McKissock

OCTOBER 1, 2022

Both you and the underwriter must independently determine whether there is sufficient information available to develop a reliable opinion of market value for each individual property. Assess the perceived value by buyers. Free guide: Earn More Green with Green Home Appraisals. Dig deep for comparables.

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Appraisal Design Market Value Buyers 85

Boston Appraisal

AUGUST 4, 2020

The sales comparison approach is designed to compare your property, the subject, with three or more similar properties that have recently sold. The grid below allows an appraiser to compare important features such as the land (called the site), the design or style of the home, the age, condition, rooms and size (called the Gross Living Area).

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Appraisal Real Estate Valuation Market Value 148

McKissock

MARCH 22, 2022

You must independently determine whether there is sufficient information available to develop a reliable opinion of market value for each individual property. Assess the perceived value by buyers. Just be sure to state in your report that you found the comps in another competing market. Dig deep for comparables.

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Appraisal Design Appraisal Process Market Value 90

Realvals

JUNE 18, 2023

And third, to prove your property’s worth to potential buyers. They will also analyze local market trends, recent comparable sales, and any unique features your property might have. Armed with this information, you’ll be able to set a competitive price that will attract buyers and maximize the sale.

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Appraisal Property Taxes Real Estate Market Value 145

East Coast Appraisal

OCTOBER 18, 2021

Accurate home appraisals benefit both property buyers and sellers. Appraisals help buyers to get mortgage approval and avoid overpaying for their houses. The sales comparison approach determines the house's value based on the prices of similar houses that others have recently sold in the area. Construction Cost.

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Property Appraisal Appraisal Architecture Construction 52

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. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.

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Appraisal Construction Contracts Architecture 77

Realtor

MARCH 7, 2023

While there is a lot of flexibility in the type of home that may be accepted for a USDA home loan—including condos , townhouses , and new construction —not all homes will qualify. Though the design, system, and fuel source don’t matter, the unit must provide appropriate temperature control. no frayed or exposed wires).

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Inspection Appraisal Market Value Finance 111

Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. A home appraisal determines the fair market value of a home. As a buyer, you're entitled to a copy of your appraisal report promptly and no later than three days before your closing date.

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Appraisal Process Appraisal Construction Sellers 139

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

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Appraisal Real Estate Real Estate Agent Contracts 76

Boston Appraisal

AUGUST 4, 2020

The Sales Comparison Approach The sales comparison approach is designed to compare your property, the subject, with three or more similar properties that have recently sold. The appraiser must add the value of the 552 square feet to make the comparable similar to your property. That is the concept behind the sales comparison approach.

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Appraisal Real Estate Valuation Market Value 78

Empire Appraisal Group

AUGUST 12, 2021

Be ready to explain to home buyers and sellers why there may be conflicting reports on a home’s livable space. Many characteristics affect the appeal, marketability, and value of a property. The cost approach considers the value of the site and the estimated cost to replace the subject dwelling, less depreciation.

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Sellers Appraisal Development Buyers 78

Miller Samuel

MARCH 19, 2019

A large swath of high-end condo market activity of the past five years are non-primary residences which include pieds-a-terres but most are investor purchases that are subsequently rented after the unit closes when construction was completed. That article came out in 2014 right as the housing market was peaking.

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Real Estate Law Development Investors 370

Appraisal Today

SEPTEMBER 15, 2023

The architectural design avoids lines and straight angles to establish the idea of continuous fluidity. At the same time, concrete finishes merge various construction techniques and artisan approaches that give the feeling of carved stones, whose volumes and shapes vary, but always integrated harmoniously in these habitable sculptures.

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Appraisal Real Estate Agent Contracts Real Estate 82

Empire Appraisal Group

FEBRUARY 9, 2023

In response, some local governments are seeking workarounds to help homeowners avoid wholesale reconstruction, but because the regulations are designed to prevent future flooding damage, federal officials seem unlikely to relax the rules. He said the building industry had asked for a 40% multiplier to mirror the rise in construction costs.

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Insurance Law Supply Chain Government 78

Boston Appraisal

JUNE 24, 2019

Green buildings are defined as properties that use renewable energy and efficient building materials in their operation, construction, and design to create positive impacts on human and environmental health. Property owners are often surprised when the time comes to estimate the fair market value of their green building.

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Appraisal Real Estate Market Value Technology 78

Padove Appraisal Service

JANUARY 14, 2018

It is hard to imagine a potential buyer going through a house, with a physical or mental list of all these items. More likely buyers will walk away with a general impression of the house like, “That house has a lot of updates,” or, “That house needs a lot updates.” As you can see, this list could easily reach into the thousands.

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Home Improvement Appraisal Construction Renovations 78

Genworth MI Blog

JUNE 27, 2019

Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property. Market value has some key elements that we must understand. An appraiser’s inspection is comparable to the level of observation conducted by a typical buyer.

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Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property. Market value has some key elements that we must understand. An appraiser’s inspection is comparable to the level of observation conducted by a typical buyer.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

McKissock

SEPTEMBER 10, 2020

“Value in use” is the value of a property assuming a specific use, which may or may not be the property’s highest and best use on the effective date of the appraisal. Special design and configuration of the property aren’t the same as “value-in-use,” an accounting term signifying credit value from cash flows.

