Lamacchia Realty

MARCH 17, 2023

WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property.

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Market Value Marketing Real Estate Agent Real Estate 74

Housing Wire

JULY 21, 2021

Auction.com buyer and real estate investor Sue McCormick is ahead of the curve when it comes to President Joe Biden’s plan to revitalize underserved neighborhoods while also providing affordable housing for low- and moderate-income homebuyers. “My Markets with Most Qualifying Inventory. of the 2021 estimated market value.

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Real Estate Investors Market Value Home Value 456

National Association of Realtors

AUGUST 1, 2023

The answer to who can set market value involves buyers, sellers—and the very definition of “value.”

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Home Value Market Value Appraisal Sellers 69

D Fritz Appraisals

SEPTEMBER 19, 2019

Home Appraisals and Online Home Value Estimates Are NOT the Same Thing. On-site vs. Online: Proper Home Appraisals Need to be Done in Person. With so many types of transactions solely being handled online these days, it’s tempting to want to complete your required home appraisals entirely online and leave it at that.

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Home Value Appraisal Real Estate Agent Tools 78

Cleveland Appraisal Blog

MAY 13, 2021

There is the owner of the home, who has a view of what they feel their home is worth. Buyers have their view of how much they are willing to pay for a home. Real estate agents have a view of what the home should be listed for, based upon their research and experience. THE BUYER’S VIEW. Not at all!

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Market Value Contracts Appraisal Buyers 298

Hank Miller Team

JANUARY 25, 2022

The discussions surrounding the question of “what’s a home worth” will never end, because there is no standard answer. 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.

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Home Value Market Value Buyers Inventory 52

Eppraisal

JANUARY 12, 2024

A visually appealing exterior creates a positive first impression, making your property more attractive to potential buyers. Exterior Paint Refresh Consider giving your home's exterior a fresh coat of paint. Spring maintenance is not just a routine; it's an investment in your home's future.

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Home Value Inspection Modernization Buyers 36

DW Slater Company

FEBRUARY 23, 2023

So what’s happening in the housing markets here? The past six months have been full of very drastic changes as the rapid mortgage rate increases causing many markets to begin to decline. Some may have a bit of PTSD from the 2008 Housing crash but just know that this is a different market with different factors impacting it.

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Inventory Marketing Supply Chain Appraisal 128

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. Just as different types of leaven can be used to make bread rise, and even change the flavor of the bread, increasing home prices can result from different situations.

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Inventory Market Value Appraisal Contracts 243

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. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.

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Real Estate Appraisal Marketing Market Value 86

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. There are three basic causes of depreciation for homes. An inadequate heat source could be considered a functional issue resulting in a loss of value.

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Market Value Appraisal Marketing Buyers 244

Housing Wire

MARCH 9, 2021

“Significant gains in home values fueled equity gains from 2019 to January 2021 for homeowners of all races,” the press release stated. were used in the report to refer to a person who bought a home in a neighborhood of primarily one race or another in 2019.). By 2021, that number shrank to $24,000.

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Home Value Market Value Brokerage Inventory 468

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). We’ll probably trade a little over $1.2

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Lending Home Value Mortgage Renovations 416

Eppraisal

OCTOBER 31, 2023

Knowing how to price your home correctly isn’t rocket science, but it’s still tricky.    Property Valuation Your home value is the primary determiner of your asking price. Online Home Value Estimation Informal home appraisal tools can give you ballpark estimates of how much your property is worth.

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Marketing Real Estate Agent Real Estate Valuation 69

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Job functions most likely to be impacted include sales, marketing and software engineering. Given that sales and marketing are key areas for real estate agents, generative AI will increase the probability of agents winning listings.

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Real Estate Agent Real Estate Agents Tools 370

Town & Country Residential Appraisals

JANUARY 27, 2020

We’ve seen 1 bedroom homes “fluffed” into 4 bedrooms, and 0 bath homes “fluffed” into 1 bath homes - BY BROKERS?! Most home buyers have encountered a “lying listing” — the house for sale that doesn’t even remotely resemble its colorful description in the Multiple Listing Service or classified ad. With binoculars.

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Home Value Decorating Agents Investors 36

Cornerstone

OCTOBER 26, 2021

This is precisely what we’re seeing in today’s real estate market. Home values are climbing at nearly historic levels. As a result, hurdles related to home appraisals have also started to arise. In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price.

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Sellers Buyers Appraisal Loan Officers 57

Eppraisal

FEBRUARY 7, 2023

Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition. By contrast, a homebuilder acquires raw land to build on and sell when home values are high.

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Development Sellers Legal Home Value 69

Eppraisal

MARCH 5, 2024

In addition to the joy and comfort these changes bring into your daily life, renovations can also significantly increase your home’s market value. You enjoy a beautiful and practical home and, should you decide to sell, these improvements can attract more buyers and command a higher price.

