Appraisal Today

MARCH 22, 2024

For instance, in the subject’s market, a mountain view could significantly impact the demand and marketability of a vacation condominium home. Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

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Appraisal Contracts Business Insurance 66

East Coast Appraisal

FEBRUARY 28, 2022

If you plan to refinance or sell your home, you should first determine its fair market value. 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.

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Appraisal Renovations Home Value Construction 52

Housing Wire

JULY 7, 2023

In general, after what we went through and what’s going on with home prices, construction costs and interest rates, there is less liquidity for bridge and fix-and-flip versus non-QM.” It’s hard to buy a home today, fix it up and make a profit when your borrowing cost and fixed expenses are so high.

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Marketing Lending Investors Real Estate 368

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. Read on for more information about how a home appraiser determines the value of your property. Type of foundation.

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Appraisal Inspection Property Taxes Easement 105

Cleveland Appraisal Blog

OCTOBER 29, 2021

If you’re reading through an appraisal report, and you make it to the Cost Approach, which is where appraisers report either the reproduction or replacement cost of the home they are appraising, you will see a little field that says, “ Remaining Economic Life “ What does this number indicate?

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PennyMac

OCTOBER 10, 2023

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

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Appraisal Real Estate Agent Renovations Home Value 69

McKissock

MARCH 22, 2022

Green homes require special consideration during the appraisal and appraisal report review processes, given that they are typically unique to a subject neighborhood. Here are five tips for appraising green homes that you can use as guidance. Free guide: Want more tips for appraising green homes?

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Appraisal Design Appraisal Process Market Value 90

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. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.

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Real Estate Appraisal Marketing Market Value 84

Housing Wire

JANUARY 7, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year.

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Appraisal Today

APRIL 14, 2023

Appraising Fixer Uppers Excerpts: We’re all familiar with the term “fixer-upper.” 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.” In my MLS “contractor special” is often used.

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Cleveland Appraisal Blog

APRIL 29, 2021

Welcome to Emily Miller , who wrote this piece for the Cleveland Appraisal Blog. Tips for Increasing Your Home’s Value Without Spending a Fortune. Buying a property is not just about creating a home, it is making a long-term investment. What Home Appraisers Look For. I have one more this week.

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Appraisal Today

JUNE 10, 2022

How can we fix the excess of appraisers? Too many appraisers? 2) We will make it harder to become an appraiser; 3) Let the lower fees discourage newcomer appraisers. In past issues of the Analogue Blog, we have considered the “five forces of friction” on the advancement of appraisal. Purchase vs. refi appraisals.

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Cleveland Appraisal Blog

JUNE 2, 2022

Here, the Cleveland Appraisal Blog presents some great advice about finding the best house and considering other alternative arrangements. As always, a big thank you to Jessica for writing this article for the Cleveland Appraisal Blog! You can also listen right here at Cleveland Appraisal Blog! – Birmingham Appraisal Blog.

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Appraisal Today

MAY 19, 2023

Chat GPT For Fannie Form Appraisal Reports By Dustin Harris Excerpts: The world of real estate appraisal is constantly evolving (much to our dismay sometimes), and as professionals in this field, it is crucial to stay ahead of the curve by embracing innovative tools and technologies. The answer is, Yes!

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Realtor

AUGUST 7, 2019

William_Potter/iStock Even if you’re new to this whole selling-a-house thing, chances are good you’ve heard of a home appraisal. And if you know just a little about the process, you know that the appraisal—a value put on your home by an objective third-party expert—can make or break your home sale.

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Appraisal Today

FEBRUARY 24, 2023

What Level Appraiser Are You? What is the mark of an appraiser who is at the top of his or her “game”? For example, are you competent to prepare an entire appraisal from start to finish? But what if the appraisal form was completely blank with no boilerplate text? A Level 1 appraiser checks boxes.

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Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” It was shared by four nearby homes. Hybrid appraisal survey ).

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Appraisal Contracts Real Estate Mortgage 52

Realtor

AUGUST 7, 2019

William_Potter/iStock Even if you’re new to this whole selling-a-house thing, chances are good you’ve heard of a home appraisal. And if you know just a little about the process, you know that the appraisal—a value put on your home by an objective third-party expert—can make or break your home sale.

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Sellers Appraisal Market Value Real Estate Agent 78

Realtor

MARCH 7, 2023

What type of home qualifies for a USDA loan? While there is a lot of flexibility in the type of home that may be accepted for a USDA home loan—including condos , townhouses , and new construction —not all homes will qualify. These loans have no home value limits at all, although they do have income limits.

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Appraisal Buzz

JULY 5, 2021

The appraisal industry — just like so many others — has taken all kinds of twists and turns over the past year. Whether you’re an appraiser or another industry professional who frequently works with appraisers, the changing nature of the industry is likely enough to make you feel a bit overwhelmed.

