Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. A real estate appraisal is a process of determining the market value of a property.

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Birmingham Appraisal

JUNE 21, 2023

Helping Agents Understand Appraisal Factors That Impact Home Sales In the world of real estate, accurate property valuation plays an important role in the home buying and selling process. Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions.

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Birmingham Appraisal

FEBRUARY 20, 2024

It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what. The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible.

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McKissock

JULY 27, 2021

Many survey respondents emphasized the importance of making sure your work is as detailed and well-supported as possible—by means of careful comparable selection and analysis, thorough documentation, and clear explanation of why the available comps do not support the contract price. ” “Market analysis and illustrations.”

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Birmingham Appraisal

SEPTEMBER 15, 2022

If the bank uses a waiver it is still a good idea for the borrower to obtain an appraisal of their own to make sure that they are not paying more than the home is worth. Appraisal vs Home Inspection. As you can see, there are major differences between home appraisals and home inspections and both are very important. Conclusion.

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Realvals

JULY 27, 2022

As a real estate appraiser in California, I often hear this question, and the answer is almost always the same. It’s the client who pays for the home appraisal. Home appraisal process. The home appraisal process will differ depending on what you need the appraisal for. Private Appraisal.

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Cleveland Appraisal Blog

SEPTEMBER 3, 2021

We also use the MLS to analyze the market trends and to make market-based adjustments for things such as changes in sales prices, as well as features of a home that have a major impact on market value, like finished square footage, bedroom, and bathroom count, lot size and so on. Is My Home Appraisal Confidential?

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Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. The contract price and appraisal value will need to line up or the buyer will not be able to get a loan to pay for the property.

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Realtor

DECEMBER 4, 2019

A real estate appraisal can let you know whether the amount being asked is a fair purchase price. Here’s more on the home appraisal process, so you can learn the true value of your future home. What is the job of an appraiser? Who pays for the appraisal?

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Appraisal Today

JANUARY 19, 2024

Appraisers must, therefore, frame their response within the matrix of avoiding any of any and all types of biases, not merely racial biases. In addition, real estate appraisals must rid itself of the language and any practices that suggest bias in the appraisal process. In and of itself, it is not market value.

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Birmingham Appraisal

SEPTEMBER 26, 2023

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? There is a difference. If you liked this post subscribe by email (or RSS feed ).

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D Fritz Appraisals

MARCH 16, 2021

Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property.

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Appraisal Today

MAY 17, 2024

Geographic “Data” Competency refers to an appraiser’s ability to effectively understand, interpret, and utilize geographic data in the appraisal process. In the context of real estate appraisers, it is essential for accurately valuing properties and providing credible appraisal reports. percent from 7.18

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Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. percent, with points remaining at 0.59 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. However, these restrictions may also limit modifications, potentially affecting the property’s market appeal. percent from 6.80

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The Robert Weiler Company

OCTOBER 21, 2022

The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked. Question 6: What is the overall commercial real estate appraisal process?

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The Robert Weiler Company

SEPTEMBER 16, 2021

The question is, how exactly is property value determined? And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. Impacts from the neighborhood, local economy, and marketplace.

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AmeriMac

DECEMBER 15, 2021

It’s important to understand that appraisals are ultimately designed to protect buyers from significantly overpaying for the home in question. Each house had at least two appraisals done roughly six months apart. Part of the discrepancy here comes by way of how the appraisal process works to begin with.

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AmeriMac

DECEMBER 15, 2021

It’s important to understand that appraisals are ultimately designed to protect buyers from significantly overpaying for the home in question. Each house had at least two appraisals done roughly six months apart. Part of the discrepancy here comes by way of how the appraisal process works to begin with.

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AmeriMac

JANUARY 3, 2022

Then, they’ll compare what they’ve learned to everything they know about the current condition of the home in question to come up with fair market value. Note that this is an entirely separate process from something like a home inspection. What Is an Appraisal Contingency?

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AmeriMac

JANUARY 3, 2022

Then, they’ll compare what they’ve learned to everything they know about the current condition of the home in question to come up with fair market value. Note that this is an entirely separate process from something like a home inspection. What Is an Appraisal Contingency?

