Housing Wire

AUGUST 16, 2022

The company, led by Alan Qureshi , says its self-service technology is “able to replicate any investor pricing and modeling construct in real time to provide a unique solution tailored to its clients, including private equity investors and investment banks.”

Technology 383

Technology Equity Investor Construction 383

RIS Media

MARCH 31, 2021

With inventory continuing to be at record lows in 2021, a new trend is developing in the real estate market regarding new-home construction. ” Of the new construction being built, many of them are more energy efficient and have more technology integrated into the homes. For more information, please visit www.unitedcountry.com.

Construction 106

Construction Sales Land New Construction 106

McKissock

OCTOBER 1, 2022

During the appraisal and appraisal report review processes, barndominiums require special consideration, given that they are typically unique to a subject neighborhood. These appraisals take more time and effort, therefore you should charge more for them. Here are five guidelines to follow when appraising barndominiums.

Design 85

Design Branding Construction Finance 85

Housing Wire

MARCH 22, 2021

.” At the head of this particular snake is the COVID-19 pandemic, which forced lumber mills to close in 2020 due to health and safety concerns, thus crippling builders and construction crews with skyrocketing material prices. “The lack of inventory on the market is preventing home sales from being much higher.”.

Inspection contingency 545

Inspection contingency Inspection Sales Mortgages 545

McKissock

MARCH 22, 2022

Green homes require special consideration during the appraisal and appraisal report review processes, given that they are typically unique to a subject neighborhood. These appraisals take more time and effort, as well as a certain kind of knowledge and skill—which you can secure with McKissock’s Certified Green Home Appraiser program.

Design 90

Design Construction Sales Development 90

McKissock

APRIL 28, 2023

Vehmeier, Appraisal Educator Emeritus, shares an easy-to-understand appraisal reconciliation technique called Weighted Mean. ” While everything in that statement may be true, does it logically inform the reader as to how the appraiser arrived at the conclusions? As part of our contributor series, Steven W.

Sales 69

Sales Development Residential New Construction 69

Realtor.com

NOVEMBER 17, 2022

Many homebuyers may find the added expense of new construction well worth it, due to the money they stand to save on renovations and repairs that might crop up in an older home. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics.

New Construction 126

New Construction Construction Development Renovation 126

Housing Wire

JUNE 1, 2021

HUD plans to launch a “first-of-its-kind interagency effort” to combat inequity in appraisals , according to a White House press release. Why use several vendors for title searches, appraisals and underwriting when you can use one? The final sales price could not exceed four times the area median family income.

Title search 508

Title search Title Renovation Investor 508

Housing Wire

FEBRUARY 3, 2023

The loan program can’t be extended, relocked or renegotiated until after the lender receives a fully executed sales contract and is only eligible for up to 30 days of extension. Instead of reducing the price of the house, borrowers can take on a lower monthly mortgage payment by lowering the rate, Guaranteed Rate said. “By

Loans 370

Loans Loan Officer Closing costs Mortgages 370

Housing Wire

JULY 20, 2023

Lenders point to cost-cutting as their top business priority amid the mortgage industry facing a number of challenges – including high home prices , tight inventory of homes available for sale and interest rate hikes. We are] looking at technology that will help streamline and reduce appraisal costs for the borrower.

Lending 370

Lending Technology Mortgages Construction 370

HomeLight

AUGUST 20, 2021

You think your house sale is all wrapped up — but you’re not done yet. Typically within a week after you’ve had the house inspected, you’ll most likely have to endure a home appraisal , a professional assessment of your home’s value. An appraisal is a professional assessment of your home’s value.

FHA loan 104

FHA loan Inspection Pre-approval Loans 104

HomeLight

JULY 25, 2022

One of the world’s oldest sales maxims remains especially relevant in real estate transactions. And, even a home built with quality construction can fall into disrepair over decades or within an instant after a catastrophic weather event or other event tests or compromises its integrity. Let the buyer beware.

