Blog Investors Market Value Renovations 
Housing Wire
OCTOBER 17, 2023
Even the Consumer Financial Protection Bureau (CFPB) has weighed in, with a January 2023 blog post titled “For many struggling mortgage borrowers with home equity, selling their home could be an alternative to foreclosure.” But she noted that not all investors operate this way.
Cleveland Appraisal Blog
NOVEMBER 11, 2021
One big one is their Zestimate’s inaccuracy at predicting market value, and more specifically, they were relying on their own Zestimates to make important decisions like buying & selling homes. However, I believe that they’ve put too much value in their “values” Valuation is not their expertise.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Cleveland Appraisal Blog
AUGUST 11, 2022
For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Going for an as-is home sale eliminates the need for a lengthy renovation process. Moreover, buyers sometimes prefer to renovate the home according to their taste.
Cleveland Appraisal Blog
JUNE 25, 2021
What is the primary reason a newly built home has a higher market value than the same home that is older? Simply stated, it is loss in value. Physical depreciation is the most common cause of loss of value. Even if they are completely renovated, they are still not considered to be new. In a word, depreciation.
Simonson Real Estate
DECEMBER 6, 2022
In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.
McKissock
OCTOBER 12, 2021
At some point it’s no longer “normal market value minus cost to cure equals as-is value.” So is the right price to pay $150,000 (market value after renovations) – $90,000 (estimated cost to cure) = $60,000? Where’s the incentive for the investor? ” Case in point. .”
Berkshire Hathaway
AUGUST 30, 2022
Are you looking for a move-in ready rental property or are you willing to consider a home that requires renovations? Besides the purchasing price, your budget should also include other costs such as renovations, structural and environmental assessments, downtime during transitions, legal fees, realty commissions, taxes, and contingencies.
Expert insights. Personalized for you.
373 
Let's personalize your content