Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Defining the Appraisal Scope of Work.

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Appraisal Process Real Estate Appraisal Renovations 78

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.

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Appraisal Contracts Business Construction 77

McKissock

NOVEMBER 24, 2022

Here at McKissock, our Unlimited Learning Members enjoy 24/7 access to a wide variety of online resources for real estate appraisers. These include top-rated appraisal job aids, checklists, classes, webinars, and more. This infographic showcases the 10 most common ceiling types found in historic and modern homes.

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Appraisal Renovations Architecture Real Estate 52

Chicagoland Appraisal Blog

MAY 13, 2021

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. Here, we’ll explore everything you need to know about home appraisals and how to maximize the value of your house. . The Value of a Home Appraisal.

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Appraisal Renovations Home Value Real Estate 88

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.

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Sellers Real Estate Appraisal Appraisal Process 82

Birmingham Appraisal

MAY 21, 2024

Property Size and Usable Space The square footage of a property and how that space is used can greatly affect its appraisal value. Older homes might have more character but they may require significant updates or repairs to address structural or maintenance issues, which can affect the appraisal.

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Home Value Architecture Renovations Real Estate 70

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

Padove Appraisal Service

JANUARY 14, 2018

I am often asked which home improvements “count” towards the appraised value of a house. With the multitude of building components included as part of a house, it’s is unlikely that an appraiser could evaluate a home efficiently or accurately on a check list basis. Chronological age refers to the actual age of the dwelling.

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Home Improvement Appraisal Construction Renovations 78

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. Market value, therefore, considers the entire pool of potential buyers of homes that are similar to, and that compete with the property being appraised. CRAZY NEIGHBORS.

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Market Value Appraisal Agents Real Estate Agent 350

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

AmeriMac

JANUARY 15, 2024

One crucial step in the real estate process is getting a home appraisal. But how do you find the best local home appraiser? We will guide you through the process of finding the most qualified appraiser in your area. So, let’s dive in and discover how to find the best local home appraiser.

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Appraisal Appraisal Process Valuation Real Estate 36

D Fritz Appraisals

SEPTEMBER 19, 2019

Home Appraisals and Online Home Value Estimates Are NOT the Same Thing. On-site vs. Online: Proper Home Appraisals Need to be Done in Person. With so many types of transactions solely being handled online these days, it’s tempting to want to complete your required home appraisals entirely online and leave it at that.

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Home Value Appraisal Real Estate Agent Tools 78

Appraisal Today

APRIL 21, 2023

The State Appraisal Board Wants to Throw Me Under the Bus, Right? Again, simply put, the investigator and board look to see if the appraisal meets the requirements of USPAP’s Standard 1, and if the report meets the requirements of USPAP’s Standard 2. This, to a great extent, is a function of the current political climate.

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Appraisal Contracts Modernization Mortgage 52

Lamacchia Realty

AUGUST 12, 2021

What to Consider Before Purchasing a Fixer-Upper Although fixer-uppers are more affordable than purchasing a turnkey home in the perfect neighborhood, the process of buying a fixer-upper and renovating it is more complicated than what you see on television. How Much Time Do They Take to Renovate? Traveling a lot?

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Renovations Finance Inspection Buyers 69

Birmingham Appraisal

JULY 7, 2022

What Are Some Reasons Your Home May Not Appraise? Today we’ll look at some reasons your home may not appraise. An appraisal is recorded documentation that reports on this behavior as it relates to properties that are similar to the one being appraised.

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Appraisal Marketing Contracts Buyers 66

Boston Appraisal

FEBRUARY 2, 2023

Appraisers are often tasked with providing valuations for properties that can be very different from one another. However, in order to provide credible valuations, appraisers often have to find an objective basis for comparison. Appraisers use a unit of comparison known as the GLA, which stands for Gross Living Area.

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Inspection Law Real Estate Agent Appraisal 78

Boston Appraisal

FEBRUARY 2, 2023

Appraisers are often tasked with providing valuations for properties that can be very different from one another. However, in order to provide credible valuations, appraisers often have to find an objective basis for comparison. Appraisers use a unit of comparison known as the GLA, which stands for Gross Living Area.

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Inspection Law Real Estate Agent Appraisal 78

Appraisal Today

JUNE 3, 2022

Residential Appraisals and Airbnb Income? State appraisal boards ARE disciplining appraisers across the country for improperly using the business income (Short term Rental – STR) from Airbnbs on the residential 1007 Fannie Mae form. Julie does not include short-term rental income (STR) in her appraisals of homes with Airbnbs.

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

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

AmeriMac

MARCH 18, 2021

Regardless of whether you’re purchasing a new house or revamping your mortgage, getting an appraisal is a critical part of the process. During a home appraisal, a professional determines your home’s worth before putting it on the market. The appraisal fee may also differ based on the consumer bank you choose.

Appraisal 36

Appraisal Property Taxes Buyers Sellers 36

AmeriMac

MARCH 18, 2021

Regardless of whether you’re purchasing a new house or revamping your mortgage, getting an appraisal is a critical part of the process. During a home appraisal, a professional determines your home’s worth before putting it on the market. The appraisal fee may also differ based on the consumer bank you choose.

Appraisal 36

Appraisal Property Taxes Buyers Sellers 36

DW Slater Company

FEBRUARY 24, 2022

FannieMae and Freddie Mac both announced early this year the implementation of the use of Desktop Appraisals beginning in March. Appraisal Modernization- Many in the industry are trying to move the appraisal industry to modernize with the use of technology and data gathering services. Differences in Appraisal Products.