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Appraisal Today

JANUARY 20, 2023

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. What is happening in your market? You may need to call agents to see the amount of concessions offered and make an adjustment based on its effect on market value.

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Realtor

DECEMBER 15, 2016

But the home appraiser could also report that the home valuation is higher—or lower—and this has ramifications for the whole deal. Below, we walk you through everything you need to know about the crucial appraisal process, and how to handle whatever appraisal results come your way. What appraisers do.

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Realtor

DECEMBER 15, 2016

But the home appraiser could also report that the home valuation is higher—or lower—and this has ramifications for the whole deal. Below, we walk you through everything you need to know about the crucial appraisal process, and how to handle whatever appraisal results come your way. What appraisers do.

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Appraisal Today

OCTOBER 6, 2023

As this property data collector thing moves along, there continues to be no legitimate reason for Fannie Mae’s motivation to push this so hard other than they want the valuation process fully automated and can pay $25 for an untrained inspector to view a home. It shows a fundamental lack of understanding of what appraisers do.

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The Robert Weiler Company

APRIL 20, 2021

As such, our experts at The Robert Weiler Company have put together this business valuation ‘questions and answers’ overview to offer more clarity behind the business appraisal process. They are: (1) the asset-based approach; (2) the earning value approach; and (3) the market value approach.

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Appraisal Today

JANUARY 5, 2024

Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. Streamline my appraisal process (10%) Plus 3 more To read more, Click Here My comments: Interesting stats! Chance to really irritate annoying real estate salespeople.

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Empire Appraisal Group

JULY 1, 2021

“Good appraisers want as much information as they can get,” said Claire Aufrance, an appraiser and broker from Greensboro, N.C., who sits on the North Carolina Appraisal Board and the Appraisal Institute Board of Directors. How Multiple Offers Factor Into the Appraisal Process.

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Listing Spark

MARCH 15, 2022

One of the biggest differences is that the buyer does not get involved in the appraisals. In the case of the refinancing appraisal however, homeowners have the opportunity to participate, so the benefits can be great. What is the home appraisal process like? How to improve your appraised value.

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Appraisal Today

SEPTEMBER 9, 2022

For example, you don’t want your appraisal for the executor being used by a beneficiary down the road to sell the property to someone. So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.” The appraisal should not be used for any other purpose.”

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Aedis Appraisals

JUNE 13, 2017

So, if you happen to be interested in getting a real estate appraisal in Toronto , for instance, feel free to use this article as an introductory guide to understanding the ins and outs of the modern appraisal process. What Is an Appraisal and When Do I Need One? How Does the Process Work?

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Lifestyle Properties of Maine

AUGUST 6, 2019

One of the most nerve wracking parts of a real estate transaction can be the appraisal process for both buyers and sellers. What is an appraisal? Why is an appraisal necessary? What if the home doesn’t appraise for the contract value? Renegotiate the contract. How much does it cost?

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Clear Capital

DECEMBER 21, 2022

Whether it is for the borrower, the seller, or the lender, a detailed and error-free appraisal report positively influences the purchase decision and credibility of the process. Always explain the adjustments with commentary in the appraisal report. In the appraisal world, this is called “Deferred Maintenance.”

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AmeriMac

JULY 25, 2022

Appraisal reviews are usually requested by financial institutions and attorneys who want to get a second opinion on an appraisal report. Appraisal review is an assessment of the appraisal and not the appraiser. For reviewers to do an excellent job, they must at least be on the same skill level as the appraiser.

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Realtor

DECEMBER 4, 2019

A real estate appraisal can let you know whether the amount being asked is a fair purchase price. Here’s more on the home appraisal process, so you can learn the true value of your future home. What is the job of an appraiser? Who pays for the appraisal?

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Clear Capital

SEPTEMBER 29, 2021

It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers. was was sort of the gap there of appraisals coming in low, in comparison. It’s all for the podcast, everything we do. Jeff Allen. Kenon Chen.

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