Housing Wire

APRIL 18, 2023

PunchListUSA , a real estate technology platform digitizing home inspection data, has named Stefan Pampulov as its chief product and data officer. The firm is growing rapidly to offer instant repair estimates and scale through process automation.

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Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? The appraiser inspects the property An appraiser visits the property and conducts a visual inspection of the home’s condition. You’ve found a house for your buyer or a buyer for the home you’re selling. Not necessarily.

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Housing Wire

JUNE 10, 2021

Home improvements and renovations are also important to buyers. A seller concession could include putting money towards the inspection costs, appraisal fees, taxes or another expense. After all, curb appeal is just as attractive to potential buyers as the indoor layout. Naturally, the price a buyer will ask a seller to pay will vary.

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Housing Wire

JUNE 21, 2022

Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses. Instead, we prefer a “certified” pre-owned car that has gone through a multi-point inspection with all of the preventative maintenance up to date. But, who are these investors?

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Housing Wire

NOVEMBER 30, 2023

There are two versions: the standard, which includes structural repairs and requires an approved consultant, and the limited version, which is focused on minor renovation and repair and does not require a consultant. Changes also include increases to the maximum amount for other allowable fees, including for draw inspection, which is $375.

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Housing Wire

OCTOBER 10, 2023

When making pre-listing repairs or renovations, different projects can result in vastly different returns. Remodels are structural renovations that make homes more livable and require more labor, resources, and money to complete than refresh projects.

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Housing Wire

MAY 12, 2021

Still, I’m encouraged to see companies using digital tools and platforms — or creating their own — to take little bites out of a gigantic industry, from streamlining financing and inspections, to centralizing communication, to optimizing budgets and reducing project delays. Creating transparency. Bringing more services under one roof.

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Housing Wire

MAY 11, 2021

For example, a newly renovated home that has a gourmet kitchen and an updated bathroom may be valued more highly than a similar home that possesses only above-average amenities and is in average condition. . Many factors contribute to the process of determining the value of a residential property.

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Housing Wire

FEBRUARY 18, 2022

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 account for upgrades or renovations. ” Amazing, right? What about AVMs?

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Housing Wire

APRIL 27, 2023

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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HomeLight

OCTOBER 15, 2024

If you’re considering a home renovation , you’ve got company. In 2023, 51% of homeowners spent $25,000 or more on home renovations, with most of the renovations done on kitchens, bathrooms, heating and cooling systems, and outdoor security. Renovating? Input Address Who’s on your renovation dream team?

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Housing Wire

DECEMBER 1, 2020

Land Gorilla founder and CEO Sean Faries is relentless in his pursuit of technology innovations that drive efficiency while simultaneously reducing risk in construction and renovation lending.

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HomeLight

FEBRUARY 28, 2022

So, should you renovate your house before selling? If you decided to renovate your house before selling, how do you end up on the winning end? Advantages of Renovating Your Home Before Selling. When you choose the right type of renovation project , your home value can increase and attract more potential buyers.

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Housing Wire

OCTOBER 10, 2023

However, it may be helpful to add short descriptions like “renovated” or “XL terrace” to show unique features of the properties you’ve included in a “Notes” section at the end of your CMA report. Select active listings comps Choose active listings near to the subject property. They are more appropriate for an appraisal.

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Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. Perhaps they don’t receive strong enough offers or struggle to address issues that arise at home inspection.

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HomeLight

SEPTEMBER 1, 2022

Unpermitted additions include any form of remodel or renovation on a home where the owners did not obtain the proper permits from the city’s building department, even though a permit was required to begin work. CPI, a home inspector and structural engineer with the Tampa Bay-based Red Flag Home Inspection, LLC. Let’s dive in.

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Housing Wire

JUNE 7, 2024

Meet the fire department for the smoke inspection. Here are some alternative topics to experiment with: First-time sellers Downsizing Buying and selling at the same time 1031 exchanges – “How to avoid paying capital gains taxes on your investment properties” Renovations with the highest ROI “Love it or list it?”

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Easy Agent Pro

FEBRUARY 22, 2022

Buying fixer homes – How will they pay for the renovations? FHA’s 203(k) program , Fannie Mae’s HomeStyle Renovation Loan and Freddie Mac’s CHOICERenovation loan, for instance, offer one loan to cover the purchase of the home and the renovations required. These might include: Wood destroying pest inspection.

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HomeLight

JULY 13, 2022

To provide you with the most complete information, we talked to the experts: Eugene Lackey , Supervisor of Building Construction Inspections for the City of Cincinnati. Sandro Perez , Building Inspection Superintendent in Pleasant Prairie, Wisconsin. A home on which extensive renovations were done. Let’s get started.

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Lighter Side of Real Estate

APRIL 17, 2024

Brand new homes often aren’t in the budget, or even available in certain areas, which makes finding a totally renovated or updated home in any price range appealing to many buyers. In their defense, most flippers don’t actually live in the houses they renovate, so they may not even know about issues that aren’t obvious to the naked eye.

