Housing Wire

SEPTEMBER 19, 2023

Appraisals are required for homes financed with any type of mortgage. Getting approved for a mortgage depends largely on the outcome of an appraisal. Mortgage lenders want to make sure the property is worth the sale price. This will help you set a realistic price and manage your sellers’ expectations.

Real Estate 476

Real Estate Appraisal Agents Inspection 476

Appraisal Buzz

AUGUST 8, 2024

Chen Zhao, Redfin’s Economics Research Lead, predicts that the market will likely surpass $50 trillion within the next 12 months due to a lack of new listings keeping prices elevated. New Jersey leads in value gains New Jersey metros close to New York City saw the largest jumps in property value over the last year. trillion.

Valuation 417

Valuation Housing Market Marketing Home Value 417

Housing Wire

JUNE 25, 2024

Even as older Americans make their voices heard when it comes to aging-in-place preferences, some in the mortgage business have taken issue with older homeowners staying in their homes for longer periods of time. Notably, according to the data, around 56% of 55+ home sellers have lived in their homes for 15+ years.

Real Estate 407

Real Estate Sellers Market Value Buyers 407

Housing Wire

APRIL 19, 2024

Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile. High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market.

Luxury Properties 487

Luxury Properties New Listings Buyers Housing Market 487

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. These are market-based decisions.” Kearney’s simple strategy for surviving as a high-volume seller in an environment where demand has dried up: listen to the market and do what it says. “As

Housing Market 397

Housing Market Renovations Marketing Retail 397

Housing Wire

APRIL 5, 2024

Although other local agents said they wouldn’t characterize the market as being in a lull, they agree that interest rates and inventory are two major challenges to overcome. A lot of the sellers in our area refinanced their houses when they could get a loan rate of like 2.75%,” Gordon said. “If

Housing Market 458

Housing Market Marketing Inventory Sellers 458

Appraisal Buzz

JUNE 10, 2024

of US home sellers reduced their asking price on average, representing the largest percentage since November 2022. And the average active listing has been on the market for 46 days, up 2.3% Housing Market Highlights: The Four Weeks Ending June 2 The median sale price was $392,200, representing a 4.4% Home prices jumped 4.4%

New Listings 397

New Listings Sellers Mortgage Agents 397

Appraisal Partners Blog

MARCH 12, 2025

An FHA loan is a mortgage insured by the Federal Housing Administration. FHA appraisals have two main objectives: Determine Market Value: Like all appraisals, the FHA appraisal determines the fair market value of the property. The seller is typically responsible for these repairs, although this can be negotiated.

Appraisal 78

Appraisal Inspection Market Value Sellers 78

Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value.

Inspection 459

Inspection Appraisal Appraisal Process Buyers 459

Housing Wire

OCTOBER 15, 2020

Homeowners can now get a StreetEasy estimate of their homes’ current market value based on features that are unique to New York City, the company said. Homeowners start by claiming their home, then requesting an AI-powered estimate of their home’s current market value, an estimated price per square foot and monthly rent.

Valuation 370

Valuation Tools Market Value Real Estate 370

Housing Wire

AUGUST 28, 2023

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. Meanwhile, 39% said they had challenges finding sellers. The NAR survey included feedback from 2,174 respondents, including 388 appraisers.

Appraisal 370

Appraisal Logistics Valuation Appraisal Process 370

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. Many nosy neighbors end up turning into sellers, and hosting open houses is a fantastic opportunity to showcase your marketing skills.

Real Estate 468

Real Estate Open Houses Agents Sellers 468

Housing Wire

FEBRUARY 7, 2023

The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. Independent mortgage banks (IMBs) leaning on MSR sales, however, now face a supply-demand imbalance, market observers say.

Sellers 321

Sellers Investors Valuation Finance 321

Miller Samuel

NOVEMBER 30, 2018

My friend and appraisal colleague Ryan Lundquist and I authored a petition on change.org to point out the growing wreckless behavior that is enveloping the mortgage process. There’s a proposal from the FDIC, Federal Reserve, and Treasury Department not to require appraisals for some mortgages under $400,000. Ever heard of straw buyers?

Appraisal 300

Appraisal Inspection Real Estate Agent Agents 300

Housing Wire

JANUARY 13, 2022

enters the third year of the pandemic, the 2022 housing market remains on stable ground. for the 30-year-fixed rate mortgage by year end, the rate increases may temper demand in 2022. As the U.S. Existing-home sales for 2021 are expected to show the highest levels in 15 years. While interest rates are projected to rise in 2022 to 3.5%

Buyers 488

Buyers Inventory Landlords Housing Market 488

Housing Wire

MAY 20, 2021

Accurately establishing a home’s value is not just an important factor in real estate transactions and mortgage lending, it is integral to household wealth creation, as homeownership continues to be one of the primary pathways for Americans to build wealth. An AVM will use this sale record as part of the formula to estimate value.

Appraisal 505

Appraisal Valuation Technology Training 505

Housing Wire

NOVEMBER 23, 2021

The MSR sales market is finishing out 2021 at a robust pace that market observers expect will continue into the new year, propelled by a rising-rate environment and anticipated tax-code changes. The appetites from the buy side are very strong and deals that are being put in the market are getting done.”.

Marketing 358

Marketing Mortgage Market Value Sellers 358

Realvals

FEBRUARY 10, 2025

Most commonly, appraisals help buyers, sellers, and lenders make informed decisions about real estate transactions. These comparables or “comps” help determine the home’s value in the current market. The appraiser then weighs all factors to arrive at the appraised value.

