Demand for Debt Service Coverage Ratio (DSCR) rental loans is high with the real estate market shifting to more rentals and Short-Term rental investments gaining popularity. Whether you are funding stabilized Long-Term Rentals (LTRs) or highly seasonal Short-Term Rentals (STRs), interest rate volatility, localized shifts in yields, and tighter secondary […]
Demand for Debt Service Coverage Ratio (DSCR) rental loans is high with the real estate market shifting to more rentals and Short-Term rental investments gaining popularity. Whether you are funding stabilized Long-Term Rentals (LTRs) or highly seasonal Short-Term Rentals (STRs), interest rate volatility, localized shifts in yields, and tighter secondary […]
“Time kills deals.” In private lending, this isn’t just a saying; it’s the harsh reality of your P&L. You have the borrower. You have the terms. The capital is ready to deploy. But the file sits stagnant. Why? Because you are waiting on the appraisal. For private and portfolio lenders, […]
As stated in each article in this series, the sales comparison approach is only as good as the comparables used to arrive at the value for the subject property. One of the key aspects of determining the best comps is the use of Highest and Best Use (HBU) principles. In […]
The core foundation of the sales comparison approach to real estate appraisals is the quality of the comparables used and adjustments made to those comparables to arrive at a value for the subject property. In previous articles in this series we discussed two major topics – understanding the characteristic similarity […]
There are many steps in the process of reviewing appraisals and our focus in this series of articles is the comparable analysis step to validate the sales comparison approach. This is the second article which is going to delve into the validation of comparable adjustments. Please check out the earlier […]
The standards of real estate appraisal in the US includes 3 major methods for appraising the value of a real estate property – sales comparison approach, cost approach, and the income approach. Of the three the sales comparison approach is most commonly used for appraisals and is also included in […]
Profet.ai now introduces the concept of a Valuation Workspace workflow that offers a smoother, more efficient experience, allowing users to complete their Appraisal, Desktop or any other Valuation in a fraction of the time. All users will be enabled with the Valuation Workspace, without having to download or make any […]
https://www.youtube.com/watch?v=ZGV3ONKeqlU The GSEs now accept a desktop appraisal for a large number of loans that meet the required lending criteria. One of the requirements for desktop appraisals is to include floor plans that show the interior walls and dimensions. In addition, many traditional appraisals include a sketch of the property […]
We have now introduced Property Reports in Profet to help you quickly obtain a listing sheet containing both MLS and public record data. You can also edit specific fields within the report before producing a PDF output for distribution to your clients. Property Report is an add-on and if you […]