Cleveland Appraisal Blog

AUGUST 11, 2022

In that case, potential buyers will lay down an ‘as-is’ offer, which means they will acquire the home in its current condition. Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer. Buyers may walk away from the purchase.

Renovations 221

Renovations Buyers Appraisal Investing 221

Appraisal Hub

NOVEMBER 30, 2023

Whether you’re considering selling your home, refinancing your mortgage, or simply looking to understand your property’s market value, a professional residential appraisal is the key. employ certified professionals who understand the nuances of the local market.

Appraisal 78

Appraisal Property Taxes Valuation Market Value 78

Lamacchia Realty

JANUARY 4, 2022

BUYERS, DON'T MAKE THESE HOUSE HUNTING MISTAKES! Not Hiring a Buyer’s Agent Some home buyers believe it’s better to work with the listing agent directly hoping they’ll get a better deal than if they hire a buyer’s agent. Listing agents are contractually bound to act in the best interest of their seller, not the buyer.

Buyers 74

Buyers Agents Inventory Sellers 74

Empire Appraisal Group

OCTOBER 5, 2023

A date of death appraisal, also known as a “valuation as of the date of death” is a type of real estate or personal property appraisal that determines the fair market value of assets as of the date a person passed away. This value is essential for tax reporting and compliance.

Appraisal 78

Appraisal Market Value Valuation Law 78

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. We have considered the acquisition of vacant land, financing that purchase; and complying with legal standards.

Development 69

Development Sellers Legal Home Value 69

Berkshire Hathaway

AUGUST 30, 2022

Setting a budget from the onset will allow you to negotiate more effectively since the property seller will understand what exactly you can afford. The asking price is what sellers are looking for, while the purchase price is what the properties are actually sold for. Assess the Seller’s Motivation. Avoid Getting Emotional.

Buyers 49

Buyers Legal Fees Real Estate Renovations 49

Realtor

OCTOBER 29, 2020

When you’re a first-time home buyer approaching the finish line in the journey to your new home, you want nothing to go wrong, right? These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected.

Buyers 78

Buyers Inspection Contracts Real Estate Agent 78

Birmingham Appraisal

JUNE 7, 2023

Their expertise goes beyond helping buyers and sellers determine accurate market value. Determining Asset Values for Financial Reporting Enhancing Financial Accuracy with Appraisals Accurate financial reporting is essential for businesses and individuals alike.

Real Estate 65

Real Estate Appraisal Valuation Legal 65

DataMaster

APRIL 6, 2021

Many people don’t understand home appraisals and how appraisers are legally bound to operate. An appraisal is an unbiased valuation of the fair market value of a home. An important key for buyers to keep in mind, appraisals are for the benefit of the lender, not just for the the buyer! What is an appraisal?

Appraisal 158

Appraisal Appraisal Process Buyers Legal 158

Appraisal Hub

MAY 17, 2023

One day you’re optimistic because you met a seemingly committed buyer at the open house or showing, and the next day you’re frustrated because they changed their mind or didn’t follow through. Mistake #1: Over- or under-pricing If you price your home incorrectly, your home may become less attractive to potential buyers.

Inspection 78

Inspection Property Taxes Real Estate Agent Buyers 78

Birmingham Appraisal

SEPTEMBER 26, 2023

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? For sellers, this can be appealing, as it may justify a higher asking price.

Real Estate Agent 89

Real Estate Agent Real Estate Clients Agents 89

Eppraisal

OCTOBER 23, 2023

The seller can reject your bid, make a counteroffer or accept your original proposal. Your response depends on how the seller replies. If the Seller Rejects Your Offer The seller may deny your home purchase offer for various reasons. Your offer will only become legally binding if the seller signs it.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

McKissock

JULY 6, 2022

In fact, most clients now believe a buyer should be able to identify one of three home options, negotiate a favorable sales price, and close on that property in half an hour just like they do on TV! Sellers and buyers need to have a clear understanding of who can and will have access to the property in question.

Clients 87

Clients Real Estate Contracts Sellers 87

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.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

D Fritz Appraisals

NOVEMBER 16, 2023

A home appraisal is a legal document that determines fair market value for a property. Appraisals are not only important for the house-buying process, but they are also used for financial loans, property tax appeals and some legal processes. What is an Appraisal, and Who Pays for it?

Appraisal 103

Appraisal Appraisal Process Legal Inspection 103

Will Springer Realtor

AUGUST 1, 2023

Short sales were a common sight in the housing recession around 2009 but they have since faded from the headlines as homeowners typically find buyers before facing financial doom. Once an offer is received in a short sale, the seller must review and accept it before it can be submitted to the lender. What is a short sale?

Sellers 36

Sellers Buyers Real Estate Legal 36

DataMaster

APRIL 6, 2021

Many people don’t understand home appraisals and how appraisers are legally bound to operate. An appraisal is an unbiased valuation of the fair market value of a home. An important key for buyers to keep in mind, appraisals are for the benefit of the lender, not just for the the buyer! What is an appraisal?

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

DataMaster

APRIL 6, 2021

Many people don’t understand home appraisals and how appraisers are legally bound to operate. An appraisal is an unbiased valuation of the fair market value of a home. An important key for buyers to keep in mind, appraisals are for the benefit of the lender, not just for the the buyer! What is an appraisal?

