Cleveland Appraisal Blog

FEBRUARY 7, 2023

It’s common practice for floor plans that aren’t used in appraisals to be drawn to scale using only internal dimensions, but by using outside measurements, we can account for more space. Your annual property taxes may go down if the value of your home is significantly lower than what it was initially estimated to be.

Real Estate Agent 289

Real Estate Agent Property Taxes Real Estate Appraisal 289

Housing Wire

DECEMBER 22, 2020

They’ll send out an appraiser, who will analyze the property and local market to assess its worth. If the appraisal comes in lower than that amount, you’ll need to renegotiate or make up the difference in cash. It shows the seller you’re serious about their property, and usually amounts to about 2% of the home price.

Mortgage 421

Mortgage Property Taxes Loan Officers Sellers 421

Will Springer Realtor

MARCH 7, 2023

Residential property is assessed each year at its full market value, which is defined as the amount a buyer, willing but not obligated to buy, would pay to a seller willing but not obligated to sell. A large part of each property tax dollar goes to pay off construction bonds for school buildings and other public projects.

Property Taxes 36

Property Taxes Market Value Real Estate Government 36

McKissock

MARCH 28, 2023

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. As part of our monthly survey series, we asked real estate appraisers, “What type of non-lending appraisal work are you MOST interested in pursuing?

Lending 99

Lending Appraisal Property Taxes Training 99

Quicken Loans

NOVEMBER 9, 2021

Current VA loan seller policies around concessions could also make the program even more attractive to eligible active duty service members, veterans and their surviving spouses. Before we go any further, let’s stop the record for a second and go over what a seller concession is. Seller Concessions Basics. The 4% Rule.

Sellers 53

Sellers Property Taxes Insurance Buyers 53

Boston Appraisal

AUGUST 17, 2023

Appraisals are often a crucial part of real estate transactions, litigations, taxes, and estate planning. However, in the course of obtaining an appraisal or while reviewing an appraisal, it may be necessary to verify the reliability, credibility, and accuracy of an appraisal report.

Clients 78

Clients Appraisal Market Value Property Taxes 78

Appraisal Today

SEPTEMBER 22, 2023

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.

Appraisal 89

Appraisal Training Inspection Real Estate 89

Appraisal Hub

MAY 17, 2023

One day you’re optimistic because you met a seemingly committed buyer at the open house or showing, and the next day you’re frustrated because they changed their mind or didn’t follow through. Mistake #1: Over- or under-pricing If you price your home incorrectly, your home may become less attractive to potential buyers.

Inspection 78

Inspection Property Taxes Real Estate Agent Buyers 78

Cleveland Appraisal Blog

APRIL 21, 2022

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.

Market Value 350

Market Value Appraisal Agents Real Estate Agent 350

Birmingham Appraisal

JUNE 7, 2023

Appraisers Helping Accountants In the realm of real estate transactions, residential appraisers play an important role in providing accurate valuations. Their expertise goes beyond helping buyers and sellers determine accurate market value.

Real Estate 64

Real Estate Appraisal Valuation Legal 64

Movoto

APRIL 8, 2024

After submitting an offer on a home you plan to purchase, a few things might happen – once an offer is accepted (typically, after negotiations but not always), real estate sales agreements come into effect between buyers and sellers. Should the buyer breach the contract (e.g., Property Identification. Parties Involved.

Contracts 36

Contracts Real Estate Property Taxes Legal 36

Lamacchia Realty

SEPTEMBER 20, 2023

EVERYTHING YOU NEED TO KNOW ABOUT CLOSING COST CREDITS Buyers , sellers , and sometimes even real estate agents get confused with how closing cost credits work. Closing cost credits are a great tool to help buyers pay their closing costs and have more money after closing. This enables the buyers to bring less money to closing.

