Eppraisal

OCTOBER 19, 2021

This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. As a result, home values have been increasing. Real estate appraisers however are acting more level-headed. It may be good news or it may be not-so-good news.

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Appraisal Today

AUGUST 4, 2023

The End of Home Appraisals? As with all banned words, Freddie’s list will lead to the need to ban additional words over time as appraisers, expunging the word “desirable,” will find synonyms when analyzing market reaction to the views of two homes or to the cul-de-sac location of a home versus the midblock location of a comparable.

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Housing Wire

APRIL 13, 2021

year-over-year increase in home values. Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap.

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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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D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. How Do I Get Ready for the Appraisal on My House?

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Cleveland Appraisal Blog

OCTOBER 14, 2021

Speaking of things rising, home prices, as well as the prices of most other things, are rising rapidly. Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. On many of my appraisals at that time, my opinion of value would not support the contract price.

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Inventory Market Value Appraisal Contracts 243

Birmingham Appraisal

JULY 7, 2022

What Are Some Reasons Your Home May Not Appraise? With the current shift in the real estate market, we may see changes in sales activity that will affect your home’s value. The market is constantly changing and it is important to keep up with what is happening if you want to stay current on property values.

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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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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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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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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! Nothing wrong with that.

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Eppraisal

FEBRUARY 17, 2023

There are two ways in which home values can be estimated by real estate professionals. A comparable market analysis can be prepared, or an appraisal can be performed. The average consumer may not know the difference between the two, however, home buyers and sellers need to know.

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Eppraisal

NOVEMBER 9, 2021

Home buyers are still flocking to homes when they are listed for sale. Buyers continue to offer list price and above as home values are still going up. When a home buyer doesn’t pay cash for a home, he will most likely be purchasing the home with the help of a mortgage lender.

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Appraisal Contracts Sellers Home Value 36

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 Architecture Valuation Business 52

AmeriMac

MARCH 1, 2024

However, there are strategies to eliminate PMI, including getting an appraisal. This blog post explores private mortgage insurance, its impact on your mortgage, strategies to eliminate it, and the appraisal process. AmeriMac can assist you throughout the appraisal process for a smooth PMI removal journey.

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Eppraisal

NOVEMBER 23, 2021

The real estate market is still hot and there are currently more buyers than homes available for sale. So far in this year's fall real estate market, home values continue to rise. Despite the super seller's market, appraisers are protecting the mortgage companies' interests. The appraiser measures the rooms in your home.

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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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Eppraisal

NOVEMBER 12, 2021

Selling your home can be profitable in today's seller's market as home values have risen significantly this year. What's taken many sellers by surprise this year, however, is that some homes haven't been appraising due to these higher sales prices. Here are a couple of tips on what to expect during an appraisal.

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Chicagoland Appraisal Blog

JULY 13, 2017

I came across a Facebook post from an appraiser friend of mine about an article written in the Chicago Tribune titled Homebuyers who pay cash win deals as appraisals derail sale in tight Chicago market. The title is definitely eye-catching especially to an appraiser in Chicago. How often do realtors attend home appraisals?

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Clear Capital

FEBRUARY 23, 2024

Shared equity programs are growing across the country, and lenders and appraisers should understand the nuances of these programs to ensure accurate valuations. When the subject property is a shared equity property A lender should specify in the appraisal order whether the subject property is a shared equity property.

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Valuation Market Value Contracts Appraisal 36

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 67

Listing Spark

MARCH 15, 2022

Here are a few tips on how to avoid hurting your home appraisal: What is a home appraisal? Home appraisals are a method by which an appraiser reviews a home and compares them to homes in a specific neighborhood to determine their fair market price. What hurts a home appraisal?

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Eppraisal

DECEMBER 23, 2022

Be sure your agent did an analysis for you and that you are aware of the home values for similar homes in your area. Negotiate the price based on these home values. Inspection Period After the contract is signed and delivered to all parties, it becomes a fully executed contract.

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Eppraisal

JUNE 1, 2021

List your home for sale on the market one minute, and the next you're likely fielding offers. Gay Cororaton, the Research Economist for the National Association of Realtors states, "On average, there were four offers per home sold (closed) in February 2021." Home values are rising because of this.

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Eppraisal

FEBRUARY 7, 2023

By contrast, a homebuilder acquires raw land to build on and sell when home values are high. Property values are home values just as commercial property values center on the building. Appraisers can evaluate worth in relation to similar structures and sellers can base their asks on appraised market value.

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Eppraisal

JULY 19, 2022

With home values rising and homes selling at record speed, it is helpful to have an attorney on your side during the transaction. Contract Review Whether you are a home buyer or a home seller, once you sign a contract it is time to hire a real estate attorney.

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Eppraisal

FEBRUARY 28, 2023

As homes have been selling with multiple offers and at record speeds over the past few years, home buyers have been watching home statuses carefully in case contracts fall through. If the buyer does not meet these contingencies, he/she can get out of the contract without losing any money.

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Housing Wire

NOVEMBER 13, 2023

Course also covers Florida Real Estate Law and Contracts, Valuation, appraisal, financing, federal income tax laws, zoning and planning, environmental issues & more. The CE Shop pricing Education Type Prelicensing Exam Prep Post-License CE Broker Prelicensing Starting at $104.25 $101.25 $115 $221.25

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Real Estate Real Estate Agent Agents Law 433

D Fritz Appraisals

FEBRUARY 22, 2023

However, refinancing will also incur additional closing costs, such as appraisal fees and legal expenses, which the borrower should consider before making a decision. Fritz Appraisals Can Help You With Your Next Home Using equity to buy a second home in Canada can be an advantageous financial move for many homeowners.

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Eppraisal

OCTOBER 26, 2021

Some are waiving appraisals and others are even offering to waive inspection contingencies. Inspection Contingencies Defined When buyers and sellers agree on all the terms of a real estate contract, it is signed and delivered to all parties. Buyers also have the right to cancel contracts because of inspection results.

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Eppraisal

MAY 12, 2021

According to Zillow.com the average home value will rise as high as 13.5% Buyers are even using escalation clauses with their offers to purchase a home. Escalation Clause Advantage An escalation clause is an addendum to a real estate contract that some buyers are using in this sizzling seller's market.

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Sellers Real Estate Buyers Home Value 67

Eppraisal

DECEMBER 20, 2022

Your real estate agent will discuss with you the price of the home you are looking for, the size, how many rooms you need, the style, your needs and wants in a home, and much more. It is important to understand home values in the areas you are looking so you have an idea of what type of homes you can afford.

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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

APRIL 8, 2021

Home values are increasing as buyers are competing for homes. According to the National Association of Realtors (NAR), the inventory of homes is at it's lowest since 1999. There is so much pent-up buyer demand that homebuyers are in bidding wars and are offering considerably more than list price for homes.

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Eppraisal

OCTOBER 2, 2021

Your agent should know the real estate contract like the back of her hand. This includes the recently-popular clauses, addendums and riders such as price acceleration addendums, appraisal gap riders and "as is" clauses. Skills to Look For in a Listing Agent It's no secret homes are selling quickly.

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Eppraisal

MARCH 10, 2023

Even though most houses were selling quickly, and home values were rising, many sellers wanted to sell their homes to buyers with few or no contingencies. "House In this case, you would already have a contract on your current home, and you would only ask the seller to wait to close until your house closes first.

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Eppraisal

APRIL 20, 2021

Your Offer Price As mentioned, the inventory of homes for sale is even lower than it was last year at this time. According to an article on Realtor.com, there were 52% less homes on the market in March of 2021 than in March of 2020. With limited inventory, home values are on the rise. It's that simple.

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