Appraisal Buzz

SEPTEMBER 12, 2022

Since 2020, iBuying has soared in popularity as many sellers have taken advantage since the start of the pandemic. Sellers used iBuying to bypass the lengthy aspects of the traditional homebuying process to receive cash payments in an expedited manner. A strong housing market is the key driver of iBuying’s success.

Supply Chain 195

Supply Chain Sellers Housing Market Appraisal 195

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 63

Real Estate Appraisal Valuation Legal 63

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

Empire Appraisal Group

OCTOBER 19, 2023

Getting your home appraised before listing it for sale is a wise decision that can benefit both sellers and buyers in the real estate market. Seller’s Peace of Mind : An appraisal can provide sellers with peace of mind, knowing that their asking price is based on a professional assessment.

Appraisal 78

Appraisal Real Estate Sellers Buyers 78

McKissock

APRIL 30, 2021

Sales due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than the property’s market value. Remember, in general, market value is defined as the most probable price a property should bring in a competitive and open market. Non-arm’s length sale. Arm’s length sale.

Market Value 88

Market Value Real Estate Appraisal Sellers 88

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

Town & Country Residential Appraisals

JUNE 26, 2023

When it comes to appraising homes for buyers using VA-backed financing, the Tidewater process plays a crucial role in determining fair market value. Its purpose is to protect the interests of veterans and ensure fair market value.

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Appraisal Market Value Buyers Sellers 36

McKissock

OCTOBER 13, 2020

Between the complexities of the real estate market and the changeable landscape of financing and property value, your clients likely have an abundance of questions regarding the sale of their home. We took a poll of some recent sellers and found the following questions to be the most frequent. Share in the comments below.

Clients 84

Clients Advertising Real Estate Market Value 84

Glascock Company

DECEMBER 11, 2020

While there are plenty of benefits to both, there is one alternative that could flip the sale faster and without much stress on you as the seller. Auctions are one of the most expedient ways to sell real estate (both commercial and residential) while still allowing the seller to maintain total control over the transaction.

Sellers 78

Sellers Inspection Real Estate Buyers 78

Realtor

MARCH 7, 2023

The main criterion is that the home’s market value may not exceed the USDA’s applicable area loan limit. The USDA home loan appraisal process To prove that a home meets the USDA’s criteria, all homes financed by USDA loans must undergo an appraisal.

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Inspection Appraisal Market Value Finance 111

The Robert Weiler Company

SEPTEMBER 18, 2022

Any loan for a property is based on the appraisal value. As a land buyer, owner, or seller, understanding the true market value of the real estate in question is important. Buying land can turn into a lucrative investment, just as selling land can bring the seller a high return on their investment.

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Appraisal Valuation Real Estate Market Value 78

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. 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.

Renovations 221

Renovations Buyers Appraisal Investing 221

Birmingham Appraisal

JUNE 13, 2023

This can create challenges for both agents and appraisers, especially when it comes to determining the market value of the property. As an agent, you might think that multiple offers are a clear indication of market value and that the highest offer should be accepted as such.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Reconsideration of Value 78

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. What exactly is a Zestimate? via Zillow.com Are Zestimate’s Worth Looking At?

Real Estate Agent 73

Real Estate Agent Real Estate Sellers Realtors 73

DataMaster

APRIL 6, 2021

An appraisal is an unbiased valuation of the fair market value of a home. We must look at the market analysis and where we are coming from. Keven also shared the factors that he considers in determining the market value as a home. Let’s explore how appraisals work! What Is An Appraisal? What is an appraisal?

Appraisal 158

Appraisal Appraisal Process Buyers Legal 158

Birmingham Appraisal

JUNE 21, 2023

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Recent Comparable Sales: Appraisers analyze recent sales data of comparable properties in the area to provide a market-derived opinion of value.

Real Estate Agent 75

Real Estate Agent Real Estate Agents Appraisal 75

Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. A home appraisal determines the fair market value of a home. Of course, even if you aren't using a traditional lender for financing, an appraisal isn't a bad idea. Why would you?

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Appraisal Process Appraisal Construction Sellers 139

Realtor

OCTOBER 31, 2017

Kenishirotie/iStock It’s disheartening when a house appraisal comes back lower than the purchase price you and the seller agreed on. Your loan will cover only the appraised value of the home, so having to cover tens of thousands of dollars more than you anticipated could throw a serious wrench in the plan. Get another opinion.

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Appraisal Sellers Real Estate Finance 78

Realtor

OCTOBER 31, 2017

Kenishirotie/iStock It’s disheartening when a house appraisal comes back lower than the purchase price you and the seller agreed on. Your loan will cover only the appraised value of the home, so having to cover tens of thousands of dollars more than you anticipated could throw a serious wrench in the plan. Get another opinion.

