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A Seller’s Market: What Does It Mean for Appraisers?

Appraisal Buzz

A seller’s market indicates demand is high and inventory is low, while a buyer’s market means inventory is high and demand is low. Interest rates impact the housing market significantly — demand can rise or fall any time they go up or down. If rates are over 20% , you’re in a seller’s market.

Appraisal 370
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What to do when your buyer wants to make a lowball property offer

Housing Wire

By definition, a lowball offer is an offer that is significantly below market value. Asking price and market value are not always the same thing. Determine if the listing is priced correctly Determine the actual market value of the subject property. Has the seller recently corrected negative feedback?

Buyers 415
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9 tips for homebuyers in non-disclosure states

Housing Wire

For many, buying a home is a complex process, and navigating the real estate market’s rules and regulations can be tricky, especially in states where property sale prices remain a secret. Without sales figures, it’s difficult to access comparable sales, and home buyers may find it challenging to gauge the fair market value of a property.

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Do Appraisal Gap Clauses Impact Appraisals?

Cleveland Appraisal Blog

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. But not always.

Appraisal 397
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Unanswered Questions – Part 1

Appraisal Buzz

Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value. In other words, why are appraiser estimating market value below the contract price so often? Markets hate uncertainty.

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The Bay Area is the country’s 4th-hottest housing market

Housing Wire

Although other local agents said they wouldn’t characterize the market as being in a lull, they agree that interest rates and inventory are two major challenges to overcome. A lot of the sellers in our area refinanced their houses when they could get a loan rate of like 2.75%,” Gordon said. “If

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How to prepare a comparative market analysis (CMA) report

Housing Wire

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. A CMA report includes information on similar, comparable properties in the area, including recent sales, active listings and current market trends.

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