Chicagoland Appraisal Blog

MAY 13, 2021

Your home may be your favorite place to be, but it’s also an investment. Like any other investment, you want to know its value with some reliable degree of accuracy. A home appraisal is an unbiased opinion of a home or property’s value. The Value of a Home Appraisal. What Is the Home Appraisal Process?

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East Coast Appraisal

SEPTEMBER 12, 2022

Assuming your PMI agreement is eligible and your payments are current, you can move forward with the appraisal process to prove your loan-to-value ratio. . Buying a home remains one of the best investments available today. An appraisal might find that the house is now worth $250,000. When You Finish Renovations.

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East Coast Appraisal

AUGUST 22, 2023

An appraisal can help you determine the fair market value of your property, negotiate a better deal, or secure a favorable loan. However, getting an appraisal is not as simple as calling an appraiser and scheduling a visit. Discover some tips on how to prepare for a commercial property appraisal.

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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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AmeriMac

APRIL 30, 2024

These appraisals provide an unbiased estimation of a property’s value, taking into account various factors such as location, condition, size, and recent sales of similar properties in the area. Lenders and investors also rely on commercial appraisals to make informed decisions about financing and investments.

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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. Every home is different.

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Simonson Real Estate

DECEMBER 6, 2022

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. Lenders, what’s in it for you?

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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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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. What has your experience been navigating the appraisal process? Value Scenarios.

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AmeriMac

NOVEMBER 30, 2023

These appraisals are valuable tools for property owners, investors, and lenders, helping them make informed decisions about sales, refinancing, property tax assessments, and estate planning. Who conducts Commercial Real Estate Appraisals? The property inspection is a crucial step in the commercial appraisal process.

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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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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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Real Quantum

JANUARY 7, 2023

What is a Commercial Real Estate Appraisal? For everyone that might not be familiar, here is a quick explanation of the commercial real estate appraisal. Commercial Appraisal Process. Commercial real estate appraisal is the process of determining the value of a piece of commercial property.

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D Fritz Appraisals

OCTOBER 11, 2022

Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Home appraisals are not just for when someone is buying or selling a home for themselves however, they are also important for: New construction loans. Renovation loan assessments.

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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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AmeriMac

JUNE 6, 2022

A home appraisal typically involves an inspector coming to the home to assess the property value. 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. Why Do I Need a Home Appraisal?

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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. For the purpose of this article, we’ll mostly stick to the word “appraisal.”.

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AmeriMac

JUNE 14, 2021

You may need a commercial appraisal if your property is being sold, mortgaged, taxed, insured or developed. What Happens During a Commercial Real Estate Appraisal? Estimating value for a construction or renovation project. What Happens During the Commercial Appraisal Process? Appealing a tax assessment. Conclusion.

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AmeriMac

JUNE 14, 2021

You may need a commercial appraisal if your property is being sold, mortgaged, taxed, insured or developed. What Happens During a Commercial Real Estate Appraisal? Estimating value for a construction or renovation project. What Happens During the Commercial Appraisal Process? Appealing a tax assessment. Conclusion.

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AmeriMac

JUNE 14, 2021

You may need a commercial appraisal if your property is being sold, mortgaged, taxed, insured or developed. What Happens During a Commercial Real Estate Appraisal? Estimating value for a construction or renovation project. What Happens During the Commercial Appraisal Process? Appealing a tax assessment. Conclusion.

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Housing Wire

JANUARY 19, 2022

To be eligible for a desktop appraisal, according to Fannie Mae , the loan must be a purchase transaction, secured by a one-unit principal residence and have a loan-to-value ratio of no more than 90%. FHFA suggested that hybrid appraisals could also speed up the appraisal process and reduce costs.

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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. What Is Appraisal Review?

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Realvals

JUNE 18, 2023

In some cases, if you and your spouse cannot reach an agreement on the value of your shared property, a court may require a professional appraisal. Investment Analysis Whether you are a single-family, multi-family, or even commercial investor, you could benefit from an appraisal.

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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? Of the 22 remodeling projects in the report, 11 are exterior replacement projects, and all of these rank within the top 12 projects with the highest ROI.

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Raleigh Realty

FEBRUARY 19, 2022

If the buyer defaults on their mortgage payments, the lender is stuck with an overpriced home that will not deliver a strong return on investment when they sell. Home appraisals are also ideal for buyers because it determines if the seller is asking for more money on a home than the home is worth.

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Quicken Loans

JUNE 10, 2021

Recent statements from your investment portfolio, including retirement, stock and bonds accounts. You want to make sure you have enough money every month for savings, emergencies, investments and other expenses. Going out and looking at homes is usually the part of the mortgage process that’s the most fun. Start House Hunting.

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The Robert Weiler Company

SEPTEMBER 16, 2021

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. Residential vs. Commercial Property Appraisal and Their Differing Review Process.

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AmeriMac

MARCH 29, 2024

In this blog, we will explore everything you need to know about reverse mortgage appraisals, including the basics of how reverse mortgages work, the eligibility criteria for a reverse mortgage, the role of appraisals in the process, and the appraisal process itself. Let’s dive deeper into the details.

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PennyMac

JUNE 28, 2022

Renting puts money into a landlord’s pocket, but owning a home helps you increase the value of your investment over time. From renovations to additions, projects that increase the value of your home also help contribute to your home equity. Home equity is one of the main benefits of owning a home. Home improvement.

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Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. What are some of the benefits of desktop appraisals?

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DW Slater Company

FEBRUARY 24, 2022

As technology has evolved we have much greater access to data and appraisers are learning to adapt and use this technology. Many believe that the use of different data gathering tools and sources will help modernize the appraisal process.

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DW Slater Company

FEBRUARY 24, 2022

As technology has evolved we have much greater access to data and appraisers are learning to adapt and use this technology. Many believe that the use of different data gathering tools and sources will help modernize the appraisal process.

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