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

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.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

Will Springer Realtor

FEBRUARY 1, 2022

Sellers have the option to review offers on their home upon receipt of the bid or in the future, better known as an “offer review date.”. In a hot sellers’ market, establishing a date to examine bids – especially on a popular home in a desired neighborhood – is a common strategy and one that can generate a frenzy among buyers.

Real Estate 36

Real Estate Sellers Buyers Legal 36

Empire Appraisal Group

JULY 1, 2021

Look up the legal description of the property and include a copy of the most recent tax bill, which can show whether the home is in a special tax district, said Maureen Sweeney, a residential real estate appraiser and member of the Illinois Real Estate Appraisal Administration and Disciplinary Board.

Agents 78

Agents Appraisal Real Estate Realtors 78

McKissock

AUGUST 13, 2021

Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion. Attorneys are the professionals who are licensed to analyze and give opinions on the accuracy, appropriateness, adequacy, abnormalities, and legality of contracts.

Contracts 64

Contracts Appraisal Market Value Real Estate 64

Appraisal Hub

JANUARY 11, 2021

Property appraisal services are meant to determine a commercial property’s market value. Think of the property appraiser as a ‘property detective’ who gathers and analyzes statistics, facts, and other crucial information about the property to form opinions on its value. What it’s all about. When it’s necessary.

Real Estate 78

Real Estate Appraisal Property Appraisal Inspection 78

Realtor

DECEMBER 11, 2017

You’ve found a buyer! “If a price that is agreeable to both side can be worked out, and the condition of the house is acceptable to buyer as is, then paying a real estate agent’s commission might not make a lot of sense,” he says. A lawyer can provide clarity if any legal issues arise during the sale of the home.

Real Estate 78

Real Estate Real Estate Agent Legal Agents 78

Realtor

DECEMBER 11, 2017

You’ve found a buyer! “If a price that is agreeable to both side can be worked out, and the condition of the house is acceptable to buyer as is, then paying a real estate agent’s commission might not make a lot of sense,” he says. A lawyer can provide clarity if any legal issues arise during the sale of the home.

Real Estate 78

Real Estate Real Estate Agent Legal Agents 78

The Robert Weiler Company

APRIL 20, 2021

They are: (1) the asset-based approach; (2) the earning value approach; and (3) the market value approach. The key is to apply the optimal approach for each business, based on the business’s capital structure, management, prospective future earnings, and market value. The market value approach.

Valuation 147

Valuation Business Buyers Market Value 147

AmeriMac

JANUARY 3, 2022

Obviously, a seller wants to get the highest possible amount of money for the home they’re about to part with. Then, they’ll compare what they’ve learned to everything they know about the current condition of the home in question to come up with fair market value. Why Are Home Appraisals Important?

Appraisal 36

Appraisal Buyers Sellers Contracts 36

AmeriMac

JANUARY 3, 2022

Obviously, a seller wants to get the highest possible amount of money for the home they’re about to part with. Then, they’ll compare what they’ve learned to everything they know about the current condition of the home in question to come up with fair market value. Why Are Home Appraisals Important?

Appraisal 36

Appraisal Buyers Sellers Contracts 36

The Robert Weiler Company

OCTOBER 21, 2022

The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. You may need a commercial valuation for many reasons.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

AmeriMac

JULY 25, 2022

The seller wants to max out the estimate based on the growing inflation and number of renovations made, while the buyer wants the best deal in the market even as home affordability worsens. A property’s estimate is based on the current market activity, location, size, functionality and the presence or absence of amenities.

Real Estate 36

Real Estate Appraisal Valuation Clients 36

Assurance Financial

DECEMBER 20, 2021

In a traditional home sale, the seller lists the house for a price that will cover the following costs: The mortgage’s remaining costs. After taking care of the above expenses, whatever amount is left over is the seller’s profit. As a result, the seller no longer has that mortgage. Traditional Home Sale.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Portland Appraisal Blog

APRIL 14, 2019

You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. We’ll have to cut price or find another buyer. It’s important to note that we’re in this situation in the first place because we didn’t get a cash buyer. Which is a legal no-no.). What just happened?

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

Zillow

JULY 15, 2019

Buyers market : Market conditions that exist when homes for sale outnumber buyers. Homes sit on the market a long time, and prices drop. Cancellation of escrow : A situation in which a buyer backs out of a home purchase. Capacity : The amount of money a home buyer can afford to borrow.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

PennyMac

JULY 20, 2021

She encourages buyers to make sure that the agent they choose has the necessary experience to guide them through anything they may encounter. Find an agent who really understands the different contracts you need and how to properly fill them out, the legal obligations you’ll run into, and the financial side of the business.

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

AmeriMac

JANUARY 15, 2024

They consider various factors such as the property’s size, condition, location, and comparable sales data to determine its market value. The home appraisal process involves a thorough inspection of the property, analysis of market conditions, and the creation of a comprehensive appraisal report.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

PennyMac

JUNE 28, 2022

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. Most of the fees involved in closing costs apply primarily to the buyer, so usually the buyer pays most of the closing costs.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Lamacchia Realty

MAY 6, 2024

Legal Know-how for Rentals : Ensure you’re current with local regulations if you rent your property. In addition, the influence of local community features on property values can’t be overstated. Living near popular attractions can raise your home’s market value , making it a profitable asset if you decide to sell.

Logistics 53

Logistics Realty Transportation Property Taxes 53