Appraisal Today

MAY 17, 2024

What Tools Do You Use to Support Your Appraisal Adjustments? By McKissock As part of our monthly survey series, we asked our community of real estate appraisers, “What tool(s) do you use to support your appraisal adjustments?” Popular tools include Synapse by Spark, Solomon Adjustment Calculator, and Redstone by Bradford Technologies.

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Housing Wire

JUNE 18, 2024

When you own local seller listings, you own your local market.” ” So far, more than 5,000 homes have been listed on Redy, with data showing that homes are being sold for an average of 12% more than market value, along with an average upfront cash bonus of $2,357.

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Padove Appraisal Service

FEBRUARY 24, 2023

There are several reasons why someone may want to get a real estate appraisal: Buying or selling a property: If you are buying or selling a property, an appraisal can help determine its fair market value, which can be useful in negotiations and setting a listing price.

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Cleveland Appraisal Blog

FEBRUARY 16, 2024

FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. They felt that way because of sales they saw on Zillow that appeared to be comparable and sold for less than my opinion of the market value of the property I appraised.

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Housing Wire

MARCH 24, 2023

An appraisal gap is the difference between what a buyer agreed to pay for a home in a purchase contract and what an appraiser concludes as the fair market value of the property. The truth of it is that an appraisal coming in below the contract price can be a powerful tool for a homebuyer and save them future pain and heartache.

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Housing Wire

MAY 18, 2022

Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. In fact, many financial researchers and scholars have identified it as a strategic tool that should be considered part of a holistic financial strategy for retirement.

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Appraisal Buzz

AUGUST 16, 2021

I started to think about the best way to approach those questions, and in doing so I became reacquainted with a useful tool in statistics…the bell curve. In other words, why are appraiser estimating market value below the contract price so often? The bell curve is the informal name for a normal (or Gaussian) distribution.

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Housing Wire

NOVEMBER 5, 2023

8 circle prospecting ideas — a deep dive 8 effective circle prospecting scripts 9 pro tips for expert-level circle prospecting 3 circle prospecting tools What is circle prospecting? There are numerous tech tools available to agents to help with prospecting. Offering value Providing value is crucial in circle prospecting.

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Appraisal Buzz

AUGUST 26, 2024

Consider this example: If the remaining economic life is extracted from the market at 42 years, and economic life is 60 years, 42/60 = 70% of cost is market value. When marginal cost is $100, and market reaction is 70% of cost, a market-supported GLA adjustment is $70. Did you notice the similarity with paired sales?

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Housing Wire

AUGUST 3, 2023

Powerful AI tools are already transforming residential real estate and forward-thinking agents are paying attention. In this article, I will explain the history of AI, the projected financial impact on real estate and the cutting-edge tools available today for savvy agents. The good news is that the early adopters will thrive.

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Boston Appraisal

JULY 6, 2023

In these situations, a property appraisal can be an indispensable tool in the lawyer’s arsenal. By providing an objective assessment of the property’s market value, an appraisal can aid in dispute resolution, assist in legal arguments, and guide negotiations.

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Mashvisor

MARCH 17, 2022

Zillow’s estimated market value tool “Zestimate” has been questioned by both real estate investors and agents for its accuracy. Zillow is an online property search website that makes its money…

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Housing Wire

FEBRUARY 19, 2021

Cape Analytics and Weiss Analytics are primarily targeting real estate investors, real estate brokers and mortgage originators with the ValPro+ tool to help them identify undervalued purchase opportunities. improvement in PPE-10 predictions of on-market valuations. .” Presented by: Motto Mortgage.

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Birmingham Appraisal

DECEMBER 5, 2023

To break through this barrier, real estate agents need a fresh perspective and a solid understanding of the property’s true market value. Market Knowledge: A pre-listing appraisal provides you with valuable insights into current market conditions, trends, and comparable sales in the area.

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Cleveland Appraisal Blog

MARCH 25, 2023

– Birmingham Appraisal Blog Tim O’Brien’s Journey in the Appraisal Industry: Following the Yellow Brick Road – PahRooZings: Appraisers On Purpose Podcast Appraiser Adjustment Tools – APPRAISAL TODAY Devalue Market Value?

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McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Sign up now. Is this ever going to change?”

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AmeriMac

SEPTEMBER 17, 2024

Alternate valuation products are new tools for determining the market value of residential properties. They use technology and smart algorithms to provide a better and more accurate value for a property. These tools can help you find undervalued properties and better understand the risks.

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Cleveland Appraisal Blog

JULY 6, 2022

Interestingly, some appraisers don’t like using the term inspection when describing our walking thru a home to observe things like its condition, layout, and other aspects of the home that impact market value. It’s simply a tool to create a detailed floor plan and measure a home.

