Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? That’s the real reason why—because USPAP says so. ” To read the document (Partner Playbook), plus links to more extensive information, click here. Answers a lot of appraiser questions. Timeline 2023-2024.

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Contracts Appraisal HOA Architecture 52

Cleveland Appraisal Blog

AUGUST 20, 2021

That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. If someone wants to use this method for pricing a home, there is one piece of information that is incredibly important to get right. Information in public records is usually free.

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Appraisal Market Value Contracts Agents 418

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins.

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Housing Market Marketing Reconsideration of Value Contracts 367

Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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Agents Appraisal Real Estate Agent Bracketing 89

Will Springer Realtor

OCTOBER 19, 2021

About 13% of appraisals came in below the contract price this August, the most-recent available data, according to housing-research firm CoreLogic. housing market is 7% of all mutually accepted contracts. Discuss price with your agent before listing. He/she has access to the same house keys as real estate agents.).

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Contracts Appraisal Sellers Real Estate Agent 41

Appraisal Today

APRIL 26, 2024

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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Appraisal Real Estate Real Estate Agent Contracts 76

Cleveland Appraisal Blog

AUGUST 20, 2021

That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. If someone wants to use this method for pricing a home, there is one piece of information that is incredibly important to get right. Information in public records is usually free.

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Appraisal Market Value Contracts Agents 263

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

We also use the MLS to analyze the market trends and to make market-based adjustments for things such as changes in sales prices, as well as features of a home that have a major impact on market value, like finished square footage, bedroom, and bathroom count, lot size and so on. NO BLANK FIELDS. ACCURATE DATA.

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Agents Appraisal Renovations Development 374

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? They are, after all, real transactions that have taken place within the market.

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Real Estate Agent Real Estate Clients Agents 89

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. Their information also depends on what is available to them.

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Real Estate Agent Real Estate Sellers Realtors 73

Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes.

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Realtors Appraisal Market Value Real Estate Agent 80

Appraisal Today

SEPTEMBER 15, 2023

Appraisers are less likely this year to cite expanding regulations/interpretations of regulations, lender requirements, pressure from real estate agents/brokers, and liability concerns. From Dave Towne: Over the years, many appraisers have reported being blacklisted by real estate agents and even mortgage brokers.

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Appraisal Real Estate Agent Contracts Real Estate 82

McKissock

JULY 6, 2022

Real estate transactions are similar to putting together a jigsaw puzzle. One of the main responsibilities of a real estate agent is to effectively organize all the competing interests of a transaction (or pieces of the jigsaw puzzle). They should be educated on loan costs, contract fees, inspection expenses, etc.

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Clients Real Estate Contracts Sellers 87

Raleigh Realty

AUGUST 27, 2021

How Do I Know If My Real Estate Agent Is The Right Fit For Me? Much like buying a home, choosing a real estate agent is not something that should be taken lightly. So what are some of the ways you can go about finding a real estate agent?

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Real Estate Agent HOA Real Estate Agents 78

Cleveland Appraisal Blog

AUGUST 11, 2022

Talking to your real estate agent or appraiser is also helpful to get a professional’s point of view. The type and range of information you have to provide in the seller’s property disclosure will, of course, depend on the legal regulations of the state where you have the property.

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Renovations Buyers Appraisal Investing 221

D Fritz Appraisals

FEBRUARY 22, 2023

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. We have provided reliable real estate lending, sales, and appraisals for four decades in Victoria, BC.

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Real Estate Investing Appraisal Market Value 124

Birmingham Appraisal

SEPTEMBER 15, 2022

I would like to do my part by informing and educating you on the appraisal part of the transaction. Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. Appraisal vs Home Inspection.

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Appraisal Inspection Appraisal Process Real Estate Agent 93

Appraisal Today

JANUARY 19, 2024

According to The Decision Lab, anchoring bias is nothing more than a “…cognitive bias that causes us to rely too heavily on the first piece of information we are given about a topic.” An example of this in real estate appraisal is the purchase and sale contract. In and of itself, it is not market value.

