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What’s The Leaven Causing Home Prices to Rise Today?

Cleveland Appraisal Blog

THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008. On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. I kid you not! Housing Bubble-Icious.

Inventory 243
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How to support credible valuations for shared equity programs

Clear Capital

Inclusionary Housing : Typically administered by housing authorities or municipalities, inclusionary housing policies require for-profit developers to create a percentage of units sold below market value. The contract will also likely reference a second document, either a deed restriction or a ground lease.

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The Difference Between Pricing a Property and Appraising It

Cleveland Appraisal Blog

They had to pay twice to have their property valued. Because in both instances, they first had their homes valued by real estate agents, not appraisers. The Sales Comparison Approach uses competing homes to develop an opinion of the market value of the property being appraised. That’s right!

Appraisal 306
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Non-Arms Length Sales for Appraisers

Appraisal Today

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property.

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Purchasing & Developing Land - Part 5 - Reselling It - Raw or Developed

Eppraisal

By contrast, a homebuilder acquires raw land to build on and sell when home values are high. How to Market Raw Land For those who see a profit in selling raw land to developers or other interested parties, getting the most money for the lot is attained through optimal marketing. A good lawyer will see them coming.

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What is the Role of Market Trends in a Real Estate Appraisal?

Birmingham Appraisal

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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Using Equity To Buy A Second Home

D Fritz Appraisals

What Is Home Equity? Home equity is a homeowner’s financial stake in their property. It represents the difference between what they owe on their home and its current market value. Using equity to buy a second home can be attractive for those looking for additional real estate investments.