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Housing Wire

JUNE 7, 2024

Market data about the area, an invitation to an upcoming open house, or info about a coming soon listing nearby are all great items of value. Don’t forget to include your contact information and a call to action such as: “Call/text me to learn about your home’s current market value.” Who’s it for?

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Birmingham Appraisal

SEPTEMBER 17, 2024

Location factors can significantly impact market value due to various economic, social, and environmental variables. These locational aspects can detract from a home’s appeal and ultimately lower its market value. Use these tools to help identify characteristics that may influence value.

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Listing Spark

OCTOBER 7, 2024

Selling your home FSBO in Texas involves understanding the legalities, setting the right price, enhancing the home’s appeal, managing marketing, and negotiating deals. Armed with the right information and tools, such as house-flipping software , you’ll discover that you can successfully manage the sale.

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D Fritz Appraisals

MAY 13, 2024

Either way, the goal remains the same: to make the home appear as attractive and welcoming as possible, thereby making it stand out in the competitive real estate market of British Columbia. Your appraiser can accurately assess your property’s worth, considering your area’s latest market trends and comparable sales.

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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. It is not an appraisal and can’t be used in place of an appraisal.” -via

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Appraisal Today

AUGUST 30, 2024

Using the generative capabilities of a large language model such as ChatGPT coupled with the visioning tools, some of the narrative description of the property can be streamlined for the appraiser. Enhanced Reports Another appraiser leveraged AI tools to generate detailed market analysis reports. A friend had dense breasts.

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AmeriMac

SEPTEMBER 24, 2024

It helps determine a property’s market value. Sometimes, the appraisal value could be lower than what you expected. Defining Rebuttal Appraisals in Real Estate A rebuttal appraisal is a valuable tool for homeowners disputing a low property valuation, especially when it impacts financial decisions.

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Appraisal Hub

MARCH 27, 2024

Conversely, a current and precise appraisal can serve as a powerful tool in appealing for lower property taxes. Appeal Your Property Assessment: Armed with a recent commercial appraisal, property owners can challenge the assessed value of their property. is the first step.

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McKissock

AUGUST 13, 2021

Looking at the sales contract early on allows the appraiser to identify any “subject to” items or other conditions that could influence the value conclusion. When contract prices and value often differ. Of course, the number one tool to achieve that is a phony contract showing an inflated price.

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Empire Appraisal Group

OCTOBER 19, 2023

Here are some of the top reasons to consider getting a pre-listing appraisal: Accurate Pricing : An appraisal provides an objective and professional estimate of your home’s current market value. Avoid Overpricing : Overpricing a home can deter potential buyers and lead to a property languishing on the market.

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Housing Wire

DECEMBER 16, 2021

Public health officials note that we have many more tools to address this latest — and likely not the last — challenge. More specifically, that means targeting an unemployment rate close to 4%, inflation close to 2%, and using regulatory tools to prevent unsound lending or other financial imbalances.

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AmeriMac

MAY 30, 2024

By utilizing comprehensive databases and technology tools, appraisers can gather the necessary information to form an accurate opinion of value for a property without setting foot on the premises. For homeowners, desktop appraisals offer a convenient and efficient way to understand the current market value of their property.

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Appraisal Today

AUGUST 30, 2024

Using the generative capabilities of a large language model such as ChatGPT coupled with the visioning tools, some of the narrative description of the property can be streamlined for the appraiser. Enhanced Reports Another appraiser leveraged AI tools to generate detailed market analysis reports. A friend had dense breasts.

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Appraiserblogs

NOVEMBER 18, 2022

Spreadsheets and graphs are powerful tools for appraisers. This completed process becomes an exhibit in all my appraisal reports because it helps the Intended User(s) visually see what the market has been doing over a known time period.

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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. They can provide advice on staging your home, marketing it to potential buyers, negotiating offers, and more.

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Clear Capital

JULY 27, 2023

Clear Capital’s ClearAVM , a nationwide automated valuation model (AVM) that provides accurate estimates of market value for millions of properties, has been integrated with BeSmartee’s Mortgage POS and HELOC product to provide users with value verification during the initial application and/or underwriting process on mortgage and home equity loans.

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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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D Fritz Appraisals

SEPTEMBER 19, 2019

An appraisal report informs homeowners, home buyers, and mortgage lenders on the market value of the home. What is an Online Home Value Estimator? An online home value estimator is a website or online tool that gives you a rough idea of what your home is worth, based on things like its address, square footage, lot size, and age.

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McKissock

OCTOBER 12, 2021

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.” So is the right price to pay $150,000 (market value after renovations) – $90,000 (estimated cost to cure) = $60,000?

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