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.

Sellers 379

Sellers Appraisal Real Estate Buyers 379

Housing Wire

OCTOBER 23, 2023

Sellers must be prepared for complete transparency and to provide the innermost details of their company. Included would be vendor contracts that exceed a certain dollar amount, detailed descriptions of real property and fixed assets, intellectual property information, current listings and pendings, insurance documents, and more.

Real Estate 448

Real Estate Brokerage Valuation Contracts 448

Appraisal Buzz

AUGUST 7, 2024

The National Notary Association believes these owner/seller impersonation deed fraud policy recommendations are reasonable and necessary steps that should be adopted to protect property owners, real estate professionals and even Notaries who are victims of these crimes,” said Bill Anderson , VP of Government Affairs at NNA. “The

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Law Real Estate Government Realtors 397

George Dell

FEBRUARY 14, 2024

Perfect competition is when you have many buyers and sellers. A real property market is seldom or never perfect. A gathering or place for buying and selling things. It can be physical, or virtual, and involves at least one third party for competition. A “market” for […] The post What is The Market?

Marketing 195

Marketing Real Property Sellers Buyers 195

Appraisal Buzz

JUNE 20, 2022

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.

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Appraisal Property Appraisal Modernization Real Property 417

Cleveland Appraisal Blog

MAY 9, 2024

While median sales prices are increasing at a nice clip, sellers are pushing the envelope with their asking prices. If you’re a real property appraiser in Ohio, check us out! The median sales price of single-family homes in Cuyahoga County is approx. 4% higher last month than a year ago. 14% higher than a year ago.

Inventory 349

Inventory Appraisal Real Property Property Appraisal 349

Housing Wire

JUNE 9, 2021

This allows for a more objective analysis and better compliance, and often translates to a more efficient process with faster turn times, which allows buyers and sellers to transfer real property more cost effectively and with confidence. HW: What are some of the current challenges regarding property tax assessment?

Appraisal 418

Appraisal Property Taxes Valuation Technology 418

Housing Wire

NOVEMBER 9, 2020

Earlier this year, Fannie Mae and Freddie Mac modified their Seller Guides and provided guidance on several policy areas to support mortgage originations. The FHFA reported that lenders have accelerated their e-mortgage implementation plans because of social distancing requirements and borrowers’ desire to conduct business remotely.

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Law Legal Technology Real Estate 468

Cleveland Appraisal Blog

AUGUST 25, 2022

When you’re about to buy your first real property outside of your primary residence, you should know whether you’re going into it with the intention of renting or if you want to flip and make an immediate profit. It starts with managing your budget but also includes understanding which upgrades make a space more desirable.

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Investing Renovations Landlords Real Estate 337

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer.

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

NOVEMBER 30, 2023

Covers license law, real property, agency, state & federal laws, advertising, valuation, finance, real estate calculations, contracts & more + 15-hr Applied Real Estate Principles, an interactive course Leap Learning 60-hr Online Topics Package $419 60 of required 75 hrs. Self-paced. 15 of required 75 hrs.

Real Estate 448

Real Estate Realtors Real Estate Agent Law 448

Eppraisal

OCTOBER 28, 2021

They also help protect the sellers from any future liability. Seller's Residential Disclosures The seller's residential disclosures that you'll most likely be filling out and signing are: a state residential real property disclosure report, a disclosure of information on radon hazards, a mold disclosure and a lead-based paint disclosure.

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Inspection Sellers Contracts Buyers 36

Cleveland Appraisal Blog

APRIL 21, 2022

Second, when searching for sales that are similar to the property being appraised, I’ve never read agent comments in the Multiple Listing Service (MLS) that state, “This home’s list price is being reduced by ten percent because the neighbors are difficult and crazy.”. Sellers want to capitalize on how much they can sell their homes for.

Market Value 354

Market Value Appraisal Agents Real Estate Agent 354

Simonson Real Estate

JUNE 16, 2021

The role of the appraiser is to provide objective, impartial, and unbiased opinions about the value of real property—providing assistance to those who own, manage, sell, invest in, and/or lend money on the security of real estate.

