Housing Wire

NOVEMBER 2, 2021

The prior announcement was stunning in its own right, and led to revelations that the company bought homes for well above market value, and re-listing homes for less than what they were bought for. By close of the market Tuesday, the company’s stock price had tumbled 12% during the day, trading at $87.20

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Appraisal Today

NOVEMBER 25, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Graphs and Trendlines, Market Value definition, appraisal forms, unusual homes, mortgage origination stats, etc. ==. Is the Definition of Market Value Outdated? Why don’t appraisals consider the impact of financing on market value?

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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.

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Lamacchia Realty

JUNE 21, 2022

That’s because fewer homes are being placed under contract. Lamacchia Realty has been selling homes since 2005 and tracking data to develop an effective model on pricing homes. They say “If you overprice it’s better to admit your mistake and cut the price all the way down to the true market value in one fell swoop.”

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Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.

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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 I was not aware of my bias.

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Appraisal Today

APRIL 1, 2023

So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.” Of course, I gave up residential lender appraising in 2005, before AMCs took over but I liked lender appraising except for the huge ups and downs in business. ” 5. percent from 6.71

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