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Appraisal Today

FEBRUARY 23, 2024

I quit making dollar adjustments on form appraisals many years ago, but I always do market conditions adjustments when needed. I appraise a lot of 2-4 units and regularly go to other neighborhoods for comps. I do a lot of estate appraisals, which are not current value. Isn’t appraising boring? baths, 12,770 sq.ft.,

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Appraisal Real Estate Contracts Reconsideration of Value 68

Empire Appraisal Group

APRIL 21, 2022

Assuming all these factors and new construction hold steady, we could begin to see inventory increases this summer—welcome news for buyers who have endured pandemic home shopping and can continue their journey despite higher buying costs.”. The post Listing Prices Hit Highest Median Ever appeared first on Empire Appraisal Group.

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Inventory Buyers Construction Realtors 78

D Fritz Appraisals

NOVEMBER 9, 2019

Appraising Your Home to Access Capital for Purchasing an Income Property. How to get the best appraised value possible out of your current home to help you purchase an income property. Own your own home and thinking about buying another? Excellent idea!

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Property Appraisal Appraisal Real Estate Investing 78

Town & Country Residential Appraisals

JANUARY 20, 2020

Allocation is a tool used by some appraisers in some areas in order to determine land value. Extraction - in this analysis the appraiser calculates the cost to build the structure new, depreciates the improvements to their current condition, and then subtracts this from a sale of the property. Why does this matter?

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Tools Construction Appraisal Home Value 36

PennyMac

JANUARY 2, 2024

Equity is the difference between your home's current market value and the amount you owe on your mortgage. A home upgrade that doesn’t fully pay for itself dollar-for-dollar in terms of increased home value may still boost your home’s overall market value, thereby increasing your equity.

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Appraisal Today

NOVEMBER 4, 2022

Appraisers Share Their Best Tips for Working with AMCs. Appraisers tend to get annoyed with constant emails from the AMC about inspection date, completion, report submission, etc. My comments: Read this blog post with practical tips from practicing appraisers. Practical real estate appraisal writing tips for AMC questions.

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Eppraisal

FEBRUARY 20, 2024

Once you purchase an old home, you may encounter some unexpected maintenance surprises.  Old Their solid construction and intricate wooden accents showcase the commitment of the initial builders. Regular maintenance ensures you preserve the home’s value with these enduring qualities and avoid any potential complications.

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Architecture Inspection Renovations Modernization 36

CP Home Appraisals

JANUARY 7, 2017

Homeowners who have larger lots than other lots in their area want to know if the value of their home would be substantially more. If a specific lot is approximately 3,000 to 5,000 square feet larger than other lots, it should have an appraised value that is greater. can be found at: CP Home Appraisals.

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Easement Buyers Real Estate Home Value 78

CP Home Appraisals

JANUARY 7, 2017

Homeowners who have larger lots than other lots in their area want to know if the value of their home would be substantially more. If a specific lot is approximately 3,000 to 5,000 square feet larger than other lots, it should have an appraised value that is greater. The more important questions is by how much?

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Easement Buyers Home Value Construction 78

Chicagoland Appraisal Blog

JUNE 7, 2021

It is pretty common knowledge that appraisers should select the most recent home sales as comparable. The question then becomes why would an appraiser use old comps? . Additionally, older comparable sales that are the best indicator of value for the subject property can be used if appropriate. The answer is yes.

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Appraisal Buzz

JUNE 10, 2024

In 2020, the same expenses totaled $14,428 per year for a typical single-family home—which equates to $1,202 monthly. Home values have risen by 40% since the beginning of the pandemic. The National Association of Realtors reported that the median price of an existing home in March 2020 was $280,700. California.

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Property Taxes Insurance Home Value Construction 332

Will Springer Realtor

MARCH 7, 2023

A large part of each property tax dollar goes to pay off construction bonds for school buildings and other public projects. The highest property value increase in King County this year occurred in Sammamish, where the median home value jumped 51%.

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Property Taxes Market Value Real Estate Government 36

Hood Homes Blog

SEPTEMBER 19, 2018

Usually higher taxes means lower home values. That is because cities with lower home values have to tax a higher percent in order to get enough money to run their business. For the area, their home prices are on the high side and their taxes on the high side, too. Where can you find your property’s tax appraisal?

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Property Taxes Appraisal Home Value Legal 36

Appraisal Today

DECEMBER 9, 2022

How to Reduce Appraisal Revision Requests. Excerpts: To cut down on appraisal revision requests, it is important to keep these best practices in mind: Communicate in a timely manner. If you disagree with the request for appraisal submissions or have concerns or need clarification, please reach out for clarification.

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Housing Wire

DECEMBER 1, 2022

“Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”.

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Housing Market Marketing Construction Inventory 365

Appraisal Buzz

AUGUST 29, 2022

Experts consider a price unaffordable if the owner or occupant spent 30% or more of their monthly income on the home, with one in seven households spending over half of their income. Home prices continued to rise by over 20% between the spring of 2021 and the spring of 2022. Appraisals. appeared first on Appraisal Buzz.

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DW Slater Company

FEBRUARY 23, 2023

No longer are homes selling above list price (see Percent of Orignal Price chart below ) In fact they are selling at a more reasonable 5% below list price. Closely studying our markets is very crucial in understanding current market value for appraisers. Not every market is the same. Each specific market is different.

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