Contracts Definition Market Value Modernization 
Appraisal Today
JULY 1, 2023
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. percent from 6.73
Appraisal Today
JANUARY 5, 2024
Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M It’s known as the “Modern Montauk Tree House,” the listing notes. 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. Excerpts: 4 Bedrooms, 4.5
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Appraisal Today
FEBRUARY 16, 2024
There were definitely adjustments for homes built by famous, widely known, architects. The date of value can be a legal issue and the appraiser should not be the one accepting responsibility for whether the date of value is correct for whatever the use is (such as an estate tax return). Worth reading. A good summary.
Appraisal Today
MAY 17, 2024
Click here = Appraisals for estates and trusts The most popular non-lender appraisals Topics include: Estate/trust liability advice Use the IRS definition of Fair Market Value What forms to use? Date of value – be sure you use the correct date(s) What information do you have on the condition of the subject?
Appraisal Today
FEBRUARY 9, 2024
to provide a specific definition, which includes: Refrigerators Ranges/ovens Dishwashers Garbage disposals Microwaves Washers and dryers It’s important to note this does not include garage door openers, swimming pool pumps, intercoms, sound systems, and security systems. The average contract interest rate for 5/1 ARMs decreased to 6.14
Appraisal Today
SEPTEMBER 9, 2022
The date of value can be a legal issue and the appraiser should not be the one accepting responsibility for whether the date of value is correct for whatever the use is (such as an estate tax return). Keep the definition of intended users as narrow as possible. So they are paying investment value, not market value.
Listing Spark
MARCH 15, 2022
Check out our home-seller checklist which will guide you through your home sale from pre-listing to contracts and closing. How to improve your appraised value. A fresh coat of paint or some new furniture can go a long way in making your home look more modern and appealing. Love this list? Update your decor. Source: CoreLogic.
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