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. NO BLANK FIELDS.

Agents 380

Agents Appraisal Renovations Development 380

Cleveland Appraisal Blog

DECEMBER 24, 2022

Are you planning on renovating your home? What to Expect When Undertaking These 4 Common Home Renovation Projects. When home improvement gives way to major renovations, the implications can be more impactful than you might realize. Read on for some pointers from Cleveland Appraisal Blog. I hope you enjoy it!

Renovations 309

Renovations Appraisal Home Improvement Buyers 309

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. This is an important question to answer when appraising a property. Thanks for being here!

Appraisal 284

Appraisal Development Market Value Tenants 284

Housing Wire

DECEMBER 21, 2023

Benefits can include: No down payment Competitive interest rates No private mortgage insurance (PMI) Limited or no closing costs Funding fee waived for service-connected disabled veterans More favorable credit criteria Loan types There are a number of VA loan options to meet the needs of today’s veteran buyers, including purchase and refinance.

Mortgage 466

Mortgage Renovations Appraisal Process Finance 466

Empire Appraisal Group

JULY 27, 2023

Source: [link] Why Don’t More Buyers Consider a Fixer-Upper? In a time of rising housing costs, a fixer-upper offers more house for the money – but the iffy cost for renovations scares buyers already hurt by high interest rates. Bethesda, MD (301) 215-4688 The post Why Don’t More Buyers Consider a Fixer-Upper?

Buyers 78

Buyers Renovations Real Estate Agent Agents 78

Housing Wire

APRIL 20, 2021

Patrick, a first-time homebuyer, was competing with buyers who were waiving basic contingency requirements and/or putting in offers that far exceeded the seller’s asking price. After months of slogging through a string of disappointments, Patrick turned to a renovation loan and started looking at fixer-uppers. Already a member?

Renovations 468

Renovations Real Estate Agent Construction Buyers 468

Appraisal Buzz

APRIL 30, 2024

With the downturn in home sales, the challenges are multifaceted: Homeowners are holding onto low-interest rate mortgages instead of moving up, investors edging out traditional buyers with cash offers and first-time homebuyers facing steep affordability hurdles and bidding wars.

Marketing 195

Marketing Real Estate Agent Renovations Buyers 195

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Talking to your real estate agent or appraiser is also helpful to get a professional’s point of view. Hence, buyers do not expect to buy a home that is in perfect condition.

Renovations 221

Renovations Buyers Appraisal Investing 221

Housing Wire

JUNE 1, 2021

HUD plans to launch a “first-of-its-kind interagency effort” to combat inequity in appraisals , according to a White House press release. Why use several vendors for title searches, appraisals and underwriting when you can use one? The renovations would be on a budget, however. Streamline by combining services.

Renovations 516

Renovations Development Investors Legal 516

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.

Appraisal 312

Appraisal Law Development Valuation 312

Hank Miller Team

MAY 31, 2022

Appraising and being involved in real estate sales for over 30 years allows me to see epic "renovation" nightmares. The unfortunate side of this are the buyers who often expect their agent to flag issues. Will your agent spot renovation disasters? Buyers share the blame if they don't vet these agents.

Renovations 52

Renovations Agents Buyers Real Estate 52

Boston Appraisal

NOVEMBER 9, 2023

The effect that home improvements have on an appraisal can vary depending on the type of improvement, the quality of the work, and the local real estate market. What are some common home improvements that can increase appraisal values? What are some common home improvements that can increase appraisal values?

Home Improvement 78

Home Improvement Appraisal Renovations Real Estate 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.

Appraisal 75

Appraisal Real Estate Real Estate Agent Contracts 75

Realvals

JANUARY 15, 2017

There are always pros and cons with any home renovation. Renovation pros and cons also apply when it comes to home appraisals. Renovations give your home the added value, but never as much as you spent on the renovations in the first place. Homes sell higher than the appraised values all the time for many reasons.

Renovations 78

Renovations Appraisal Home Value Buyers 78

Inman

JANUARY 26, 2024

AI-driven, personalized listings will include an immersive virtual tour experience and data will be used not just for sales and marketing, but also restorations, renovations and appraisals.

Renovations 168

Renovations Appraisal Marketing Tools 168

Boston Appraisal

DECEMBER 11, 2023

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal process is important for homeowners, buyers and sellers.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Easement 78

Housing Wire

JUNE 10, 2021

To attract potential buyers, sellers have to make sure their home is aesthetically pleasing. After all, curb appeal is just as attractive to potential buyers as the indoor layout. Home improvements and renovations are also important to buyers. A concession is when the seller agrees to pay part of a buyer’s closing costs.

Sellers 546

Sellers Real Estate Agent Real Estate Decorating 546

Birmingham Appraisal

AUGUST 23, 2023

How Can Appraisers and Agents Work Together? In the often chaotic world of real estate, the appraiser-agent relationship can contribute to a smoother process. There are many areas that appraisers and agents can inform and educate one another so that each of their jobs is done more successfully.

