Housing Wire

JUNE 11, 2021

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned.

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Inspection Appraisal Buyers Appraisal Process 423

Simonson Real Estate

DECEMBER 6, 2022

On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Below are are several key points from my presentation titled Navigating the Appraisal Process that’s been presented several times to the U.S. Clarify What Value or Values are Needed.

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Appraisal Process Real Estate Appraisal Renovations 78

McKissock

JULY 6, 2022

Finally, have some type of presentation (I recommend print so they can read it as a follow-up to your appointment) that you can walk them through that describes a typical transaction from A-Z. Customize your presentation to fit the concerns you most often encounter with your clients. Expectation 2: Property Access.

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Clients Real Estate Contracts Sellers 87

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. However, some states only require you to note whether toxic substances such as lead are present in your home. I hope you find her article to be helpful!

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Renovations Buyers Appraisal Investing 221

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. You can say no to the counteroffer, accept it or propose new changes to the contract. Arriving at a verbal agreement differs from being in a contract.

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Real Estate Agent Sellers Inspection Real Estate 69

Cleveland Appraisal Blog

JUNE 18, 2022

Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding. While most states allow fair market value to be established using traditional appraisal approaches (e.g. Too many appraisers? – APPRAISAL TODAY.

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Appraisal Law Development Valuation 309

McKissock

JANUARY 31, 2023

.” “The definition of market value.” ” “How value is derived.” ” “Why the price per square foot is not an indicator of value.” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical.

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

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 77

The Robert Weiler Company

SEPTEMBER 16, 2021

Explanation of potential risks you may face or negative aspects that may impact the market value of the commercial property. With fewer factors to consider than a commercial property value, even the difference in the presentation of a report will appear obvious. Description of the commercial property.

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Real Estate Appraisal Property Appraisal Valuation 147

Birmingham Appraisal

FEBRUARY 20, 2024

It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what. The appraiser must make sure that they are providing an impartial valuation so that the market value shown in the appraisal is as accurate as possible.

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Agents Appraisal Real Estate Agent Bracketing 86

Eppraisal

DECEMBER 20, 2022

Your agent will guide you through the process and present the offer to the seller's agent on your behalf. Be prepared to negotiate with the sellers to make the final contract a win-win. Signed and Delivered After you and the sellers come to an agreement on all terms, you will all sign the contract.

Real Estate 36

Real Estate Buyers Inspection Real Estate Agent 36

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.” FHA Handbook 4000.1 percent from 13.3 percent from 6.78

Appraisal 81

Appraisal Contracts Insurance Construction 81

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.

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Valuation Business Buyers Market Value 147

Birmingham Appraisal

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Low Appraisals: When the appraised value of a property is lower than the contract price , it can cause problems. Common Appraisal Challenges That Impact Home Sales 1.

Real Estate Agent 75

Real Estate Agent Real Estate Agents Appraisal 75

Will Springer Realtor

FEBRUARY 1, 2022

Buyers often present an offer with an expiration date earlier than the sellers’ review date. Savvy sellers can generate a surge of buyer activity when listing the property slightly below market value with a review date. To accept an early offer may be forgoing more favorable bids yet to be presented. Why does this happen?

Real Estate 36

Real Estate Sellers Buyers Legal 36

Appraisal Today

JANUARY 5, 2024

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. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.76 percent from 6.71 percent from 6.85

Appraisal 76

Appraisal Contracts Legal Business 76

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. USPAP and the Contract. Excerpt: But USPAP and the contract have a very unique relationship. 8-minute podcast.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

OCTOBER 20, 2023

Note: This update does not apply to newly constructed manufactured homes because these items must be present on all new units. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.70 The average contract interest rate for 5/1 ARMs increased to 6.52

Appraisal 72

Appraisal Design Contracts Inspection 72

Genworth MI Blog

JUNE 27, 2019

Withholding or threatening to withhold timely payment for an appraisal report or appraisal services rendered when the appraisal report or services are provided in accordance with the contract between the parties. Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

Withholding or threatening to withhold timely payment for an appraisal report or appraisal services rendered when the appraisal report or services are provided in accordance with the contract between the parties. Market Value: In a mortgage appraisal, the appraiser is most likely estimating the market value of the property.