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Appraisal Contracts Real Estate Architecture 73

Realvals

JULY 27, 2022

The appraiser will reach out to schedule the inspection with the real estate agents, who will facilitate the inspection on the seller’s behalf. . The appraiser will then take the inspection information back to their office and use it to write the appraisal report. . Private Appraisal.

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Appraisal Inspection Real Estate Buyers 78

D Fritz Appraisals

MARCH 16, 2021

Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property.

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Appraisal HOA Easement Valuation 126

Rowe Appraisal Group

MAY 6, 2020

This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. Some of you may even had multiple offers with most of them were even above the appraised value. Why should an appraiser want to know this information? Absolutely they are!

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Realtors Appraisal Contracts Real Estate Agent 36

Rowe Appraisal Group

MAY 6, 2020

This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. Some of you may even had multiple offers with most of them were even above the appraised value. Why should an appraiser want to know this information? Absolutely they are!

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Realtors Appraisal Contracts Real Estate Agent 36

Appraisal Today

OCTOBER 20, 2023

I have redacted the areas that could reveal sensitive information. Fannie Update on Manufactured Housing Data Plate Currently, our policy on manufactured housing requires both the HUD Data Plate and HUD Certification Label information be provided in the appraisal report along with photo exhibits, if available. The post is long.

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Appraisal Design Contracts Inspection 71

Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.

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Appraisal Construction Contracts Architecture 77

Appraisal Today

MAY 17, 2024

To read more about the 4 ways, plus information on why I take ads, etc. 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? What geographic area is best for this work?

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Tools Appraisal Renovations Design 64

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

But did you know there are a number of other reasons you should be contracting an appraiser to perform a professional valuation on your property? My experience in completing appraisals for properties that have been sold without the professional expertise of a real estate professional is that the selling price is often lower than the value.

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Appraisal Renovations Real Estate Valuation 50

AmeriMac

JANUARY 19, 2021

A low appraisal can cause the cancellation of sales contracts because a lender won’t approve mortgages higher than a home’s value. If you want to challenge the information written by the appraisal, you must get your hands on it. However, one thing homebuyers sometimes encounter is a low appraisal. A new furnace.

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Appraisal Real Estate Agent Market Value Real Estate 36

Realtor

DECEMBER 15, 2016

Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA. Low appraisals tend to occur in hot housing markets, where home buyers are often forced to pay above market value for a home. Appeal the appraisal.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA. Low appraisals tend to occur in hot housing markets, where home buyers are often forced to pay above market value for a home. Appeal the appraisal.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Appraisal Today

FEBRUARY 9, 2024

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” I looked like a real estate agent.

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Appraisal Contracts Insurance Construction 80

AmeriMac

DECEMBER 15, 2021

That’s why appraisal creep is such an issue for everyone – by artificially inflating the fair market value of a home, people end up spending more money than they should on a house that isn’t worth nearly as much as they think it is. One recent study illustrated just what a significant issue this has become.

Real Estate 36

Real Estate Appraisal Market Value Contracts 36

AmeriMac

DECEMBER 15, 2021

That’s why appraisal creep is such an issue for everyone – by artificially inflating the fair market value of a home, people end up spending more money than they should on a house that isn’t worth nearly as much as they think it is. One recent study illustrated just what a significant issue this has become.

Real Estate 36

Real Estate Appraisal Market Value Contracts 36

The Robert Weiler Company

OCTOBER 21, 2022

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser.

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Real Estate Appraisal Property Appraisal Valuation 60

Portland Appraisal Blog

APRIL 14, 2019

You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off.

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Appraisal Reconsideration of Value Agents Market Value 78

Appraisal Today

JANUARY 20, 2023

Chance to really irritate annoying real estate salespeople. 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. What is happening in your market? MLS info can be unreliable. It sounds a bit suspect, right?

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Appraisal Contracts Sellers Business 52

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. My Comments on Market Changes. Most of the information in these newsletters comes from emails. USPAP and the Contract.

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Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

OCTOBER 6, 2023

Still, they are diluting the quality of those very same numbers by allowing random people to collect on-site information. There is a real estate appraiser section with some of the brightest appraisal minds in the industry, and yet…no contribution to this report about property data collectors. It’s insane, actually.

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Appraisal Contracts Real Estate Mortgage 77