Remove Appraisal Remove Buyers Remove Property Taxes Remove Real Property
article thumbnail

How to reduce appraisal turn times and improve the borrower experience

Housing Wire

As the appraisal industry struggles to meet demand, Voxtur has developed a solution to streamline the process. HousingWire: What can the industry at large do to support the work of appraisers right now? HousingWire: What can the industry at large do to support the work of appraisers right now? This is misguided.

Appraisal 397
article thumbnail

Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Often personal ideas of value are different than market value because the value is in the eyes of the beholder, which does not account for the entire market of potential buyers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NAR Member Survey on Appraisal Data Collectors

Appraisal Today

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today.

article thumbnail

What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

In real estate, buyers and sellers must be knowledgeable to make informed decisions. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer. The agreement is solely between the buyer and the seller, and there is no bank or lender involved.

Contracts 143
article thumbnail

Appraisals and Valuation Concerns in the Current Market

Simonson Real Estate

Since the onset of COVID, market data remains sparse for certain property types. Over the past two months, I’ve participated as a panel moderator or speaker on several commercial real estate webinars and live events with Bisnow, Minnesota Real Estate Journal (MREJ) , NAIOP , and Minnesota Real Estate Exchangors (MREE).

Valuation 130
article thumbnail

Commercial Real Estate Appraisal and Valuation in the Time of Covid-19: What Is the New Normal?

Simonson Real Estate

Despite these radical changes, the business of America carries on, somehow, some way, including commercial real estate appraisal work. How has COVID-19 affected the appraisal process and the values of the various markets and submarkets of commercial real estate? Mitchell Simonson , Founder, Simonson Appraisals.

Valuation 146
article thumbnail

Uncertain future, forgetting the past

Annarbor Appraisal

On 3/23/20, Governor Gretchen Whitmer announced a “stay at home” order affecting all non-essential businesses, which included real estate showings. Buyers, sellers, and the Realtors who work with them are adaptable, and some transactions have continued via virtual showings. What about property taxes and their effect on affordability?

Buyers 78