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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.” Sometimes there are adverse site conditions for properties, such as busy streets, flood zones, commercial influence, etc.

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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? This includes foreclosed properties, flipped properties, distressed properties, commercial properties and industrial properties. You’ve found a house for your buyer or a buyer for the home you’re selling. Not necessarily.

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Institutional SFR players are stuck in the doldrums

Housing Wire

The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.” Invitation Homes (IH) spent about $25,000 on renovations per home for its California SFR portfolio, pleadings in the lawsuit state.

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How to Buy a Multifamily Property in 10 Steps

The Close

It is generally more straightforward and manageable than purchasing a large commercial property. Renovation costs: Depending on the property’s condition, you may need minor and/or significant renovations before renting it out. The longer renovations take, the higher your carrying costs will be.

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Asbestos Home Inspections: When to Get One and What to Expect

HomeLight

Should you get an asbestos home inspection to find out more? The EPA banned spray-on asbestos through the Clean Air Act of 1970, and current legislation does not allow asbestos in products classified as flooring felt, rollboard, commercial paper, specialty paper, and corrugated paper. When should you get an asbestos inspection?

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Everything You Need to Know About Investing in Multi-Family Real Estate

AAOA

After finding the right property, conduct a thorough inspection and review its financials to ensure it meets your criteria. They may face functional issues, have outdated designs, or require maintenance and renovations. This step involves renovating and repairing the property to ensure it is in excellent condition.

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Finding the Perfect Multifamily Property

AAOA

When buying a rental property, there are local price trends, zoning rules and vacancy rates to consider in addition to financing and renovation costs. Be aware of the down payment requirements and interest rates of conventional, commercial, FHA and VA loans, as they may vary depending on the size of the property.