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Once Upon a Time… A Housing Fairy Tale

Appraisal Buzz

They were able to get others to declare the value as fair, but some valued fair as high as possible. They found liar buyers. Everything worked well so long as “value” equaled price! We have rules, we have standards, and we all know the exact definition of value. Uppraisers” were in demand.

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Move over Fannie, the non-QM loan is in the fast lane

Housing Wire

So far this year, the company has brought seven non-QM private-label deals to market valued at nearly $2.5 That’s up from 54 deals valued at nearly $18 billion for all of 2020 — a year disrupted by the emergence of the pandemic. “We just see tremendous opportunity.”. billion, according to bond-rating reports.

Lending 466
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Several Ways Home Value is Considered

Hank Miller Team

Sure the reflex text book answer is “what a buyer is willing to pay” but that’s hardly the complete picture. A home has a number of “values” and most are not tied to the buyers in the market. Market Value Market value anticipates the “a home should sell for” question. How reliable is it?

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Lenders Not Using AMCs for Appraisals

Appraisal Today

Highest and Best Use vs. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. For purposes of this monograph, please assume the standard Fannie Mae definition (here by reference). These definitions, prima fasciae, are at odds with each other.

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Does the Home You Want To Buy Qualify for a USDA Loan? Here’s How To Tell

Realtor

This is definitely the case if you’re considering a USDA loan from the Department of Agriculture. Though the design, system, and fuel source don’t matter, the unit must provide appropriate temperature control. Operable heating and cooling: The home must have working heating and cooling systems. no frayed or exposed wires).

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Must-Read Tips to Appraise, Buy, and Sell Special Purpose Property [2021]

The Robert Weiler Company

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. A Special Purpose Property Definition. What’s Makes You So Special? What Is It Anyway?

Appraisal 158
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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

FPI's apparent belief that most of the high-end development sold ended up as empty pied-a-terres while wealthy buyers bid up the prices is incorrect. That article came out in 2014 right as the housing market was peaking. The market value of these properties will be based on a "comparable sale-based valuation method."