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Opinion: Pass the Neighborhood Homes Investment Act

Housing Wire

Neighborhood Homes is a practical solution for communities in which the cost of renovating or building a home exceeds its market value after the work is complete. The cost gap also thwarts construction and development of modest homes, limiting the availability of affordable homes for first-time and first-generation homebuyers.

Investing 432
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Non-Arms Length Sales for Appraisers

Appraisal Today

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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Crumbling Foundations: Understanding Pyrrhotite-Infected Concrete and Its Impact on Homeowners

Lamacchia Realty

A significant number of homes in these areas built between 1983-2015 may have concrete foundations containing pyrrhotite, which means they’re at risk of cracking or even crumbling completely. These batches were used in thousands of foundations for new construction homes.

Sellers 64
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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Value Scenarios. What is Market Value As Is and When is it Used? The estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal date.

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

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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Developing a lending strategy for rising mortgage rates

Housing Wire

By October, the market value of Zoom exceeded that of Exxon-Mobile , reflecting the dichotomy of an intransigent society staying at home and working remote. The stock value of Zoom grew 650% during this one year as many other aspects of the economy slowed or shuttered as a result of the shutdown.

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Appraising Green Buildings: Do Solar Panels Add Value to the Property?

Boston Appraisal

Green buildings are defined as properties that use renewable energy and efficient building materials in their operation, construction, and design to create positive impacts on human and environmental health. Property owners are often surprised when the time comes to estimate the fair market value of their green building.