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Realtor.com

FEBRUARY 11, 2021

Closing costs are used to pay for items such as appraisals, inspections, and much more. Some costs—such as the down payment, closing costs, home inspection and appraisal—are just the price of admission to homeownership. How important is the freedom to renovate? Hammond , a Chase private-client home lending adviser.

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HomeLight

JUNE 21, 2022

But you’ll still have to get over the home inspection hurdle that could reveal issues requiring repairs or cause buyers to renegotiate a lower sales price or even walk away from the deal. While 18% of settlements are delayed, problems encountered during inspections hold up one in ten contracts. What is a home inspection?

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HomeLight

OCTOBER 31, 2024

Other contributing factors include natural disasters, seismic events, or home renovations, like adding floors, which increase the structure’s weight. Permits and inspections: Local regulations may require permits and inspections, adding to the overall expenses. How much does it cost to level a house?

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Realtor.com

NOVEMBER 30, 2020

HGTV Ever wonder what it’d be like to renovate your parents’ house? ” In the Season 4 episode “Buying Mom and Dad’s House,” the brothers help Mike and Ashley renovate Ashley’s parents’ house in Las Vegas. A large island can help define an open floor plan.

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Windemere Buying

APRIL 26, 2023

Familiarize yourself with permitting in your area to understand how to navigate any legal roadblocks in the renovation process and to better assess your timeline for your home improvement projects. Extra consultations, inspections, and appraisals are often required in the loan process, but they help guide the work and resulting home value.

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HomeLight

OCTOBER 31, 2023

For those in Hollywood facing unexpected circumstances or the simple lack of time, expertise, or resources for renovations, a quick cash sale could be the key to swiftly moving on to the next chapter in your life. Schedule a home inspection: The company will typically want a quick assessment.

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HomeLight

NOVEMBER 1, 2021

So here are 10 renovations to tackle — without much hassle — before you list. Painting your interior is a fairly simple renovation to your house, and while buyers could do it once they move in, the project might seem much bigger to them. Perform a pre-inspection and fix any small issues. Source: (Mariah Krafft / Unsplash).

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HomeLight

JANUARY 22, 2024

“One of the biggest reasons is people have money in equity in their home, but they don’t have much money in regards to savings to be able to renovate the property,” says Megel. “So, This oftentimes will have to do with unique circumstances that don’t really lend themselves to renovating a property for sale.

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HomeLight

JANUARY 6, 2022

While 36% of recent buyers who bought homes last year wanted to avoid renovations or problems with electricity or plumbing, a greater number ( 38% ) of those who bought previously owned homes most often considered getting a better overall value. Skip the hassle of arranging contractors and paying for renovations. Request Offer.

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Renovation Investor Inspection Loans 126

HomeLight

APRIL 5, 2023

In many cases, Bean will advise sellers to wait for the home inspection report and the buyer’s requests. That way, you don’t “waste” money on cosmetic changes that may be needed to fix issues discovered by an inspection. Sometimes a major renovation makes sense and sometimes not,” Bean observes. “An

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HomeLight

APRIL 16, 2024

The streamlined process caters to sellers on a tight timeline and often targets properties that require renovations. Schedule a visit: Allow the company to inspect your home. Receive an offer: After the inspection, the company will make an all-cash offer based on the current state of your home.

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HomeLight

AUGUST 11, 2023

You found a buyer for your house, but the home inspection revealed that the roof isn’t up to par. Renovating? In as little as two minutes, HomeLight can provide you with a preliminary estimate of value in preparation of your plans to renovate, remodel, or make repairs. Easy, right?

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HomeLight

DECEMBER 27, 2021

Many renovations provide only 50% (or less) return on investment. Follow a home inspection/appraisal checklist. Some repairs may be necessary in order to pass the home appraisal and/or home inspection. A home inspection is a requirement for many mortgage loans. Sometimes your renovation can go too far.

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The Close

AUGUST 6, 2024

As their agent, you must also know how to protect your clients through the as-is selling process and understand the nuances such as navigating inspections and disclosures. The buyer is expected to shoulder additional renovations and improvement expenses once they become the official homeowners. for your seller clients.

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HomeLight

JANUARY 12, 2022

Next steps include the home inspection, appraisal, and final paperwork. In addition to price, the purchase and sale agreement details other points of negotiation, such as who gets to keep the fridge, the buyer’s inspection period, how much the buyer will put down in earnest money — and your closing date. Title issues: (~11% of delays).

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GeekEstate

SEPTEMBER 20, 2022

Using proprietary inspection software, Inspectify offers custom inspection templates and API access for findings that result in higher quality data, faster SLAs, and lower operating costs in acquisitions.

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HomeLight

APRIL 30, 2021

Don’t turn the power back on until you’ve had an electrician inspect the house to make sure it’s safe. Don’t turn on the HVAC system until it’s been professionally inspected. Have an expert inspect and clean the system and verify that it’s dry, mold-free, and safe to use. Document the damage with photos and videos.

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