Appraisal Buzz

MARCH 25, 2024

I recently got curious about the word ‘analysis’ As an appraiser, I use this word frequently. I found the etymology of this word, as well as its antonym, very helpful in conceptualizing what appraisal analysis really is. Of course, this applies to the work of real estate appraisal as well.

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Sellers Appraisal Real Estate Buyers 379

Housing Wire

JUNE 11, 2021

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. What matters is whether or not the defects are deal-breakers to you, the buyer.

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Inspection Appraisal Buyers Appraisal Process 432

Cleveland Appraisal Blog

JUNE 17, 2022

When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. In other words, how long will the improvements contribute value to the land?

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Appraisal Development Market Value Tenants 279

Boston Appraisal

FEBRUARY 11, 2024

Introduction Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Leveraging Market Data The appraisal process begins with a thorough analysis of market data, focusing on sales of properties that share historical or antique characteristics.

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Appraisal Renovations Architecture Appraisal Process 147

Cleveland Appraisal Blog

FEBRUARY 16, 2024

I know most of my readers are interested in appraisal and real estate-related topics. FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. To lump them all together can lead to some misconceptions about value. Is this misleading?

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Appraisal Market Value Real Estate Clients 406

Cleveland Appraisal Blog

APRIL 21, 2022

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.

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Market Value Appraisal Agents Real Estate Agent 350

McKissock

DECEMBER 14, 2021

Property appraisers don’t dictate what the value is. We merely research and analyze market data to interpret and then report what the market says the value is. Many years ago, an appraiser friend (Ben was his name) asked me to go along on a challenging appraisal assignment to aid in data collection.

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Market Value Marketing Property Appraisal Appraisal 80

Appraisal Buzz

OCTOBER 12, 2021

For many different reasons, properties can come on the market in less-than-par condition. The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. At some point it’s no longer “normal market value minus cost to cure equals as-is value.”

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Appraisal Market Value Sellers Investing 195

Realtor

SEPTEMBER 19, 2023

Getty Images Home appraisals are a piece of the selling process where you may have to let go of the reins. Lenders often require the use of their own, FHA-approved home appraiser. That means you get zero say in who’s determining the financial value of the home you’ve lived in, loved, and sunk your savings into.

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Appraisal Sellers Real Estate Agent Appraisal Process 194

Appraisal Buzz

AUGUST 16, 2021

Like many busy appraisers, I can spend a lot of time in my own little world just trying to keep my head above water. Trying to meet deadlines, keep my clients informed, and put out a quality product in this busy market is enough to make my head spin. Herein lies the appraisal gap. This is true, but the value of what.

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Market Value Buyers Appraisal Sellers 448

Lamacchia Realty

MARCH 17, 2023

WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property.

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Market Value Marketing Real Estate Agent Real Estate 74

Birmingham Appraisal

MAY 1, 2024

Home Renovations and Appraisal Value As an appraiser, I get asked about how much value will be added for different types of home projects or renovations. Appraisers are able to do what is referred to as a “ subject to appraisal ” by looking at the scope of work that owners may want to do.

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Renovations Appraisal Real Estate Agent Construction 75

Padove Appraisal Service

FEBRUARY 24, 2023

There are several reasons why someone may want to get a real estate appraisal: Buying or selling a property: If you are buying or selling a property, an appraisal can help determine its fair market value, which can be useful in negotiations and setting a listing price.

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Appraisal Property Taxes Insurance Market Value 148

Empire Appraisal Group

OCTOBER 19, 2023

Why you should get an appraisal before you list a home for sale. Getting your home appraised before listing it for sale is a wise decision that can benefit both sellers and buyers in the real estate market. Avoid Overpricing : Overpricing a home can deter potential buyers and lead to a property languishing on the market.

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Appraisal Real Estate Sellers Buyers 78

Empire Appraisal Group

OCTOBER 5, 2023

What is a Date of Death Appraisal? A date of death appraisal, also known as a “valuation as of the date of death” is a type of real estate or personal property appraisal that determines the fair market value of assets as of the date a person passed away.

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Appraisal Market Value Valuation Law 78

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

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Appraisal Real Estate Real Estate Agent Contracts 76

Appraisal Hub

NOVEMBER 30, 2023

Whether you’re considering selling your home, refinancing your mortgage, or simply looking to understand your property’s market value, a professional residential appraisal is the key. Appraisal companies in Toronto, such as Appraisal Hub Inc., Companies like Appraisal Hub Inc.,

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Appraisal Property Taxes Valuation Market Value 78

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. An appraiser may miss that sale through no fault of their own. ACCURATE DATA.

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Agents Appraisal Renovations Development 374

Appraisal Hub

SEPTEMBER 8, 2023

One crucial step that often goes unnoticed by many prospective homeowners is the mortgage appraisal. Let’s delve into the significance of mortgage appraisals and how professional appraisers and reputable appraisal firms can make a difference. An accurate appraisal ensures that the lender can recoup their investment.

