Appraisal Today

SEPTEMBER 22, 2023

I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today. To me, the big issue is who is doing the inspections. Only appraisers do the appraisals. For example, I’m appraising a Victorian built before 1910. Inspection training was very good. Read the full report.

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Appraisal Training Inspection Real Estate 86

Realtor

DECEMBER 4, 2019

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? An appraiser’s job is to determine the current value of a property for the potential buyer. Note any health or safety code violations for the appraisal report.

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Birmingham Appraisal

JUNE 21, 2023

Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals. In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for real estate agents to navigate the appraisal process effectively.

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Real Estate Agent Real Estate Agents Appraisal 79

McKissock

JANUARY 31, 2023

” “The amount of knowledge, continued education and diligence it truly takes to provide an excellent work product for the property appraisal.” ” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.” ” “How value is derived.”

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Real Estate Agent Real Estate Agents Appraisal 97

Birmingham Appraisal

FEBRUARY 28, 2023

These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price. In this blog post, I will discuss some of the most common mistakes sellers should avoid during a real estate appraisal.

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Sellers Real Estate Appraisal Appraisal Process 82

Mashvisor

SEPTEMBER 30, 2021

These conditions in the contract specify when a buyer can back out without penalty. Thus property sellers… Contingencies are commonplace in real estate transactions, but they could derail a sale.

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Sellers Contracts Real Estate Buyers 74

AmeriMac

JANUARY 3, 2022

Note that this is an entirely separate process from something like a home inspection. The easy way to think of it is that an appraisal is entirely focused on determining the true value of a home. A home inspection, on the other hand, is all about the functional quality of the home. What Is an Appraisal Contingency?

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Appraisal Buyers Sellers Contracts 36

AmeriMac

JANUARY 3, 2022

Note that this is an entirely separate process from something like a home inspection. The easy way to think of it is that an appraisal is entirely focused on determining the true value of a home. A home inspection, on the other hand, is all about the functional quality of the home. What Is an Appraisal Contingency?

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Appraisal Buyers Sellers Contracts 36

Realtor

MAY 18, 2018

They may no longer be required to get formal property appraisals—a change that could save them hundreds of dollars and speed up the closing process. A little-known change in requirements last year from mortgage giants Fannie Mae and Freddie Mac has made these waivers for traditional, in-person appraisals available.

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Appraisal Inspection Buyers Valuation 78

Realtor

MAY 18, 2018

They may no longer be required to get formal property appraisals—a change that could save them hundreds of dollars and speed up the closing process. A little-known change in requirements last year from mortgage giants Fannie Mae and Freddie Mac has made these waivers for traditional, in-person appraisals available.

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Appraisal Inspection Buyers Valuation 78

Appraisal Today

JANUARY 20, 2023

Arouse the suspicion of an entire neighborhood when inspecting comparable sales. 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. ’ Home sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter.

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Appraisal Contracts Sellers Business 52

Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes.

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Realtors Appraisal Market Value Real Estate Agent 80

The Robert Weiler Company

OCTOBER 21, 2022

We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser. Question 1: What is a commercial real estate appraisal? Question 5: Why are commercial property appraisals important?

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Real Estate Appraisal Property Appraisal Valuation 60

Zillow

JULY 25, 2016

You've made an offer on a property, the seller has accepted, and maybe you’re about to sign a contract. The amount of money a buyer puts down (and when it’s put down) varies by state and local market. Once deposited, this money can't be moved or touched without written consent from both buyer and seller.

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Appraisal Today

NOVEMBER 17, 2023

4 Myths About Property Data Collection By McKissock Excerpts: Myth #1: PDC is the same thing as property appraisal As a professional appraiser, you know very well that what a property data collector does is not the same as what you do — even if your clients don’t always understand the difference. percent from 7.58

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Appraisal Modernization Training Business 69

The Robert Weiler Company

OCTOBER 15, 2021

Having a keen sense of these factors off the bat helps property or land buyers determine the predicted economic atmosphere within the coming years. For first time buyers, hiring a property manager is recommended. It takes work in the beginning to find the right person to manage your commercial investment property.

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Clear Capital

JANUARY 5, 2023

As a first-time buyer, unless you are among the 6% who purchase their homes entirely with cash , you are likely financing the transaction and your mortgage lender will require an appraisal. The potential for appraisal bias in home valuation has recently garnered public attention and regulatory scrutiny. . Nuanced reality.

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Appraisal Modernization Valuation Appraisal Process 69

The Robert Weiler Company

NOVEMBER 9, 2022

If you like the state of the infrastructure, take the next step in your commercial property search by turning your attention to the area’s lifestyle attractions. These are all important issues that will surely contribute to the property’s overall quality and desirability. Many buyers and renters worry about flood risk in today’s world.

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Transportation Real Estate Supply Chain Investing 78

Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” No inspections or appraisals? All cash and investors.

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Appraisal Contracts Real Estate Mortgage 52

PennyMac

JUNE 28, 2022

At the most basic level, your closing costs are any costs or fees that go over the price for the property you’re purchasing. More specifically, closing costs are fees that you (as the buyer) will pay to third parties who have performed services for purchasing your home. Closing costs can apply to both the buyer and seller.

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Appraisal Today

DECEMBER 2, 2022

Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. There are also agents/brokers who are licensed appraisers and do both.

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Appraisal Today

APRIL 14, 2023

Appraising Fixer Uppers Excerpts: We’re all familiar with the term “fixer-upper.” For many different reasons, properties can come on the market in less-than-par condition. The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. Or desktop appraisals and inspection only.

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Appraisal Bracketing Contracts Valuation 52

Appraisal Today

APRIL 28, 2023

First: How do appraisers value any amenity of a property? Appraisal 101 would suggest the matched pairs analysis. So our first task is to find a property with solar panels that’s similar to the subject. You can always do desktops and inspections for low fees and fast turn times, of course. percent from 0.5

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Appraisal Real Estate Business Contracts 52