Housing Wire

AUGUST 3, 2023

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” So how can real estate agents be so cavalier about their job? trillion to $7.9

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

Housing Wire

JULY 26, 2024

The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties. In a controlled transaction there is an established relationship between the buyer and seller. However, it might save both parties money on Realtor fees.

Market Value 459

Market Value Real Estate Agent Real Estate Finance 459

Housing Wire

MAY 21, 2024

For many, buying a home is a complex process, and navigating the real estate market’s rules and regulations can be tricky, especially in states where property sale prices remain a secret. Work with a real estate professional with MLS access In non-disclosure states, the role of real estate agents becomes even more crucial.

Real Estate Agent 488

Real Estate Agent Real Estate Inspection Valuation 488

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?

Home Value 397

Home Value Real Estate Agent Sellers Real Estate 397

Housing Wire

JUNE 25, 2024

This is according to a new report from Opendoor , which describes emotional attachment to the home as “an oft-ignored consideration in real estate decision-making for those aged 55 and up.” Notably, according to the data, around 56% of 55+ home sellers have lived in their homes for 15+ years.

Real Estate 417

Real Estate Sellers Market Value Buyers 417

Housing Wire

APRIL 5, 2024

While the San Francisco-Oakland-Fremont housing market may be decently hot, local real estate agents feel that it could be hotter. The weather situation hasn’t been ideal, consumer confidence in the real estate market has weakened, interest rates are an issue and inventory is tight.”

Housing Market 459

Housing Market Marketing Inventory Sellers 459

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.

Appraisal 370

Appraisal Business Real Estate Agent Real Estate 370

Housing Wire

DECEMBER 4, 2020

iBuyer purchase volumes were significantly lower during the third quarter this year than they were pre-pandemic, according to zavvie ‘s inaugural Seller Preference Report. of market value across all markets since then. In Q3, iBuyer purchases dropped 82% year over year. Offer acceptance was at 4.7% the year prior.

Sellers 459

Sellers Market Value Inventory Marketing 459

Appraisal Buzz

AUGUST 16, 2021

Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value. In other words, why are appraiser estimating market value below the contract price so often?

Market Value 448

Market Value Buyers Appraisal Sellers 448

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. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

Housing Market 397

Housing Market Renovations Marketing Retail 397

Cleveland Appraisal Blog

JULY 20, 2022

It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. Appraisal gap clauses have become relatively common in recent years due to many homes being sold at prices that market data does not support as being the market value.

Appraisal 402

Appraisal Market Value Contracts Buyers 402

Appraisal Buzz

DECEMBER 9, 2024

Understanding these nuances is crucial for ensuring that time adjustments accurately reflect changing market conditions. To illustrate, Fannie Mae provides an example where the overall market value trend for a 12-month period increased by 7%. Specifically, it can show: 1. Read previous CoreLogic HPI reports here.

Appraisal 358

Appraisal Marketing Valuation Tools 358

Appraisal Buzz

MAY 20, 2024

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. Interest rates impact the housing market significantly — demand can rise or fall any time they go up or down. One excellent resource is local real estate agents.

Appraisal 370

Appraisal Marketing Valuation Sellers 370

Housing Wire

OCTOBER 12, 2023

When we go through the brokerage valuation process, the product is Fair Market Value (FMV). This is essentially the home price that a willing homebuyer would pay a seller. FMV is based on what we consider neutral terms, where the risk is equally shared between the buyer and the seller. the purchase price).

Sellers 448

Sellers Buyers Brokerage Valuation 448

Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. A CMA report includes information on similar, comparable properties in the area, including recent sales, active listings and current market trends.

Marketing 435

Marketing Real Estate Agent Clients Tools 435

Housing Wire

NOVEMBER 5, 2023

In an ever-changing real estate market, agents are looking for the best way to generate leads. In light of the recent NAR lawsuit outcome , seller leads are even more crucial. Companies like SmartZip can quickly and easily generate a list of potential home sellers based on data, not just a zip code.

Real Estate 221

Real Estate Tools Real Estate Agent Agents 221

Housing Wire

OCTOBER 15, 2020

StreetEasy , a real estate platform for buying, selling, and renting homes across New York City and New Jersey, has launched StreetEasy Valuation, an AI-powered home valuation tool. Estimates are viewable by owners only, and availability is subject to sufficient data for a given home, StreetEasy said.

Valuation 370

Valuation Tools Market Value Real Estate 370

Listing Spark

JANUARY 5, 2025

Start with a home seller’s checklist to ensure you are organized and prepared. Really look into the neighborhood market activity. Here is a great net sheet by Stewart Title for sellers to calculate listing expenses. Here is a great net sheet by Stewart Title for sellers to calculate listing expenses.

