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Real estate appraisals: What agents should know

Housing Wire

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? A licensed appraiser conducts the evaluation and considers the condition of the property, the location and sales of comparable properties (comps) in the area. Mortgage lenders want to make sure the property is worth the sale price.

Agents 441
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What AVMs can and can’t do in the appraisal process

Housing Wire

Further, Fannie notes, “Leveraging the wealth of big data, the power of advanced analytics, and the speed of technology, appraisers can perform desktop appraisals without physically inspecting the property.” AVMs do not consider such things nor can they provide an estimated value to adjust any sales prices. What about AVMs?

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Real estate appraisals: What agents should know

Real Trends

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? A licensed appraiser conducts the evaluation and considers the condition of the property, the location and sales of comparable properties (comps) in the area. Mortgage lenders want to make sure the property is worth the sale price.

Agents 87
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How Long Does It Take to Close on a House From Start to Finish?

HomeLight

Next steps include the home inspection, appraisal, and final paperwork. 24, you can expect to close on the sale of your home somewhere between the end of February to mid-March. HomeLight’s Simple Sale platform provides cash offers for homes in almost any condition across the country. How long does closing take from here?

Closing 111
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Home Appraiser vs. Home Inspector: What’s the Difference When Selling a Home?

HomeLight

One of the world’s oldest sales maxims remains especially relevant in real estate transactions. While they typically report to people on the other side of the transaction, the appraisal and inspection report generated by these professionals can impact your bottom line. Caveat emptor. Let the buyer beware.

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Everything You Need To Know About Selling A House With A Bad Roof

Realty Biz

That is a main reason why most lenders require an inspection of the property before they lend the money. They will then request an inspection. If a seller wants to sell their house for the top dollar, they may want to consider fixing their home before putting it on sale. Lenders view all of the appraisals.

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Jobs in real estate without a license

Realty Biz

A house flipper typically purchases a property that needs renovations at below-market prices, updates its condition, and resells it at a higher price. They instead consent to flip the contract at a price higher than the initial amount, then take advantage of the difference between the contract and the new sale price.