to come by. When they find those properties, they pile in,” Carrie Caruthers, a Redfin real estate agent in Riverside County, California, said in the report.

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Real Estate Investors Real Estate Agent Market Value 521

Housing Wire

DECEMBER 2, 2021

But the division produced a $421 million loss before taxes, and analysis from KeyBanc and industry analyst Mike DelPrete as well as anecdotes from real estate agents indicated Zillow paid more than market value for homes. . The company’s market cap has fallen to $13.7 billion as of Sept.

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Inventory Real Estate Agent Investors Market Value 459

Cleveland Appraisal Blog

MARCH 30, 2021

This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. People who are willing to spend tens of thousands more than the market will really support, seem to be speculating that things will continue as they are.

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Housing Market Marketing Reconsideration of Value Contracts 368

Cleveland Appraisal Blog

APRIL 21, 2022

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.

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Market Value Appraisal Agents Real Estate Agent 354

Housing Wire

MARCH 1, 2023

Through this API integration, users can populate MLS and non-MLS rate flyers in a short period of time using “real-time, scenario-specific mortgage offers” delivered through Polly’s cloud-native Product and Pricing Engine (PPE), according to a prepared statement.

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Real Estate Agent Technology Open Houses Loan Officers 369

Housing Wire

SEPTEMBER 19, 2023

The client can find their own appraiser, or real estate agents can recommend appraisers they have worked with before. The appraiser analyzes the local market A comparative market analysis is a critical part of the appraisal process. At this point, an estimated market value is generated.

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Real Estate Appraisal Agents Inspection 476

Housing Wire

JANUARY 3, 2023

It may be that many of the loan originators and real estate agents calling for major changes to the VA appraisal process are be those with the least amount of first-hand experience with the VA product. However, in several rural markets there is failure to meet this standard as appraisers may not even accept the order for weeks.

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Modernization Real Estate Agent Appraisal Process Reconsideration of Value 83

Cleveland Appraisal Blog

MAY 26, 2023

Because in both instances, they first had their homes valued by real estate agents, not appraisers. But the owner felt that a real estate agent could do the same type of valuation as an appraiser. If a real estate agent can price a home, surely, they can value it.

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Appraisal Real Estate Agent Real Estate Valuation 305

Housing Wire

NOVEMBER 5, 2024

The removal of offers of buyer broker compensation from most MLSs across the country — as mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement — was a massive change for real estate agents and brokers. But they aren’t the only housing professionals impacted by these changes.

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Appraisal Business Real Estate Agent Real Estate 370

Housing Wire

SEPTEMBER 6, 2024

The four firms in question all had joint ventures (JVs) or affiliated business arrangements (ABAs) in which real estate agents, who were also business referral sources, were investors. or divest real estate agents from their ownership interests. “I He went on to say that he does not feel the D.C.

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Insurance Real Estate Agent Law Real Estate 459

Housing Wire

NOVEMBER 2, 2021

The prior announcement was stunning in its own right, and led to revelations that the company bought homes for well above market value, and re-listing homes for less than what they were bought for. The purchase has triggered a Federal Trade Commission inquiry regarding Zillow’s array of agent and consumer data.

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Market Value Real Estate Agent Agents Business 418

Housing Wire

OCTOBER 9, 2023

And third, the only thing of value that the referring party may receive is a return on an ownership interest. What the investigators are finding — not in every case, but in a majority of the cases — is that the investment is proper and they are paying fair market value for the investment.”

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Real Estate Insurance Real Estate Agent Brokerage 468

Cleveland Appraisal Blog

JANUARY 5, 2023

We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. However, the markets have hit an abrupt slow down, or might I say, cool down, kind of like this ice skater experienced.

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Housing Market Marketing Appraisal Inventory 374

Housing Wire

JUNE 1, 2021

a company with a market value of nearly $700 billion. The daughter of a real estate agent, Budnick first went into finance, working with Bank of America. BHHS is a separate entity from the HomeServices of America brokerage , though that brokerage’s CEO, Gino Blefari, also serves as board of chairman for BHHS.

