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Search resuls for: "Appraisers"


13 mentions found


☆ Trump lawyers complain there's so much evidence against Trump Org that they don't have time to review it
  + stars: | 2023-03-06 | by ( Laura Italiano | ) www.businessinsider.com   time to read: +3 min
The NY attorney general's Trump Org fraud case is huge, the defense says in seeking a trial delay. The heftiness of Attorney General Letitia James' evidence was described by the defense in a recent court filing. The evidence filled four computer hard drives that the attorney general turned over to the defense in December. She is seeking to bar Donald Trump, Donald Trump Jr., Ivanka Trump, and Eric Trump from selling, buying, borrowing against or collecting rent from any property in the state. Trump's legal team has maintained that the attorney general is waging a politically-motivated "witch hunt" against him and his company.
☆ Luxury developers in Los Angeles bet someone will pay record prices for these condos
  + stars: | 2023-01-31 | by ( Ray Parisi | ) www.cnbc.com   time to read: +11 min
According to the building's website, the crown-jewel residence delivers almost 13,000 sq ft of indoor living area and nearly 6,000 sq ft of outdoor space. According to Eklund, the package deal brings the total interior footage to somewhere around 13,000 sq ft with an additional 6,000 sq ft outside. Building amenities include an over 12,000 sq ft outdoor area with pool, fireplaces and dining area. Her mega-deal spanned 15,500 sq ft at a price per sq ft of almost $2,250. On Central Park, he said, trophy condos have surpassed $10,000 and even $12,000 a sq ft. "That happens a lot, so is Los Angeles undervalued still?
☆ People buying homes on Florida's flood-prone coasts will likely have trouble selling in the future, Redfin CEO said
  + stars: | 2023-01-10 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +5 min
Climate change is spurring tropical storms in Florida, putting coastal cities at more risk for flooding. Glenn Kelman, Redfin's CEO, said homeowners in flood zones will have trouble selling to regular buyers. Glenn Kelman, the CEO of real estate brokerage Redfin, said it's a problem that is likely to escalate as climate change ramps up. According to Kelman, investors are stepping in because they are the only ones that have the cash and can "withstand the risk posed by climate change." "I visited the Tampa Bay area right after Hurricane Ian hit just to check on the welfare of our own employees.
☆ Sales of Manhattan apartments nosedived at the end of 2022
  + stars: | 2023-01-04 | by ( Anna Bahney | ) edition.cnn.com   time to read: +3 min
But it nosedived at the end of 2022, with the market returning to its pre-pandemic trajectory as sales dropped and prices slipped. Sales dropped 28.5% in the fourth quarter compared to the fourth quarter of 2021. “The Manhattan sales market is exiting the euphoric market of 2021 and moving to something closer to normal,” said Jonathan Miller, president and CEO of Miller Samuel. As a result, there were 6,523 listings in Manhattan at the end of the fourth quarter. That’s 5% higher than the fourth quarter of 2021, but 15.7% less than the third quarter of 2022.
☆ The most honest man in real estate thinks the housing market isn't going to crash
  + stars: | 2022-12-31 | by ( Kelsey Neubauer | ) www.businessinsider.com   time to read: +13 min
Here's how Miller, who doesn't think the housing market is going to crash, became a beacon of trust. The call was from a journalist at an international paper asking for Miller's comment on the US housing market for a story. The 62-year-old founder of the real-estate-appraisal and data firm Miller Samuel is probably the most-quoted man in real estate, with some 2,469 news citations, according to the database LexisNexis. Today, Miller Samuel has replaced Scantrons with iPods, iPhones, and a CoreLogic appraisal software called A La Mode. Today, there's much more data than there was when he started Miller Samuel, but also a lot more "crap," Miller said.
☆ Inside the largest mansion for sale in Malibu, going for $58.8 million
  + stars: | 2022-12-19 | by ( Ray Parisi | ) www.cnbc.com   time to read: +7 min
watch nowThis $58,808,000 mansion overlooking the Pacific Ocean is one of the largest homes for sale in Malibu. The hot neighborhood's top sale closed in October commanding just over $2,500 per square foot, according to public records, way above average for Malibu. After completing the Kaizen House, he listed it in March for $74.8 million — or more than $4,500 a square foot. Here's a look around the $58.8 million Kaizen House:The home's dramatic entrance delivers fire, water, and intricately carved Belgian bluestone walls Simon BerlynHalliday infused the mansion with Indonesian influences that are evident even before stepping inside. Simon BerlynPrimary suite Simon BerlynThe home's upper level includes six ensuite bedrooms, each with its own terrace.