Appraisal 78

Appraisal Property Taxes Real Estate Market Value 78

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Don’t drink the Kool-Aid that any contract price is reflective of market value.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Housing Wire

AUGUST 31, 2023

Fast forward to 2022 and Freddie Mac announced the availability of ACE+ PDR for cash-out refinance and certain “no cash-out” refinance mortgages. As such, we are transitioning to a range of options to establish a property’s market value, with the option matching the risk of the collateral and the loan transaction.”

Modernization 415

Modernization Appraisal Inspection Valuation 415

Appraisal Hub

DECEMBER 11, 2024

If the inspector finds issues, you can: Negotiate repairs with the seller. A home appraisal determines the fair market value of the property. Appraisals arent just for buyerstheyre also invaluable for sellers. Determines the propertys market value. Ask for a lower price to cover the fixes.

Inspection 78

Inspection Buyers Appraisal Investing 78

Cleveland Appraisal Blog

JANUARY 5, 2023

Even before the pandemic’s incredible surge in housing demand, the market in Northeast Ohio was skating along nicely. However, the markets have hit an abrupt slow down, or might I say, cool down, kind of like this ice skater experienced. The next few months will really be telling about what’s happening in our market.

Housing Market 369

Housing Market Marketing Appraisal Inventory 369

Realtor

OCTOBER 29, 2020

Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Get final mortgage approval. Clear the title.

Buyers 207

Buyers Inspection Contracts Real Estate Agent 207

Realtor

NOVEMBER 7, 2023

If demand in your area is high, a seller could expect a larger deposit. If the market is cold, a seller could be happy with less than 1%. Other governing factors like state limitations and rules can cap how much earnest money a seller can ask for. The amount you need to pay varies by location, lender, and loan type.

Inspection 191

Inspection Insurance Sellers Buyers 191

Empire Appraisal Group

JULY 14, 2022

About 45% of mortgaged residential properties in the U.S. Equity rich means that the combined estimated amount of the loan balance on the home was no more than 50% of the home’s estimated market value. of mortgaged homes equity-rich), Vermont (68%), Utah (63.6%), Washington (60.9%), and Arizona (60.9%).

Sellers 78

Sellers Marketing Market Value Realtors 78

Boston Appraisal

NOVEMBER 6, 2020

As of the end of October 2020, interest rates on a 30-year refinance mortgage were averaging around 3.2%. The primary reason appraisals differ is because, in reality, real estate appraisals are designed to provide a range of value rather than one set price. All the reasonable purchase offers created a range of value.

Appraisal 148

Appraisal Market Value Real Estate Sellers 148

Listing Spark

DECEMBER 9, 2020

One of the most common questions we get from our home sellers at ListingSpark is “How do I determine what my closing costs are”? For this article, we are going to focus on the home seller closing costs we would typically see in Texas with a residential sale (commercial sales typically have a different set of fees).

Sellers 69

Sellers HOA Insurance Contracts 69

Appraisal Hub

SEPTEMBER 8, 2023

In today’s real estate market, the process of obtaining a mortgage can seem complex and daunting. One crucial step that often goes unnoticed by many prospective homeowners is the mortgage appraisal. This step is not just a formality; it plays a pivotal role in determining whether or not you get approved for a mortgage.

Appraisal 78

Appraisal Mortgage Mortgage Appraisal Market Value 78

AmeriMac

JANUARY 31, 2025

A qualified professional appraiser gives an unbiased estimate of the property’s market value. This value considers different factors to ensure buyers and sellers are treated fairly. Understanding real estate appraisals is crucial in a changing market like New Albany, OH.

Real Estate 36

Real Estate Appraisal Real Estate Agent Valuation 36

McKissock

APRIL 30, 2021

Sales due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than the property’s market value. Remember, in general, market value is defined as the most probable price a property should bring in a competitive and open market. Non-arm’s length sale. Arm’s length sale.

Market Value 88

Market Value Real Estate Appraisal Sellers 88

DataMaster

APRIL 6, 2021

Appraising is an often misunderstood part of the refinance and mortgage process. An appraisal is an unbiased valuation of the fair market value of a home. We must look at the market analysis and where we are coming from. Keven also shared the factors that he considers in determining the market value as a home.

Appraisal 158

Appraisal Appraisal Process Buyers Legal 158

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. Dossman says this is the most common outcome.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. Dossman says this is the most common outcome.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Adjustable-Rate Mortgage (ARM). Assessed Value. Amortization.

Mortgage 69

Mortgage Insurance Inspection Sellers 69

AmeriMac

MARCH 15, 2025

Understanding Appraisal Management In real estate, determining a property’s fair market value is crucial for transactions. It helps ensure fair real estate deals and simplifies mortgage lending by reducing risks of overvaluation.

Appraisal 36

Appraisal Valuation Real Estate Appraisal Process 36

Cleveland Appraisal Blog

MARCH 18, 2021

The MLS reflected it as a pending sale with zero days on the market. So, it does not appear to have been exposed to the market. Perhaps the sellers had a pool of buyers looking for homes to buy in this area. My market analysis was reflective of what was taking place in that neighborhood as of the date of the appraisal.

Appraisal 195

Appraisal Investors Market Value Contracts 195

Appraisal Hub

AUGUST 13, 2021

It’s in the best interests of the bank, the seller, and the buyer to get an appraisal for the following reasons: The bank – Proper appraisal is critical in underwriting. If the loan is worth more than the home’s market value, the bank may find it challenging to recover their investment if the buyer defaults on their mortgage.

Appraisal 78

Appraisal Property Appraisal Market Value Sellers 78