Agents 82

Agents Appraisal Valuation Appraisal Process 82

Appraisal Buzz

MAY 13, 2022

Most foreclosure buyers are local community developers renovating and reselling to owner-occupants. appeared first on Appraisal Buzz. appeared first on Appraisal Buzz. Daren Blomquist of Auction.com takes a look at this market segment and others taking part in home auctions nationwide. appeared first on DSNews.

Renovations 150

Renovations Development Buyers Appraisal 150

Birmingham Appraisal

JUNE 21, 2023

Helping Agents Understand Appraisal Factors That Impact Home Sales In the world of real estate, accurate property valuation plays an important role in the home buying and selling process. Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions.

Real Estate Agent 75

Real Estate Agent Real Estate Agents Appraisal 75

Cleveland Appraisal Blog

DECEMBER 10, 2022

As a certified residential appraiser, I can tell you that while some of the things noted in this report can decrease value, they may not, so take these points with a grain of salt. Betty is not an appraiser. I can tell you that some buyers will certainly agree with these points! I’ll give my two cents at the end.

Appraisal 303

Appraisal Buyers Renovations Investing 303

Housing Wire

JULY 3, 2023

While the 30-year fixed-rate mortgages are the bread-and-butter products for PrimeLending (accounting for about 95% of origination volume), down payment assistance programs, renovation loans and temporary rate-buydowns have become popular options for buyers, Lugat noted.

Loan Officers 351

Loan Officers Marketing Retail Renovations 351

Kairos Appraisal Services

DECEMBER 16, 2021

There’s no doubt that 2021 was a hot real estate market, but there was another hot market this year, and that was the renovation market. This is a trend we will… The post Highest ROI: Top Home Renovations appeared first on Kairos.

Renovations 52

Renovations Inventory Real Estate Marketing 52

Appraisal Today

APRIL 5, 2024

Why an Organized Workfile is Your Best Defense By Craig Capilla Excerpts: We all know that the Uniform Standards of Professional Appraisal Practice (USPAP) set the baseline for what must be included in a workfile. Still, all too many appraisers seek only to meet that minimum standard and little more. Newer appraisers are lucky.

Appraisal 76

Appraisal Contracts Business Construction 76

Birmingham Appraisal

OCTOBER 29, 2023

Avoid These Property Pitfalls To Ensure Your Home Appraises For Top Dollar It’s that time of year when we don our spookiest costumes and tell spine-tingling tales of haunted houses and things that go bump in the night. An outdated home can send your appraisal plummeting faster than a witch on a broomstick.

Appraisal 76

Appraisal Real Estate Decorating Buyers 76

East Coast Appraisal

AUGUST 11, 2022

If you wish to buy or sell a home, you have most probably come across the term real estate appraisal — the process of estimating the value of a property. ?. But in addition, you may have heard some misconceptions about appraisals. Find out the top real estate appraisal myths. Home Appraisal Is Only Beneficial to the Buyer.

Real Estate 52

Real Estate Appraisal Renovations Market Value 52

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.

Appraisal 148

Appraisal Market Value Real Estate Sellers 148

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” Thank you to the large number of appraisers who shared their input! Because of where buyers want to live. That determines value.

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Cleveland Appraisal Blog

APRIL 29, 2021

Welcome to Emily Miller , who wrote this piece for the Cleveland Appraisal Blog. What Home Appraisers Look For. Let’s talk about what home appraisers look for, in my experience. Any repairs that can be made without requiring an extensive renovation should be made, it’s a great move to ensure a higher value. Outdoor space.

Appraisal 252

Appraisal Investing Buyers Renovations 252

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.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

Housing Wire

FEBRUARY 28, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. I had one home recently that needed major cosmetic renovations and it ended up get-ting multiple offers, so it is still super competitive here,” she said. Annapolis, Maryland. Manchester, New Hampshire. “We

Housing Market 395

Housing Market Marketing Buyers Agents 395

Housing Wire

MAY 20, 2022

Today, homes are selling faster than usual because of the shortage of inventory and high buyer demand. If your house is priced too high, it will turn buyers off, but if it’s too low, people may wonder what’s wrong with it. A professional appraiser or real estate agent can help you figure out how much to list your home for.

Real Estate Agent 418

Real Estate Agent Tenants Real Estate Agents 418

D Fritz Appraisals

OCTOBER 11, 2022

How Home Appraisers Decide on the Value of Your Property. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market.

Appraisal 106

Appraisal Inspection Property Taxes Easement 106

Birmingham Appraisal

FEBRUARY 28, 2023

Homeowners, Don’t Make These Appraisal Mistakes When Selling Your Home As a real estate appraiser, I have seen many mistakes that sellers make during the appraisal process. These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price.

Sellers 78

Sellers Real Estate Appraisal Appraisal Process 78

East Coast Appraisal

FEBRUARY 28, 2022

Then, property appraisals are an opportunity for an appraiser to check your home's quality, condition, amenities, location, and other special features that affect its value. Read on to learn some of the key areas appraisers investigate in a home appraisal. Any quality improvements increase the appraised value.

Appraisal 52

Appraisal Renovations Home Value Construction 52

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 355

Market Value Appraisal Agents Real Estate Agent 355

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.

Appraisal 79

Appraisal Appraisal Process Renovations Market Value 79