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Renovations Modernization Market Value Buyers 36

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. An appraisal confirms a home’s value.

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Appraisal Appraisal Process Buyers Legal 158

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

Eppraisal

DECEMBER 20, 2022

Whether you are a home buyer or seller, the real estate transaction can sometimes be tricky to navigate. Each step will get you closer to a successful home closing. Part 1 of our next two posts will dissect the real estate transaction from the buyer's perspective. Take time to carefully look at these listings.

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Real Estate Buyers Inspection Real Estate Agent 36

Realtor

AUGUST 7, 2019

Why do appraisals happen late in the home-buying process? Simply put, home appraisals are meant for the buyer’s lender more than any other party. Appraisal value isn’t always the same as market value. So how is market value determined, if not with an appraisal? The final word. The final word?

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Sellers Appraisal Market Value Real Estate Agent 111

Lamacchia Realty

APRIL 10, 2024

How this can Decrease Value : Swimming pools can take up most of the yard space and can be expensive to maintain. A property’s value can be negatively affected if the pool is in need of a lot of repairs. For those kinds of buyers, this does add value to the property.

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Law Buyers Renovations Decorating 68

Lamacchia Realty

FEBRUARY 21, 2023

“The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. What exactly is a Zestimate?

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Real Estate Agent Real Estate Sellers Realtors 73

East Coast Appraisal

FEBRUARY 28, 2022

If you plan to refinance or sell your home, you should first determine its fair market value. Then, property appraisals are an opportunity for an appraiser to check your home's quality, condition, amenities, location, and other special features that affect its value.

Appraisal 52

Appraisal Renovations Home Value Construction 52

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. An appraisal confirms a home’s value.

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

DataMaster

APRIL 6, 2021

Because of that, he didn’t understand why his home didn’t appraise for higher than his neighbors’ homes. The market was hot and homes were selling for $10 to $20 thousand more than the asking price. Home values were skyrocketing and rising weekly. An appraisal confirms a home’s value.

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

AmeriMac

JANUARY 30, 2024

Moreover, the reverse mortgage appraisal report, reflecting the current home value, significantly aids in the loan application process. The homeowner’s current location also impacts eligibility, as the estimated home value for the reverse mortgage is calculated based on the location.

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Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

Realtor

AUGUST 7, 2019

Why do appraisals happen late in the home-buying process? Simply put, home appraisals are meant for the buyer’s lender more than any other party. Appraisal value isn’t always the same as market value. So how is market value determined, if not with an appraisal? The final word. The final word?

Sellers 78

Sellers Appraisal Market Value Real Estate Agent 78

East Coast Appraisal

MARCH 16, 2023

A home appraisal is one of the best ways to determine a property's market value. Fortunately, you can take several steps to improve your home's appraisal. A higher appraisal value means you can sell your home for a higher price, which can result in a larger profit for you as the seller.

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Appraisal Renovations Home Value Inspection 52

Realtor

MARCH 7, 2023

Additional requirements for direct loans from the USDA Very low-income homebuyers might qualify for a direct loan from the USDA, but applicants should know that these homes must meet extra requirements in addition to those listed above. These loans have no home value limits at all, although they do have income limits.

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Inspection Appraisal Market Value Finance 111

Lamacchia Realty

MARCH 28, 2023

February 2023 connecticut housing report February Highlights As we move further into the year, the Connecticut housing market is showing signs of improvement, although home sales in February are still significantly lower compared to last year. Sellers should list their homes as soon as possible to get the most for their home!

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Sellers Buyers Inventory Real Estate 53

East Coast Appraisal

JUNE 7, 2021

If you're thinking about selling your home, you probably want to know what it's really worth. During an appraisal, your home is inspected and photographed to determine the current market value. If you would like to know more, check out these commonly asked questions about the home appraisal process.

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Appraisal Process Appraisal Home Value Modernization 52

Round Rock Appraisal

MARCH 28, 2015

An appraisal of property serves the benefit of both the seller and the buyer. This not only makes sure the price listing for the property is fair but also to insure the buyer isn’t overpaying. Cash buyers are not looking into financing, but caution is still be practiced. Compare Various Other Homes On The Market.

Buyers 36

Buyers Appraisal Renovations Property Taxes 36

Birmingham Appraisal

AUGUST 30, 2023

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale.

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Appraisal Appraisal Process Renovations Market Value 82

Assurance Financial

NOVEMBER 9, 2021

The real estate market has fluctuated significantly over the past few decades, with a median sales price difference of $195,900 in the last 20 years alone. With these constant housing market shifts, it can be challenging to determine the best time to buy or sell a house. Marketing Strategies. Buyer Expectations.

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Marketing Sellers Buyers Real Estate 36