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Real Estate Agent Brokerage Real Estate Realty 328

Miller Samuel

NOVEMBER 30, 2018

As we say in the petition , this change can impact several groups in particular: consumers, the taxpayers, the housing market and appraisers. One group not explicitly mentioned in the petition but impacted down the road are real estate agents and brokers. Ever heard of straw buyers?

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Appraisal Inspection Real Estate Agent Agents 300

Housing Wire

JULY 17, 2023

Unfortunately, today’s competitive market has created the perfect environment for seller impersonation fraud — a type of fraud in which bad actors impersonate property owners and attempt to sell property they don’t own. Scammers pose as property owners and contact a real estate agent to list the property for sale.

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Sellers Real Estate Agent Real Estate Insurance 370

Appraisal Buzz

SEPTEMBER 26, 2022

The “official unofficial” government-related loan definition of market value is clear. Also part of the definition: Reasonable market exposure time. As an appraiser, I had to look at what I had spent a lifetime doing: “Find market value.” To find market value, I first had to carefully study that pesky definition.

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Market Value Sellers Buyers Finance 321

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” We don’t just pull numbers out of the air—they are market supported adjustments backed by ‘many angles’ of research.”

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Real Estate Agent Real Estate Agents Appraisal 97

Housing Wire

MAY 25, 2021

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. Navigating appraisal challenges in today’s housing market.

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Appraisal Valuation Real Estate Modernization 370

Housing Wire

JUNE 7, 2024

You can meet new people anywhere, and you never know who’s thinking about putting their house on the market. BNI (Business Networking International): These chapters can be tricky to get into as a real estate agent, but if you’re able to find one with an open seat, jump on it. Or look into starting your own! Who’s it for?

Real Estate 468

Real Estate Open Houses Agents Sellers 468

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .

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Appraisal Market Value Contracts Agents 418

Appraisal Hub

MAY 5, 2024

As a seasoned appraiser in the vibrant real estate market of Toronto, I’ve had the privilege of witnessing the ever-evolving landscape of property valuation. Over the years, I’ve come to appreciate the symbiotic relationship between appraisers and real estate agents.

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Real Estate Agent Real Estate Agents Appraisal Process 78

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.

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Real Estate Agent Real Estate Agents Reconsideration of Value 87

Lamacchia Realty

MARCH 17, 2023

WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property.

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Market Value Marketing Real Estate Agent Real Estate 74

Birmingham Appraisal

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals.

Real Estate Agent 85

Real Estate Agent Real Estate Agents Appraisal 85

Housing Wire

MAY 26, 2023

Then, posing as the property owner, the scammer contacts a real estate agent to list the property. The property is then listed, typically below market value to generate interest in the listing. Oftentimes this leads to the discovery of vacant lots.

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Sellers Real Estate Realtors Real Estate Agent 397

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

(MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. Real estate agents are typically the individuals who provide information in the MLS. Of course, we also try to verify this information by calling the listing agent.

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Agents Appraisal Renovations Development 378

McKissock

DECEMBER 20, 2021

Hiring an expert is still preferred, and, in a 2020 study, more than half of buyers said that real estate agents helped them glean more information than they otherwise would have from online portals, saving significant amounts of time, money, and stress. How Can Real Estate Agents Help Online Buyers and Sellers?

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Real Estate Agent Real Estate Agents Sellers 64

PennyMac

JULY 20, 2021

Whether you are buying or selling a home, your real estate agent will be your partner through one of the most significant transactions of your life. Finding the right agent should involve careful planning and research, but many of us just don’t know where to start. How long have you been working as a real estate agent?

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Real Estate Agent Real Estate Agents Sellers 69

Housing Wire

NOVEMBER 5, 2023

In an ever-changing real estate market, agents are looking for the best way to generate leads. Circle prospecting requires a combination of interpersonal skills, local market knowledge, and often, patience. Offering value Providing value is crucial in circle prospecting.

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Real Estate Tools Real Estate Agent Agents 221

McKissock

SEPTEMBER 21, 2021

In a recent Forbes article, The Impact Of A Hybrid Work Environment On Real Estate , Co-Founder & CEO of Replay Listings Rodolfo Delgado predicts a “downsizing” trend within the commercial real estate space, potentially opening up opportunities for commercial real estate agents to help newly-hybrid companies navigate the relocation process.

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Real Estate Real Estate Agent Marketing Landlords 94