Sellers 61

Sellers Buyers Property Taxes Inspection 61

East Coast Appraisal

FEBRUARY 23, 2022

A commercial property appraisal has numerous benefits to all players in the real estate industry. Property owners, sellers, renters, buyers, and even mortgage companies can all benefit from commercial property appraisals. Below are some reasons to commission commercial property appraisals.

Property Appraisal 52

Property Appraisal Appraisal Real Estate Property Taxes 52

Birmingham Appraisal

MAY 21, 2024

Strategies for Evaluating Home Value: What Buyers Need to Know When it comes to purchasing a home, understanding the various factors that affect its value is important. Key Factors For Buyers to Consider 1. Property Size and Usable Space The square footage of a property and how that space is used can greatly affect its appraisal value.

Home Value 68

Home Value Architecture Renovations Real Estate 68

AmeriMac

APRIL 15, 2024

When it comes to buying, selling, or refinancing a home, one important step in the process is getting a home appraisal. A home appraisal is a professional estimate of a home’s value and plays a crucial role in determining the market value of the property. So let’s dive in and explore the world of home appraisals.

Appraisal 36

Appraisal Appraisal Process Real Estate Renovations 36

AmeriMac

MARCH 18, 2021

Regardless of whether you’re purchasing a new house or revamping your mortgage, getting an appraisal is a critical part of the process. During a home appraisal, a professional determines your home’s worth before putting it on the market. The appraisal fee may also differ based on the consumer bank you choose.

Appraisal 36

Appraisal Property Taxes Buyers Sellers 36

AmeriMac

MARCH 18, 2021

Regardless of whether you’re purchasing a new house or revamping your mortgage, getting an appraisal is a critical part of the process. During a home appraisal, a professional determines your home’s worth before putting it on the market. The appraisal fee may also differ based on the consumer bank you choose.

Appraisal 36

Appraisal Property Taxes Buyers Sellers 36

AmeriMac

NOVEMBER 30, 2023

Commercial Real Estate Appraisal is a crucial process that helps determine the value of commercial properties. We will also delve into the critical methods used for commercial property appraisal and discuss how accurate these appraisals are. Who conducts Commercial Real Estate Appraisals?

Appraisal 36

Appraisal Real Estate Appraisal Process Inspection 36

Raleigh Realty

AUGUST 17, 2021

Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is going to be regarding Due Diligence, Due DIligence fees, and Earnest Money in North Carolina Real Estate. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

AmeriMac

APRIL 15, 2023

At some point, you may need to have a commercial real estate appraisal done as it plays a critical role in many aspects of the commercial real estate industry. In this blog, we will cover what a commercial real estate appraisal is, how it differs from residential appraisals and the different types of commercial real estate appraisals.

Real Estate 36

Real Estate Appraisal Property Taxes Valuation 36

Lamacchia Realty

MARCH 17, 2023

Understanding the difference between these two values can help you make informed decisions when it comes to buying or selling a property Assessed Value Assessed value is a value that is assigned to a property by the local government for taxation purposes.

Market Value 74

Market Value Marketing Real Estate Agent Real Estate 74

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer.

Contracts 143

Contracts Tenants Legal Sellers 143

Round Rock Appraisal

MARCH 28, 2015

An appraisal of property serves the benefit of both the seller and the buyer. This not only makes sure the price listing for the property is fair but also to insure the buyer isn’t overpaying. Cash buyers are not looking into financing, but caution is still be practiced. Property Taxes.

Buyers 36

Buyers Appraisal Renovations Property Taxes 36

AmeriMac

MARCH 18, 2021

Regardless of whether you’re purchasing a new house or revamping your mortgage, getting an appraisal is a critical part of the process. During a home appraisal, a professional determines your home’s worth before putting it on the market. The appraisal fee may also differ based on the consumer bank you choose.

Appraisal 28

Appraisal Property Taxes Buyers Sellers 28

Rowe Appraisal Group

MAY 6, 2020

I recently came across this great graphic by Title Source that goes through the home appraisal process and the appraisal basics. It briefly discusses what an appraisal is, why it is necessary, what appraisals are based on, what homebuyers need to know, appraisal myths and truths, etc.

