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

Housing Wire

What is happening with condos is that we have the condo safety act that was implemented, and the milestone inspections, and then the reserve fundings that are going to be required,“ Pithers added. Then those milestone inspections are forcing associations to do work that makes their complexes more attractive as an insured risk.

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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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Real estate newsletters: The ultimate playbook (+ 49 topic ideas & subject lines)

Housing Wire

You can also create messaging for your investor clients to inform them of possible investment opportunities. For example, your investor clients probably wont be interested in a first-time home buyers checklist, and you most likely wouldnt want to send information about 1031 exchanges to the first-time home buyers in your database.

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Top Bay Area agent joins Coldwell Banker Realty

Housing Wire

In 2023, Yu closed 29 sides, representing $63 million in sales volume. 526 slot nationwide in the 2024 RealTrends Verified rankings for sales volume. ”As As a Bay Area resident for the past 15 years and a personal real estate investor, I understand the neighborhood and property values of the area,” Yu said in a statement.

Agents 448
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Waltz launches streamlined financing option for international homebuyers

Housing Wire

launched on Wednesday to serve international investors in U.S. Investors can partner with a real estate agent , mortgage broker or turnkey provider to locate a property of their choice. bank account is also created to help the investor manage the property remotely, including through fast currency exchange capabilities.

Finance 448
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First American Mortgage Solutions leverages technology to eliminate compliance issues

Housing Wire

First American offers an integrated suite of staff and network appraisal products and services, including standard appraisals, collateral inspection services and hybrid valuations through First American Mortgage Solutions’ Appraisal Management Company (AMC) and the First American Staff Appraiser Company.

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ICE unveils two new property valuation solutions

Housing Wire

Valuation Selector helps lenders and investors identify the most suitable valuation method (AVM, AVM with inspection, desktop exterior, desktop interior or full appraisal) for a property, depending on its complexity.