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! ” “That we research value, we do not assign it.”

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Real Estate Agent Real Estate Agents Appraisal 97

Raleigh Realty

FEBRUARY 19, 2022

Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? Now it's time for the home appraisal. But before you do there's one last factor to consider: the home appraisal. Here's what you need to know about home appraisals so that you come prepared.

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Appraisal Process Appraisal Construction Sellers 139

Appraisal Today

JANUARY 5, 2024

Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. I suppose it is because most appraisals are done (now) for residential lending purposes.

Appraisal 74

Appraisal Contracts Legal Business 74

Town & Country Residential Appraisals

APRIL 10, 2023

Fannie Mae recently announced in their recent Selling Guide (SEL-2023-02) update that “as part of the valuation modernization” they are transitioning to a “range of options to establish a property’s market value”. It is then the lender who confirms based on this information if the property is eligible and an appraisal is not required.

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Appraisal Final Inspection Modernization Inspection 57

Chicagoland Appraisal Blog

MAY 13, 2021

Like any other investment, you want to know its value with some reliable degree of accuracy. A home appraisal is an unbiased opinion of a home or property’s value. Real estate professionals or other appraisal experts can help you determine the market value of your home. What’s in a Home’s Value?

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Appraisal Renovations Home Value Real Estate 88

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 111

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

Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. The appraisal was ordered by an AMC on behalf of a lender. At that time, the real estate market was still being wildly affected by the COVID pandemic. The inspection was uneventful.

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Appraisal Design Contracts Inspection 70

McKissock

JANUARY 14, 2022

The negative impacts on the marketability of residential properties caused by odors from pet dander, feces, and urine can be significant factors in the price a buyer is willing to pay. For example: I had an assignment to appraise a 3,500 sq. four-year-old masonry house of well above average quality construction.

Appraisal 77

Appraisal Tenants Inspection Market Value 77

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

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. To simplify and demystify the commercial appraisal process for you, we have addressed 17 of the most important questions asked.

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Real Estate Appraisal Property Appraisal Valuation 60

Genworth MI Blog

JUNE 27, 2019

The home appraisal has been requested…the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood? Will the appraiser use good comparables? Will the appraised value be sufficient for the loan?”. Will repairs be needed?

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

Genworth MI Blog

JUNE 27, 2019

The home appraisal has been requested…the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood? Will the appraiser use good comparables? Will the appraised value be sufficient for the loan?”. Will repairs be needed?

Appraisal Tips 78

Appraisal Tips Appraisal Law Market Value 78

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

Realtor

MARCH 7, 2023

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. The main criterion is that the home’s market value may not exceed the USDA’s applicable area loan limit.

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Inspection Appraisal Market Value Finance 111

AmeriMac

OCTOBER 5, 2022

If you are in the process of buying a home, getting a home appraisal of the property can help you to get the correct market value for the home so that you don’t pay too much for it. It can be helpful for both the buyer and the seller of the property when the true value of the home is assessed. Home Appraisals.

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Appraisal Mortgage Market Value Sellers 36

Appraisal Today

APRIL 14, 2023

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

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Appraisal Bracketing Contracts Valuation 52

AmeriMac

AUGUST 10, 2022

When you are selling your home, a home appraisal is a process that will determine your home’s fair market value. It’s much different from an in-depth home inspection that is done to find any small defects in the property. This information is then used to create an appraisal report that is given to the lender.

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Appraisal Inspection Real Estate Buyers 36

Appraisal Today

OCTOBER 7, 2022

NAR Appraisal Survey 2022. Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. The typical appraiser reports a 40-mile radius in which they conduct appraisals. While agents can “puff” we cannot!

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Appraisal Contracts Architecture Housing Market 52

The Robert Weiler Company

APRIL 12, 2023

Lastly, some commercial property owners will see a negligible difference, regardless of the appraisal. The County Auditors are responsible for ensuring that every parcel of land (and any buildings within) are fairly and consistently appraised and assessed for tax purposes. The 2020 property reassessment included more than 5.5

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Property Appraisal Property Taxes Real Estate Valuation 148

AmeriMac

APRIL 29, 2021

No matter if you’re purchasing a home or selling your home, obtaining a home appraisal is a key step during the transaction. While home appraisals help lenders confirm accurate sales prices, sellers can benefit from receiving the best and most precise price for their homes. Why Are Home Appraisals Important?

Appraisal 36

Appraisal Appraisal Process Inspection Sellers 36

AmeriMac

APRIL 29, 2021

No matter if you’re purchasing a home or selling your home, obtaining a home appraisal is a key step during the transaction. While home appraisals help lenders confirm accurate sales prices, sellers can benefit from receiving the best and most precise price for their homes. Why Are Home Appraisals Important?

Appraisal 36

Appraisal Appraisal Process Inspection Sellers 36

AmeriMac

APRIL 29, 2021

No matter if you’re purchasing a home or selling your home, obtaining a home appraisal is a key step during the transaction. While home appraisals help lenders confirm accurate sales prices, sellers can benefit from receiving the best and most precise price for their homes. Why Are Home Appraisals Important?

Appraisal 36

Appraisal Appraisal Process Inspection Sellers 36

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.” Appraisers – check the water source! Hybrid appraisal survey ).

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Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals.

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Appraisal Construction Contracts Architecture 76

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.

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Appraisal Property Taxes Real Estate Market Value 145

Lifestyle Properties of Maine

AUGUST 6, 2019

One of the most nerve wracking parts of a real estate transaction can be the appraisal process for both buyers and sellers. What is an appraisal? Why is an appraisal necessary? What if the home doesn’t appraise for the contract value? Some people confuse a real estate appraisal with a home inspection.

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Real Estate Appraisal Inspection Contracts 28

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. For residential parcels, fair market value is generally determined by analyzing recent sales of comparable properties in the same area.

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Property Taxes Market Value Real Estate Government 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. Not anticipating issues.

Home Improvement 36

Home Improvement Renovations Investing Inspection 36

Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. Property appraisal information Detailed outline or description of each property. These details are more relevant and appropriate in an appraisal. More on that later.

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Marketing Real Estate Agent Clients Tools 422

Clear Capital

DECEMBER 21, 2022

As an appraisal quality leader and former field appraiser, I know firsthand that working in the real estate appraisal industry can be a wild ride. Due to emerging shifts in the mortgage loan market, there is a heightened sense of urgency to review the conventional loan appraisal guidelines. . 1 is location, No.

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Appraisal Bracketing Clients Market Value 69

The Robert Weiler Company

MAY 18, 2022

commercial appraisal, commercial real estate agents, advertisements, and upkeep for curb appeal). Though, keep in mind that commercial real estate doesn’t always sell at market value. Any construction, upkeep or upgrades, and structural enhancements should have receipts and before and after photos. Clean everything!

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Real Estate Tenants Retail Investing 148

Cleveland Appraisal Blog

MAY 13, 2021

And, of course, we appraisers have our views of what a home is worth. . In the current market, those views may be light-years apart. In most areas that I appraise in, which is reflective of most parts of the country right now, as soon as a home is listed, within days, and sometimes hours, many bids are made.

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Market Value Contracts Appraisal Buyers 298