The Robert Weiler Company

OCTOBER 21, 2022

Feeling a bit overwhelmed by the thought of a commercial real estate appraisal? The process can be daunting, especially if you’ve never engaged in an appraisal for commercial real estate before. Question 1: What is a commercial real estate appraisal?

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Real Estate Appraisal Property Appraisal Valuation 60

Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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Agents Appraisal Real Estate Agent Bracketing 86

AmeriMac

DECEMBER 15, 2021

It’s important to understand that appraisals are ultimately designed to protect buyers from significantly overpaying for the home in question. Each house had at least two appraisals done roughly six months apart. Part of the discrepancy here comes by way of how the appraisal process works to begin with.

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Real Estate Appraisal Market Value Contracts 36

AmeriMac

DECEMBER 15, 2021

It’s important to understand that appraisals are ultimately designed to protect buyers from significantly overpaying for the home in question. Each house had at least two appraisals done roughly six months apart. Part of the discrepancy here comes by way of how the appraisal process works to begin with.

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Real Estate Appraisal Market Value Contracts 36

Birmingham Appraisal

SEPTEMBER 26, 2023

Real estate professionals use a mix of data analysis, market knowledge, and professional judgment to determine a property’s value or list price. Some people will say that it is market value because you have a willing buyer and a willing seller. Should Outlier Sales Be Used When Pricing a Listing?

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AmeriMac

JULY 25, 2022

Appraisals are made by appraisers — professionals licensed by a regulatory body to carry out unbiased property valuation. These evaluations have a central feature in any significant sales negotiations made within the real estate industry. Appraisal review is an assessment of the appraisal and not the appraiser.

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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. Fires, multiple offers, & new flooring – Sacramento Appraisal Blog.

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Simonson Real Estate

DECEMBER 6, 2022

Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.

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Appraisal Today

JANUARY 19, 2024

However, it has become clear that, while some appraisers are racist bigots, this blanket accusation has no basis in fact…. Unfortunately, because there has been no organized and concentrated pushback from any real estate appraisal industry sector, the scenario of our opponents, as false as it is, is gaining traction.

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McKissock

JULY 27, 2021

As a real estate appraiser, you’ve likely encountered assignments in which the purchase price is not supported by the available comps. ” “Statistical analysis, market data showing superheated sales and consumer price index vs trending home affordability.” So you can show your value without doubt.”

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Birmingham Appraisal

SEPTEMBER 15, 2022

If the bank uses a waiver it is still a good idea for the borrower to obtain an appraisal of their own to make sure that they are not paying more than the home is worth. Appraisal vs Home Inspection. As you can see, there are major differences between home appraisals and home inspections and both are very important.

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Lifestyle Properties of Maine

AUGUST 6, 2019

One of the most nerve wracking parts of a real estate transaction can be the appraisal process for both buyers and sellers. What is an appraisal? Why is an appraisal necessary? What if the home doesn’t appraise for the contract value? An appraisal is seeking value.

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Real Estate Appraisal Inspection Contracts 28

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?” from 0.65 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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D Fritz Appraisals

MARCH 16, 2021

Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property.

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Simonson Real Estate

JULY 10, 2020

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. Value Scenarios. What is Market Value As Is and When is it Used?

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Empire Appraisal Group

JULY 1, 2021

5 Appraisal Topics Every Agent Should Know. Source: 5 Appraisal Topics Every Agent Should Know | Realtor Magazine. Appraisers are an integral part of the real estate sales process. Good appraisers want as much information as they can get,” said Claire Aufrance, an appraiser and broker from Greensboro, N.C.,

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Appraisal Today

JANUARY 20, 2023

Chance to really irritate annoying real estate salespeople. Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. What is happening in your market? ’ Home sellers gave concessions to buyers in 41.9%

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The Robert Weiler Company

SEPTEMBER 16, 2021

The question is, how exactly is property value determined? And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. Recent sales of comparable properties.

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Real Estate Appraisal Property Appraisal Valuation 147

Appraisal Today

JANUARY 5, 2024

Chance to really irritate annoying real estate salespeople. Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. Streamline my appraisal process (10%) Plus 3 more To read more, Click Here My comments: Interesting stats!