Inspection 93

Inspection Pre-approval Loans Finance 93

HomeLight

AUGUST 30, 2022

It’s natural to be curious about how a home appraisal works, especially when you’re in the process of selling and an interested buyer is relying on loan assistance to afford your asking price. While no two appraisals are exactly the same, there is a great deal of consistency on what to expect and how to prepare. Appraiser research.

Inspection 103

Inspection Agents Loans Construction 103

Realty Biz

JULY 11, 2022

At that point, you’ll sit down and construct on offer to purchase. One of the vital discussions you will probably have with your real estate agent is surrounding the real estate appraisal. Understanding how an appraisal contingency works will become paramount to the decision process. Add or Waive an Appraisal Contingency.

Earnest money deposit 83

Earnest money deposit Purchase and sale agreement Marketing Equity 83

McKissock

JANUARY 14, 2022

For example: I had an assignment to appraise a 3,500 sq. four-year-old masonry house of well above average quality construction. Free Download: Ready to launch your appraisal career? Find out how to become a property appraiser our free guide. How do appraisers address these odor issues?

Subject to inspection 77

Subject to inspection Inspection Residential MLS 77

Realtor.com

MARCH 8, 2021

Instead, you might need a construction loan. In this installment from our Guide to Building Your Own Home , we’ll cover everything you need to know about construction loans. What is a construction loan? This down payment is based on the combined cost of the land and estimated construction costs. For instance?

Loans 120

Loans Construction Land Finance 120

Housing Wire

AUGUST 18, 2023

Secret #2 Sometimes, especially in a low-inventory market, your potential seller client may know about comparable sales you didn’t capture. Know what’s going on with the new construction! What is motivating the sale? This will help you become more confident in your pricing strategy.

Pre-qualification 370

Pre-qualification New Construction MLS Construction 370

Housing Wire

JULY 7, 2023

ATTOM reports that one in 12 home sales last year — 8.4% — involved fix-and-flip investors. In general, after what we went through and what’s going on with home prices, construction costs and interest rates, there is less liquidity for bridge and fix-and-flip versus non-QM.” That’s what people are struggling with,” he said.

Marketing 370

Marketing Lending Banks Loans 370

McKissock

OCTOBER 23, 2020

There are many types of litigation where real estate appraisers can be helpful in providing evidence to the court. Many of these will require engaging the appraiser to perform an appraisal specifically for the case. Others will simply rely on a previous appraisal and call the appraiser to testify about it.

Bankruptcy 77

Bankruptcy Title Development Construction 77

McKissock

AUGUST 18, 2020

In my previous blog post , I observed that specializing in complex property appraisal can be very profitable for the residential appraiser—in Florida and all across the U.S. The complex assignment is one in which the property to be appraised, the form of ownership, or market conditions are atypical. What is a complex assignment?

Residential 71

Residential New Construction Development Commercial 71

HomeLight

APRIL 27, 2022

Below, learn the average cost of a shed, what it adds (or detracts) from home value , and how to make your shed a positive point during a sale. HomeLight asked four appraisers from different regions around the country how much value a shed adds to the appraisal. Get an Estimate on Your Home's Value. Here’s what they said.

Staging 98

Staging Agents Loans As-is 98

Housing Wire

JANUARY 7, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. While we have lots of new construction, there are lots of delays due to shortage of materials and also construction workers,” said Ethel Curbow, an agent at AMAX real estate. San Diego, California.

Marketing 397

Marketing Loan Officer Construction New Construction 397

Hank Miller Team

NOVEMBER 22, 2022

Appraisers and home inspectors are important parts of a real estate transaction, but they serve completely different purposes. There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. What is a Real Estate Appraisal?

Inspection 52

Inspection Lending Equity Agents 52

McKissock

DECEMBER 4, 2020

Developing an appraisal specialty is a great way to grow your business and stay competitive in the industry. Last month we asked our appraisal community, “What new appraisal specialty or niche would you like to break into?” Below, we share the results regarding which specialty areas appraisers are most interested in pursuing.

