AmeriMac

FEBRUARY 18, 2021

Home appraisals are the perfect way to get an accurate measure of your house’s value. Now if you want to gain approval for a mortgage, you are going to need a good home appraisal. From the seller right down to the buyer, an experienced real estate appraiser is an essential part of the overall home purchasing process.

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Appraisal Process Appraisal Sellers Buyers 36

AmeriMac

FEBRUARY 18, 2021

Home appraisals are the perfect way to get an accurate measure of your house’s value. Now if you want to gain approval for a mortgage, you are going to need a good home appraisal. From the seller right down to the buyer, an experienced real estate appraiser is an essential part of the overall home purchasing process.

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Appraisal Process Appraisal Sellers Buyers 36

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

In most parts of the country, real estate appraiser’s main source of data is the multiple listing service. MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. I have read some comments in the MLS, that state that a home had been completely renovated.

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Agents Appraisal Renovations Development 374

Birmingham Appraisal

JUNE 21, 2023

Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals. In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for real estate agents to navigate the appraisal process effectively.

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Real Estate Agent Real Estate Agents Appraisal 75

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” Thank you to the large number of appraisers who shared their input! Because of where buyers want to live. That determines value.

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Real Estate Agent Real Estate Agents Appraisal 97

AmeriMac

FEBRUARY 18, 2021

Home appraisals are the perfect way to get an accurate measure of your house’s value. Now if you want to gain approval for a mortgage, you are going to need a good home appraisal. From the seller right down to the buyer, an experienced real estate appraiser is an essential part of the overall home purchasing process.

Appraisal Process 28

Appraisal Process Appraisal Sellers Buyers 28

Birmingham Appraisal

AUGUST 23, 2023

The agent’s client (buyer or seller) can make an informed buying or selling decision and the appraiser’s client (bank) can make an informed lending decision. Creating Accurate Initial Expectations: Agents and appraisers collaborating early in the process help set accurate expectations for buyers and sellers.

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Agents Appraisal Valuation Appraisal Process 82

Birmingham Appraisal

AUGUST 30, 2023

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale.

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Appraisal Appraisal Process Renovations Market Value 78

Birmingham Appraisal

FEBRUARY 28, 2023

Homeowners, Don’t Make These Appraisal Mistakes When Selling Your Home As a real estate appraiser, I have seen many mistakes that sellers make during the appraisal process. These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price.

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Sellers Real Estate Appraisal Appraisal Process 78

AmeriMac

DECEMBER 30, 2023

Additionally, these appraisals assist real estate agents in setting the asking price and ensuring that the home’s condition aligns with the appraisal value, which is essential for the appraisal contingency. Accurate appraisals are vital for facilitating smooth real estate transactions.

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Real Estate Appraisal Inspection Appraisal Process 36

East Coast Appraisal

SEPTEMBER 12, 2022

Private mortgage insurance, or PMI, allows lenders to offer home loans to buyers without the traditional 20 percent down payment. This insurance covers the risk of financing a mortgage with less equity from the buyer. Should a buyer fail to make payments later on, PMI helps the lender recover its losses.

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Appraisal Renovations Insurance Home Value 52

AmeriMac

APRIL 15, 2024

When it comes to buying, selling, or refinancing a home, one important step in the process is getting a home appraisal. A home appraisal is a professional estimate of a home’s value and plays a crucial role in determining the market value of the property.

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Appraisal Appraisal Process Real Estate Renovations 36

D Fritz Appraisals

MARCH 7, 2019

While these three factors are out of your control, there are still many things you can do to impress appraisers and list your house for top dollar. Before you go spending thousands of dollars in renovations, however, make sure you follow this advice from the outset. You might not get back the cost of those $1,000 lighting fixtures.

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Renovations Appraisal Real Estate Agent Buyers 78

East Coast Appraisal

JULY 8, 2021

If you own a home, you may be wondering about appraisals. The appraisal process is commonly done when you buy or sell a home, but you may need one for many reasons. If you think you may need a home appraisal in the near. How Much Does a Home Appraisal Cost? On the other hand, an appraisal can help with.

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Appraisal Appraisal Process Inspection Renovations 52

Cleveland Appraisal Blog

JUNE 25, 2021

Even if they are completely renovated, they are still not considered to be new. Functional depreciation results when buyers pay less for a home, in comparison to other similar homes, because some aspect of it is less functional than other generally similar homes. Will buyers pay less for a home on a busy street?

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Market Value Appraisal Marketing Buyers 244

Birmingham Appraisal

JULY 12, 2023

How Agents Can Use The Law of Diminishing Return When Pricing a Listing As a real estate appraiser with over 30 years of experience, I have witnessed firsthand the critical role that accurate pricing plays in the success of real estate transactions.

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Real Estate Agent Law Real Estate Bracketing 84

AmeriMac

JANUARY 15, 2024

Understanding the role of a home appraiser, the importance of a home appraisal, and the factors to consider when choosing an appraiser are key to making an informed decision. So, let’s dive in and discover how to find the best local home appraiser. What Does a Home Appraiser Do?

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Appraisal Appraisal Process Valuation Real Estate 36

AmeriMac

NOVEMBER 30, 2023

Commercial appraisals are relied upon by property owners, buyers, sellers, investors, and lenders to make informed decisions. Role of Commercial Real Estate Appraisal Commercial appraisals play a crucial role in the real estate industry. The property inspection is a crucial step in the commercial appraisal process.