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Appraisal Contracts Legal Business 76

Aedis Appraisals

JUNE 13, 2017

After all, if you fail to procure an accurate appraisal, there isn’t much to stand between you and potential losses during the sale or purchase of a particular property. What Is an Appraisal and When Do I Need One? How Does the Process Work?

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Property Appraisal Appraisal Inspection Real Estate 36

Listing Spark

MARCH 15, 2022

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. What is the home appraisal process like? How to improve your appraised value.

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Appraisal Renovations Contracts Buyers 36

Realvals

JULY 27, 2022

As a real estate appraiser in California, I often hear this question, and the answer is almost always the same. It’s the client who pays for the home appraisal. Home appraisal process. The home appraisal process will differ depending on what you need the appraisal for.

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Appraisal Inspection Real Estate Buyers 78

Realtor

DECEMBER 4, 2019

ftwitty/iStock When you’re considering buying a house, there are two sides to the story: the seller’s asking price and the actual value of the property. This is where an appraiser steps in. A real estate appraisal can let you know whether the amount being asked is a fair purchase price. Who pays for the appraisal?

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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. It is written for real estate agents and has general information on appraisal at the beginning.

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Appraisal Construction Contracts Architecture 78

Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. The contract price and appraisal value will need to line up or the buyer will not be able to get a loan to pay for the property.

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The Robert Weiler Company

APRIL 20, 2021

,” you must go through the meticulous process of business valuation. Much like a commercial real estate appraisal , there is an underlying economic analysis for business valuation. As with property value in commercial real estate appraisals, a business’s worth can be determined in several ways.

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Valuation Business Buyers Market Value 147

Realtor

DECEMBER 4, 2019

ftwitty/iStock When you’re considering buying a house, there are two sides to the story: the seller’s asking price and the actual value of the property. This is where an appraiser steps in. A real estate appraisal can let you know whether the amount being asked is a fair purchase price. Who pays for the appraisal?

Appraisal 78

Appraisal Real Estate Inspection Property Appraisal 78

Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. However, these restrictions may also limit modifications, potentially affecting the property’s market appeal.

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Appraisal Contracts Training Architecture 81

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. What appraisers do. But never fear.

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Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. What appraisers do. But never fear.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Appraisal Today

OCTOBER 6, 2023

As this property data collector thing moves along, there continues to be no legitimate reason for Fannie Mae’s motivation to push this so hard other than they want the valuation process fully automated and can pay $25 for an untrained inspector to view a home. It shows a fundamental lack of understanding of what appraisers do.

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Appraisal Contracts Real Estate Mortgage 78

AmeriMac

JANUARY 3, 2022

An appraisal contingency takes this idea one step further, offering a wide array of benefits that cannot be ignored. Why Are Home Appraisals Important? First, it’s important to come to a better understanding of the function that home appraisals serve in the real estate process.

Appraisal 36

Appraisal Buyers Sellers Contracts 36

AmeriMac

JANUARY 3, 2022

An appraisal contingency takes this idea one step further, offering a wide array of benefits that cannot be ignored. Why Are Home Appraisals Important? First, it’s important to come to a better understanding of the function that home appraisals serve in the real estate process.

Appraisal 36

Appraisal Buyers Sellers Contracts 36

Clear Capital

DECEMBER 21, 2022

As an appraisal quality leader and former field appraiser, I know firsthand that working in the real estate appraisal industry can be a wild ride. Due to emerging shifts in the mortgage loan market, there is a heightened sense of urgency to review the conventional loan appraisal guidelines. .

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Appraisal Bracketing Clients Market Value 69

Clear Capital

SEPTEMBER 29, 2021

Then they dive into Freddie Mac’s long-anticipated research paper, “ Racial and Ethnic Valuation Gaps In Home Purchase Appraisals.” ” Jeff’s Real Estate Joke of the Pod gives us a buyer’s-eye view of today’s real estate market. Watch ClearCast E19. Jeff Allen.

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Sellers Agents Real Estate Buyers 69

Appraisal Today

SEPTEMBER 9, 2022

For example, you don’t want your appraisal for the executor being used by a beneficiary down the road to sell the property to someone. So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.” The appraisal should not be used for any other purpose.”

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