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

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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Realtor

AUGUST 1, 2018

We found an FHA-approved lender, and in no time, we were on our way to buying our first home with a government-backed loan. To be approved for the loan, the house must pass an inspection conducted by the U.S. ” (Note: This inspection is not a substitute for a regular home inspection, which you should absolutely get, too.). .

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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

Town & Country Residential Appraisals

JANUARY 24, 2020

They ask you at the inspection “So, how much do you need this to come in at?” An appraiser’s data, reasoning and final opinion should be credible, reliable, independent, impartial and objective. If you feel that an appraiser has artificially inflated a market value opinion, report this behavior to the PA Appraiser Board here.

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Quicken Loans

JUNE 8, 2021

There are also plenty of risks: A home you buy at an auction might have a lien on its title from a government agency, especially if the former owners stopped paying property taxes. You might not have the chance to order an appraisal on the home. The bank will likely hire a local real estate agent to put it on the market.

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Realtor

AUGUST 1, 2018

We found an FHA-approved lender, and in no time, we were on our way to buying our first home with a government-backed loan. To be approved for the loan, the house must pass an inspection conducted by the U.S. ” (Note: This inspection is not a substitute for a regular home inspection, which you should absolutely get, too.). .

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Inspection Insurance Buyers Renovations 78

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

Housing Wire

MAY 25, 2021

The FHFA’s engagement of industry stakeholders signifies a critical inflection point for appraisal transformation. For example, appraisal turn time has swelled 65% from 2018, according to recent data published by Freddie Mac. Appraisal costs have also soared 24% since 2016, according to the Freddie Mac data. Appraiser shortage.

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Assurance Financial

APRIL 29, 2021

Before you buy a home or refinance a mortgage, your property will most likely need to go through the appraisal process. During an appraisal, a professional will evaluate your home’s condition, how much similar homes have sold for recently and the overall market to determine the value of your home. Assessed Value.

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Zillow

JULY 15, 2019

Appraisal management company (AMC) : An institution operated independently of a lender that, once notified by a lender, orders a home appraisal. Fees may include the appraisal, the home inspection, a title search, a pest inspection and more.

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Realtor

MAY 15, 2023

Getty Images If you need a mortgage to buy a home you have your eye on, it’s standard for your lender to order an appraisal of the property. But when your lender says it’s ordering a hybrid appraisal instead of a traditional appraisal , what does that mean exactly ? The appraisal also protects you as a buyer.

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Appraisal Real Estate Appraisal Process Market Value 107

Lamacchia Realty

AUGUST 12, 2021

Fixer-uppers tend to be popular among real estate investors as well as first-time homebuyers as they present an opportunity to buy below market value. By making updates, the buyer is able to meet or exceed current market standards and build equity in their property faster.

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PennyMac

JUNE 28, 2022

From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. For example, if you have an FHA loan, there is a standard limit that sellers can only contribute 6% based on the appraised value and the price of the property. Lead-Based Paint Inspection.

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Insurance Property Taxes Sellers Inspection 36

Housing Wire

APRIL 25, 2022

Most conversations surrounding the affordability crisis have focused on headline-grabbing home price increases , bidding wars , racial disparities in home appraisals and a lack of supply. Racial disparities in appraisals are far less clear than property taxes. But the federal government has fixed its might on the former.

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Realtor

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency. Your home inspection reports. Your home inspection reports.

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AmeriMac

FEBRUARY 25, 2021

For years Federal Housing Administration (FHA) appraisals have been aiding homebuyers in purchasing the house of their dreams. Tailored to help borrowers of all kinds, in order to gain an FHA loan, your desired property needs to go through an appraisal. Here we discuss all of that in detail: What is an FHA Appraisal?

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Appraisal Insurance Appraisal Process Market Value 36

AmeriMac

FEBRUARY 25, 2021

For years Federal Housing Administration (FHA) appraisals have been aiding homebuyers in purchasing the house of their dreams. Tailored to help borrowers of all kinds, in order to gain an FHA loan, your desired property needs to go through an appraisal. Here we discuss all of that in detail: What is an FHA Appraisal?

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Appraisal Insurance Appraisal Process Market Value 36

AmeriMac

FEBRUARY 25, 2021

For years Federal Housing Administration (FHA) appraisals have been aiding homebuyers in purchasing the house of their dreams. Tailored to help borrowers of all kinds, in order to gain an FHA loan, your desired property needs to go through an appraisal. Here we discuss all of that in detail: What is an FHA Appraisal?

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Appraisal Insurance Appraisal Process Market Value 28

Realtor

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency. Your home inspection reports. Your home inspection reports.

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Buyers Inspection Contracts Real Estate Agent 78

Assurance Financial

MAY 18, 2022

Several government loan programs exist to help buyers take one step closer to the American dream of homeownership. FHA loans don’t come directly from the government. In exchange for looser requirements and government insurance, FHA loans require borrowers to pay mortgage insurance. Government Guarantee.

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