Appraisal 78

Appraisal Real Estate Appraisal Process Real Property 78

Listing Spark

FEBRUARY 6, 2023

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. As a seller, this can help to ensure that buyers have the actual cash they are claiming they have.

Contracts 36

Contracts Real Estate Sellers Buyers 36

Eppraisal

FEBRUARY 7, 2023

Owning raw land has real potential along with its share of pitfalls. Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition.

Development 69

Development Sellers Legal Home Value 69

McKissock

APRIL 30, 2021

Additionally, it requires that the buyer and seller are not acting out of undue haste or duress and that the real property has been exposed on the market for a reasonable period of time. A Real Estate Owned (REO) transaction is a sale of a home that has been foreclosed and the lender is the owner/seller of the home.

Market Value 88

Market Value Real Estate Appraisal Sellers 88

Will Springer Realtor

FEBRUARY 27, 2024

One scheme growing in popularity involves “title pirates,” fake sellers who convince a buyer, real estate agent and/or title company that the “sellers” own a property and want to get rid of it quickly. Embassy/Consulate official will review IDs when the seller is staying abroad. No response equals no sale.

Real Estate 62

Real Estate Sellers Real Estate Agent Technology 62

Hood Homes Blog

SEPTEMBER 23, 2019

The Seller’s Disclosure is required by law, but ultimately not very useful Do your own due diligence on a property, including a third party inspection ! The seller is responsible to keep the seller’s disclosure updated. Texas Seller’s Disclosure Law. Lead-Based Paint. In the Contract.

Inspection 54

Inspection Sellers Law Agents 54

Lamacchia Realty

DECEMBER 18, 2023

AGENT VS. REALTOR: WHY THE DIFFERENCE MATTERS Often, we hear the terms “real estate agent” and “REALTOR ®” being used synonymously. To the everyday buyer and seller , they may not think there is much of a difference between the two. MLS is an extensive database of properties on the market.

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Realtors Agents Real Estate Agent Real Estate 74

Appraisal Partners Blog

JANUARY 31, 2024

In the ever-changing re­alm of real property, knowing the e­xact worth of your property plays a significant role. However, the appraisal of residential property involves several detailed steps and considerations. It make­s sure sellers ge­t an acceptable deal, and buye­rs are safe from paying too much.

Appraisal 78

Appraisal Property Appraisal Market Value Real Estate 78

Simonson Real Estate

JUNE 22, 2020

One indication of buyer expectations becoming increasingly cautious in the multi-family market is that one commercial real estate broker has reported eight multifamily deals that have been sidelined recently. Property owners that have a good standing with their banks and good cash flow will not see the need to meet buyers’ lower expectations.

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Valuation Real Estate Appraisal Retail 146

Annarbor Appraisal

APRIL 9, 2020

On 3/23/20, Governor Gretchen Whitmer announced a “stay at home” order affecting all non-essential businesses, which included real estate showings. Buyers, sellers, and the Realtors who work with them are adaptable, and some transactions have continued via virtual showings. On this date, our world changed even further.

Property Taxes 78

Property Taxes Buyers Sellers Realtors 78

Housing Wire

OCTOBER 9, 2023

We’ll also dive into necessary steps and helpful tips, answer frequently asked questions, and provide all the key information you need to get your real estate license in Illinois, so keep reading. The actual professionals who many states call “brokers,” however, are called “managing brokers” in Illinois.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

Empire Appraisal Group

AUGUST 12, 2021

Be ready to explain to home buyers and sellers why there may be conflicting reports on a home’s livable space. Many characteristics affect the appeal, marketability, and value of a property. Be sure to be informed when talking to buyers and sellers about the spaces within a home. Why Do Square Footage Disputes Arise?