☆ Black family receives a home appraisal $259k higher than original after asking a white neighbor to present it for them, report says
  + stars: | 2022-11-19 | by ( Joshua Zitser | ) www.businessinsider.com   time to read: +5 min
They asked a white neighbor to present it to appraisers and "whitewashed" their home, King 5 reported. The second appraisal, presented by a white woman, came in at $259k higher than the original. The Clark family said they bought their home in Seattle's Columbia City neighborhood for a little under $1m four years ago. Since then, they told King 5 they renovated it by updating the kitchen and a bathroom and adding an extra bathroom. The second appraisal came in at $259,000 higher than the original.
☆ Discrimination against Black homeowners in the appraisal process: How to recognize it and what to do about it
  + stars: | 2022-11-04 | by ( Molly Grace | Mortgage Reporter | Read More | ) www.businessinsider.com   time to read: +7 min
Delaware-based realtor Claryssa McEnany was helping a client sell a home earlier this year when she witnessed a blatant example of appraisal bias. How appraisal bias affects Black homeownersTesting done by fair housing groups have shown that McEnany's experience isn't uncommon, and that the impacts of appraisal bias can be costly. How does appraisal bias happen? But creating an appraisal report isn't an exact science. What to do if you think you've experienced appraisal discriminationIf you think you've experienced discrimination in the appraisal process, your first step should be to look at the appraisal report.
☆ Homes in White neighborhoods are being appraised at higher values than in communities of color, new report finds
  + stars: | 2022-11-03 | by ( Nicquel Terry Ellis | ) edition.cnn.com   time to read: +3 min
CNN —Homes in predominately White neighborhoods are being assessed at twice the value of homes in communities of color with comparable amenities, according to a new report released Wednesday. Some families also had White friends stand in for them during the appraisal to get a higher value. The report, titled “Appraised: The Persistent Evaluation of White Neighborhoods as More Valuable Than Communities of Color,” notes that the racial inequities were exacerbated by the Covid-19 pandemic, which resulted in an unprecedented rise in home values. “Home value inequalities are the result of appraisal practices that elevate White spaces as the most valuable. Howell said the method being used by appraisers gives them the authority to determine a home’s value and what they consider a comparable neighborhood.
☆ I was laid off from appraisal-tech firm Clear Capital. The culture became cold and impersonal, and I don't miss it.
  + stars: | 2022-10-29 | by ( Robert Davis | ) www.businessinsider.com   time to read: +10 min
Jason Doly/Getty ImagesAppraisal-tech firm Clear Capital laid off 27% of its staff, or about 378 people, on October 14. This as-told-to essay is based on a conversation with a Clear Capital employee who was laid off during cuts that the appraisal-tech startup announced on October 14. But the way the company laid us off was cold and impersonal. Clear Capital used to try to stand out with its company culture, but that culture has been in decline for some time. How companies like Clear Capital operateAs a small appraisal company, Clear Capital hired internal appraisers primarily for quality-assurance tasks like reviewing appraisal reports.
☆ Donald Trump will fight hard against Letitia James' lawsuit. Ex-AG insiders say these are his top 5 defenses.
  + stars: | 2022-09-24 | by ( Laura Italiano | ) www.businessinsider.com   time to read: +9 min
Donald Trump has 5 ways to fight Letitia James' lawsuit, ex-NY AG prosecutors told Insider. James filed a 220-page lawsuit against Trump, his family, and the Trump Organization on Wednesday. Trump Defense No. Still, the judge must at least weigh any "I just signed what they gave me" defense, Morian said. "There's a yawning silence" from the banks Trump allegedly tricked into lending to him, he noted.
☆ What's next now that Letitia James has sued Donald Trump? A slow-motion, 'eye-glazing' battle of lawyers, experts
  + stars: | 2022-09-21 | by ( Laura Italiano | ) www.businessinsider.com   time to read: +9 min
NY AG Letitia James sued Donald Trump, his three eldest kids, and Trump Organization on Wednesday. "This is going to be an eye-glazing battle" of experts and lawyers, before the lawsuit even goes to trial, one ex-prosecutor, Armen Morian, said of what's to come. He prosecuted the New York AG's case against Hank Greenberg, the one-time CEO of insurance giant AIG. That's the Manhattan judge who repeatedly ruled against Trump in the two-year lead-in to the AG's lawsuit. "She will pay for bringing such an aggressive, gargantuan, and unwieldy case," Morian predicted, "assuring that this case will move at a snail's pace, to the defendants' advantage."
☆ How to invest in real estate when you're cash-strapped: An investor who owns 207 cash-flowing rental properties explains how he got started with $5,000 and the 5 things every beginner needs to know in
  + stars: | 2022-01-11 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +5 min
Matthew Tortoriello began investing in real estate in 2008 and used his first property to scale. He's co-owned more than 542 rental units, 207 of which are cash flowing, property records viewed by Insider show. "We then basically got the $15,000 back plus an extra $30,000 tax-free because it's actually a loan to the property," Tortoriello said. If you're using a hard-money loan, you'll want to keep the rehab period as short as possible, because the terms are usually tied to high-interest rates. An appraiser can even give you insight into which upgrades could increase your property value the most.
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