Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.

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Simonson Real Estate

JULY 10, 2020

Examples: Owner-occupied properties don’t have a lease in place and so the property is appraised based on market rents. The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. Value Scenarios. What is Market Value As Is and When is it Used?

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Appraisal Process Appraisal Market Value Tenants 148

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

(MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. I have read some comments in the MLS, that state that a home had been completely renovated. However, when I looked at the photos, the home may have not been renovated.

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Agents Appraisal Renovations Development 374

Eppraisal

OCTOBER 31, 2023

   Property Valuation Your home value is the primary determiner of your asking price. Then counterbalance the estimated price on those sites with the valuation seen on Eppraisal.com. Online Home Value Estimation Informal home appraisal tools can give you ballpark estimates of how much your property is worth.

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Marketing Real Estate Agent Real Estate Valuation 69

D Fritz Appraisals

MAY 13, 2024

7 Steps to Ensure Your Home Sale Goes Smoothly The real estate market in British Columbia is dynamic and diverse, with bustling urban centers like Vancouver and Victoria alongside picturesque rural communities. Marketing Your Property Engaging with experienced realtors can help effectively market your property in British Columbia.

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Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property.

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AmeriMac

DECEMBER 30, 2023

Definition and Purpose of REO Appraisals REO appraisals play a crucial role in establishing the market value of homes, especially during the foreclosure process. Mortgage lenders rely on these appraisals to determine the value of fundamental estate-owned properties, directly impacting loan amounts for refinancing.

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East Coast Appraisal

AUGUST 11, 2022

The process also provides sellers with an independent valuation of their property that the seller can use as leverage during negotiations. Home Appraisal Value Is the Same as Market Value. The appraised value of a property is different from the market value. The market ultimately sets the value.

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Real Estate Appraisal Renovations Market Value 52

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. Click below to sign up or learn more.

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Housing Wire

APRIL 25, 2022

Assessments won’t catch up to the increases for some time,” said Rick Sharga, executive vice president of market intelligence for real estate data firm ATTOM. Rather they lurch forward and back on an uneven schedule, trailing the market by years, depending on intervals set by tens of thousands of separate localities. Pick your battles.

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Property Taxes Government Appraisal Valuation 404

AmeriMac

APRIL 30, 2024

Understanding the basics of commercial appraisals, similar to those used in residential real estate, is crucial for navigating the commercial real estate market, as well as the importance of residential appraisals in the buying and selling of homes. What Exactly Is a Commercial Appraisal?

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Appraisal Appraisal Process Valuation Real Estate 36

D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. If you’re selling or dividing assets post-divorce, the appraised value ensures that you’ll receive a fair sale price.

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D Fritz Appraisals

OCTOBER 11, 2022

There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Renovation loan assessments. Estate settlements.

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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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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. Note: A commercial property valuation is considered the equivalent of an appraisal, and the words are sometimes used interchangeably. You may need a commercial valuation for many reasons.

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The Robert Weiler Company

SEPTEMBER 16, 2021

The goal of a real estate valuation is to pinpoint the price and value of a property. The product of the real estate valuation – the commercial appraisal report – establishes the property’s value at a specific point in time. In addition, there are four main methods for calculating a commercial real estate valuation.

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Real Estate Appraisal Property Appraisal Valuation 147

Eppraisal

MAY 19, 2023

AVM (Automated Valuation Model) is a computer-generated estimate of a property's value based on data such as recent sales in the area, public records, and local market trends. This knowledge can help them provide a more accurate estimate of your home's value based on current market conditions.

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AmeriMac

JANUARY 15, 2024

They consider various factors such as the property’s size, condition, location, and comparable sales data to determine its market value. The home appraisal process involves a thorough inspection of the property, analysis of market conditions, and the creation of a comprehensive appraisal report.

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Appraisal Appraisal Process Valuation Real Estate 36

AmeriMac

MAY 24, 2023

Additionally, we’ll discuss valuation approaches and strategies used by commercial appraisers to determine a property’s worth. A commercial real estate appraisal involves determining the value of a property, which is important for financing, taxation, and sales transactions.

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Real Estate Appraisal Appraisal Process Market Value 36

Birmingham Appraisal

JUNE 21, 2023

Helping Agents Understand Appraisal Factors That Impact Home Sales In the world of real estate, accurate property valuation plays an important role in the home buying and selling process. Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions.

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Cleveland Appraisal Blog

FEBRUARY 11, 2022

The appraiser’s market analysis was not supportable, nor were the sales that they choose to use to compare to the property being appraised. The appraiser agrees to come in “low” They achieve this by using sales that do not reflect the market value of the property. The market value is what it is.

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East Coast Appraisal

AUGUST 22, 2023

An appraisal is an unbiased opinion of the value of a property based on its physical characteristics, location, market conditions, and income potential. An appraisal can help you determine the fair market value of your property, negotiate a better deal, or secure a favorable loan.