Commercial 66

Commercial New Construction Renovation Construction 66

Realtor.com

AUGUST 7, 2019

William_Potter/iStock Even if you’re new to this whole selling-a-house thing, chances are good you’ve heard of a home appraisal. And if you know just a little about the process, you know that the appraisal—a value put on your home by an objective third-party expert—can make or break your home sale.

Land 92

Land Loans Inspection Construction 92

McKissock

SEPTEMBER 10, 2020

As a commercial appraisal reviewer , before you accept a review assignment of a special purpose property, you should become very knowledgeable in understanding the “business component” of these types of properties. Below, we provide an overview of intangibles and outline six special purpose property tips for appraisal reviewers.

Commercial 54

Commercial Design Equity Branding 54

Keeping Current Matters

NOVEMBER 11, 2020

2,055 grants totaling $118 million were provided to help seriously disabled Veterans purchase, modify, or construct a home to meet their needs. VA Home Loans Often Offer : No down payment options as long as the sales price isn’t higher than the home’s appraised value. 306,879 VA home loans were made without a down payment.

Loans 257

Loans Closing costs Construction Closing 257

HomeLight

JUNE 28, 2021

You’re selling your home, and you’ve scheduled your appraisal appointment. The person who shows up at your door isn’t an appraiser at all, but an inspection specialist. She’s there for a hybrid appraisal, she tells you. There’s some debate among the real estate industry as to the accuracy of hybrid appraisals. Not quite.

Inspection 59

Inspection Technology Industrial As-is 59

Housing Wire

APRIL 1, 2024

In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. From a consumer protection standpoint, it’s a bit of a Wild West,” said Jenny Song, principal at Navitas Capital , a real estate and construction technology-focused venture capital firm.

Equity 441

Equity Finance Purchase and sale agreement Investor 441

Realty Biz

SEPTEMBER 11, 2023

However, not all homes under contract successfully transition to a successful sale. Under Contract When a home is "under contract," the buyer and seller have agreed on the terms of the sale, but the transaction has not yet been completed. Many sales will never make it to the closing due to various contingencies.

Earnest money deposit 116

Earnest money deposit Inspection Title Finance 116

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

Sales 89

Sales Purchase and sale agreement Due diligence Inspection 89

Toronto Realty Blog

MARCH 28, 2024

Those who know me – at least, through TRB, are fully aware of my thoughts on pre-construction condos, the pre-construction condo industry, and the way that pre-construction condos are sold and eventually built. Your “Buying Pre-Construction Condos and CAKE!” That made sense, right? It made sense.

Pre-qualification 74

Pre-qualification Marketing Construction Development 74

Realtor.com

JUNE 15, 2021

Both vacation home sales and the prices of these getaways shot up since last spring, according to a recent report from the National Association of Realtors®. Sales of getaway homes rose 16.4% The boost in vacation home sales was even more impressive in the first four months of this year, soaring 57.2%

Sales 93

Sales Commercial Construction Mortgages 93

Norada Real Estate

FEBRUARY 3, 2023

You do not need a degree in economics to become market-literate, just an understanding of how local real estate economies work, fluency with the terminology, and good sources for local data on sales, prices, values, and inventories. Sales rise in the spring and decline in the fall. Here are some others.

Marketing 98

Marketing Finance Lending Sales 98

McKissock

MAY 17, 2023

Quality refers to the quality of items, materials, and construction. When making appraisal adjustments, examine the quality of your data and remember that any quality ratings in your county records or MLS are not always reliable. How many sales are you actually using in whatever method you determine?

MLS 79

MLS Sales Inspection Construction 79

HomeLight

OCTOBER 5, 2020

But what if it’s a different kind of sale … for example, how much should you offer on a short sale? Enter the short sale : a solution for the seller, and a special opportunity for a buyer. What’s a short sale? Short sales are unique because they require the approval of the seller’s lender.

Short sale 63

Short sale Sales Banks Due diligence 63

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). Reggora is focused on helping its clients reduce appraisal desk staff by 75% by eliminating manual work. “Hey Clayton …” and a link.

Technology 384

Technology Brokerage Lending Mortgages 384