Sellers 69

Sellers HOA Real Estate Agent Contracts 69

Appraisal Buzz

SEPTEMBER 26, 2022

We have rules, we have standards, and we all know the exact definition of value. The “official unofficial” government-related loan definition of market value is clear. It says buyer and seller are: Prudent and knowledgeable. Also part of the definition: Reasonable market exposure time. Typically motivated.

Market Value 321

Market Value Sellers Buyers Finance 321

Appraisal Buzz

MARCH 25, 2024

Of course, this applies to the work of real estate appraisal as well. The transaction is a complex interplay between buyer and seller. Striving to look through the microscope of empirical thought, we must not forget that our subject is more than real property, it is real people. Well…we must synthesize them.

Sellers 379

Sellers Appraisal Real Estate Buyers 379

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.

Market Value 354

Market Value Appraisal Agents Real Estate Agent 354

Cleveland Appraisal Blog

MAY 27, 2021

While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. While some may be willing to spend more than market value on a home, in many cases, there is a threshold to the amount a buyer is willing to spend on a home.

Market Value 418

Market Value Appraisal Buyers Contracts 418

Realvals

FEBRUARY 10, 2025

Appraisals play an important role in real estate transactions, but privacy is always a concern. Appraisals contain sensitive information such as the property value, interior photos of the property, and names of people involved. This figure represents the property’s fair market value.

Appraisal 78

Appraisal Property Taxes Real Estate Market Value 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

Realtor

SEPTEMBER 19, 2023

That means you get zero say in who’s determining the financial value of the home you’ve lived in, loved, and sunk your savings into. Here are some things sellers can do—straight from the home appraisers’ mouths—to navigate the process of home appraisals. Here’s how to find a real estate agent in your area.

Appraisal 189

Appraisal Sellers Real Estate Agent Appraisal Process 189

Housing Wire

AUGUST 28, 2023

“[It’s] essentially redlining — neighborhoods of predominantly people of color are given lower market value,” said one non-appraiser respondent. Meanwhile, 39% said they had challenges finding sellers.

Appraisal 370

Appraisal Logistics Valuation Appraisal Process 370

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. year over year.

Luxury Properties 488

Luxury Properties New Listings Buyers Market Value 488

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. The seller will probably never know.

Appraisal 418

Appraisal Market Value Contracts Agents 418

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.

Appraisal 505

Appraisal Valuation Technology Training 505

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. from an out of market area) and will also mortgage fraud supercharged.

Appraisal 300

Appraisal Inspection Real Estate Agent Agents 300

Realtor

MAY 17, 2023

As a seller, here’s what you need to know about the settlement process. If the appraisal comes in higher than the sales price, then the buyers can relax in the satisfaction they’ve purchased a home for less than its market value. Once the contract has been signed, a seller can’t renegotiate the price higher.

Sellers 138

Sellers Inspection Contracts Property Taxes 138

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. Usually, the information further supports my opinion of value, when I take a closer look. Does this seem healthy to you?

Housing Market 368

Housing Market Marketing Reconsideration of Value Appraisal 368

Cleveland Appraisal Blog

JANUARY 5, 2023

I’ve noticed recently that when I call real estate agents to confirm information about properties I am using in my appraisal, almost every agent answers their phone and if they don’t, even if I don’t leave a message, they call me back. How much of their list price can sellers expect to see in future months?

Housing Market 374

Housing Market Marketing Appraisal Inventory 374

Appraisal Buzz

JANUARY 20, 2025

Real estate markets are complex, but they do have discernible patterns, because the actions of buyers and sellers are not random. Without the appropriate metric, any combination of sales will result in a potential value conclusion which is a poor predictor of value.

Appraisal 248

Appraisal Real Estate Buyers Market Value 248

Realtor

AUGUST 7, 2019

“The collateral for the loan is the home, so lenders require an independent appraiser to inspect it and advise on its value,” explains Michael Drake , president of PMG Home Loans. And they may not accept an appraisal that the seller did at the time of listing.”. Appraisal value isn’t always the same as market value.

Sellers 111

Sellers Appraisal Market Value Real Estate Agent 111

AmeriMac

JANUARY 31, 2025

Understanding Real Estate Appraisals in New Albany In real estate transactions, a real estate appraisal is very important. A qualified professional appraiser gives an unbiased estimate of the property’s market value. Buyers and sellers must understand these factors to make smart choices.

Real Estate 36

Real Estate Appraisal Valuation Real Estate Agent 36

Housing Wire

FEBRUARY 10, 2025

When I first started in real estate, I was eager for advice. Running open houses (among other strategies) has helped me build a sustainable career in real estate at Your Property People. Why is the seller moving? Use the information you gathered about the home to develop a hook for your open house marketing.

Open Houses 296

Open Houses Agents Real Estate Property Taxes 296