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Appraisal Real Estate Appraisal Process Inspection 36

Birmingham Appraisal

DECEMBER 19, 2023

As always, if you have any questions about what I am discussing here or about the appraisal process in general feel free to contact me. Mistakes Real Estate Agents Need to Steer Clear Of 1) Not providing an information packet to the appraiser – An information packet is the easiest thing to share with the appraiser.

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Real Estate Agent Real Estate Agents Appraisal 69

PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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Appraisal Real Estate Agent Renovations Home Value 69

AmeriMac

APRIL 30, 2023

Appraisals protect the lender’s interests and provide an accurate valuation of the property, which is essential during the home buying and selling process. Additionally, it can also give a homeowner insight on any repairs or renovations that could increase the property value before selling.

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Appraisal Valuation Appraisal Process Renovations 36

AmeriMac

SEPTEMBER 30, 2023

The Importance of Relocation Appraisal in Today’s Real Estate Market Relocation appraisal is crucial for assessing a property’s market value, aiding informed decisions by buyers and sellers. Appraisals provide reliable estimates, ensuring fair transactions.

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Appraisal Appraisal Process Real Estate Human Resources 36

AmeriMac

MAY 24, 2023

In this blog, we will dive deep into what commercial real estate appraisals entail, why they are so important, who conducts them, and how much they cost. We’ll also cover the different types of commercial properties that can be appraised, the overall appraisal process, and the accuracy of these appraisals.

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Real Estate Appraisal Appraisal Process Market Value 36

AmeriMac

JUNE 6, 2022

The appraiser will look at things like the size of your home, the condition of your home, recent sales of similar homes in the area, and any upgrades or renovations you may have made. After the inspection, the appraiser will give you a report that details their findings. Why Do I Need a Home Appraisal?

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Appraisal Renovations Buyers Lending 36

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Estate settlements.

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Appraisal Inspection Property Taxes Easement 106

Listing Spark

MARCH 15, 2022

These two appraisal types differ very little in how they are calculated. One of the biggest differences is that the buyer does not get involved in the appraisals. In the case of the refinancing appraisal however, homeowners have the opportunity to participate, so the benefits can be great. Prep the surface properly.

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Appraisal Renovations Contracts Buyers 36

Cleveland Appraisal Blog

MARCH 4, 2021

That usually appealing to many home buyers. For instance, a thirty-year old home may have an effective age that is the same as a fifty-year old home, if the fifty-year old home has been renovated to a degree that is comparable to the younger home. Let’s think about a home that was just built and never lived in.

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Appraisal Real Estate Real Estate Agent Loan Conditions 223

D Fritz Appraisals

MARCH 16, 2021

Any non-permitted additions – if you’ve added a permanent structure without a permit, this can impact the value of your home and pass an unwanted issue on to the buyer. The CMA (Comparative Market Analysis) from your Realtor – review this document to see if you know of any homes that were renovated after purchase.

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Appraisal HOA Easement Valuation 127

AmeriMac

JULY 15, 2021

This dramatic increase in value affects home appraisals, which is good news for both buyers and sellers. An appraisal also assures the lender that they aren’t giving the borrower more money than the property is worth. For this reason, appraisal companies are generally chosen by the lender.

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Appraisal Sellers Real Estate Buyers 36

The Robert Weiler Company

OCTOBER 21, 2022

The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked. Question 6: What is the overall commercial real estate appraisal process?

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Real Estate Appraisal Property Appraisal Valuation 60

AmeriMac

JUNE 14, 2021

Estimating value for a construction or renovation project. What Happens During the Commercial Appraisal Process? After the appraiser collects the necessary information about the property, the scope of the work is generally established. Using this forecast, the appraiser can estimate the value. Conclusion.

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Appraisal Real Estate Appraisal Process Valuation 36

AmeriMac

JUNE 14, 2021

Estimating value for a construction or renovation project. What Happens During the Commercial Appraisal Process? After the appraiser collects the necessary information about the property, the scope of the work is generally established. Using this forecast, the appraiser can estimate the value. Conclusion.

Appraisal 36

Appraisal Real Estate Appraisal Process Valuation 36

AmeriMac

JUNE 14, 2021

Estimating value for a construction or renovation project. What Happens During the Commercial Appraisal Process? After the appraiser collects the necessary information about the property, the scope of the work is generally established. Using this forecast, the appraiser can estimate the value. Conclusion.

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Appraisal Real Estate Appraisal Process Valuation 36

AmeriMac

JULY 25, 2022

The seller wants to max out the estimate based on the growing inflation and number of renovations made, while the buyer wants the best deal in the market even as home affordability worsens. This is why home appraisals are advised to ensure property costing is as fair as possible. Methods of Conducting Appraisals.

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Real Estate Appraisal Valuation Clients 36

Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? Regarding our garage example, we might start with answering these types of questions: What have you observed about how buyer’s react to additional garages?

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Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

JANUARY 19, 2024

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. Appraisers must, therefore, frame their response within the matrix of avoiding any of any and all types of biases, not merely racial biases.

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AmeriMac

MAY 15, 2021

This combination of factors is exactly why one appraiser may determine the value of a property at $150,000 and another appraiser may calculate the value of the exact same property at $145,000. The Science of Property Appraisals. The Art of Property Appraisals. The Bottom Line on Appraisal Services: Art vs. Science.

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Property Appraisal Appraisal Real Estate Property Taxes 36