Dealing with Low Appraisal Values

What Happens When Appraisal Values Come up Short?

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago

For the past two years, appraisal valuations have rarely fallen short.

What Happens to Housing when There’s a Recession?

keepingcurrentmatters keepingcurrentmatter... | 1 year ago

Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly. As the 2022 CEO Outlook from KPMG says: “Global CEOs see a ‘mild and short’ recession, yet optimistic about global economy over 3-year horizon . . . More than 8 out of 10 antic...

HomeStreet’s earnings come up short as it shifts gears

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

HomeStreet Bank generated second quarter earnings that fell just short of matching its results in the prior fiscal period as it reduced single-family expenses and expanded other business lines.The Seattle-based company earned $17.7 million during the fiscal period, down from $20 million in the first quarter and $29.2 million a year earlier. Despite adverse impacts to the single-family lending from higher rates, strong overall loan portfolio growth of 15% contributed to 4% growth in revenue over...

What Happens When You're "Busy" In 2019.

activerain activerain | 5 years ago

Hi ActiveRainers, Quick question - what is "busy" and what are you busy doing?Most agents say they are busy but all that means is they are focused on 1 or 2 customers. Customers that are eating up all your time. The issue is that the rest of your database suffers. If 2 needy customers ate up 3 months of your life, then how top of mind do you think you are with the rest of your database? You're not. At all. This is where we come in and this is what I want to show you. The website we want to b...

No One’s Been Thinking About What Happens When Things Go Down

housingbubble.blog housingbubble.blog | 1 year ago

A report from Vice Magazine. “Brent Rogol, an agent in New York, was recently selling an apartment to a buyer who was heavily invested in tech stocks, which dropped dramatically in value over the course of negotiations. ‘It really reduced her buying power, and we were only able to get so much,’ Rogol said. ‘We ended up settling with this person because she was the only buyer, and she just couldn’t go any higher because of her portfolio.’ Rogol and his client were nervous until the ...

Mortgage stocks are getting battered – what happens next?

housingwire housingwire | 1 year ago

Publicly traded mortgage lenders saw over $6 billion in value disappear in just over a week. They could be facing the worst downturn since 2008. But at least they have options. The post Mortgage stocks are getting battered – what happens next? appeared first on HousingWire.

What Happens to Rent Prices When 1,000,000 New Units Come Online in 2024? w/Chris Salviati

Business & Economy Website Business & Economy W... | 1 month ago

Rent prices peaked in 2022 after a double-digit percentage run-up. Due to more household formation, disposable income, and remote work availability, Americans were doing whatever they could to upgrade their […]

Home appraisal tips - and what is home appraisal based on | Opendoor

opendoor opendoor | 1 year ago

Whether you’re selling or purchasing a home, you’re likely to encounter a home appraisal contingency at some point. While there’s no doubt the process can be nerve wracking, knowing what to expect from a home appraisal can put those nerves at ease. We’re here to break down the what, why and how of home appraisals and share some tips to help your home come out on top. In this article, we will cover: What is an appraisalWhy should you care about an appraisal as a buyer?How is a home apprai...

Should You Use Zillow Home Values When Pricing Your Investment Property?

mashvisor mashvisor | 1 year ago

Pricing homes to sell is an art. But with tools like Zillow home values, you might not need to wait around for a realtor. You might not even need help in figuring out a selling price for your property. Table of Contents What Is Zestimate? Can Zillow Give an Accurate Estimate of Home Value? Benefits of Using Zillow Home Values Drawbacks of Using Zillow Home Values Should You Use Zillow Home Values? How to Accurately Price Your Investment Property Conclusion While it seems like it would be a fast ...

Rookie Reply: What To Do When an Appraisal Comes Back Low?

Business & Economy Website Business & Economy W... | 1 year ago

This week’s question comes from Mantas on the Real Estate Rookie Facebook Group. Mantas is asking: My buddy placed an offer substantially above asking price and the seller, before accepting the offer, asked my friend if he would pay the difference if the appraisal came in lower than the offer. Anyone encountered this situation and what would be the best response if any? Ah, the classic appraisal gap/appraisal contingency. During hot housing markets (like we’ve been experiencing over the past...

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What Happens When Appraisal Values Come up Short?

What Happens When Appraisal Values Come up Short?