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6 Tips to Winning Bidding War

September 8, 2020

Having to compete in a multiple-offer situation on every offer has forced agents to come up with every possible way to make their buyers’ offer the most attractive to the seller. Of course, all of these options are predicated upon the comfort level of the client. One or all of these options could be appropriate, depending […]

Filed Under: CVAR Connect, Pro Tips Tagged With: appraisal, As Is, bidding war, cvarconnect, down payment, escalation clause, inspection, multiple offer

Buyers Waiving Contingencies

August 3, 2020

The pandemic and high unemployment rate haven’t slowed the housing market. With homebuyers facing heightened competition this summer for a limited number of homes for sale, some have decided to try to gain an edge by waiving contingencies to make their offers more competitive. In June, Redfin reports that nearly 20% of successful offers submitted […]

Filed Under: CVAR Connect, Industry News Tagged With: appraisal, contingency, homebuyers, Housing market, inspection, Pandemic, unemployment, waive

No Appraisal Required for Certain Homes

September 30, 2019

Certain home sales of $400,000 or less will not need an appraisal since federal regulators approved a proposal to increase the threshold at which residential home sales require an appraisal. Last November, the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve released a proposal that would increase […]

Filed Under: At A Glance, Government Affairs Tagged With: appraisal, appraiser, consumer groups, Department of Housing and Urban Development, Fannie Mae, Federal regulators, FHA, Freddie Mac, HousingWire, HUD, Veterans Affairs

Appraisers React to Decision

April 16, 2018

NAR and the Appraiser Qualification Board have reported a “fix” for the appraiser shortage. But veteran appraisers are indicating that it ignores issues with Appraisal Management Companies, that appraisers say are partly to blame for the dwindling supply. “At a time when the average age of today’s residential appraiser is in the late 50s and […]

Filed Under: At A Glance, Government Affairs, Industry News, Pro Tips Tagged With: AMC, appraisal, appraiser, Appraiser Management, Appraiser Qualifications Board, Housing, qualifications

California Owners Get Real About Home Values

January 22, 2018

 The gap between homeowners’ and appraisers’ perceptions on the value of properties is continuing to close. While Southern California homeowners are slightly underestimating their home’s value, homeowners, in general, still tend to slightly overestimate the price of their home–but not by nearly as much as they did a year ago. Home appraisals were, on average, […]

Filed Under: At A Glance, California News, Government Affairs, Industry News, Pro Tips Tagged With: appraisal, appraiser, California, home value, homeowner, Quicken, realtormag.com

July 31 – CVAR At A Glance

July 31, 2017

Featured Classes and Events Aug. 3 | Citrus Valley Caravan – Flipping 101 Aug. 3 | CVAR Commercial Forum – Free! Aug. 3-29 | Free zipForm Webinars Aug. 7 | CRMLS Training – Free! Aug. 9 | New Member Orientation Aug. 11 | zipForm® Mobile Aug. 11 | zipForm® Mobile Live Stream – CVAR West […]

Filed Under: At A Glance, California News, CVAR News, Education & Events, Government Affairs, Industry News, Pro Tips Tagged With: appraisal, C.A.R. Expo, CVAR, cvar.net, cvarconnect.com, cyber crime, Cyberscam, FBI, July Cities Report, Michael Sohn, social media

March 27 CVAR At A Glance

March 27, 2017

Featured Classes and Events March 27 | Notary Masters March 30 | Real Estate REVive April 3 | CRMLS Training April 4 | Rev Up w/ Reverse Mtg April 5 | RLA/BRE Contracts – East April 5 | REALTOR® Safety April 6 | MLS Forum – Free  Ready for REvive? In the spotlight at the […]

Filed Under: At A Glance, California News, CVAR News, Education & Events, Government Affairs, Industry News, Pro Tips Tagged With: appraisal, appraisers, bogus email, Clean Water Rule, cvar.net, cvarconnect.com, newswire, REvive!, taxes, Trump

Closing Delays On the Rise

December 27, 2016

Closing times are lengthening. The time-to-close averaged 40.5 days from November 2015 to November 2016 compared to 36.7 days the year before, according to data from the National Association of REALTORS®. NAR called the longer times in closing “unexpected” in a recent blog post. NAR began tracking closing delays following the implementation in 2015 of […]

Filed Under: At A Glance, CVAR News, Industry News Tagged With: appraisal, Closing times, delays, disclosure rule, escrow, financing, home inspection, mortgage, NAR

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