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Tools Inspection Appraisal Technology 149

AmeriMac

MAY 15, 2021

With so much on the line, choosing an experienced appraisal service that can determine an accurate value is a must. Of course, this begs the question: is property appraisal an art or a science? Property appraisal should involve a little bit of both. The Science of Property Appraisals. The Art of Property Appraisals.

Property Appraisal 36

Property Appraisal Appraisal Real Estate Property Taxes 36

AmeriMac

MAY 15, 2021

With so much on the line, choosing an experienced appraisal service that can determine an accurate value is a must. Of course, this begs the question: is property appraisal an art or a science? Property appraisal should involve a little bit of both. The Science of Property Appraisals. The Art of Property Appraisals.

Property Appraisal 36

Property Appraisal Appraisal Real Estate Property Taxes 36

AmeriMac

MAY 15, 2021

With so much on the line, choosing an experienced appraisal service that can determine an accurate value is a must. Of course, this begs the question: is property appraisal an art or a science? Property appraisal should involve a little bit of both. The Science of Property Appraisals. The Art of Property Appraisals.

Property Appraisal 36

Property Appraisal Appraisal Real Estate Property Taxes 36

Realtor

AUGUST 24, 2017

SolisImages/iStock Determining a price for your home can be stressful, especially if you don’t know how to prepare for an appraisal. If the home’s appraised value is too far from the listing price, it can make or break the deal. The first step toward getting ready for an appraisal can be the hardest for sellers.

Appraisal 78

Appraisal Real Estate Agent Real Estate Agents 78

Realtor

AUGUST 24, 2017

SolisImages/iStock Determining a price for your home can be stressful, especially if you don’t know how to prepare for an appraisal. If the home’s appraised value is too far from the listing price, it can make or break the deal. The first step toward getting ready for an appraisal can be the hardest for sellers.

Appraisal 78

Appraisal Real Estate Agent Real Estate Agents 78

Eppraisal

OCTOBER 31, 2023

Comparable Properties (Comps) Listings with similar specs — lot size, square footage, number of bedrooms and bathrooms, floor plan, and architectural style — as your home sold within the past six months are excellent points of reference when pricing your house. Search real estate listing sites to find suitable candidates.

Marketing 69

Marketing Real Estate Agent Real Estate Valuation 69

AmeriMac

MARCH 18, 2021

Regardless of whether you’re purchasing a new house or revamping your mortgage, getting an appraisal is a critical part of the process. During a home appraisal, a professional determines your home’s worth before putting it on the market. The appraisal fee may also differ based on the consumer bank you choose.

Appraisal 28

Appraisal Property Taxes Buyers Sellers 28

AmeriMac

FEBRUARY 18, 2021

Home appraisals are the perfect way to get an accurate measure of your house’s value. Now if you want to gain approval for a mortgage, you are going to need a good home appraisal. From the seller right down to the buyer, an experienced real estate appraiser is an essential part of the overall home purchasing process.

Appraisal Process 36

Appraisal Process Appraisal Sellers Buyers 36

AmeriMac

FEBRUARY 18, 2021

Home appraisals are the perfect way to get an accurate measure of your house’s value. Now if you want to gain approval for a mortgage, you are going to need a good home appraisal. From the seller right down to the buyer, an experienced real estate appraiser is an essential part of the overall home purchasing process.

Appraisal Process 36

Appraisal Process Appraisal Sellers Buyers 36

DW Slater Company

FEBRUARY 24, 2022

FannieMae and Freddie Mac both announced early this year the implementation of the use of Desktop Appraisals beginning in March. Appraisal Modernization- Many in the industry are trying to move the appraisal industry to modernize with the use of technology and data gathering services. Differences in Appraisal Products.

Tools 78

Tools Inspection Appraisal Technology 78

AmeriMac

FEBRUARY 18, 2021

Home appraisals are the perfect way to get an accurate measure of your house’s value. Now if you want to gain approval for a mortgage, you are going to need a good home appraisal. From the seller right down to the buyer, an experienced real estate appraiser is an essential part of the overall home purchasing process.

Appraisal Process 28

Appraisal Process Appraisal Sellers Buyers 28

Property Metrics

APRIL 7, 2022

Depending on the context, yield on cost is also commonly referred to as the going-in cap rate, development yield, return on cost, cost cap rate, or build-to rate. Finally, we’ll take a look at how to calculate the yield on cost for specific construction or renovation projects. Yield on Cost Formula. The yield on cost of 9.6%

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Renovations Development Real Estate Tenants 41

Aedis Appraisals

JANUARY 12, 2018

Regardless of whether you happen to be a lender or buyer, it’s important for you to understand the salient details of contemporary real estate appraisals, especially if your forthcoming transaction is lucrative and vital to your financial future. Real Estate Appraisers Are Knowledgeable Professionals. Depreciation reports.

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Real Estate Appraisal Valuation Legal 36

The Robert Weiler Company

SEPTEMBER 23, 2020

Can their references substantiate their claims? Do they have established relationships with local companies who can assist with maintenance and/or renovations? Since 1938, our experienced professionals have been providing top-notch commercial real estate services – from appraisal and brokerage to property management services.

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Property Management Tenants Investing Legal 142

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.

Real Estate 28

Real Estate Appraisal Inspection Contracts 28