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

Lamacchia Realty

JULY 22, 2022

This Lamacchia Mid-Year Housing Report presents overall home sale statistics as of the first six months of 2022 compared to the same period last year, January 1 st to June 30 th , 2021. Pending Home Sales (contracts accepted). The number of homes placed under contract declined 13.7%

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Sellers Buyers Inventory Contracts 73

Appraisal Today

SEPTEMBER 9, 2022

So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.” So they are paying investment value, not market value. With USPAP, what’s important now is changes in market trends. The appraisal should not be used for any other purpose.”

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Reconsideration of Value Appraisal Clients Contracts 52

Property Metrics

AUGUST 13, 2020

Rising interest rates also impact the net present value of investment cash flows. When market interest rates increase, the required rate of return or discount rate also increases. This change causes the present value of future cash flows to decrease. Liquidity Risk. Real estate is a highly illiquid asset.

Real Estate 53

Real Estate Tenants Investing Construction 53

Appraisal Today

APRIL 14, 2023

For many different reasons, properties can come on the market in less-than-par condition. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.30

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

AmeriMac

JULY 25, 2022

Prospective buyers may argue that the estimate does not reflect the property’s current market value, and the property owner may state otherwise. However, a desk review can not verify the accuracy of the data presented in the report. Appraisal review is an assessment of the appraisal and not the appraiser. Field Review.

Real Estate 36

Real Estate Appraisal Valuation Clients 36

Listing Spark

OCTOBER 18, 2021

However, this convenience comes at a cost with Opendoor’s take-it-or-leave-it offers often being close to, but ultimately below fair market value. Within 24 to 48 hours Opendoor will either notify the seller that their home doesn’t qualify for an offer, or they will present their purchase offer. Steer clear 100%.

Sellers 36

Sellers Inspection Real Estate Agents 36

Housing Wire

JUNE 2, 2022

“There’s so many different pieces to it that I think present a long-term challenge. million in crypto-loan value across 35 homes that have a total market value of some $44 million. That share, via Po int’s home equity investment contracts (HEIs), is typically around 10 percent or so.

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Technology Investing Investors Mortgage 380

The People's Appraisal Blog

MARCH 28, 2019

It clearly shows that issues of the past are still being presented today, just in a different way. Appraisers are there to protect the public trust, you the consumer and provide the lender with an accurate opinion of market value.

Loan Officers 36

Loan Officers Law Appraisal Valuation 36

Miller Samuel

MARCH 19, 2019

January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract). March: Introduction of the Fiscal Policy Institute's 2014 "pied-a-terre" tax proposal for properties valued at or above $5,000,000 in New York City, was introduced in the Senate. November: Control of the New York State Senate flipped.

Real Estate 370

Real Estate Law Development Investors 370

Clear Capital

SEPTEMBER 29, 2021

Following up on lots of the stories that have been out there in the media about potential purchase appraisal bias pertaining to race and ethnicity, Freddie Mac kicked off a study of whether minorities are more likely to receive an appraisal value that’s lower than the contract price during purchase transactions. Kenon Chen.

Sellers 69

Sellers Agents Real Estate Buyers 69

Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. The tech-heavy Nasdaq has been hit especially hard, having lost 31% of its value since reaching an all-time high last November. .

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Housing Market Marketing Inventory HOA 36

Will Springer Realtor

FEBRUARY 9, 2022

Also bucking the Seattle price trend: The Eastside markets of Bellevue east of I-405 (27%), Kirkland (21%), Woodinville (17%), Sammamish (14%) and Factoria/Issaquah (16%) have seen prices soar since May. I presented a map of single-family YoY price appreciations in last month’s newsletter. in Seattle’s downtown/Belltown core.

Buyers 36

Buyers Law Inventory Development 36

Assurance Financial

NOVEMBER 9, 2021

Even though you may not need a strong strategy to sell, there are still things you can do to generate the best possible outcome: Get your house in shape: Though you’ll likely receive considerable interest in your property, you should still present it in the best possible light by cleaning and organizing it beforehand.

Marketing 36

Marketing Sellers Buyers Real Estate 36

McKissock

APRIL 23, 2021

On April 7, 2021, McKissock Learning presented this Q&A session hosted by Lisa Desmarais, Vice President, Appraisal Issues with The Appraisal Foundation. The Market Value Does Not Support the Contract Price, Now What? The Appraisal Foundation 2021 Q2 Update (recorded webinar). recorded webinar).

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Appraisal Inspection Real Estate Business 89