Birmingham Appraisal

AUGUST 30, 2023

Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale. However, it’s not uncommon for homeowners to be disappointed when the appraisal value doesn’t match their expectations. If you liked this post subscribe by email (or RSS feed ).

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Birmingham Appraisal

DECEMBER 19, 2023

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. Most agents put together this information for potential buyers so why not share it with the appraiser?

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Birmingham Appraisal

APRIL 11, 2023

In today’s market where so much information is available online, it’s important to put in the research upfront when pricing a home because we know buyers do and they will know when a listing is overpriced. Today I’m going to share my top tips for choosing comps from an appraiser’s perspective.

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Appraisal Today

DECEMBER 1, 2023

B) Buyer Behavior … C) School System … To read lots more, plus maps and many appraiser comments, Click Here ————————————————————————— Why Comp Photos in Appraisals? Acre lot.

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Will Springer Realtor

OCTOBER 19, 2021

Not all home appraisals – and those who conduct them – are created equal. The home is under contact, seller and buyer have agreed to terms. Buyer is financing the purchase through a mortgage lender and the underwriter wishes to confirm the value of the home before issuing the loan. (No Home Appraisal Tips for Buyers ).

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Genworth MI Blog

FEBRUARY 18, 2021

To relieve some of the stress, savvy loan officers educate their borrowers on what to expect from an appraisal inspection and how to prepare. Since appraisal inspections in the current environment may be in-person or virtual, there are many tips to help your borrower prepare for the appraisal. Subscribe now!

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Birmingham Appraisal

AUGUST 3, 2022

Appraisers study the behavior of buyers to understand their motivations and then they measure the effects of that motivation on what buyers are willing to pay for a house. One way for the appraiser to understand buyer motivation is to know exactly what factors they considered when purchasing a home.

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Chicagoland Appraisal Blog

JULY 13, 2017

You can employ his strategy which is to offer to make up any shortfall in the appraisal with cash from the buyer to pay the seller, go with a new lender, appeal the appraisal which hardly ever works unless there factual errors as suggested by Mr. Goldberg or might I suggest an ounce of prevention is worth a pound of cure as quoted by….

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Boston Appraisal

NOVEMBER 6, 2020

Reason #1: The Range of Value The primary reason appraisals differ is because, in reality, real estate appraisals are designed to provide a range of value rather than one set price. A real estate appraisal measures the actions of typical buyers and sellers in the marketplace and rarely do two buyers offer the same exact amount.

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Chicagoland Appraisal Blog

APRIL 11, 2021

They even go on to say a Zestimate is not a home appraisal and encourage buyers and sellers to get a house appraisal: “The Zestimate’s accuracy depends on location and the availability of data in an area. The Zestimate is not an appraisal and it should be used as a starting point.

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Appraisal Today

JULY 21, 2023

This likely has to do with the cost of building a pool, cost of maintaining a pool, and even larger parcels at higher ranges – not to mention buyers at higher price points expecting a pool more often. In contrast, pools hardly exist in some locations, so it’s less of a factor because buyers don’t expect a pool.

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Chicagoland Appraisal Blog

JANUARY 21, 2020

What’s more, a proper appraisal will identify and should apply the costs associated with these upgrades in the appraisal of the home. A new kitchen is great, but if the roof leaks or you can’t heat it, you’re going to have some unhappy home buyers. . and that is extra equity for the homeowner.

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Birmingham Appraisal

AUGUST 23, 2022

It’s important to remember this because a comp is considered to be a similar but different alternative for a potential buyer. Buyers will take this into consideration when they make an offer on a house and they will factor in the cost to fix these items, which can make their offer lower.

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McKissock

OCTOBER 29, 2021

In addition to the top twelve most common tips listed above, appraisers also shared the following advice for newcomers to the profession: “Trust your instincts.” ” “Listening to buyers is knowing the market.” ” “Specialize in types of appraisals and/or geographical regions.

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