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Property Appraisal Appraisal Easement Appraisal Process 52

East Coast Appraisal

FEBRUARY 28, 2022

If you plan to refinance or sell your home, you should first determine its fair market value. Then, property appraisals are an opportunity for an appraiser to check your home's quality, condition, amenities, location, and other special features that affect its value. Any quality improvements increase the appraised value.

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Appraisal Renovations Home Value Construction 52

Town & Country Residential Appraisals

SEPTEMBER 29, 2019

In home valuation language they are trying to buy under improvements for the neighborhood, which are usually a good deal, and below market value, but then there is the second half. A “dream home'“ is often code for “over improvement for the neighborhood,” and typically see lower market values compared to their costs.

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Eppraisal

SEPTEMBER 8, 2023

An AVM (Automated Valuation Model) is a computer-generated estimate of a property's value based on data such as recent sales in the area, public records, and local market trends. We treat it as a great starting point for a discussion with a real estate agent before placing your home on the market.

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AmeriMac

APRIL 30, 2023

A home appraisal is a professional valuation analysis of a property, which is usually conducted by a certified or licensed appraiser hired by the lender during the home purchase or refinancing process. They also take into account market factors and other relevant aspects that could affect the property’s value.

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Appraisal Valuation Appraisal Process Renovations 36

PennyMac

OCTOBER 10, 2023

For most loans, the lender obtains a signed and completed appraisal report that accurately reflects the market value, condition and marketability of the property. They must take into account all factors that influence a home’s value when developing the market value opinion in the appraisal report.

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Appraisal Real Estate Agent Renovations Home Value 69

Realtor

DECEMBER 15, 2016

If all goes well, the home’s appraised value will end up at the price you’d agreed to pay. But the home appraiser could also report that the home valuation is higher—or lower—and this has ramifications for the whole deal. But never fear. Appraisers aren’t perfect,” says Parsons. They make mistakes.”

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Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

If all goes well, the home’s appraised value will end up at the price you’d agreed to pay. But the home appraiser could also report that the home valuation is higher—or lower—and this has ramifications for the whole deal. But never fear. Appraisers aren’t perfect,” says Parsons. They make mistakes.”

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Appraisal Real Estate Agent Real Estate Mortgage 78

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. I have done a lot of estate appraisals.

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Appraisal Real Estate Real Estate Agent Contracts 76

D Fritz Appraisals

SEPTEMBER 19, 2019

A home or house appraisal is a third-party report written by a professional appraiser who visits the property and does market research to analyze how much the house is worth in today’s market. An appraisal report informs homeowners, home buyers, and mortgage lenders on the market value of the home. local markets.

Home Value 78

Home Value Appraisal Real Estate Agent Tools 78

Realtor

JANUARY 23, 2018

Luke Sharrett for The Wall Street Journal When Blackstone Group LP wanted to borrow hundreds of millions of dollars to buy foreclosed homes after the housing crash, it needed a quick, inexpensive way to value thousands of houses the investment firm already owned and was offering as collateral.

Appraisal 78

Appraisal Real Estate Agent Valuation Real Estate 78

Realtor

JANUARY 23, 2018

Luke Sharrett for The Wall Street Journal When Blackstone Group LP wanted to borrow hundreds of millions of dollars to buy foreclosed homes after the housing crash, it needed a quick, inexpensive way to value thousands of houses the investment firm already owned and was offering as collateral.

Appraisal 78

Appraisal Real Estate Agent Valuation Real Estate 78

AmeriMac

APRIL 15, 2024

A home appraisal is a professional estimate of a home’s value and plays a crucial role in determining the market value of the property. Understanding Home Appraisals A home appraisal is an official estimate of the fair market value of a home conducted by a licensed and impartial professional appraiser.

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Appraisal Appraisal Process Real Estate Renovations 36

AmeriMac

JANUARY 19, 2021

Highlight new and upgraded features, especially those adding value to your house. Renovating your kitchen, bathroom, or bedrooms. After all, listing your improvements is a proven way to market your home better. The appraisal itself is essentially your appraiser’s valuation opinion. Installing a new cabinet.

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Appraisal Real Estate Agent Market Value Real Estate 36

Cleveland Appraisal Blog

MARCH 4, 2021

There’s value in that. Subsequently, a new home typically has a higher market value than one that has already been lived in. In it, I provide short episodes that provide you with stats on median sales prices, marketing times, housing inventory and other related stats, on specific neighborhoods in Northeast Ohio.

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Appraisal Real Estate Real Estate Agent Loan Conditions 223

The Robert Weiler Company

JULY 6, 2021

Classification is a way to differentiate specific market features for investors. It can be a building slightly older than Class A, situated in a location that is considered a secondary or tertiary market. They have usually been constructed over 20 years ago and require renovation at this point. Industrial Class Types Examined.

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