Sellers 78

Sellers Appraisal Development Construction 78

Annarbor Appraisal

JUNE 6, 2019

Often, buyers and sellers are under the impression that it is simple to price a house by its square footage. This is the same idea behind price per square foot for real property valuations. If you have questions about how an appraiser values a property, please reach out to your local appraisal expert and ask questions.

Appraisal 78

Appraisal Valuation Real Property Sellers 78

The Robert Weiler Company

OCTOBER 15, 2021

As such, investors must verify the seller, financials, and property obligations (i.e., Many commercial property investors don’t realize that they also have the opportunity to request that the due diligence period begins after the seller provides each necessary piece of information. Skimping out of the physical inspection.

Investing 138

Investing Real Estate Tenants Investors 138

The Colorado Real Estate Blog

AUGUST 31, 2017

Historically, when real property changed ownership, the seller brought the buyer a handful of dirt from the land to symbolize that the title was transferred. Now, instead of dirt, legal documents called deeds are used to convey the title of real property from one person or entity to another.

Real Estate 36

Real Estate Real Property Legal Sellers 36

The Robert Weiler Company

SEPTEMBER 30, 2020

Another source to provide guidance if there is a dispute between the appraisal reviewer and appraiser is the book, ‘ Review Theory and Procedures: A Systematic Approach to Review in Real Property Valuation. ’. Published by the Appraisal Institute, this book defines a real property valuation review process model as an organizing tool.

Real Estate 137

Real Estate Appraisal Valuation Property Appraisal 137

Simonson Real Estate

SEPTEMBER 25, 2020

One indication of buyer expectations becoming increasingly cautious in the multi-family market is that one commercial real estate broker has reported eight multifamily deals that have been sidelined recently. Property owners that have a good standing with their banks and good cash flow will not see the need to meet buyers’ lower expectations.

Valuation 130

Valuation Appraisal Marketing Real Estate 130

Empire Appraisal Group

JULY 1, 2021

It’s also the appraiser’s job to develop an opinion on a home’s fair market value, and just because the buyer and seller have agreed on a price doesn’t mean that’s the true value of the property, said Francois Gregoire, broker, appraiser, instructor, and president of Gregoire & Gregoire Inc.,

Agents 78

Agents Appraisal Real Estate Realtors 78

McKissock

AUGUST 13, 2021

Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. A key element in classic fraudulent transactions is getting an appraisal that overvalues the property.

Contracts 64

Contracts Appraisal Market Value Real Estate 64

East Coast Appraisal

OCTOBER 18, 2021

As the seller, you likely want a real estate appraiser who will provide an impartial opinion based on your current home's condition and the prices of other properties in your location. A home appraisal is vital when you want to sell your house. So how do you choose the right home appraiser? Experience.

Appraisal 52

Appraisal Property Appraisal Valuation Real Estate 52

McKissock

SEPTEMBER 20, 2021

This Case Interpretation of Article 7 involves an undisclosed dual agency, where the listing agent accepted compensation from the seller and buyer without disclosing it to the seller. This includes “opinions of real property value or price.” You may represent the seller and will owe fiduciary duties to that seller.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Will Springer Realtor

AUGUST 2, 2022

Preparing a home for sale includes dozens – or even hundreds – of steps choreographed between seller, agent and other key individuals. That’s why it’s critical for a competent real estate professional and title officer to review the title as soon as possible and help identify any potential concerns.

Easement 36

Easement Sellers Legal Buyers 36

Lamacchia Realty

APRIL 4, 2024

When it comes to real property (including a home or land), there are different kinds of ownership that help the courts determine who the executors of an estate sale will be: Sole Ownership – This is when a property is owned by one individual.

Tenants 57

Tenants Realtors Legal Real Estate 57

Appraisal Today

SEPTEMBER 22, 2023

Using MLS photos is a joke, as real estate agents don’t take photos of defects. A buyer gets a seller’s disclosure statement for that information. When I started in this business long ago, there was no such thing as a licensed appraiser or a certified real property appraiser. I bought my duplex in 1/86 for $140,000.

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Appraisal Training Inspection Real Estate 90