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Appraisal Valuation Real Estate Design 54

Appraisal Today

OCTOBER 20, 2023

Designed by the internationally renowned Japanese firm Atelier Bow-Wow, the property unfolds over 60 private, forested acres with the centerpiece – the meticulously designed and thoughtfully crafted residential structure settled into this lush land, bordered by the U.S. The Unique Mountain House in Nevada City, CA listed for $3.3

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Appraisal Design Contracts Inspection 71

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Type of foundation.

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Appraisal Inspection Property Taxes Easement 105

The Robert Weiler Company

OCTOBER 21, 2022

Some go one step further and fulfill strenuous education and experience requirements to become designated members of the Appraisal Institute. The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property.

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Real Estate Appraisal Property Appraisal Valuation 60

The Robert Weiler Company

MAY 18, 2022

Though, keep in mind that commercial real estate doesn’t always sell at market value. What a great selling point to a potential buyer! That said, prospective industrial real estate buyers prefer that the property be usable immediately. But you can estimate your ROI based on comparable property sales.

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Real Estate Tenants Retail Investing 148

AmeriMac

APRIL 30, 2024

A commercial appraisal serves as a basis for negotiations between buyers and sellers, as it provides an objective assessment of a property’s worth. For buyers, it helps in determining a fair price to offer, while sellers can use it to showcase the value of their property.

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Appraisal Appraisal Process Valuation Real Estate 36

The Robert Weiler Company

MARCH 15, 2021

Today, it is in the aforementioned neighborhoods that a special purpose property – buildings designed for one specific use – are being repurposed for new ventures. And, they too, face a variety of challenges unique to their designation. For instance, the property’s layout may be distinctive or it the building’s design one-of-a-kind.

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Appraisal Property Appraisal Real Estate Buyers 158

PennyMac

JANUARY 2, 2024

Equity is the difference between your home's current market value and the amount you owe on your mortgage. A home upgrade that doesn’t fully pay for itself dollar-for-dollar in terms of increased home value may still boost your home’s overall market value, thereby increasing your equity. That’s not always the case.

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Home Improvement Renovations Investing Inspection 36

AmeriMac

MARCH 18, 2021

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. An appraisal is a vital component of the home buying process and is necessary for the lender and buyer. Construction. Local market. Local housing market trends. Size of the home.

Appraisal 36

Appraisal Property Taxes Buyers Sellers 36

AmeriMac

MARCH 18, 2021

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. An appraisal is a vital component of the home buying process and is necessary for the lender and buyer. Construction. Local market. Local housing market trends. Size of the home.

Appraisal 36

Appraisal Property Taxes Buyers Sellers 36

McCarthy Appraisal Blog

NOVEMBER 13, 2018

To come up with the market value of your home, the appraiser will measure the exterior walls to determine square footage of the heated and cooled portions of your home. Comparable means they are similar in age, size, design, construction quality, and amenities. It is important to price the home right from the start.

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Appraisal Real Estate Market Value Design 36

Appraisal Today

FEBRUARY 9, 2024

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” FHA Handbook 4000.1 Nationwide, 31.8%

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Appraisal Contracts Insurance Construction 80

Assurance Financial

APRIL 29, 2021

Loans with an AMI limit are typically designed to help people who would otherwise not qualify for a mortgage to purchase a home. C to P (Construction to Permanent Loan). If you are building your home, you typically need to first take out a construction loan, not a traditional mortgage, to fund the cost of building the house.

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Mortgage HOA Insurance Real Estate Agent 74

Appraisal Today

JANUARY 19, 2024

Stehling designed an open layout with lots of natural light, thanks to walls of windows on all three stories of the atrium, attached to the rest of the home via a platform deck and glass-enclosed walkway. When a property goes under contract, that is an excellent sign of what the buyer and seller conclude the property is worth.

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Appraisal Contracts Real Estate Architecture 73

Appraisal Today

FEBRUARY 16, 2024

This article provides an insight into the appraisal process of historical properties, emphasizing the role of market data, potential buyers, specialized databases, appraisal methods, and the significant impact of preservation restrictions. She designed more than 700 buildings in California during a long and prolific career.

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Appraisal Contracts Training Architecture 80

AmeriMac

MARCH 18, 2021

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. An appraisal is a vital component of the home buying process and is necessary for the lender and buyer. Construction. Local market. Local housing market trends. Size of the home.

Appraisal 28

Appraisal Property Taxes Buyers Sellers 28

Assurance Financial

NOVEMBER 9, 2021

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Marketing Strategies. Buyer Expectations.

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Marketing Sellers Buyers Real Estate 36

Will Springer Realtor

OCTOBER 11, 2022

This is especially true in the tech sector, where stock values have fallen by as much as 60% for Meta (Facebook), with other local employers not fairing much better – Amazon stock down 30% year to date, Microsoft off 27%, Alphabet (Google) 28% lower and Expedia down 48% (through Oct. months (or 40 days) worth of inventory is on the market.

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Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

MARCH 11, 2024

However, in today’s market, the overlooked costs of running a household have taken center stage, demanding attention and strategic planning from homeowners and prospective buyers alike. This return of buyers follows a sluggish late 2023. 5 vote (and ballot count the days after). in Q3 to 53.5% in Q3 to 37.3%).

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Insurance Sellers Real Estate Buyers 36