Appraisal 78

Appraisal Sellers Real Estate Finance 78

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

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 86

Real Estate Agent Real Estate Clients Agents 86

Birmingham Appraisal

AUGUST 8, 2023

Set it too low, and you may lose out on the true value of your property. A pre-listing appraisal performed by a professional appraiser can provide you with an unbiased and accurate assessment of your home’s market value. Armed with this knowledge, you can confidently set a fair and competitive price right from the start.

Appraisal 75

Appraisal Buyers Real Estate Investing 75

AmeriMac

APRIL 30, 2024

A commercial appraisal serves as a basis for negotiations between buyers and sellers, as it provides an objective assessment of a property’s worth. For buyers, it helps in determining a fair price to offer, while sellers can use it to showcase the value of their property.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

Eppraisal

JUNE 20, 2023

Assessing Property Value and Condition Conduct a thorough inspection of the property to identify any potential issues Research recent sales and comparable properties to gauge market value Consult with your real estate agent to determine a fair offer price B. Stay tuned!

Real Estate Agent 36

Real Estate Agent Open Houses Real Estate Inspection 36

Town & Country Residential Appraisals

JULY 5, 2022

The buyer and seller might have opposing Interests but they equally desire for the sale to close. The buyer obviously wants to have ownership of the home and the seller would like to, for whatever the reason, no longer own the home and either pay off their existing loan and/or walk away with some cash.

Appraisal 58

Appraisal Sellers Agents Real Estate 58

Assurance Financial

DECEMBER 20, 2021

According to Freddie Mac, almost 90% of American homeowners finance their homes with a 30-year mortgage. In a traditional home sale, the seller lists the house for a price that will cover the following costs: The mortgage’s remaining costs. As a result, the seller no longer has that mortgage. Traditional Home Sale.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Will Springer Realtor

OCTOBER 19, 2021

The home is under contact, seller and buyer have agreed to terms. Buyer is financing the purchase through a mortgage lender and the underwriter wishes to confirm the value of the home before issuing the loan. (No No lender will approve a mortgage on a home that is valued less than the agreed sales price.). Yes, “crap!”

Contracts 41

Contracts Appraisal Sellers Real Estate Agent 41

DataMaster

APRIL 6, 2021

An appraisal is an unbiased valuation of the fair market value of a home. We must look at the market analysis and where we are coming from. Keven also shared the factors that he considers in determining the market value as a home. Let’s explore how appraisals work! What Is An Appraisal? What is an appraisal?

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

DataMaster

APRIL 6, 2021

An appraisal is an unbiased valuation of the fair market value of a home. We must look at the market analysis and where we are coming from. Keven also shared the factors that he considers in determining the market value as a home. Let’s explore how appraisals work! What Is An Appraisal? What is an appraisal?

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

Assurance Financial

APRIL 29, 2021

Earnest money is a portion of the sale price of the home that a buyer pays upfront, after the seller accepts their offer. The deposit shows that a buyer is serious and allows the seller to take the home off the market. If the buyer backs out of the sale, the seller gets to keep the earnest money. Fair Market Value.

Mortgage 69

Mortgage Insurance Sellers Inspection 69

Lamacchia Realty

JANUARY 4, 2022

Listing agents are contractually bound to act in the best interest of their seller, not the buyer. A buyer’s agent will be familiar with local real estate market values and can negotiate a fair offer for the home. Some sellers take it to the next level with savvy tricks that you could easily get distracted with.

Buyers 74

Buyers Agents Inventory Sellers 74

Birmingham Appraisal

FEBRUARY 20, 2024

One tool the agent uses to price the property is the Comparative Market Analysis or CMA, and by sharing this with the appraiser they can better understand what went into the agent’s pricing strategy. Like an appraisal, it is important that the CMA reflects the latest and most accurate market data.

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Agents Appraisal Real Estate Agent Bracketing 86

Will Springer Realtor

MARCH 7, 2023

Residential property is assessed each year at its full market value, which is defined as the amount a buyer, willing but not obligated to buy, would pay to a seller willing but not obligated to sell. Keep in mind the assessor produces a value based on the previous year’s sales and sets the figure for Jan.

Property Taxes 36

Property Taxes Market Value Real Estate Government 36

AmeriMac

SEPTEMBER 15, 2023

Understanding the Importance of Appraisal in Real Estate Appraisal plays a crucial role in the real estate industry, determining the market value of a property. Mortgage lenders rely on appraisals to assess the value of a property for financing purposes.

Appraisal 36

Appraisal Appraisal Process Real Estate Real Estate Agent 36

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

When you are the seller of a FSBO (For Sale By Owner). 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. Most people know that appraisals need to be completed for lending purposes.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

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. There is no law forbidding someone from paying more than the average market participant for a home unless the motive for doing so falls under money laundering, bribery, or some other equally nefarious scheme. What just happened?

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

AmeriMac

APRIL 15, 2023

It is important to assess the value of your commercial property through a professional appraiser to make informed decisions on its future use. Uses of Commercial Property Appraisals A commercial property appraisal is a process of determining the real estate market value of a commercial property.

Real Estate 36

Real Estate Appraisal Property Taxes Valuation 36