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Double whammy: Florida condo market grapples with rising insurance costs, milestone inspections

Housing Wire

While there is no doubt that the Florida housing market has slowed since the height of the post-pandemic homebuying boom, the state’s condominium market has been especially hard hit, according to local agents. “It It has definitely slowed,” said Cyndee Haydon , a Seminole-based agent for Future Home Realty.

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Propy partners with Inspectify to streamline home inspections

Housing Wire

Real estate technology platform Propy is now enabling its users to handle property inspections without leaving its app. The San Francisco -based Propy has formed a partnership with property inspection platform Inspectify , according to a joint announcement on Tuesday.

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HUD resumes inspections of public housing units amid COVID-19 pandemic

Housing Wire

The Department of Housing and Urban Development said it was resuming in-person inspections of public housing units, though families concerned about the spread of COVID-19 can decline to have a HUD worker in their home. The post HUD resumes inspections of public housing units amid COVID-19 pandemic appeared first on HousingWire.

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The home inspection process: Should you skip it?

Housing Wire

People often confuse the home appraisal with the home inspection. Inspections, on the other hand, are designed to assess the condition of the home, and they’re 100% optional for the buyer. Are you considering skipping the home inspection? A home inspection ensures you have the full picture regarding a property’s costs and value.

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Are borrower-assisted inspections here to stay?

Housing Wire

In most cases the in-person inspections required by GSEs, FHA and VA policies can continue per policy; however, adjustments to policy compliance are often needed to get the loan underwritten. When inspections are safe and feasible, appraisers are wearing personal protective equipment (PPE) such as masks, gloves and shoe coverings.

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Incenter’s virtual appraisal solution brings “arms-length” photos back to the remote inspection process

Housing Wire

With social distancing and lockdown orders, inspectors and agents struggled to determine a home’s value without being there in-person. To help mitigate these pain points, Incenter Appraisal Management is offering remote BPO and remote inspection capabilities paired with AVMs.

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Home inspection startup PunchListUSA raises $39 million in Series A

Housing Wire

Charleston, South Carolina-based real estate tech firm PunchListUSA , which calls itself the first platform digitizing national home inspection data , closed on a $39 million Series A funding round this week. . ’s largest home inspection services providers, to offer customers instant repair estimates. .