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Appraisal Mortgage Mortgage Appraisal Market Value 78

Cleveland Appraisal Blog

JUNE 18, 2022

This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. Appraising property in an eminent domain case requires unique expertise and skills. Appraising property in an eminent domain case requires unique expertise and skills.

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Appraisal Law Development Valuation 309

DataMaster

APRIL 6, 2021

What is an home appraisal? Why Didn’t My Home Appraise Higher? Appraisals can be confusing. A friend (I’ll call him Art) recently had his home appraised. When the appraisal came back, he was shocked to see that his home appraised for less than two homes nearby that had recently sold.

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Appraisal Appraisal Process Buyers Legal 158

Miller Samuel

NOVEMBER 30, 2018

My friend and appraisal colleague Ryan Lundquist and I authored a petition on change.org to point out the growing wreckless behavior that is enveloping the mortgage process. There’s a proposal from the FDIC, Federal Reserve, and Treasury Department not to require appraisals for some mortgages under $400,000. Ever heard of straw buyers?

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Appraisal Inspection Real Estate Agent Agents 300

Appraisal Buzz

SEPTEMBER 26, 2022

This article was originally published in the latest edition of the Fall 2022 Appraisal Buzz Magazine! Once upon a time, there was a rich nation which valued many things. They all liked value. They were able to get others to declare the value as fair, but some valued fair as high as possible. They found liar buyers.

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Market Value Sellers Buyers Finance 321

Cleveland Appraisal Blog

DECEMBER 2, 2021

One appraiser reports a driveway to be two cars in size. It really depends on how the appraiser is looking at it. WHAT MOST APPRAISERS REFLECT. Most appraisers reflect the width of the driveway. If the appraiser is reporting the width, this can lead to other questions. They may all be correct!

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Appraisal Buyers Market Value Real Estate Agent 243

Appraisal Hub

AUGUST 13, 2021

Most people approach an appraisal company in Toronto when preparing to buy or sell a home. Understanding the appraisal process is important if you want to get the most from it. Here’s a short guide on the basics you need to know about residential appraisal services and working with an appraiser. Appraisal Hub Inc.

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Appraisal Property Appraisal Market Value Sellers 78

Cleveland Appraisal Blog

JANUARY 19, 2023

The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value. What do these things indicate? That is not always a simple task.

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Appraisal Buyers Transportation Real Estate 284

The Robert Weiler Company

SEPTEMBER 18, 2022

When there is land for sale – whether raw acreage, commercial property, or residential – a land appraisal is the key component of the process. Any loan for a property is based on the appraisal value. As a land buyer, owner, or seller, understanding the true market value of the real estate in question is important.

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Appraisal Valuation Real Estate Market Value 78

AmeriMac

APRIL 30, 2024

Commercial real estate appraisals are an integral part of buying or selling commercial properties. 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.

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Appraisal Appraisal Process Valuation Real Estate 36

Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. A real estate appraisal is a process of determining the market value of a property.

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Real Estate Appraisal Marketing Market Value 83

Birmingham Appraisal

AUGUST 8, 2023

What are the Benefits of Getting a Pre-Listing Appraisal? Well, here’s a secret tip that can give you a competitive edge in the real estate market: Consider getting a pre-listing appraisal before putting your home up for sale. Set the price too high, and you risk scaring away potential buyers.

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Appraisal Buyers Real Estate Investing 75

Boston Appraisal

NOVEMBER 6, 2020

If you decide to take advantage of these all-time low rates, your lender will most likely order an appraisal. What happens if the new appraisal is less than original one? Before you assume the appraiser made a mistake, let’s look at three reasons why a new appraisal could come in low. The appraiser looks like the bad guy.

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Appraisal Market Value Real Estate Sellers 148

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. On many of my appraisals at that time, my opinion of value would not support the contract price. Don’t drink the Kool-Aid that any contract price is reflective of market value.

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Inventory Market Value Appraisal Contracts 243

Cleveland Appraisal Blog

JUNE 25, 2021

What is the primary reason a newly built home has a higher market value than the same home that is older? Simply stated, it is loss in value. What do they indicate and how do appraiser’s measure depreciation? It is an improvement in which there is little if any return in value for the cost of the improvement.

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Market Value Appraisal Marketing Buyers 244

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

Appraisal Hub

MARCH 19, 2023

A home appraisal in Toronto is necessary when applying for a mortgage, refinancing, or selling your house. This appraisal will give you critical information to help you make informed choices and understand the true value of the asset. Keep reading to find out more about its significance and understand the appraisal process.

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Appraisal Property Appraisal Sellers Mortgage Appraisal 78

Appraiserblogs

NOVEMBER 11, 2022

It is gratifying when appraisers are correct, and the AVMs burn; unless you invested in their stocks. As an appraiser since the 80s, I have yet to find a computer that can tell me if I want vanilla or chocolate ice cream. Does the buyer want more acres, or less grass to cut? Tax Values Just as Accurate as AVMs?

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Appraisal Valuation Lending Investing 110

Boston Appraisal

OCTOBER 8, 2022

In recent years, it has become common for lenders to obtain hybrid appraisals. While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report.

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Appraisal Inspection Appraisal Process Valuation 135