2005 Contracts Market Value Sellers 
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.
Lamacchia Realty
FEBRUARY 22, 2022
Below is a graph that illustrates home sales per year since 2005. Below is a graph that illustrates monthly home prices since 2005. Prices very clearly skyrocketed in 2021 when compared to previous years, again because demand was so high and supply was so low, sellers could almost name their price. 2021 Sales by Month.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Lamacchia Realty
JUNE 21, 2022
For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying. The low rates made it possible to offer more on a home as the cost of borrowing was lower and therefore, sellers weren’t the ones competing, buyers were. The same will be true for sellers.
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.
Lamacchia Realty
APRIL 15, 2022
Now all the above factors are finding a place to land, and everyone is asking: When will the market change? Sellers kept listing, albeit, at a much slower pace, and buyers were buying at the highest rate in over 15 years, absorbing inventory faster than ever. week supply of homes on the market. That means there is a 2.5-week
Expert insights. Personalized for you.
77 
Let's personalize your content