Appraisal 36

Appraisal Appraisal Process Real Estate Training 36

Rowe Appraisal Group

MAY 6, 2020

I recently came across this great graphic by Title Source that goes through the home appraisal process and the appraisal basics. It briefly discusses what an appraisal is, why it is necessary, what appraisals are based on, what homebuyers need to know, appraisal myths and truths, etc.

Appraisal 36

Appraisal Appraisal Process Real Estate Training 36

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. After all, it is a detailed activity that can look different depending on the scope and nature of your property.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

PennyMac

FEBRUARY 13, 2024

Did you know, however, that there may be another financing option that could possibly benefit both the buyer and the seller under the right circumstances? That still leaves $27,520 that must be paid in cash to the seller, which you can settle during the loan assumption transaction, much like a traditional down payment.

Mortgage 53

Mortgage Sellers Buyers Finance 53

The Robert Weiler Company

SEPTEMBER 9, 2022

With a land contract, the seller provides the land buyer with the loan, instead of an institution. The loan is structured for the buyer to pay a down payment and repay the seller in installments. You must perform land buyer’s due diligence. Current Property Taxes. Historic Property Tax Bills.

Real Estate 78

Real Estate Buyers Contracts Development 78

AmeriMac

MAY 15, 2021

With so much on the line, choosing an experienced appraisal service that can determine an accurate value is a must. Of course, this begs the question: is property appraisal an art or a science? Property appraisal should involve a little bit of both. The Science of Property Appraisals. The answer?

Property Appraisal 36

Property Appraisal Appraisal Real Estate Property Taxes 36

AmeriMac

MAY 15, 2021

With so much on the line, choosing an experienced appraisal service that can determine an accurate value is a must. Of course, this begs the question: is property appraisal an art or a science? Property appraisal should involve a little bit of both. The Science of Property Appraisals. The answer?

Property Appraisal 36

Property Appraisal Appraisal Real Estate Property Taxes 36

AmeriMac

MAY 15, 2021

With so much on the line, choosing an experienced appraisal service that can determine an accurate value is a must. Of course, this begs the question: is property appraisal an art or a science? Property appraisal should involve a little bit of both. The Science of Property Appraisals. The answer?

Property Appraisal 36

Property Appraisal Appraisal Real Estate Property Taxes 36

Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. Whether you are buying, selling, or refinancing, an appraisal helps you make well-informed decisions in the process.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

AmeriMac

MARCH 25, 2021

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. How Long Does a Home Appraisal Take?

Appraisal Process 36

Appraisal Process Appraisal Property Taxes Buyers 36

AmeriMac

MARCH 25, 2021

No matter if you’re planning to put your home for sale or refinancing your mortgage, lenders , sellers, and buyers alike need to get professional appraisers to help determine the real value of a home. Unfortunately, working with licensed appraisers can be a difficult task. How Long Does a Home Appraisal Take?

Appraisal Process 36

Appraisal Process Appraisal Property Taxes Buyers 36

Simonson Real Estate

FEBRUARY 26, 2021

Simonson Appraisals had a unique opportunity to do a deep dive in 2020 to develop an understanding of the impact of multiple factors affecting the Minneapolis apartment market. Our firm appraised a portfolio of apartment buildings in the Loring Park neighborhood in March 2020 two weeks after COVID-19 was announced as a global health pandemic.

Landlords 117

Landlords Tenants Buyers Development 117

PennyMac

JUNE 28, 2022

At the most basic level, your closing costs are any costs or fees that go over the price for the property you’re purchasing. More specifically, closing costs are fees that you (as the buyer) will pay to third parties who have performed services for purchasing your home. Closing costs can apply to both the buyer and seller.

Insurance 36

Insurance Property Taxes Sellers Inspection 36